Bitcoin Forum

Other => Politics & Society => Topic started by: mrvision on December 31, 2012, 12:03:38 AM



Title: Dollar no longer legal tender since Federal Reserve Act has expired?
Post by: mrvision on December 31, 2012, 12:03:38 AM
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.

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

UPDATE: Sombody just told me that this doesn't apply to the FED, so... whatever.



Title: Re: Dollar no longer legal tender since Federal Reserve Act has expired?
Post by: Snipes777 on January 02, 2013, 04:21:31 PM
Well, if you want, you can be free to send me over your useless FRN's so I can set them up in my ban... err... museum for old FRN's.

Rules are made so that those in power don't have to follow them. These arguments very much assume the leaders follow the rules, which the federal reserve wouldn't exist and wouldn't be printing paper as legal tender if they followed the "rules".