Many investors and concerned citizens around the world are showing their outrage at what the Federal Reserve has done to the American economy with their easy money policies which caused the credit & real estate bubble and subsequent global financial meltdown.

Join the thousands who are signing & commenting on the Abolish the Federal Reserve Petition at http://www.petitiononline.com/fed/petition.html

The Constitution states that Congress is to have the power to coin money.

No where in the Constitution does it allow for them to give that power away or give power to establish a non-governmental privately for-profit central bank.

http://video.google.ca/videoplay?docid=-515319560256183936&hl=en

Viable and stable 2-year economic solution proposed through a monetary reform act:

1. Pay off the debt with debt-free US Notes. Issue notes like bonds which rest on the credit of the US Government.

2. Abolish Fractional Reserve Banking, as the debt is paid off, the reserve requirements of all banks and financial institutions would be raised proportionally at the same time.
Prevent the multiplication of each dollar through banking loans.

3. Repeal of the Federal Reserve Act of 1913 and National Banking act of 1864.
Return control of the monetary system to the US governemt.

4. Withdraw the U.S. from the IMF, the BIS and the World Bank.
Avoid participating in a bigger centralized bank.

2. The Money created by the Federal Reserve Bank Is unconstitutional. (See the Google videos titled “Debt as Money” and Money Managers”for more information)

3. The Government should replace the FED as the supplier of both money and credit.

4. The actions of the FED have been fraudulent, therefore its Profits and holding should be forfeited as illegal gain.

5. All Government debt owed to the FED is void.

6. Debt to foreign bank associated with the FED and created through fractional lending practices are null and void.

7. Debt owed to foreign nations , businesses and individuals should be paid with Constitutional money.

8. Federal Reserve Noted held by individuals and business not owned by the FED should be replace with Constitutional money.

9. Interest on current outstanding bank loans to individuals and businesses should be paid to the US government treasury.

10. Banks should be paid bookkeeping fees for the service they render but not interest on the loans they hold.

11. Taxes and interest rates should be used to regulate the money and credit supply in the economy, and to control inflation.

12. To determine the interest and tax rate the department of, the treasury would create a division of the Currency to set those rates.

1963
Kennedy issued Executive order #11.110 it called for the issuance of a new currency (United States Note) & (reducing the FEDs power to loan money to the U.S. at interest)

1963
President Kennedy is assassinated by Lee H. Oswald

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.

“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.

Ben Franklin said in his autobiography 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 international bankers was [one of] the PRIME reason[s] for the Revolutionary War.

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.”

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.”

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.”

Napoleon, a sympathizer for the international 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.”

So how do we fix this? I have no idea. Sleep well.

How do we fix this? It’s probably impossible by now as those who actually control the FED whos names are all secret, will not stand for this paper tower to be torn down. Any one wishing to do so or even attempting to do so would have to have a moral backbone without price. I’m not sure you can find that in our governement even though Ron Paul may be as close as possible. The FED has the power to create money out of thin air and therefore could easily drop millions in anyones pocket unnoticed.

Greenspan and other chairs are just PR men, obviously they have to be very knowledagable in order to talk the talk but they are not in control by any means.

I suggest those who think it is a sound instituion with a loyalty to the US, look at who the central bank for the central bank is and you will see that position is held by a bank in Switzerland and they are also the central bank for Japan, all European countries and many others. So, our monetary policy could very well be said to controlled by this swiss bank and you won’t find mch on it’s operation either or it’s members but lists are out there.

Below are some good links to check out and note, I don’t believe everything I read but in much of what I said, it is verifyable.. The “Federal Reserve” is not a US government entity.
http://www.populistamerica.com/how_the_federal_reserve_runs_the_us
http://www.williamgreider.com/books/secrets/
http://www.2012.com.au/Federal_Reserve.html
http://www.dewoody.net/money/whofed.html

Our choices for managing fiscal policy boil down to the banks, the government, or the Federal Reserve. The last, run by economists, may not be great, but at least economists are more likely to make disinterested judgments than businessmen or politicians.

Please spread the words of wisdom.

Regards,

Tom O’Brien

Sure, they help to control the flow of money, but this all has to do with -inflationary- precautions. The Federal Reserve has done some extremely wonderful things (Had an econ teacher who would’ve married Alan Greenspan had she the chance. And for good reason, he was a great Reserve Chairman). The Reserve serves as one of the -central- regulatory bodies for the banking system of the US. Abolish it and I’m sure we’d have a lot worse problems than subprime lending.

There are also the facts that the Reserve MAKES money for the government besides income taxes. How horrid is that? The Reserve is SELF-SUSTAINING, plus it helps pay our budgets. Our deficit crisis would likely be worse without the Federal Reserve regulating the amount of Dollars available out on the market.

I’d say the real problem has to do with our government’s tendency to push off all our debt into T-Bills. We’re now selling T-Bills JUST to cover the interest on expiring foreign-held T-Bills (Almost all our debt is ‘owned’ by China, Japan and a few other foreign countries. What happens if they all try to cash-out at once?). We’re going to be quite up a creek if we don’t stop trying to finance our deficits in this way and focus on positive budgets that pay down our National Debt.

I’m happy that the Federal Reserve is controlled by bankers outside of the people in office for our ‘Republic’ of a government. You should be too.