http://whiskeyandgunpowder.com/how-to-end-the-fed/

by Gary North

excerpt

Things are not always as complicated as they seem. With respect to the Federal Reserve System, it is a deliberate mystery. It was deliberately designed in 1910 to deceive the public, who were opposed the idea of a central bank. The conspirators who met on Jekyll Island in November 1910 knew this. They did good work from their point of view. They concealed the beast.

The general public today knows little about the FED. Prior to Ron Paul's Presidential run in 2007-8, far fewer people understood it.

I have been asked: "How could we get rid of the Federal Reserve? What will replace it?" The answer: either the free market or Congress.

People who think of themselves as free market people often are not. The tax-funded public schools and the state-regulated and accredited university faculties have taught that the modern system of intrusive civil government is necessary for an orderly society. People cannot imagine a market-based society.

There is an old saying, "You can't beat something with nothing." But the free market social order is not nothing. It is expanding around the world, which is why the world is getting richer.

At the Federal level, a free market social order in banking existed prior to 1914. That was back when the dollar was worth over 20 times what it is worth today. (On this point, see the inflation calculator of the Bureau of Labor Statistics.)

We can go back to that system. We will go back to it. The question is: When? The other question is: At what price?

The Real War on the Middle Class
Written by Ron Paul
Sunday April 26, 2015

http://ronpaulinstitute.org/archives/featured-articles/2015/april/26/the-real-war-on-the-middle-class/

One of the great ironies of American politics is that most politicians who talk about helping the middle class support policies that, by expanding the welfare-warfare state, are harmful to middle-class Americans. Eliminating the welfare-warfare state would benefit middle-class Americans by freeing them from exorbitant federal taxes, including the Federal Reserve's inflation tax.

Politicians serious about helping middle-class Americans should allow individuals to opt out of Social Security and Medicare by not having to pay payroll taxes if they agree to never accept federal retirement or health care benefits. Individuals are quite capable of meeting their own unique retirement and health care needs if the government stops forcing them into one-size-fits-all plans.

Middle-class families with college-age children would benefit if government got out of the student loan business. Government involvement in higher education is the main reason tuition is skyrocketing and so many Americans are graduating with huge student loan debts. College graduates entering the job market would certainly benefit if Congress stopped imposing destructive regulations and taxes on the economy.

Politicians who support an interventionist foreign policy are obviously not concerned with the harm inflicted on the middle-class populations of countries targeted for regime change. These politicians also disregard the harm US foreign policy inflicts on Americans.  Middle- and working-class Americans, and their families, who join the military certainly suffer when they are maimed or killed fighting in unjust and unconstitutional wars. Our interventionist foreign policy also contributes to the high tax burden imposed on middle-class Americans.

Middle-class Americans also suffer from intrusions on their liberty and privacy, such as not being able to board an airplane unless they submit to invasive and humiliating searches. Even children and the physically disabled are not safe from the Transposition Security Administration. These assaults are justified by the threat of terrorism, a direct result of our interventionist foreign policy that fosters hatred and resentment of Americans.

Some "military Keynesians" claim that middle-class workers benefit from jobs in the military-industrial complex. Military Keynesians seem to think that the resources spent on militarism would disappear if the Pentagon's budget were cut. The truth is, if we reduced spending on militarism, those currently employed by the military-industrial complex would be able to find new jobs producing goods desired by consumers. Even those currently employed as lobbyists for the military-industrial complex may be able to find useful work. 

Few things would benefit the middle class more than ending the Federal Reserve.  The Federal Reserve's inflationary policies erode middle-class families' standards of living while benefiting the financial and political elites. Middle-class Americans may gain some temporary benefits from Federal Reserve created booms, but they also suffer from the inevitable busts.

As I write this, the dollar still reigns as the world's reserve currency. However, there are signs that other economies are moving away from using the dollar as the reserve currency, and this trend will accelerate as the Federal Reserve continues to pump more fiat currency into the economy and as resentment toward our foreign policy grows.  Eventually, international investors will lose confidence in the US economy, the dollar will lose its reserve currency status, and the dollar bubble will burst.

