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The Expiation of the FED|James Gilmore

The Expiation of the FED

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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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