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Ron Paul Introduces Legislation to Abolish the Federal Reserve

Rep. Ronald Paul has been getting kudos left, right and center for his anti-war stance but lets not forget his overall libertarian stance on most issues.

On Friday, Rep. Paul introduced H.R. 2755 To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes. The text of this bill is not yet available on-line but Rep. Paul introduced a similiar bill back in July of 2003 which never even made it into committee.

In the next round of debates I think Rep. Paul should have to explain indepth his reasoning for calling for the abolishment of the Federal Reserve. Inquiring minds would like to know

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269 Responses to “Ron Paul Introduces Legislation to Abolish the Federal Reserve”

  1. He probably wants to go back to the gold standard. Bla, bla, bla…

    JMJ

  2. That or he feels the whole reserve is unconstituti onal.

    I think there are bigger things to be concerned about right now instead of preoccupying yourself with ripping down an institution that has been around since the early 1900s.

  3. You guys are missing the point. If it were not for the government’s monopoly over the printing of “money,” none of these destructive shenanigans would be possible. No war for Oil, no war on drugs, poverty, yadda. The gold standard would be an incredible constraint on Federal Government action, which is almost universally misguided and bad. The people who rail against the gold standard are those who think the Federal Government should be doing all of these things that it does, and completely gloss over the fact that the Feds haven’t won any war since WWII (which bankrupted the country, as well, gee sounds familiar).

    Everybody acts like this is some sort of quaint anachronism, but history shows every single time the government gets control over the money supply to the extent that it can, at will, debase the currency, bad things happen. Lots of bad things.

  4. Oh, c’mon Bret. “History” shows no such thing. The Fed, if anything, IS the “restraint” on the overproducti on of money. With gold, we would be more at the mercy of internationa l exchanges than now. It is a “quaint anachronism. ” Plenty of governments have done just fine without it, and there are plenty of examples of “destructive shenanigans” with it. And to say that the federal government action is “almost universally misguided and bad” is ridiculous, paranoid hyperbole. And to blame the Fed on the failures of Vietnam and the Iraq war is just inanely silly. We “lost” those wars because they were never our’s to “win.”

    Get real.

    JMJ

  5. “I think there are bigger things to be concerned about right now instead of preoccupying yourself with ripping down an institution that has been around since the early 1900s.”

    I dunno, SteveO, it doesn’t matter how old it is-there are many a clause I would like to see amended in the Constitution itself.

    All I know about the danger of the Fed is what I’ve read from Bircher types. They say the Fed was responsible for the Depression, and that the boom bust cycle can now be manipulated by a few very powerful men. When you think about it, it is something of an ominous institution that is out of the reach of democracy, I think that is where Paul may be coming from, but I don’t suppose I know.

    He was right about Iraq before Iraq. I tend to listen, but with caution to Ron Paul.

  6. The Federal Reserve is a private company that we pay to print our money. We pay it interest to use our own money. It’s the interest which is killing us since it adds to the national debt and creates inflation. Since the Federal Reserve prints all the money the govt. wants, Congress in fact reports to the Feds rather than to us. That’s why it has to be abolished. We don’t need to go on the gold standard. We just need to regain control of our own money and get it out of private hands.

  7. Current fiat paper money is based on debt not any kind of gold standard. JFK was trying to implement the sliver standard for a $2 bill. Corporate banksters didn’t like that.

  8. If you can’t turn cheap paper and some ink into endless reams of “money” Then allot changes.

    Like running the printing press at double speed to finance a needless war & line the pockets of your pals in the defense industry.. then hang Americans and their children with the trillion dollar bill for it.

    The problem is he’ll never get enough face time to explain this properly. They’ll just paint him like some kind of nut and dismiss him.

    At this time, it’s a bad move politically. He needs to speak of “looking at” ideas like this till he’s elected.

    Once in office, he has power of the office of the President to engage, inform and properly explain moves like this one to the public.

  9. I think you are all missing the point. The federal reserve is predominantl y a cabal of private banking interests. The monetary system of our country is run by an elite group of bankers instead of by and for the people. The federal reserve is, and always has been, a corrupt organization which ensures the survivorship of non-meritori ous class system which we all live under. I would like to suggest some reading and listening material:

    1) http://www.a ntiscia.com/ wizardsofmon ey/

    2) http://www.a mazon.com/Se crets-Temple -Federal-Res erve-Country  /dp/0671675 567

    3) Google Books

  10. JMJ:
    Since you pontificate to know so much (little) about governments ‘historicall y’ doing fine without a gold monetary standard, why don’t you provide evidence of this?

    Since does when fiat money, which has zero oversight now (M3 aggregate) regarding how much is being printed and dumped into the system, been “just fine” in maintaining a stable economy?

    World Wars didn’t exist until after the Federal Reserve and Federal Income Tax were illegally put in place. Think about that, bonehead.

  11. Spot on Jimbo. I’d like to add some more documentarie s to that:

    The Money Masters: How Internationa l Bankers Gained Control Of America:

    (3.5 hours)

    The Money Masters also proposes very simple solutions that have nothing to do with returning to a gold standard.

    Also:

    Money as Debt:

  12. It amazes me here, and on so many forums. Folks with strong
    opinions and no facts have no internal barometer to tell them
    “I’m in over my head”.

    For all the folks cheering on the Fed: Read “Creature From Jekyll
    Island”.

    It’s a private corporation, run by bankers, which prints money, hides
    the statistics regarding same (e.g. M3), and has *itself* admitted it
    caused the Great Depression (Greenspan, Bernanke).

    I don’t begrudge anyone their opinion, but you’d all be a bit more
    thought-prov oking if you had some background. Any background.

  13. only a man truly concerned with the people would introduce a bill like this. Ron Paul is opening the debate and enlightening the voters and will prove to Americans that they are getting screwed financially with actions like this…GO RON PAUL!!!

  14. First off, folks, the FEDERAL RESERVE DOES NOT PRINT MONEY!

    And further, Frank, WE DO NOT “pay it interest to use our own money.” So please read about the FEd before you make such assertions.

    BTI, oh yeah, you’re right. I’m just an ol’ histroy major maried to a history teacher who worked in internationa l trade for a decade. What the hell would I possibly know about such things???

    I’m not going to get into the entire history of the gold standard, gold reserves, and the fiat here. I don’t have 3 hours to blow. But let’s just put it this way - if you want to talk about crazy wars, Germany had the statndard throughout their insane years. We had the statndard during our colonial era during the turn of the last century and those wars were all disasters or led to disasters. So if you want to put use war as a reason to go back to gold, you are without precedent.

    To say tat the fiat does noty have “oversight” is pointless. The fiat is simply a measurement, not a physical thing unto itself. It’s like “evolution.”   Evolution is simply a measurement for “change over time.” As economies evolve, the nature of the fiat changes, and interest rates (here comes the Fed) and the price of money is adjusted to keep up with our perceived measurements of the fiat.

    Look, read about why we got rid of the standard, note some of the similarities in todays world, then come back with an educated argument about the fiat and the standard.

    Oh, and we didn’t start the “world wars,” idiot.

    JMJ

  15. This may be closing the barn door after the horses have been let out and eaten by hungry wolves. The federal reserve note is toast and the rest of the world knows it. No fiat currency has lasted over 100 years. Time is up for the federal reserve.

  16. Jersey McJones; sorry, but you don’t know how wrong you are. And the fact that you are supposedly a history major just makes it worse. But, it’s often the way - those who are most highly educated (”indoctrina ted”) are the least open to admitting they’re wrong. Insead of bleating on about your qualificatio ns, read some SPECIFIC history - start with the history of the House of Rothschild, which I imagine you probably know nothing about.

  17. Only an idiot would not understand the ramification s of this.If you folks could only understand that this is where all your debt problems are coming from. This is your debt model, where the bankers create wealth out of thin air, and misery for you and I.
    If the Federal Resrve act is abolished, The US will no longer have to borrow their own money with interest. The economists out there will know what I am talking about, the people with liberal arts degrees will say, “There are more important issues out there”.

  18. The Fed Reserve is a PRIVATE bank that lends fiat currency to the USA govt which then raises taxes to pay back said loans to the fed. The Fed is the daddy of the Petrodollar.

    You know that secret agreement brokered by Kissinger (after the $ fell off the gold standard in 1971) with the Saudis (as swing producer able to flood the market & destroy anyone defying their policy) that ALL oil be sold in $ in exchange for `protection’ . THIS gave the USA an unlimited credit card enabling it to pass off the costs of its institutioan lised hyperinflati on ($9Trillion nat debt, $60Trillion accumalated other liabilies as per Brookings Institute estimates & the $370Trillion derivatives pyramid) onto the rest of humanity just by PRINTING $$$ & fund the army that protects the Petrodollar  (costing more than rest of world’s combined) via the same printing press.

    Now the more cynical of you will be thinking `awesome’! BUT.

    The purpose of this is to enable the USA to export its inflation to the rest of the world (in exchange for IoU’s called treasury bonds, really IFUs); eg THIS is why USA doesn’t produce anything anymore, because you don’t want those $$$ to return fuelling VISIBLE as opposed to INSTITUTIONA LISED inflation. This is also why you are surrendering California for AZTLAN, because your elite’s need to keep the oil sold in $$$ to preserve the $ global reserve status, the source of their (not Your) geo strategic political economic power & wealth. The surrender of California keeps YOUR psycho political focus divided. You find it MUCH harder to wage war on 2 fronts, against your elites AND unrestrained migration, so you appeal pathetically to said elites `WHY don’t you halt immigration? ’

    Answer, because for these useless & crazy plutocrats it is not only a Q of cheap labor but MORE importantly preventing you tearing their throats out. it is literally a matter of life & death for them to preserve control of the geo political economic & strategic agenda by selling the USA to the devil. it is like a plate spinner that has to keep this unnatural state of affairs going to prevent the crash.

    Well, the imperium WILL crash. & when it does, your all gonna have to work damned hard to convince the rest of the world its in their interests to keep you alive. because you aren’t going to have any money to actually pay for the oil. So here’s the deal.

    Establish the Common Ownership of Information  (every 3rd world peasant to have access to every book/ piece of technical info ever produced on a wind up wifi laptop from MIT) in exchange for the oil remaining on long enough to effect the transition to solar powered microgenerat ion (without the oil the info is lost & without the info the oil is worthless). The correspondin g substantive sovereignty of the individual can thence be pooled to effect control over our energy based (I agree, gold IS inhrently deflationary  , but for Christjesus sakes’ no one is going to accept fiat $$$ anymore) currencies…

    Meyer Rothschidl: `Give me control over a nations’ currency & I care not who writes its’ laws’.

    …establishin g a tough basic constittuion al fabric able to martial locally & globally in realtime to repel the machinations of any cabal of banksters, energy barons & secureaucrat s out to plunder private & public wealth.

    In the interim support Ron Paul in exposing this Fed Reserve scam, because it will help to expose what the Petrodollar wars are all about. & the rest of the world will not forgive you if you engage in nuke war to prop up the petrodollar. There will be no deals thence, only the destruction of everyone’s children through the logic of MAD…

  19. Jersey Mcjones, like so many others, you spout off lies about the Fed thinking you are in the know when you really aren’t (in other words, I don’t think you do it out of mallace but rather ignorance).

    The Fed creates the money. The gov’t borrows the money at an interest rate. The american people pay off the interest with the Income tax. Yes, the income tax goes straight to the interest to pay off the loan when the gov’t itself has the power to make the money.

    Go watch America: Freedom to Fascism, then read Creature from Jekyll Island (Griffin) and Secrets of the Federal Reserve (mullens).

    Post your corrections when you do.

  20. The following is a conversation with Mr. Ron Supinski of the Public Information Department of the San Francisco Federal Reserve Bank. This is an account of that conversation .

    CALLER - Mr. Supinski, does my country own the Federal Reserve System?

    MR. SUPINSKI - We are an agency of the government.

    CALLER - That’s not my question. Is it owned by my country?

    MR. SUPINSKI - It is an agency of the government created by congress.

    CALLER - Is the Federal Reserve a Corporation?

    MR. SUPINSKI - Yes

    CALLER - Does my government own any of the stock in the Federal Reserve?

    MR. SUPINSKI - No, it is owned by the member banks.

    CALLER - Are the member banks private corporations  ?

    MR. SUPINSKI - Yes

    CALLER - Are Federal Reserve Notes backed by anything?

    MR. SUPINSKI-Yes  , by the assets of the Federal Reserve but, primarily by the power of congress to lay tax on the people.

    CALLER - Did you say, by the power to collect taxes is what backs Federal Reserve Notes?

    MR. SUPINSKI - Yes

    CALLER - What are the total assets of the Federal Reserve?

    MR. SUPINSKI - The San Francisco Bank has $36 Billion in assets.

    CALLER - What are these assets composed of?

    MR. SUPINSKI - Gold, the Federal Reserve Bank itself and government securities.

    CALLER - What value does the Federal Reserve Bank carry gold per oz. on their books?

    MR. SUPINSKI - I don’t have that information but the San Francisco Bank has $1.6 billion in gold.

    CALLER - Are you saying the Federal Reserve Bank of San Francisco has $1.6 billion in gold, the bank itself and the balance of the assets is government securities?

    MR. SUPINSKI - Yes.

    CALLER - Where does the Federal Reserve get Federal Reserve Notes from?

    MR. SUPINSKI - They are authorized by the Treasury.

    CALLER - How much does the Federal Reserve pay for a $10 Federal Reserve Note?

    MR. SUPINSKI - Fifty to seventy cents.

    CALLER - How much do they pay for a $100.00 Federal Reserve Note?

    MR. SUPINSKI - The same fifty to seventy cents.

    CALLER - To pay only fifty cents for a $100.00 is a tremendous gain, isn’t it?

    MR. SUPINSKI - Yes

    CALLER - According to the US Treasury, the Federal Reserve pays $20.60 per 1,000 denomination or a little over two cents for a $100.00 bill, is that correct?

    MR. SUPINSKI - That is probably close.

    CALLER - Doesn’t the Federal Reserve use the Federal Reserve Notes that cost about two cents each to purchase US Bonds from the government?

    MR. SUPINSKI - Yes, but there is more to it than that.

    CALLER - Basically, that is what happens?

    MR. SUPINSKI - Yes, basically you are correct.

    CALLER - How many Federal Reserve Notes are in circulation?

    MR. SUPINSKI - $263 billion and we can only account for a small percentage.

    CALLER - Where did they go?

    MR. SUPINSKI - Peoples mattress, buried in their back yards and illegal drug money.

    CALLER - Since the debt is payable in Federal Reserve Notes, how can the $4 trillion national debt be paid-off with the total Federal Reserve Notes in circulation?

    MR. SUPINSKI - I don’t know.

    CALLER - If the Federal Government would collect every Federal Reserve Note in circulation would it be mathematical ly possible to pay the $4 trillion national debt?

    MR. SUPINSKI - No

    CALLER - Am I correct when I say, $1 deposited in a member bank $8 can be lent out through Fractional Reserve Policy?

    MR. SUPINSKI - About $7.

    CALLER - Correct me if I am wrong but, $7 of additional Federal Reserve Notes were never put in circulation. But, for lack of better words were “created out of thin air ” in the form of credits and the two cents per denomination were not paid either. In other words, the Federal Reserve Notes were not physically printed but, in reality were created by a journal entry and lent at interest. Is that correct?

    MR. SUPINSKI - Yes

    CALLER - Is that the reason there are only $263 billion Federal Reserve Notes in circulation?

    MR. SUPINSKI - That is part of the reason.

    CALLER - Am I mistaking that when the Federal Reserve Act was passed (on Christmas Eve) in 1913, it transferred the power to coin and issue our nation’s money and to regulate the value thereof from Congress to a Private corporation. And my country now borrows what should be our own money from the Federal Reserve (a private corporation) plus interest. Is that correct and the debt can never be paid off under the current money system of country?

    MR. SUPINSKI - Basically, yes.

    CALLER - I smell a rat, do you?

    MR. SUPINSKI - I am sorry, I can’t answer that, I work here.

    CALLER - Has the Federal Reserve ever been independentl y audited?

    MR. SUPINSKI - We are audited.

    CALLER - Why is there a current House Resolution 1486 calling for a complete audit of the Federal Reserve by the GAO and why is the Federal Reserve resisting?

    MR. SUPINSKI - I don’t know.

    CALLER - Does the Federal Reserve regulate the value of Federal Reserve Notes and interest rates?

    MR. SUPINSKI - Yes

    CALLER - Explain how the Federal Reserve System can be Constitution al if, only the Congress of the US, which comprises of the Senate and the House of representati ves has the power to coin and issue our money supply and regulate the value thereof? [Article 1 Section 1 and Section 8] Nowhere, in the Constitution does it give Congress the power or authority to transfer any powers granted under the Constitution to a private corporation or, does it?

    MR. SUPINSKI - I am not an expert on constitution al law. I can refer you to our legal department.

    CALLER - I can tell you I have read the Constitution . It does NOT provide that any power granted can be transferred to a private corporation. Doesn’t it specifically state, all other powers not granted are reserved to the States and to the citizens? Does that mean to a private corporation?

    MR. SUPINSKI - I don’t think so, but we were created by Congress.

    CALLER - Would you agree it is our country and it should be our money as provided by our Constitution  ?

    MR. SUPINSKI - I understand what you are saying.

    CALLER - Why should we borrow our own money from a private consortium of bankers? Isn’t this why we had a revolution, created a separate sovereign nation and a Bill of Rights?

    MR. SUPINSKI - (Declined to answer).

    CALLER - Has the Federal Reserve ever been declared constitution al by the Supreme Court?

    MR. SUPINSKI - I believe there has been court cases on the matter.

    CALLER - Have there been Supreme Court Cases?

    MR. SUPINSKI - I think so, but I am not sure.

    CALLER - Didn’t the Supreme Court declare unanimously in A.L.A. Schechter Poultry Corp. vs. US and Carter vs. Carter Coal Co. the corporative- state arrangement an unconstituti onal delegation of legislative power? [”The power conferred is the power to regulate. This is legislative delegation in its most obnoxious form; for it is not even delegation to an official or an official body, presumptivel y disintereste d, but to private persons.” Carter vs. Carter Coal Co…]

    MR. SUPINSKI - I don’t know, I can refer you to our legal department.

    CALLER - Isn’t the current money system a house of cards that must fall because, the debt can mathematical ly never be paid-off?

    MR. SUPINSKI - It appears that way. I can tell you have been looking into this matter and are very knowledgeabl e. However, we do have a solution.

    CALLER - What is the solution?

    MR. SUPINSKI - The Debit Card.

    CALLER - Do you mean under the EFT Act (Electronic Funds Transfer)? Isn’t that very frightening, when one considers the capabilities of computers? It would provide the government and all it’s agencies, including the Federal Reserve such information as: You went to the gas station @ 2:30 and bought $10.00 of unleaded gas @ $1.41 per gallon and then you went to the grocery store @ 2:58 and bought bread, lunch meat and milk for $12.32 and then went to the drug store @ 3:30 and bought cold medicine for $5.62. In other words, they would know where we go, when we went, how much we paid, how much the merchant paid and how much profit he made. Under the EFT they will literally know everything about us. Isn’t that kind of scary?

    MR. SUPINSKI - Yes, it makes you wonder.

    CALLER - I smell a GIANT RAT that has overthrown my constitution . Aren’t we paying tribute in the form of income taxes to a consortium of private bankers?

    MR. SUPINSKI - I can’t call it tribute, it is interest.

    CALLER - Haven’t all elected officials taken an oath of office to preserve and defend the Constitution from enemies both foreign and domestic? Isn’t the Federal Reserve a domestic enemy?

    MR. SUPINSKI - I can’t say that.

    CALLER - Our elected officials and members of the Federal Reserve are guilty of aiding and abetting the overthrowing of my Constitution and that is treason. Isn’t the punishment of treason death?

    MR. SUPINSKI - I believe so.

    CALLER - Thank you for your time and information and if I may say so, I think you should take the necessary steps to protect you and your family and withdraw your money from the banks before the collapse, I am.

    MR. SUPINSKI - It doesn’t look good.

    CALLER - May God have mercy on the souls who are behind this unconstituti onal and criminal act called the Federal Reserve. When the ALMIGHTY MASS awakens to this giant hoax, they will not take it with a grain of salt. It has been a pleasure talking to you and I thank you for your time. I hope you will take my advice before it does collapse.

    MR. SUPINSKI - Unfortunatel y, it does not look good.

    CALLER - Have a good day and thanks for your time.

    MR. SUPINSKI - Thanks for calling.

    If the reader has any doubts to the validity of this conversation  , call your nearest Federal Reserve Bank, YOU KNOW THE QUESTIONS TO ASK! You won’t find them listed under the Federal Government. They are in the white pages, along with Federal Express, Federal Deposit Insurance Corp. (FDIC), and any other business. Find out for yourself if all this is true.

    And then, go to your local law library and look up the case of Lewis vs. US, case #80-5905, 9th Circuit, June 24, 1982. It reads in part: “Examining the organization and function of the Federal Reserve Banks and applying the relevant factors, we conclude that the federal reserve are NOT federal instrumental ity’s . . but are independent and privately owned and controlled corporations - federal reserve banks are listed neither as “wholly-owne d’ government corporations  [under 31 USC Section 846] nor as ‘mixed ownership’ corporations  [under 31 USC Section 856] . . . 28 USC Sections 1346(b), 2671. ‘

    Federal agency’ is defined as: the executive departments, the military departments, independent establishmen ts of the United States, and corporations acting primarily as instrumental ity’s of the United States, but does not include any contractors with the United States . . . There are no sharp criteria for determining whether an entity is a federal agency within the meaning of the Act, but the critical factor is the existence of the federal government control over the ‘detailed physical performance’ and ‘day to day operations’ of that entity.

    Other factors courts have considered include whether the entity is an independent corporation . . . whether the government is involved in the entity’s finances, . . . and whether the mission of the entity furthers the policy of the United States . . . Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumental ities …

    It is evident from the legislative history of the Federal Reserve Act that Congress did not intend to give the federal government direction over the daily operation of the Reserve Banks . . . The fact that the Federal Reserve Board regulates the Reserve Banks does not make them federal agencies under the Act . . . Unlike typical federal agencies, each bank is empowered to hire and fire employees at will. Bank employees do not participate in the Civil Service Retirement System. They are covered by worker’s compensation insurance, purchased by the Bank, rather than the Federal Employees Compensation Act.

    Employees traveling on Bank business are not subject to federal travel regulations and do not receive government employee discounts on lodging and services . . . Finally, the Banks are empowered to sue and be sued in their own name. 12 USC Section 341. They carry their own liability insurance and typically process and handle their own claims . . .” According to the Federal Reserve Bank of Philadelphia  , “When the Federal Reserve was created, its stock was sold to the member banks.” (”The Hats The Federal Reserve Wears,” published by the Federal Reserve Bank of Philadelphia  ).

    The original Stockholders of the Federal Reserve Banks in 1913 were the Rockefeller’ s, JP Morgan, Rothschild’s  , Lazard Freres, Schoellkopf, Kuhn-Loeb, Warburgs, Lehman Brothers and Goldman Sachs. The MONEYCHANGER S wanted to be insured they had a monopoly over our money supply, so Congress passed into law Title 12, Section 284 of the United States Code. Section 284 specifically states, “NO STOCK ALLOWED TO THE US” *

    Monopoly - “A privilege or peculiar advantage vested in one or more persons or companies, consisting in the exclusive right [or power] to carry on a particular business or trade, manufacture a particular article, or control the sale of the whole supply of a particular commodity, A form of market structure in which only a few firms dominate the total sales of a product or service.

    ‘Monopoly,’ as prohibited by Section 2 of the Sherman Antitrust Act, has two elements: possession of a monopoly power in relevant market and willful acquisition or maintenance of that power, as distinguishe d from growth or development as a consequence of a superior power, business acumen, or historical product. A monopoly condemned by the Sherman Act is the power to fix prices, or exclude competition, coupled with policies designed to use and preserve that power.” (Black’s Law Dictionary, 6th Edition) The Federal Reserve Act goes one step farther, “No Senator or Representati ve in Congress shall be a member of the Federal Reserve Board or an officer or director of a Federal Reserve Bank.” They didn’t want We The People to have any say in the operation of their monopoly through our elected officials.

  21. Without the Fed creating money for the goverment to use at it’s whim, the people would have to be taxed to pay for wars. Then people would know what the war was costing because it would be subtracted from their income. They would then support defending out country from attackers and they would rebel against sending soldiers to hundreds of countrys that have never attacked us (but might, after we’ve p*ssed them off enough).

  22. The “gold standard” is a myth. In the The Coinage Act of 1792:

    http://landr u.i-link-2.n et/monques/c oinageact.ht ml

    gold, silver and copper are the metals mentioned. As the Moneypowers are metalbugs, it wasn’t much of an effort for them to undermine the American economy through their machinations .

    I commend Dr. Paul for his efforts get the Federal Reserve out of the lives of Americans. Most of our evils of the current day can be laid at the feet of the monsters that run and abet the Fed and its evil twin, the IRS.

  23. One inherent attribute of money is that it should be valuable in it’s own right. Another is that it should be a stable storage of wealth, or saved earnings; saved for a future day of spending, with the same value as that when earned.

    The Federal Reserve -and indeed all central banks- are nothing more than parasites on the Sovereign economies of the world. They enact legal tender laws to supplant a naturally occurring, stable monetary system which has a great historical track record of thousands of years. It’s replaced with a non-redeemab le fiat paper which must be borrowed into existence, and loses purchasing power over time, as more money must be ‘borrowed’ later to service the debt while maintaining growth. It’s a ponzi scheme that has a 100% failure rate over time as demonstrated in literally thousands of historical examples.

    Why everyone doesn’t wish to remove the parasites, and have a stable monetary system as described by our Founding Fathers (for very good reason) is totally beyond me.

  24. This is a good proposal. Most people don’t really understand how the “FED” works and that it is really a PRIVATELY owned banking system not looking out for the interest of the average citizen. Via the hokus-pokus of “fractional reserve” banking, they were able to practically eliminate the middle class in the USA, a long time goal of the European aristocracy that owns it.

    It’s not hard to see the divide that the banking “system” has created. Simply look at how CEO’s and those on top gain more while the rest of us gain less. Additionally  , in order to have this private banking system in place, the need for the unconstituti onal “income” tax was needed. The purpose of the “income” tax is not to fund the government but to pay interest on the money supply. Once the populace was subject o “income” taxes, “tax breaks” could be issued to behavior that the central bankers saw as beneficial to THEM.

    The constitution is pretty clear, Congress has the right to coin and regulate money but Congress was NEVER given the right to contract this power out to a private money cartel.

  25. Questions for Jersey McJones:
    Which is easier for the government to create in excessive amounts, gold or paper currency?
    How does the Federal Reserve know how much currency to create?
    Has it ever created too much or too little?
    If so, what was the result?
    Which would you prefer: ancestors who left you paper or ancestors who left you then-equival ent amounts of gold?
    What do you suppose your descendants would prefer?

  26. Mike Says :
    June 17th, 2007 at 12:33 pm

    “Why everyone doesn’t wish to remove the parasites, and have a stable monetary system as described by our Founding Fathers (for very good reason) is totally beyond me.”

    I don’t think it’s so much that they don’t want to rid us of these evil banking institutions  ; I think it’s more to do with the fact that people just don’t want to admit how ignorant they really are! In this day and age, where anyone can have their say on the internet, everyone thinks they’re an expert - when was the last time on an Internet forum you saw someone concede a point in good grace? It might happen, but very rarely. Today, everyone is an expert, and pride goes before the expert like the bow-wave on a battleship. You never hear people admit they are wrong, they’ll argue black is white and then just disappear when they realise how outnumbered they are. But you’ll rarely get a “I’m sorry, I was wrong, I really didn’t know that!”

    Indoctrinati on these days, otherwise known as education, is very subtle and very powerful these days. If only people would swallow their pride and admit that they could possibly be wrong at times; even amongst the most highly “educated” there is more we don’t know than that we do.

    Sad, isn’t it?!

  27. I don’t think he would expect to go back to gold, but he would put it back into the hands of Congress and out of the hands of a secretive group of globalists.

    Currency that is fully fiat has a historically short life span, and we have been full fiat since Nixon. It has to be tied to something - other than the ability to come here and buy up our land for starving Americans.

    The Dollars days are numbered (as the global bankers would have it) unless intervention happens soon.

  28. This is a truly remarkable events! I hope Ron can make it! It means AMERICA WILL BE FREED FROM TYRANNY! REALLY! I hope the american people know what is at stake here! and support such bill! It is the future of the entire nation. GOD helps RON to approve such bill.

    Thaier

  29. John The Revelator, what’s next? Going to ask me about the Protocols of Zion? Pl-ease.

    Adam, “The Fed Reserve is a PRIVATE bank that lends fiat currency to the USA govt which then raises taxes to pay back said loans to the fed.” No it does not. Don’t be insane.

    Ya’ know. This whole thread has really brought the screwballs out of the woodwork.

    The fed does not print money.

    The government does not have to pay the fed, per se, for money, but it does pay interest on loans it gets from banks, just as we all receive intest for bonds and treasury notes.

    The fed was created so that we don’t have hap hazard banking practices, like sub-rpime loans, which we soon will see regulated away. Yet another example of why we have a fed and why we need it.

    Crises in the gold standard in the 19th century are what eventually led to it’s demise.

    The fiat is a better indicator of our real worth than gold, which is a commodity like oil (for that moron who thinks petrodollars came from the fiat system!).

    Richard, hopefully my descendents won’t be so simple minded as to put all their value in a single commodity.

    JMJ

  30. if the Federal Reserve Board is a private institution, then why are its chairmen chosen by the Congress? I wanna know.
    Just found this web site and you all seem like above average smart guys. Cool

  31. Can is possibly be? People are finally beginning to WAKE? It’s impressive to read such informed comments. Perhaps we are slowly ‘getting it’…..?

