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Ron Paul introduces Bill to abolish Federal Reserve
GovTrack ^

Posted on 06/18/2007 7:12:19 PM PDT by BlackJack

H.R. 2755: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve...

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.

(Excerpt) Read more at govtrack.us ...


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KEYWORDS: kook; pitchforkpat
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To: ssaftler
The fallacy in your argument is that S&Ls weren't covered by FDIC at that time (and may still not be).

Who cares which agency covered them? The point is that consumers should care about the solvency of banks. When it is left to the government, disaster happens.

141 posted on 06/19/2007 8:21:55 AM PDT by Rodney King (No, we can't all just get along.)
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To: yatros from flatwater

The anti-Fed, pro-Gold Standard attitude would leave us with a zero-sum economy, where one would only get rich by impoverizing someone else.


142 posted on 06/19/2007 8:22:54 AM PDT by RockinRight (Our 44th President will be Fred Dalton Thompson!)
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To: BlackJack
Yes, I do read establishment history. I am not a conspiracy kook who believes the "European bankers" are out to get us.
Richard Lawrence (1800? – June 13, 1861) is the first known person to attempt to assassinate an American President.

Lawrence was born in England in 1800 or 1801. By the time he was an adult he was clearly mentally ill. Lawrence worked as a painter and there is speculation that exposure to the chemicals in his paints may have contributed to his derangements. By the early 1830s he was unemployed and had succumbed to the delusion that he was King Richard III of England. His personality changed dramatically around this point. He gave up, saying that he had no need to work as the American government owed him a large sum of money but that President Andrew Jackson was keeping him from receiving it, which prevented Lawrence from taking his rightful place as King of England. He said also that the USA had owed him money since 1802.

According to his later testimony, Lawrence also blamed Jackson for killing his father in 1832, despite the fact that Lawrence's father had actually died nine years earlier and had never been to the United States.

Lawrence decided he should kill Jackson. He purchased two pistols and began observing Jackson's movements. For weeks before the assassination attempt, he was seen on most days in a paint shop talking and laughing to himself. On January 30, 1835, Jackson was attending the funeral of South Carolina congressman Warren R. Davis. Lawrence originally planned to shoot Jackson as he entered the service but was unable to get close enough to the President. However when Jackson left the funeral, Lawrence had found a space near a pillar where Jackson would pass. As Jackson walked by him, Lawrence stepped out and fired his first pistol at Jackson's back; it misfired. Lawrence quickly made another attempt with his second pistol but that also misfired. It was later determined that the weapons he had chosen were noted for being vulnerable to moisture and the weather on that date was extremely humid.

Lawrence's unsuccessful attempts had drawn the attention of the crowd and he was quickly wrestled into submission by those present (including Congressman Davy Crockett). It is reported that Jackson assisted in subduing his attempted assassin, striking him several times with his cane.

Lawrence was brought to trial on April 11, 1835. The prosecuting attorney was Francis Scott Key. After only five minutes of deliberation, the jury found Lawrence not guilty by reason of insanity. In the years following his conviction, Lawrence was held by several institutions and hospitals. In 1855, he was committed to the newly-opened Government Hospital for the Insane in Washington, D.C. where he remained until his death in 1861. (This institution was later renamed St. Elizabeths Hospital, and would house another would-be presidential assassin -- John Hinckley, Jr. -- who was committed after his trial for unsuccessfully attempting to kill President Ronald Reagan in 1981.)

As with later assassinations, there would be speculation that Lawrence was part of a conspiracy. While nobody denied Lawrence's involvement, many people, including Jackson, believed that he may have been supported by Jackson's political enemies. However, all subsequent evidence indicates that Lawrence was a deranged man acting all alone. It is likely that he suffered from schizophrenia of the paranoid type.[1]


143 posted on 06/19/2007 8:24:16 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: RockinRight
The anti-Fed, pro-Gold Standard attitude would leave us with a zero-sum economy, where one would only get rich by impoverizing someone else.

Right, because the economy didn't grow at all in this country from the time of independence until the Fed was founded.

144 posted on 06/19/2007 8:24:45 AM PDT by Rodney King (No, we can't all just get along.)
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To: BlackJack; Dick Bachert
Great quotes Bachert. Here is another one from jefferson:

If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be.


Jefferson also said: "Give up money, give up fame, give up science, give up the earth itself and all it contains, rather than do an immoral act. And never suppose, that in any possible situation, or under any circumstances, it is best for you to do a dishonorable thing, however slightly so it may appear to you." (Letter to Peter Carr, Paris, August 19, 1785)

Great stuff. The whole letter is quite incredible. It's in "The Life and Selected Writings of Thomas Jefferson".

In this particular letter, Jefferson also outlines a suggested curriculum for young Mr. Carr (including books in a particular order), with an emphasis on ancient history, reading everything in the original, and not a translation.

I wonder how many people constructing our American policy in our present day government has such an education. I would venture to say that even the highly educated of the present day are a dumbed down version compared to the highly educated of Jefferson's time.
145 posted on 06/19/2007 8:39:15 AM PDT by khnyny
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To: Rodney King
"Right, because the economy didn't grow at all in this country from the time of independence until the Fed was founded."

Right, it grew only enough to go from a deeply in debt upstart to the top economy on earth at the beginning of WW I.

146 posted on 06/19/2007 8:39:16 AM PDT by editor-surveyor (Turning the general election into a second Democrat primary is not a winning strategy.)
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To: BlackJack

I agree.

Esp. as the Fed is certainly capricious wrt setting interest rates.


