Operation: Repeal The Fed (End The Federal Reserve)

excerpt from Money Mechanics:
Who Creates Money?
The actual process of money creation takes place primarily in banks.(1) As noted
earlier, checkable liabilities of banks are money.
Imaging if Burger King was given the ability to receive a federal reserve money infusion: or Walmart, or Sears???
Why banks? if you cannot figure out that this is a fundamental problem you should rightfully exclude yourself from voting because your ignorance is causing problems for those that care.
This big banks are financing campaigns:
House financial Service Committee- Almost every member of that committee has received contributions
from these banks. The security and investment industry made 146 million dollar campaign contributions and commercial banks another 34 million dollar. They take your money to pay off politicians.
What do most people have to do to own a house? Work diligently for 30 years. What does Bank of America have to do to get the same house? just a bookeeping entry. You think i need a degree in Keynesian Economics to know the problem with this?

Anyone that thinks that we need a college degree in economics to realize the problem with the Federal Reserve needs to do more reading. I dont need to be an expert in economics to realize the fundamental problem with private banks having the ability to create money out of thin air. If i have to work for money to buy a house, why does a bank merely have to enter number digits in a computer to own a home. What kind of system is that? Private banks like Wachovia, Bank of America, Washington Mutual, can create money on the promise that someone is going to pay it back. This is a nightmare, and i am living a nightmare with this realization. If you want to know more about private banks creating money (part of the federal reserve system) read MODERN MONEY MECHANICS.

Robroy is right. The Fed has disabled our vote by eliminating any incentive our representatives have to listen to us. They get a blank check from the Fed, who gave them the money by auctioning off your future and mine and then sticking us with the bill, via the IRS which was created at the same time as the FED.

Get yourselves educated and look at how your power in this country "of the People for the People by the People" has been hijacked. It happened in a last minute before Christmas break in a secret session of Congress. When has ANYTHING been done that way that benefits you?

WAKE UP AMERICA! When have they ever not blamed you, the free market, for the problems, and when have they ever passed a single law, that made you free? NEVER. WAKE UP!

I think a few people on this blog who think they are some kind of economic geniuses need to go back to thier books and study some more of history of the Federal Reserve, it is a money Cartel that has a contract with the United States Government that must be abolished it not a part of our government it is an international money Cartel that between seven families controls one quater of all the world's worth. They have done this by enslaving the common people of the world especially Americans. The contract with this GREEDY and EVIL Cartel should be abolished. People need to study before spouting off about what they don't know.

We need a banking system no doubt, but not one with a misnomer like the Federal Reserve. We need a banking system that is owned and operated by the United States Government. Not one owned by a few families like the Rederal Reserve is. No one is saying get rid of the Banking system just get rid if the Federal reserve the way it is structured now. Let the Government run it and go back to the gold standard. Why should the American people and the governemt pay intest, late fees, printing etc to a few people when the government can own it and cut out the fat cats at the greedy thieves who prey on society for thier own gain. Study Jeykle Island meetings in 1933.

Your an economics student whats your take on these bailouts and who's bailing us out? We The People? Why are we bailing out corporations that have already failed! If we don't get to choose where we can invest our debts which you should never invest debts; concept reminds me of old mobster movies, why are we letting OUR government do this for us? Nations around the world are facing what we are - people are rioting in France after they got another bailout, Iceland is toppling... Why aren't we?

If this happened, we'd all be fucked. It'd be every man for himself.

i think the biggest problem is a bunch of idiots thinking the greatest thing we can do is dump the fed. do any one of you that think this is the greatest idea since chocolate milk hold a degree in economics? if not, shut up. it's like people who don't vote and want to trash elected officials. ask anyone who holds an economics degree or anyone who teaches an economics course what would happen without the fed or if we dumped it.

