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View Poll Results: What to do with the Federal Reserve?
Shut Down the Federal Reserve 17 56.67%
Nationalize the Federal Reserve 2 6.67%
We need a full Audit before making a decision 10 33.33%
Keep it secret and semi-private 1 3.33%
Voters: 30. You may not vote on this poll

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Old 06-19-2010, 06:11 AM
 
6 posts, read 4,139 times
Reputation: 10

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Are the fraud allegations from the article urging to Shut Down the Federal Reserve accurate? Why is there so little education about the Federal Reserve in the media, schools and universities?
Why is the Government Accountability Office not allowed a full audit of the Federal Reserve? The position that something is very wrong with the Federal Reserve is even supported by some courageous Congressmen from both parties. If their accusations are unfounded, then why aren't the democratically elected Congressmen allowed to audit the Federal Reserve's alleged private ownership and selfish activities? The US Constitution in Article I, Section 8, Paragraph 5, states that Congress has the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;".
Why is the Federal Reserve so secretive?


Shut Down the Federal Reserve
"The band aids will not help the economic crisis. There is a systemic problem. The Federal Reserve and all the central banks in the world that are designed on its model are defrauding the people of the world.

There is no rational reason why the U.S. Congress cannot print its own currency. The Congress was intimidated, bribed and blackmailed into creating and maintaining the Federal Reserve Bank. The Federal Reserve was awarded a contract to manage the currency in America. The cost of that contract to the U.S. has been $10 trillion in national debt.

To try to cover for the Federal Reserve's greedy fraud, many countries are being forced to pay into the Federal Reserve coffers to keep the world economy afloat. One of the ways they are being forced to pay is through devaluation of their currencies with respect to the U.S. dollar, which is a way of building up America at the expense of others in the world.

All of the band-aid measures will fail. The problem is the Federal Reserve, which concept is founded upon debt-based currency and fraud. It must be closed down or it will continue to suck the resources of the U.S. with its currency management contract. The American government could do the Federal Reserve's job for virtually nothing, and save the U.S. taxpayers between $200 and $900 billion each year in interest off a debt that will never be paid off."



Louis Thomas McFadden - Wikipedia, the free encyclopedia
"McFadden is also remembered for his criticism of the Federal Reserve, which he claimed was created and operated by European banking interests who conspired to economically control the United States. On June 10, 1932, McFadden made a 25-minute speech before the House of Representatives[2] , in which he accused the Federal Reserve of deliberately causing the Great Depression."

Huey Long - Wikipedia, the free encyclopedia
"Long was a staunch opponent of the Federal Reserve Bank. Together with a group of Congressmen and Senators, Long believed the Federal Reserve's policies to be the true cause of the Great Depression. Long made speeches denouncing the large banking houses of Morgan and Rockefeller centered in New York which owned stock in the Federal Reserve System. He believed that they controlled the monetary system to their own benefit, instead of the general public's benefit."

Rand Paul - Wikipedia, the free encyclopedia
"Paul opposes the Federal Reserve Act of 1913 and the Federal Reserve's control of the nations money supply and interest rates. He wants to allow the free market to regulate interest rates, and supports congresses constitutional role of controlling the money supply. Paul endorses H.R. 1207, the Federal Reserve Transparency Act, a bill introduced by Congressman Ron Paul mandating an audit of the Federal Reserve. Although Paul would abolish the Federal Reserve, he supports transparency and accountability of the semi-private institution. Additionally, Paul opposes inflation and supports "restoring the value of the dollar that has devalued by approximately 95% since the Federal Reserve's inception in 1913"."

Alan Grayson - Wikipedia, the free encyclopedia
"Grayson is a co-sponsor of the Federal Reserve Transparency Act of 2009, which would provide addition provisions to audit the Federal Reserve, including removing several key exemptions."
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Old 06-19-2010, 07:33 AM
 
Location: Fredericktown,Ohio
7,168 posts, read 5,367,910 times
Reputation: 2922
Though I support the abolishment of the FR I know that will never happen.Both parties love the FR because the FR will hand over money to uphold their social programs and to fight their wars.Much easier to borrow money then go to the tax payers to fund their endeavors.
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Old 06-19-2010, 09:04 AM
 
Location: Florida
76,971 posts, read 47,651,295 times
Reputation: 14806
I agree with Reid in that it won't happen.

My vote = Abolish, no audit needed.
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Old 06-19-2010, 09:11 AM
 
Location: Florida
76,971 posts, read 47,651,295 times
Reputation: 14806
Quote:
Originally Posted by Tusa View Post
There is no rational reason why the U.S. Congress cannot print its own currency. The Congress was intimidated, bribed and blackmailed into creating and maintaining the Federal Reserve Bank. The Federal Reserve was awarded a contract to manage the currency in America. The cost of that contract to the U.S. has been $10 trillion in national debt.
They were not intimidated, they were tricked and lied to. The same bill had already been rejected twice, but the authors of the bill tried one more time under a different name. They took out the hated and feared name "Central Bank" off the title and changed it to "Federal Reserve". The wording in the bill was same, but the congress appaently didn't read it and approved it. They must have liked the sound of 'Federal Reserve". It was sold as a measure to limit the influence of the 'money trust', which was the nick name for the international banking cartel, but no one realized that the bill was written by the owners of the 'money trust' and did nothing but give them virtually unlimited power.
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Old 06-19-2010, 09:22 AM
 
1,890 posts, read 2,654,776 times
Reputation: 920
Shut it down.

This fracas was created by Woodrow!
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Old 06-19-2010, 09:27 AM
 
Location: Orlando
8,276 posts, read 12,863,269 times
Reputation: 4142
You can't just shut it down but it can become a Federal function vs owned by mostly foreign banks.

Shut the system down and guess what your checks cease to work. your banking system fails.

The point is that the owners of the Fed charge the US to do our business. we pay interest on our money... and it amounts to many Billions... Want to cut the deficit, start here.
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Old 06-19-2010, 04:31 PM
 
Location: Missouri
4,272 posts, read 3,789,104 times
Reputation: 1937
Keep it. It's better than nothing at all (Google "wildcat banking" to see the craziness of federally unregulated banking).

Congress appropriates spending and the ten trillion dollar public debt is the monkey on its back, not the Federal Reserve's.
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Old 06-19-2010, 05:51 PM
 
Location: The Bronx
210 posts, read 173,161 times
Reputation: 87
all for it, but dont think it'll happen. all the criminals and sleazey bankers who run everything behind the curtain would be exposed.

the marxist democrats need it to enslave ppl with welfare and the republicans for the their never ending wars. welcome to the united states of corruption.
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Old 06-19-2010, 08:35 PM
 
2,023 posts, read 5,314,137 times
Reputation: 2004
They need to be shut down no question about it. I can think of a better punishment for these central bankers than losing their jobs though given how much power they have and how much human suffering they have caused.
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Old 07-04-2010, 09:40 AM
 
6 posts, read 4,139 times
Reputation: 10
Quote:
Originally Posted by AONE View Post
You can't just shut it down but it can become a Federal function vs owned by mostly foreign banks.

Shut the system down and guess what your checks cease to work. your banking system fails.

The point is that the owners of the Fed charge the US to do our business. we pay interest on our money... and it amounts to many Billions... Want to cut the deficit, start here.

btw Ron Paul has something interesting, not an outright abolishing of the FED, but a competition in currency:

Ron Paul: Statement Introducing Free Competition In Currency Act | Ron Paul 2012 | Campaign for Liberty at the Daily Paul (http://www.dailypaul.com/node/118556 - broken link)
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