WashingtonWatch.com - H.R. 2755, The Federal Reserve Board Abolition Act

Comment by Bryan Morton (July 24, 2008, 01:00:00)

Thu, 24 Jul 2008 00:00:00 EDT

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....

Comment by Mark Wyatt (July 8, 2008, 01:00:00)

Tue, 08 Jul 2008 00:00:00 EDT

Please read this proclamation and link one or more of these sites: www.TakeBackTheFed.com www.AbolishTheFed.info www.RepealTheFed.net www.RevokeTheFed.com...

Comment by Russ (April 10, 2008, 01:00:00)

Thu, 10 Apr 2008 00:00:00 EDT

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....

Comment by Mark (April 9, 2008, 01:00:00)

Wed, 09 Apr 2008 00:00:00 EDT

May be too fast, but the basic idea is right. TakeBackTheFed.com...

Comment by Kent (March 3, 2008, 01:00:00)

Mon, 03 Mar 2008 00:00:00 EST

See www.PublicCentralBank.com...

Comment by Banker (February 22, 2008, 01:00:00)

Fri, 22 Feb 2008 00:00:00 EST

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?...

Comment by Ender (August 17, 2007, 01:00:00)

Fri, 17 Aug 2007 00:00:00 EDT

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....

Revision by webmaster (July 31, 2007, 01:00:00)

Tue, 31 Jul 2007 00:00:00 EDT

H.R. 2755 would abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act.

Detailed Summary

Federal Reserve Board Abolition Act - Abolishes the Board of Governors of the Federal Reserve System and each Federal reserve bank.

Repeals the Federal Reserve Act.

Status of the Legislation

Latest Major Action: 6/15/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.

Points in Favor

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Points Against

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Comment by Z (June 22, 2007, 01:00:00)

Fri, 22 Jun 2007 00:00:00 EDT

Is this bill a joke?...

Comment by Shawn (June 21, 2007, 01:00:00)

Thu, 21 Jun 2007 00:00:00 EDT

If someone calls us on all of our fake ass money we have printed we are screwed....

Comment by goldenequity (June 18, 2007, 01:00:00)

Mon, 18 Jun 2007 00:00:00 EDT

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...

Revision by webmaster (June 16, 2007, 01:00:00)

Sat, 16 Jun 2007 00:00:00 EDT

H.R. 2755 would abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act.

Detailed Summary

(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)

Status of the Legislation

(Log in to edit the wiki and be the first to update the status of the bill!)

Points in Favor

(Log in to edit the wiki and be the first to show why the bill should pass!)

Points Against

(Log in to edit the wiki and be the first to show why the bill should not pass!)

Revision by webmaster (June 16, 2007, 01:00:00)

Sat, 16 Jun 2007 00:00:00 EDT

H.R. 2755 would abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act.

Detailed Summary

(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)

Status of the Legislation

Latest Major Action: 6/15/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.

Points in Favor

(Log in to edit the wiki and be the first to show why the bill should pass!)

Points Against

(Log in to edit the wiki and be the first to show why the bill should not pass!)

Status as of June 15, 2007

Fri, 15 Jun 2007 00:00:00 EDT

6/15/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.

Status as of June 15, 2007

Fri, 15 Jun 2007 00:00:00 EDT

6/15/2007: Referred to House committee. Status: Referred to the House Committee on Financial Services.