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columnist: Tim Gandee

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Topic: Federal Reserve
What Will You Do To Help End The Federal Reserve?

Has anyone hear read President Ronald Reagan's Grace Commission? If so, you will see in great detail exactly where your IRS Tax dollars go and it is not for government functions we have come to assume
by Tim Gandee
(libertarian)
Friday, January 16, 2009

I am helping to reach out to our politicians and public who should be sympathetic to a collective cause to end the private banking cartel of the Federal Reserve. I believe this is the best opportunity to take action to stimulate the economy in a manner that was intended by our founding fathers, by giving American's back their money.

The financial collapse has many in the United States scratching their heads to figure out what the heck is going on. I believe the answer and solution to our troubles can be found by eliminating the Federal Reserve, which would then allow for the removal of all Federal Income Taxes.

After reading President Ronald Reagan’s Grace Commission, I have found some interesting information that perhaps our public and politicians are not familiar. According to this specific report, all IRS tax dollars are simply paying interest on the money that the Federal Reserve creates. The funds collected by the Internal Revenue Service are not paying for our national defense or any other government functions.

The Grace Commission Report specifically outlines where our unconstitutional Federal Income Tax money is going and I hope to encourage others to become familiar with this report’s details. Many millions in the United States are starting to see this fact about our Federal Income Tax and we are tired of being robbed in the name of a private banking cartel.

Without the Federal Reserve a Federal Income tax would no longer be needed. What would that do for the prosperity of America? This would mean great things for all of liberty and us too. This is what our founders intended in the establishment of the Constitutional Republic of America.

Please help in ending the Federal Reserve. Please visit End the Fed and Downsize DC for more information.


Your friend in freedom,

Tim Gandee

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©2009 Tim Gandee, all rights reserved. You must have written permission from the author in order to republish this work.
Published: Friday, January 16, 2009
Last modified: Friday, January 16, 2009

The views expressed in this article are those of Tim Gandee only and do not represent the views of Nolan Chart, LLC or its affiliates. Tim Gandee is solely responsible for the contents of this article and is not an employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.

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Reader Comments:

Posted By: Jahfre Fire Eater
Date: 2009-01-16 09:23:39

Hi Tim,

  I agree with your sentiments and I know most of the information you reference but I don't see any value in your recommendations to visit these useless websites.  I'll elaborate this position in an article of my own.

-Jahfre Fire Eater

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Posted By: Tim
Date: 2009-01-16 09:36:37

I appreciate your input and look forward to reading you upcoming article.  The head of the monster must be removed.

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Posted By: Jim Babka
Date: 2009-01-16 09:47:27

I would be interested to see and have the reference data for the Grace Commission material you cite here. This is the first time I\'ve seen a _specific_ reference for the claim that Income Tax is only used to pay interest on the debt.

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Posted By: gene
Date: 2009-01-16 09:57:17

Hi Tim, if you haven't read this, i know you would be interested in it. "The Federal Reserve as a Cartelization Device", Murray Rothbard. You should be able to google it as it is online.

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Posted By: Tim
Date: 2009-01-16 12:55:50

Thanks Gene.  I will read that. 

Jim,

Feel free to google Grace Commission Report 1984 and you will see the details. 

Specifically it states

The Grace Commission Report was presented to Congress in January 1984. The Report claimed that if its recommendations were followed, $424 billion could be saved in three years, rising to $1.9 trillion per year by the year 2000. It estimated that the national debt, without these reforms, would rise to $13 trillion by the year 2000, while with the reforms they projected it would rise to only $2.5 trillion.[link edited for length] In reality, the debt reached $5.8 trillion in 2000.[link edited for length]

The Report said that one-third of all income taxes is consumed by waste and inefficiency in the Federal Government, and another one-third escapes collection due to the underground economy. "With two-thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government."[link edited for length]

Not only does the Federal Reserve take all Federal Income Taxes collected, it also causes the monetary inflation which then leads to increases in prices.  This is the most subversive tax that we libertarians wish to highlight.  These are the direct actions of a private bank that is in collusion with other world central banks. 

They are stealing the wealth of the people.  For America, we need to fix this and repeal the Federal Reserve Act of 1913. We need to abolish the Federal Reserve.

If we do not soon, the Zimbabwe 10 Trillion dollar note will be a phenomenon us Americans will soon realize with the dollar.

