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Abolish the Fed and Return Money Creation Power to Congress

By       Message Stephen Lendman     Permalink
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Abolish the Fed and Return Money Creation Power to Congress - by Stephen Lendman

In her extraordinary book, "Web of Debt," financial writer Ellen Brown tells "the shocking truth about our money system, (how it) trapped us in debt, and how we can break free." She quotes banker/developer Reed Simpson saying:

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"Credible evidence (reveals) a world (banking) power elite intent on gaining absolute control over the planet and its natural resources, including its subservient human (ones)." It's the Bilderberg Group classless society idea of rulers, serfs, and no middle class by controlling the world's money. What Baron MA Rothschild (1818 - 1874) meant by saying:

"Give me control over a nation's currency and I care not who makes its laws." Today it applies globally.

Money is bankers' "lifeblood,....fear (their) weapon." Ill-used, they'll "enslave nations and ensure perpetual wars and bondage." Brown explained all and proposed a solution.

Congressman Ron Paul has led a congressional campaign to abolish the Federal Reserve by introducing legislation in the 106th, 107th, 108th, and 110th Congresses. Each time it died in committee, but he's not deterred. He believes it's essential to:

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-- end a private banking cartel's illegal monopoly over the nation's money supply and price;

-- return that power to Congress as the Constitution's Article I, Section 8 mandates;

-- end a fiat currency system that's dysfunctional, broken and corrupted;

-- return the country to a sound, hard currency monetary system; and/or

-- replace private banking with a public alternative at the federal, state, county, and municipal levels to end Fed dominance, and return the nation to sustainable, productive, stable, non-inflationary growth, free from predatory banker control.

On February 3, Paul again tried (with no co-sponsors) by introducing HR 833: Federal Reserve Board Abolition Act:

"To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes."

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It was referred to the House Financial Services Committee where no action so far has been taken.

House and Senate measures, however, are underway to audit the Fed. On February 26, Paul introduced HR 1207: Federal Reserve Transparency Act of 2009:

"To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes."

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I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

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