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 Posted: Fri Feb 06, 2009 2:41 pm Post subject: February 4, 2009 - The Federal Reserve Board Abolition Act |
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February 4, 2009 - The Federal Reserve Board Abolition Act
Ron Paul
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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| Posted: Wed Apr 22, 2009 2:12 am Post subject: April 25, 2009 - End the Federal Reserve NationWide Rally |
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April 25, 2009: End the Federal Reserve NationWide Rally Coverage - News, Videos, Articles, Opinions And Photos:
End The Fed Rally, Detroit, Michigan - 25 April, 2009
End The FED Cleveland 4-25-09
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| Posted: Sun Apr 26, 2009 4:47 am Post subject: END the FED Rally Miami, 25 April 2009 |
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END the FED Rally Miami, 25 April 2009
Today’s End the Fed rally in Miami was entirely a success. Sure, we had our run ins with the cops, but when it’s all said and done, I can at least say I accomplished more today than I did in the first combined 22 years of my life. So over all, it was a good thing for sure.
The party got kicked off at the Federal Reserve building in Miami. The cops intervened twice, but it turns out they were actually pretty cool. They said they empathized with our predicament, and let us off by telling us we need to get a permit to be there beforehand, next time. So … Back to handing out Obama Deception DVDs to random drivers.
My goal of the day was this: Have someone someday tell their story that includes the fact that they were just driving down the road one day, on their way back from lunch with friends, and some gerl at random handed them a DVD, which he watched and it changed his life.
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| Posted: Sun Apr 26, 2009 6:26 am Post subject: End The Fed Rally San Francisco - 25 April 2009 |
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Video: End The Fed Rally San Francisco - 25 April 2009
Photos: End The Fed Rally San Francisco - 25 April 2009
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Report on the San Francisco End the Fed Rally held April 25, 2009
by Carol Brouillet
Sunday Apr 26th
On Saturday April 25, 2009 at Federal Reserve Banks across the country, people protested the Fed's criminal behavior and rallied in support of Ron Paul's bill H.R. 1207 to Audit the Fed. In San Francisco rallies and a march culminated at the 101 Market Street, San Francisco Federal Reserve Bank.
Throughout the country, rallies were held in various cities to challenge the Federal Reserve, educate the public, and lobby for H.R. 1207, which calls for an audit of the Federal Reserve. An ad hoc group of about a hundred people gathered at the Ferry Building in San Francisco with signs, “End the Fed” T shirts, many handouts, the traditional blowhorns, cameras, and video equipment to do direct outreach to the public, document and disseminate the action. The group marched down Market Street, past the Federal Reserve to Union Square, and back to the Federal Reserve Building for a final rally, speeches, and conversation.
We were a diverse group of people, united by four points of agreement:
1. Economy: Abolish the Federal Reserve. Begin using gold, silver, or local community currency for commerce.
2. Foreign Policy: End the occupation of Iraq and Afghanistan. Initiate return of US soldiers from around the world.
3. Civil Liberties: Protect the privacy and civil liberties of all persons under US jurisdiction.
4. Corporations: End corporate bailouts, welfare and subsidies.
Organizers Jun Dam, John Dennis, and Libertarian Anthony Gregory were the first speakers, followed by Stephen Walsh, a researcher with the American Monetary Institute, currently working on a book on colonial script at the time of the American Revolution.
At the first End the Fed rally, on November 22, 2008, the crowd was larger, and the logistics were more challenging for me (I brought a banner, the sound system, table, resource materials, and two volunteers). This time, I relaxed a bit, and arrived earlier. I had a great time passing out materials to the public and conversing with many of the people in the march, exchanging leaflets and DVDs. I wore a suit and passed out Billion Deception Dollar notes and flyers, saying “It is better to give than to steal.” At the final rally, I had a hard time hearing all of the speeches, because people wanted to question and interview me. I hadn’t had time to prepare a speech, and spoke directly from my heart, appreciating the presence of those who were there.
“In the 90’s my main issue was monetary reform. I actually gave away all my money to change the system. Ironically, I failed in my attempts to start a community currency in Palo Alto. There people have way too much money and not enough time. Local currencies thrive when people have no money and too much time. My only success in creating a community currency was when I started publishing the Deception Dollars in 2002, which help fund the Truth Movement. I see some strong parallels between both issues. War is based upon deception and so is money. Our financial system is criminally fraudulent.
“Recently, Ed Griffin, author of a great book on the Federal Reserve (The Creature from Jekyll Island) was on an End the Fed conference call and debating on whether it would be better to abolish the Fed or audit it. He was in favor of abolishing it. I can understand strategically why an audit wouldn’t work. Who would do it? What would they report? Like appointing Henry Kissinger to head the 9/11 Commission, the report might just obscure and perpetuate the crime. I still think the best idea that I’ve heard to end the Fed is going after them through RICO.
