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Why we should end the fed

Jeff — Tue, 02 Mar 2010 15:26:12 +0000

The answer is simple: we don’t need the fed – we never have. America was far more prosperous without having a privately owned bank issuing our currency (congress has the power to coin money constitutionally – why not restore that power?). We The People are now paying interest on the debt owed to bond holders and private fed member banks – interest that already amounts to half a trillion dollars PER YEAR OR MORE. The fed is robbing us blind, and it seems as if republicans and democrats alike are intent on maintaining the status quo.

Efforts are made by the bankster controlled media to hide the issue of massive debts being purchased by the federal reserve. Mainstream media constantly talks about the debt owed to China – which is important and needs to be addressed – however, foreign investors (foreign central banks, etc) only own roughly 20% of US debt – while the federal reserve owns the other 80%. Shouldn’t the media be talking about that?

The federal reserve, through its inflationary monetary policy, imposes a hidden tax on the people by diluting, or devaluing, the money. Since only the middle class is governed by capitalism and the rich and poor are governed by socialism (the poor receive entitlements and the super rich have access to the fed’s easy credit before the inflationary effects), the middle class is in danger of being destroyed by the fed’s policies.

How did we get from having a currency backed by gold and silver, as mandated by the constitution, to having a fiat, paper currency issued by a private bank which won’t even allow the American people to know its monetary policy? The answer is that we let a group of private banks trick us into thinking that we needed them to stabilize our currency. The truth is, the exact opposite has happened, and the fed has devalued our currency to 5% of its original purchasing power. Sound money, which can only be money that is backed by a hard asset such as gold and silver, is the basis for a true free market economy and no fiat currency will ever bring stability to any economic system, ever.

End the fed, restore prosperity.

http://mises.org/story/3687

audit the fed bill

Ron Paul’s end the fed book

HR 1207 – Audit the Fed – now has 290 cosponsors

Jeff — Thu, 17 Sep 2009 21:08:43 +0000

HR 1207 now having 290 cosponsors is a significant number because now two thirds of the house of representatives is cosponsoring the bill, which means that now the bill is eligible for consideration under suspension of house rules. What that means is that the bill can be expedited through the house, by means of being considered “under suspension”, allowing a two-thirds vote for final passage and limiting floor debate and prohibiting floor amendments. By prohibiting floor amendments, the house votes on the bill as amended, which is what Ron Paul and his cosponsors want for this bill – HR 1207 needs to stay exactly as it is – short and to the point – without being watered down and made ineffective by the global elite controlled politicians that wish to keep the Federal Reserve exactly where it is today – with a stranglehold on the American people.

This is great news – and if your congressman/woman hasn’t cosponsored HR 1207, ask them to cosponsor it today! Also ask your senators if they will cosponsor S 604!

For reference, the house bill HR 1207 is called the “Federal Reserve Transparency Act of 2009″ and S 604 is called “Federal Reserve Sunshine Act of 2009″.

FREEDOM!!!!

HR 1207 hearing official! Audit the Fed

Jeff — Thu, 10 Sep 2009 10:24:57 +0000

Hearings on HR 1207, Ron Paul’s Federal Reserve transparency bill, will be conducted on Friday, September 25th at 9 AM. This is confirmed by Ron Paul, who has confirmed with Barney Frank, the House financial services committee chairman.

Hopefully, HR 1207 will receive a standalone up or down vote on its own merits and will not be tacked onto another bill and watered down. Please contact your representatives and request that they first cosponsor the bill, and if they already have, ask that they support a standalone vote on HR 1207.

Why the not-so-federal reserve has been able to conduct its operations in near total secret to this date is completely beyond me. The American people are ready to find out where all the money has gone. Once they know, they will hopefully realize that the Federal Reserve has never been, and certainly is not now, necessary for the US economy to thrive. Congress should take back the power of money creation from the greedy, power hungry, unconstitutional financial overlord known as the federal reserve. Only then will we have a stable economy and a government that is truly limited in its spending abilities.

Be sure to watch the hearings on Friday, September 25th at 9:00 AM! This is history in the making!

Alan Grayson grills Ben Bernanke on Foreign Lending

Jeff — Wed, 22 Jul 2009 08:55:35 +0000

Following Ron Paul and Bill Posey grilling Ben Bernanke, Alan Grayson grills Ben Bernanke on lending to foreign central banks. He mentions that before 2007, there had been absolutely no lending to foreign central banks and brings up a great point – whether there is actually a provision in the federal reserve act (which was enacted illegally anyway) that allows this type of lending? He also says, correctly, that the constitution states that “no money shall be drawn from the Treasury but in Consequence of Appropriations made by Law”. Bernanke seems to think that provision doesn’t apply to the Federal Reserve, even though the loans to the foreign central banks are in the form of treasury bills.