Wally 60 has it right. The Fed was named the central bank until 1933 then it became the Federal Reserve wich is a misnomer. Seven or eight people owned the central bank and thier families still own it but now we call it the Federal Reserve. It is a few familes making a fortune on the backs of the American Public and anyplace else they can turn a buck by charging intrest and penalties and printing costs etc. The Fed is not a part of the Federal Government and should be kept out of Politics after all my bank does not tell me how to run my life politically or otherwise. If they did I would do what some countries and small towns are doing, which is establishing thier own monetary system to avoid being governed by a banking system with no accountability to any one. No one can examine the Fed's book's I mean no one from the President on down. They are a completly secretive organization because they do not want you to know what they are doing and how much they are making on the backs of the American people. The amount of GREED is incredible. Protest the Fed and make them accountable and make them open thier books to accountants. Quit bullshitting the American people already and expose the leeches of society that prey on the American people. People like Rockerfella,, Leahman, Warburg, Rothschild and a few others who control the Federal Reserve and control the money supply. One day this entire system will come crashing down when these evil greedy people will loose power. I hope it is soon. End the atrocity now.

How many more reasons do we need to feed the "Invisible Hand" that works purely rewards selfishness and discourages deviant behavior like fairness, or teamwork or... "all men are created equal?" This is certainly becoming the "prisoner's dilemma" scenario.

“The one aim of these financiers is world control by the creation of inextinguishable debts.” - Henry Ford

Congressman Patman: “Mr. Eccles, how did you get the money to buy those two billions of government securities?” Eccles: “We created it.” Patman: “Out of what?” Eccles: “Out of the right to issue credit money.” - Testimony of Marriner Eccles, Chairman of the Federal Reserve Board, before the House Banking and Currency Committee, 1941

“Every Congressman, every Senator knows precisely what causes inflation…but can’t, won’t support the drastic reforms to repeal of the Federal Reserve Act because it could cost him his job.” - Robert A. Heinlein, Expanded Universe

“There is no more direct way to capture control of a nation than through its credit and money system.” - Phillip A. Benson, President of American Bankers’ Association, 1939

“Every circulating Federal Reserve Note represents in actuality a one dollar debt to the Federal Reserve system.” - Money Facts, House Banking and Currency Committee

“Every Congressman, every Senator knows precisely what causes inflation…but can’t, won’t support the drastic reforms to repeal of the Federal Reserve Act because it could cost him his job.” - Robert A. Heinlein, Expanded Universe

“Every effort has been made by the Federal Reserve Board to conceal its powers, but the truth is that the Federal Reserve System has usurped the government. It controls everything in congress and it controls all our foreign relations. It makes and breaks governments at will.” - Louis McFadden, Chairman of the House Committee on Banking and Currency

And about celebrities: Pitt and Jolie own their own private island in Dubai... and they promote alturistic causes? They ought first address the inhumane abuse of human rights in Dubai... hypocritical celebrities - paid way too much. Why live in the UAE?

The irony is that the UAE's soverignty fund is over $800 billion - the largest in the world and it is founded upon "equity" not "debt" - fo which such relevant wisdom could certainly be applied and upheld as capitalistic moralty - such as Islamic law requires.

i think the biggest problem is not the federal reserve in
itself the money has to come from somewhere.
the problem is that they control our own goverments
policys around the world.anyone who thinks our goverment pulls the strings is crazy the bankers own us!

I'm not quite sure if I understand the problem here. The only issues I see on the website are:
1. The Fed is private/ has a monopoly
2. Fiat money (nothing backing up the dollar)

As for the first fear, I'm not quite sure what the problem is. Could someone explain this without the assumption that the entire board of directors is corrupt? And as for the second one, do we really want an inelastic money supply? The entire point of the Fed is to strengthen the economy when it's weak and weaken it when it's too strong. This is to prevent the "boom and bust" kafkaesque mentioned. Nobody's saying that the Fed will abolish the economic cycle, that's not its job. But with the current deflationary fears, isn't the Fed hitting "print" a good thing?

Its called if you guys do win in "eliminating the federal reserve", this country will be way worse than it is now, not to mention the global economic state! Everyones economy is connected some how, now people want to mess with this chain of very unstable economical countries and remove our reserve, its ridiculous. People obviously have no education in this country, and I am ashamed!!!!! However, I do think it is wrong for banks and car companies to be asking for bailouts! Assholes, stop buying mansions and jumbo jets for your private use and use that money to freaking stop this crisis.