“In the months however, since November, things have changed enormously. The G-20 have met, and are trying to do an end run and construct a supranational “financial solution” to the global crisis – through the World Bank, a new central bank utterly unaccountable to anyone, with the ability to create a global currency and override the sovereignty of any nation. Michel Chossudovsky gave an excellent lecture in February, pointing out how in the 80’s the World Bank, the IMF forced enormous loans onto Third World countries, indebting them, and then imposed draconian “Structural Adjustment Programs” upon them, effectively looting their resources, slashing their health and educational systems. There are about five major institutions that work together as part of “the World Bank Group,” including one called the International Finance Corporation. It actually teaches how to privatize public assets for profit.
“Like the controlled demolition of World Trade Center 7, we are witnessing the controlled demolition of the global economy. It has happened before, in different parts of the world- Mexico, Asia, Russia, devastating millions and allowing, accelerating the looting, corruption, concentration of power.
“The very architects and engineers of the current crisis are the ones who dismantled the Glass Steagall Act in the 90s, deregulated oversight of the exotic instruments, derivatives. They are five giant banks who have 96% of the toxic liabilities on their books, they are the ones who exported them and infected the global financial system. They are the ones getting the bailout money and using it to buy up other banks and assets. It’s the biggest financial heist in history. They want the public to pay, become indebted, and the bankers will dictate financial policy.
"If they have their way, all nations will be subservient to an unelected, unaccountable, enormously powerful central bank. Unfortunately, the global elite have more loyalty towards one another than to individual countries. In order to stay in power, they will try to keep the game going.
“We need to educate ourselves and one another. Last November, I met Stephen Walsh at the rally and I got a copy of Stephen Zarlenga’s book The Lost Science of Money – The Mythology of Money – The History of Power. It’s one of the best books I’ve read on money, and contained many things that I didn’t know. Zarlenga has also been holding excellent conferences on monetary reform for years and will be coming to the Bay Area next weekend, so it is a great opportunity for all of us to learn more.
We do know that they use war, terror, money, fear, lies and deception to try to control people. We also know that the information, the facts, the truth that we want to share with people is often very frightening to them. I remember it took me six months to process “the shattering of my worldview” when I first started doing my own research. So I would advise people to be compassionate and gentle, respectful of other people. We want to encourage them, not scare them away.
Our struggle also affects, educates, and inspires the struggles of those in other countries.
Remember money is basically an agreement and the majority of us can agree to change it from a secret, fraudulent, criminal looting and destruction of people and planet to an honest, accountable, transparent one which serves life.
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| Posted: Sun Apr 26, 2009 8:34 am Post subject: End The Federal Reserve Rally Minneapolis - 25 April 2009 |
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Video: End The Federal Reserve Rally Minneapolis - 25 April 2009
(1) Video: Rand Paul End the Fed Minneapolis
(2) Video: Rand Paul End the Fed Minneapolis
Video: Music from End the Fed Minneapolis
Minneapolis Federal Reserve draws third protest in six months
04/25/09 The Minnesota Independent
Chanting “End the Fed” and “Audit the Fed,” about 75 protesters marched around the Federal Reserve Bank in downtown Minneapolis today to kick off a three-hour rally. It was the third protest at the Minneapolis Fed since U.S. government bailouts of the financial industry began last September.
The demonstration was one of 40 across the country that the End the Fed organization planned today at branches and offices of the Federal Reserve Bank. When the group held a similar protest at the same site on Nov. 22, a “Ron Paul Revolution” plane flew overhead.
But event organizer Melissa Hill told the Minnesota Independent the action is all on the ground today, with speeches and chants in the plaza in front of the Fed as well as a raucous parade around the bank’s riverfront headquarters.
Jordan Jelinek of Bloomington (in the foreground at left), a Tea Party protest veteran, said today’s gathering shared a message with the April 15 events: “Power to the people.”
Carrying a sign reading “Abolish the Federal Reserve System,” Jelinek said he “never really thought of myself as a protester until the socialist agenda of both Bush and Obama.” Government should leave people alone so they can engage in free trade, he said.
Government’s lack of control over the Federal Reserve was the main gripe of protester Matthew Caldwell of St. Louis Park. As an instution, the Fed, he said, is “not even quasi” governmental.
Like Jelinek and others at the rally, Caldwell supports a bill by U.S. Rep. Ron Paul (HR 1207) to require an audit of the Fed. (Jelinek said the bill now has 82 co-signers including Minnesota Republicans Eric Paulsen and Michele Bachmann. He didn’t mention Democrats Keith Ellison and Collin Peterson, who opencongress.org also lists as co-signers.)
Caldwell missed the Nov. 22 End the Fed protest but attended an April 15 Tea Party, where he said Fox News’ hype had attracted followers of “Glenn Back, Sean Hannity, Fox News” who “co-opted” the event.
Caldwell (pictured below) calls himself a “paleo-conservative” but said he distrusts the “left-right paradigm” that thrives on polarizing issues that distract attention from real issues.
Indeed, the first protest held at the Minneapolis Federal Reserve (video) in response to government bailouts of the financial industry was a more left-leaning affair contrasting concern for Wall Street institutions with a lack of concern for Main Street.
End the Fed is associated with Ron Paul but it’s an independent and non-partisan group, Hill said, noting that she had spread the word about today’s event via alternative outlets such as Indymedia.
She also said she has pushed for a future national End the Fed protest to be on a weekday, which she thought would help draw a crowd and more attention.
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