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OpEdNews Op Eds    H1'ed 9/4/19

Forget the Russians: It's the Federal Reserve Seeking to Meddle in Our Elections

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The Federal Reserve is the printing press that has financed the creation of the largest government to ever exist
The Federal Reserve is the printing press that has financed the creation of the largest government to ever exist
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The US Constitution never granted the federal government authority to create a central bank. The Founders, having lived through hyperinflation themselves, understood that government should never have a printing press at its disposal. But from the very beginning of America's founding, the desire for a crony central bank was strong.

In fact, two attempts were made at creating a permanent central bank in America prior to the creation of the Fed. Fortunately, the charter for The First Bank was allowed to expire in 1811, and President Andrew Jackson closed down the Second Bank in 1833.

But, unfortunately, a third attempt was successful and the Federal Reserve was unconstitutionally created by Congress in 1913. Americans have been living under a corrupt and immoral monetary system ever since. The Federal Reserve is the printing press that has financed the creation of the largest government to ever exist. Endless welfare and endless military spending are both made possible by the Federal Reserve. The Fed can just print the money for whatever the US establishment wants, so those of us who long for a Constitutional and limited government have few tools at our disposal.

Despite all the propaganda claiming "independence," the Fed has always been a deeply political institution. Because the Fed is a government-created monopoly with key government-appointed employees, its so-called "independence" is a mere fiction. However, the US Congress created the Fed with legislation; it can also abolish the Fed with legislation.

Last week, the facade of Federal Reserve "independence" was dealt a severe blow. Ironically, the person who broadcast to the world that the Fed is anything but "independent" was ex-New York Fed President Bill Dudley. Dudley wrote that, "Trump's re-election arguably presents a threat to the United States' and global economy, and if the goal of monetary policy is to achieve the best long-term economic outcome, the Fed's officials should consider how their decisions would affect the political outcome of 2020."

The timing of Dudley's threats to use Fed monetary policy to affect the outcome of a US election couldn't come at a more striking time. After all, for more than two solid years Americans have been bombarded with fabricated stories about Russians rigging our elections. And yet here is a Federal Reserve official threatening to do the same exact thing but this time for real!

Whether it's the mainstream media, the CIA, the FBI, or now the Federal Reserve, more and more Americans are waking up to the fact that there is a Deep State in America and its interests have nothing to do with American liberty. In fact, our liberty is what the Deep State wants to abolish.

When it comes to the Federal Reserve, I stand firmly by my conviction that it needs to be audited and then ended as soon as possible.

America's Founders were not perfect. They were human beings just as capable of error as we are. But they had a remarkable understanding of the ideas of liberty. They understood that liberty cannot exist with a government that has access to a printing press. Sound money and liberty go hand-in-hand. If we want to enjoy the blessings of Liberty, we must audit and then end the Federal Reserve!

 

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Ron Paul is a member of the House of Representatives from Texas and a former presidential candidate, for the GOP and also for the Libertarian parties. His latest book is End The Fed

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Forget the Russians: It's the Federal Reserve Seeking to Meddle in Our Elections

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K.H. Williams

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Thanks to the Federal Reserve Act of 1913 (or so) isn't the Fed in fact a profit-making corporation, and part of the worldwide Central Banking system? If all that's true, the Fed has only a minority of government appointees on its Board, which makes for corporate majority votes. Also, if the Fed is, in fact, a corporation, exactly who are we paying all that government debt to?????!!!! Here's hoping that many, many more of us participate in efforts to have a public bank in every state which could greatly help ameliorate some of the big-bank problems we've had. (California is close to being on board.) South Dakota has this country's only public bank which has spared them a whole lot of banking headaches including outrageous student debt. South Dakota's public bank actually works for South Dakotans. If unfamiliar with Public Banking, for a quick overview, please visit its site and scroll down on its home page to the list of 10 key facts about Public Banking. Thanks. https://www.publicbankinginstitute.org/

Submitted on Wednesday, Sep 4, 2019 at 5:19:00 PM

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Dana Clark

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North Dakota has a state bank not South. South Dakota is too busy stealing the resources of the Black Hills to be concerned with helping the poor and downtrodden.

Submitted on Wednesday, Sep 4, 2019 at 5:34:04 PM

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K.H. Williams

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Thanks for the correction.

Submitted on Thursday, Sep 5, 2019 at 12:07:29 AM

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shad williams

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The problem is being exposed as, "Where is the gold?" Fiat is fiat regardless of who prints it.

