We The People files lawsuit to stop AIG bailout

Posted on September 18th, 2008 by bile Tags: , , , , , , , , , , , , , , , , , , ,

From the email I just received:

On the day following the 221st anniversary of the signing of the U.S. Constitution, WTP Chairman and constitutional activist Robert Schulz today filed a federal lawsuit in United States District Court in Albany seeking to halt the execution of the emergency bailout of American International Group, Inc. (AIG) by the United States Government and the Federal Reserve.

The lawsuit asserts that the commitment of public funds and credit for the direct benefit of privately owned AIG is an ultra vires action by the United States Government and Federal Reserve, i.e., beyond the limited legal authority granted by the Constitution. The lawsuit asks for a “show cause” hearing demanding that the Government produce evidence of its legal authority to commit public funds for such a purpose, as well as emergency and permanent injunctions halting the bailout transaction.

Beyond the Constitutional deficiencies, the bailout establishes a dangerous precedent enabling the Fed and/or Government to nationalize virtually any business or property within the United States without legal authority or congressional approval.

The defendants include the Federal Reserve System, Fed Chairman Ben Bernanki, the U.S. Treasury, Treasury Secretary Hank Paulson Jr. and the United States Government.

The WTP Foundation today issued a press release citing Schulz:

“Beyond the moral hazard and dangerous precedent established by this action, it is of vital importance that the American people recognize that the present financial crisis is a direct and predictable result of decades of constitutional violations by the Federal  Government.  Through a long-standing policy of disinformation and collusion with the Federal Reserve and Wall Street financial elite, the United States Federal Government has denied public access to information about the secretive operations of the privately owned and operated Federal Reserve and its monopoly control of America’s money system.

“This monopoly control of our currency by a private banking cartel has resulted in increasing distortion, volatility and cyclical (boom and bust) economic conditions in the U.S. and abroad.  America’s fiat currency (produced from thin air) is manipulated by the Federal Reserve for the benefit of its owners, major Wall Street financial institutions and the Federal Government and is not unaccountable to the taxpayers. These abuses of the Constitution have taken our financial system to edge of the abyss. The chickens have come home to roost.”  Click here to read the Complaint, the Memorandum of Law supporting the TRO, and Schulz’s Declaration which includes several recent articles from the New York Times.

As the announcer from Smash TV once said: Good luck! You’ll need it!

This won’t get anywhere but it’s nice to see someone is trying.

FSP’s Liberty Forum Day Two

Posted on January 5th, 2008 by bile Categories and Tags: Uncategorized, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
  • 10:00AM Sharon Harris from Advocates for Self-Government gave the opening speech this morning. She talked about how the liberty movement needs to start working toward honing our delivery of the freedom message. Libertarians, especially those who are active in the movement, tend to be more abstract thinkers. More logical progression of ideas whereas the majority of people are more emotional “think with the heart” types. We talk about abstract rights and wrongs and less practical examples but we need practical real world examples for those who aren’t generally like us.
  • Chris Lawless informs us the hotel doesn’t want us to open carry.
  • We ran into Glen Jacobs very briefly. He is better known as Kane from the WWE. He’s fairly well known as a libertarian and recently publicly supported Ron Paul for President. I believe he is also a member of the FSP. We unfortunately didn’t get an opportunity to get a photo with him but if he’s still around tomorrow or Sunday we surely will.
  • 12PMish xyz and I checkin to the hotel and while walking out to the car we see the John McCain’s campaign bus. While walking in we discuss stopping Mr. McCain and telling him that after his argument with Romney over whether or not water boarding is torture we decided to try it out ourselves and agreed with him that it indeed torture. As we walk through the automatic doors into the lobby and are talking about this I nearly run into McCain as my head is turned talking to xyz behind me. I got out of the way in time however and diverted my knocking over of a 72y/o presidential candidate which would have been picked up on the camera which was following him.
  • 1:00PM xyz and myself attend Gardner Goldsmith’s presentation on immigration. I listen to his radio show so little was new but it’s very enjoyable to interact with fellow Liberty Forum attendees in asking questions and whatnot. Robert Schulz of We the People Foundation also gave a very good lecture I heard. xyz and I did however get a chance to talk with him while waiting in line for dinner.
  • 2:30PM I attended Don Gorman’s lecture on Becoming an Effective Activist but it effectively was a sales pitch for the FSP and how easy it is to participate in politics and protest in NH. xyz attended Peter Bagge’s presentation on his work for Reason Magazine and his art in general.
  • 4:00PM Thomas Eddlem gave a lecture on how the current administration has been disobeying the Constitution. Particularly the 4th, 6th, and 8th Amendments. He however blew things out of proportion a bit in describing how it could be used against the average citizen. While it’s certainly an issue to say that it’s just as probable that I would be locked up and the key thrown away without trial is the same as some guy picked up who has the same name as a known terrorist and himself has a criminal record is ridiculous.
  • Chatted with another Libertarian Party presidential candidate: Michael P. Jingozian. Reminded him that I believe he was invited to the Manhattan LP’s Annual Convention. He said he forgot to look into whether he could attend and took some contact info. We’ll see.
  • Nearly had dinner with Gardner but it turned out the table we picked already was filled besides the two chairs we picked. However, those who had reserved those seats were people we had previously had discussions with during the cocktail hour. Including Ed Hudgins from The Atlas Society. Talked about hard money.
  • The keynote speaker for the evening was Bernard von NotHaus of the Liberty Dollar. He came out dressed as the ghost of a Revolutionary solder, Capt. Roughseas, who was sent by the Founding fathers informing us to take care of this fiat money system that’s corrupted the US. Complete with sabre. It was a bit odd but generally entertaining. Nothing that probably more than half of them in attendance hadn’t heard before.

Dave Ridley’s Ridley Reports from the first night:



No Legislation Without Representation Conference

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