  32. JMJ,
    You are mis-informed . What did the FOREIGN OWNED FED do as soon as they got power? They created the roaring twenties by printing and offering lots and lots of cheap money. Then they abruptly cut the money supply. Why? Because they could and as was their plan. They created our great depression. They or the privileged few who created the mess then bought up chunks of the USA for pennies on the dollar while the regular guy pounded the pavement (no pun intended here) for jobs and food. They have been doing this type of thing ever since. They create inflation and stagflation. Don’t believe the lies they tell you about these. They create them for their own purposes. Your buying power and the value of the dollar has been artificially diminished by their doing as is their plan. What do you think our deficit is all about? How much of the never balanced USA budget is allotted to just make interest payments (see why our IRS was created) on this fake money created out of thin air? Please look it up you’ll be surprised. Also, Ron Paul does not advocate the old gold standard per se as he has stated it had problems too. I’ve yet to here details of what or how he intends to replace this system but he has stated it should be gold & silver based. There must be a better way then paying trillions in interest to foreign thugs for OUR MONEY. I really hope Ron Paul or other brave politicians  (contradic tory, I know) dismantle and bury the FED. The Fed is unconstituti onal.

  33. Jersey McJones: a typical comment from a simplistic moron. Anything you don’t understand, turn the conversation around to “conspiracy theories”. Oh how mature from a supposed history major….!!! :-D

    And your rebuttals are typically pathetic. “No, it doesn’t - because I say so!!” Oh well, you must be right then!

    One question for you. Why does the government, which has the authority to print all the money it wants, need to borrow anything at interest from banks, ever? Answer; it doesn’t.

    Do you have any conception of what inflation actually is? Don’t tell me, it’s part and parcel of the “business cycle”, an unavoidable consequence of modern economic life, right?

    Fiat currency is a better indicator of our real worth than something tangible, like gold? And we NEED the Fed?! Holy shermoly, some people are even stupider than I would have thought possible!!! How can something you can’t measure be a better indicator of worth than something you CAN measure?!

    And THEN you go on to talk about commodities!  !! Since when were numbers on a computer a “commodity”?  ! I bet you’re one of these people who thinks that because you have a $250,000 mortgage that you’ve been paying off for 10 years that you own your property, don’t you?

    Jersey, do yourself a favour and don’t comment until you’ve learnt something about the subject at hand. You’re just parading your total ignorance for the world to see. ;-)

  34. “The stock of money, prices and output was decidedly more unstable after the establishmen t of the Reserve System than before. The most dramatic period of instability in output was, of course, the period between the two wars, which includes the severe (monetary) contractions of 1920-21, 1929-33 and 1937-38. No other period in American history contains as many as three such severe contractions .This evidence persuades me that at least a third of the price rise during and just after World War 1 is attributable to the establishmen t of the Federal Reserve System… and that the severity of each of the major contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve Authorities… Any system which gives so much power and so much discretion to a few men, (so) that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank… To paraphrase Clemenceau, money is much too serious a matter to be left to the central bankers.” - Milton Friedman, Nobel prize winning economist.

    You’d think he’d know, wouldn’t you, Jersey? :-D

  35. The history of the Rothchilds is very interesting, so is the advance of Zionism - let alone Albert Pike! Conspiracies abound in this day and age - of this ‘freak of Nature” we call the internet. We have in some ways taken a leap in evolution - we have set in flow the juncture of minds! I don’t think that those prevailing, those in power that is, ever expected the growth and success of this thing we call the Internet. It has allowed a level of connectivity that could never have been fully foretold, this process will ultimately undermine the powers that be, greed has unleashed the populace from it’s box - a new Pandora. As we all connect and assume our new Borg like - a masse mind set, certain ideas will collectively rise to the forefront - the concept of the Federal Reserve, will eventually succumb to that process - it is just a matter of time and is in process as we read. Truth is a cream of society and as that society ’stills’, it will allow the truth to rise! May your dog heal!

  36. Like we can just drop our current state of currency and just go to a gold standard. That would make the current Somalia look like Dubai real quick to the U.S., as if we could do that. Why do you keep beating that drum Jones? We know better than just jumping to a gold standard, all we are saying is that the Fed is a scam and their patsy chairman is a falsely elected figurehead.

  37. “After WWI, Germany fell into the hands of the German internationa l bankers. Those bankers brought her and they now own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilites. The internationa l German bankers have subsidized the present Government of Germany and they have also supplied every dollar of the money Adolf Hitler has used in his lavish campaign to build up a threat to the government of Bruening. When Bruening fails to obey the orders of the German internationa l bankers, Hitler is brought forth to scare the Germans into submission… Through the Federal Reserve Board… over $30 billions of American money… has been pumped into Germany… You have all heard of the spending that has taken place in Germany… modernistic dwellings, her great planetariums  , her gymnasiums, her swimming pools, her fine public highways, her perfect factories. All this was done on our money. All this was given to Germany through the Federal Reserve Board. The Federal Reserve Board… has pumped so many billions of dollars into Germany that they dare not name the total.” - Rep. Louis T. McFadden (D-PA), 1933

    A man who served for 10 years on the House Banking Committee. Again, Jersey, you’d think he’d know, wouldn’t ya?! ;-)

  38. Paul does not want to completely dismantle the Fed, he’s said that many times. He just wants to stop their manipulation of interest rates, and allow competition with the fiat dollar. The Fed’s manipulation and interference is what caused the Great Depression (if you don’t believe me, believe the current Fed chairman, Ben Bernanke, he said it), and very likely the housing bubble which just recently burst. No, if left to its own devices the market is certainly not perfect, but it has a better track record than the Fed.

    However, Paul’s objections to fiat money are mostly constitution al. The constitution allows the federal government to “coin money”, but says nothing about printing bank notes (fiat money). Had they amended the constituntio n to allow something like the Fed, I doubt he’d object to it.

  39. Elias, you’re being psychotic. The Great Depression was the consequence of laizzez faire capitalism run amok. Unregulated speculative baking, lending, and investing created a bubble, the bubble burst, and there was a Dpression. The same thing happened a generation earlier, and many times before, before there was a “fed.” Don’t be silly.

    To your questions, John the Insulter…

    1) It borrows money rather than just prints it when it wants to spend money it doesn’t currently have without raising inflation.

    2) Inflation occurs when there is too much currency floating around and/or it is devalued. For example, if you are on the Gold Standard, and the price of Gold declines, then the value of your money will decline. Deflation, which can be just as dangerous, happens in the opposite circumstance .

    3) Simple people like easy answers, like “God” or “war” or “gold.” In fact, we have people who are smart enough to calculate the aproximate fiat (like nuclear physics with the posirion of nuclear sattelites, you can never precisely pinpoint the fiat at any given moment). Gold is beyond our control and leaves us vulnerable to internationa l markets in that commodity. We all have gold reserves, but we don’t place all our value on them, lest competitors use them to undermine us in a time of turmoil. This has happened before, and that’s why we no longer use the standard. Read about it.

    4) You must really be stupid to think I’m tat stupid. The point is that having any single commodity as a standard is that it leaves you vulnerable to the price variances of that commodity. That’s why countries that rely on single commodities, like oil or diamonds are so unstable. My point is that you shouldn’t use ANY commodity, but rather a flexible system of measuring the fiat.

    And fuck you you moron. You sound like a 14 year old. You are obviously and uneducated, uncoothe, sleazy, insecure little scumbag aho can’t say anything without trying to get a cheap jab in. So fuck you, sleazy little weasel. You’re outmatched here.

    JMJ

  40. Flood Congress with your e-mails regarding this Bill, HR 2755.

    Keep in mind that America has huge resources that could be used to back it’s own currency. Precious Metals are but one possibility. For example, we have an estimated 415 TRILLION tons of coal reserves.

    Inflation is killing the American Dream. The money that we’ve been forced to pay for Social Security has been looted and we won’t be getting any of it back when we retire. The cost to retire is escalating to impossible numbers, meaning we’ll have to work until we die if we want to eat, drive, live in a taxed-to-dea th house, afford Health Care, etc.

    The Dollar has indeed been tied to all oil transactions worldwide sinve the 70s, and is definitely the cause of American preemptive intervention in the ME, as well as countless covert intervention s worldwide over the past 50 years to secure an oil monopoly and to shore up the grossly inflated Dollar.

    I’m sick of it. Time to ACT. Ron Paul for POTUS.

    Bosso

  41. It is every free American’s duty to manipulate the government, not for the government to manipulate the American! It doesn’t matter as to the well intentioned, the validity of their actions - but as to the lies that are told to enable them. The means is not justified by the end but a lesser evil should be considered when the greater good does to much harm.!!!

  42. Jersey McJones,

    The popular opinion of the time was that the worst economic disaster in the history of the world was caused by capitalism, yes. But now we know better. As Milton Friedman showed us in his Monitary History of the United States, the Fed shrunk the supply of money by a third over the course of the Great Depression. Ben Bernanke, the current Fed chairman, had this to say at Friedman’s birthday:

    “I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”
    http://www.f ederalreserv e.gov/BOARDD OCS/SPEECHES  /2002/20021 108/default. htm

    Yo won’t hear me say market mechanisms are perfect, but they offer the best way to estimate the proper “value” of anything, and that includes the determinatio n of interest rates.

  43. Yes this is true. The “Fed” has their own personal carry trade between themselves and the US government. They create wealth, through presses of the U.S. treasury, and loan that money to the U.S. govt at an intrest rate. The Federal reserve is a big scam, that was passed in Washington on December 23, 1913 when most of congress was away on xmas recess, except a select few to pass the bill rhrough the senate. It gave the power to create money to private bankers, and was all concieved on Senator Aldrich’s rail car,(headed to GA, to reach Jekyll island) where at one point 1/4 of the total world’s wealth was on that car.

    You have to read the creature from Jekyll island to even grasp a foothold of how the federal reserve system works (by the way is not federal nor has any reserves).

    My favorite part of the book is in an interview of a Rockefeller, or Mellon grandson that stated “my grandfather said he was going on a hunting expedition in GA and will be back in a few weeks, and the grandson said the funny thing is that my grandfather was deathly afraid of firearms…….”   Ill have to look it up again, but that book is great, but the part that puts together the big picture, is when you do your own research on the references. Mostly primary sorces, interviews, legislative references, not much secondary fluff crap.

  44. Ron Paul is for sound money and will work for that even if it is not possible to go to a gold standard.

  45. wow i think jersey mc jones just won for the most mature, thoughtful, and ironic post. good going!!!

  46. Ron Paul Has it Right. The Fed Reserve is a PRIVATE bank, the people who own and profit from it have never listed their names or corporate membership. It has been proven that the IRS income does not go to government programs or services it all, it simply goes to the interest accrued on our debt as a country, to this PRIVATE BANK. anyone who tells you otherwise is malinformed or still believes what they see on television.

  47. JMJ: Rarely have I read so many points from a single person that I find to be absolutely incorrect. Note, I’ve noticed many ad-hom attacks on here, and this is not one of them. I’m just pointing out that I disagree:

    1. If the Fed “is” the restraint on the overproducti on of money, then please explain why the dollar has lost around 98% of its value since the Fed was brought into existence. History will show that the dollar had remained relatively constant (with some blips up during times of depression and down during times of war) over the preceding 200 years.

    2. “Plenty of governments have done weel without it (the gold standard)”. Name one. In the history of civilization  , EVERY single fiat currency has failed. Sometimes it takes years, sometimes decades. None have lasted centuries. Gold coins printed during the Roman empire are still worth (literally) their weight in gold to this day despite the the collapse of the empire. You think you’ll be able to say the same with a piece of printed paper?

    3. “The Great Depression was the consequence of laizzez faire capitalism run amok” I do not believe this statement to have any facts behind it. It has been well documented that the Govt intefered with the economy more in the beginning stages of the depression that at any other time in US history. It has been further documented that many of the reasons behind the tenacity and intensity of the depression were due to government intervention . The US had gone through many depressions prior to this one, all on the gold standard, and all were of lesser effect.

    4. “Inflation occurs when there is too much currency floating around and/or it is devalued. For example, if you are on the Gold Standard, and the price of Gold declines, then the value of your money will decline. Deflation, which can be just as dangerous, happens in the opposite circumstance .” You are correct in the first part, that inflation occurs when there’s too much currency chasing too few goods/servic es. Your second point contradicts itself. If you are on the gold standard, the “price of hold” CANNOT, by definition, decline. Gold is gold. Gold will always be gold, not something lesser than gold. If you run a country where you print $20 for every oz of gold that you have in your vaults, the gold and $20 mean the same thing. The only “devaluation ” that can ever take place is if the Govt chose to print more $20 bills than it can account for gold in its vaults. That devalues your dollars. The gold itself hasn’t changed.

    5. “My point is that you shouldn’t use ANY commodity, but rather a flexible system of measuring the fiat.” Such as what? Comparing the value of one printed piece of paper against another as we currently do? Wouldn’t it be nice, rather, to know what that printed piece of paper is “worth” compared to something real and tangible? Commodities are the only things that ptovide this. As far as I’m concerned, we’d be better off on the “rice standard” than our current system.

  48. Um, Jersey, would you care to make a sentence using these words?

    Pot, kettle, and black? ;-)

    You’re right, sunshine, I do FEEL outmatched!  :-)

    The APPROXIMATE fiat? You mean, like the M3? The one they stopped publishing, while they were pumping trillions of dollars into the system? Something like that, Oh Great One? Then I’d refer you back to your previous comment about inflation, which at least shows you’re not completely stupid. And yet we NEED the Fed? An institution that is pumping literally trillions of dollars into the US economy?

    And to your “reply”:

    1) It borrows money rather than just prints it when it wants to spend money it doesn’t currently have without raising inflation.

    WHAT?!?! The POINT is, Oh Great Historian, is that IF the government controlled the issuance of currency, assuming that government was a proper democratic one as opposed to the pseudo-fasci st one we currently have, they would keep the level of currency in circulation to very tightly controlled amounts. It wouldn’t go to war, knowing it could borrow all the money it wanted, said loans secured on your grandchildre n’s grandchildre n’s taxes.

    Again, stop parading your total ignorance in a subject you know less than nothing about. And if you’re going to do research, you should know better by now, being a History Master, to keep away from Wikipedia. “We have gold reserves”… Oh yeah? Then how comes there has NEVER been a full, independent, public audit? Do you have any idea of how much of America, including the very land you walk on, is owned by internationa l corporations  ? You obviously don’t, or you wouldn’t be spouting such arrant nonsense!

  49. Hey Jersey, you sound quite ignorant of race economics.

    Gold or Fiat, I’m not concerned that much. However, Jewish run and Jewish NY controlled is the essence of the problem.

    Warburg and Schiff created the Fed Reserve from whole Goy cloth. Morgan/Roths childs/Schif f/Warburg threatened Cleveland’s Government with Bankruptcy several times in the 1890s when the US loss too much Gold to Europe. Remember the “WIZARD OF OZ” OZ as ounces of Gold, YELLOW as the color of Gold. Populists saw how the Jews manipulated the US producers from Europe with Gold and demanded a central bank that would issue currency from the USA’S GOVERNMENT and NOT FIAT FRACTIONAL RESERVE BANKING. The Jews, not being unobservant of this Populist movement that was incidentally a bit Anti-Semitic in some quarters, gave them a Central Bank. I’m sure they chuckled about it afterwards.

    It exists for the benefit of Jew run banks worldwide. I’m not afraid to call it Jewish because the founders of the Fed bank knew they had to pass the bill on Christmas Eve in 1913 when Congress was mostly empty for the holidays. The Authors were Jewish or front men for European Banking Jews. Therefore, the Fed bank has always existed for the benefit of the Jews not the average joe looking to get a business, mortgage or car loan. The organization was criminal at birth and it is still criminal today. It was a private organization that paid shareholders for many decades.

    Sadly, because of this trick. The Jews will need to step down in Politics, Realestate, Business, Govt. and Banking in the USA and just represent their respective numbers in the larger population (3%). Without the Fed they would never have achieved such a triumph. But now the question is at what intergenerat ional cost? If the US crack up boom implodes with the debt of Trillions on the average Goy head, you will not want Jews (Greenspan, Bernanke) representing any public organization - there will be terror, there will be mobs, there will be bad boys breaking bones. Who gets new money first is the richest with it. Someday it won’t be the Jews.

  50. Go Rico!!! Yeah welcome to BIO!!

  51. You are all tools. Jersey don’t know shit. University don’t make you smart. The smartest people I know never made it past grade 8. Higher education just narrows your mind.

  52. Abolishing the Federal Reserve is a good start.

    It should be followed with rounding up all the CFR pluto(c)rats with extreme prejudice.

    Today, 70% of the people against the war is ignorable by the bought-off Repubs and Dems.

    Ron Paul is the last best hope because he understands the problems.

  53. JMJ,

    You have not given adequate response to a single comment. You have repeatedly debased yourself through name calling, and suggesting that those not in agreement with yourself are conspirasist s, anti-semitic  , etc.

    You are clearly defensive on a sociopathic level.

    You behave not as one interested in discourse, but rather, one who is keenly aware of something they believe needs to stay hidden, not to be discussed.

  54. “He probably wants to go back to the gold standard. Bla, bla, bla…

    JMJ”

    Yeah, having a “paper standard” makes just so much more sense. ;-)

  55. Jimbo:

    This is a much better book than the one you named on the Federal Reserve.

    http://www.a mazon.com/Cr eature-Jekyl l-Island-Fed eral-Reserve  /dp/0912986 212/ref=pd_s im_b_1/105-7 998232-63684 44

  56. Get used to camping as the katrina victims are. Soon enough you are all gonna be in camp halliburton with blackwater guards… you wonder about those 20 million mexicans, well they wont hesitate to put caps in your asses.

  57. Loosely defined, fascism is, when corporations control government. The privately owned Federal Reserve controls our currency in violation of our Constitution .
    God bless Ron Paul for his efforts to correct this fascist government.
    We should all ask ourselves why a gallon of gas costs $3.00, why each parent of a family has to have a job in order to survive, why the elderly have to choose between buying necessary medicine and food.
    The simple answer is the hidden tax we pay called inflation. History shows that the internationa l banksters, like the ones that own the Federal Reserve, have ruined nations economically in order to control those nations. The Federal Reserve criminal owners are ruining this nation by burying us in debt. If our elected officials were smart, but their greed gets in the way, the US could buy out the contract with them and our national debt would vanish. The greed and ignorance of our leaders prevents our prosperity.
      Ron Paul is right on target, otherwise he wouldn’t be catching so much flak.

  58. Are you smart enough to spot the zionist shills in this discussion?  (start with Jersey McJones)It’s not the impossible pseudonym that gives him away, but the erroneous position he’ll defend in defiance of all evidence or historic fact.
    Please remember that on all of these message boards there’s always a government/z ionist spy whose only purpose is to obfuscate the issue, and waste your time in endless, futile debate. Don’t argue with these idiots. Spread the truth to someone who needs to hear. In case you’re still searching, the truth can be found at iAmTheWitnes s.com

  59. JMG:

    Do you think the Ludwig von Mises institute is conspiratori al? Here’s a video by them on the Federal Reserve.
    http://video .google.com/ videoplay?do cid=-4662105 40567002553& q=%22federal +reserve%22& total=903&st art=0&num=10 &so=0&type=s earch&plinde x=0

    Or go to their site and search for “federal reserve”. www.mises.or g

  60. JMG:

    Do you think the Ludwig von Mises institute is conspiratori al? There’s a video by them on the Federal Reserve, called “Money, Banking and the Federal Reserve. You can watch it on Google Video.

    Or go to their site and search for “federal reserve”. www.mises.or g
    All kinds of articles about the Federal Reserve.

  61. Why have we been letting a PRIVATE organization control our monitary system??

    KUDOS to NoJewFedRese rve, you got it totally right!!

    For anyone that has no clue or thinks they know what it is all about, watch this video:

    http://www.l ivevideo.com  /video/bsre gistration/0 A3C6FE3B1944 B8DB83D94F42 FBBFF29/fiat -empire-a-cl oser-look-at -.aspx

    Just copy and paste into your browser.

  62. Gas doesnt cost anymore than it did in the 50s. An oz of silver still buys the same amount of gas. Used to get 4 gallons of gas for a buck in the 50s and silver was a buck an oz. Now it is 12 bucks for 4 gallons and silver is 12 to 14 bucks an ounce.

  63. “If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, where as the currency pays nobody but those who contribute directly in some useful way. Is it absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one promise fattens the usurers and the other helps the people.” - Thomas Edison

  64. My apologies, the Federal Reserve Act was passed on December 23, 1913 and signed into law the same day.

  65. “Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them but leave them with the power to create credit, and, with a flick of the pen, they will create enough money to buy it all back again. Take this power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this world would be a happier and better world to live in. But if you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit.” - Lord Stamp, Director of the Bank of England, 1940

  66. Jersey:

    Like you I have a degree in history (and then another in law). Unlike you, however, I’ve come to realize that the “history” I was spoon-fed in school was an absolute indoctrinati on.

    Come on man. Break free of the false paradigm. You can do it! And then PLEASE, break your wife free. She’s got impressionab le young minds in her hands.

  67. I guess I was wrong….about ‘getting it’. People are more interested in showing how right we are instead of tackling the real problem. The way to deal with a cancerous tumor is to remove it - not argue with it. Can’t we find a common solution? Until we do -we will continue (as a nation and as a people) to die, methinks.

  68. Read what David Walker,head of the Government Accountabili ty Office, an investigativ e arm of Congress that audits and evaluates the performance of the federal government, has to say:

    “that closing those gaps - $8 trillion for Social Security, many times that for Medicare - and paying off the existing deficit would require either an immediate doubling of personal and corporate income taxes, a two-thirds cut in Social Security and Medicare benefits, or some combination of the two.”

    Congressman Ron Paul is the ONLY one willing to admit to this problem and deal with it.

    The Fed destroyed the United Stats.

    “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.

    We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

    —Woodrow Wilson, 1919 (Referring to the Federal Reserve and the transition to a debt-based economy)

  69. Read what David Walker,head of the Government Accountabili ty Office, an investigativ e arm of Congress that audits and evaluates the performance of the federal government, has to say:

    “that closing those gaps - $8 trillion for Social Security, many times that for Medicare - and paying off the existing deficit would require either an immediate doubling of personal and corporate income taxes, a two-thirds cut in Social Security and Medicare benefits, or some combination of the two.”

    Congressman Ron Paul is the ONLY one willing to admit to this problem and deal with it.

    The Fed destroyed the United Stats.

    “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.

    We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

    -Woodrow Wilson, 1919 (Referring to the Federal Reserve and the transition to a debt-based economy)

  70. Hey, I graduated with a degree in history and took me 23 years to purge what those commie bastards at UCLA indoctrinate d me with. I actually helped out a drunk I met on the street in Boston who told me he used to be a History prof at a prestigious University of higher learning until he dared to compare Nazi and Israeli propaganda so some Jewboy reported him and he was fired. I told him I was a UCLA History grad. and he started crying so I gave him a few bucks, a hot meal and coffee. He told me history was mainly revised and had become a propaganda tool to steer the Nation into a New World Order run by bankers. I thought he might have been a little paranoid when he whispered to me, “you can’t trust anybody anymore”. He gave me a reading list that turned me on to alternative views which, over time, finally liberated me from the collective. I highly recommend an older book “The Power Elite” by C. Wright Mills (reprinted 1978). I’ve been thinking about starting up an organization called “Government Educated Morons Anonymous” or GEMA, to help most of the US population educated at the tit of Unkle Sam. Since I am broke doubt I could get a Gov. grant. I also think that anyone working for the Fed government or depending on any Fed money are beholding to their boss and as such are shills. If you have a Nation that is dependent on the Feds for their weekly paycheck would they vote to abolish the Fed Reserve? Ron Paul’s thinking is logical and constitution ally correct but since most of America only believes the Constitution is a Huggies ass wipe Ron only lessens his chances for a win. Focusing on America First and getting out of Iraq might give Ron Paul a slim chance.

  71. Jersey McJones , I hope you know more about history then you do about the Federal Reserve. I suggest you get a copy of Billions for the Bankers and debts for the people. If you read that you will understand why the Federal Reserve must be abolished

  72. Please don’t ever have Contempt PRIOR to Investigatio n.

    So everyone who does NOT question the FED; please visit the websites indicated by your fellow-reade rs and familiarize yourselves with the truth about the Monster created in Jekyll-Islan d!

    PS, I have serious Contempt AFTER Investigatio n. And also to be abolished: The World Bank, BIS, and the like!

    If you want to explain it to a ten-year-old  : watch the cartoons on:
    http://www.n otjustnotes. ws/howbanksr obyou.htm

  73. “No State shall …. make any Thing but gold and silver Coin a Tender in payment of debts.”

    United States Constitution - Article I, Section 10

    That is what the Supreme Law of the land says on the subject.

  74. You people that are more or less defending the Federal Reserve need to actually look at the Constitution . It’s only been around for 220 years, you know.

    The Constitution gives CONGRESS the authority to COIN money. It does not give PRIVATE BANKERS the authority to PRINT money, and it does not give CONGRESS permission to delegate that authority to PRIVATE BANKERS.

    Got it? Or is that too “quaint” for you?

  75. P.S.: Congress could abolish this system any time they wanted to, but they don’t want to. Would you like to know why?

    Here’s how it works. When whores in DC “bring home the bacon,” what they’re actually doing is borrowing money at interest from these crooked bankers. And you know how they’re paid off? WITH YOUR TAXES!

    That’s right. You didn’t participate in these loans, no money went into your wallet, and you didn’t sign on any dotted line. But you, and your progeny down the line, will be shouldering this debt until either Congress abolishes this system, or the people of this country do what the Founders did. And you know what that was.

  76. Abolishing the federal reserve is the most urgent matter that needs to be done. All the wars we have fought over the last century have just put money into the pockets of the internationa l bankers that run the fed. The president appoints the members you so, blah blah. The president is told who to appoint to the position. the money masters is the best video on this topic and can be found on google as well as going to the website, themoneymast ers.com. Believe me this is the biggest problem in this country. The same people that control the fed, control gold, so going to gold standard is the wrong thing to do. Congress needs to use its power under the constitution to create its own money.

  77. You (we) have been getting raped by the federal reserve. This is a HUGE, 1-stop solution to a problem that infects so many other issues.

    You people out there who are willing slaves need to get both an education and some courage.

    Ron Paul is a rare man in this complacent, ignorant society.

  78. Now that the pro-Fed people seem to have gone off to watch some documentarie s on the subject, here’s a thought…

    What happens when the Fed is abolished? The owners of the Fed, the Rothschilds and Schiffs and Warburgs and so on, are Europeans. They also own the World Bank, the BIS, the IMF, and the Central Banks of most of the rest of the world; apparently only Iran, Sudan, Cuba, North Korea and Libya have central banks not controlled by the Rothschilds - 6 & 7 on that list were Afghanistan ande Iraq (go figure!) Are they going to stand to one side and allow the USA to do its own thing? They didn’t allow it back in the 1860s, and I doubt they are going to allow it today.

    There needs to be a global movement at the same time as the Fed is abolished, or it will all be for nothing. This needs to be considered seriously…

    Also, consider this. The only way the Fed will ever be abolished is if someone like Ron gets voted in as Prez. Now, with the spread of electronic voting, does ANYONE think that Ron actually stands a chance - if he remains alive that long? Unless the American people stand up and say a resounding “NO!!!” to electronic voting, the election is already over.

  79. Also, the gold standard is not needed. All this is needed is for our money supply to be without interest compounded minute by minute.

    The gold standard is a reasonable substitution  , but like crack addicts, we need to come down gradually off of ‘fiat’ money.

    But one thing can be done right away; that would be to just stop paying intrest on current money in supply to foreign money interests; pay off domestic bond holders and issue a new ‘green back’ as Lincoln did that comes without interest.

    Click on my name above and it will take you to a video that was made in the 80’s that has the most practical solutions for this problem/scou rge. But you have to understand the scope of the problem before you can come to any solutions.

    The “FED” is the means to how politicians are bought and sold in this “democracy.” It is the main reasons why we have been in a state of perpetual warfare since the turn of the 20th century. Where do you guys think the money for the MIC (military industrial complex) comes from?

  80. Well, to that Jersey ‘O Cat Jones that don’t know his butt from a hole in the ground…..
    thank God…America still have private schools.

    What you and half the nincompoops on this blog know wouldn’t fill a thimble.

    THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.

    Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value.

    The FED began with approximatel y 300 people or banks that became owners (stockholder s purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an internationa l banking cartel of wealth beyond comparison (Reference 1, 14). The FED banking system collects billions of dollars (Reference 8, 17) in interest annually and distributes the profits to its shareholders . The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).

    Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed:

    Rothschild Bank of London
    Warburg Bank of Hamburg
    Rothschild Bank of Berlin
    Lehman Brothers of New York
    Lazard Brothers of Paris
    Kuhn Loeb Bank of New York
    Israel Moses Seif Banks of Italy
    Goldman, Sachs of New York
    Warburg Bank of Amsterdam
    Chase Manhattan Bank of New York
    (Reference 14, P. 13, Reference 12, P. 152)

    These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionar y War with America (our forefathers were fighting their own government), they planned to control us by controlling our banking system, the printing of our money, and our debt (Reference 4, 22).

    The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts. These banks also are partly foreign owned and control the New York FED District Bank. (Reference 22)

    First National Bank of New York
    James Stillman National City Bank, New York
    Mary W. Harnman
    National Bank of Commerce, New York
    A.D. Jiullard
    Hanover National Bank, New York
    Jacob Schiff
    Chase National Bank, New York
    Thomas F. Ryan
    Paul Warburg
    William Rockefeller
    Levi P. Morton
    M.T. Pyne
    George F. Baker
    Percy Pyne
    Mrs. G.F. St. George
    J.W. Sterling
    Katherine St. George
    H.P. Davidson
    J.P. Morgan (Equitable Life/Mutual Life)
    Edith Brevour T. Baker

    (Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)

    How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson’s campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers  , pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), “I have unwittingly ruined my country” (Reference 17, P. 31).