No one can say they were not warned.  Any Congressman that does not wish to support HR 2755 is a thief and should be kicked out of office. 

This robbery MUST end immediately.  The American people are alseep to this fact and I will educate all. 

To illustrate the ignorance of the public, just ask MasterC how he feels about the Federal Reserve and Federal Income Taxes.  He believes our tax dollars are paying for the services we use through our government.  He could never be more wrong.

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Posted By: Walt Thiessen
Date: 2009-01-16 17:13:51

Tim. Your links didn't work. I tried my best to fix them, but I might not have gotten the right pages. You have to do the whole URL, not just a piece of it.

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Posted By: Tim
Date: 2009-01-17 06:40:17

All of those links came from the Wikipedia site. My bad.

By the way on Fox Business News this morning, Steven Gold from Mintz and Gold is filing suit against the New York Federal Reserve in the New York Supreme Court. This is a person we can contact to show him we have support for this movement and to help in Ending the Federal Reserve.

As you may recall Bloomberg News also filed Federal Suit against the Federal Reserve to release information on their balance sheet, but its efforts have declined to my knowledge. While this one effort has been stalled in the courts, I believe the movement is growing as evident through Steven Gold's recent efforts.

We can either wait until the entire global economic systems collapses and mayhem will ensue or we can get involved and coordinate our efforts to smash the Federal Reserve. Bringing a sound money to our monetary our policy would be an example to the world and others would follow suit to eliminate their central banks. Our impact needs to be made here.

If anyone has a YouTube of this Fox Business News exchange, please let me know and post it here. I would like to forward this on to the Campaign for Liberty.

Also, here is the contact information for Mintz and Gold. Please get in touch with them to let them know they have our support from the fighters for freedom and liberty.

Mintz & Gold LLP www.mintzandgold.com 444 Park Ave S New York, NY 10016 (212) 608-1313

To: gold@mintzandgold.com

Subject: Your Recent Interview on Fox Business News

Date: Jan 17, 2009 7:41 AM

Dear Mr. Gold,

I am writing you today to let you know of an organization that stands ready to help you in your suit against the Federal Reserve. It is the Campaign for Liberty and we are acting as a watchdog group against the Federal Reserve, among other things. If there is anything you need as far as assistance in this suit; whether it be media attention, people to help in your fight, or whatever, please get in contact with me and I will distribute your messages to this national organization of liberty minded individuals.

We understand what is happening to our country at the hands of the Fed and we wish for it to be stopped as soon as we possibly can.

A significant portion of the national debt is a direct result of the Federal Reserve, plus per the Grace Commission Report of 1984, all of our Federal Income Tax goes towards the payment of interest on the printing of our currency that is backed by nothing and the ever growing balance sheet of this private bank.

We are also organizing a petition to help support the End the Fed legislation that U.S. Representative Ron Paul, M.D. has put together and we need everyones help. A copy of the text can be found [link edited for length] 

www.endthefed.us has called upon us liberty-minded patriots to gather 1,000,000 signatures to help support this legislation by April 27. That means gathering 6,000 activists to collect 200 signatures each. This is an achievable goal that we must help to gather if we wish for this conversation on the Federal Reserve to take a front seat on mainstream media and our government.

Please forward this information for the petition drive and help to make a difference. The timing is ripe for a revolution of our government and monetary policy and we have the power to drive this action.

If we tax the American people for all of the government programs that exist today, it would end in weeks. We don't have the money and these unconstitutional programs are not solvent. If you inflate the currency you can delay the payment and only have to worry about high prices down the road. Those high prices are coming and it is at the hands of the Fed.

By backing the wrong-headed actions by Congress and the U.S. Department of the Treasury, and by purchasing hundreds of billions of dollars of private securities, the Fed is propping up businesses and financial institutions that either should be permitted to fail or at least reorganize to become more economically viable.

The recent actions by the Fed also prevent resources from flowing to those areas of the economy that are financially stronger, thus weakening the entire economy. The central problem in the U.S. economy is that the Fed, by pursuing a wrongheaded policy of artificially lowering interest rates and conducting a regime of easy credit, has encouraged malinvestments on a massive scale.

After the malinvestments were exposed, the Fed then piled onto the damage by attempting to prevent their liquidation.

The solutions are simple.

* government back to its Constitutional level, which means eliminating the Federal Reserve and various other institutions, policies, and actions that our government cannot afford.

