BILLS OF EXCHANGE are securities, it still the law! Description below
Channel: RedressRight
Date: 2023-03-23

ftp://eeon%2540satcomm911.com/PDFS/1.%20A%20Legal%20Understand%20ing/Federal%20Reserve%20act%20section%20401%20subsection%2018%20paragraph%20number%206%20statute%20at%20large%2048%20stat%206.pdf

ftp://eeon%2540satcomm911.com/PDFS/1.%20A%20Legal%20Understand%20ing/A%20Promissory%20Note/ChatGpt%20%20%20%20UNCITRAL%20INTERNATIONAL%20BILL%20OF%20EXCHANGE.pdf

Here is the text of the relevant amendment to the Federal Reserve Act, as it appears on page 6  of Volume 48 of the Statutes at Large:

"That the sixth paragraph of section 18 of the Federal Reserve Act is amended to read as follows:

'Sec. 18. That the right to amend, alter, or repeal this Act is hereby expressly reserved.

"In addition to the authority hereinbefore conferred upon the Federal Reserve Board, the said Board shall have power to permit or require any Federal Reserve bank to rediscount the discounted paper of other Federal Reserve banks at rates of interest to be fixed by the Federal Reserve Board.

"Any Federal Reserve bank may make application to the local Federal Reserve Board for such amounts of the Federal Reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal Reserve agent of collateral in amount equal to the sum of the Federal Reserve notes thus applied for and issued pursuant to such application. The collateral security thus offered shall be notes, drafts, bills of exchange, or acceptances acquired under the provisions of this Act, or bills of exchange indorsed by a member bank of any Federal Reserve district and purchased under the provisions of section thirteen of this Act, or bankers' acceptances purchased under the provisions of said section thirteen, or United States certificates of indebtedness, or other such obligations as the Federal Reserve Board may approve. The Federal Reserve agent shall thereupon issue to such bank the Federal Reserve notes thus applied for and the amount of the collateral security so deposited, less the charges provided by law for issuing the same. The notes so issued shall be obligations of the Federal Reserve bank and shall be redeemable in gold or lawful money at the discretion of the Federal Reserve Board.

"Federal Reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal Reserve banks through the Federal Reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal Reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in gold on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or in gold or lawful money at any Federal Reserve bank.

"It shall be unlawful for any person, partnership, or corporation to falsely make, forge, counterfeit, mutilate, or alter any note, draft, bill of exchange, or other security issued, or purporting to have been issued, by any Federal Reserve bank, or to make, produce, or knowingly use any such false, forged, counterfeited, mutilated, or altered note, draft, bill of exchange, or other security, or to pass, utter, or publish, or attempt to pass, utter, or publish, any false, forged, counterfeited, mutilated, or altered obligation or other security of the United States, or of any foreign government, corporation, or association, or any part thereof, with intent to defraud any person, partnership, or corporation, or to defraud the United States, or any agency thereof, whether or not any such United States security mentioned herein has become an obligation of such person, partnership, or corporation."

Just think about it! Knowledge is your most valuable resource, do not waste it by allowing it to be contaminated with "Useless Bandini"-

                                    Remember "Bandini is the word for fertilizer!"
Please see our Disclaimer located here 


Notice of CHANGE in Terms and Conditions
https://satcomm911.com/Terms.html