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H.R. 2755, The Federal Reserve Board Abolition Act (22 comments ↓)
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
- This bill, or a similar bill, was reintroduced in the current Congress as H.R. 833, The Federal Reserve Board Abolition Act.
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.
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goldenequity
June 18, 2007, 4:50pm (report abuse)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
June 21, 2007, 6:16pm (report abuse)If someone calls us on all of our fake ass money we have printed we are screwed.
Z
June 22, 2007, 4:04pm (report abuse)Is this bill a joke?
Ender
August 17, 2007, 11:10am (report abuse)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
February 22, 2008, 1:26am (report abuse)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
March 3, 2008, 1:55pm (report abuse)See www.PublicCentralBank.com
Mark
April 9, 2008, 6:26pm (report abuse)May be too fast, but the basic idea is right. TakeBackTheFed.com
Russ
April 10, 2008, 10:06am (report abuse)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
July 8, 2008, 12:43pm (report abuse)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
July 24, 2008, 12:30pm (report abuse)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
September 30, 2008, 8:19am (report abuse)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
October 5, 2008, 3:02am (report abuse)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
October 5, 2008, 6:43pm (report abuse)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
October 5, 2008, 11:32pm (report abuse)i support HR 2755
MJ
October 14, 2008, 5:58pm (report abuse)On November 22, 1910 a malevolent Creature was conceived in the darkness.
Ninety-eight years after its illegitimate conception, we will gather at the gates of its lair
to signal the beginning of its end.
Every Fed Bank. Every Fed Office.
Thirty-Eight Cities. One Purpose.
http://endthefed.us/
Rob
October 15, 2008, 10:23pm (report abuse)Nothing but "a den of vipers and thieves"
Dictionary: viper
(vī'pər) pronunciation n.
4. A person regarded as malicious or treacherous.
Dictionary: thief
(thēf) n., pl. thieves (thēvz)
One who steals, especially by stealth.
http://endthefed.us
Andrew
November 1, 2008, 8:41pm (report abuse)Notice how many people are wary of leaving their last names. Would that happen in a free society? I'm scared to, I know that! The Fed is the money-machine for Bilderberg, plain and simple. They're charging us for creating "money" out of thin air! The interest is INSURMOUNTABLE by design. A 5-year-old could understand it. Ask any loan-shark how it works. Let's get on this NOW!
Me
November 7, 2008, 6:39pm (report abuse)Andrew, people are afraid to leave their names period because of the right-wing nuts on here, who can't talk about this without foaming at the mouth. Hystrionics detracts from your message, folks. Your leader's association w/ the John Birch Society is all I need to know to give this recurrent movement two thumbs down.
Manny
November 14, 2008, 7:35pm (report abuse)www.endthefed.us
NOV 22nd, let's give them a piece of our minds!
Mike
November 18, 2008, 2:17pm (report abuse)Join endthefed.us 11/22/2008 and join with us to end the illegal, unconstitutional fed reserve! Let's take control of our money, our destinies and our future from these Baron robbers!
We're in trouble
November 21, 2008, 2:59pm (report abuse)"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." - President Woodrow Wilson.
"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." - Thomas Jefferson, founding father.
chaosIV
November 30, 2008, 6:55pm (report abuse)http://video.google.com/videoplay?docid=5355374476580235299 if this video don't make you think, then nothing will