Bannon is correct.
Conservatives will never win, and the power of Fed.gov controlled by statists and leftist will forever increase, as long as there is a central-planning monetary authority.
Printed, fiat money, and the debt creation it allows, is the foundation of all power for the leftist nanny state.
Bring back either a gold standard, or a silver standard.
We need to return control of the money supply to the loyal and fiscally responsible people in the Treasury and Congress. Once we find some.
They (politicians) will never willingly end it.
Bannon should have gotten on the Ron Paul end the fed train years ago.
The Fed is audited.
I just finished the book, “The Creature from Jekyll Island”, by G. Edward Griffin.
The book is about the creation of the Federal Reserve, how it was done in secret and how the 1912 Presidential election of Woodrow Wilson was basically rigged because he supported passing the bill that created the Federal Reserve.
The book also goes into great detail about fiat money, central banks throughout history, and their role in wars, economic depressions, etc.
In the end he lays out his ideas on ending the Federal Reserve and how to convert back to a gold/silver based money.
If you haven’t already read the book, it’s long almost 600 pages but it’s worth the time if you interested in how screwed we are by the Federal Reserve.
There’s always people who will applaud that, but it’s not going to happen.
One of the reasons the CIA assassinated JFK was because he intended to audit the Fed.
Threatening to end the Fed would REALLY get them riled up.
It would be interesting to hear him lay out his alternative.
Why did you JUST think of this now, when you had a guy in there FOR FOUR YEARS? You will NOT get that chance again. You BLEW IT bannon. Once again you talk a great game from your “war room”.
More specifically, since Founding States had expressly constitutionally given Congress the specific power to regulate value of money, consider that ordinary citizen voters not only had the power to regulate its value indirectly, but the states had prohibited themselves from using anything but gold and silver as legal tender to protect Congress's power to regulate its value.
"Article I, Section 8, Clause 5: To coin Money, regulate the Value thereof [emphasis added], and of foreign Coin, and fix the Standard of Weights and Measures;"
"Article I, Section 10, Clause 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts [emphasis added]; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
In other words, Wilson not only unconstitutionally killed the voting power of ordinary voters to indirectly regulate value of money, but likewise unconstitutionally stripped Oval Office of power to sign or veto bills that regulate value of money, defeating the purpose of Congress's express power to regulate value of money.
Unsurprisingly, the constitutionally unauthorized (imo) third parties that are now regulating value of money have arguably weaponized that power, especially using prohibited, hard to regulate paper money to weaken the constitutional republic.
In fact, Justice Joseph Story had indicated that a main reason why delegates to the Constitutional Convention had given Congress the power only to mint money (metal coins) is that pre-Constitution experience with paper money had proven that it is difficult to regulate value of paper money.
"It has been justly remarked, that the power "to coin money" would, doubtless, include that of regulating its value [emphasis added], had the latter power not been expressly inserted. But the constitution abounds with pleonasms and repetitions of this nature."—Joseph Story, Article 1, Section 3, Clauses 4 and 5, Commentaries on the Constitution 2:§§ 732--33, 735--39
"It is further to be observed, that the states cannot issue bills of credit; not that they cannot make them a legal tender; but that they cannot issue them at all. This is a clear indication of the intent of the constitution to restrain the states, as well from establishing a paper circulation, as from interfering with the metallic circulation [emphases added]."—Joseph Story, Article 1, Section 3, Clauses 4 and 5, Commentaries on the Constitution 2:§§ 732--33, 735--39
Corrections, insights welcome.
So what does a Fed owned by the American people look like?
Bannon’s the Prince of populist rhetoric but doesn’t care what comes once things are burned down.