Porterville Post  - The Right News at the Right Time
Welcome to The Porterville Post -- A Christian Conservative publication. In the coming months we will be covering news from the local area and eventually expand with additional articles, writers and columnists. A.L."LUCKY" Lucketta : Editor
about | ads | blogs | contact | emergencies | faith | health | jobs | home | news | opinions | politics | sports | weather
The Porterville Post | On-Line News and Information | NWO Exposed Page

(Sept 25 2008) - It's Time to Abolish the Federal Reserve Bank
NEW WORLD ORDER EXPOSED : Post Editor - A. L. "LUCKY" Lucketta

For too many years, Conservative Republican's in the House of Representative, have warned us that this day would soon be upon us. They alerted each and every administration to no avail. Congressman McFadden gave his life for this cause and now Presidential Candidate and Congressman Ron Paul introduced in June of 2008 a bill to abolish the Federal Reserve Banking system.

Please contact Congressman Devin Nunes and let him know that he needs to get behind this bill and support Congressman Ron Paul.


Federal Reserve Board Abolition Act (Introduced in House)

HR 2755 IH

110th CONGRESS

1st Session

H. R. 2755

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

June 15, 2007

Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Federal Reserve Board Abolition Act'.

SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.

(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.

(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.

(c) Disposition of Affairs-

(1) MANAGEMENT DURING DISSOLUTION PERIOD- During the 1-year period referred to in subsection (a), the Chairman of the Board of Governors of the Federal Reserve System--

(A) shall, for the sole purpose of winding up the affairs of the Board of Governors of the Federal Reserve System and the Federal reserve banks--

(i) manage the employees of the Board and each such bank and provide for the payment of compensation and benefits of any such employee which accrue before the position of such employee is abolished; and

(ii) manage the assets and liabilities of the Board and each such bank until such assets and liabilities are liquidated or assumed by the Secretary of the Treasury in accordance with this subsection; and

(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks.

(2) LIQUIDATION OF ASSETS-

(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.

(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied.

(d) Report- At the end of the 18-month period beginning on the date of the enactment of this Act, the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.

About
Ads
Articles
Bail Jumpers
GANG INFO
Most Wanted
Blogs
Books
Columns
Contact
Emergency
Faith
Food
Health
Jobs
Issues
Letters
Links
Magazines
Miracles
Movies
News
Opinions
Politics
Stories
Sports
U.S. Troops
Estab. Jan 2008

Welcome to the newest on-line new service in the Porterville area. Our goal is to report the right news at the right time. In doing this, we believe that the community will get a greater sence of being connected.

The Right News @ The Right Time

Our second goal is to report above and beyond the main stream media.

Politically Inform and Educate

Our third goal is to politically inform and educate the public at lareg.

A Conservative Publication

The Porterville Post is a conservative publication and news service and when the Post makes a mistake in our reporting, we'll address it "Right Here" and if needed, with an appology. Please feel free to contact us with your comments or suggestions.

Writers | Columnists | Reporters

The Post, in the new few weeks, will be looking for new writers, columnists and reporters. We understand the need for new writers to have the chance of starting a new career and we'd like to offer a free internship at the Post.


about | ads | blogs | contact | emergencies | faith | health | jobs | home | news | opinions | politics | sports | weather
Top Ron Paul Sites Save the Net AddThis Social Bookmark Button StumbleUpon Creative Commons License Blog Directory 100 Blogs
The Porterville Post : Post Office Box 925 Porterville CA. 93258
For more Information - editor@portervillepost.com
The Porterville Post - Copyright © 2008
All Right Reserved
An American Newspaper