* together sound money backed by a commodity that cannot arbitrarily be expanded and bring the issuance of that money back to the people/Congress.

* off the national debt by buying back Treasury Bonds with a backed currency. That new currency could then be slowly infused back into these banks to act as a counter to inflation, thus bringing us back to a 100% reserve banking system.

This is the way our founders intended to stimulate the economy, not by the cronyism displayed by the Federal Reserve.

Remember, our country did just fine from 1776-1913 without a central bank, without a burdensome government, and the industrial market shined to the point where we were the envy of the world. Now, even the illegal immigrants are heading back to their home lands and want no part of this mess.

I just wanted to let you know that I am at your disposal in your efforts and can bring along some friends. There will also be a protest at every Federal Reserve Bank in the US this coming April 25, 2009.

 

Your brother in liberty,

Tim Gandee

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Posted By: Steven Vincent
Date: 2009-01-18 10:52:05

Thanks for your support, Tim.  With your help and that of others like you we can accomplish much.

 Steven Vincent

End the Fed 

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Posted By: Master C
Date: 2009-01-20 10:09:52

Dear Tiny Tim,

I hadn't read this article yet asking people "What Will You Do To Help End The Federal Reserve?" but I ventured through it today out of curiosity.  I thought it might somehow relate to this big project of yours to gather signatures and mount a mighty demonstration at the Fed on 4/25. 

Let me just contribute two comments to what I read: One, the quality of your writing is embarrassingly poor.  For you to portend to represent any kind of national organization greatly DEGRADES the impression that anyone might have of the intellectual and political level of the group you represent.  You make it look like a HAYSEED group of CORNFED YOKELS, and can only detract from the efforts of other, more qualified, spokespeople.  Secondly, I would say that your comment about: "The solutions are simple:" made me LAUGH OUT LOUD!  1) eliminating the Fed and various other institutions, 2) returning to sound money backed by gold, 3) eliminate the national debt by buying it back with a sound currency....   Blah, blah, blah.  Do you ever READ what you WRITE?  Tell me what's so "SIMPLE" about ANY of these issues, except for your assertion that they are simple?

As some examples of why your writing is so pathetic, and degrades the efforts of more educated members of your group, here are some observations to try to help you.

Some of your comments in the letter to Steven Gold bordered on illiterate, like:  "I am writing you today" (no ~ you are writing TO him not writing him), "a significant portion of the national debt is a direct result of the Federal Reserve" (not true ~ CONGRESS spends the money, the FED only creates it.) 

The fragment of a sentence that reads: "...all of our Federal Income Tax goes towards the payment of interest on the printing of our currency that is backed by nothing and the ever growing balance sheet of this private bank." should be embarrassing to anyone who composed it, let alone to someone who contends that they represent a national group.  The word should be "toward" not "towards" to match the singular tense of the word "all".  Secondly, you're quoting a 1984 document without any attribution to the current situation (some 24 years later!) which is even FALSE in the way you phrased it.  The fact that we ONLY pay INTEREST on the national debt is NOT the same as all of the Federal Income Tax goes toward interest on the Federal Debt.  It is PURE IGNORANCE of what you're saying and what you're implying.  It is certainly a shameful and FALSE intimation.  Thirdly, your run-on statement reading "...that is backed by nothing and the ever growing balance sheet of the this private bank." links the thought that the currency is backed by nothing (which EVERYONE knows ~ which is not illegal, not a new insight, and not a damning statement) with the word "and" when it should be linked with at least a more explanatory remark like (although THIS is way beyond YOUR ability, I'm sure) "which endangers our economic stability even more because of the ever-growing balance sheet of this private bank."   

I'm not going to go on because I have read so much of your stuff before, I know you're incapable of doing much better.  Probably were homeschooled, or just didn't pay much attention in those English classes.  Wanted to get out and tear down some institutions, huh!

Just as I would recommend that you not try to join the national football league or run for President, I would also recommend that you let OTHERS write letters for you if you want to make a more educated and positive impression.

Master C

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Posted By: Larry
Date: 2009-02-16 14:43:57

Hello Tim,

How about making a viral marketing program on youtube and other sources? Maybe start writing "End The Fed" on all of the US dollar bills that we own in permanent markers! Money does travel and if enough people do it we'll have millions of "End The Fed dollars in circulation! Ooo this is beginning to sound like a good idea!

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