{
"item_title" : "The Expiation of the FED",
"item_author" : [" James Gilmore "],
"item_description" : "The Federal Reserve Act stipulates that all of the 12 Fed banks have reserves of gold certificates equal to 40% of Federal Reserve notes in circulation or equal to 35% of their deposits. In 1927 the Fed's original (1913 20-year franchise) was altered to read, perpetuity by the Congressional Act of February 25, 1927 (44 Stat. 1234): To have succession after February 25, 1927 until dissolved by Act of Congress or until forfeiture of franchise of violation of law,",
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The Expiation of the FED
Overview
The Federal Reserve Act stipulates that all of the 12 Fed banks "have reserves of gold certificates equal to 40% of Federal Reserve notes in circulation or equal to 35% of their deposits." In 1927 the Fed's original (1913 20-year franchise) was altered to read, perpetuity by the Congressional Act of February 25, 1927 (44 Stat. 1234): "To have succession after February 25, 1927 until dissolved by Act of Congress or until forfeiture of franchise of violation of law,"
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Details
- ISBN-13: 9781494936938
- ISBN-10: 1494936933
- Publisher: Createspace Independent Publishing Platform
- Publish Date: January 2014
- Dimensions: 11 x 8.5 x 0.46 inches
- Shipping Weight: 0.93 pounds
- Page Count: 176
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