Bill Posey questions Ben Bernanke on federal reserve transparency

Jeff — Wed, 22 Jul 2009 08:10:01 +0000

During a hearing of the House Financial Services Committee, following Ron Paul, Bill Posey questions Ben Bernanke on inflation and Federal Reserve transparency. My favorite part of this video is when Ben Bernanke says, “because, we have to be extraordinarily careful that the markets and the public don’t think that congress is trying to influence monetary policy decisions”. Bernanke is showing just how scared he is that the fed is soon going to be opened up to a FULL GAO audit as per the language in HR 1207. Why Bernanke feels that the PEOPLE should not be able to influence monetary policy, through their elected representatives, is far beyond me.

Watch and enjoy.

Also watch Ron Paul’s questioning of Ben Bernanke on the same day.

HR 1207 update: federal reserve transparency act of 2009 now has 165 cosponsors!

Jeff — Fri, 15 May 2009 20:01:53 +0000

I pretty much stated the bulk of the update in the title, but anyway, momentum on HR 1207 is moving rapidly. Please don’t forget to sign your petition urging Nanci Pelosi to schedule debate and a roll call vote on Ron Paul’s audit the fed bill.

Remember it is imperative that we pass this bill so that we can take initial steps to reducing the size of government!

Petition to tell Nancy Pelosi to schedule debate and a roll call vote on HR 1207, the federal reserve transparency act of 2009

Jeff — Wed, 13 May 2009 18:03:42 +0000

Please go and sign the petition! I can’t stress enough how important it is that this bill, HR 1207, passes. Whether you are liberal or conservative, it doesn’t matter in this issue. We the people need to know what is happening with the money that is being issued because ultimately it hurts us when the federal reserve cranks up the printing presses and devalues our dollar. We the people need to know which foreign governments are receiving aid from us without we the people even knowing. No other bank in the country is immune from being audited, so why is the federal reserve? It is time to unveil this private bank and destroy their shroud of secrecy. Go and sign the petition now!

Mike Conaway (Texas Cong. Dist. 11) cosponsor of HR 1207 (Federal Reserve Transparency Act of 2009)

Jeff — Wed, 13 May 2009 03:34:17 +0000

Since I live in Texas Congressional district 11, I called Mike Conaway, my representative, to ask if he would cosponsor HR 1207, the Federal Reserve transparency act of 2009. Although Congressman Conaway at first sounded reluctant to cosponsor the bill, I convinced him that it was important that the American people have some insight into the internal affairs of the Federal Reserve since they are, after all, dealing with OUR money and printing it by the billions with absolutely no oversight. Congressman Conaway agreed to cosponsor the bill (authored by Congressman Ron Paul) and is now listed as a cosponsor on govtrack.us. The bill currently has 149 cosponsors (as of May 12, 2009) and is gaining significant momentum. All members of the r3volution and every conservative who believes in fiscal responsibility, small government, and strict oversight of the government wants this bill to successfully get out of committee and be put to a vote in the House of Representatives. Then, the HR 1207 Senate companion bill, S604, must also be passed. Contact your Congressmen and Senators today and urge them to vote ‘yes’ on HR 1207 and S604!

Great links for the liberty minded

Jeff — Thu, 23 Apr 2009 05:37:10 +0000

If you’d like to learn about Austrian economics, visit mises.org.

Learn about economics, the Federal Reserve, the Constitution, current news, and civil liberties at freedomwatchonfox.com with Judge Napolitano.

Learn about the Federal Reserve, Iraq, the Constitution, civil liberties, and taxes at campaignforliberty.com – the continuation of Ron Paul’s presidential campaign and freedom movement.

Learn about the Federal Reserve, economics, Iraq, gold, and silver at lewrockwell.com.

Also please check out Chuck Baldwin’s newsletter at chuckbaldwinlive.com! Baldwin will talk about topics ranging from Iraq, gold and silver, the new world order, world government, globalism, Christianity, and much much more.

I will add more great links in the future, so check back!

Peter Schiff for Senate 2010 – money bomb today!

Jeff — Sat, 21 Feb 2009 16:05:19 +0000

I would love to see Peter Schiff, renowned Austrian economist and economic adviser to Ron Paul during his 2008 run for President, run for and win a Senate seat. He is running from Connecticut, but Ron Paul supporters (as well as Chuck Baldwin, Bob Barr, and even Ralph Nader, Cynthia McKinney, Dennis Kucinich, Mike Gravel, etc), regardless of where they are from, should support Schiff in his Senate run. I donated; go and do the same!

Peter Schiff for Senate 2010