Saturday, March 29, 2008

Federal Reserve Seeks Broad Authority to Oversee “Financial Market Stability”

The Constitution grants the Federal Government the responsibility of regulating interstate commerce. But the states must maintain their own rights, and the other articles of the Constitution may not be violated in this effort.

The institutions of our Federal Reserve and IRS do not have these rights in the first place as they work through unConstitutional laws, such as the collection of Federal income tax, which is legally unfounded.

I am concerned that this measure will lead to a more aggressive attack on our civil liberties. Basically the Federal Reserve does not have the ability nor the right to oversee 'broad market stability', and asking for it is asking to violate other rights in favor of corporations.

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Ancient proverb
"You can never step into the same river twice."

"No two people can look at the same river."
William Bunker