What You Can Do to End the Tyranny of the Federal Reserve
NaturalNews
Tuesday, October 14, 2008
(NaturalNews) The bailout opposed by so many Americans was nevertheless
negotiated by the Federal Reserve with the help of Congress and the
Administration. The final bill for the hotly debated rescue of the rich is
over 1 trillion dollars including the ear marks and special interests sops
that were included. But this is small change compared to the money that is
being pumped into the monetary system by the Federal Reserve without any
debate or consent. New money is being printed at record rates, insuring that
the currency you have in your pocket will buy less and less everyday. As
more people wake up to the threat to American’s future posed by the Federal
Reserve, interest is being renewed in the Federal Reserve Board Abolition
Act (HR2755).
This legislation introduced by Congressman Ron Paul in June, 2007 would kill
the Federal Reserve Act and would then phase out the Federal Reserve
altogether one year after the bill becomes law. Although legislators have
yet to bring Paul’s bill to the floor, mounting interest in the bill in the
face of recent Fed actions suggests it will be revived from its current
state of languish in the House Committee on Financial Services.
Although people are just beginning to hear about this proposed legislation
in the main stream media, the internet and alternative press reveal the
depth of public support for this initiative. Even Constitution Party
presidential candidate Chuck Baldwin has placed abolishing the Fed as one of
the top planks in his platform that calls for a return to fiscal
responsibility for the U.S.
(ARTICLE CONTINUES BELOW)
What the Federal Reserve is all about
The Federal Reserve is called that to fool you. It is actually a private
corporation run by bankers dedicated to controlling the nation’s money
supply for the benefit of themselves and other wealthy and powerful people.
Its mandate is to control the rest of the people by controlling their access
to money and credit.
Since the creation of the Federal Reserve in 1913, the American middle and
working classes have been victimized by boom and bust monetary policy. Most
Americans have suffered steady erosion of purchasing power at the hands of
the Fed’s inflationary policies. The result of these policies represents an
insidious and onerous tax imposed on the people on top of their already
burdensome overt taxation.
The heavy hand of the Fed can be seen by any student of the Great
Depression, the torturous stagflation of the 1970’s, the dotcom bubble, the
housing bubble, and today’s financial panic and collapse. Its hand print is
on every economic downturn that has robbed American’s of their money for the
past 80 years, as the Fed has followed a policy of flooding the economy with
their easy money and credit. When everyone is in debt up to their eyeballs,
the bubble bursts and is followed by a painful recession or depression. To
save us from the total devastation they have created, the Fed then rides to
our rescue with its printing press causing excessive inflation and the
erosion of the purchasing power of the dollar. These policies have made
slaves of us all with the exception of the power elite.
A dollar created during the birth of the Fed in 1913 is now worth about a
penny thanks to the policies of the Fed. The repeal of its mandate would
signal the return of a stable currency. It would provide Americans with
incentive to save as they would no longer have to fear inflation eroding
their savings. These saving could then be used to return America to the
status of producer and exporter to the world.
What Ron Paul tried to explain in the presidential debates
Between interruption, ridicule and unscheduled station breaks, Ron Paul
tried to tell us how the Fed policy benefits a few at the expense of many.
The beneficiaries are those in position to take advantage of the cycles in
monetary policy, with the main beneficiaries being those who receive access
to artificially inflated money and/or credit before the inflationary effects
of the policy impact the entire economy. They are the people who get to use
the newly printed money first.
Think of it like this. Suppose you are the first person in your town to be
allowed to print money in your basement. You print up a million or two and
go out to spend it. You can buy almost anything you want, because now you
are richer than almost everyone else. Then permission to print money is
granted to 25% of all the people in your town. They all print up a bucket
full of money and go out to spend it. Obviously, there are only so many
palaces and luxury cars available, so with that many people wanting to buy
them the prices move up swiftly. And finally everybody in your town is
allowed to print money in their basements. At this point the money has
become virtually worthless because it has lost all meaning. This is the
point at which an economy collapses.
The people’s appetite for big government has tacitly condoned Fed policy. It
has allowed the politicians from both parties to use inflation to cover up
the true costs of their welfare-warfare spending of American’s future.
The Congress has no authority under the Constitution to delegate control of
the nation’s monetary policy to the Federal Reserve. The Constitution does
not empower the government to erode the American standard of living through
inflationary monetary policy. Constitutional mandate regarding monetary
policy whould permit only currency backed by stable commodities such as gold
and silver to be used as legal tender. Abolishing the Federal Reserve and
returning to a constitutional system would enable America to return to a
monetary system where the value of money is consistent because it is tied to
a real store of value. This is the type of monetary system that is the basis
of a true free-market economy.
Your money and gold
The dollar is nothing more that what it looks like – a piece of paper with
some fancy design and some numbers on it. It has no intrinsic worth like a
loaf of bread, a tank or gas, a person to fix the plumbing, or a gold coin.
The name for it is fiat currency, meaning it is a currency that is backed
only by thin air.