Submitted on Wednesday, Sep 4, 2019 at 8:11:49 PM

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Devil's Advocate

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Reply to shad williams:   New Content

Yes, but if you print it yourself, you're not paying interest on it.

Submitted on Wednesday, Sep 4, 2019 at 9:28:48 PM

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shad williams

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Reply to Devil's Advocate:   New Content

I agree, although it seems to be a game of musical chairs at this point. Do you want to be holding any currency whether US or North Dakotan when you are in another country, city or state that no longer accepts that currency because it is not redeemable?

If a currency is created out of thin air and backed equally by thin air, background noise such as the interest rate of the currency is irrelevant isn't it? Or asked another way, which currency would you accept, one that allows you to redeem for say gold, or one that is simply a promise, an IOU?

Submitted on Thursday, Sep 5, 2019 at 8:55:15 AM

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Reply to shad williams:   New Content

Yeah, you got a point there. As Billy Preston would've said: "Nothing from nothing leaves nothing." :)

Submitted on Thursday, Sep 5, 2019 at 9:05:29 PM

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Jim Glover

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Yes, I want an audit of the Federal Reserve and the Pentagon spending too if America can face the truth for Peace and prosperity.

Submitted on Wednesday, Sep 4, 2019 at 6:02:58 PM

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Lance Ciepiela

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If Donald Trump truly wants to fix the economy, he must shut down the Federal Reserve 'and start issuing debt free money'. If he just tries to patch up our current system he will fail because it has been fundamentally flawed from the very beginning. #NationaliseTheFed.

Yes, Fed Chairman Powell surely appears to be "meddling" in the 2020 elections. This is practically unprecedented in a president's first three years unless Powell may have taken "a personal dislike"? to Trump? (e.g., "due to" Trump's "criticism of Powell" (e.g., his "lack of vision"), and Trump's "it's so important to audit the Federal Reserve may have "set off the survival alarm bells" at the fed since the fed has never had a full independent "audit" by the GAO or anyone else in the world and they want to "keep it that way") and would cause "a bust" in the economy. #Thefed has already raised the interest rates nine times on Trump in his first three years and also commenced QT ("Quantitative Tightening" - "selling off" their Balance Sheet Assets) which restricts money liquidity in the economy possibly bringing on a recession, stock market volatility, and crashing the economy making things look bad for Trump as he attempts to get reelected in 2020 with a booming economy "trail wind" behind him. #EndTheFed.

Submitted on Wednesday, Sep 4, 2019 at 9:50:42 PM

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911TRUTH

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Reply to Lance Ciepiela:   New Content

Conald Chump doesn't want to fix anything.

All he wants to do is 'fix' the government to enrich himself.

He could care less about the sucker MAGAts who voted for him.

Never did, never will.

Submitted on Thursday, Sep 5, 2019 at 9:53:24 PM

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shad williams

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James Corbett's Episode 292 - Century of Enslavement: The Federal Reserve and Mike Maloney's the Hidden Secrets of Money are good references for this topic. Even with these primers, what appears to be simplistic evades my mind and remains arcane.

The Keiser Report is a good source in general regarding fiat currency*s) and Nomi Prins Collusion (by central banks).

Of course, prescious metals' prices have been manipulated and still are manipulated, and bitcoin transactions if one is in the US forces one through Treasury, because they are soooo interested in preventing fraud.

Submitted on Thursday, Sep 5, 2019 at 9:51:00 AM

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I have been trying to wrap my head around bitcoin for a few weeks now and I am halfway tempted to buy a bitcoin mining device to try it out. A fool and his money...

Submitted on Thursday, Sep 5, 2019 at 4:28:55 PM

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Yes, "Federal Reserve Steals From the Poor and Gives to the Rich - Auditing the Fed is an excellent first step toward restoring a monetary policy that works for the benefit of the American people, not the special interests. Another important step is to repeal legal tender laws that restrict the ability of the people to use the currency of their choice. This would allow Americans to protect themselves from the effects of the Fed's polices. Auditing and ending the Fed, and allowing Americans to use the currency of their choice, must be a priority for anyone serious about restoring peace, prosperity, and liberty. Source Ron Paul "Texas Straight Talk".

Submitted on Friday, Sep 6, 2019 at 12:53:59 AM

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Peter Duveen

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A government that flaunts power over constitutional agreements is on very shakey ground. I fear Americans will dump such a government en masse and leave us without a functioning state. But then again, if that were to happen, life would go on. Water under the bridge, eh?

Submitted on Friday, Sep 6, 2019 at 3:01:02 AM

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