    Now the banks financially back sympathetic candidates. Not surprisingly  , most of these candidates are elected (Reference 1, P. 208-210, Reference 12, P. 235, Reference 14, P. 36). The bankers employ members of the Congress on weekends (nickname T&T club -out Thursday…-in Tuesday) with lucrative salaries (Reference 1, P. 209). Additionally  , the FED started buying up the media in the 1930’s and now owns or significantl y influences most of it Reference 3, 10, 11, P. 145).

    Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest (Reference 4). Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In 1992, taxpayers paid the FED banking system $286 billion in interest on debt the FED purchased by printing money virtually cost free (Reference 12, P. 265). Forty percent of our personal federal income taxes goes to pay this interest. The FED’s books are not open to the public. Congress has yet to audit it.

    Congressman Wright Patman was Chairman of the House of Representati ves Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913.

    Congressman Henry Gonzales, Chairman of a banking committee, introduces legislation to repeal the Federal Reserve Banking Act of 1913 nearly every year. It’s always defeated, the media remains silent, and the public never learns the truth. The same bankers who own the FED control the media and give huge political contribution s to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166).

    THE FED FEARS THE POPULATION WILL BECOME
    AWARE OF THIS FRAUD AND DEMAND CHANGE

    We, the People, are at fault for being passive and allowing this to continue.

    Rep. Louis T. McFadden (R. Pa.) rose from office boy to become cashier and then President of the First National Bank in Canton Ohio. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America. He fought continuously for fiscal integrity and a return to constitution al government (Reference 1). The following are portions of Rep. McFadden’s speech, quoted from the Congressiona l Record, pages 12595-12603:

    “THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS CHEATED THE GOVERNMENTOF THE UNITED STATES AND THE PEOPLE OF THE UNITED STATES OUT OF ENOUGH MONEY TO PAY THE NATIONAL DEBT.

    The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country ENOUGH MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER.”

    About the Federal Reserve banks, Rep. McFadden said, “They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. This is an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable.”

    On the subject of media control he state, “Half a million dollars was spent on one part of the propaganda organized by those same European bankers for the purpose of misleading public opinion in regard to it.”

    Rep. McFadden continued, “Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has USURPED THE GOVERNMENT OF THE UNITED STATES. IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT WILL.

    No man and no body of men is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve banks. These evil-doers have robbed this country of more than enough money to pay the national debt. What the Government has permitted the Federal Reserve Board to steal from the people should now be restored to the people.”

    “Our people’s money to the extent of $1,200,000,0 00 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve banks. The greater part of our monetary stock has been shipped to foreigners. Why should we promise to pay the debts of foreigners to foreigners? Why should American Farmers and wage earners add millions of foreigners to the number of their dependents? Why should the Federal Reserve Board and the Federal Reserve banks be permitted to finance our competitors in all parts of the world?” Rep. McFadden asked.

    “The Federal Reserve Act should be repealed and the Federal Reserve banks, having violated their charters, should be liquidated immediately.

    FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE IMPEACHED AND BROUGHT TO TRIAL”, Rep. McFadden concluded (Reference 1, contains an entire chapter on Rep. McFadden’s speech).

    If the media is unbiased, independent and completely thorough, why haven’t they discussed the FED? Currently, half the states have at least a grass roots movement in action to abolish the FED, but there’s no press coverage. In July, 1968, the House Banking Subcommittee reported that Rockefeller, through Chase Manhattan Bank, controlled 5.9% of the stock in CBS. Furthermore, the bank had gained interlocking directorates with ABC.

    In 1974, Congress issued a report stating that the Chase Manhattan Bank’s stake in CBS rose to 14.1% and NBC to 4.5% (through RCA, the parent company of NBC). The same report said that the Chase Manhattan Bank held stock in 28 broadcasting firms. After this report, the Chase Manhattan Bank obtained 6.7% of ABC, and today the percentage could be much greater. It only requires 5% ownership to significantl y influence the media (Reference 14, P. 56-57). This is only one of 300 wealthy shareholders of the FED. It is believed other FED owners have similar holdings in the media. To control the media, FED bankers call in their loans if the media disagrees with them (Reference 25, P. 134-137).

    Rockefeller also controls the Council on Foreign Relations (CFR), the sole purpose of which is to aid in stimulating greater interest in foreign affairs and in a one world government. Nearly every major newscaster belongs to the Council on Foreign Relations. The Council on Foreign Relations controls many major newspapers and magazines. Additionally  , major corporations owned by FED shareholders are the source of huge advertising revenues which surely would influence the media (Reference 14, P. 56-59). It can be no wonder why groups such as FED-UP(tm) receive minimal, if any, press attention.

    How do taxpayers stop financing those whose purpose it is to destroy us? First, expose their activity, then demand change.

    THE SOLUTION:

    Currently all we do is exchange FED money (interest attached) for real U.S. money (interest-fr ee) dollar for dollar as Kennedy tried to do. We should not be required to pay interest on our own currency. According to Benjamin Franklin, this was one of the primary reasons we fought the Revolutionar y War. Today we are still fighting the same family of bankers (Reference 4, Reference 1, P. 211, 212).

    The U.S. Government can buy back the FED at any time for $450 million (per Congressiona l record). The U.S. Treasury could then collect all the profit on our money instead of the 300 original shareholders of the FED. The $4 trillion of U.S. debt could be exchanged dollar for dollar with U.S. non- interest bearing currency when the debt becomes due. There would be no inflation because there would be no additional currency in circulation. Personal income tax could be cut if we bought back the FED and therefore, the economy would expand. According to the Constitution  , Congress is to control the creation of money, keeping the amount of inflation or deflation in check. If Congress isn’t doing their job, they should be voted out of office. Unfortunatel y, voters can’t vote the FED or its Chairman out of office.

    If the government has a deficit, we could handle it as Lincoln and Kennedy did. Print money and circulate it into the economy, but this time interest-fre e. Today the FED, through foreign banks, owns much of our debt and therefore controls us. The FED will cease to exist as taxpayers become informed and tell other taxpayers. The news media and Congress will have no choice but to meet the demands of grass roots America. (Reference 1, P. 17, 22)

    AMERICA DECEIVED

    By law (check the Congressiona l record), we can buy back the FED for the original investment of the FED’s 300 shareholders  , which is $450 million (Reference 1, P. 227, Reference 17, P. 36). If each taxpayer paid $25, we could buy back the FED and all the profit would flow into the U.S. Treasury. In other words, by Congress allowing the constitution ally illegal FED to continue, much of your taxes go to the shareholders of the FED and their bankers. Note: The people who enacted the FED started the IRS, within months of the FED’s inception. The FED buys U.S. debt with money they printed from nothing, then charges the U.S. taxpayers interest. The government had to create income tax to pay the interest expense to the FED’s shareholders  , but the income tax was never legally passed (Reference 20 shows details, state-by-sta te why it was not legally passed). The FED is illegal, per Article 1, Section 8 of the United States Constitution . Not one state legally ratified the 16th Amendment making income tax legal.

    Currently, fewer and fewer Americans are being convicted for refusal to pay income taxes. In IRS jury trials, the jury, by law, must decide if the law is just. If taxpayers do not believe the law is just, the jury may declare the accused innocent. Judges are legally bound to inform juries of their right to determine the fairness of a law. Judges often do not disclose this information so they can control the court outcome. Luckily, more and more citizens are becoming informed. If one juror feels the law is unfair, they can find the defendant innocent (Reference 19). In Utah, the IRS quit prosecuting taxpayers because jurors verdict is not guilty. Please tell your friends and sit in the next jury.

    If we eliminate the FED and uphold the Constitution  , we could balance the budget and cut personal income tax to almost nothing. In Congressiona l hearings on September 30, 1941, FED Chairman Eccles admitted that the FED creates new money from thin air (printing press), and loans it back to us at interest (Reference 17, P. 93). On June 6, 1960, FED President Mr. Allen admitted essentially the same thing (Reference 22, P. 164). If you or I did this we would go to jail.

    It is time to abolish the FED! Tell your friends the truth and win America back. We don’t even need to buy back the FED. We only need to print money the way the Constitution requires, not the new proposed internationa l money. We want to keep our sovereignty and print real U.S. money.

    Why has Congress allowed the FED to continue? If a Congresspers on tries to abolish the FED, the banks fund the Congresspers on’s opponent in the next election (Reference 17, P. 35). The new Congresspers on will obviously support the FED. When Congresspeop le retire, political campaign funds are not taxed. Get elected and be a millionaire if you vote right. By the way, the profit of the FED is not taxed either (Reference 1, 9). Once America understands, and takes action, Congresspeop le will then gladly abolish the FED. In 1992, Illinois Congressman Crane introduced a bill, co-sponsored by 40 other Congressman, to audit the FED. This is a step in the right direction.

    America is a great nation. As “We the People” become informed, the media and Congress will be forced to buy back the FED, balance the budget, significantl y cut taxes, and stop allowing bribes to determine voting strategies. I have already heard from politicians who claim they will change their platform to include abolishing the FED if enough people become informed.

    IT IS UP TO YOU TO INFORM THE PEOPLE.

    The FED hopes you will be passive and not act on this information. We believe in grass roots America - we are waking up America. Ultimately, the battle plan is to inform all Americans and demand change in the media and Congress. True Americans should run for office and throw out the politicians who allow this fraud to continue. Congress may refuse to deal with this issue. That’s why each person needs to go to their local county/state government with the proper paperwork and ask them to abolish the FED. With the proper documents, they are legally obligated to do it.

    WE NEED LEADERS TO BEGIN THIS ACTION. WILL YOU HELP?

    Consider this fact. Most of the given sources in this booklet show how the blood line of family bankers who own the FED funded both sides of all major wars. They created fake colonial money to destroy the Americans during the Revolutionar y War and tried to finance both sides in the American Civil War. Abraham Lincoln refused and the South accepted. Many publications show that these bankers financed World War I, World War II, and the Russian Revolutionar y War, which helped Napoleon, Lenin, and Hitler come to power. They financed both sides from money created from nothing and profited greatly. These same bankers created a number of American depressions to change the U.S. legislation and seize our wealth. Read the sources for details. This is why our forefathers wrote in the Constitution that only Congress can issue money - not private banks (Reference 18).

    More wars create more debt which means more profit to the bankers (Reference 1, 21). These bankers planned three world wars so people would welcome United Nations intervention to govern the world in peace, not war. (Reference 22 gives specific details on World War I and World War II, showing exactly how the bankers were responsible for the beginning and continuation of these wars for their profit).

    The banks have publicly announced they will force us to a cashless society by 1997. Furthermore, they plan to create a one world government through the United Nations headed by the FED, Trilaterals, and the Council on Foreign Relations (Reference 3). By the definition of treason, they have committed treason! This means you lose your rights under the Constitution and Bill of Rights. Does this sound far fetched? Twenty-four U.S. Senators (two of them presidential candidates, Harkin & Tsongas) and 80 Representati ves have signed a “Declaration of Interdepende nce.” This Declaration, designed to make a one world government, is treason to the oath of office they took. The media remained silent. The FED announced publicly that their first objective was to get nationalism out of the American people’s heads because patriotism to a country would not be of value in the future. The media makes us think the U.N. has all the answers, and to “think globally.” Congress passed a law stopping certain individuals from being tried for this treason (Reference 6, Reference 1, P. 191-198). Why pass this law if no treason was committed? State Department document 7277 calls for the disarming of America, thus turning our sovereignty over to a one-world government. Again, the media is pushing to eliminate guns. Our forefathers believed that the right to bear arms would prevent a takeover of our government. History shows that before any government took over, they disarmed the citizens. Hitler did it, and before our Revolutionar y War, King George told us to disarm - good thing we didn’t!

    Under the Federal Reserve Bank Act, the bankers control our economy. The FED controls interest rates and the amount of money in the economy. These factors determine either economic prosperity or the lack thereof. Bankers are now pushing for a one world government and a cashless society. Why cashless? No cash means no money for drugs, no theft, and the ability to collect taxes on the underground economy. Anyone who wouldn’t support a cashless society must be a drug dealer, thief, or tax evader, right? What a cashless society really means is the banks can now control you. Today you fear the IRS. In a cashless society, if you disagree with the bankers’ political goals, you’ll find your money gone via computer error. (For additional information on a cashless society, read Reference 13, P. 174; Reference 3; Reference 14, P. 9-12; Reference 15, P. 136; Reference 25, P. 216).

    If you could accurately predict future interest rates, inflation and deflation, you would know when to buy or sell stocks and make a bundle of money. The FED has secret meetings (per Congressiona l Record) to determine future interest rates and the amount of money to be printed. The Securities Exchange Commission (SEC) by law, stops insiders from profiting by privileged information. Congressiona l records prove that FED bankers routinely hold secret meetings to profit by manipulating the stock market via interest rates and the amount of money they create. FED bankers also profit greatly from economic disasters like the Depression (Reference 22, P. 56). The bankers create inflation, sell their stocks before the market crashes, then buy up stocks at cheaper prices. Bankers admitted this to Congress. This violates the law, yet Congress does not act because these bankers are large political contributors  (Reference 17, P. 96-98; Reference 1, P. 162-163; Reference 22, P. 114-170 & P. 136). Thomas Jefferson predicted this scenario if we ever allowed a private bank, like the FED, to create our currency (Reference 1, P. 247).

    FED Chairman Burns states “Killing can be made simply by knowing the next few months newspapers ahead of time.” Congressman Patman said “The FED officials own more than 100 million dollars (of stocks) while making decisions influencing these stock prices…” (Reference 24, P. 123). History proves that banks profit from bankrupting a nation (Reference 22, P. 56).

    Congress consistently defeats balanced budget amendments. In the past 30 years, Congress has raised our taxes 56 times and balanced the budget only once. We need the sound banking system our forefathers wanted us to have. History proves that banking systems like the FED don’t work. Major world powers have been destroyed over similar banking systems (Reference 1). If we don’t change this system NOW, in five years the only thing our taxes will pay is the interest on the national debt.

    Section 7 of the Federal Reserve Act, passed December 23, 1913, states that much of the profit of the FED should flow into the U.S. Treasury. In 1959, new legislation allowed the FED to transfer bonds to commercial banks at no cost to the bank. Now the FED receives less interest income and less profit for the U.S. Treasury because the money is diverted to other banks through an accounting entry (Reference 17, P. 115-130). Congress and the IRS do not have access to the financial records of the FED. Every year Congress introduces legislation to audit the FED, and every year it is defeated. The FED banking system could easily be netting 100s of billions in profit each year. Through “creative accounting” profit can easily be reclassified as expense (Reference 14, P. 20, Reference 17, P. 239). Within the first few years, the shareholders of the FED received their initial investment back with no risk. All the income is tax-free, except for property tax, according to the Federal Reserve Act. When are the profits of the FED going to start flowing into the Treasury so that average Americans are no longer burdened with excessive, unnecessary taxes? Clearly, Congress cannot or will not control the FED. IT IS TIME TO ABOLISH IT!

    3 WAYS TO ABOLISH THE FED AND ISSUE MONEY PER THE UNITED STATES CONSTITUTION  , ARTICLE 1, SECTION 8:

    * Buy back the FED and have the U.S. Government collect all profits.

    * Abolish the FED by printing real U.S. dollars as President Kennedy attempted (Executive Order 11.110, 1963) (Reference 4).

    * Request your county/state to use their Constitution al powers to abolish the FED. This is the BEST SOLUTION. Nearly half the states are attempting or considering this action (Reference 5). Congress has had 80 years to follow the Constitution  , and has refused to abolish the illegal FED. The state/county effort is working faster than any other method. We need your support to start a local chapter of FED-UP(tm) Inc. and petition your county.

    THE WRONG SOLUTION THAT HAS FAILED FOR 80 YEARS:

    Congress and the media may want to require the FED to return the required profits into the U.S. Treasury (per the Federal Reserve Act, 1913). The problem is that with “creative accounting” techniques, profit can be easily masked as expense. The FED has expensed items illegally to lower profit (Reference 17).

    “We the People” have pushed the following states to pass or introduce legislation calling for an end to the FED: Arizona, Washington, Arkansas, Idaho, Oregon, Indiana, and Texas. We still need your signatures on petitions, even if you live in these states. Many other states are considering such action due to your petitions. These states and a few honest Congresspeop le are powerless until all Americans become informed and demand change. Please pass out the petition. Once we demand change, the media will have to report the whole truth and not just push their own agenda. FED-UP(tm) challenges the media to expose the facts on prime time talk shows or news programs.

    By abolishing the FED, we would not pay interest on Federal Reserve Notes. Until it is abolished, the FED has a monopoly on profit on our currency and whether our money supply will be increased or decreased, inflation or depression. The banks are capable of controlling business by controlling who can or cannot obtain a loan.

    WE’VE DONE OUR PART - NOW IT IS UP TO YOU TO SPREAD THE WORD. Please take the brochure (Cutting taxes $6,000 per family per year) to VFW, Moose/Elk Lodges, Bars, Union Halls, Churches, and Association groups. Make copies of the “single-page ” brochure for everyone at work and ask your friends to do the same. Ask small business owners in your community to tell other business owners and spread the brochure and petition through the local Chamber of Commerce. CPAs should be interested in saving their clients taxes. Ask your CPA to mail the brochure and petition out to his/her clients. Upon receiving this petition, many presidents of large corporations made this brochure and petition available to all employees. Once people are informed, we can force a change. People will have more money to spend, the economy will be strong, and we can keep our Constitution al rights, liberties, and freedoms.

    Contact your library for the names and addresses of your local and federal Congresspeop le. MAIL THEM AN ENVELOPE WITHOUT YOUR NAME AND ADDRESS ATTACHED. In the envelope, say “FED-UP(tm) Inc. Abolish the FED.” Also enclose one teabag (Boston Tea Party). Ask your friends to do the same (give them the addresses). Politicians are aware of the “Teabag Protest.” If you don’t mail it in, they’re going to believe that we’re not organized or we just don’t care. IF YOU DON’T DO IT NO ONE ELSE WILL!

    Many Congresspeop le want to make this change, but can’t without the support of the people.

    WHY OUR FOREFATHERS FOUGHT THE FED

    “Allow me to control the issue and the nation’s money and I care not who makes its laws!” The above quote has long been attributed to the 18th century banker Amshell Rothschild (his blood line controls the FED). For if one unscrupulous group is allowed to print a nation’s money - it can eventually use that money to gain control of the press AND the politicians - and thus gain control of making the nation’s laws - and finally - control of the nation itself. (Reference 4)

    If you will take the time to read the reference material listed which has been researched by Professors of Universities  , Congresspeop le, etc, you will turn up information that might frighten you. For instance, in 1921 the stockholders of the Federal Reserve financed an organization called the “Council on Foreign Relations” (CFR). Harpers magazine called this the most powerful organization in the United States. Ninety percent of the people in the State Department and key positions in the Executive Branch are members of the CFR. The CFR publishes a magazine called “Foreign Affairs.” Read it if you want to know what is going to happen in coming years. The CFR is in favor of a New World Order (Reference 3).

    Congressman Patman re-quoted Thomas Jefferson showing that our founding fathers knew this banking principle very well. “I believe that banking institutions are more dangerous to our liberties than standing armies….” “Already they have raised up a money aristocracy that has set the government at defiance. The issuing power (of money),” he said, “should be taken from the banks and restored to the people to whom it properly belongs.” The American Revolution was a struggle to wrest control of wealth from the Bank of England and to restore the centers of power to the People where it “properly belongs.” The Constitution is specific about the authority of the People, through their elected officials, to control the money, and thus, the affairs of their government.  (Reference 5, P. 32).

    Ben Franklin said in his autobiograph y that the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the internationa l bankers was [one of] the PRIME reason[s] for the Revolutionar y War. (Quoted in Reference 4)

    Thomas Jefferson stated, “If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.”  (Reference 1, P. 247)

    Congressman Charles A. Lindbergh of Minnesota said: “This [Federal Reserve] Act establishes the most gigantic trust on Earth. When the President [Wilson] signs this bill, the invisible government of the Monetary Power will be legalized… the worst legislative crime of the ages, perpetuated by this banking and currency bill.” (Reference 5, P. 33)

    Robert H. Hemphill (Credit Manager, Federal Reserve Bank in Atlanta): “We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It [the banking problem] is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects are remedied very soon.” (Reference 1, P. 247)

    Napoleon, a sympathizer for the internationa l bankers, turned against them in the last years of his rule. He said: “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” (Reference 4)

    Congresspeop le have referred to Federal Reserve Notes as “FIAT” (no- backing) money. (Reference 1, P. 128, 169)

    In 1879 the Supreme Court declared that the U.S. Government can legally issue United States Notes, debt and interest-fre e, just as Lincoln and Kennedy attempted. (Reference 1, P. 233)

    A bank that attempted to repossess property on the basis of default faced Judge Mahoney in a jury trial. Jerome Daly was found innocent. The bank could not foreclose on the property because it created the loan money from thin air, as many banks do. Use this as a precedent the next time any bank tries to foreclose on your house. (Reference 17, P. 82, 83 for court records)

    The FED violates Security & Exchange Commission (SEC) rules. (Reference 17, P. 96-98)

    California 9th Circuit Court declared FED banks are private, not government.  (Reference 17, P. 273)

    Mr. Marriner Eccles, who was Chairman of the board of Governors of the Federal Reserve System longer than any other man, testified before the Joint Economic Committee in August 1962. When Chairman Rep. Wright Patman asked whether it was not a fact that the Federal Reserve System has more power than either the Congress or the President, Eccles replied: “In the field of money and credit, yes.” (Reference 1, P. 206)

    Dr. Hans F. Sennholz, Chairman of the Department of Economics at Grove City (PA) College stated: “The Federal Reserve System facilitates the government’s own inflationary financing in “periods of emergency.” It makes easy the inflationary financing of budget deficits and the inflationary refunding of government loans. It stabilizes the government bond market through inflationary methods and manipulates this market to the advantage of the government. It does all this by wrecking the purchasing power of the dollar; by subtly stealing from the people of this country what it thus provides for the government, through a process exactly on par with the coin clipping of ancient kings but much less visible.” (Reference 1, P. 250, 251)

    Source: Banking Act of 1935, Hearings before a Subcommittee of the Banking and Currency Committee, U.S. Senate, 74th Congress, 1st Session, on S.1715, May 1935, pp 871-2. “The Federal Reserve System is in the wrong hands. No Constitution al republic can function when the government’s money powers are in the hands of the financial oligarchy such as New York financiers.

    A Republican Senator, who preferred to remain unnamed, stated: “Congress is too much motivated by fears and anxieties concerning pressure groups and the “non election.” (Reference 1, P. 210)

    By controlling Congress, the FED has been able to control the nominating conventions of both political parties. In this way, it has been able to hand-pick the presidential nominees so that no matter which party wins, their nominee for President is under definite obligations to the FED… (Reference 1, P. 210; Reference 22)

    In 1975, the Rockefeller Foundation Report discussed the “Interdepend ence” of the countries of the world on each other. It stated we are one world and America shall become a nation-state under one government. They also say we must reach a zero state population growth. The Rockefeller Foundation stated that they have in excess of 747 million dollars to achieve this with. (Reference 3)

    Congressman John R. Rarick states that the Council on Foreign Relations CFR) is dedicated to a one world government. The media remains conspicuousl y quiet. The CFR wants to convert the U.S. from a sovereign, constitution al republic into a servile member state of a one world dictatorship . On February 17, 1950, CFR member James Warburg (banker, and architect of the Federal Reserve System) stated before a Senate Foreign Relations Committee, “We shall have one world government whether or not you like it, by conquest or consent.” Again, the media remained silent. In the April 1974 issue of the CFR journal, “Foreign Affairs”, page 558, Richard Gardener states that the new world order “will be built… but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old fashioned frontal assault.” Congressman McDonald, Heinz and Tower stated that this is a conspiracy. Again, the media remained silent. (Reference 14, P. 17, 18, 32, 33).

    THE CFR WANTS TO ABOLISH THE CONSTITUTION . (Reference 14)
    WE MUST STOP THEM!!

    In a letter to Thomas Jefferson, John Adams wrote: “All the perplexities  , confusions, and distresses in America arise, not from defects in the Constitution or confederatio n, not from want of honor or virtue, as much as from downright ignorance of the nature of coin, credit, and circulation” .

    British bankers have stated “Those that create and issue money and credit direct the policies of government and hold in their hands the destiny of the people”. (Reference 1, P. 200-214)

    Adams, Jefferson, and Lincoln believed that banker capitalism was more dangerous to our liberties than standing armies. In a republic, banks would lend money but could not create or manufacture it. (Reference 1, P. 215)

    Later, Jefferson used stronger language and denounced the institution as “one of the most deadly hostilities against the principles and form of our Constitution .” Some have said that Jefferson did not favor a strong central bank. What he did not favor was the delivery of our monetary system into private hands to be run for private profit. (Reference 1, P. 230)

    President James A. Garfield said: “Whoever controls the money in any country is absolute master of industry [legislation  ] and commerce”. (Reference 1, P. 247, Reference 4)

    Without the Federal Reserve System, there can be no continuing march towards socialism, and with it there can be no free economy. (Reference 1, P. 251)

    By controlling our own money, Thomas Jefferson expected that the government would incur no debt, as had occurred in the European system. (Reference 1, P. 243) European banks are like the FED.

    The FED system is the death of our Constitution . (Reference 1, P. 250)

    THE PLAN TO REDUCE PERSONAL INCOME TAX BY 75% AND BALANCE THE BUDGET BY ABOLISHING THE FED CAN BE PROVEN BY AMERICAN HISTORY.

    THE FACTS:

    * England lost the Revolutionar y War.

    * England nearly destroyed the Colonies by creating fake Colonial money and hyper-inflat ion.

    * Rothschilds who control the Bank of England (Like our FED) said that by controlling the issue of money (printing it) you can control the government.

    * The authors of the Constitution understood private banks” control over governments. The Constitution gives only Congress the right to print money.

    * From the beginning of the United States to present there have been two ways to issue new currency:

    The first way is to have the government print the money, debt and interest- free, and circulate it through the economy for use as a medium of exchange. There is no tax levied to pay interest on the currency in circulation because it is debt and interest-fre e. This is the system Lincoln used with his “greenbacks”  , a system Kennedy desired, and Jefferson demanded.

    The second method is: The Citizens allow the bank to print $500 billion in currency (cash). The bank pays for printing costs, ink, and paper. The Citizens do not charge the bank any interest for use of the $500 billion in printed currency. The bank uses the $500 billion cash to buy a $500 billion government bond which pays the bankers interest. The bank keeps some of the bonds and sells, for a fee (10%), some of the bonds to the public. The bank can buy back the bonds from the public simply by printing more money. The bankers can create inflation and depressions by manipulating the amount of currency in circulation. The FED operates exactly like this today. It also prints money (through the U.S. Treasury) and uses this printed money to buy loans from other banks. This money has created our inflation. We give the bank cash interest-fre e, then they charge us interest on our own currency.

    Take a look at our history in view of the two banking systems:

    BEN FRANKLIN - THE TWO BANKING SYSTEMS

    From the autobiograph y of Ben Franklin as reported by Gertrude Coogan in Money Creators:

    …the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the internationa l bankers was the PRIME reason for the Revolutionar y War. (Reference 4).

    Ben Franklin answering a question about the booming economy of the young colonies: “That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportions to the demands of trade and industry.” (Colonial Scrip had no debt or interest attached.) (Reference 4)

    BANK OF AMERICA

    Internationa l bankers saw that interest-fre e scrip would keep America free of their influence, so by 1781 banker-backe d Alexander Hamilton succeeded in starting the Bank of America. After a few years of “bank money”, the prosperity of “Colonial Scrip” was gone. Benjamin Franklin said, “Conditions were so reversed that the era of prosperity had ended and a depression set in to such an extent that the streets of the Colonies were filled with the unemployed!” Bank money was like our FED money. It had debt and interest attached. By 1790 Hamilton and his bankers had created a privately owned central bank and converted the public debt (interest-fr ee) into interest bearing bonds, payable to the bankers. When Hamilton’s bank charter expired in 1811, the internationa l bankers started the war of 1812. By 1816, another privately-ow ned U.S. bank was started with $35 million in assets - only $7 million of that was owned by the government. This bank lasted for 20 years. U.S. history shows that currency with debt and interest attached created a depression.  (Reference 4)

    ANDREW JACKSON - A GREAT PRESIDENT!

    When the 1816 charter expired in 1836, Andrew Jackson vetoed its renewal. It was then that he made two famous statements: “The Bank is trying to kill me - but I will kill it!” Later he said “If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning…” (Reference 4)

    ABRAHAM LINCOLN - ANOTHER GREAT PRESIDENT!

    President Lincoln needed money to finance the Civil War, and the internationa l bankers offered him loans at 24-36% interest. Lincoln balked at their demands because he didn’t want to plunge the nation into such a huge debt. Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. Lincoln said “We gave the people of this Republic the greatest blessing they ever had - their own paper money to pay their debts…” Lincoln printed over 400 million “Greenbacks”  (debt and interest-fre e) and paid the soldiers, U.S. government employees, and bought war supplies. The internationa l bankers didn’t like it and wanted Lincoln to borrow the money from them so that the American people would owe tremendous interest on the loan. Lincoln’s solution made this seem ridiculous.  (Reference 1, P. 46, 47; Reference 4)

    Shortly after Lincoln’s death, the government revoked the Greenback law which ended Lincoln’s debt-free, interest-fre e money. A new national banking act was enacted and all money became interest bearing again. (Reference 4)

    The late Thomas A Edison explained the matter of issuing currency this way: “If our nation can issue a dollar bond (interest bearing) it can issue a dollar bill (interest-fr ee). The element that makes the bond good makes a bill good also. The difference between the bond and the bill is that the bond lets money brokers collect twice the amount of the bond and an additional 20 percent, whereas the currency pays nobody but those who contribute directly in some useful way. It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay: But one promise fattens the usurers (interest collectors) and the other helps the people.” (Reference 1, P. 46)

    The FED is owned largely by foreign banks that control our economy and Congress through the power of money and the media which they bought with profits generated with profits generated by artificial debt.