These events will cause a major economic downturn that may even be worse than the Great Depression. The main victims of this crisis will be average Americans. The only way to avoid this calamity is for the American people to force Congress to free them from the burdens of the warfare state, the welfare state, taxation, and fiat currency.

The Fed's too full of toxic-loans acquired from banks right now.  It can only be ended by scaling back those acquisitions and by stopping printing new money, which is why they acquire the toxicities.  It's ridiculous.

Quote from: kit saginaw on April 27, 2015, 05:28:42 AM
The Fed's too full of toxic-loans acquired from banks right now.  It can only be ended by scaling back those acquisitions and by stopping printing new money, which is why they acquire the toxicities.  It's ridiculous.

I agree. The FED is like heroin and our nation has become addicted to it.  The American people may think and even say thay could quit anytime the want to, but the FED policies affect everything from the cost and availability to credit to the prices we pay for everything and that mean jobs and paychecks!

While I believe we can abolish the IRS immediately, the FED is going to have to be whittled down to a manageable size and then eventually done away with.  The FED was created to get COngress out of directly being able to manipulate the economy (to avoid recession).  I don't trust COngress to do a better job than the FED.  "Eliminate the FED" makes a great Bumper Sticker, but our economy is so intertwineed with everything in this country and around the globe, that there is no easy way out.

The Keeblar Elf (Ron Paul) is correct about many things, but he's also dead wrong about some very critical issues.  He understand the history and the problem, but he fail to grasp how much the world has changed from the time the FED first came to become a powerful shadow goverment, which arguable controls much of what our goverment does.  The dream of Rand's father is that we go back to the COnstitution and run the country as the FOunders intended.  I agree with this in concept, but the magnitude of our dependancy on a unconstitutional, poorly regulated, powerful independant agency that controls our economy, was never envisioned by our Founders. Pull the carpet on the FED and we would collapse!

Quote from: wally on April 27, 2015, 06:09:51 AM
I agree. The FED is like heroin and our nation has become addicted to it.  The American people may think and even say thay could quit anytime the want to, but the FED policies affect everything from the cost and availability to credit to the prices we pay for everything and that mean jobs and paychecks!

While I believe we can abolish the IRS immediately, the FED is going to have to be whittled down to a manageable size and then eventually done away with.  The FED was created to get COngress out of directly being able to manipulate the economy (to avoid recession).  I don't trust COngress to do a better job than the FED.  "Eliminate the FED" makes a great Bumper Sticker, but our economy is so intertwineed with everything in this country and around the globe, that there is no easy way out.

The Keeblar Elf (Ron Paul) is correct about many things, but he's also dead wrong about some very critical issues.  He understand the history and the problem, but he fail to grasp how much the world has changed from the time the FED first came to become a powerful shadow goverment, which arguable controls much of what our goverment does.  The dream of Rand's father is that we go back to the COnstitution and run the country as the FOunders intended.  I agree with this in concept, but the magnitude of our dependancy on a unconstitutional, poorly regulated, powerful independant agency that controls our economy, was never envisioned by our Founders. Pull the carpet on the FED and we would collapse!

Your points are well made. However, I am not sure any federal agency, and the FED is regardless of what it is labeled, can capably do anything slowly. First the FED should advise the banks they are going to slow down buying the toxic loans and slowly wind down Fannie and Freddie. This will cause another slow down in housing, but we have to stop granting loans to people who have proven they cannot or will not pay them. This is easier said than done because of the PC culture which we have built in our society. The tough part would then to somehow work with congress to reduce the debt. All this will be painful, but it is what will be necessary.

I know that this is probably not news to anyone here but the World Bank "could" render the FED moot almost overnight.

http://www.wakingtimes.com/2014/11/10/dollar-collapse-world-bank-whistleblower-predicts-global-currency/

This theory has been around for a while but stranger things have happened!

The world is becoming increasingly weary of the almighty dollar wagging the dog.  It has long given us a huge advantage in the world.  The World Bank may decide to level the playing field by making the dollar obsolete.

