End The Federal Reserve Bank

The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International Bankers.”

– Congressman Louis T. McFadden

Under the federal reserve act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figure out a mathematical equation. Charles Lindberg. 1920

“I sincerely believe that banking establishments are more dangerous than standing armies…”

– Thomas Jefferson to John Taylor, 1816

“… You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, I will rout you out.”

– President Andrew Jackson, upon evicting a delegation of International Bankers from the Oval Office

“The real truth of the matter is, and you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.”

– President Franklin Delano Roosevelt, November 23, 1933 in a letter to Colonel Edward Mandell House

“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”

– Congressman Louis T. McFadden in 1932

“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

– Henry Ford inventor and founder of the Ford Motor Company

“Some people think the Federal Reserve Banks are U.S. government institutions. They are not … they are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.”

– Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

“Whoever controls the volume of money in any country is absolute master of all industry and commerce.”

– Paul Warburg, drafter of the Federal Reserve Act

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”

– President James Madison

“… You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, I will rout you out.” – President Andrew Jackson, upon evicting a delegation of International Bankers from the Oval Office

“If the American people ever allow private banks [like the federal reserve] to control issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – President Thomas Jefferson in the debate over his opposition to the Re-charter of the Private Bank Bill (1809)

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” – The Rothschild brothers of London writing to associates in New York, 1863, laying the groundwork for the eventual passage of their catastrophic Federal Reserve Act on December 23, 1913

“God help this nation if another central banking system comes to be.” – President Andrew Jackson, after abolishing the central banking system, 1836. It was reinstated in 1913 and persists to this day.

“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford inventor and founder of the Ford Motor Company

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Today and yesterday Dennis Kucinich and Ron Paul have made significant efforts to put the US Federal Reserve Central Bank under gov’t regulation. This is absolutely HUGE, though few will understand why. To use an analogy, suppose there’s a gang of mafia thugs controlling a society and robbing everyone blind, directly or indirectly. Well, this move to bring the federal reserve under the authority of the gov’t is akin to taking away the mafia’s weapons. It’s the chief mechanism by which they are afforded their power and the means by which they screw us hardcore.

Most people do not understand the significance of this legislation or how much of a beneficial impact this will have on our lives and the world if Ron and Dennis succeed in their objectives. I think they should both be placed in protective custody because this legislation will serve undermine the very heart of the criminal element which controls the US gov’t. Understanding the fraud and financial enslavement imposed by the central banks is very difficult. It personally took me a very long time to get it, because it’s such an ingenious scam. It’s also a very old scam that has been haunting humanity for centuries.

End the Fed

Ron Paul
Thursday, Feb 5, 2009

Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, H.R. 833.

Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.

With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America’s exports or the low rate of savings should be enthusiastic supporters of this legislation.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve.


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