    If we can convert U.S. dollars that are debt and interest-fre e to interest bearing currency, we can change it back just as easily. Both the media and the banking system will probably claim that such a change will cause hyper- inflation. The answer however, can be found in history. Lincoln printed debt and interest-fre e Greenbacks (cash) to finance an entire war. With added production you can add currency without having hyper-inflat ion. Lincoln proved it. John F. Kennedy - a President with vision! On June 4, 1964, President Kennedy issued Executive Order 11110. This Executive Order called for the issuance of new currency - the United States Note. At the time, $4,292,893 of this currency was put into circulation. This new currency was to be distributed through the U.S. Treasury and not the Federal Reserve System. Furthermore, it was to be issued debt and interest-fre e. Upon Kennedy’s assassinatio n, this currency was withdrawn from circulation, never to be issued again. The media remained silent on how Kennedy would have eliminated the debt and interest payments, and therefore eliminated the FED. Interest-fre e United States Notes do not result in hyper-inflat ion. By issuing United States Notes, interest-fre e, we have less interest expense, and less taxes. With less taxes people spend more and buy more. This result is added production, and therefore, you can add dollars without inflation. Either Rockefeller and his people will spend your tax money into the economy or you get to spend your own money by paying less taxes. The bankers want you to think you’ll have mass inflation by changing the system. This is only true if you add dollars to the economy without added production. For example, look what happened in post World War I Germany. They merely printed money without increasing production. The result was hyper-inflat ion. Another example: In the entire economy, if you have only 10 loaves of bread and only $10, each loaf would sell for $1. If you print an extra $10, now you have $20 and the 10 loaves which would sell for $2 each. This is only true if we don’t have added production. By cutting taxes, people will spend more and buy more bread. If we print more money and bake more bread, we have $50 and 50 loaves, so each loaf still sells for $1. As long as you monitor production with increased cash, inflation will not occur. Under the FED system, the price of bread has dramatically increased since 1913. If we cut taxes and YOU spend your money instead of the BANKERS spending it, you will have more bread, cars, and wealth than the bankers. SOMEONE will spend your money - it might as well be YOU!

    A FED-like banking system has destroyed other governments. In five years the only thing taxes will pay is the interest on the debt. Clearly, the FED must be abolished before we’re demolished! Already laws are set up to have a dictatorship when we have the economic crisis (Federal Emergency Management Act, or FEMA).

    Under the FED system, when a new dollar is issued, we pay taxes to pay for the dollar as the principal (debt) plus interest on the dollar. We pay for each new dollar twice, and who gets most of the money? The bankers, who control this money. Taxpayers should only pay taxes for the paper, ink, and printing costs of new money. Why should we give bankers the right to print money on a printing press, charge them no interest on this money, and then let them exchange their “free” money for a government bond that pays them interest??

    England never gave up on owning the United States. They are still silently fighting the same Revolutionar y War. The Bank of England, through the Rothschilds, owns and controls the FED (Reference 22). We have been robbed of our wealth, and in five years we will be bankrupt if there is no change. The FED bankers will LEGALLY OWN OUR NATION; OUR HOUSES, OUR CARS, OUR BUSINESSES, just as Thomas Jefferson predicted.

    SPECIFIC PLAN: HOW TO GET OUT OF DEBT

    U.S. history proves that issuing debt and interest-fre e currency allows our economy to prosper, as long as Congress controls the amount of money created. You can add printed dollars into the economy as you add production, and there will be no inflation. With today’s sophisticate d computers, we can easily monitor the printing of money and inflation.

    Congress needs to buy back the FED and/or abolish it. Any government debt they own would be automaticall y eliminated. All remaining debt could be paid as needed with the same type of currency Kennedy issued (debt and interest-fre e United States Notes). United States Notes are backed by the full faith of the best government in the world - The United States of America. This is no different than the backing of today’s Federal Reserve Notes. U.S. citizens collect only a small fraction of the interest income on Federal Bonds and Bills. Foreigners benefit from this interest, but we pay the tax so that they collect interest on our currency. This makes sense to bankers and Congresspeop le who receive money from bankers and foreign lobbyists.

    As we pay less interest, government spending will decrease and so will taxes. Less taxes mean that people buy more goods and services and our economy expands. An expanded economy means more jobs and higher profits for businesses. More profit means increased state/federa l business taxes. Businesses continue to pay taxes while personal taxes decrease. People will have more money to spend, will buy more, and therefore pay increased state sales tax. This allows the states to balance their budgets without raising real estate taxes. As history proves, we will prosper.

    For 80 years the FED has destroyed our economy. It will take years to undo this damage. Just as Congress appoints a Postal Service, we will have Congress appoint an agency to monitor inflation as we exchange our retiring government debt for debt and interest-fre e United States Notes (cash). We need to break up all Central Banks created by the FED and return to the Constitution of the United States. We have to return the power of the citizens’ money back to the people.

    THERE ARE SEVERAL SIMPLE WAYS TO ABOLISH THE FED:

    * Inform all Americans of this report and collect signatures on the petition.

    * Demand that Congress and the media support “We the People’s” rights to uphold the Constitution and abolish the illegal FED.

    * Write to your local newspaper, show them this report and ask them to keep freedom of the press alive, support the Constitution and abolish the FED. Freedom of the press should not be limited to those who own it.

    * Write to CNN and other media. Tell them you want to see FED-UP(tm) on their programs.

    * Ask your State/County Representati ves to use their Constitution al powers to enforce your rights under the Constitution to have the FED abolished. Write to Reference 5 for detailed paperwork to be given to your local government.

    * Call in on TV and radio talk shows and discuss why the FED should be abolished.

    * Support businesses who distribute the petition and display the sign “FED-UP”. If they don’t, please ask them to.

    * Ask candidates if they plan to introduce legislation to abolish the FED and uphold the Constitution which they are obligated to defend. Make candidates take a stand! Have the politician sign a contract with “We the People” enacting legislation to abolish the FED by a certain date or the politician must resign from office. The Democratic Congress and President promised the people “no FED” before the election. Thirteen months later, they passed the FED.

    * Display your bumper sticker to show support and inform people.

    * If 5,000 people distribute 2-3 brochures daily, we can inform half a million Americans monthly. Roughly 10% of these half a million people will make copies and inform others. Our goal is to inform 70 million adult Americans. Public opinion will soon be on our side. Once 10% of the population know, the other 90% will follow.

    * Pray and ask God to return us to “One nation under God.”

    It is our recommendati on that you research the references listed, support all organization s that re trying to stop this fraud, and help us in our goal to get every American to sign this petition.

    REFERENCES:

    (1) “The Federal Reserve Bank”, by H.S. Kenan, published by The Noontide Press
    (2) National Committee to Repeal the Federal Reserve Act, P.O. Box 156, Westmont, IL 60559
    (3) “The New World Order,Saving America”, P.O. Box 1205, Middleburg, FL 32050-1205
     (4) “Bulletin”, February 1989 & November 1991 issues, P.O. Box 986,
    Ft. Collins, CO 80522 (Newsletter; $3 each)
    (5) “The Most Secret Science”, Betsy Ross Press, P.O. Box 986, Ft.
    Collins, CO 80522 (Book) States attempt to abolish the FED. $12.00
    (6) “Insider Report”, P.O. Box 84903, Phoenix, AZ 85071
    (7) “Phoenix Journal Express”, P.O. Box 986, Tehachap, CA 93581
    (8) $16 trillion in government and private debt, much of which the FED
    printed and collected interest on (Reference 3)
    (9) Northpoint Tactical Team, P.O. Box 129, Topton, NC 28781
    (10) Christian Defense League, Box 449, Arabi, LA 70023
    (11) “Bulletin”, June 1992 issue, P.O. Box 986, Ft. Collins, CO 80522
    (Newsletter; $3 each)
    (12) “Savings and Loan Unethical Bailout” by Rev. Casimir F. Gierut
    (13) “Dark Secrets of the New Age” by Texe Marrs
    (14) “En Route to Global Occupation” by Gary H. Kah
    (15) “One World” by John Amkerberg & John Weldon
    (16) “The Spotlight”, Liberty Lobby, 300 Independence Ave. S.E.,
    Washington, D.C. 20003 (Newspaper)
     (17) “Repeal the Federal Reserve Banks” by Rev. Casimir Frank Gierut
    (18) The Constitution of the United States
    (19) “Walls in Our Minds” by M.J. Red Beckman, Common Sense Press, P.O.
    Box 1544, Billings, MT 59103. A must read book - $2.50
    (20) “The Law That Never Was” Volume I, Bill Benson & M.J. Red Beckman,
    P.O. Box 1544, Billings, MT 59103 or write to Bill Benson, P.O.
    Box 550, South Holland, IL 60473. Proof that the 16th Amendment
    (income tax) was never properly ratified.
    (21) “New World Order: The Ancient Plan of Secret Societies” by William
    T. Still
    (22) “The Secrets of the Federal Reserve” by Mullins
    (23) “The Social Security & Pension Conspiracy” by Metz
    (24) “The History of the Federal Reserve. How to Replace It or How to
    Reform It” by Metz - for references 23 & 24 write to Howard Metz,
    P.O. Box 341, Malverne, LI 11565
    (25) “The New World Order” by Pat Robertson. On page 131 he states
    that we must abolish the FED.
    (26) “Operation Vampire Killer 2000″, highly recommended book. $6.00 ($8.00 for 2) from ACLA, P.O. Box 8712, Phoenix, AZ 85066 This is a must read book with quotes from well known people. This book proves conspiracy. Your local police needs to read this book so they will protect you - not become United Nations Agents against you. This book will stop the New World Order plan to take over the U.S.A.

    “America Betrayed”, Center For Action, 652 N. Glenview, Nesa, AZ
    85213

    For references 1, 12, and 17, contact The National Committee to
    Repeal the Federal Reserve Act (Reference 2)

    MEDIA BLACKS OUT THE FACTS

    Here’s one terrific example. John Swinton, the former Chief of Staff for the New York Times, was one of New York’s best loved newspapermen . Called by his peers “The Dean of his Profession”, John was asked in 1953 to give a toast before the New York Press Club, and in so doing, made a monumentally important and revealing statement. He is quoted as follows:

    “There is no such thing, at this date of the world’s history, in America, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar weekly salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalists is to destroy the truth; to lie outright; to pervert; to vilify; to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press? We are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilitie s, and our lives are all the property of other men. We are intellectual prostitutes. ”

    RICHARD M. COHAN, Senior Producer of CBS political news said: “We are going to impose OUR AGENDA on the coverage by dealing with issues and subjects that WE choose to deal with.”

    RICHARD SALANT, former President of CBS News stated: “Our job is to give people not what they want, but what WE decide they ought to have.”

    And what is “their” agenda? What do they believe we, the American people, - THE COMMON HERD, “…ought to have?” Here is the answer:

    NORMAN THOMAS - For many years the U.S. Socialist Presidential candidate proclaimed: “The American people will never knowingly adopt Socialism. But under the name of “liberalism” they will adopt every fragment of the socialist program, until one day America will be a Socialist nation, without knowing what happened.”

    HERMAN DISMORE, foreign editor of the New York Times from 1950 to 1960: “The New York Times is deliberately pitched to the liberal (socialist) point of view.”

    WALTER CRONKITE: “News reporters are certainly liberal (socialists) and left of center.”

    BARBARA WALTERS: “The news media in general are liberals (socialists) .”

    Reference for everything above - Operation Vampire Killer, P.O. Box 8712, Phoenix, AZ 85066

    The world, finally including even the balky American public, is “being rapidly educated into overcoming limited patriotism” and accepting “United Nations solutions to common global problems,” said Henry Kissinger.

    Bilderberg participants expressed satisfaction with progress toward world government on two fronts:

    * Establishing a UN tax to not only finance new global programs, but to condition “citizens of the world” to paying tribute.

    * Conditioning the public — again, especially “those stubborn Americans” — to accept the idea of a UN army that could, by force, impose its will on the internal affairs of any nation.

    “Today, Americans would be outraged if UN forces entered Los Angeles to
    restore order; tomorrow, they will be grateful,” Kissinger said (of the
    1992 Los Angeles riot).

    Kissinger reported on a shocking speech made by UN Secretary General Butrous Ghali to the American Association of Newspaper Publishers at UN headquarters in New York in early May. The publishers’ newspapers covered up the story.

    The UN Security Council must have a permanent force that can be deployed anywhere in the world, instantly, to “protect the peace” and “ensure human rights” the secretary-ge neral told the newspaper publishers.

    UN TO INVADE U.S.

    This force must be allowed to intervene “at the local and community levels,” the UN leader told the American publishers.

    What is “especially gratifying,” Kissinger said, “is that the publishers showed no reservations about the prospects of UN forces landing in the United States and imposing the UN’s will.”

    Reference - The Spotlight, June 8, 1992, page 10. Liberty Lobby, 300 Independence Ave. S.E., Washington, D.C. 20003 (Newspaper)

    SUMMARY OF QUICK FACTS

    * Various dates and proofs that the Bankers created panic to push Congress to pass laws favoring bankers… Reference 22

    * President Wilson received $85,000 bribe from bankers… Reference 22, pages 25-26

    * How England, through the Bankers, controls our Congress… Reference 22, pages 47-48

    * Rockefeller is connected to President Carter… Reference 22, page 171; Reference 25, page 103

    * How George Bush is directly connected to the FED bank… Reference 22, page 49

    * President Hoover and President Roosevelt were internationa l Bankers… Reference 22, pages 69-71 and pages 157-159

    * President Nixon was hired by Rockefeller’ s law firm to become President… Reference 25, pages 100-101

    * FED owner’s manual to destroy and control U.S. citizens… Reference 22, pages 55-56

    * Proof Bankers claim they control the government… Reference 22, page 59

    * Proof the FED knowingly created the Great Depression for their gain… Reference 22, pages 137-170

    * FED bankers are directly linked to the New World Order and the United Nations. New World Order was discussed by George Bush, Rockefeller, Adolph Hitler, and Jimmy Carter… Reference 25, pages 5-7

    * The Great Seal on back of the FED $1 bill, below pyramid, the NOVUS ORDO SECLORUM means “New World of the Ages” or —>> New World Order… Reference 25, page 35

    * How the Banker’s tax-exempt organization s fund activities to destroy America’s freedom by attacking our Constitution and way of life… Reference 25, pages 138-159; Reference 14 (throughout whole book)

    * Senator Barry Goldwater warned of economic powers capable of bypassing or controlling the political powers. Bank induced depression is possible in the future to force political change… Reference 25, 131

    * Rockefeller’ s money was used to seize control of America’s teaching and training of students by rewriting history and textbooks. Rockefeller has also funded the National Education Association  (NEA)… Reference 14, page 61

    * Gary Kah, high-ranking government liaison having first-hand knowledge of the New World Order exposes the truth. Read his book and En Route To Global Occupation… Reference 14

    QUICK FACTS FROM TOM SCHAUF:

    First, we must uphold the Constitution . Please call the Hotline (217-854-750 4) weekly for new information. When a state considers a Constitution al Convention, concerned Americans call the Hotline and it gives us the names and telephone numbers of the legislators involved. It tells us exactly what to say, and to whom. The Hotline helps us to fight and win!

    Secondly, we must change the opinions of the masses with information. The brochure has been a big help, and once 10% of the population agrees to abolish the FED, the rest will follow.

    It is obvious the media (radio and newspapers) have lied about the FED and the efforts of FED-UP(tm) to educate people with the truth. This will not stop us - we will persist! Decide for yourself if you want to win America back. If 10,000 patriotic Americans each distribute 1,000 brochures, 10 million Americans will become informed. It would be almost impossible to stop people from talking about abolishing the FED if that many Americans were informed. Another way you can participate is to put a bumper sticker on your car. Over 1,000 people every month will see that bumper sticker about abolishing the FED.

    If you think our goal is impossible, remember this; only 3% of Americans supported the Revolutionar y War, and we won that war. We can win this war too, but only with your help.

    IN CLOSING

    For the secret owners of the FED to control the volume of money and become our absolute masters, they had to get the Gold away from our grandparents . This was accomplished in 1933 with the threats of fines and imprisonment s by their President Franklin D. Roosevelt with aide Harry Hopkins, who said… “Elect, elect, elect, tax, tax, tax, spend, spend, spend, for the people are too damned stupid to understand”. By the way, Roosevelt was an internationa l Banker. See Fool’s Gold is Green by Winston Smith.

    THE FED IS SLOWLY DESTROYING AMERICA

    Our government never had a chance…with political corruption ravaging its Constitution . The *real facts* don’t lie…and neither do government documents…Co ngressional Record, Congressman Wright Patman, A Primer On Money prepared by the Sub-committe e on Domestic Finance, House of Representati ves, Committee on Banking and Currency - 88th Congress, 2nd session, August 4th, 1964 and December 23, 1913, page 1464 & 1478.

    Congressiona l Record, Congressman Louis McFadden, June 10, 1932, House of Representati ves, pages 12604-12605

    Congressiona l Record, 98th Congress, 1st session, February 3, 1983, Congressman Ron Paul

    Congressiona l Record, Committee on Banking and Currency, House of Representati ves, 77th Congress, 1st session, Tuesday, September 30, 1941, pages 1342-1345

    THERE ARE MANY MORE CONGRESSIONA L TESTIMONIALS

    IS THERE BIAS IN THE MEDIA REGARDING THE FED?

    DURING THE TV PRESIDENTIAL DEBATES, CLINTON WAS ASKED SHOULD THERE BE RESTRICTIONS ON THE FED? THE NEXT DAY, MAJOR NEWSPAPERS SAID THEY COVERED THE WHOLE PRESIDENTIAL DEBATE TEXT, BUT MANY NEWSPAPERS ELIMINATED THIS ONE QUESTION. CHECK YOUR LIBRARY!

    The Revolutionar y War was fought and the Constitution was written to prevent other nations and private banks from issuing (printing) money and controlling our currency.

    In 1913, members of Congress committed treason and violated their oath of office to defend the Constitution against all enemies foreign and domestic by voting in the Federal Reserve Bank.

    For the New World Order to create a one world government, they must control a central bank, eliminate the Constitution  , end Christian values, disarm America, and control the media. The Council on Foreign Relations has openly said they will take us over in favor of a one world government. The American people must be warned or we may lose our freedom forever. If we do not demand our rights and uphold the Constitution  , the CFR and bankers will continue their march toward socialism. If we allow them to continue, they will abolish our rights and put an end to our present government. I urge all Americans to distribute the “main” FED-UP brochure (”saving $6000 in taxes per year, per person & bala

  81. I posted this previously on another site in answer to a question. In light of the topic here, it seems to fit so..

    Ron Paul Will Never Smell The Presidency.

    Ron Paul, Ron Shmaul.. This cat is never going to smell anything near the presidency. I see all the kool aid drinkers here and other websites stammering after Ron Paul like he’s some savior. What makes you think that just because he speaks truth this will get him the republican nomination and then the presidency? When was the last time truth won the presidency? I keep hearing and reading about Ron Paul taking on this person or said that..Etc..R on Paul does not have the staying power or MOST IMPORTANTLY, the will of the people to do anything. What I mean by this is the following: The American people are the dumbest, fattest, laziest, ignorant, not caring people in the world and I say this as an American. This does not apply to all areas of their lives, just the issues that everyone talks about here that would make one want Ron Paul as president. Go ahead take your shots at me but I see this everywhere I go and so do you, don’t lie to yourself. Those of you that say “not so” are only lying to yourselves. They don’t care that their country has been taken from them in little bits and pieces because they don’t really feel it nor see it. See, they don’t mind so long as you leave them in their 3-4 bedroom homes with their pool, video games, sports and barbecue (things of utmost importance to us). The powers that be are not stupid and realize this. They give the sheep their little homes and fun while keeping them in debt for it all. The bent over sheep think this is the order of things. Price of gas doubles or triples, American’s still pay it. War over there? No problem. Take it out of my taxes. Maybe a whimper here, a holler over there, but never enough to bug any of the PTB’s as they laugh all the way to the banks they created to rob us. The average American cares not about the war in Iraq or Afghanistan, until you remind them of it. Then they remind you of just how much they know about it.. Nothing. They love Fox News et al, because it’s convenient. It must be true, it’s on the tele! Bottom line is MOST DON’T CARE. How many times has one spoken to an average American only to see them not care and get mad at you for bringing up such issues.. Their standard answer: I have my own family to think about. I’m too busy taking care of my own family and self to care about such things. Other people take care of those things, why should I? Now please either shut up or leave and stop ruining my good time with my little home with pool and barbecue and toys. Please stop trying to make me think because “I DON’T WANT TO! SO LONG AS ALL THOSE THINGS HAPPEN OVER THERE(insert the latest where-ever) I’M FINE WITH IT. (even 911 was over there to some people, i.e.. not really close enough to them) They don’t realize that this is exactly what the PTB’s have created. Keep the plowed sheep semi-satisfi ed and busy (2-3 job households)e nough to make them do or care about nothing. They’ve done a great job at this. It’s tough to get sheeple to react when all their toys are intact so to speak or with just a bit of inconvenienc es. And so far the inconvenienc es they have are not nearly enough to get them think to turn on the useless grey matter they have. 911 was not enough. Nether was Afghanistan or Iraq. Price of gas? Whatever. Bitch and moan and do nothing. Patriot act? Must be good, it says Patriot! Many will vote for whatever name they hear the most on Fox, CNN etc. The repugs and democraps (they’re both the same party in case you didn’t notice) are busy right now with devious ways to marginalize, ridicule and just plain get rid of this Ron Paul gnat of a nuisance. That’s all he really is. Just a nuisance. He will never get equal time in the press. He will be called every name you can think of if he makes a dent and the average dumb American will buy it. I hope I’m wrong but it seems to me like it will be business as usual for the craps and repugs. And even though this repug(me) will vote for this man if he ever makes it that far, I predict Ron Paul will be forgotten.

  82. Great postings here. I agree it’s time to take on the money men, who have had things their own way for the last hundred years.

    Sometimes you see things a little more clearly from a distance. We will have to take good care for Ron Paul’s safety. Paul is making a difference - and those vultures take no prisoners, as the assassinatio n of JFK proved. Everything that has happened since, is the result of our failure to see the world as it really is.

    My little contribution here:

    http://www.o nlineopinion .com.au/view .asp?article =5131

    We are all in this together.

    Cheers from downunder….

  83. The Federal Reserve prints as much money as Congress wants to spend. Unfortunatel y, the more money is printed, the lower the value of that money. The people who get hurt the most from this are the low and middle class, for whom a 5% loss of value of their currency is a significant hit in terms of lifestyle.

    The gold standard has plenty of flaws too; Paul seems aware of this. He has mentioned in several interviews that he doesn’t advocate a return to the gold standard as it existed in the 19th century. But he DOES advocate the end of fiat money, and a serious discussion about alternatives that keep currency at a constant value.

    RE historical evidence supporting/a gainst fiat money: When a government goes bankrupt with fixed-value currency, they go bankrupt and can’t get any more money on loan. When they go bankrupt on fiat money, they just print more. The government keeps functioning, but the lower and middle classes are SCREWED. Witness Germany in the 20s and 30s. The government stayed stable even while people were carting their money around in wheelbarrows .

  84. I applaud Ron Paul for this, but right now might not be the best time polically for him to introduce this legislation. I certainly won’t say he shouldn’t.

    For his safety, etc, I hope he not only has Kelvar undies on, but a whole head to toe body suit of Kevlar.

    Right now a number of countries, including China are phasing out the Federal Reserve note. We ARE headed for a whopping financial crash, and those that will survive best are the ones that are buying gold and silver.

  85. I really don’t care about your opinion regarding the Federal Reserve.

    Article I section 8 states that Congress shall coin the money (not print it) and regulate (make uniform) the value thereof.

    Article I Section 10 states that: “No state shall… make anything but gold and silver tender in payment of debt.” The “Federal” Reserve isn’t anymore Federal than Federal Express.”

    Don’t like the Constitution  ? Fine, petition for a Constitution al Convention and amend it. The Federal Reserve Act was no law it was a coup d’etat and the the Fed is mostly foreign owned (Duke of Saxon-Coburg -Gotha) all the royal scum that we kicked out in 1776 have retaken lost ground. Printing money from thin air is the ultimate in lawlessness. The Fed has instigated and their foreign and domestic share holders have profited from every spilling of American blood since WWI.

    Read your Federal Reserve Note (note: a promise to pay per Blacks law dictionary)t he legal definition of a dollar is 371.25 grains of silver per the Coinage Act of 1792 (480 grains = 1 troy oz) Right now it is a promise to pay you nothing. In other words all of us wage slaves are paid for our labor in notes which the moment we receive them begin falling in purchasing power. We are actually robbed of our labor simply by paying our debts and saving money. And if you really want to be robbed work for a pension and then try to live on it in your old age. Ron Paul knows the Supreme Law of the Land but judging by this discussion not too many of our countrymen do. Research these facts we are running out of time. You cannot defend your rights if you don’t know what they are.

  86. So really, all this comes down to all you “libertarian s” accepting a federal bank!

    AAAAAHAHAHAH AHAHA!!!!!

    JMJ

  87. “The issue which has swept down the centuries, and which will have to be fought sooner or later, is the People versus the Banks.” - Lord Acton, 1875

    In the past, because of the controlled media, it has been very easy to squash any similar measures which were introduced. This time around, with the Internet and the buzz which has already developed around Ron Paul, this message is not going away. Even if Ron ends up getting suicided (Gods forbid…) it will simply serve as confirmation to a lot of people who were on the fence that what Ron was saying was very close to the mark.

    We could well be approaching the time of which Lord Acton spoke. Either that or the crash to end all crashes. It’s up to the people of the USA, really.

  88. Oh it’s Jersey McBrainwashe d spouting his totally uneducated garbage again! Grow up and get a life, you witless moron! It’s nothing and less than nothing to do with right, left or centre.

  89. ron knows we have a jewish problem and the there is no way out but directly THROUGH the jews….every jew a PEARL.

  90. http://www.s upremelaw.or g/fedzone11/ htm/chapter8 .htm

    Sincerely yours,
    /s/ Paul Andrew Mitchell, B.A., M.S.
    Private Attorney General, Criminal Investigator and
    Federal Witness: 18 U.S.C. 1510, 1512-13, 1964(a)
    http://www.s upremelaw.or g/decs/agenc y/private.at torney.gener al.htm
    http://www.s upremelaw.or g/index.htm
    http://www.s upremelaw.or g/support.po licy.htm (Support Policy)
    http://www.s upremelaw.or g/guidelines .htm (Client Guidelines)

    All Rights Reserved without Prejudice

    Our condensed list of IRS outreach resources:

    http://www.s upremelaw.or g/sls/nutshe ll.htm

  91. http://www.s upremelaw.or g/fedzone11/ htm/chapter8 .htm

  92. www.supremel aw.org/fedzo ne11/htm/cha pter8.htm

  93. Sorry about the dupes:
    there was a software error
    when posting my message.

    /s/ Paul Andrew Mitchell

  94. I hear our currency has devalued 40% of its worth is just the past 10 years.

    Wages have not changed very much.

    Who is responsible for the inflation???  ?

  95. He probably wants to go back to the gold standard. Bla, bla, bla…

    JMJ
    What’s wrong with going back to gold bitch?

  96. I think I agree mostly with Elias’ comments. Ron Paul doesn’t stand a chance but that doesn’t mean I won’t support or vote for him. Ron Paul’s value is in the fact that he is speaking truth. If he is eliminated via media blackout or assassinatio n, others will pick up the torch and keep speaking truth. We’ll use the internet while it is available. When it isn’t, we’ll use pamphleteeri ng. There is a lot at stake here. It is time to start confronting the average selfish, ignorant American with the truth. Tell your neighbors what you know about the reality behind the mainstream media headlines. The only way to take back the country (and the world) is by spreading the truth.

  97. vic:

    The problem with gold is it is all owned and controlled by the same small group of people, and just like fiat currency they could therefore control how much of it was in circulation. Going back to a gold standard would be tantamount to swapping the frying pan for the fire.

  98. It’s clear that….

    Steve O & Jersey McJones are FEDS!!!

    How on Earth can you justify our government ripping us off since the early 1900’s?!

    We will DESTROY the IRS and Federal Reserve or they will continue to enslave us.

    Peace to all of those fighting the good fight

  99. Ron Paul is on the right track. I pray that he does not have some “mysterious accident” over this in the next few months. For those of you who perhaps need a little education on the Fed, I suggest you read Charles H. Coppes’ “America’s Financial Reckoning Day”. I believe this is an excellent book on the subject at hand.

  100. Benjamin, you are probably right. I’ve noticed in the last few weeks dozens if not hundreds of government shills trying to debunk 9/11 truth, the war on terror and other issues. They are losing the information war. They refuse to acknowledge plain facts. They lie. Ultimately, they resort to name calling: wacko, idiot, nutcase, moron, etc. Then they call very decent, patriotic, intelligent people “unamerican”  , say they are aiding Al Queda, and even that they are terrorists themselves. As time goes on, it’s becomming easier and easier to see who these shills are, as they are one track, they are name callers, and they are trying to intimidate those who are objective and use rational logic. Take a look at this website, “Screw Loose Change”, so named after the Loose Change video. These people aren’t real! They are CIA shills. It’s too obvious. This was an eye opener for me. It helps us to understand their mechanisms. The debunkers have become so desperate that they have become way too one track, careless, and just plain sloppy. In fact, it’s obvious that many different e-mails with supposably different authors are written by the same people! My favorite name they call us is truthers, and also troofers. Pretty intelligent, huh? Well, if we are truthers, what does that make them, liars? I believe it does.

  101. “Steve O & Jersey McJones are FEDS!!!”

    Whoo, doggie.

  102. It’s all so clear to me now.

    How could I not have seen it before?

  103. Ron Paul is driving a stake into the heart of the Vampire that’s destroying America. Don’t Worry Dr. Paul, you have millions with you driving that stake in the heart and getting back to honesty, freedom and good government.

