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TennisHodl
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Tennis & Bitcoin
Replying to Avatar Bulli0n

President Woodrow Wilson signed into law the Federal Reserve Act of 1913.

Before it reached his desk, many congressmen were coerced into believing it to be a โ€˜federal entityโ€™ given its name.

However, there is nothing โ€œfederalโ€ about the #FederalReserve. It is owned by 12 member banks spread across the US, who have โ€œsharesโ€ in it. The only part of the federal reserve that is controlled by Uncle Sam is when the president appoints its Chairman. As far as its actions & monetary policy, the Fed is not accountable to any branch of the federal government.

๐Ÿ…ต๐Ÿ†„๐Ÿ…ฝ ๐Ÿ…ต๐Ÿ…ฐ๐Ÿ…ฒ๐Ÿ†ƒ: ๐ƒ๐ข๐ ๐ฒ๐จ๐ฎ ๐ค๐ง๐จ๐ฐ ๐ญ๐ก๐ž ๐…๐ž๐๐ž๐ซ๐š๐ฅ ๐‘๐ž๐ฌ๐ž๐ซ๐ฏ๐ž ๐๐จ๐ž๐ฌ ๐ง๐จ๐ญ ๐ก๐š๐ฏ๐ž ๐š๐ง ๐ข๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐จ๐ซ ๐ ๐ž๐ง๐ž๐ซ๐š๐ฅ ๐š๐ฌ๐ฌ๐ข๐ ๐ง๐ž๐ ๐ญ๐จ ๐จ๐ฏ๐ž๐ซ๐ฌ๐ž๐ž ๐ข๐ญ๐ฌ ๐›๐ž๐ก๐š๐ฏ๐ข๐จ๐ซ ๐จ๐ง ๐›๐ž๐ก๐š๐ฅ๐Ÿ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ž๐ฑ๐ž๐œ๐ฎ๐ญ๐ข๐ฏ๐ž ๐›๐ซ๐š๐ง๐œ๐ก?

Instead they have their own, but is not accountable to the OIG. Even the CIA, the greatest & most clandestine intelligence agency in the world, has an inspector general assigned & appointed by the president. Americans are more likely to understand what goes on in the CIA than the Federal Reserve, because the Fed isnโ€™t accountable to anyone.

The constitution clearly states under Article I, Section 8, Clause 5:

[๐“๐ก๐ž ๐‚๐จ๐ง๐ ๐ซ๐ž๐ฌ๐ฌ ๐ฌ๐ก๐š๐ฅ๐ฅ ๐ก๐š๐ฏ๐ž ๐๐จ๐ฐ๐ž๐ซ . . . ] ๐“๐จ ๐œ๐จ๐ข๐ง ๐Œ๐จ๐ง๐ž๐ฒ, ๐ซ๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐ž ๐ญ๐ก๐ž ๐•๐š๐ฅ๐ฎ๐ž ๐ญ๐ก๐ž๐ซ๐ž๐จ๐Ÿ, ๐š๐ง๐ ๐จ๐Ÿ ๐Ÿ๐จ๐ซ๐ž๐ข๐ ๐ง ๐‚๐จ๐ข๐ง, ๐š๐ง๐ ๐Ÿ๐ข๐ฑ ๐ญ๐ก๐ž ๐’๐ญ๐š๐ง๐๐š๐ซ๐ ๐จ๐Ÿ ๐–๐ž๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐Œ๐ž๐š๐ฌ๐ฎ๐ซ๐ž๐ฌ; . . .

With that being said, the Federal Reserve Act of 1913 conflicts with the US Constitution. Only Uncle Sam, per the constitution & fully accountable to the American people, should be the ones responsible for the issuance & management of currency & the monetary system of the nation as a whole. It should not be handled by small elite factions behind closed doors (private banks), who are not accountable to anyone but themselves.

