Godlike Productions - Discussion Forum
Users Online Now: 1,545 (Who's On?)Visitors Today: 157,083
Pageviews Today: 371,784Threads Today: 226Posts Today: 4,135
08:08 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2

 
Indiana Jones

User ID: 75034715
United States
12/24/2018 10:26 AM

Report Abusive Post
Report Copyright Violation
Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
2. Members ineligible to serve member banks; term of office; chairman and vice chairman
The members of the Board shall be ineligible during the time they are in office and for two years thereafter to hold any office, position, or employment in any member bank, except that this restriction shall not apply to a member who has served the full term for which he was appointed. Upon the expiration of the term of any appointive member of the Federal Reserve Board in office on the date of enactment of the Banking Act of 1935, the President shall fix the term of the successor to such member at not to exceed fourteen years, as designated by the President at the time of nomination, but in such manner as to provide for the expiration of the term of not more than one member in any two-year period, and thereafter each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President. Of the persons thus appointed, 1 shall be designated by the President, by and with the advice and consent of the Senate, to serve as Chairman of the Board for a term of 4 years, and 2 shall be designated by the President, by and with the advice and consent of the Senate, to serve as Vice Chairmen of the Board, each for a term of 4 years, 1 of whom shall serve in the absence of the Chairman, as provided in the fourth undesignated paragraph of this section, and 1 of whom shall be designated Vice Chairman for Supervision. The Vice Chairman for Supervision shall develop policy recommendations for the Board regarding supervision and regulation of depository institution holding companies and other financial firms supervised by the Board, and shall oversee the supervision and regulation of such firms. The chairman of the Board, subject to its supervision, shall be its active executive officer. Each member of the Board shall within fifteen days after notice of appointment make and subscribe to the oath of office. Upon the expiration of their terms of office, members of the Board shall continue to serve until their successors are appointed and have qualified. Any person appointed as a member of the Board after the date of enactment of the Banking Act of 1935 shall not be eligible for reappointment as such member after he shall have served a full term of fourteen years.


[12 USC 242. As amended by acts of March 3, 1919 (40 Stat. 1315); June 3, 1922 (42 Stat. 620); June 16, 1933 (48 Stat. 166); Aug. 23, 1935 (49 Stat. 704); November 16, 1977 (91 Stat. 1388); and act of July 21, 2010 (124 Stat. 2126). The Banking Act of 1935, referred to in this paragraph, became effective Aug. 23, 1935. Prior to the enactment of that act, the chairman and vice chairman of the Board of Governors of the Federal Reserve System were known as the governor and vice governor of the Federal Reserve Board, respectively. See note to the third paragraph of section 1. The act of November 16, 1977, amended the second sentence of this paragraph. The amendment takes effect on Jan. 1, 1979, and applies to individuals who are designated by the President on or after such date to serve as chairman or vice chairman. The act of July 21, 2010, designated a new Vice Chairman for Supervision.]

Last Edited by Indiana Jones on 12/24/2018 12:40 PM
Light travels faster than sound. This is why some people appear bright until you hear them speak
Works4Me

User ID: 63594739
United States
12/24/2018 10:28 AM
Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
Great find OP...probably should forward to the Trump organization. I would assume the lawyers there don't read statutes either
Six foot girl gonna sweat when she dig

Stand close to the fire, when they light the pig
Indiana Jones  (OP)

User ID: 75034715
United States
12/24/2018 10:33 AM

Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
Stumbled across it while looking up some other things. I found it very interesting. Very dry reading though...LOL
Light travels faster than sound. This is why some people appear bright until you hear them speak
PhallexJones

User ID: 77123135
United States
12/24/2018 10:47 AM
Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2

ok
"McDonald's is some of the best food you can find. But keep buying that overpriced bullshit from Whole Foods why don't ya?" anon
javierruizleon

User ID: 68049494
United States
12/24/2018 11:01 AM
Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
frb
Genesis-Acts,Hebrews-Revelation to the Jews
Romans-Philemon to the Church
Mid-Acts Pauline Dispensational Right Division
Anonymous Coward
User ID: 76953234
United States
12/24/2018 11:27 AM
Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
He would instantly be replaced by another ds banker.

Dismantle the fed!
Indiana Jones  (OP)

User ID: 75034715
United States
12/24/2018 11:53 AM

Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
He would instantly be replaced by another ds banker.

Dismantle the fed!
 Quoting: Neenerner


I am starting to think that could be the plan.
Light travels faster than sound. This is why some people appear bright until you hear them speak
Revo/elation

User ID: 57369630
United States
12/24/2018 11:53 AM

Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
5* work op!
Crypto-Tard

User ID: 69359666
United States
12/24/2018 12:08 PM

Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
5* and green for this find, OP. Pin request.

dancingmoving

This is bringing the Fed's illegal status to the attention of the public.

Everyone can now see the money manipulation that routinely happens with the Fed.

Trump needs to put out a tweet about Karl Marx's goals with a central bank, they are #5 in his ten planks for communism

" 5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly."

They not only determine the rates for credit, they can also turn off anyone's credit when there is a single source.
Everyone has a plan until they get hit in the face.

--Mike Tyson

I am a "conspiracy theorist.” I believe men and women of wealth and power conspire. If you don't think so, then you are what is called "an idiot.” If you believe stuff but fear the label, you are what is called "a coward.”

--David B Collum

"The point of modern propaganda isn't only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth."

--Garry Kasparov
Forever.the.Student

User ID: 77032881
United States
12/24/2018 12:17 PM

Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
Nicely done, OP...

5 gold stars
"Things are more like they are right now than they ever have been." - Dwight D. Eisenhower

In religion and politics people’s beliefs and convictions are in almost every case gotten at second-hand, and without examination, from authorities who have not themselves examined the questions at issue but have taken them at second-hand from other non-examiners, whose opinions about them were not worth a brass farthing - Mark Twain

it's all mental masturbation.

Seeing through the game isn't winning the game !

"There are a thousand hacking at the branches of evil to one who is striking at the root." - Henry David Thoreau
Indiana Jones  (OP)

User ID: 75034715
United States
12/24/2018 09:08 PM

Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
bump
Light travels faster than sound. This is why some people appear bright until you hear them speak
Abi ~

User ID: 77216778
United States
12/24/2018 10:09 PM

Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
trumpclappa
You accept the love you think you deserve~~~

Love cannot live where there is no trust~~~

Truth has no temperature~~~

Love like it's never gonna hurt~~~

Have no regrets~~~
Jake

User ID: 76890717
United States
12/24/2018 10:20 PM
Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
Post it on his twitter
Revelation 18:23
For they were great men of the earth, by their Pharmaceuticals were all nations deceived!
Jake

User ID: 76890717
United States
12/24/2018 10:20 PM
Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
He would instantly be replaced by another ds banker.

Dismantle the fed!
 Quoting: Neenerner


I am starting to think that could be the plan.
 Quoting: Indiana Jones


if he can fire one he can fire them all
Revelation 18:23
For they were great men of the earth, by their Pharmaceuticals were all nations deceived!
JuliusPerving

User ID: 73511827
United States
12/24/2018 10:21 PM
Report Abusive Post
Report Copyright Violation
Re: Trump CAN fire Fed Governors - Federal Reserve Act Sec 10 #2
He needs them to run up the destruction to 0 on the markets. Then he can dissolve the fed. End the Fed!
JuliusPerving





GLP