  104. Letter from website, “Screw Loose Change” Does this look like a letter someone would really write?

    “thanks for opening my eyes to what really happened that day. i’m ashamed that i believed all the bullshit Loose Change fed me. God Bless you man
    anonymous | 05.06.07 - 9:39 pm | #

    And the response and acknowledgme nt:

    Don’t feel bad, it takes a big man to be able to admit to being wrong.

    Gotcha!
    anonymous | 05.08.07 - 2:52 pm | #

    Another one:

    Thank you for opening my eyes and making me realize that the government official story is dead on accurate. I can’t believe I ever would have thought that Bush and Cheney could lie to the American people. Bush is a good Christain who realizes we need to kill those S.O.B. s over there so they can’t kill us here. 650,000 dead and counting — how you liking that Osama?
    Lemming | 05.07.07 - 2:08 pm | #

    And another phoney letter. Notice the small i when referring to himself. Written by the same person who called himself anonymous:
    i am so glad i came across this site. this site is doing top-notch grade A 100% perfect work dedicated to the truth using real evidence, real data, and above all real engineering analysis. keep up the fantastic work! i look forward to visiting every day for the latest and greatest!
    darklordbri | 05.10.07 - 10:39 pm | #

    He looks forward to visiting everyday? Why, to be fed more horseshit?

    Look at this. One part of a letter:

    “…So now the shoe is on the other foot. Years later and the truther movement has become so stale, predictable, and foolish that it is routinely mocked as twoofer territory, combining truther with doofus. And it is their tiny splinter movement that is sometimes refered to as a moo-vement.

    Is this man smart, or just a smart ass?

  105. Once again, the braindead, American Dolt spews forth a whole lotta bullshit ignorance. Please explain, in detail, how this SHIT, RACKET, called the Federal Reserve works? If you can’t do that, Stick to American Idol reruns because you FUCKING BORE ME TO DEATH!

  106. I can’t believe I ever would have thought that Bush and Cheney could lie to the American people.

    Anyone remember Pat Tillman?

  107. Jersey McJones, what is your real name? Hebe McGreenspano witz?

  108. Soldier: Army ordered me not to tell truth about Tillman

    http://www.c nn.com/2007/ POLITICS/04/ 24/tillman.h earing/index .html

  109. Not sure if this has been mentioned before but Ron Paul does serve on the House Committee for Financial Services (oversight of the Federal Reserve is part of it). For those of you dismissing him as a nut, ya better take another look.

    http://finan cialservices .house.gov/w ho.html

    Instead of condemning Ron Paul, you should take the time to research this further and then be outraged that this has gone on for so long. Then I would be greatful that there is at least one person brave enough to speak up about it.

    President Kennedy saw what was happening and signed Executive Order No. 11110 to strip these locust of their power over the U.S. The order was that the U.S. be able to print their own money. Imagine that? Five months later he was dead and the monetary notes that were issued were called out of circulation very quickly thereafter.

    Let’s not forget President Lincoln either. The only other President to give the U.S. the power to print it’s own money because the banks tried to charge the U.S. 25-35% interest to borrow money for the war.

    Coincidence that the only 2 Presidents who wanted to get out of the entanglement of these ruthless private bankers were assasinated?   Perhaps, but I am holding my breath if Ron Paul get’s anymore popular as a viable Presidential Candidate.

  110. Google this headline:

    Soldier: Army ordered me not to tell truth about Tillman

  111. Elias Says :
    June 17th, 2007 at 4:50 pm

    “I posted this previously on another site in answer to a question. In light of the topic here, it seems to fit so..”

    Yeah, it got such a huge response on your last post you’d thought you’d post it here. Sounds like you are praying to your god that he is forgotten. Take a hike Zionist. Your stench is coming through my computer.

  112. John Q Public; easy tiger, Elias has done nothing but speak the truth. Nothing “Zionist” in anything he’s said. It’s a wake up call, and one that everyone should be aware of. No matter how popular Ron Paul is on the Internet, it’s out in the real world where people need to know who he is and what he stands for - and until we (every last one of us) get off our asses and shove it in people’s faces, nothing is going to change.

  113. Paul offers a peaceful, democratic solution to our problem. If the gold standard was imperfect, the paper system has been a miserable failure by any standard. The Dollar has to collapse, and when it does, it will be replaced by a new global currency. People on these sites erect straw men to confuse the issue. If people won’t listen to reason, they are part of the problem. The smartest people on this planet have avg. IQ’s of 109, meaning they are functionally retarded compared to me. Really, what hope is there of waking people up in time to prevent a bloodbath? One false flag op in the US and every scared and ignorant fellow is going to want to nuke Iran for the internationa l banks. Iraq switched to euros when Clinton was still n office, Iran just did. Paul could save us, just raising awareness is a victory. Beware of the intentionall y obtuse.

  114. For the J.Mc.J. charactor.
    Ben Franklin said, “Tricks and Treachery are the practice of Fools that don’t have brains enough to be Honest”. I like this and it seems to fit the brainless idiots out there. Better start thinking before it is too late.

  115. Frankly I’m stunned at the “know it alls” here that claim the Federal Reserve is a good thing for the United States.

    Many other nations own their money, control their money and have no problems at all. China for example, owns its yuan and its government determines its value. They are doing spectacularl y well, and actually own most of our debt. That means to put it in the simplest terms….China owns most of the United States.

    The Federal Reserve apologists here should be ashamed of themselves.

  116. Here are the facts as I see them. The Federal reserve as diabolical as it is is simply the Rothschild’s  , AKA Bank of England’s franchise for the US and Canada. All countries are controlled under this franchise system except for 5 which will soon be. They are Iran, Syria, North Korea, Cuba, and Libya. The Rothschilds are granted fee simple ownership of earth by the owner in allodium which is the Vatican. It’s the same as you “own” your home, as long as you pay the taxes “rent” you get to use it. This rental “ownership” is enforced by the Jesuits. The Pentagon is the enforcement arm of the Rothschild (boe) cabal. For example the franchisee for the US and Kanada is the Rockefeller family who has 1/3 of the ownership. This is a typical franchise arrangement with the Rothschilds. Kanada is an exception since it’s franchise is owned by the Fed of New York and the sub franchisee for Kanada is the Bronfmans. This system had it’s beginning in 1689 when the bankers went to Mary, Queen of Scots and demanded the chartering of a central bank to be known as the Bank of England which was to create the empires money at debt. Mary refused and was deposed in favor of William III of Orange a German who chartered the bank in 1694. Every war since 1694 has been a bankers war. Israel was taken not as a home for the jews but as the new home for the Rothschild cabal and the Vatican upon implementati on of the new world order and it requires that the entire middle east is controlled by Israel before this can happen. Under this system income taxes are not used to pay for government programs. Those taxes are to pay interest and the rest is deleted from the system to keep inflate controllable . The reason congress and other governments allowed this evil system to be implemented is it’s easy money for them. They don’t need to balance any budgets and waste is part of the system because in order for money to be created the government must borrow it into the system. No waste and the supply dwindles until there is recession and depression because the interest cannot be created. Interest is the inflation in the system.

  117. Since the Federal Reserve is Illigal, and the Congress Refuses to represent the people, then that means “NO TAXATION WITHOUT REPRESENTATI ON”. Another Boston Tea Party is in order. It also means that the Congress is NOT VALID since the members are not upholding the Constitution which means we don’t have a valid government.I f the majority of Americans were to stop paying thier income tax (Since the Constitution doesn’t require us to pay)and everybody demanded a jury trial when the gestapo drags us into court, It would clog up the justice system.A target date needs to be set to START TAKING OUR COUNTRY BACK!!.The owners of the FED are the jewish desendents of the money changers back in the biblical days that JESUS CONDEMED.I don’t know but maybe HITLER WAS RIGHT and saw what these money changers were doing to Germany. At any rate we need to organize nationwide and fast. Any suggestions?

  118. Give those antichrist jews hell…….

  119. Why do most of you think we need a gold standard to replace the paper? End the fiat fiasco & limit national government s reach & give the state & local agencies back the control for the rest.

    We can place value on anything we create, and we the people can be free to invest in whatever “thing” we believe HAS value…

    Imagine schools competing for kids, if they weren’t funded automaticall y thru federal money they have to answer to parents as to the validity of their programs. The same with roads, goods & services; we can elect to invest & be shareholders or abstain & not partake. This of course requires us to stop with the entitlement/ victim mentality, each person will have to ante up their part! Are the American people ready for the responsibili ty? Big Government would have you weak, or too uncaring- I say we are neither weak nor apathetic! Time to prove it.

    Reducing Federal controls & monetary reform will not mean the citizen doesn’t pay into important programs, it just means we will get to truly choose what matters to each of us.

    It also means we will have to be involved; I believe we are ready for taking back that level of responsibili ty… if not then Dr. Paul’s motion will fail. All we have to do is get involved, contact our elected folks which is so easy: http://www.c ongress.org/ congressorg/ dbq/official s/?lvl=L

    Time to act!

  120. Ron Paul is a fake!

    He is working for the Zionists as well or they wouldn’t be allowing him any air time on their television networks.

    He still contends that 9/11 was done by Usama Bin Laden, (correct FBI spelling), and 19 Arab hijackers, when we all know it was sanctioned by The Rothschild’s  , who own and have always owned the Federal Reserve as well as the country of Israel.

    Through the issuance of our money and the blackmail and promotion of our so called elected officials, they control us and they always have.

    The United States really should be rightfully called the Zionist United States of Israel.
    Only the people living inside Plato’s imaginary cave haven’t figured it all out!
    YET!

    True Americans would never have been convinced they should blow up the World Trade Center and murder their own people, but, Zionist Israeli’s wouldn’t have a problem with it!
    Nor, for that matter, would cowardly, pedophile, blackmailed politicians.

    Ron Paul is only blowing hot smoke about abolishing the Federal Reserve Bank.

    He wants to return to a “Gold Standard” backed currency.

    But, who owns that majority of the World’s Gold Mines and Gold and is driving the price of gold through the roof through Fear Mongering?

    Once again the answer is…………………..

    THE ROTHSCHILD’S  : owners and financiers of the World’s Mainstream Media.

    There is NO GOLD in Fort Knox!
    It was stolen and put back into Rothschild owned Bank of England a long time ago.

    The world has become the parasitic host to a Zionist infestation that is killing its host.

    Our founding Fathers and countless other prominent men warned us about this plague for centuries.

    It is all a smoke screen.
    The Mossad motto: By way of deception thou shalt do war.

    ESCAPE THE CAVE.thou shalt do war.
    http://www.a sylumgoons.b logspot.com

  121. Ron Paul is a fake!

    He is working for the Zionists as well or they wouldn’t be allowing him any air time on their television networks.

    He still contends that 9/11 was done by Usama Bin Laden, (correct FBI spelling), and 19 Arab hijackers, when we all know it was sanctioned by The Rothschild’s  , who own and have always owned the Federal Reserve as well as the country of Israel.

    Through the issuance of our money and the blackmail and promotion of our so called elected officials, they control us and they always have.

    The United States really should be rightfully called the Zionist United States of Israel.
    Only the people living inside Plato’s imaginary cave haven’t figured it all out!
    YET!

    True Americans would never have been convinced they should blow up the World Trade Center and murder their own people, but, Zionist Israeli’s wouldn’t have a problem with it!
    Nor, for that matter, would cowardly, pedophile, blackmailed politicians.

    Ron Paul is only blowing hot smoke about abolishing the Federal Reserve Bank.

    He wants to return to a “Gold Standard” backed currency.

    But, who owns that majority of the World’s Gold Mines and Gold and is driving the price of gold through the roof through Fear Mongering?

    Once again the answer is…………………..

    THE ROTHSCHILD’S  : owners and financiers of the World’s Mainstream Media.

    There is NO GOLD in Fort Knox!
    It was stolen and put back into Rothschild owned Bank of England a long time ago.

    The world has become the parasitic host to a Zionist infestation that is killing its host.

    Our founding Fathers and countless other prominent men warned us about this plague for centuries.

    It is all a smoke screen.
    The Mossad motto: By way of deception thou shalt do war.

    ESCAPE THE CAVE.
    http://www.a sylumgoons.b logspot.com

  122. Elias: I agree with the general content of your post, but disagree with your allegation that all Ron Paul supporters are “Kool-Aid Drinkers”. I, like you, feel that Ron Paul has precisely 0% chance to win the Republican nomination, and even less the Presidency. That said, he speaks the truth, and I will support the truth. I’m not going to give support to one of the other lying SOBs simply because they’re likely to win - they’d have to earn my support - which they haven’t.

  123. For all you loony conservative  , objectivist, libertarian, anti-semitic morons who posted on this, I have only one thing left to say to you - if you think the IRS and the Fed is the root of your problems, then you should all just pack up and move to Somalia, the libertarian utopia.

    (And wow! Thanks for reminding us who the real anti-semites out there are - and it ain’t the libs who don’t like the Israel/Pales tine situation!)

    JMJ

  124. Jeez Louise.

    Let’s see if I’ve got this straight.

    The joos control the federal reserve and, through it, America and the world.

    Anyone who supports the federal reserve must be either a joo or a servant of the joos.

    With you so far…but

    You would think that anyone who opposes the federal reserve would be a good joo hater but no…they must be a fake…either a joo or a servant of the joos or the joos would have them killed.

    Damn, it’s almost like Nazi era Germany: the joos control the world’s wealth and the only way to wrest control back from the joos is to kill all the joos.

    Have I got it straight?

  125. “the FEDERAL RESERVE DOES NOT PRINT MONEY!”

    — sure, i bet a history buff knows more about the fed than someone on the house monetary committee?

    oh thats right, we don’t print it.. we just borrow from china.

  126. But wait…doesn’t that make all these opponents of the federal reserve who have commented here fakes also?

    After all, the joos are still allowing them to suck air.

    Shouldn’t they all be dead?

    THEY’RE ALL FAKES…SERVAN TS OF THE JOOS!

  127. I’ve NEVER had anything against the Jewish Community!!! And neither has RON PAUL! And who are you calling morons? The IRS and Federal Reserve are obviously the root of our country’s problems!!! Both were illegally instituted by a group of anti-semitic Nazis that infiltrated the United States and achieved a silent coup d’etat. Our country is being sold right underneath our very noses while these modern day globalist and again anti-semitic Nazis borrow money FROM CHINA to fund military operations to achieve their long desired conquest of the Middle East. AND WE ARE MORONS!?!? You go ahead and move to Somalia Jersey McJones, you know not of the utopia in which you speak… WE TRUE AMERICANS will fight to the death to restore our once great constitution al republic. WE SHALL BE FREE from the hands that have enslaved us for almost 100 years! We will STOP policing the world and we will promote peace in Israel and Palestine. THE REVOLUTION IS COMING…

  128. It seems like wide global problem since most central banks throughout the world, with very few exceptions, are privately owned or controlled by very few wealthy men. Namely Rotchilds’ valued at about 114 trillions and Rockerfeller ’s at about 22 trillions. That means that Billy Gates and Warren Buffet are very poor indeed with only around 40 billions in net worth. This data is largely unsupported because of their (OMM= our money masters’) supreme secrecy until you add all their ownerships in banks, oil, pharmaceutic als, media , and military equipment corporate investments. OMM also controls most of our worldly governments and institutions . When you have unlimited easy money access for over 300 years for the Rothchilds and over 100 years for the Rockefellers it is no longer a question of question that you can buy anything you want, but more a question that you can buy everything that exist whether you need it or not. There is a chance that USA can take the lead and repeal the Federal Reserve Act and bring back the monetary power back to the people. The chances and the challenge is awsome if not unsurmountab le. Just look at the presidential candidates for 2008, they are mostly all members of the CFR (Council Foreign Relation - New World Order) AKA Rockefeller. Our money masters OMM control the money with which they control the medias, politicians, governments and intellengent angencies (SS), and the military. Will there be enough citizens to turn off their controlled information television sets long enough to regain our true freedom? It took them a great deal of time to amass such wealth and power and they will not give it up that easily. I will vote for Ron Paul if given the opportunity and his campaign to become a contender for the presidential elections are successful.

  129. Wow!!! So much ignorance in the forum… let me help you get this straight The Fed is Dead. The Federal Reserve DOES print our money, but they are a private bank. Our government DOES NOT print our money, our government borrows money from the Federal Reserve and guess who pays the interest on it?! WE DO! The American Middle Class suffers from the whole process! The Federal Reserve prints money w/ no rhyme or reason, which is why we’ve had a floating currency since the 70’s. The private bankers (Federal Reserve) took ALL of our gold and silver and now the American people have NOTHING LEFT expect almost 9 trillion in debt. ON TOP OF THAT, our government is borrowing billions and billions from CHINA to fund our military. China doesn’t print our money! To make it even worse the INCOME TAX that we all pay the IRS goes straight the same private banks. OUR INCOME TAX PAYS FOR NOTHING! We are getting RAPED! The debt keeps piling up and we keep expanding our military operations so that we gain control of the Middle East. The second we get rid of the IRS and Federal Reserve there will be NO MORE INFLATION and we can finally pay back our national debt.

    GET IT, GOT IT? GOOD!

    If not then EDUCATE YOURSELVES!!  ! Learn the truth people, this is the beginning of the end of our great nation and it’s people.

    http://video .google.com/ videoplay?do cid=-1656880 303867390173

  130. Craig,

    These people are delluded loonies. We might not always like what the fed does, but to abolish it is to throw the baby out with the bathwater. Personally, I wish we had a central bank, but the fed was the best we could get. And ten there’s just the plain ol’ reality factor - we are NOT going back to the gold standard, ever. Get used to it. This fanciful rhetoric will get us nowhere. It will accomplish nothing. It is a diversion from reality and a waste of time.

    As for the anti-fed anti-semties - hey, just read the posts!

    JMJ

  131. And why do you stupid anti-feds think the fed prints money? Whoever put that stupid idea in your heads?

    JMJ

  132. And just in case you didn’t know….. Prescott Bush, grandfather to G.W. Bush and father to G.H.W. Bush WAS A NAZI!!! Prescott married into the Walker family and took a position at Union Banking Corp. Guess who his 1st account was?! Fritz Theisen… in 1913 he was the RICHEST man in Germany. THE MAN that completely funded the whole NAZI movement and completely stood behind HITLER!!! Bush laundered MILLIONS of Nazi blood money and even attempted to overthrow President Woodrow Wilson in 1919 along w/ J.P. Morgan and Paul Warburg, 2 other known NAZIS bankers! Again… EDUCATE YOURSELVES!!  !

    http://video .google.com/ videoplay?do cid=-6495462 761605341661 &q=Alex+Jone s%3A+martial +law&total=5 87&start=0&n um=10&so=0&t ype=search&p lindex=0

  133. Jersey McJones, you know NOTHING OF THE TRUTH! Our government has not printed it’s own currency SINCE 1913!

    Again… the Federal Reserve is a PRIVATE BANK! The Federal Reserve IS NOT our government! Our government BORROWS money FROM the Federal Reserve.

    How can you remain so ignorant, you obviously have NO CLUE as to what is going on in the world or this country. You’re about as American as a Chimichanga!

  134. Jersey McJones is A FED!!!

    Who do you work for Jersey?

    FBI?

    CIA?

    You are no good, I do believe you’ll burn in hell for trying to mislead the people. We are coming for YOU!

  135. Ben,

    The treasury prints money. The fed leverages the price of that money so as to regulate the amount of money in circulation.   Of course the government borrows money! Everyone borrows money! If you have a credit card, and you use it, you’re borrowing money! If the government simply printed money whenever it needed it, inflation would go through the roof! The fed is the go-between for the federal government and the banking sector. It serves to maintain the value of our currency.

    Look, if you want to point fingers at who to blame for the lowered internationa l value of the dollar, point them at the “free traders” and the cheap labor cons, the union-buster s and the “illegal” immigrant bashers, the MIC and the war mongers. Not the fed. They have little to do with all that.

    You are one silly dude.

    JMJ

  136. FOR ALL THAT IS HOLY AND TRUE!!!!

    Quit LYING!

    If our GOVERNMENT printed it’s own money, there WOULD BE NO INTEREST!

    The FEDERAL RESERVE prints money WHENEVER and HOWEVER it wants to!

    That IS WHY INFLATION HAS GONE THROUGH THE ROOF!

    That IS WHY INFLATION even exists!!!

    IF OUR GOVERNMENT printed the dollar bill there would be NO INFLATION!!!

  137. There is nothing “holy,” Ben. There is no God.

    Look, the government prints the money. That’s a fact. The amount they print is suggested by the fed, but the fed does not control it. The fed sets rates of interest for borrowing and buying money. They do this so that people, businesses, banks and the government don’t fuck up the currency. It’s that simple.

    Go take an economics class and then try to debate me. Otherwise, you’re way outmatched here.

    JMJ

  138. Truth is generally the best vindication against slander.

    If you would win a man to your cause, first convince him that you are his sincere friend.

    Abraham Lincoln

  139. The government, which was designed for the people, has got into the hands of the bosses and their employers, the special interests. An invisible empire has been set up above the forms of democracy.

    Woodrow Wilson

  140. “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit.Our system of credit is concentrated . The growth of the nation,
    therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by
    the opinion and duress of a small group of dominant men.”

    Woodrow Wilson in reference to signing the Federal Reserve Act in 1913

  141. Any who question Dr Paul have obviously not done their research into the private Federal Reserve

    Watch Aaron Russo’s America: Freedom to Fascism
    http://video .google.com/ videoplay?do cid=-4312730 277175242198 &hl=en

  142. “The government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government s greatest creative opportunity. The financing of all public enterprise, and the conduct of the treasury will become matters of practical administrati on. Money will cease to be master and will then become servant of humanity.”

    Abraham Lincoln

  143. Thank you, MATT!!!

    You truly are a friend of the republic and the American people!

    Keep fighting the good fight, brother!

  144. “We are grateful to the Washington Post, the New York Times, Time magazine and other great publications whose directors have attended our meetings and respected the promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the world is now more sophisticate d and prepared to march towards a world-govern ment. The supranationa l sovereignty of an intellectual elite and world bankers is surely preferable to the National auto-determi nation practiced in past centuries”.

    - David Rockefeller, In an address to a Trilateral Commission meeting in June of 1991

  145. What ECONOMIC CLASS did you take Jersey McJones?!

    One in which the curriculum was chosen by THE FEDERAL GOVERNMENT!!  !

    YOU ARE A SLAVE AND SHALL REMAIN A SLAVE….

    Do us all some good and swallow the RED PILL! There’s no going back once you do.

  146. “Be not deceived. Revolutions do not go backward.”

    Abraham lincoln

  147. JMJ, the Federal Reserve may not PRINT the money, but it has FULL CONTROL of the money.

    Do you REALLY believe that a private organization should control the monitary system of this country??

    It’s a recipe for sure disaster.

  148. Jersey McJones Says :
    June 18th, 2007 at 9:49 am

    There is nothing “holy,” Ben. There is no God.

    Look, the government prints the money. That’s a fact. The amount they print is suggested by the fed, but the fed does not control it. The fed sets rates of interest for borrowing and buying money. They do this so that people, businesses, banks and the government don’t fuck up the currency. It’s that simple.

    Go take an economics class and then try to debate me. Otherwise, you’re way outmatched here.

    JMJ

    Hey, Jersey McFuckwit, something else your history expertise taught you, huh? “There is no God”. You a Freemason too, are you? You give yourself away, old shill…

    As it happens, I agree about there is no God in the way that most people think, but I won’t go into that, I don’t want to baffle you more than you are already. Your understandin g of everyday concepts is loose enough as it is, your verbal diarrhoea is proof enough of that! ;-)

    And believe it or not, you thick cunt, you’re actually right in that the Fed doesn’t “print” the money. Unfortunatel y, you have never taken an economics class in your life, nor a history class - or you’d know at least a little bit about how the Fed came into being. If you knew how the Fed came into existence you’d know it is privately owned, like the Bank of England on which it was modelled.

    What happens is, the Fed “issues” the money; ie; it makes the book-keeping entries which constitute the loans which magic it into existence. It is of course the treasury that actually does the printing. But, the actual issue of the currency is done by the Fed. As you well know.

    You’re way outmatched here. You see, if you were really who you say you were, you wouldn’t be talking such utter drivel. A history major married to a history teacher would at least know the quote which Benjamin just listed by Woodrow Wilson, and what it is in reference to.

    Can’t you tell when you’re outnumbered on your own blog? You and Steve O must be up each other’s asses, the way you started off the topic and then jumped on the bandwagon together. I bet you’re disappointed so many people are far more informed than you are though, huh? Now come on and tell me I’m 14 or something, please. Or a filthy anti-Semite…  ! LOL!! You lost all your credibility way back at the start, and not a single person believes you actually are a history major any more. You’re tilting at windmills, fuckwit; that’s all you got… :-D

  149. […] Paul and the Federal Rese rve Jump to Comments According to Steve O. on his blog site, Presidential Candidate Ron Paul has drawn up legislationw hich would abolish the Federal Reserve.  Amen!  Although the bill text hasn’t been posted yet, keep your eyes open for H.R. 2755.  Get ready to call and write your representati ves and urge them to vote yes.  […]

  150. Incidentally  , JerseyMcFuck wit, have you ever heard of Fractional Reserve Banking? Do you think that’s a good idea too?

  151. Benjamin,

    Even if government created money as oppose to the the private Federal Reserve we would have inflation if we created more money than population, goods and services growth as too much money would chase too fewer goods, and services. You can only contain inflation by perfect match up with the amount of money available equal the amount of things you can buy (growth). A very easy thing to do with our computers power these days. The Romans emperors who use to debase their gold coins had shown us us some 2k years ago how inflation is caused. Dark ages is 1.6 billion in Roman money circulation in Roman’s final time to 180 million only in circulation by 1300 CE (AD). The most difficult solution is who regulates our money supply after the FED is repealed and out. You can not leave it to the politician as they will create more money to stay in power. Maybe an elite group paid much above the average wages but not CEO style that is 500% above normal wages but maybe 4 x above and sworn to never take a penny elswhere or their relatives, on penalty of death and reviewed anually for their wordly wishes to be met as satisfaction will beget some form of uncorruptabl e homo sapien. You can’t transfer the power of creating money from one evil entity to another awaiting to be evil over time. We need an answer. When I say creating money it means printing money is only 3-5% of our money supply and loans, mortgages, corporate take overs, and credit cards is almost 95% of the money in play.
    A viable solution is needed or the vacuum will suck our money away again.

  152. Hey JMJ-. You’ve been blinded like so many. Probably a product of public education.(r ead gov) The Fed is a private corp,doesn’t pay taxes,and has never been audited. Wonder why. If you think the Fed was established to help us,(fed est. 1913,what happened in 1929/ duh)DO some homework before you espound

  153. Jonny Ann:

    yes, inflation would still exist to some extent if the government issued the money instead of a private bank. However, if it was issued by a democratic govnerment there would be no desire to deliberately introduce inflation. There will always be a small amount of inflation naturally, but 95% of it is caused by the issue of too much currency.

    The viable solution is to abolish the Fed and outlaw Fractional Reserve Banking. Full reserve banking is the only type that should exist. That way, even if the currency WAS issued by a private bank, at the very least they could only issue as much currency as they had on deposit. The current system means quite literally they are allowed to create money out of nothing - and then multiply it by 10 and issue that at interest.

    “Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them but leave them with the power to create credit, and, with a flick of the pen, they will create enough money to buy it all back again. Take this power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this world would be a happier and better world to live in. But if you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit.” - Lord Stamp, a Director of the Bank of England, in a speech in 1940

    “I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply controls the British Empire, and I control the British money supply.” - Nathan Rothschild, 1819

  154. Watch you tail, Ron Paul!

    The last guy who wanted the same thing was JFK and he had a accident in Dallas shortly after making laws to outlaw the Federal Reserve. LBJ made it one of his first things to do and that was to give the Fed their power back. He knew which side of the bread was buttered and which was not!

  155. Wow. I never realized how venomous and rabid the anti-fed crowd was!

    On Fractional Reserve, I don’t have much of a problem with that practice, though it should be limited in scope, among the banks, but I do get concerned when the insurance industry gets into that sort of practice. That’s why the insurance rates soared after the last market crash (as opposed to the imaginary “tort” problem).

    1929 had less to do with the fed than it had to do with regulation of the stock market and risky speculative lending. It’s actually a perfect example of why we need the fed! But it’s a better example of why we need the SEC and FTC, et al.

    Look guys - the fed isn’t going away. So think of another way to change America. You’re never going to win this one. If you want the fed to behave differently, as I do, then lobby your elected reps. But to throw out the fed and bring back gold, is ignorant of history and unbelievably unrealistic.

    JMJ

  156. Here are some quotes on the Federal Reserve and bankers for those of you who never bother to do the research…

    “A great industrial nation is controlled by it’s system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world–no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men.” –President Woodrow Wilson

    Thomas Jefferson
    “I believe that banking institutions are more dangerous to our liberties than standing armies.
    Already they have raised up a monied aristocracy that has set the government at defiance. The
    issuing power (of money) should be taken away from the banks and restored to the people to
    whom it properly belongs.”–Th omas Jefferson, U.S. President.

