by California Lawyer
TF Metals Report
Why this post?
From time to time it comes up that someone thinks that the FED has debased the currency, which is fraud and theft, and therefore thinks it is a good idea to lawyer-up and sue the FED or its mouthpieces such as Ben Bernanke, or Ole’ Yellen. The legal theories of recovery stretch from the mundane (fraud/theft) to the extremely creative (Qui Tam). So, what’s the problem? They CAN be sued, right? Well, yes, technically, they CAN be sued. But ultimately, the lawsuits will be dismissed upon motion, which motion to dismiss will be granted, and whoever decided to sue will be stuck paying the costs of the ill-fated adventure into the hallowed marble edifices of the regime, known more commonly as United States Federal Court.
Any fraud or theft lawsuit against the FED have, and will, all share a common element: they ALL have zero chance of recovery, for many reasons, philosophically, practically, and more importantly, factually and legally.