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H.R. 2755, The Federal Reserve Board Abolition Act
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Visitor Comments
goldenequity
Ron Paul has addressed members of Congress on abolishing the Federal Reserve. Why is this so important to Ron Paul?This 3 1/2 hour film is like a college level course in World Economics and American Civics. Once viewed, you will understand more about America's predicament than members of the House Banking and Finance committee.
The creators of this important film have given permission to stream the video in it's entirety and consider Ron Paul to be a National Hero.
www.ronpaulaudio.com
Shawn
If someone calls us on all of our fake ass money we have printed we are screwed.
Z
Is this bill a joke?
Ender
The bill is absolutely NOT a joke. They tell us that the monetary system is very complex, but it's really very simple. The FED raises interest rates. WHen they do that what happens? How do they measure the economy? Foreclosures is one way. Where does that money go? Into the pockets of the rich. Where does it come from? The pockets of the poor. When interest rates rise, the people that change the money profit. The further you are from the money changing, the more impact the changing interest rate has on you. That means the poor have high inflation, while the rich actually make money when interest rates go up. If the FED didn't interfere, there would be zero inflation and zero deflation. The economy would be STABLE. There is a GREAT cartoony video that explains how it all works. I'll try to find it. Oh! It's called Money as Debt.
Banker
So what about the other effects? The Fed is the central bank. There are approximately 13,000 financial institutions, and for them all to create contracts would be havoc. Instead, they all have contracts with the Fed, who clears checks, wire transfers, etc. between them. If the fed goes away, who will take on these contracts?
Kent
See www.PublicCentralBank.com
Mark
May be too fast, but the basic idea is right. TakeBackTheFed.com
Russ
The creation of the Fed was unconstitutional, and Federal Reserve Notes are unconstitutional. They are NOT money. Our Constitution mandates that only gold or silver be used as money, and the States are instructed not to accept anything but gold or silver as money. Not only should the Fed be abolished, but the governors of the 50 states should be indicted for violation of the Constitution.
Mark Wyatt
Please read this proclamation and link one or more of these sites:
www.TakeBackTheFed.com
www.AbolishTheFed.info
www.RepealTheFed.net
www.RevokeTheFed.com
Bryan Morton
For those interested, there's a very informative video produced by the Ludwig von Mises Institute which is available on YouTube. Simply copy "Money, Banking and the Federal Reserve" and paste it into the YouTube search field.
Richard Covey
700 BILLION DOLLAR BAIL OUT IS THE RESULT OF THE FEDERAL RESERVE! CALL YOUR REPS TELL THEM THE FED IS UNCONSTITUTIONAL GET THIS BILL PASSED AND TAKE OUR COUNTRY BACK!
Thresa Matthews
We have an unparalleled opportunity since the bailout was forced upon us to educate the public and effect change--the current congress must be voted out this election. People are looking for recourse.
bb
No Z, you are a joke. This is our last hope for saving the monitary system and the freedom most take for granted
Wake up people!
a
i support HR 2755