Posted on 01/10/2011 6:17:58 AM PST by IbJensen
The Patriot-Liberty movement has railed against the Federal Reserve for decades. Inexorably attached to the abolishment of the private banking monopoly, the entire political career of Ron Paul is an inspiration for any citizen who values liberty and defends the U.S. Constitution. The Federal Reserve is the Enemy of America.
The central cause for the financial collapse of the country rests upon the fractional reserve debt created money racket, which relegates the taxpayer to chattel slave status. You know this is true, and the politicians fear that at some breaking point you will rise up and force a return to honest money.
Ron Paul states the obvious in the Congressional Record.
“Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of the special interests and their own appetite for big government.
Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy”.
Is it possible to replace a private banking cartel as the issuer of money? Career politicians spend trillions of Federal Reserve Notes that accrue interest payments upon the very creation of money. In this political environment, can this tribute payable to the central bank, be eliminated?
Listen to an NPR radio “All Things Considered”, and compare the fairy tale viewpoint of the role and function of the Federal Reserve by NPR to the rational and fiscally sound solutions that Congressman Paul presents. The apologists for the central banking swindle are “Tools” not of capital but of elite’s bankstersthat hold hostage an entire economy. Business no longer has the effective ability to overcome the excessive burden of unnecessary systemic interest. This is the inevitable consequence of a debt pyramid, when governments are required to pay tribute on money created by an accounting addition. It is sad that self-professed intellectuals are so ignorant of the functions and ultimate purpose of the Federal Reserve.
Viewing Ron Paul 0wnz the Federal Reserve and on Dylan Ratigan Jan 6 2011 provides valuable background and a hint of what may be possible. Expectations need to be realistic. While the dam is buckling and a flood is poised to wipe out the valley, only a perspective from high ground can attempt to ease the pain, which is inevitable. Paul is playing down the immediate prospects of replacing the Fed, not because he lost his nerve, but because of the squishy, all things considered mentality, that permeates the society. In order to right the ship of state, the bailing needs to start with stopping the bail outs.
Such measures are pale when placed in context with the real power that rules both the money centers and the political suites. Remember your history before you risk its repeat . . .
“The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizens of this plight.” — President John Fitzgerald Kennedy - In a speech made to Columbia University on Nov. 12, 1963, ten days before his assassination!
Challenging the Central Bank stands as a risky venture and surviving not always guaranteed. The following is from President John F. Kennedy, The Federal Reserve And Executive Order 11110.
Section 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended-
By adding at the end of paragraph 1 thereof the following subparagraph (j):
(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12,1933, as amended (31 U.S.C.821(b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption
and --
By revoking subparagraphs (b) and (c) of paragraph 2 thereof.
Sec. 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.
John F. Kennedy The White House, June 4, 1963.
Just coincidental or is there a direct message when one seeks to remove the gravy train from the inside circle of the real conspirators? Note that devoted followers of Ron Paul need to recognize that one man standing alone needs protection. The best way to secure that a serious audit of the Federal Reserve will take place is to coordinate among all factions and ideologies the imperative requirement that the Central Bank is accountable to the People. An audit is not nearly the resolution to replace the Fed, but it can be the starting point to invoke righteous outrage of the populace that might spread to the newly elected representatives on the Hill.
If Congressman Dennis Kucinich can agree with Ron Paul, The Tea Party freshmen can take the leap. In 2007, Paul Introduces H.R. 2755: To Abolish the Federal Reserve. Section (b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed. The enactment of this simple directive would be the most earth shattering and economic liberating action seen in the lifetime of everyone alive. If you doubt this conclusion, examine the significance of the American Financial Stability Act of 2010. Thomas R. Eddlem states, “In short, the bill would allow any investment risks that federal government regulators find acceptable and ban any regulators find unacceptable”.
Federal Reserve Bank of Philadelphia admits that the Dodd-Frank Financial Reform Act will increase the power of the Fed.
“The Financial Stability Act establishes the Financial Stability Oversight Council, which will have the responsibility to promote market discipline, coordinate with other regulators to identify and respond to threats to financial stability, and resolve gaps in regulation.
The council will have the authority to place a systemically important financial institution under the supervision of the Federal Reserve. Nonbank institutions may be required to establish an intermediate holding company to be regulated by the Federal Reserve and may be required to divest holdings. The Federal Reserve, in consultation with the council, will tighten prudential standards for the large, interconnected BHCs and financial institutions it supervises. These firms will undergo annual stress tests and will be subject to credit exposure limits. Conferees added a House-passed provision that will require such institutions to maintain a leverage ratio of 15 to 1”.
Just imagine expanding the Fed to regulate banking when the Federal Reserve should be under the microscope as the most vicious criminal syndicate of all time. When the Central Bank buys government bonds that must pay interest by the Treasury, this rigged game of extortion is out of control. “Now with holdings of $821.1 billion, the Fed is officially the second largest holder of U.S. Treasury’s, next to China and is just $25 billion away from being the Treasury's largest creditor”.
