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Entry Submitted by Vee at 2:18 PM EDT on August 5, 2021
Nick Fleming: A Note, FDIC Statutory Powers 8-4-21
If the NESARA has been implemented and things are to be restored back to a Republic and to that of a physical monetary system and if the FED has been merged or absorbed into the Treasury .. and that being that the FDIC was a act under Title 12 – BANKS AND BANKINGCHAPTER 3 – FEDERAL RESERVE SYSTEM.
then it will be under the control of the Treasury no longer that of a private cartel as we are to believe it is/was.
https://www.law.cornell.edu/uscode/text/12/chapter-3/subchapter-I
- § 221. Definitions
- § 221a. Additional definitions
- § 222. Federal reserve districts; membership of national banks
- § 223. Number of Federal reserve cities in district
- § 224. Status of reserve cities under former statutes
- § 225. Federal reserve banks; title
- § 225a. Maintenance of long run growth of monetary and credit aggregates
- § 225b. Appearances before and reports to the Congress
- § 226. “Federal Reserve Act”
- § 227. “Banking Act of 1933”
- § 228. “Banking Act of 1935” https://www.law.cornell.edu/uscode/text/12/228
- The act of August 23, 1935, ch. 614, 49 Stat. 684, may be cited as the “Banking Act of 1935.”(Aug. 23, 1935, ch. 614, § 1, 49 Stat. 684.)
- https://govtrackus.s3.amazonaws.com/legislink/pdf/stat/49/STATUTE-49-Pg684.pdf
CHAPTER 3 – FEDERAL RESERVE SYSTEM
SUBCHAPTER V – FEDERAL DEPOSIT INSURANCE CORPORATION
From the U.S. Government Publishing Office, www.gpo.gov
https://www.govinfo.gov/content/pkg/USCODE-2010-title12/html/USCODE-2010-title12-chap3-subchapV.htm
Yes it was a legislation acting Statute … but for commercial (private) banking.
What is not known is what transpired and happened under the Revised Statutes.
sec. 5157
Vee
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