Tyranny Has A Name - It's name is the Federal Reserve
In 1910, a clandestine meeting of powerful Wall Street bankers convened on Jeckyll Island, an exclusive resort off the coast of Georgia. by Larry Warrick
(libertarian)
Tuesday, March 2, 2010
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them [the banks], will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." - Thomas Jefferson
In 1910, a clandestine meeting of powerful Wall Street bankers convened on Jeckyll Island, an exclusive resort off the coast of Georgia. Attendees were Senator Nelson Aldrich, his personal secretary Arthur Shelton, former Harvard University professor of economics Dr. A. Piatt Andrew, J.P. Morgan & Co. partner Henry P. Davison, National City Bank president Frank A. Vanderlip and Kuhn, Loeb, and Co. partner Paul M. Warburg. The mission was simple; to pen legislation forming the basis of a US central banking cartel. The result of this meeting became the Federal Reserve Act of 1913 and thus the groundwork for 20th century economic ills, such as the boom and bust cycle was laid.
In 1971, faced with mounting deficits due to the Viet Nam war, the US dollar in international freefall and predictions of future price inflation caused by the domestic practice of fractional reserve banking, President Richard Nixon cut the last ties of the US dollar to gold, ending all monetary reserve requirements on the Federal Reserve Banking System and ushering in the age of 1970's stagflation'.
In conjunction with Federal Government legislation, the American people are now reaping the rewards of ignoring the honest money directives of our constitution and the dire warning of Thomas Jefferson. We are, in reality, waking up homeless in the land our fathers conquered. In many neighborhoods across the country, perfectly good homes lie empty in rows, whilst their previous occupants live in tent cities', with friends or relatives, or on the streets.
Please support HR1207 - The Federal Reserve Transparency Act of 2009., and it's Senate companion bill S604, by calling your Senators and Representative and urging them to pass this landmark legislation. After a full audit, the American people will understand the tyranny of theft they have been subjected to by this central banking cartel and will support the goal of repealing of the Federal Reserve Act of 1913 and replacing it with a constitutional system of currency backed by a gold, silver or bimetallic standard, thus returning our Federal governing bodies to fiscal responsibility. and transparency in expenditure The criminalization of fractional reserve banking would further remove the possibility of future boom and bust cycles, but that's another story.....
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After stripping out all the emotion-laden terms, there wasn't much left to read. In the U.S. Constitution Article 1, Section 8 gives the Federal Government the power to coin money and regulate the value thereof, and Section 10 prohibits the States from using anything but gold or silver as tender in payment of debts, there does not seem to be an insistence upon using any specific thing as the basis for “money” for ordinary citizens. What is the cause of your alarm? I'll try to track down the bills you cited.
Mr. Warrick and other readers, here is a link to read what is proposed by Representative Ron Paul. There seems to be a disconnect between what is said in the article and what has been proposed by Rep. Paul.
http://en.wikipedia.org/wiki/
Federal_Reserve_Transparency_Act
Perhaps there is something lurking deep in the bills, but I doubt it.
The Constitution grants the Federal Government the power to coin money, but the Federal Reserve is not a government controlled entity. It's a private business and is about as federal as Federal Express. The purpose of HR1207 is to open up the books of the Federal Reserve so the American people can know where their money is being spent, thereby putting pressure on the government to keep the Fed in check (though I think many of us would like to see it disbanded). You're correct about Section 10 and how it bans the States from using anything but gold or silver, and that's exactly what the Fed is doing. The money that they print is no longer backed by gold and silver, but is instead backed by nothing. They print money at will, thereby creating more debt to the government and the people (the Fed loans the money they print to the government with interest). I think it'd be safe to say that one of the primary goals of the HR1207 would be to wake America up to this fact and DEMAND that something be done.
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