October 3, 2014

END THE FED


Who controls money?  Where is the value of money made and Lost?  The Federal Reserve is often the main actor on these matters.  The Fed ultimately determines who will be prosperous and who will not be prosperous.

The Federal Reserve, often thought to be a government entity, is tasked with maintaining and regulating the banking system and establishing controls on inflation.  Its most unique power, however, is its ability to print money from thin air.  It has no concern for the real value or its effects on existing money.

Former Congressman Dr. Ron Paul notes in his book "End the Fed":
"Given that money is on half of every commercial transaction and that whole civilizations literally rise and fall based on the quality of their money, we are talking about an awesome power, one that flies under cover of night.  It is the power to weave illusions that appear real as long as they last.  That is the very core of the Fed's power."

Without these powers, politicians would not have the power to maintain limitless spending and ever expanding government.  In the long run, ending these powers would return America to a more fiscally sustainable path and restore sense to the free market; resulting in a real and better standard of living for everyone.

Continuing to expose criminal operations within the Fed will require an exploration of their actions both recent and in the past.


Beginning in 1914, the Fed began an inflationary practice of expanding the supply of money.  This practice is what gave rise to the "boom and bust" cycle of economics many of us are familiar with.  Without this practice the US government would not have been able to pay for WWI.  It was the beginning of the preferred method for paying for future wars, resulting in the loss of life and liberty.

An alternate way of thinking about the monetary policy of the US Government since the creation of the Federal Reserve in 1913, is stealing the real value of every dollar in the hands of Americans by 95 cents.  With current monetary policy we are continuing to rob the value of existing money.

In order to restore Liberty and the controls that were meant to remain in place with the Constitution, it is essential to abolish the Federal Reserve System.  Many cases can be made for its abolition. Thomas Woods and Dr. Ron Paul provided me with much reason on this issue.

From Dr. Paul's "End the Fed":
"The federal Reserve should be abolished because it is immoral, unconstitutional, impractical, promotes bad economics, and undermines Liberty.  Its destructive nature makes it a tool of tyrannical government.  Nothing good can come from the Federal Reserve.  It is the biggest taxer of them all.  Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.  The Federal Reserve's monetary policy has brought us to where we are today--in a tragic economic mess."

"Looking at the money issue, it's easy to conclude that those who orchestrate and benefit from inflating the currency are no better than the counterfeiters themselves.  Yet the process has made it seem that the inflators are serving the public interest by merely managing the currency.

We allow the Federal Reserve to exert monopoly control over the money and credit and interest rates.  Law permits this highly secretive, private bank to create credit at will and distribute it as it sees fit.

The entire operation of the Fed is based on an immoral principle.  Congress contributes to the immorality by permitting the process to continue without any true oversight.  The immorality associated with money is as much about omission as commission.

Members of Congress, when they knowingly endorse this system of fraud because of the benefits they receive, commit an immoral act.

When government breaks the law and defies the Constitution, it sets the standard that makes it much easier for society to do the same.  ...If a situation like this is not rectified, it is destined to lead to violence."

"If the original intent of the Constitution had been followed, we wouldn't be where we are today.  The protection against centralized government failed because of too many loopholes in the Constitution--but more so because, over the years, we've had too many people in and out of government demanding that government should guarantee security rather than Liberty.

The Constitution is clear about no paper money.  Only gold and silver were to be legal tender.
Unfortunately but deliberately, a wall was built between the Federal Reserve and Congress.  Congress created the system and could end it.

...because in the last year of so during this bailout process, the Federal Reserve has garnered an unbelievable amount of power, making it much more influential around the world than the Congress or the president has ever been."

"Why bright people in an advanced society can conclude that wealth can be increased by merely expanding the money supply is bewildering.

By manipulating the supply of money and setting interest rates, the Fed has practiced backdoor economic planning.  The Fed essentially keeps interest rates lower than they otherwise would be.  In a free market, low rates would indicate adequate savings and signal the businessperson that it's an opportune time to invest in capital projects.  But the system the Fed operates discourages savings, and the credit created out of thin air serves as the signal for investors to spend, incest, and borrow excessively, compared to a system where interest rates are set by the market.

This is a deceitful, unfair, and corrupt system.  Not only does it transfer wealth from the middle class to the rich, it can postpone payments to the next generation just as borrowing does.  The bills incurred in the past two to three decades are now coming due.

The economic ramifications of the Fed's inflationary policies are endless.  Due to easy credit, housing prices soared above reasonable levels.  ...Now the Fed, Treasury, and Congress spend trillions of dollars trying to stimulate housing and get the price of houses higher once again.  This they do even though market forces are demanding fewer houses due to overbuilding.

To save ourselves from economic and political disaster, a dramatic change in the conventional wisdom of economic policy by our leaders is vital.  Fortunately, our numbers are growing and more people than ever, especially young people, are now aware of the menace that we face from the Federal Reserve and understand the importance of sound money."

There are even more reasons, explanations and knowledge for the abolition of the Fed contained in Dr. Paul's books.  I urge you to read them.

I hope that you take away from reading all of this that it is of absolute importance that you obtain knowledge in today's fast paced politically motivated world.  Without knowledge you can do nothing, solve nothing and become nothing.  Knowledge is the true power.

1 comment: