BTW Nogames, in response to you asking where i am getting my information, you proved me wrong. This is at least to some extent. Most private banks, providing they circulate more money than debt, aren't harmful. The central bank is the single most harmful aspect to our economy.

However, the banking laws must be changed. You know the whole 9 to 1 ratio? Banks should only be allowed to lend what it has in reserves. The idea that they can type $10,000 in their computer, and print out a check to someone in that amount, when they only have $1,000 in actual money, is a hazard.

A foreign bank charging americans interest is harmful to the american economy as i'm sure you'd agree.

So banks aren't harmful providing the people profiting from the interest spends it, the banks aren't foreign, they switch to a 1 to 1 ratio when loaning money, and there is no central bank allowed.

A lot of the information i have can actually be sumed up in a video on youtube. Actually there are five that are quite entertaining.

Here is the link:

http://www.youtube.com/watch?v=cy-fD78zyvI

Another thing you can do is bounce certain information off federalreserve.gov. Google "Fractional Reserve System" as well.

Yes, Drivinmenuts, you are right that the current system is all wrong. The thing is, it was specifically designed and put in place to make Americans poor, and to eventually ruin the American economy, and with it, the whole meaning of America.

More than that, it is illegal, but it has been masked as being legal, by making FED a private bank, so that "the state" does not issue "anything by silver or gold in payments of debt".

Andrew Jackson with Van Buren did destroy this system once already, for which Jackson has been put on a 20 dollar bill, to make him turn in grave.

You look like a guy who wants to know what is going on.

If you think you are ready to see how deep the rabbit hole goes, (but you will not be happy once you know), I can suggest this to you:

"What Has Government Done to Our Money?" by Murray Rothbard:
http://www.mises.org/books/whathasgovernmentdone.pdf

Gary North has written a very nice and easy introduction to this, "Mises on Money": http://www.lewrockwell.com/north/mom.html

Finally, if you ever finish these two, and want to know more, then everything there is to know about economics (real, not b.s.) you can find in George Reisman's "Capital, a treatise on economics" : http://www.capitalism.net/Capitalism/CAPITALISM_Internet.pdf

You know what this is, right? It's the ultimate red pill. Think twice before taking it, for it is true, the ignorance is bliss.

I'd like to add that Thomas Jefferson also destroyed the first attempts at this system. He, Andrew Jackson, (i heard Abraham Lincoln), and John F. Kennedy also tried to do away with it.

5 months before he was killed JFK signed executive order 11110, which, bypassed the federal reserve bank. This order, although signed, still isn't in practice.

Good post.

Funny, but FRNs (Federal Reserve Notes) are not legal (their status as legal tender), and we do not have to use them.

We prefer to use them for two reasons: absolute ignorance to our history (even if an interest is placated by participating in re-enactions, etc.), and lack of desire to earn what we have (we have to earn gold, but we only need to be alive to receive FRNs).

What I am saying here is that we could fix this tomorrow, if we really wanted to. But we won't fix it, and we will let the America lose it's markets, freedoms, economy. We will do that because the majority of Americans do not give a fucck.

Those who do not have a desire to earn and are ignorant against their best interest, are always erased by the nature, and we will not be an exception.

Unfortunately the Average American isn't in the position, if he/she isn't ignorant, to demand that the jobs they hold pay in real hard assets (Gold, Silver, Copper)

Giselle the SuperModel can demand she no longer be paid in dollars, but I assure you that if I go to my boss at Walmart and do the same, I'm either gonna get laughed at or fired... maybe both in this economy.

However this is the first step to solving our financial problems.

End the Fed

Ron Paul
Thursday, Feb 5, 2009

Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, H.R. 833.

Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.

With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America’s exports or the low rate of savings should be enthusiastic supporters of this legislation.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.


Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve.

According to Dr. Paul, he is actually getting congress members to side with him at a steadily increasing rate. The is probably why the house republicans are starting to vote these horrible plans down...

If the people say they want gold money, it will be here tomorrow. Remember, the politicians are whores, and they can also be hung.

The problem is that the people don't want to know, they want to go the easy way, the short term.

Also, many are realize that the paper money is the only way to get the wealth of others. So, they understand, that with gold money, they will either work or die.