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In The News Discuss political issues as they come up in the news.

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Old 10-18-2008, 10:43 PM
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Thumbs up What You Can Do to End the Tyranny of the Federal Reserve

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The bailout opposed by so many Americans was nevertheless negotiated by the Federal Reserve with the help of Congress and the Administration. The final bill for the hotly debated rescue of the rich is over 1 trillion dollars including the ear marks and special interests sops that were included. But this is small change compared to the money that is being pumped into the monetary system by the Federal Reserve without any debate or consent. New money is being printed at record rates, insuring that the currency you have in your pocket will buy less and less everyday. As more people wake up to the threat to American's future posed by the Federal Reserve, interest is being renewed in the Federal Reserve Board Abolition Act (HR2755).

This legislation introduced by Congressman Ron Paul in June, 2007 would kill the Federal Reserve Act and would then phase out the Federal Reserve altogether one year after the bill becomes law. Although legislators have yet to bring Paul's bill to the floor, mounting interest in the bill in the face of recent Fed actions suggests it will be revived from its current state of languish in the House Committee on Financial Services.
I sure hope so. I know it is a pipe dream to believe that this bill will actually go anywhere because the marriage between the state and the corporation is too well-ingrained. We recently saw Congress blatantly defy what its constituents wanted by passing the bailout bill. That may delay the inevitable for a short time but the state of the economy will worsen. We don't have enough people in office willing to do the right thing and sever the control that this private cartel of financiers called the Federal Reserve hold our nation's economy. I don't think things will change until the house of cards collapses.

Quote:
What the Federal Reserve is all about

The Federal Reserve is called that to fool you. It is actually a private corporation run by bankers dedicated to controlling the nation's money supply for the benefit of themselves and other wealthy and powerful people. Its mandate is to control the rest of the people by controlling their access to money and credit.
Read more at What You Can Do to End the Tyranny of the Federal Reserve
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