Throughout most of history, gold has served as the basic money of all people
wherever it has been available. It has been chosen by the markets of the
world as the most valuable commodity on earth. Why is this no longer the
case? Governments have destroyed the gold standard because they regarded it
as too inflexible. This inflexibility is the friend of free markets, making
governments keep their financial houses in order. Banks are more careful
about lending when they can’t rely on a lender of last resort like the Fed,
with access to a printing press. Inflexibility means prices are more stable.
The problems of inflation and business cycles disappear completely. Gold and
economic freedom are inseparable. Deficit spending is a scheme for the
confiscation of wealth and the enslavement of the people.
When money is as good as gold, the government cannot manipulate the money
supply for its own ends. The gold standard puts severe limits on the
government’s ability to spend, borrow, and create hair-brained programs. The
government is forced to raise revenue through taxation, rather than
inflation, a task not so easily achieved. Without a gold standard, the
government is free to conspire with the Fed to print money without limit.
Under the gold standard, the supply of money regulates itself. What the
government and the Fed are doing now is creating the spread of mass misery
for most people in the U.S., people they were mandated to serve.
Can the gold standard be reinstituted? Certainly it can. The dollar can be
redefined in terms of gold. Interest rates can reflect the real laws of
supply and demand. The doors of the Fed can be permanently shuttered and no
one would miss it except for the few who benefited from its policies. What
would motivate us to do this? We would have to be willing to renounce our
enslavement. We would have to fall in love with freedom again.
What we can do
The outcry for the abolition of the Federal Reserve is growing louder.
Commodities investor par excellance Jim Rogers is calling for the Fed to be
abolished to save the world from massive inflation. TV host Glenn Beck is
criticizing the Fed for its role in the current financial debacle. According
to Beck, “When everyone was meeting with our Secretary of Treasury Henry
Paulson, I thought to myself: ‘Who the heck is representing the American
people?’”
Wall Street Journal financial editor Steven Moore is asking, “Who elected
Ben Bernanke? Who Elected Alan Greenspan?”
The time is right. People have had enough. Now is the time for Americans to
come out of their debt induced comas and start calling their congressmen and
women, asking them to support Paul’s bill to abolish the Federal Reserve.
The Federal Reserve is as deadly to the future of Americans as the FDA and
the pharmaceutical industry. There can be no end to these manufactured
financial crises until the Fed’s rule is replaced by an honest, debt-free
money policy.
See Mike Adam’s wonderful article about the threat posed to you by the
Federal Reserve. It contains a listing of the members of Congress if you
need to find out who your representatives are. Call them, email them and
write them that you are vehemently opposed to the continuation of the
Federal Reserve. Tell them you support the passage of House Resolution 2755.
NaturalNews
Tuesday, October 14, 2008
(NaturalNews) The bailout opposed by so many Americans was nevertheless
negotiated by the Federal Reserve with the help of Congress and the
Administration. The final bill for the hotly debated rescue of the rich is
over 1 trillion dollars including the ear marks and special interests sops
that were included. But this is small change compared to the money that is
being pumped into the monetary system by the Federal Reserve without any
debate or consent. New money is being printed at record rates, insuring that
the currency you have in your pocket will buy less and less everyday. As
more people wake up to the threat to American’s future posed by the Federal
Reserve, interest is being renewed in the Federal Reserve Board Abolition
Act (HR2755).
This legislation introduced by Congressman Ron Paul in June, 2007 would kill
the Federal Reserve Act and would then phase out the Federal Reserve
altogether one year after the bill becomes law. Although legislators have
yet to bring Paul’s bill to the floor, mounting interest in the bill in the
face of recent Fed actions suggests it will be revived from its current
state of languish in the House Committee on Financial Services.
Although people are just beginning to hear about this proposed legislation
in the main stream media, the internet and alternative press reveal the
depth of public support for this initiative. Even Constitution Party
presidential candidate Chuck Baldwin has placed abolishing the Fed as one of
the top planks in his platform that calls for a return to fiscal
responsibility for the U.S.
(ARTICLE CONTINUES BELOW)
What the Federal Reserve is all about
The Federal Reserve is called that to fool you. It is actually a private
corporation run by bankers dedicated to controlling the nation’s money
supply for the benefit of themselves and other wealthy and powerful people.
Its mandate is to control the rest of the people by controlling their access
to money and credit.
Since the creation of the Federal Reserve in 1913, the American middle and
working classes have been victimized by boom and bust monetary policy. Most
Americans have suffered steady erosion of purchasing power at the hands of
the Fed’s inflationary policies. The result of these policies represents an
insidious and onerous tax imposed on the people on top of their already
burdensome overt taxation.
The heavy hand of the Fed can be seen by any student of the Great
Depression, the torturous stagflation of the 1970’s, the dotcom bubble, the
housing bubble, and today’s financial panic and collapse. Its hand print is
on every economic downturn that has robbed American’s of their money for the
past 80 years, as the Fed has followed a policy of flooding the economy with
their easy money and credit. When everyone is in debt up to their eyeballs,
the bubble bursts and is followed by a painful recession or depression. To
save us from the total devastation they have created, the Fed then rides to
our rescue with its printing press causing excessive inflation and the
erosion of the purchasing power of the dollar. These policies have made
slaves of us all with the exception of the power elite.