    Andrew Jackson
    “If Congress has the right [it doesn’t] to issue paper money [currency], it was given to them to be
    used by…[the government] and not to be delegated to individuals or corporations ” — President
    Andrew Jackson, Vetoed Bank Bill of 1836

    James Madison
    “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance”. — James Madison

    “Whoever controls the volume of money in any country is absolute master of all industry and
    commerce.” — James A. Garfield, President of the United States

    “When you or I write a check there must be sufficient funds in out account to cover the check,
    but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn.
    When the Federal Reserve writes a check, it is creating money.” — Putting it simply, Boston Federal
    Reserve Bank

    “Neither paper currency nor deposits have value as commodities, intrinsicall y, a ‘dollar’ bill is just
    a piece of paper. Deposits are merely book entries.” — Modern Money Mechanics Workbook,
    Federal Reserve Bank of Chicago, 1975

    “The Federal Reserve system pays the U.S. Treasury 020.60 per thousand notes –a little over
    2 cents each– without regard to the face value of the note. Federal Reserve Notes, incidently, are
    the only type of currency now produced for circulation. They are printed exclusively by the
    Treasury’s Bureau of Engraving and Printing, and the $20.60 per thousand price reflects the Bureau’s
    full cost of production. Federal Reserve Notes are printed in 01, 02, 05, 10, 20, 50, and 100 dollar
    denomination s only; notes of 500, 1000, 5000, and 10,000 denomination s were last printed in
    1945.” –Donald J. Winn, Assistant to the Board of Governors of the Federal Reserve system

    “We are completely dependant on the commercial banks. Someone has to borrow every dollar
    we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous;
    if not, we starve. We are absolutely without a permanent money system…. It is the most important
    subject intelligent persons can investigate and reflect upon. It is so important that our present
    civilization may collapse unless it becomes widely understood and the defects remedied very soon.”
    –Robert H. Hamphill, Atlanta Federal Reserve Bank

    “Most Americans have no real understandin g of the operation of the internationa l money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States” — Sen. Barry Goldwater (Rep. AR)

    “This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President
    [Wilson} signs this bill, the invisible government of the monetary power will be legalized….t he worst
    legislative crime of the ages is perpetrated by this banking and currency bill.” —
    Charles A. Lindbergh, Sr. , 1913

    “From now on, depressions will be scientifical ly created.” — Congressman Charles A.
    Lindbergh Sr. , 1913

    “The financial system has been turned over to the Federal Reserve Board. That Board asministers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money” — Charles A. Lindbergh Sr., 1923

    “The Federal Reserve bank buys government bonds without one penny…” — Congressman
    Wright Patman, Congressiona l Record, Sept 30, 1941

    “We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it”. — Congressman Louis T. McFadden in 1932 (Rep. Pa)

    “The Federal Reserve banks are one of the most corrupt institutions the world has ever seen.
    There is not a man within the sound of my voice who does not know that this nation is run by the
    Internationa l bankers — Congressman Louis T. McFadden (Rep. Pa)

    “Some people think the Federal Reserve Banks are the United States government’s institutions .
    They are not government institutions . They are private credit monopolies which prey upon the people
    of the United States for the benefit of themselves and their foreign swindlers” — Congressiona l
    Record 12595-12603 — Louis T. McFadden, Chairman of the Committee on Banking and
    Currency (12 years) June 10, 1932

    “I have never seen more Senators express discontent with their jobs….I think the major cause is
    that, deep down in our hearts, we have been accomplices in doing something terrible and
    unforgiveabl e to our wonderful country. Deep down in our heart, we know that we have given our
    children a legacy of bankruptcy. We have defrauded our country to get ourselves elected.” — John
    Danforth (R-Mo)

    “These 12 corporations together cover the whole country and monopolize and use for private
    gain every dollar of the public currency…” — Mr. Crozier of Cincinnati, before Senate Banking and
    Currency Committee - 1913

    “The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the
    currency… I do not like to think that any law can be passed that will make it possible to submerge
    the gold standard in a flood of irredeemable paper currency.” — Henry Cabot Lodge Sr., 1913

    “The few who understand the system, will either be so interested from it’s profits or so dependant
    on it’s favors, that there will be no opposition from that class.” — Rothschild Brothers of London, 1863
    “Give me control of a nation’s money and I care not who makes it’s laws” — Mayer Amschel
    Bauer Rothschild

    “The money power preys upon the nation in times of peace & conspires against it in times of war. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who even question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me & the financial institutions at the rear, the latter is my greatest foe.
    - President Abraham Lincoln

  157. Note that all those quotes are from way back when. Only far-out libertarians and loonies still cling to this old relic of a system.

    JMJ

  158. Every dollar printed is printed with an amount of interest attached to it. The simple result is debt. To pay off the debt, more money with interest is printed creating more debt. This neverending cycle eventually always collapses. Debt is slavery. War creates more debt than any other event. The last war is accelerating the eventual collapse of the dollar. This will be the PROBLEM. The REACTION will be chaos… The SOLUTION that will be suggested is the new “Amero” as currency and the forming of the “North American Union” or Community. The U.S. and our Constitution will cease to exist. Our rights as Americans will no-longer exist. It’s kind of important for people to realise this and hopefully stop it. Research the “North American Union” and watch Lou Dobbs.

  159. http://www.a pfn.org/mone y/money.htm

  160. Mark, don’t you think that’s a little far out? Look, we are already basically a “North American Union.” Our number one and number two trading partners are Canada and Mexico. While our relationship with Canada is benign, for the most part, our hegemony over Mexico has been a distaster for Mexicans and is the main reason they immigrate here in such large numbers.

    Really, we need to seriously consider either a new constitution or at least some very weighty amendments. Our constitution is very old and out of date. We are among very few nations without a central bank, the rights to healthcare and education, limiting debt and deficit, controlling undue influence of religion, special interest groups and corporations on the government, and the rights of individuals to marrry whom they choose or do what they want in their private lives as long as they don’t anyone.

    JMJ

  161. The Constitution allows us to print our own money. The Federal Resorvior is niether Federal or a part of our government. It’s a private Banking cartel that prints our money out thin air and gives it to us w/ interest.
    Watch “Freedom to Fascism” and their will be no doubt what so ever that we have been paying income tax to Thugs our government lacks the guts to protect us.

  162. Better yet read What Is Money?Online at www.apfn.org  /money/mone y.htm

    The Greatest Robbery of America
    The History of America’s Money System

    Change the Money, Change the Country
    This will better explain how we the people are being robbed every day.

  163. “Note that all those quotes are from way back when. Only far-out libertarians and loonies still cling to this old relic of a system.”

    -=-=-=-=-=-= -=-=-=-=-=-= -=-=-=-=-=-= -=-=-=-=-=-= -

    “I’m just an ol’ histroy major maried to a history teacher who worked in internationa l trade for a decade. What the hell would I possibly know about such things???”

    -=-=-=-=-=-= -=-=-=-=-=-= -=-=-=-=-=-= -=-=-=-=-=-= -

    And “an ol’ history major married to a history teacher” would be totally oblivious to the effects of history on what happens today, I suppose? LMFAO!!! Jersey, old son, if you really are working for the Feds then I suggest you go find a new job; you’re about as convincing as Jeffrey Dahmer’s defence lawyer…!! :-D   But you’re right about one thing, Jersey - you know nothing!

    Yes, a new constitution is needed. One which expressly forbids private banks to issue America’s currency. And one that outlaws for all time fractional reserve banking.

    Not that it’s going to matter for much longer; the dollar is going to disappear in 2010 when the North American Union is officially opened for business. That’s exactly why the Fed is issuing trillions of dollars today whilst refusing to publish the M3 - because they are stripping the wealth of the USA off before swapping currency. Same happened in Europe when the Euro came into being; there was a depression beforehand while they robbed the population blind. And the same will happen in the USA - a depression beforehand while they rob your wealth, and then another straight afterwards while people haven’t had a chance to get used to the new currency - and people like Jersey McFuckingIdi ot will STILL defend these billionaires and trillionaire s who lose not a single cent whilst millions go hungry. “It wasn’t their fault”, Jersey will say, “It’s a natural historical result of changing currency.”

    For anyone who doesn’t believe the Amero is slated to replace the dollar in 2010, I suggest you go Google “Amero” and find out about that, and the North American Union.

    Oh sorry, no, don’t bother; our history teacher Jersey says it’s ok….

  164. Del, try to get this through your head for once and for all - THE DAMNED MOTHERFUCKIN G FED DOES NOT PRINT MONEY!!!

    JMJ

  165. John, take your meds.

    JMJ

  166. What does Christianity  , 911 and The Federal Reserve have in common? This is the … all full Zeitgeist production.

  167. Jersey McJones,
    Are you even aware of what our new constitution will be? It will be written by new part of our government that is not accountable to us.(we don’t vote or elect them). They will decide what rights they will granted to us. That they can also take away from us. It is slavery and that’s why the media is silent. Do yourselves a favor and keyword “FEMA CAMPS” and wake up to our future if we just think like you. The objective of the NWO is to reduce the population on earth by eigthy percent. That’s 8 out of 10. That’s what our United Nations represents for our global future. Is also why mass murder is allowed to go on unchecked, it only achieves their goal.

  168. Jersey,
    We are not quite there yet… http://amero currency.com  /naulinks.h tml for more info. You seem pretty intelligent judging by your postings. I don’t know why you are unable to grasp this. Is it because you don’t want to believe this? I sure don’t, but I have thought it through extensively and examined all evidence. There is just too much evidence to ignore. The “Elite” are conspiring to create a one world government with one currency. They have been working toward this for nearly a hundred years. Whoever prints the money has the power. If you get rid of the FED you eliminate their power to control us. Printing money interest free gives the power back to the people where it belongs.

  169. Take your meds. Is that all you got?!

    Jersey, calm down, you’ll rupture yourself before you reach puberty. The only thing you have been right about on this whole blog is that the motherfuckin g Fed does not print money. No, it doesn’t. It ISSUES the money. The treasury prints it. Look on a note. What does it say? Does it say US Government note? No, it says Federal Reserve Note. Does it say “promise to pay the bearer”? No, it doesn’t. Can you see the Illuminati pyramid with the all-seeing eye on the reverse of a one-dollar bill? Probably not. Do you believe the North American Union is about to happen? Probably not. Can you use Google? Probably not. Have you noticed how outnumbered you are on your own blog? Probably not. Have you ever noticed anything in your life that wasn’t repeatedly hammered into your head by your government? Probably not.

    Jersey, you’re a liar. You’re not a history major at all. The worst history major in the world would know at least SOME of what has been discussed. You’re not a major in anything apart from bullshit and strawman arguments. You’re not even married, are you? You’re certainly not married to a history teacher! If you are, she’s the world’s worst! ;-)

    Oh, and you attempt to shift the discussion back away from the NAU was quite pathetic in its transparency . The very first time on the whole blog you have had any interest in the constitution  , and it comes on the back of your attempt to convince someone that the NAU isn’t going to happen. It is. Unfortunatel y for all you people who live in the USA. That includes you too, Jersey McFuckwit. No matter how much you defend your government, do you know how much they are going to defend you when civil war breaks out in 3 years time? Not at all! In fact, they’re more likely to shoot you and forget about you.

    If you don’t already know about the NAU I’d get informed, before it’s too late. That means even you Jersey; it’s not too late for you to learn some of the history you profess to be a major in.

    Mark B; one correction - they’ve been planning a one-world government for at least 200 years. Some researchers say the concept goes back at least 6000 years. That I wouldn’t know. But I do know it goes back at least 200, to when Mayer Amschel Bauer first put together the Bavarian Illuminati with the aim of subverting Freemasonry and the other secret societies in existence at that time. If you want more detail, ask our resident history expert…! :-D

  170. Oh yeah, sorry that’s right the tresury prints it for the federal Reserve, who then give to us with interest. Is that better? Can you calm down please? What’s the difference, their is none.

  171. By the way,it costs the fed about a hunderd bucks to print a million bucks which they loan you to buy your house,you buy a house at say 200 grand and pay back about 500 grand after 30 years. The money they lent you is backed by thin air. Say you have your house half paid off and lose your job to a mexican who does jobs Americans don’t want to do for example,like your job! You already paid 300 grand interest on your house but now your jobless so the bank forcloses on your house and your broke living under a bridge. Never mind you worked 15 years and already paid your principle of 200 grand off. The bank on the other hand has nothing backing their money so they have no risk.If you didn’t pay insurance on your house and it burns down and you stop paying them they are out maybe 20.00 for the ink and paper they spent to print the 200 grand they lent you to begin with.Kinda sucks eh?

  172. Dan, enough with the conspiracy theories…! ;-)

    (Sorry, just pre-empting Jersey McDoofus…)

  173. “The few who understand the system, will either be so interested from it’s profits or so dependant on it’s favors, that there will be no opposition from that class.” - Rothschild Brothers of London, 1863

  174. “Some people think the Federal Reserve Banks are the United States government’s institutions . They are not government institutions . They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers” — Congressiona l Record 12595-12603 — Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932.

    You’d think he’d know, huh?! ;-)

    Oh sorry, I forgot, that was a long time ago; history is unimportant. It’s only what happened in the last 2 days that has any bearing on the world today, right Jersey?! :-D

  175. It seems to me, the country is in deep shit. If we remove the ability of the Fed (private bankers) to issue our money, then our govt. will be required to print the money. The Fed uses interest rates to keep some sort of order to this fiscal rapage. However our govt. issued money would need to be backed by something, what would that be? I doubt we still have possession or ownership of the gold and silver we claim to. Do we collect some sort of currency tax in place of the federal income tax to purchase commodities? I am a Ron Paul supporter/co ntributor, just curious as to the next step without mass hunger and crime.

  176. McJersey is just an instagator trying to misinform the less informed. I guess he probably works for them. Hell, it could Sean Hannity or one of those ass kissing gophers from Fox.

  177. Lets see, The Federal Reserve is a PRIVATE ENTITY for PROFIT….

    its no more Federal than “Federal Express”

    Congress gave its authority to print money to a Private Cartel.

    There is not one green “Fed.Reserve Note” which has not been Borrowed into existence.

    If you understand inflation is just creating a ton of money with no backing….the refore causing higher prices on daily commoditites  (milk, egss, food)

    Gee… whats the prob with healthcare, money high prices….

    Pharmaceutic al Drugs ? Money high prices ?

    Gas… money…

    Iraq War… oil… money…

    Social Security ? Money

    Feed the hungry… Money
    Build the Mexico Fence, Money

    Illegal immigrants cheap labor… money

    Illegal immigrant “benefits” … yup money…

  178. Its no conspiracy theory you Lemmings.

    Just read your own Countries Laws… you know, like any honest man would do..

    They dont really hide it, its not some new revelation…

    They know that most people are to Ignorant and Apathetic to even read their own Lands laws.

  179. Since the income tax law was also a con never ratified and has been our loan to them it would seem time for us to take back what they have been stealing since 1913. Oh, with interest and then prosecute these ego-maniacs.

  180. Mr jersey mcloud is not only a naive believer of his indoctrinati on of economics 101. He has his history all WRONG. Semites include all Arabs and Jews which are true semites are mizrahi and not the globalist zionists known as Kazars or ashkenazi. So PLEASE, READ YOUR HISTORY AND CONSTITUTION BEFORE SLANDERING ANYONE.

  181. The Federal Reserve is the heart of the beast…We need to drive a stake through it.

  182. This is the funniest line I have seen here.

    “McJersey is just an instagator trying to misinform the less informed. I guess he probably works for them. Hell, it could Sean Hannity or one of those ass kissing gophers from Fox.”

  183. It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
    Henry Ford

    Supporting Ron Paul is support for our Constitution and Republic.

  184. Anyone who doesn’t support the obvious logic of Ron Paul, but instead attacks him with different logical fallacies is not honest, worth talking to, or an American Patriot. I congratulate Paul’s supporters, please keep up the good work. This is the single most important issue of our time. All our problems stem from this core problem. Never be afraid to stand up to a bully. If push comes to shove, I think we can take them, if we are informed and unified. As a great person once said, “You must be wiser than a serpent”.

  185. It’s the very heart of a nations sovereign power. I wish some of the people who posted disparaging comments about Dr. Paul’s proposed legislation would take a moment to ponder the implication of a foreign and private entity acting as middle-man to ALL economic transactions within these our United States. The ignorance and complacency is simply and boggling.

  186. Stop with the gold standard already, it’s not needed.
    But to do away with the Fed without also banning fractional reserve banking is trading one master for another equally irresponsibl e one. Both issues must be addressed at the same time.

    We can beat dead horses about the current situation, but that does not cause change. It is the ACT of playing our part in this. Which will be to look over the proposal & ensure all i’s are dotted, t’s crossed & to ensure our elected folks vote to enact it.

    Agree, disagree whatever… If you don’t like the proposal, then for you it’s the same actions but to a different outcome. Blaming some huge group(s), fighting & name-calling is not productive. Time to stop the blame game & take back our responsibili ty at the PERSONAL level. It’s still OUR Republic! Do not be deluded that this discussion is in any way productive UNLESS all involved TAKE ACTION. Else it’s worth even less than the cyber paper it’s printed upon.

  187. Del, you idiot, I’m a progressive liberal.

    Look, all you loony anti-feds, try to get this through your thick heads - the fed does not print money.

    Mark, as Deb said above, it is up to us what our future will be. We can be selfish and stupid and vote for sleazy cons like Bush, or we can vote for people like Kucinich. If we vote for people like Kucinich, America will have a bright, peaceful future. If we vote for people like Bush, America will be a Third World cesspit in 50 years. It’s up to us.

    Getting rid of the fed will not really help anything or anyone. It’s unrealistic, there’s just too much money out there. It’s never going to happen.

    If you want positive change, vote for people who want to take group and corporate money out of campaigns. Vote for people who propose to be rid of the electoral college. Vote for people who propose to be rid of “Free Trade.” Vote for people who do not scapegoat minorities and immigrants, who truly love women and children, who tax the rich and in particular their unearned income. And that’s all just a start.

    This whole Randian orgy we’ve seen above is not helpful to anyone. Libertariani sm is adolescent politics on hyper-pills.   It is pure individualis tic selfishness.   It is anti-America n, anti-society anarchy. These people don’t care about America. They only care about themselves. The anti-feds are just undereductae d teens misguided by easy answers to difficult questions. It doesn’t help anything.

    JMJ

  188. Jersey, stop spreading your lies. You’re not a history major, and you’re not married to a history teacher. If you were, you wouldn’t make comments like “Getting rid of the fed will not really help anything or anyone.” To anyone who really knows how the world works, that is one of the most laughably obtuse comments ever dreamt up, spoken either by a shill or by a total moron who can’t admit there are bounds to his knowledge. The one thing that “doesn’t help anyone” is that children like you try to insist that the Fed is benign. You fucking moron! Do you also think that the Second World War was a walk in the park? Do you also think that the USA is benignly spreading democracy around the globe? Get a grip of yourself! Anti-America n?! The only anti-America n thing on this whole board, fuckface, is YOU - because everyone else has backed up their assertions that the very existence of the Fed is anti-constit utional. YOU don’t care about American, you fucking dimwit; you only care about assuaging your own misplaced ego. You will never prove to the people on here that the Fed isn’t privately owned, and that it ISSUES (not prints; drop the strawman, dipshit) the money the “government” pisses up against the wall.

    You supposedly advocate taxing the rich, and yet you insist that abolishing the Fed will solve nothing? Do yourself and the rest of humanity a favour and go stick your head back in the sand, your ignorance is too painful! Easy answers? What’s easy about abolishing the fed? You contradict yourself at every turn and prove that you have no interest in solving problems, and your only interest is in muddying the waters.

    I’d say you should be ashamed of yourself, but an ol’ histroy major like yourself, married to a history teacher who who worked in internationa l trade for a decade, who spouts the shit you do, obviously doesn’t know the meaning of the concept of shame. Not surprising, seeing as you also insist, in your all knowing wisdom that God also doesn’t exist. Apologies to the Americans on this board who have displayed some independent thought, but that kind of brainwashed arrogance could only come from a supposedly educated American. I bet you’re a fan of Faux News too, aren’t you, Jertsey? A big fan of Rupert Murdoch, I have no doubt. An unknowing Zionist who doesn’t even realise how thoroughly he’s been fucked! :-D

  189. This one’s for Jesey. I went to wikipedia(as I often do when disputes erupt in the office place, we often say,” wiki it”) and I wikied the federal reserve act. Sure enough, the act gave the reserve the right to create money. For some, that’s the end of the story. But just because one has the right to do so, doesn’t mean one will exercise such right. So, I clicked on the link to federal reserve note to discover who actually prints the notes and lo and behold what I discovered. The bureau of engraving and printing makes reserve notes. The bureau is part of the department of the treasury. Surprise, surprise. The bureau does not just print these notes for the Fed for nothing. No! They must be presented with an equivalent amount of collateral from the Fed for the amount the Fed wants printed. Only when the fed is replacing old bills does the fed get the currency at cost of printing, but the fed must present the old currency for destruction.   Unless the Fed is robbing people at gunpoint for their trashed currency, the Fed must be giving consideratio n to those they aquire these old bills from. Sorry to burst everyone’s bubbles, but the fed doesn’t print currency and doesn’t aquire it out of thin air. I think it was a shame that government officials were kicked off the board and that Nixon screwed all foreign investors out of their gold, but as far as conjuring money out of thin air, this doesn’t happen. It is completely evil to back one’s currency by threats of violence if they don’t take it. It does show a complete act of desperation.   But I’m not sure just how responsible the Fed is for Nixon’s act of moving to a nothing backed currency system. I just don’t think that any economist or banking institution would see the value of a system that would remove money from the hands of the many and give it to a few elitists who would not bother with banks. If I had a billion dollars would I just put it in a bank earning 2% interest? If I were a bank, I would rather have 100,000 people with $10,000 each to invest than just one billionaire.   I remember when Japan raised tariffs on US auto imports in the 80’s. Americans misplaced their agressions by boycotting Japanese imports and destroying their cars. First, calling a car made here in the US and sold here in the US an import is criminal. Second, calling a car made in Mexico then imported here is more criminal. Yet, cars coming out of Japanese plants(manne d by higher paid American laborers), here in America were being charged import fees to be driven off the factories and onto American roads. Whereas, cars built in American factories in Mexico by cheaper laborers had not had to pay import fees. Misplacing their aggression made Americans turn against their fellow Americans working for Japanese automakers and bite the hands of foreign investors making things better in America while embracing the people who were exporting their jobs wholesale. Whatever’s happening to our fiat currency, I don’t think that the banks that make up the Fed system are wholly to blame. Be careful to where you place the blame, you don’t want to end up biting the hand that feeds you.

  190. Incidentally  , Jersey, I’ll say it before you do:

    Go take your meds…!!!

    :-D :-D :-D   :-D :-D

  191. The Federal Reserve System is constitution al because using their Script is voluntary under Title 12, Section 411.

    But the USCode is a conspiracy theory site… so dont believe it

    Fed.Reserve Notes are unlawful money.

  192. fyi: corresponden ce to iowa senator harken re: YOUR MONEY

    on 4/30/2007 you responded to my thoughts re: the constitution ality of the federal reserve. you responded with info stating its constitution ality.

    should that info be accurate, i have the following comments and questions.

    * i understand approx. 95 % of the personal income taxes paid go to the debit owed the federal reserve.
    * the corporate taxes & special taxes pretty much is what available to congress (the american people) to spend.
    * when congress needs more money than you have you can raise taxes, cut services or borrow more federal reserve paper money with no gold/silver backing, increasing our national debt.
    * this causes inflation because of more paper money in the market.

    NOW!!! COMMENTS/QUE STIONS

    * THE FEDERAL RESERVE PAYS NO TAXES ON THE PROFITS THEY MAKE
    * THIS PROFIT GOES TO FOREIGN BANKS.
    * THE FEDERAL RESERVE HAS NEVER BEEN AUDITED.
    * WHILE THE PRESIDENT APPOINTS THE FEDERAL RESERVE CHAIRMAN, CONGRESS (THE PEOPLE) DO NOT EVEN KNOW WHO ARE THE FEDERAL RESERVE BANKERS.
    * WHY DON’T YOU PAY OFF THE ORIGINAL LOAN, DISBAND THE FEDERAL RESERVE AND INSTITUTE A NATIONAL SALES TAX W/O EXCEPTIONS EXCEPT FOR TAXES ON FOOD, MEDICAL SERVICES, AND MAYBE OTHERS. THIS WOULD BE FAIR AND SIMPLER. THE IRS WOULD StAY IN PLACE TO COLLECT/MONI TOR CORPORATE TAXES.

    WHERE AM I WRONG?

    gary

  193. Gary, would you like a small wager? I bet you don’t get a reply! What do you think?!?! ;-)

  194. ultimately though it is the actions of men that is evil, money is perhaps just the conduit! Position and power are it’s masters and dubious practices it’s servant - and we the people it’s ocean and it, itself, the leviathan. Simplicity here, in understandin g the fed requires blinkers - my suggestion is to keep the parachute filled and think out side the Fox!

  195. You go Ron.

    The Constitution for Dummy’s

    Article. I. - The Legislative Branch
    Section 8 - Powers of Congress
    To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures

    I DO NOT see the private cartel the federal reserve listed in the Constitution .

  196. […] Ron Paul Introduces Legislation To Abolish The Federal Rese rve 18 06 2007 Bring It On Monday June 18, 2007 […]

  197. this bill wil never make it for obvious reasons. this mafia is too big for this to pass and people are either ignorant about it or just non-patritic cowards.

  198. Gary,

    Why the tax at all? I say no fiat, no metal standard… think more as what will we each invest in?

    We produce goods & services, but we are also shareholders in this nation are we not?

    We should view important national projects as goods and services… instead of funding them with taxes, why not allow citizens to invest personally in these programs? Do we really fear the “death” of less popular programs due to lack of funding? If the program truly has merit, it will survive, if not then so be it.

    So many programs currently in place are so over inflated that it’s no wonder the costs are skyrocketing . You can’t give each person “everything” there are less folks now that have healthcare (for example) now than when my parents were in the workforce. We’ve stopped being reasonable- the entitlement overkill threatens to be our demise.

    Stop looking for “freebies they are a myth: free healthcare, education? Lies! Someone pays for it. Why do the American people continue to wish the government to take our money, to pay into substandard programs when we the people should pay direct to the producer? Truth is we all pay… that doesn’t change with monetary reform, it just enables “we the people” more control over what we pay for. Having government as a middleman for this is taxing in more ways than one & is not what our government should be about.

    Oh & I am every inch a Libertine, I see limits to government power & maximum personal accountabili ty as necessary to secure personal freedom. All else no matter how well intended will only serve to make us slaves to an Empire instead of free sons & daughters of the Republic.

  199. The point is, we now know what a nut Ron Paul is.

  200. Perry Logan; care to back that up with something more than just your assertion?

    Deb: I think anyone who knows anything about the situation knows that Ron Paul, and anyone else who really knows the score, does NOT advocate a return to a gold standard, or any other “standard”. Look into the financial history of the USA and you will find that, when the American people are not taxed to the hilt to pay for the interest on never-ending government loans to private banks, the USA would soon have enough credit to pay for anything and everything (short of wars of conquest). Same with any nation; the only reason debt exists is because we have been brainwashed into accepting a debt-based monetary system.

  201. …and their a step ahead of the game. PROBLEM. People see their earning power deteriorate. Working two jobs, they don’t have the time or desire to pay attention to finance or politics-hen ce status quo. REACTION. Chasing the
    American dream, the bank owns the house, car, jewelry, savings accounts by way of bankruptcy since the citizen is no longer able to finance the debt. Paper tiger LBO’s and foreclosures reak havok in financial markets and the floor caves in under the dollar. SOLUTION. Creation of a new economic and political system that will promise millions of poverty stricken citizens a new beginnig and the AMERO…while those that created the problem now control the natural resources surrendered to them.

    Still time to avoid this humanitarian crisis but people need to mobilize and protest.

    The WRITINGS ON THE WALL say the foremost organs of the US monetary elite.
    http://www.g lobalresearc h.ca/index.p hp?context=v a&aid=5964

    ABOLISH THE FEDERAL RESERVE NOW!!!

  202. Perry Logan-that guy is funnier than hell!

  203. John, you just don’t understand debt (oh, and please knock it off with the ad hoc as they make you look insecure). Debt is a fundamental necessity for the progress of a scoiety. Trust in the debt is what allows us to make future happen faster. A commodity-ba sed currency limits the amount of debt you can attain (which is why I notice that you all preclude war from your borrowing rules), and your ability to predict the payment on debt in the future. This is among the reasons the standard was dropped.

    Without trust, without the ability to trust each other, we can not structure debt and therefore we can not make progress. That’s why we need government(s  ) that both regulates commerce and enables it - that is at once keeping the trust of the people and the commerce. That’s why there is a “Fed.” Lack of that trust, that social compact, is why “failed states” like Somalia can’t get their shit together.

    Without debt, most of the great inventions, the great progress of civilization would have been delayed or even undone. Great wars would have been lost to barbarians. Diseases untreated. Crops never planted. Educations lost. Libraries, roads, power plants, indutrializa tion, all would not be but for debt.

    And it should be noted that sometimes debt is only fair. If a town borrows to build a road, and that road serves people 50 years from now, then shouldn’t those people driving that road 50 years later also pick up the costs for building it? And, as a non-profit endeavor, should it not be finite in scope, as opposed to profiteered?   After all, the road won’t stay new forvere. If the funding of the road is profiteered, where will the money come from to build the next road, or to rebuild the road now dilapidated.

    The answer to all of life’s problems, John, is not simplificati on. It’s about understandin g the complexity. Isn’t a rainbow more interesting than white light?

    JMJ

  204. John, you just don’t understand debt (oh, and please knock it off with the ad hoc as they make you look insecure). Debt is a fundamental necessity for the progress of a scoiety. Trust in the debt is what allows us to make future happen faster. A commodity-ba sed currency limits the amount of debt you can attain (which is why I notice that you all preclude war from your borrowing rules), and your ability to predict the payment on debt in the future. This is among the reasons the standard was dropped.

    Without trust, without the ability to trust each other, we can not structure debt and therefore we can not make progress. That’s why we need government(s  ) that both regulates commerce and enables it - that is at once keeping the trust of the people and the commerce. That’s why there is a “Fed.” Lack of that trust, that social compact, is why “failed states” like Somalia can’t get their shit together.

    Without debt, most of the great inventions, the great progress of civilization would have been delayed or even undone. Great wars would have been lost to barbarians. Diseases untreated. Crops never planted. Educations lost. Libraries, roads, power plants, indutrializa tion, all would not be but for debt.

    And it should be noted that sometimes debt is only fair. If a town borrows to build a road, and that road serves people 50 years from now, then shouldn’t those people driving that road 50 years later also pick up the costs for building it? And, as a non-profit endeavor, should it not be finite in scope, as opposed to profiteered?   After all, the road won’t stay new forvere. If the funding of the road is profiteered, where will the money come from to build the next road, or to rebuild the road now dilapidated.

