The Federal Reserve is illegal under US Constitutional Law

twolifeinexile

full member

Activity: 154

Merit: 100

Quote from: mrvision on December 30, 2012, 08:12:06 PM

Quote from: Nolo on December 30, 2012, 08:03:55 PM

Quote from: mrvision on December 30, 2012, 07:57:59 PM

What do you think about this?

http://en.wikipedia.org/wiki/Federal_Reserve_Act
on 23rd December 2012 was the 99th anniversary of the Federal Reserve, and 99 years is the longest period of time for a business deal - it has to be renewed after that.

see...
http://en.wikipedia.org/wiki/99-year_lease

This is completely wrong. (Except for maybe the 99th anniversary of the Fed Reserve. I didnt' look that up.)

There is no time limitation for a business deal/contract in general, unless the contract says there is. (Now the Statute of Frauds requires contracts that cannot be performed within 1 year to be in writing, but that's something completely different.)
The 99 year lease you cited to only applies to real property, and I'm not aware of anywhere in the U.S. that it applies. I believe it's used in Mexico, however.

Well... you mean that a gov can have a contract with a private corporation allowing virtually control the country and this contract would never expire?

It is a law and a law could be repealed I guess.

Nolo

hero member

Activity: 686

Merit: 500

Whoa, there are a lot of cats in this wall.

Quote from: mrvision on December 30, 2012, 08:12:06 PM

Quote from: Nolo on December 30, 2012, 08:03:55 PM

Quote from: mrvision on December 30, 2012, 07:57:59 PM

What do you think about this?

http://en.wikipedia.org/wiki/Federal_Reserve_Act
on 23rd December 2012 was the 99th anniversary of the Federal Reserve, and 99 years is the longest period of time for a business deal - it has to be renewed after that.

see...
http://en.wikipedia.org/wiki/99-year_lease

This is completely wrong. (Except for maybe the 99th anniversary of the Fed Reserve. I didnt' look that up.)

There is no time limitation for a business deal/contract in general, unless the contract says there is. (Now the Statute of Frauds requires contracts that cannot be performed within 1 year to be in writing, but that's something completely different.)
The 99 year lease you cited to only applies to real property, and I'm not aware of anywhere in the U.S. that it applies. I believe it's used in Mexico, however.

Well... you mean that a gov can have a contract with a private corporation allowing virtually control the country and this contract would never expire?

Aside from the constitutional argument against the fed (which is a complicated subject in and of itself), the answer is yes. Contracts just don't expire, unless the contract says it does. They may however, terminate upon completion of the contract. But theoretically I could enter into a 200 year long contract and it be perfectly valid. (Although ownership rights in land can get really complicated due to the Rule Against Perpetuities, so ignore that for now, I'm only speaking in general contract terms.)

mrvision

sr. member

Activity: 527

Merit: 250

Quote from: Nolo on December 30, 2012, 08:03:55 PM

Quote from: mrvision on December 30, 2012, 07:57:59 PM

What do you think about this?

http://en.wikipedia.org/wiki/Federal_Reserve_Act
on 23rd December 2012 was the 99th anniversary of the Federal Reserve, and 99 years is the longest period of time for a business deal - it has to be renewed after that.

see...
http://en.wikipedia.org/wiki/99-year_lease

This is completely wrong. (Except for maybe the 99th anniversary of the Fed Reserve. I didnt' look that up.)

There is no time limitation for a business deal/contract in general, unless the contract says there is. (Now the Statute of Frauds requires contracts that cannot be performed within 1 year to be in writing, but that's something completely different.)
The 99 year lease you cited to only applies to real property, and I'm not aware of anywhere in the U.S. that it applies. I believe it's used in Mexico, however.

Well... you mean that a gov can have a contract with a private corporation allowing virtually control the country and this contract would never expire?

Nolo

hero member

Activity: 686

Merit: 500

Whoa, there are a lot of cats in this wall.

Quote from: mrvision on December 30, 2012, 07:57:59 PM

What do you think about this?

http://en.wikipedia.org/wiki/Federal_Reserve_Act
on 23rd December 2012 was the 99th anniversary of the Federal Reserve, and 99 years is the longest period of time for a business deal - it has to be renewed after that.

see...
http://en.wikipedia.org/wiki/99-year_lease

This is completely wrong. (Except for maybe the 99th anniversary of the Fed Reserve. I didnt' look that up.)

There is no time limitation for a business deal/contract in general, unless the contract says there is. (Now the Statute of Frauds requires contracts that cannot be performed within 1 year to be in writing, but that's something completely different.)
The 99 year lease you cited to only applies to real property, and I'm not aware of anywhere in the U.S. that it applies. I believe it's used in Mexico, however.

mrvision

sr. member

Activity: 527

Merit: 250

What do you think about this?

http://en.wikipedia.org/wiki/Federal_Reserve_Act
on 23rd December 2012 was the 99th anniversary of the Federal Reserve, and 99 years is the longest period of time for a business deal - it has to be renewed after that.

see...
http://en.wikipedia.org/wiki/99-year_lease

hazek

legendary

Activity: 1078

Merit: 1002

Quote from: grantbdev on December 30, 2012, 03:03:21 PM

When was the last time "unconstitutional" stopped government growth? FDR? Even then, barely!

Exactly. It's just a PR pamphlet and they sure treat it as such, that's all! I mean it's really stupid to think a piece of paper with some words on it will protect your freedom. Roll Eyes