IMO our government is strongly pressing for inflation here in America.  As the dollar devalues..... so does our National Debt.  This has long been the Left's remedy for the debt problem.  If we have massive inflation it will likely increase the odds of our government opting for a world currency.  A devalued dollar/debt with rising wages will solve all ills for future generations.  In reality it will neuter our economy and influence in the world.

Once our power is gone, it will be virtually impossible to regain it.  It will be akin to the fall of the Roman Empire.

Quote from: Shooterman on March 18, 2011, 10:02:01 AM
http://whiskeyandgunpowder.com/how-to-end-the-fed/

by Gary North

excerpt

Things are not always as complicated as they seem. With respect to the Federal Reserve System, it is a deliberate mystery. It was deliberately designed in 1910 to deceive the public, who were opposed the idea of a central bank. The conspirators who met on Jekyll Island in November 1910 knew this. They did good work from their point of view. They concealed the beast.

The general public today knows little about the FED. Prior to Ron Paul's Presidential run in 2007-8, far fewer people understood it.

I have been asked: "How could we get rid of the Federal Reserve? What will replace it?" The answer: either the free market or Congress.

People who think of themselves as free market people often are not. The tax-funded public schools and the state-regulated and accredited university faculties have taught that the modern system of intrusive civil government is necessary for an orderly society. People cannot imagine a market-based society.

There is an old saying, "You can't beat something with nothing." But the free market social order is not nothing. It is expanding around the world, which is why the world is getting richer.

At the Federal level, a free market social order in banking existed prior to 1914. That was back when the dollar was worth over 20 times what it is worth today. (On this point, see the inflation calculator of the Bureau of Labor Statistics.)

We can go back to that system. We will go back to it. The question is: When? The other question is: At what price?

Shooter!  Where ya been?

Quote from: taxed on April 27, 2015, 09:16:31 AM
Shooter!  Where ya been?

Milos drug out a four year old thread.

Quote from: kroz on April 27, 2015, 09:11:03 AM
I know that this is probably not news to anyone here but the World Bank "could" render the FED moot almost overnight.

http://www.wakingtimes.com/2014/11/10/dollar-collapse-world-bank-whistleblower-predicts-global-currency/

This theory has been around for a while but stranger things have happened!

The world is becoming increasingly weary of the almighty dollar wagging the dog.  It has long given us a huge advantage in the world.  The World Bank may decide to level the playing field by making the dollar obsolete.

IMO our government is strongly pressing for inflation here in America.  As the dollar devalues..... so does our National Debt.  This has long been the Left's remedy for the debt problem.  If we have massive inflation it will likely increase the odds of our government opting for a world currency.  A devalued dollar/debt with rising wages will solve all ills for future generations.  In reality it will neuter our economy and influence in the world.

Once our power is gone, it will be virtually impossible to regain it.  It will be akin to the fall of the Roman Empire.

The United States could render The World Bank moot overnight. The US is the largest contributer to the World Bank, just as we are with the corrupt United Nations!  These nations measure their GNP in Billions, where every million or so matters.  The US goverment spends almost $3.5 Trillion per year. (even though the goverment's "income" through taxes is only about $2.4 Trillion per year)

A long time ago, Sen, Everret Dirkson once commented " A billion here and a billion there and pretty soon you're talking about real money "

Quote from: wally on April 27, 2015, 09:40:07 AM
The United States could render The World Bank moot overnight. The US is the largest contributer to the World Bank, just as we are with the corrupt United Nations!  These nations measure their GNP in Billions, where every million or so matters.  The US goverment spends almost $3.5 Trillion per year. (even though the goverment's "income" through taxes is only about $2.4 Trillion per year)

A long time ago, Sen, Everret Dirkson once commented " A billion here and a billion there and pretty soon you're talking about real money "

The World Bank and IMF and even the UN are all the brainchildren of Liberals in their effort for a global world order.

My point is that the FED nor any other organization within our government will ever work against the UN and it's entities as long as a Liberal is in the WH.  It is more likely that the World Bank will supersede the FED under a Liberal President.  After all that has long been their goal.

When the stars are finally aligned..... it will happen under a democrat.  JMHO....

Quote from: kroz on April 27, 2015, 11:57:27 AM
The World Bank and IMF and even the UN are all the brainchildren of Liberals in their effort for a global world order.