    The answer to all of life’s problems, John, is not simplificati on. It’s about understandin g the complexity. Isn’t a rainbow more interesting than white light?

    JMJ

  205. You know? I just realized something. All you anti-Fed libertarians  , tell me this: What exactly is your problem with intersection al investment? If it’s okay for a business to invest in another industry to hedge it’s future costs then why isn’t okay for the government to do it? I thought that you guys thought that government should run like a business? Am I wrong?

    JMJ

  206. No it is not ok for the Government to do anything like that. Government should be kept small and even smaller at the federal level. Remember the 10th Amendment. We should not be policing the world, giving out aid money or running a welfare state that is costing us tax payers tons of money. We are becoming a communist country with everyone expecting free handouts and government programs to cater to their every need. Those people should move to N. Korea or China if that is what they want. Without sometype of standard to backup the currency, we have no confidence in the money and neither does other trading partners. We are much more prosperous as a creditor nation than as a debtor nation. Stop interfering with other people/count ry. The majority of the world doesn’t interfere and they are able to run their government just fine. The only thing interfering does is give big corporations a military tool to force smaller countries to bend to their will all in the name of spreading Democracy. You don’t spread democracy by the sword. If people would actually take the time to study the founding documents and the writings and quotes of the founding father, they will know what this country is all about and what we are doing is totally opposite of what we should be doing. Freedom and security is at opposite ends of the spectrum. If you want maximum security, there is always levinworth, N. Korea, or China. If you want freedom, you have to fight for it.

  207. I’m pretty sure that by saying the Fed prints money, everyone means merely that the Fed creates it, loans it out, and collects interest, regardless of who prints the paper bills. Jersy, you aren’t winning any kind of a debate by splitting this particular hair. You are aggressively and angrily defending an irrelevancy.

    There’s nothing either magic or dangerous or simple minded about wanting a gold standard. The big finanacial devastations are always fiat money related. I know you claim otherwise. We are all limited by what we wish the truth would be, and by where we get our information, and by the crazy people who argue with us. There are some crazy conspiracy nut anti-fed folks out there. Nevertheless I see no need to ever allow anyone to counterfeit new money, and I am willing to risk the dangers of a stable money supply, as a trade off for living with the dangers of allowing someone else to create new money at will. I happen to think we’d have been much better off, a much more modest and peaceful nation, if there never was a Federal Reserve.

    But you’re probably right, there’s no way the Fed will ever go away.

  208. Benja,

    “Government should be kept small and even smaller at the federal level.”

    “Small and even smaller” is a pretty subjective measurement.

    “Remember the 10th Amendment.”

    The powers not delegated to the United States by the Constitution  , nor prohibited by it to the States, are reserved for the States respectively  , or to the people.

    Oooookkkkkaa aaayyyyy…..

    “We should not be policing the world, giving out aid money or running a welfare state that is costing us tax payers tons of money.”

    Welfare and foreign aid are a small portion of federal expenditures .

    “We are becoming a communist country with everyone expecting free handouts and government programs to cater to their every need.”

    In some cases that is true. For the most part, the primary recipients of “welfare” are in the corporate sector.

    “Those people should move to N. Korea or China if that is what they want.”

    China has had double-digit “growth” for at least twenty years, yet I would not want a government that controls 90% of the commerce. So, what the hell is your point?

    “Without some type of standard to backup the currency, we have no confidence in the money and neither does other trading partners.”

    If you have no confidence in your fellow Americans then you should either leave, or try to get your fellow Americans to behave better.

    “We are much more prosperous as a creditor nation than as a debtor nation.”

    I’ve got news for you, sunshine - we’ve always been a debtor nation. If you are here insinuating that our profits from post-WWII can be extrapolated into profits from other wars then you are a Neo-Con.

    “The majority of the world doesn’t interfere and they are able to run their government just fine.”

    What?????

    “The only thing interfering does is give big corporations a military tool to force smaller countries to bend to their will all in the name of spreading Democracy. You don’t spread democracy by the sword. If people would actually take the time to study the founding documents and the writings and quotes of the founding father, they will know what this country is all about and what we are doing is totally opposite of what we should be doing. Freedom and security is at opposite ends of the spectrum. If you want maximum security, there is always levinworth, N. Korea, or China. If you want freedom, you have to fight for it.”

    You had me there for a moment, then you went on back to murder-for-f reedom. You don’t necessarily have to fight for freedom. In fact, not fighting is freedom.

    And I’d rather be a slave than a slave-master .

    JMJ

  209. The Federal Reserve act of 1913 was passed with less than 2/3 of congress in session; witch in itself is not legal. Had 2/3 or more of congress been in session I can almost guarantee you the act would have been shot down.

    The Federal Reserve is not a branch of the government. It is a privately owned institution.

    Through out history there have been warnings from highly praised intellects. Never allow a Private institution to gain control over the production or distribution of the nation’s currency.

  210. Right on! It’s about time that private banking institution was wiped off the planet. It has caused so much harm and damage over the years and will continue to do so if it is not gotten rid of.
    (We need to do the same here and get rid of the Bank of Canada!)

    Grant
    Kelowna, Canada

  211. >Oooookkkkka aaaayyyyy… ..

    Meaning the feds shouldn’t be doing all the things they are doing, it is reserved for the states and the people.

    >Welfare and foreign aid are a small portion of federal expenditures .

    Military bases in 130 out of 160 countries is a big expenditure to me. Giving Israel or other ally money to keep them friendly at tax payer expense is also not something we should be doing.

    >In some cases that is true. For the most part, the primary recipients of “welfare are in the corporate sector.

    I’m a landlord with rental properties. I know how people leach off the government with section 8, social security hardship payment, other government programs. That is a alot of money when added up.

    >China has had double-digit “growth” for at least twenty years, yet I would not want a government that controls 90% of the commerce. So, what the hell is your point?

    China experience growth on the back of slave labor. My point is if people want government to take care of their every need like a parent, they should move to a communist country. In a free society, you stand on your own two feet.

    >If you have no confidence in your fellow Americans then you should either leave, or try to get your fellow Americans to behave better.

    What does confidence in fellow american have to do with a worthless piece of paper? If the government cannot back it up, all they are doing is printing money out of thin air. When the federal reserve gives the government a loan, it doesn’t deduct from any amount, it is out of think air. Hence the dollar devaluation.   Read the dollar crisis by Richard Duncan.

    “We are much more prosperous as a creditor nation than as a debtor nation.”

    >I’ve got news for you, sunshine - we’ve always been a debtor nation. If you are here insinuating that our profits from post-WWII can be extrapolated into profits from other wars then you are a Neo-Con.

    No we have not, before WW1 we have been a creditor nation and lending money to european countries. Neo-Con? They all deserve to die.

    >What?????

    Meaning that a country doesn’t have to police the world to be prosperous. The majority of the world does not interfere with other countries and overthrow its leaders for corporations and oil companies.

    “The only thing interfering does is give big corporations a military tool to force smaller countries to bend to their will all in the name of spreading Democracy. You don’t spread democracy by the sword. If people would actually take the time to study the founding documents and the writings and quotes of the founding father, they will know what this country is all about and what we are doing is totally opposite of what we should be doing. Freedom and security is at opposite ends of the spectrum. If you want maximum security, there is always levinworth, N. Korea, or China. If you want freedom, you have to fight for it.”

    >You had me there for a moment, then you went on back to murder-for-f reedom. You don’t necessarily have to fight for freedom. In fact, not fighting is freedom.

    This is what I mean when I say people don’t take the time to study. If you turn on politics, politics will turn on you. It have always been true in every single country. You have to fight to keep your freedom because being complacent will guarantee tyranny and oppression as politicians run wild and unchecked. We are the government’s check and balance.

    >And I’d rather be a slave than a slave-master .

    I’d rather be free than a slave and I’d rather die on my feet than live on my knees.

    >JMJ

    Ben

  212. .

    Jersey McJones your ineptitude is turning my stomach .

    Do you think you really have a clue ?

    True Ignorance is having the information laid out before you

    and choosing not to avail oneself of it !

    .

  213. The individual who thinks cutting the branches and not the root is simply learning not knowing, wars are financed by fiat money

  214. Rick, avoid growing roses. ;)

    JMJ

  215. JMJ, you’ve got a lot to learn buddy..

  216. Jersey McJones isn’t quite
    understaning . It’s not about
    the gold standard. The Fed is
    a criminal occult monopoly
    and it can be abolished and should be without a “return”
    to the gold standard. They need to reform the tyrranical
    situation with something we could call constitution al,
    congressiona l, or just plain
    fair and honest “scrip.”
    Please research Pennsylvania
    scrip and economics and currency issues before diregarding what Paul is saying. Tally Sticks and
    all together!!!!  !

  217. Jersey McJones questions
    “intersectio nal investment.”
    What are you talikng about?
    All investment can be good,
    “intersectio nal” and round the tabel with King Arthur or
    otherwise if it’s wise, legal
    and not an iherent crime against nature. Intersection al investment and
    legitimate investment doesn’t
    support the Fed. Usury does.
    Age-old usury that”strangl eth
    the child in the crib, and
    with which there is no Virgin
    nor Annuciation painted on the walls,” or whatever it
    was exactly that Ezra Pound wrote.
    Usury, Usury, Usury is the issue.They’r e loan sharking
    our nation and destroying it from within. Wake up!!!

  218. Steve O Says on June 17th, 2007 at 9:37 am

    “…ripping down an institution that has been around since the early 1900s…” which in turn in part tears down an institution that has been around since 1789. The remainder of that 1789 institution has been pretty well ripped up and down since 1860 and before.

    Chuck-O

  219. Anyone who denies the Fed is a criminal conspiracy based on usury that’s sucking the life out of our country and that it’s never been audited because it’s steeped in occult lies, because the U.S.
    Treausry department does the
    beast of burden work of actually printing the “notes”
    is ignorant, lying or benefiting from the scam.
    And folks should be wary of calls for a return to the Gold Standard. Who do you think pulls all the strings in the global Gold Markets?
    The same nitwit occultists who are at the rudder in the
    Fed.
    Careful out there. It’s not
    easy to slay a dragon like this.

  220. I have to wonder just how long we will continue to allow this government to maintain its Social Ruse on the People?

    The subject is Income Tax, Social Security and Medicare Tax and it’s usage. We are told that it is to provide the government with much needed revenue to operate and keep our nation strong and safe, to provide the needed services and benefits.

    It is a very useful tool in the hands of politicians and bureaucrats, but its purpose is not that which is publicized or promoted.

    You see, these taxes form a very powerful system of social compliance, but little else. It all starts with the monetary system that has been imposed upon this country: The Federal Reserve Bank and its Fiat Currency System.

    In reality, what the banks do with mortgages and loans is very similar to what the government does. Banks lend you and I money that doesn’t exist until the moment you sign the mortgage or loan note.

    In the Federal Reserve publication “I Bet You Thought” states: “Printed Federal Reserve Notes that sit in the Treasury’s vault do not become money until they are released into circulation in exchange for checkbook money that was CREATED BY A BANK LOAN. As long as the bills are in the vault with no debt-based money to replace them, they technically are just paper, not money.”

    Debt and Circulation are equal…someon e has to borrow every single Federal Reserve Note for it to enter circulation. As I said before, the bank doesn’t have the money they lend you sitting in a vault somewhere waiting for a person to take out a loan, it comes into existence the moment that person signs the Mortgage.

    In other words, in a very basic sense, the bank is loaning you money that they really don’t have sitting in their vaults, or anywhere else for that matter. So, then they expect you to spend the next 30 years paying them back money, that never existed before you signed the mortgage note, and on top of that, they expect you to pay them interest on the money that they never really had to lend you in the first place. Your signature on that mortgage note actually creates the money, out of thin air, that you are “borrowing”.

    When you scour off all the pretense of banking…all they do is pretend to lend us money and charge us for the pretense. The government does basically the same thing when borrowing money from the Federal Reserve. The only difference is that the government is well aware of the scam while so many people taking out mortgages are not.

    The Federal Reserve provides an unlimited supply of money to the government in the very same process, creating money out of thin air and then on top of it they charge the government interest. Unfortunatel y, the debt is never paid, can never be paid off due to the multiplicati on of debt in an endless cycle of Fiat Circulation.

    In fact, think of a Trillion Dollars in this way: If you started borrowing 1 Million Dollars in the Year 1 A.D., and borrowed a Million Dollars each day, 365 days a year, every year, year after year, you would finally have borrowed just One Trillion Dollars in the year 2037. Now imagine what this government has borrowed.

    My point is that the money the government borrowed will never, can never be paid back because the system simply doesn’t allow it to be paid back. Only periodic interest and principle payments are made. Of course, the owners of the Central Banking System loves that fact.

    In such a system, the amount in circulation is exactly the same as the debt; one does not exist without the other. Every single dollar in circulation was borrowed, either by the government or by business or an individual.

    Every time a portion of the periodic principle and interest of the debt is paid by the government, it must turn around and borrow that same amount from the Federal Reserve, usually more because the government is the government and since it is no longer limited by an Honest Weight and Measure of Constitution al Money (i.e. gold and silver), it grows uninhibited.

    Now, what about those taxes? The whole purpose of taxation has nothing what so ever to do with the creation of revenue for government operations or programs. Its primary purpose is to force you and I to use Fiat Currency pumped out by the Federal Reserve Bank.

    It was a strange coincidence, don’t you think, that the Federal Reserve Act and the introduction of the modern Income Tax were introduced around the same time, then you add the passage of the 17th Amendment to the mix and you have a witches brew of socio-econom ic tyranny. Speaking of the 17th Amendment, it was used to eliminate the potency of the States and to bring the Senators into the national political market, where they are easily bought and paid for, and taking them out of the hands of the State Legislatures . So, now instead of having a House of Representati ves representing the People’s Rights, and Senators representing the State’s Rights in Congress, you have a system which can easily be manipulated by the federal political machine’s money and corruption.

    So, underneath all the pretenses used by the government, we were forced into a system, which would eventually use Fiat Currency and institute a Progressive Income Tax to support its acceptance.

    In the Federal Reserve’s own publications you will find the following:

    “In the United States neither paper currency nor deposits have value as commodities. Intrinsicall y, a dollar bill is just a piece of paper. Deposits are merely bood entries. Coins do have some intrinsic value as metal, but generally far less than their face amount. What, then makes these instruments: checks, paper money, and coins acceptable at face value in payment of all debts and for other monetary uses? Mainly, it is the confidence people have that they will be able to exchange such money for other financial assets and services whenever they choose to do so. THIS IS PARTLY A MATTER OF LAW; CURRENCY HAS BEEN DESIGNATED “LEGAL TENDER” BY THE GOVERNMENT, THAT IS, IT MUST BE ACCEPTED.”

    “Modern monetary systems have a fiat base, LITERALLY MONEY BY DECREE with depository institutions  , acting as fiduciaries, creating obligations against themselves with the fiat base acting in part as RESERVES. The DECREE appears on the currency notes: “This note is legal tender for all debts, public and private.” WHILE NO INDIVIDUAL COULD REFUSE TO ACCEPT SUCH MONEY FOR DEBT PAYMENT, EXCHANGE CONTRACTS COULD EASILY BE COMPOSED TO THWART ITS USE IN EVERYDAY COMMERCE. HOWEVER, A FORCEFUL EXPLANATION AS TO WHY MONEY IS ACCEPTED IS THAT THE FEDERAL GOVERNMENT REQUIRES IT AS PAYMENT FOR TAX LIABILITIES. Anticipation of the need to clear this debt creates a demand for the pure fiat dollar.”

    Now why does the government enforce the payment of Income Taxes, simple to maintain the system of Fiat Currency, but that is not the only reason? Another, more insidious reason is found in the writings of another Federal Reserve Chairman named Breadsley Ruml in 1946. He states, in no uncertain terms the reason behind the Progressive Income Tax:

    “The necessity for a government to tax in order to maintain both its independence and its solvency is true for state and local governments, but it is not true for a national government. Two changes of the greatest consequence have occurred in the last twenty-five years, which have substantiall y altered the position of the national state with respect to the financing of its current requirements . The first of these changes is the gaining of vast new experience in the management of central banks. The second change is the elimination, for domestic purposes, of the convertibili ty of the currency into gold.”

    “Final freedom from the domestic money market exists for every sovereign national state where there exists an institution which functions in the manner of a modern central bank, and whose currency is not convertible into gold or into some other commodity.

    “The United States is a NATIONAL STATE, which has a central banking system, the Federal Reserve System, and whose currency, for domestic purposes, is not convertible into any commodity. It follows that our Federal Government has final freedom from the money market in meeting its financial requirements . Accordingly, the inevitable social and economic consequences of any and all taxes have now become the prime consideratio n in the imposition of taxes. In general, it may be said that since all taxes have consequences of a social and economic character, the government should look to these consequences in formulating its tax policy. All federal taxes must meet the test of public policy and practical effect. The public purpose, which is served, should never be obscured in a tax program under the mask of raising revenue.”

    Concerning the use of Taxation for the Distribution of Wealth, Ruml was very clear:

    “The second principal purpose of federal taxes is to attain more equality of wealth and of income than would result from economic forces working alone. The taxes, which are effective for this purpose, are the progressive individual income tax, the progressive estate tax, and the gift tax. What these taxes should be depends on public policy with respect to the distribution of wealth and of income. It is important, here, to note that the estate and gift taxes have little or no significance  , as tax measures, for stabilizing the value of the dollar. Their purpose is the social purpose of preventing what otherwise would be high concentratio n of wealth and income at a few points, as a result of investment and reinvestment of income not expended in meeting day-to-day consumption requirements . These taxes should be defended and attacked it terms of their effects on the character of American life, not as revenue measures.”

    As you can see, the purposes of the Progressive Income Tax are little more than an instrument of Socio-Econom ic Construction by the State. The government does not need Tax Revenue in order to function. In the Fiat Currency system the government simply allows the Federal Reserve to “lend” it money, doesn’t matter how much, at least not to the government.

    Now, the only problem with the whole system is that there is a nasty side affect by the unlimited printing of Fiat Currency and placing it into circulation: it’s called INFLATION. There comes a time when the pressure of Inflation eats up the wages of the People and the whole economic market begins to suffer, as we have all seen.

    So, they take massive amounts on income away from the People in the form of Income Taxes in order to maintain some degree of control over the Inflation they create, which is just another form of taxation. Our tax rate, counting the percentage of Income Tax we pay, plus the massive amount of Inflationary Tax we pay, leaves us with precious little to live on and in fact, it makes the People of the United States one of the heaviest Taxed peoples in history.

    Our money is debt; it is created and backed by nothing more than debt. Now since it is nothing but debt, and there is no value to it, why would the government want to decree its usage? Simple, it is a system that controls you and I; it makes each of us compliant to the various laws imposed outside of the framework of the Constitution .

    So, what are you and I going to do about it? We have another swing in Congress, once again we have placed the Democrats in office in hopes that they might thwart the abuses of power found in the Bush Administrati on. We take this action every so many years, flipping the coin to see if the other side is any better then the one we just had in office. We let one Party take their respective turns at the helm of government only to find that neither Party appears to be able to do anything worth while. Both Political Parties have taken their turn at driving this Nation to the place we found ourselves today, do we think this time around will be any different?

    We are a Flip-Floppy Nation and guess what, we have been conditioned to be Flip-Floppy, apathetic and compliant. In a very few years, to our horror, we will once again be anxious to flip the political coin over again to see if the other Party has any ideas to come to Our Beleaguered Nation’s rescue. The Republican and Democratic Parties have proven their flecklessnes s and obsolescence .

  221. That’s some nasty corruption.
    I wouldn’t want to even touch
    it with someone else’s ten foot Tally Stick.
    The late great “U.S.A.” is
    completely bound by these evil forces and is being drained of its blood like an
    agonizing ritual murder victim.
    Moloch and Baal will have their blood and burning flesh. We’re being buried under the Great Wall, like
    the Coolies in ancient China.
    Without some type of Ben Franklins, Thomas Jeffersons,
    Patrick Henrys to save this
    victim on the byre,the “U.S.A.” we’re as
    doomed as doomed can be.
    We’re slipping off into the
    twighlight zone for a really deep orbit if we don’t have a revolution.

  222. “Oh, c’mon Bret. “History shows no such thing. The Fed, if anything, IS the “restraint ” on the overproducti on of money. ” — JMJ

    The Fed IS the restraint? Is that why they stopped making the M3 public? Is that why it is currently impossible to print money faster than they are now? Is that why our “dollar” is only worth 3 cents purchasing power as compared to 1913?

    And besides the government doesn’t have the control over the money supply. True, they request it’s printing when they borrow the money for it’s operations, but the government doesn’t print it. The privately owned, run for profit, private banking “system” called the Federal Reserve does.

    If the government printed the money, why are they charging themselves interest? At a rate ‘we the people’ can not and will not ever pay back?

    Everyone needs to listen to an audio file called “The Creature From Jekyll Island”. Do a google search for it. You can find it for free. It’s everything you ever wanted to know about the Federal Reserve.

  223. Since when is gold a store of value? It can be bought and sold… just like any other commodity. Not to mention that fact that with fractional reserve banking… that your money is actually backed by gold is just an illusion, which is why there were runs on the bank around the turn of the last century.

    Abolishing the fed and going back to “sound money” might be good for the economy… but it will not solve our problems. It will just set us back 100 years.

    Also, the interest that we pay through income tax to the federal reserve gets returned to the treasury. The bankers are not really profiting (much  ) from this money. What nobody notices though is that the interest on the private debt is NOT returned to the people. Sure a small fraction (less than 25% ) actually goes to depositors… but when you get a loan from the bank you are not actually using someone elses money. It is an addition to the money supply. And the private debt is about 4 times as large as the public so these profits are even more vast.

    The current economic system hurts us in a few ways

    1: the interest on private debt which is unjust since it is on money created from nothing
    2: inflation through the debt free issuance of currency in open market operations… which allows the government to finance themselves without even taxing the public… through inflation.
    3: whoever has the power to regulate the credit controls the country

    The solution is not a gold backed currency but an interest free one.

    www.teslam.n et/me.htm

  224. crazy thread. i gotta kick out of “Jersey McFuckwit” lol, pretty funny

    always the JMJs in these sorts of dicussions. always the fear of getting rid of the fed. this is what motivates the champions of the fed. they dont want the system to be disturbed because they have a large stake in it.

    ou cannot argue a point w/someone who is scared to death the fed res note backed equity markets will collapse and cause them financial ruin if the currency changes, as any major systemic shift in the monetary ststem itself would very likely caue FRNs to be greatly devauled on the exchange.

    for example, if there were to be a new treasury reserve note the exchange rate wight be something like 4 FRNs to 1 TRN.

    the transitional insecurity moving from one currency to the other would rock wall street down to the core.

    the problem with wall street is the prices are inflated as the result of money supply inflation. the irony is the risk to the market is of a similar price deflation.

    the difference is if we change the currency and get rid of the central bank, when the dust settles we the people are in control of our currency and not private secretive central bankers. eventually our markets would recover and get back to valuations actually based on supply and demand instead of artificial price manipulatiuo n brought on by the banking cabal’s rate policies.

    the best thing is to wait until the fed fiat game falls apart of its own accord so the new currency is not seen as the cause of the collapse but the response to it.

    the fiat game has had amazing legs only because the govt and the treasury and the bank find new ways to inflate the money supply - the latest game was the 9/11 scam which conveniently turned us into a war time economy (billions of fresh debt to float the markets) to stave off a pending collapse)

    but with a supra majority of americans aganst the war, it will be hard for bush co to start another one based on another false pretext, and if that is the case (every pretext being false) this means no ore mega billions of new debt (expansion of the money supply) to float the markets, and hence a resulting breakdown in price - probably between 2009 and 2012.

    the ponzi fiat game needs more and more money to keep the boat afloat. fresh debt is mandatory. but there needs to be an excuse to create the debt. wars are the best one because they get the fed/govt/tre asury to crank out billions in fresh debt, which is exactly what has been going on since 2001, which is why there is, for the most part, so much price inflation.

    but once there is no easy excuse for the govt to drive us deeper into debt, all the maturing debt will have to be retired w/o new debt to replace it, the money supply fades, and so do the prices.

    JMJ will be the victim of the very system he defends today tomorrow. for now he clings to the status quo because nobody has made an argument for why another system will make him more secure *financially *. since he is convinced any changes to the status quo model will wipe out his wealth (and this is pretty much where the pro-fed folks are coming from) they’ll argue all day long to keep the beast in business.

    but once their pet turns into a monster causing them the finanial pain they try to avoid by advancing bad faith half assed arguments to beat back the fed opponents then they’ll change their tune.

    the fed opponents have beter facts, and a better political argument. but the fed proponents have fear of loss for the sake of change, and that is a far more powerful political weapon.

    even if somebody could devise *on paper* a ‘perfect’ substitute for the fed reserve system as we now it today, nobody would have any idea what will happen once it is impemented.

    but it nelson biddle went all out to destroy america in the 1830s when his bank charter was not renewed by congress, you cannot even begin to imagine how the banking cabal would retaliate for any political closure of the fed reserve system.

    nelson biddle kept saying ‘we are good for the USA and we only have its best interests at hearet’ and andrew jackson kept saying biddle and his gang were snakes. well, when the congress voted not to renew the banks charter, instea of assisting in a smooth transition, biddle went on the attack and retatliated as best as he could purposely trying to destroy the nation, proving that jackson was right, the guy really was a snake, and the bank had only its interests at heart and not the nations.

    the best way to get rid of the fed is to let the fed screw things up all on their own. they cannot inflate forever. besides, nobody makes changes when things ‘look’ good. but they will be very receptive to change when things are bad.

    even JMJ will be open to a new system once the fed res game falls apart.

    the key is to get back to a constitution ally based system, one that does not involve a central bank, and that provides the death penalty if anybody having any associtaion of the former cabal gets their grimy hands back onto the new money system of the USA.

    JMJ does not look at the big picture just his 401k. and that is a tough crowd to persuade.

    once they can be convinced why they should risk losing 70& of their equity for a new monetary system and the after shock of all the central banker retaliation, then you might get somewhere. the good news is nelson biddle died in shame, america recovered and jackson is still the countries most popular president, proving after all we did not need a central bank after all.

    the bad news is, a death blow to the beast will have a - short term - crippling effect on the economy, and this is a tough sell.

    but it is good to keep talkingabout it so when the s* hits the fan people will be educated as to the source of the trouble, and will be very receptive to a new system, and will not fall prey to the snake oil of Jeckyll Islanders all over again.

    the best way to expose the fraud of fiat banking is to put pressure on the govt to end its occpation of foreign lands and not start unjustified wars, and begin to contract to a *limited* size, as envisioned by the founders of the republic.

    as the war fundings stop and the govt shrinks the debt load falls, money supply drops and the lights go out on equities, proving that the present valuations are all smoke, just inflated prices based on temporary effects of transient debt flows, which can change - dramatically - in a blink of an eye.

    JMJ, good luck on that 401k

  225. Icon, you’re an idiot. My 401K got wiped out in the Enron days. I haven’t had one since.

    I don’t like the war. I always thought it was stupid, and regardless of the financing mechanism, the sleazy cons would have went to war anyway.

    My only one simple point about the standard is that it won’t solve any of our problems, it’s waste of time and energy to even consider it, and it’s not a panacea for anything. As I learned with my old 401K, if you put all your eggs in one basket, and the basket turns over, you’re fucked. I won’t get fooled twice.

    It happened to gold before, it’s happened to every other commodity at one point or another, it will happen again. The fiat is the trust in the people. If you don’t have trust in the people, then you don’t have a future anyway. That’s why the petro-countr ies are so miserable.

    The fiat is not the problem. Taxation and the welfare state are not problems. The MIC, the banks, the internationa l corporatists - they are the problem. Fix them and the fiat and taxation will no longer be of concern.

    JMJ

  226. I agree with Jimbo and add a book for reading; it is called The Creature from Jekyll Island by Edward Griffin. The “powers that be” will not le the bill get off the ground. If more of us were educated on the subject of the origin and purpose of the Fed. Reserve(a private — not a govt. institution) we would agree with Ron Paul.
    LucyD

  227. JMJ, the people HAVE NO TRUST!!!

    The BANKERS took everything that we were once entitled to!

    There is nothing left for us… we are literally going to have to FIGHT just to get back what’s ours.

    WE WILL Restore the Republic of this once great nation.

  228. Ben, what are talking about? The banks took what away from who? Look, I agree with you guys that it would be nice to get rid of the FEd, but I would replace it with a central bank! You loonies would put it all on a single commodity and somehow think that the banks won’t do waht they always did anyway! The standard changes nothing, except it puts a commodity over our aproximate worth! It’s just stupid.

    JMJ

  229. jmj

    then you are worried about you RE equity? if u have *no* equity, u have bo stake in the game, so you’ve got nothing to lose. or are you worried about your job?

    in re to wars, it is no secret gaving the fiat money system makes it much easier for the govt to finance wars, as well as enable the fed gov to grow w/o checks or balances. this is the real reason the fiat central banking has to go.

    yes, of course there;ll still ve winners and losers, problems, etc, but it is a fact that outlawing fiat central banking will make it much more difficult for the fed gov to finance its schemes.

    the ‘money’ has to come from somewhere to pay for the war, right? you would agree its easier to create ‘money’ (ie debt) out of thin air than it is to acquire something in a physical form?

    if it is more dificult for the fed gov to get ‘money’ it wil grow more slowly and will not be able to so easily make war.

    we have two periods in US history to illustrate that pre 1813 and post 1913.

    “the banks … - they are the problem”

    well, at least you are getting something out of this thread :)

  230. Icon, the government could still borrow money. So how does doing away with the fiat change anything? The fiat is a realistic measure of our worth. The standard is just an arbitrary line. Wars were just as common pre-fiat as post! If anything, at least in the fiat West, wars have been in decline! You’re not making it more difficult for the government to misbehave, you’re just shifting the mechanisms! This whole debate is just so, so, so pointless and silly.