The Daily Paul is the flagship site for all things Ron Paul. Their total number of visits since 1/21/2007 reported to be over 42,403,507. The Ron Paul Forum on Liberty Forest has over 27,290 members. Both services have a devoted and loyal following. Nevertheless, this core group of activists is not enough to drive a national campaign with a single purpose. ABOLISH the Federal Reserve.
A Bloomberg National Poll conducted by Selzer & Company, has the top two issues as Unemployment and jobs at 50% and the Federal deficit and spending at 25%. The jobs and deficit issue is a direct result of the criminal central banking system. A major component of excessive spending is interest. In FY2010, the Treasury Department spent $414 Billion of your money on interest payments to the holders of the National Debt. The reason for the decline in the purchasing power of the Dollar is inescapable. In order for Ron Paul to lead the crusade against the Fed, he needs a bodyguard of millions to save the American Dream. The life you save is really your own.
Congratulations! You sign paperwork that says the bank can do certain things and then the bank does those things and it isn't fraud.
Nice when industry writes its own laws isn't it?
That's funny. As if banking isn't one of the most regulated things in the country.
That still does not make it moral, ethical or less fraudulent.
Yeah, it makes it less fraudulent.
Definition of FRAUD
1a : deceit, trickery; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right b : an act of deceiving or misrepresenting : trick
You got to be kidding! Go back and look at the Depressions and the Panics that we had. We had Depressions every 20 years. Not Recessions, but Depressions. Year to year currency swings were wild, despite the dollar being gold backed, or rather because of. You had the long depression following the civil war which basically lasted 30 years.
How much more could the country have grown if we hadn't had the wild currency swings and the depressions. And the civil war razed half of what was built.
Would you agree that selling packages of sub-prime, alt-a and AAA debt while representing the entire bundle as AAA is fraud?
Who represented anything as AAA?
Do you understand how the word, depression, used to mean still economic progress?
That, “ The Great Depression” wasn’t a depressed increase in wealth, but a regression, a “Recession”, a non progress,a non slowing down, but an actually backwards poverty movement?
The great thing about the gold standard was there entire parts, if not the majority, of the economy that was isolated/protected against that standard. Obviously, you are against people not being forced, compelled, dragooned into that racket by force. OK. Fine.
Do you understand why today they call the events of the 1800's "Depressions"?
Here's a clue....
GNP (million)
1807 $511 -> 1809 $433 DEPRESSION of 1807-1814
1817 $591 -> 1824 $455 Panic of 1819 6 Year DEPRESSION, Foreclosures, bank failures, Wages fall
1827 $530 -> 1830 $499
1832 $560 -> 1833 $504 Panic and DEPRESSION, unemployment 10%, 33% in NYC.
1842 $638 -> 1844 $577 DEPRESSION of 1837-1844, 40% of banks fail
1847 $725 -> 1850 $606
1857 $836 -> 1859 $712 PANIC Unemployed riot. 5000 banks fail
1873 $1247 -> 1879 $1112 DEPRESSION of 1873-1878, unemployment 14%, 18,000 businesses fail,
1893 $1289 -> 1898 $1455 "More than 15,000 businesses failed, 500 banks closed, and unemployment remained over 10% for five years, making this the worst U.S. depression up until the Great Depression."
Does this look like "slowed growth" to you? The only one that even comes close is the Depression of 1893 which saw increases in GDP despite 5 years of unemployment at 10%
First, I question that data.
Seriously, do you think they had the equipment,software, to collect that, in those days?
Anyway, what I do like is the quick, short time frame of economic disruption. Unlike the the post Federal Reserve act and, what, near three years into our ‘depression’, which might last another ten, or more. 13+ years, near a generation. Yeah! Supper. I’ve read that the firs Federal Reserve Depression was from 1929 to 1945. Nice. That’s 16 years. Why, I’m an idiot to want to go back to an era of one year depressions. God forbid we trade that for decade plus Depressions.
I don’t know where you’re getting 1 year depressions, 5 6 7 years and the long depression after the civil war was considered 30 years.
This is the first depression we’ve had since 1930. 80 years depression free. 70 if you want to stretch the great depression out to 1940 to pick up that 1 year depression in 39.
You need to read up on history a little and don’t just take Ron Paul’s word for it that the Depressions of the 1800 were mild.
I don’t know about the unemployment, but it seems like they would have very good stats on the bank failures and the business failures. After all there ought to be banking records and sales tax records.
And as far as the current depression, it’s a little early to assume it’s going to last 3 years much less 13.
Well, there’s a thing thought of as history, and then there is reality. Why shouldn’t we have a depression post the Civil War? We only destroyed a third of the country, near nigh wiped out a generation of labor, had our first serious bout of printing paper money, and still managed to from 1865 to 1895 to double in size, do the continental railroads, close the west, build hundreds of cities and increase population, wealth by many times. God forbid we have such depressive, real, physical growth again.
Hey. Numbers are symbolic representation of reality. They are not reality themselves.
We’ve already gone three years.
Oh, well, doubling of our entire history of debt, so fare, and we are almost out of the woods. Whoopee! Our grandchildren will thank us.
You can thank Congress for that. And they can do that with or without the Federal Reserve.
Sounds like Moodys, Fitch and S&P gave bad advice.
knew that it could not have been AAA
What's the definition of AAA and how did they know?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