147 posted on 06/19/2007 8:39:52 AM PDT by sauropod ("An intelligent man is sometimes forced to be drunk to spend time with his fools." Ernest Hemingway)
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To: Nephi

Except for his idiotic position on the GWOT and the “Declaration of War” business.


148 posted on 06/19/2007 8:42:07 AM PDT by sauropod ("An intelligent man is sometimes forced to be drunk to spend time with his fools." Ernest Hemingway)
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To: khnyny

Government Schools Then and Now

5 1/2 minute video at

http://www.youtube.com/watch?v=D0lR1KQq2-U


149 posted on 06/19/2007 8:49:18 AM PDT by Dick Bachert (r)
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To: noblejones

Oh really?

Your tagline puts the lie to that. Stein wants to soak the rich for more taxes.

How “conservative” is that?


150 posted on 06/19/2007 8:53:38 AM PDT by sauropod ("An intelligent man is sometimes forced to be drunk to spend time with his fools." Ernest Hemingway)
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To: Dick Bachert

Thanks.


151 posted on 06/19/2007 9:19:42 AM PDT by khnyny
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To: chesty_puller
I served in VietNam as a combat Marine and delivered one baby. Does that make me a decent man? No, it means I did some cool things 40 years ago.

Thanks for your service.

Now did you fight tooth and nail for the Constitution as a public official as Paul has?

152 posted on 06/19/2007 9:35:05 AM PDT by Extremely Extreme Extremist
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To: RockinRight
"The anti-Fed, pro-Gold Standard attitude would leave us with a zero-sum economy, where one would only get rich by impoverizing someone else."

I hope you really don't believe that. Or do you? That is what the liberal dummycrats always say; that our economy is a "zero sum game".

The creation of wealth is far different and far superior, morally speaking, than "redistributing wealth".

Creating wealth usually benefits many people, along with whoever created it.

IMO your "Federal Reserve System" is not working toward creating wealth, but rather in redistributing wealth.

153 posted on 06/19/2007 12:35:48 PM PDT by Designer
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To: sauropod

Proof? I’ve read or heard no such thing.


154 posted on 06/19/2007 3:32:49 PM PDT by noblejones (Ben Stein for President, 2008.)
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To: khnyny

Here are 2 more of my favorite quotes from jefferson:

Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.

“Would it not be better to simplify the system of taxation rather than to spread it over such a variety of subjects and pass through so many new hands.”


155 posted on 06/19/2007 3:34:43 PM PDT by BlackJack (If a nation expects to be ignorant and free, it expects what never was and never will be.)
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To: Moonman62

murphE posted this link to a google video
on the history of bankers. If you get a chance
check it out:

http://tinyurl.com/2svdkc


156 posted on 06/19/2007 3:42:45 PM PDT by BlackJack (If a nation expects to be ignorant and free, it expects what never was and never will be.)
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To: editor-surveyor
You’re either not a very accomplished reader, or you are confused

That was a rude comment and truely is counter productive for creating one goal, keep Hillary our of office.

You have your feelings about Ron Paul, I have an issue with everyone running.

All members, (except Ron Paul for different reasons) voted to go to war and send our sons to fight a battle over there so the terrorist wouldn't be over here. Our sons left us and belived that our country would be dedicated to insure we were secure over here. We lost brave honorable men because of this belief.

It now appears that the brave men were wrong. Our congress could not even use their tongues to identify and try to correct this problem until now, 6 years later. There is no honor in this.

Hillary will further destroy this country. Those in higher office know that the only thing people are going to do, is continue the rudeness and hatefullness. They really don't have a concern until we pull ourselves out of their program and create a differnet game.

If I'm wrong on this issue being an incompete reader or better yet confused, instead of being rude it might be better accepted that you just invited all Ron Paul voters to stay home and not cast a vote. Please evaluate your expected outcome and detemine if you keyboard is delivering a response that will accomplish that task.

157 posted on 06/19/2007 3:57:27 PM PDT by GoreNoMore
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To: GoreNoMore

My keyboard is tired of your confused sillyness.


158 posted on 06/19/2007 4:42:44 PM PDT by editor-surveyor (Turning the general election into a second Democrat primary is not a winning strategy.)
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To: sauropod
Except for his idiotic position on the GWOT and the “Declaration of War” business.

His position on the war might be too sophisticated for you. Just as the simple line in the constitution confuses you: The Congress shall have power to declare war. The founding fathers made it abundantly clear in their writings that they didn't want the president to have war powers. You would know that if you looked into it.

159 posted on 06/19/2007 6:20:43 PM PDT by Nephi (Open borders is the flip side of the free trade coin. It's time for Protectionism.)
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To: editor-surveyor

truce, truce

I don’t want to fight and I am sorry for my condesending tone. It was rude and I became the thing I would like to see us (all republicans) stop.

We are in trouble and our frustration is showing. Let’s stand together, each member running for this office has reasons for why they made the decisions they made. I’d like to hear honesty on why they chose the path they choose.

I just don’t want to hear emotional rubbish (I myself am guilty). We have to beat Hillary, or out country is finished. We can dribble our emotions out and everyone has emotions on why we are in our current position.

Some do or don’t like the war, some do or don’t have questions on 911, some do or don’t like globalism. We are not going to get everyone to agree but we can at least come together understanding that bad emotions are getting us where we are.

Again I am sorry for my comments and hope that you will accept my apology. Although we may not see eye to eye, PLEASE work with me and together we can beat Hillary in office.


160 posted on 06/19/2007 6:27:09 PM PDT by GoreNoMore
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