Even the founding fathers, such as Thomas Jefferson, warned of the dangers of the idea of a central bank (I.e. the Fed)

Benjamin Franklin mentioned the colonies inability to get power to issue their own money out of the hands of George III & international bankers was the ๐ฉ๐ซ๐ข๐ฆ๐ž ๐ซ๐ž๐š๐ฌ๐จ๐ง for the Revolutionary War. (Full quote below in the attached images)

#JFK issued a United States Note (executive order 11110) that was to be backed in full by gold, debt free & to be issued by the Treasury, not the Fed.

After his assassination, all notes were removed from circulation๐Ÿค”๐Ÿง. All that was left was the coins (issued by the US mint), which make up less than 1/1000th of the overall currency in circulation & the Federal Reserve Notes (make up the majority of currency)

#introductions

Which are the 12 member banks?

White house to finalise plans to penalize banks if they discriminate against crypto firmsโ€ฆ..should be bitcoin firms but hey we will get there eventuallyโ€ฆ.

https://cryptobriefing.com/crypto-banking-discrimination-white-house/

Weโ€™ve got so much work to doโ€ฆโ€ฆ.

Replying to Avatar Peter McCormack

Sorry, I don't use Primal much apart from posting podcasts but I thought I would share some of the work we are doing here trying to fix Bedford.

Beyond starting a football club and owning local businesses, I have become active in trying to fix the endless issues in the town.

We have economic issues, in that businesses are under pressure from the economic climate as well as growing government red tape. This is being compounded by a massive rise in anti-social behaviour. We have a plague of addiction issues, with large numbers of crackheads, alcoholics and shoplifters in the town. We have a rise in crime, including assaults on women.

This is not a good situation.

Two months ago I threatened the police, that if they did not fix the issue then I will. During August I am funding a private security initiative in the town, where 10 security guards will be deployed across the town as scarecrows, providing a security blanket for residents and businesses.

We have met with the local police and our activity will be coordinated with them. We are also trying to work with the local council too. I am considering establishing a shadow council in the town, outside of party politics, driving civic action.

Alongside the private security, we are building teams for cleaning, events and marketing to drive economic activity in the town.

I just thought I would share this. Bitcoin world has become a little stale to me, it is time to get out there and do things. The UK is pretty fucked at the moment so it is fight or flight time.

The next stage of bitcoiningโ€ฆโ€ฆgetting out there and making your local area better. Start closeโ€ฆ..

GM,

Arizona Governor Katie Hobbs showing us the โ€˜democracyโ€™ that exists in the US. Time for change though and nothing stops this train.

So happy for you and the team Peter! Proof of workโ€ฆโ€ฆkeep up with putting Bedford on the map.

So instead of being here for number go up, we are all here for human go up!

GM Hodl,

Something that has been bothering me recently is not if enough sats have been stacked (we know the answer is not enough). Itโ€™s that in order to keep them we must focus on ourselvesโ€ฆโ€ฆ.ie health, our craft, building a stable functional family etc. This is the ultimate goal of a bitcoiner, because stacking is not the challenge, itโ€™s keeping it that is, and for generations. Would love to pick your brain some time on thisโ€ฆ..

So basically if youโ€™re committing crimes and the President is ok with it, or commit all sorts of crimes on behalf, of a regime. All they have to do is pardon at the end of Presidency? And pretend the crimes never happened? True clown world!

If this is just the start of the year, there is going to be some crazy stuff going on in 2025. Just sit back, grab the pop corn, stay humble and stack stats.

Breaking news Nayib Bukele plays in public for the first time.

El Salvador making the right moves and also playing the IMF like a fiddle.

https://readwrite.com/usdt-stablecoin-issuer-tether-moves-to-el-salvador/

Bitcoin will not put an end to fiat currency. But Iโ€™m so excited to the world 10 years from now. And the journey is going to be wild!

Iโ€™m starting to see; strong behaviour changes in people, really fourth turning stuff.

Iโ€™ve got to the point in my bitcoin journey that none of this price action elicits any kind of a reaction from me. I also donโ€™t understand how people still have money left to buy the dips.