    JMJ

  231. How about the fact that the Federal Reserve is a separate entity from the government? That is reason enough to abolish it. Only Congress has the power to print money, but the idiots running the country today know nothing about Contitutiona l order. The Fed is the reason that a lot of retirees will have to continue working. All the people who have been saving money in 401K’s, IRA’s and similar accounts are losing value even as we debate the issue. The Fed is reponsible for inflation. There was a time when your typical no-frills savings account paid 5% interest, but the banking industry has changed so dramatically that trying to save money has become a joke. That’s why people have to turn to rigged stock markets and other financial instruments.

  232. I’ve actually taken the time to read many of these comments (including large parts of the conspiracy theory treatises). I have to say Wow!

    To the conspiracy theorists: I sympathize with your explanations . I believe that there is probably much truth to them. However, my view on conspiracy theories is to be cautious. There is just so much conjecture and out-right falsehoods (the government isn’t the only source of lies) - I can’t imagine that you’d be right on everything. You have to make so many assumptive leaps that you’re bound to lose a lot of people even when your explanations have merit.

    I don’t think that we’ll get anywhere by trying to convince people of conspiracies . Even if your theories are completely true, you’re unlikely to get the support needed to over-throw the institutions that you oppose. And even if you did, what institution will put in place? This is critical, and we’ll return to it.

    Iconoclastic made a suggestion that has merit. We’ll meet much resistance if we think that we can remove an institution that most people believe serves them well. So if we’re right about the world monetary system, we should simply allow it to fail. But again, what do you put into place after the failure? I fear that people will not perceive the real cause of the failure. Let’s not forget the explanations that many people still accept today for the cause of the Great Depression. It’s apparent that most people posting here will agree with me that monetary policy and other government intervention was its prime cause. Yet from that chapter in American history, we got the New Deal - policies that are still largely credited for getting us out of the Depression. What invasions of liberty will be put upon us and cheered when the next crisis occurs?

    I don’t have a simple solution for how to change people’s minds. It’s one of those “one person at a time” deals. I will however suggest the lens through which I look at not just this but all human interaction.   If I could remake opinions, this is the one concept that I would implant in every heart and mind: Violence or its threat is never to be legitimized in any form other than in defense of person or property.

    You die-hard libertarians will doubtlessly recognize this idea. Let’s apply it to the matter of money. Every person should be allowed to use whatever medium of exchange that you wish to conduct trade with others. If you wish to use paper printed by the Federal Reserve, the U.S. Treasury or you home computer, you’re free to do so. I hope that people would embrace the value of commodity money, but it should be an individual choice.

    Closely associated with the concept of non-compulso ry money is the abolition of taxes. Taxes are by their nature only legitimized theft - violence against our property. A common fiat money is critical to the calculation of tax liabilities.   I think that you’ll find that a society without taxes will not much miss common currencies.

    So in conclusion, if you wish to debate these concepts with me, you’ll have to identify any elements of aggressive coercion and know that I will reject any ideas you have if you must enforce them by violence.

  233. JMJ, I wanted to address you directly because it’s been you against the world at this site. In your last post, you cited the MIC(C) (don’t forget the extra “C” for Congressiona l), bankers and internationa l corporatists as the problem. These are views that most people taking the opposite position from you might have. It seems that you’re criticizing the people who use the system but are defending the system. Isn’t it possible that it is the nature of our system that is the problem? Get rid of the rascals running it now, and you’ll attract a whole new set in time.

    You have referred repeatedly to monetary problems under a gold standard. Let’s not forget that we have never had a system that was not under fiat control. Even under a gold standard, banks are able to fraudulently print notes without any gold to back them. When people suspected bankers of their fraud, runs on the bank occurred. The problem is when government steps in and suspends note redemption for gold or otherwise “insures the fraud. There are free market solutions that will better protect people while eliminating the possibility for bankers’ abuse.

    Anytime, you compare one constrained system to another you will always encounter problems. Step outside of your paradigm. Money would be much safer completely outside the realm of government, politics and central planners.

  234. Oh, JMJ: I highly doubt that you are a FED as suggested by a few of the more paranoid here. I hope that you will take it as a compliment that I don’t think of you as an evil spy! :) I’ll save more lavish compliments for after we interact. [And try to hold back the barbs if we don’t get along so well.]

  235. The Fed accomplishes many things, mostly destructive to all who don’t own it, but its main purpose is to provide a way to mitigate threats to the money scam of fractional-r eserve banking. That is: 1) By providing a legal facade to fool the masses into believing that it is a legitimate practice to promise the same thing to two different people and 2) to provide “liquidity” when the masses get a whiff of the scam and start to withdraw their funds (runs).   Fractional-r eserve banking is the real problem and the Fed is just the ultimate enabler and control mechanism. FRB is the source of the business-cyc le and credit induced monetary inflation.

    Ron Paul advocates competition in this sector currently designed as a fascist system (cartel protected from competition by government).   If fiat money is really so wonderful, then why not allow the free-market to decide? We don’t need a mandated centrally controlled gold-standar d backed currency. Just open up this market (like all other markets) to free competition and let the best currency win. Freedom is the primary issue, as always. Freedom works if you let it.

    For a short explanation try this essay:

    http://www.s trike-the-ro ot.com/61/da vis/davis1.h tml

    For a case study in why this is bad and how the business-cyc le is distorted by this process try this one:

    http://www.s trike-the-ro ot.com/61/da vis/davis6.h tml

    Here is a two part story that better explains the basics to some (great for the kids):

    http://www.s trike-the-ro ot.com/51/da vis/davis8.h tml

    http://www.s trike-the-ro ot.com/51/da vis/davis9.h tml

  236. The Fed accomplishes many things, mostly destructive to all who don’t own it, but its main purpose is to provide a way to mitigate threats to the money scam of fractional-r eserve banking. That is: 1) By providing a legal facade to fool the masses into believing that it is a legitimate practice to promise the same thing to two different people and 2) to provide “liquidity” when the masses get a whiff of the scam and start to withdraw their funds (runs).   Fractional-r eserve banking is the real problem and the Fed is just the ultimate enabler and control mechanism. FRB is the source of the business-cyc le and credit induced monetary inflation.

    Ron Paul advocates competition in this sector currently designed as a fascist system (cartel protected from competition by government).   If fiat money is really so wonderful, then why not allow the free-market to decide? We don’t need a mandated centrally controlled gold-standar d backed currency. Just open up this market (like all other markets) to free competition and let the best currency win. Freedom is the primary issue, as always. Freedom works if you let it.

    For a short explanation try this essay:

    www.strike-t he-root.com/ 61/davis/dav is1.html

    For a case study in why this is bad and how the business-cyc le is distorted by this process try this one:

    www.strike-t he-root.com/ 61/davis/dav is6.html

    Here is a two part story that better explains the basics to some (great for the kids):

    www.strike-t he-root.com/ 51/davis/dav is8.html

    www.strike-t he-root.com/ 51/davis/dav is9.html

  237. The Fed accomplishes many things, mostly destructive to all who don’t own it, but its main purpose is to provide a way to mitigate threats to the money scam of fractional-r eserve banking. That is: 1) By providing a legal facade to fool the masses into believing that it is a legitimate practice to promise the same thing to two different people and 2) to provide “liquidity” when the masses get a whiff of the scam and start to withdraw their funds (runs).   Fractional-r eserve banking is the real problem and the Fed is just the ultimate enabler and control mechanism. FRB is the source of the business-cyc le and credit induced monetary inflation.

    Ron Paul advocates competition in this sector currently designed as a fascist system (cartel protected from competition by government).   If fiat money is really so wonderful, then why not allow the free-market to decide? We don’t need a mandated centrally controlled gold-standar d backed currency. Just open up this market (like all other markets) to free competition and let the best currency win. Freedom is the primary issue, as always. Freedom works if you let it.

    For a short explanation try my essay License To Steal at strike-the-r oot.com (hit on Root Strikers for my archive - sorry I can’t find the Editor or Toggle on this site to paste links)

    For a case study in why this is bad and how the business-cyc le is distorted by this process try Bankers, Bubbles and Fools.

    And a two part story that better explains the basics to some (great for the kids) is The Reserve Bank of Oz.

    This has been a pretty good thread except for the “history major” that apparently doesn’t see the words Federal Reserve Note written on all our paper bills and the Jew hating conspiracy stuff that really misses the point whether you are right or wrong. To wit: Would you be any less a slave if Christians, Muslims, Atheists or Buddhists controlled the internationa l banking system?

    Mark Davis

  238. JoeS, I respectfully disagree that the free market can be trusted to the money. What I’d really like to see is a central bank, like most civilized nations have, but America still clings to our libertarian frontier attitudes. When you look back at the histroy of the standard (the rushes, the depressions, the inflation crises, the runs, etc) you see the need for the fiat. Personally, I’d like it out of the private sector entirely, but the Fed seems like the best we can hope for.

    One of the flaws I’ve noticed in the anti-Fed arguments is the lack of evidence of malfeasance, cabal, or really any deleterious effect it has on our society. They all say the Fed is up to no good, but present only vagueries as evidence. Mark’s point, if anything, is self-defeati ng. Yes, the Fed exists to to control inflation, runs and liquidity! It’s actually done a fair job of it. Now, if only the FTC and the SEC would take their jobs a little more seriously perhaps we’d see fewer scams, like Enron, the S&L crisis, and the looming sub-prime disaster - all the effects of under-regula ted markets.

    The free market has shown itself to be unworthy of our trust. We want the markets to be as free as humanly possible, but in order to do that we have to have an active government to keep the market forces from misbehaving.   We need a central bank. We’re stuck with the Fed. It’s better than gold, and it’s damn sure better than market anarchy.

    JMJ

  239. If you want to know why he wants to abolish the fed, then why don’t you simply read his many articles on the issue? Do you really think he has time in the debates to explain it thoroughly?

    http://www.l ewrockwell.c om/paul/paul -arch.html

    http://www.h ouse.gov/pau l/

  240. If you really want to know why he wants to abolish the fed, then why don’t you simply read his many articles on the issue? Do you really think he has time in the debates to explain it thoroughly?

  241. Of course Adam Ghaznavi is right. There are many people who understand the system. It all boils down to in whose interest it works. There has to be a public oversight, not personal congressiona l, but PUBLIC. Americans in general are so short of understandin g that they are easiest to fleece. It is also the largest economy to reap. Some claim that the best economic therapy now would be dollars’ collapse. This would definitively kill the parasite, but also weaken the patient.

    Forget the gold standard. Though it might kill the parasite it would also stifle our internationa l competitiven ess, internal too. Money is a promise, a contract, that’s all.

  242. JMJ, now we’re on to a debate about free markets which is a good one to have. You say:

    “When you look back at the history of the standard (the rushes, the depressions, the inflation crises, the runs, etc) you see the need for the fiat.”

    You need to substantiate that statement. I don’t see the need for the fiat. When I look back on history I don’t see an economy that was ever free of fiat (interventio n by violent means - almost always the government), and I contend that it is generally fiat that causes the problems in the first place.

    That’s not to say that people acting in their own interests within the free market don’t make mistakes. A kind of silly example off the top of my head is balancing your check book. You may make an error and overdraw your account. However, your error has no chance of plunging the entire nation into depression.

    You say that the free market has shown itself to be unworthy of trust. I refuse to discuss a concept as if it is an individual. The “free market” is neither trustworthy nor untrustworth y. I will admit that some individual people are not worthy of trust. Many of them go into government. Yet you trust government bureaucrats to regulate important parts of our lives.

    You cite Enron as one of your examples of market failure. This is an interesting case study because I have experience with the reactionary regulations that you (as a history student) would not. Government agencies already tasked with regulating the market failed to discover the fraud until damage had already been done. [As an aside, I contend that someone intent upon committing fraud will often be able to get around whatever regulations are put into their way.] The resulting regulations are the Sarbanes Oxley laws. I have had to deal with the mandated audits, and I can tell you that the people doing them can’t hope to have the expertise to effectively monitor what they’re tasked to do. [I deal with financial derivatives.  ] Yet for a smaller company, the cost of Sarbanes Oxley compliance is quite high. The result is one more barrier for smaller competitors to enter the market. The laws’ stated purpose was to reign in abuses by large corporations . The result will be to reinforce large corporate dominance in the marketplace while not offering any real protection. This is typical of government regulation. Even when the politicians and bureaucrats are trustworthy, they are often inept and actually cause the problems they claim to be solving. Yet when we observe their mal-effects, we will inevitably blame it on the free markets!

    Money is far too important to trust to these people. I recommend the essays linked by Mark Davis (above).   I am in philosophica lly in agreement with them.

  243. Fractional-r eserve banking is a form of fraud. Banks have runs when the fraud becomes evident to deposit holders. This is not “market forces misbehaving” . It is market forces (really individuals acting in unison) reacting rationally to the revealed knowledge that they are being defrauded.

    The boom part of the business cycle was created when the banks began the fraud and created the illusion that there was more money available than really existed. Nobody complains about the boom phase of this artificial cycle.

    The bust occurs when the fraud becomes evident, if not fully understood. Since there really wasn’t enough real savings to support the boom, the businesses that expanded because they were fooled reach the point where they can’t pay back their loans. This puts a strain on the amount of money that deposit holders can then withdraw. The deposit holders just know that they can’t get their money back and a panic ensues.

    Laws against fraud are the only regulations required to end the boom-bust cycle. Institutiona lizing the fraud does not solve the problems of the credit induced business cycle, it just makes the swings larger (e.g. The Great Depression).

    The idea that we need central bank managers to protect us all from evil bankers is what is self-defeati ng because you have given the biggest of these evil bankers the power to create a cartel that manages (eliminates) all their competition.   Competition is the most effective and fairest way to regulate any market. You can never eliminate fraudulent business practices, but you can eliminate the ability to perpetuate them through institutions like the Fed.

    Banks in a free-market would remain solvent through building strong reputations by not engaging in the fraudulent practice of fractional-r eserve banking; not by telling you not to worry because the tax-payers will bail them out when they get caught scamming the public.

    Enron, the S&L crisis, etc. are the product of highly regulated markets, not free-markets . Too promote more regulations simply concentrates more power into the hands of the existing large corporations who write the regulations and hire the regulators that supposedly watch over them by restricting their competition.  

    The so-called deregulation of S&Ls was not a return to free-market principles, but a masterful manipulation of regulations designed to eliminate the last vestiges of local lending institutions that were competing with the large banks. It allowed the S&Ls enough rope to hang themselves by allowing them to expand their ability to defraud deposit holders (be more like banks) and now they are no more. Again the market gets blamed for regulatory slight of hand and so the result is a call for more regulation!

  244. There is a recognizable need for monetary reform. Unfortunatel y, many reformers go about it the wrong way, and have mistaken beliefs.

    There are two main reasons for the misconceptio n that we need a gold backed currency: One is that if it’s not backed by anything, it’s inherently worthless. That only gold or backing gives it real value. The second is that it puts limits on how much money can be printed, therefore controlling our ever rampant inflation problem.

    The first is a rather silly misconceptio n because, due to fractional reserve banking (which is what we would have in a gold or other backed currency)it means that the money really isn’t backed at all but just partially(fr actionally) backed. That is why there were so called “runs” on the bank around the turn of the century…. because people started turning in their dollars for gold… but because of fractional reserve there is much less actual gold than cash. Therefore that your money is redeemable was just an illusion, as was shown in these bank runs. For example, If the bank had 100 Gold to use as “reserves” they could let out a certain portion more as cash. Say 1000. Now if those 1000 all tried to cash in for gold at the same time, panic would ensue. This is an old system that was devised in the time of Babylon, and perhaps even before, and it worked because most of the time people didn’t actually cash in their notes, or tender. They only needed about 10% on reserve and could expand beyond that point.

    What gives money it’s power is not the gold or metal that backs it. It is the legalization and acceptance of it in payment in the form of taxes. As soon as the government creates a law accepting a money in the form of taxes… it gives it, let us call it an inalienable value. A value that is as good as your government. It doesn’t matter then what the money is made of. King henry successfully used tally sticks as his means of exhange… and payment of taxes, and therefore they had intrinsic worth.

    This is not to mention that fact that gold itself is no real store of value but is fictitious. As it is like any other commodity, it can be bought and sold… and its supply can expand. Therefore its value can go up and down, sometimes even drastically.

    The second misconceptio n that takes place is that gold limits how much can be printed. But in reality, it doesn’t limit how much can be printed… it just makes it possibly harder to print copious amounts. Since there is a finite amount of gold, and the money supply needs to expand… it is impossible to have a fixed, concrete unchangable reserve ratio. Say 10% . Well you could but what would occur then is a shortage of money and deflation, which is not good either. Therefore over time the reserve ratio would have to be changed. But if you can change the reserve ratio, then you can theoreticall y still print just about as much money as you wanted. Therefore it is not a real or true limit. Maybe it just appears that way to some people.

    To understand what causes inflation, you must first take a perfect model, and then learn how ours deviates from it. A casino style chip system is a perfect model for money and exchange. You give up collateral in exchange for tokens. This collateral can be your gold watch… money, or what have you. BUt the point is that there is never inflation in this system. A 100 dollar token is always worth 100 dollars. THere is never an excess or shortage of tokens for exchange and transaction.

    How does ours deviate from this? It is quite simple… when we take out a loan new money is created. The principal is created, and the principal + interest are due. The collateral you pledge however, is an IOU. You generate it over time. You do not give it all up front and at once. If you did, then our economic system, would essentialy be a form of barter. Which is what a casino really is… a way to barter. Our system , the money is generated ahead of the capital that backs it.

    This , as you can see… will cause an inflation.. but what controls this inflation is that over time… as you pay back the loan, you generate the capital that backs it up and the money is paid back and destroyed. You do “work” and this work has real value.. but you can’t do all the work at once.

    Let’s demonstrate: we have a man named Ron and a man named paul. Ron has the materials to build a house. Paul wants the materials , so he can build it… but he does not have money to buy it, so he visits the banker. Now lets say the materials are worth 10 thousand dollars. Paul gets the loan from the banker at 10 thousand dollars. He gives the banker 10 thousand dollars worth of livestock. Lets say they are donkeys. After he gets the 10 thousand dollars, he pays Ron the money for the materials. Now what is the problem? The problem is that Ron now has the money but what will he spend it on ? Since Paul put donkeys as collateral, he could use the money to buy the same amount of livestock from the banker. This is of course not how our system works, but how it would if you wanted absolutely no inflation. It would essentialy be a form of barter as you can see. Now lets see what happens in the real scenario.

    Paul wants Ron’s materials to build a house. He goes to the bank for a 10 thousand dollar loan. As his collateral, is an IOU. He gets the 10 thousand and pays Ron the money. Now whats the problem? The 10 thousand in capital that this money represents can’t be spent now, because it isn’t generated yet. He can hire ron to work… but in essence he can only work for a small amount of the actual loan over time. What this means is there is an excess of money in relation to capital available… which is inflation. Our economy is the same but in a much larger scale.

    What then controls inflation? Debt controls inflation. As a debt is paid back, the collateral that represents the loan is generated and produced. As the money is paid back it is destroyed. The total net effect is no inflation. If someone fails to pay their loan, and bankruptcy happens… then inflation would occur if the debt was left outstanding and never paid back. But the bank absorbs this risk… which means the money is destroyed..

    Why is there inflation then? Well you must consider the time of the loan. Say it only took paul two years to work off the loan that he took. The amount of inflation would seem much less then, to Ron, because of the short life of the loan he could spend half of his money a year.

    But lets say i lent out an infite loan to someone.. which in essence.. only had to be paid back a penny a year or something. Essentialy this loan would be 100% inflationary and as you can see, there is a time graph of how long the loan is compared to it’s inflationary impact.

    So are we experiencing inflation because of loans that are too long? Not entirely. Much of the inflation that effects us is the result of money that is created with no debt attached. In essence this is like the infinite loan… where it is 100% inflationary . Money is created through loans with debt attached, but it is also created through open market operations for example. Proof of this is the fact that the total money supply exceeds the total debt. this can only be possible if some of the money has no debt attached.

    To control inflation then you simply : Eliminate debt free money which is created from nothing and never paid back , and has no due date. 2. You as the bank would use the length of the loan, as the determining factor in giving it. For example… If a married couple is assessed that they can pay back a 20 year loan @ 5 percent interest for 100k…. Then in an interest free system… They will be able to pay the same loan back in 13 years. And of course, through this assessment you let them have the option of taking that time as their maximum limit. To control inflation then you would simply become more strict and decrease the amount of time on loans that you were willing to give.

  245. Kosiasko summed it up perfectly: “Money is a promise, a contract, that’s all.”

    We base the trust in that contract on the good name of the American people. That is it. We can not be reduced in value to any single commodity. We are people, not commodities to be traded and bartered.

    JoeS,

    Yes, you are right, the fiat is as old as the City State. It’s nothing new. But the Standards have been applied in the past and the tumolt that is supposedly the result of the Fiat was just as tumoltuous with more or less of the Standards. That’s why I say that the debate is moot.

    You said, “That’s not to say that people acting in their own interests within the free market don’t make mistakes.”

    It’s not the “mistakes” that worry me. It’s the crime and corruption. You are falling for the ideological myth that somehow the private sector is naturally less crooked than the public. I worked in trade. I worked with governments and companies from countries all around the world. I firmly am convinced that money is at the root of all corruption, public or private. Power is secondarily corruptive to money because money can buy power but power cannot necessarily buy money.

    You said, “You cite Enron as one of your examples of market failure. This is an interesting case study because I have experience with the reactionary regulations that you (as a history student) would not.”

    I was a history major a long time ago, my friend. I’m a happily married, grown man now. I was also a musician, an SAE inspector, and spent a decade working for the biggest container lines in the world. I know all about the reporting and accountabili ty rules that came out of Enron and Worldcomm. To complain about them seems petty to me. No big deal. Even a small firm can keep up on it’s books. I know. I made those regular reports for a living - and that was involving millions of dollars all the time. No big deal.

    As for Mark Davis, I agree that the overproducti on of money is dangerous, and that’s exactly why I say we need a Central Bank! I just don’t see how opening the whole thing up to market forces is anything other than blithely suicidal!

    Thanks for the good debate, JoeS. This is fun.

    JMJ

  246. […] Ron Paul Introduces Legislation To Abolish The Federal Rese rve | Jun 19th 2007 On Friday, Rep. Paul introduced H.R. 2755 To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes. The text of this bill is not yet available on-line but Rep. Paul introduced a similiar bill back in July of 2003 which never even made it into committee. Posted in Banking/Mone y, Ron Paul, USA […]

  247. Hey Ron! Ross Perot is calling! Yeah! He says you’re stealing his message and he’s gonna kick your ass Texas style!

    ‘Tell him to go fuck himself… oh, and ask him why he wanted Clinton?’

    That’s a question I’ve pondered for years. My guess is that Perot, as nutty as he was, was realistic enough to recognize that the GOP was about to take the nation and that Clinton would be a popular balance against them. Looking back, I think Perot showed himself to be more patriotic than most flag-wavers.   I wonder who Paul will back in the end, if anyone, or if he will spur more interest in Third Party “constitutio nalists” and libertarians . I wonder about those people.

    (I loved the whole Perot thing, by the way. I just thought he was great Americana. But a Perot presidency? Eh.)

    JMJ

  248. As a Catholic, Our Lady of
    Perpetual Help, comes to mind.She could maybe help us destroy this perpetual fraud
    and age-old ripoff at least for a while.
    We’d have to pray, weaponize our Holy Tally Sticks and march in swinging.Swi ng for
    the rafters and the bleachers.
    “Nous allons l’enfants de la Patrie,” etc. Sans-cullott es all together and the princes and the priests too.Hit’em with some weaponized and holy
    Tally Sticks.

  249. Owen’s insane…

    JMJ

  250. Jersey,

    Is it too late for me to jump in?

  251. I’m not insane. I’m from
    Louisiana! And I can swing a
    tally stick. Geaux Tigers!!!

  252. As one wag said, “metal is
    durable but it doesn’t grow.”
    And I think the same observer
    wrote, “Usura strangleth the
    child in his crib.”

  253. “John Q Public; easy tiger, Elias has done nothing but speak the truth. Nothing “Zionist in anything he’s said. It’s a wake up call, and one that everyone should be aware of. No matter how popular Ron Paul is on the Internet, it’s out in the real world where people need to know who he is and what he stands for - and until we (every last one of us) get off our asses and shove it in people’s faces, nothing is going to change.”

    Fuck that Zionist! He spoke of NO hope that I recall. The only “truth” I heard was that this scumbag, and his ilk, want Ron Paul to disappear. Do me a favor, worry about yourself-I’l l decide for myself who is a Zionist scumbag. No quarter for these butchers-PER IOD.

  254. JMJ,

    What is this Standards (capital S) you’ve mentioned? A link might be preferable to a lengthy post.

    It’s interesting that you suggest that I’m falling for an “ideological myth that… the private sector is… less crooked than the public.” I react in the same way that I did when you called the free market untrustworth y. I adopted the political philosophy that I represent because I know that crooked people exist and probably always will. I think that when you establish institutions that rely on violence and falsehoods that the crooked will be drawn to them.

    In any case, I will happily agree that there are plenty of people outside of government or institutions established by government who are crooked. However, if you say that politicians and bureaucrats are less crooked in general than the rest of the population, I think that you’d be in the minority of common opinion there.

  255. Check out this essay on central banks:

    http://www.l ewrockwell.c om/north/nor th539.html

  256. JoeS, read the post about the Standard (the Gold Standard) and then read about “standards”  (you know, any commodity-ba sed standards) in general, and then you can catch up.

    Steve! What do ya’ got, man?

    JMJ

  257. YOU still have NO CLUE, Jersey!

    I’ve been watching you for DAYS!!!

    How can you get suck a KICK out of being completely misinformed?  ! I feel awful for YOU, I really do.

    Look, here’s a FREE education for ya! All you have to do is push play. We’ll talk to YOU once ya get caught up.

    http://xrl.u s/Jersey-McJ ones

  258. Here is the CARTEL that Jersey McJones has been supporting non-stop.

    We need to ask ourselves ONE question. Why would a man continue to lend his support towards these kinds of people.

    He either a.) Doesn’t know any better
    or b.) Is a Dam Fed himself

    http://xrl.u s/McJones-Je rsey

    YOU be the Judge. This discussion is OVER. If we don’t buck the Federal Reserve we’re ALL going to continue getting screwed.

  259. Okay, JMJ. I was just being dense. So you call the Standard any commodity based money. You say that there has been as much tumult under commodity money as under fiat money. I disagree. I believe that the wealth appropriated by printing a debasing currency largely financed the wars of the 20th century.

    That being said, I won’t argue that there will never be problems with a commodity currency. Dishonest bankers would always be tempted to issue loans and collect income on funds that they don’t have. We should properly call this fraud, and government should do nothing to stand in the way of prosecuting such bankers. The problem is, we’ve never had a period in modern history (cavemen bartering rocks doesn’t count) when government did not protect corrupt bankers.

  260. Interest-fre e, tax-free local currencies are probably the best way to restore our middle class until the full-blown U.S. monetary revolution takes place. Then for the long term, the ultimate solution will be The American Monetary Act:

    http://www.m onetary.org/

    Ron Paul’s proposal to exterminate the Fraudulent Reserve Bank of New York (the Delaware Corporation?  ), will probably get him my vote. However, I’m not a fan of returning to the gold standard. The idea of that gold confiscation during the Great Depression (where people were forced to open their safe deposit boxes in the presence of armed guards) gives me the creeps. You all know what happened to our grandparents ’ and great-grandp arents’ gold after that… I think the words for it are ‘pillage’ and ‘plunder’. Then, predictably, Rockefeller broke his ‘promise’ (as sociopaths are wont to do) — as Americans were imprisoned in the Depression for another seven years after that, until we finally entered into another war debt (with compound interest, of course) for military-ind ustrial complex mega-profit.

  261. executive orders are illegal and so is the gold confiscation . Ron will make sure executive orders are a thing of the past. No more of this one branch dictatorship when we are suppose to have all three branches involved.

  262. The collapse of the world economies created by modern banking—bu ilt on a foundation of debt larger than ever imagined—i s now about to occur. And, as this epoch ends, the role modern banking played in the coming collapse of the world economy is clear.

    http://www.f inancialsens e.com/fsu/ed itorials/sch oon/2007/061 9.html

  263. It’s been admitted by Bernanke and Greenspan that the FED was
    the absolute primer driver if not the essential sole cause of
    the great Depression.

    We need more light, more transparency  , more (dare I say it?) morality in this process.

    Paul’s my man for that job.

  264. Banking & Federal Reserve quotes
    http://www.f reedomdomain .com/bankquo t.html

  265. To those who don’t know the fedeal reserve contols everything from bank loans,car loans, and as well as your mortgage. The Federal Reserve System exists only to serve its owners and member banks and in doing so is hostile to the public interest. That’s because it’s a banking cartel with the power to restrict competition for greater profits gained at our expense. It goes from our pockets to theirs

  266. In 1787 a small group of men was elected to write the new set of rules. It would be called the Constitution of the United States. James Madison and Alexander Hamilton were elected to the group. Governor Morris of New York wrote the Constitution by hand. Its opening statement called the Preamble explained why the new rules were being written. The Constitution allows the power to “coin money,” but not print it since in 1787 printed money was considered too easy to counterfeit.   You get the idea. I get the feeling someone actually put a loop hole in the constitution  , So little people became so rich and so fast in a new world where we are all created equal

  267. If we can manage to elect Ron Paul for president, he CAN AND WILL abolish the Federal Reserve (hopefully before he gets killed in an innocuous car accident or plane crash thanks to our friends at the IMF).  Those who love the truth must no longer allow the lies to go unanswered.  Even as darkness can ONLY exist in the absence of light, so also lies can ONLY exist in the absence of truth.  Darkness has no power over light.  Lies have no power over truth.  Fear and Love the Light, never the Darkness.

  268. FACTS which Universities  don’t teach…. take a few hours to rethink Economics:

    http://video .google.com/ videoplay?do cid=-5153195 60256183936& q=The+Money+ Masters

  269. since we don’t own the Federal Reserve (never did) and the cabal that does, had controll ed  the last depression, I see no need to let them control us any longer…

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