A dollar created during the birth of the Fed in 1913 is now worth about a
penny thanks to the policies of the Fed. The repeal of its mandate would
signal the return of a stable currency. It would provide Americans with
incentive to save as they would no longer have to fear inflation eroding
their savings. These saving could then be used to return America to the
status of producer and exporter to the world.
What Ron Paul tried to explain in the presidential debates
Between interruption, ridicule and unscheduled station breaks, Ron Paul
tried to tell us how the Fed policy benefits a few at the expense of many.
The beneficiaries are those in position to take advantage of the cycles in
monetary policy, with the main beneficiaries being those who receive access
to artificially inflated money and/or credit before the inflationary effects
of the policy impact the entire economy. They are the people who get to use
the newly printed money first.
Think of it like this. Suppose you are the first person in your town to be
allowed to print money in your basement. You print up a million or two and
go out to spend it. You can buy almost anything you want, because now you
are richer than almost everyone else. Then permission to print money is
granted to 25% of all the people in your town. They all print up a bucket
full of money and go out to spend it. Obviously, there are only so many
palaces and luxury cars available, so with that many people wanting to buy
them the prices move up swiftly. And finally everybody in your town is
allowed to print money in their basements. At this point the money has
become virtually worthless because it has lost all meaning. This is the
point at which an economy collapses.
The people’s appetite for big government has tacitly condoned Fed policy. It
has allowed the politicians from both parties to use inflation to cover up
the true costs of their welfare-warfare spending of American’s future.
The Congress has no authority under the Constitution to delegate control of
the nation’s monetary policy to the Federal Reserve. The Constitution does
not empower the government to erode the American standard of living through
inflationary monetary policy. Constitutional mandate regarding monetary
policy whould permit only currency backed by stable commodities such as gold
and silver to be used as legal tender. Abolishing the Federal Reserve and
returning to a constitutional system would enable America to return to a
monetary system where the value of money is consistent because it is tied to
a real store of value. This is the type of monetary system that is the basis
of a true free-market economy.
Your money and gold
The dollar is nothing more that what it looks like – a piece of paper with
some fancy design and some numbers on it. It has no intrinsic worth like a
loaf of bread, a tank or gas, a person to fix the plumbing, or a gold coin.
The name for it is fiat currency, meaning it is a currency that is backed
only by thin air.
Throughout most of history, gold has served as the basic money of all people
wherever it has been available. It has been chosen by the markets of the
world as the most valuable commodity on earth. Why is this no longer the
case? Governments have destroyed the gold standard because they regarded it
as too inflexible. This inflexibility is the friend of free markets, making
governments keep their financial houses in order. Banks are more careful
about lending when they can’t rely on a lender of last resort like the Fed,
with access to a printing press. Inflexibility means prices are more stable.
The problems of inflation and business cycles disappear completely. Gold and
economic freedom are inseparable. Deficit spending is a scheme for the
confiscation of wealth and the enslavement of the people.
When money is as good as gold, the government cannot manipulate the money
supply for its own ends. The gold standard puts severe limits on the
government’s ability to spend, borrow, and create hair-brained programs. The
government is forced to raise revenue through taxation, rather than
inflation, a task not so easily achieved. Without a gold standard, the
government is free to conspire with the Fed to print money without limit.
Under the gold standard, the supply of money regulates itself. What the
government and the Fed are doing now is creating the spread of mass misery
for most people in the U.S., people they were mandated to serve.
Can the gold standard be reinstituted? Certainly it can. The dollar can be
redefined in terms of gold. Interest rates can reflect the real laws of
supply and demand. The doors of the Fed can be permanently shuttered and no
one would miss it except for the few who benefited from its policies. What
would motivate us to do this? We would have to be willing to renounce our
enslavement. We would have to fall in love with freedom again.
What we can do
The outcry for the abolition of the Federal Reserve is growing louder.
Commodities investor par excellance Jim Rogers is calling for the Fed to be
abolished to save the world from massive inflation. TV host Glenn Beck is
criticizing the Fed for its role in the current financial debacle. According
to Beck, “When everyone was meeting with our Secretary of Treasury Henry
Paulson, I thought to myself: ‘Who the heck is representing the American
people?’”
Wall Street Journal financial editor Steven Moore is asking, “Who elected
Ben Bernanke? Who Elected Alan Greenspan?”
The time is right. People have had enough. Now is the time for Americans to
come out of their debt induced comas and start calling their congressmen and
women, asking them to support Paul’s bill to abolish the Federal Reserve.
The Federal Reserve is as deadly to the future of Americans as the FDA and
the pharmaceutical industry. There can be no end to these manufactured
financial crises until the Fed’s rule is replaced by an honest, debt-free
money policy.
See Mike Adam’s wonderful article about the threat posed to you by the
Federal Reserve. It contains a listing of the members of Congress if you
need to find out who your representatives are. Call them, email them and
write them that you are vehemently opposed to the continuation of the
Federal Reserve. Tell them you support the passage of House Resolution 2755.
