Abolish The Federal Reserve Act of 1913

Discussion in 'Politics' started by hvactec, Feb 12, 2010.

  1. hvactec

    hvactec VIP Member

    Jan 17, 2010
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    New Jersey
    To: U.S. Congress

    This petition calls for the abolishment, by Congress of The Federal Reserve Act of 1913. To return all the rights and profits, from the creation of money to the rightful heirs, the citizens and the U.S. Government. It is outrageous that private banks and the FED can create our money and collect interest on it. If we must pay interest on monies created and loaned, let it be the United States of America that receives it, not some private interest.

    We have lost our freedom to the private banks that create money out of thin air and enslave the common man to a life of debt. If we are to be indebted let it be to our country and not the bankers.

    "The States should be applied to, to transfer the right of issuing circulating paper to Congress exclusively, in perpetuum." --Thomas Jefferson to John W. Eppes, 1813. ME 13:276

    "[The] Bank of the United States... is one of the most deadly hostility existing, against the principles and form of our Constitution... An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?" --Thomas Jefferson to Albert Gallatin, 1803. ME 10:437

    Following by Greg Hobbs
    What Is The Federal Reserve Bank?

    What is the Federal Reserve Bank (FED) and why do we have it?

    The FED is a central bank. Central banks are supposed to implement a country's fiscal policies. They monitor commercial banks to ensure that they maintain sufficient assets, like cash, so as to remain solvent and stable. Central banks also do business, such as currency exchanges and gold transactions, with other central banks. In theory, a central bank should be good for a country, and they might be if it wasn't for the fact that they are not owned or controlled by the government of the country they are serving. Private central banks, including our FED, operate not in the interest of the public good but for profit.

    Here Read more or sign the Petition Abolish The Federal Reserve Act of 1913 Petition
    Last edited: Feb 12, 2010

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