Big Brother is watching those who protest =p

Whether you protest it or not, we are so unimaginably far in the hole that there really is no looking back. Either this works or the system fails anyway. Even if we repealed the billions, it leaves in no better shape than with spending it.

If you really hate it that much, move to Russia... then again don't because they'll beat down anyone who isn't of Russian decent.

If the system does fail... I'd get ready to domestically fight off those who oppose the USA. Plenty of other countries that would love to see us fail.

Thanks to all those who don't just believe but know what is happening to our monetary system is fact. Our unborn children are bailing us out? Remind you of slavery? Don't defend that in which you do not know, defend yourself, your family, your children. Does $800 billion dollars seem like a joke on the average American pay rate? Is it money sent down from god as in which we trust? And in that fact, who are we trusting... I think another $800 billion dollars would be WORTH looking into as a citizen responsible for it's reimbursement. Not just my money, yours! This isn't radical, what it is in protest and repeal of is radical!

Really, for everyone out there that thinks maybe this is a spook a conspiracy? Get real, this is real, without being offensive, all I can say is come on.. come on? Santa does not exist, it's time to grow up...

http://www.russiatoday.com/features/news/36658

all i know is since the fed we have lost 100% of the value of our dollar plus (only the dumb shits) all the gold was turned over to back our money,but now our money is neither silver or gold certificate transferable so... we have paper. who really owns the gold? where is the soft cushion?

Oh yeah, do "stars" have power or are they just objects?

I can't be a celebrity, because I'm not rich and famous.

Technically.

Yet.

Right?

Although I have been seeing a LOT of people wearing yellow ties as of late. And it's January.

I'm just saying, reason has a place in all arguments of freedom, and so we should make sure any system, much less the system that is trusted to run the world, use best practices.

I say, we build better margins on the human condition.

If this many people are upset, there must be something wrong right?

You know, I had this funny thought earlier after watching InfoMania. This country is in something of a media civil war at the moment. It's embarrassing.

And confusing as hell to be honest.

You've got a blue peacock on one side, and a red fox on the other, and CNN is quite proud of itself for being number 1, but I still have no clue what the f*ck is really going on.

Or do we?

Sorry for the abstract angle, remember, I'm a color, so none of this is even possible in the first place.

Spread the word indeed!

WOO HOO!!

spread the word!

Geez....doesnt anybody think for himself in todays society. Must everybody need a control freak to guide him through life. I remember when some christians ask atheist, what do you believe in, you must believe in some God, why must someone believe in something you caint see, feel, hear. smell, touch? Just a ficticious nothing. Why must American people be controlled by the wealthy bankers of Europe? In 1776 the Americans had decided to become independent of European influence. Many people both English and English Americans died fighting each other, for this independence. Even thought it was tthe Europewans who financed our war of indepemdence to makle a profit, it was nevertheless the intent of the people to be independent and follow their own rules of law. Why has the purpose of American idealism and independence become one of total defeatism? Has the Empire of Brussels finally gained full control and trashed the American dream? Are we to accept defeat and follow the laws of the worlds empirical leaders. Shall our allegiance be to a foreign flag. What happened to the history and the wishes of the founding fathers? I form one still believe in the ideals of The first President George Washington. I still hope that Americans will come to their senses and maintain the rights and liberties guaranteed in the Constitution of Thomas Jefferson and George Washington. The Constitution was something solid, something visible one could believe in. A reason to live a dream and not some fantasy. Maybe America has been infiltrated with a lot of Globalists hell bent on tearing down this republic, but if the people standby and let this happen they deserve the slavery they will inherit.

say what?

these are the same fools who want to stop all government funded projects even road construction and worship the private sector like an infallible entity.
stupidity at its most refined.

All right lets go back to the boom and bust cycles that left so many destitute and starving! Woo Hoo! Bread lines for all!

Do the people who come up with this garbage ever take a moment to read history or even follow their premises to their logical conclusions?

If we have to live in a bourgeois society, there must be a moderating control, especially when our corporate system is one in which the only moral behaviour of a publicly traded firm is sociopathic.

Halliluya ! As Henry Ford put it: "If the only business
which a business has is money, then it's got to be the poorest business of all ! " In a perfect world the only lenders would be the guys who make bagels, and not userers. Amen to that.