Yes. Just look at "The Universal Declaration of Human Rights" by the UN. It is full of socialist bullshit.

http://www.un.org/en/documents/udhr/

QuoteArticle 22.

    Everyone, as a member of society, has the right to social security and is entitled to realization, through national effort and international co-operation and in accordance with the organization and resources of each State, of the economic, social and cultural rights indispensable for his dignity and the free development of his personality.

Article 23.

    (1) Everyone has the right to work, to free choice of employment, to just and favourable conditions of work and to protection against unemployment.
    (2) Everyone, without any discrimination, has the right to equal pay for equal work.
    (3) Everyone who works has the right to just and favourable remuneration ensuring for himself and his family an existence worthy of human dignity, and supplemented, if necessary, by other means of social protection.
    (4) Everyone has the right to form and to join trade unions for the protection of his interests.

Article 24.

    Everyone has the right to rest and leisure, including reasonable limitation of working hours and periodic holidays with pay.

Article 25.

    (1) Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.
    (2) Motherhood and childhood are entitled to special care and assistance. All children, whether born in or out of wedlock, shall enjoy the same social protection.

Article 26.

    (1) Everyone has the right to education. Education shall be free, at least in the elementary and fundamental stages. Elementary education shall be compulsory. Technical and professional education shall be made generally available and higher education shall be equally accessible to all on the basis of merit.
    (2) Education shall be directed to the full development of the human personality and to the strengthening of respect for human rights and fundamental freedoms. It shall promote understanding, tolerance and friendship among all nations, racial or religious groups, and shall further the activities of the United Nations for the maintenance of peace.
    (3) Parents have a prior right to choose the kind of education that shall be given to their children.

The UN, IMF, World Bank, FED, are building a socialist world order, in which large banks and large corporations will act just like state banks and state corporations in socialism/communism, they will be always protected by the government, and therefore they will be a part of government.

Quote from: Shooterman on March 18, 2011, 10:02:01 AM
http://whiskeyandgunpowder.com/how-to-end-the-fed/

by Gary North

excerpt

Things are not always as complicated as they seem. With respect to the Federal Reserve System, it is a deliberate mystery. It was deliberately designed in 1910 to deceive the public, who were opposed the idea of a central bank. The conspirators who met on Jekyll Island in November 1910 knew this. They did good work from their point of view. They concealed the beast.

The general public today knows little about the FED. Prior to Ron Paul's Presidential run in 2007-8, far fewer people understood it.

I have been asked: "How could we get rid of the Federal Reserve? What will replace it?" The answer: either the free market or Congress.

People who think of themselves as free market people often are not. The tax-funded public schools and the state-regulated and accredited university faculties have taught that the modern system of intrusive civil government is necessary for an orderly society. People cannot imagine a market-based society.

There is an old saying, "You can't beat something with nothing." But the free market social order is not nothing. It is expanding around the world, which is why the world is getting richer.

At the Federal level, a free market social order in banking existed prior to 1914. That was back when the dollar was worth over 20 times what it is worth today. (On this point, see the inflation calculator of the Bureau of Labor Statistics.)

We can go back to that system. We will go back to it. The question is: When? The other question is: At what price?

The FED is yet another example of Congress abrogating it's Constitutional duty, and authority.

And the answer isn't Congress nor the "free market" either.

The answer is the U.S. department of the Treasury, and the Sec tres. It's their job to oversee the creation and spending of the U.S. dollar.

Quote from: daidalos on July 22, 2015, 06:54:04 PM
The FED is yet another example of Congress abrogating it's Constitutional duty, and authority.

And the answer isn't Congress nor the "free market" either.

The answer is the U.S. department of the Treasury, and the Sec tres. It's their job to oversee the creation and spending of the U.S. dollar.

A 4 year old post...Really?

Quote from: Solar on July 23, 2015, 07:44:26 AM
A 4 year old post...Really?

I am sure Shooter is smiling. 

Quote from: walkstall on July 23, 2015, 07:46:50 AM
I am sure Shooter is smiling.

I doubt he has a clue about this.