In 1908 Congress reacted to a panic and established the National Monetary Commission. Shortly after, a few rich bankers with last names of Rockefeller and Morgan along with a few others, got together and created the Federal Reserve Bank. Monetary Commission supported the Federal Reserve Act of 1913, which Congress approved.
"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
Thomas Jefferson (1816)
As you know, the U.S. dollar is losing value by the day. Our dollar is feeling the affects of the past 20-30 years. However, having Bush and Obama spend like its monopoly money, doesnt help things. This problem is growing by the day, as we are currently borrowing .50 cents on every dollar we spend. Didnt we learn anything from Roosevelt? The inflation storm is on the way. At some point we will max out our credit line and the Federal Reserve Bank will start printing more money. At some point, either we pay the high price of our elected Presidents spending habits or we leave a ton of inflations to our kids, and grand kids. How did Jefferson know?
Once we had a monetary gold standard that had every dollar backed by gold, which is how its written in our constitution. There is a movement to bring back the gold standard. The one question I would like answered is do we have any gold left in Fort Knox?
Austrian Economist Ludwig von Mises proposed the following process of monetary reform:
1. The Federal budget must be balanced and the government prevented from spending more money than it makes in taxes.
2. Total prohibition on the issuance of any additional money and credit by the Central Monetary Authority.
3. A 100% reserve requirement on all future deposits in the banking system.
4. The Federal government must be divorced from the monetary system.
5. All outstanding U.S. bonds must be redeemed.
6. A ratio will be established determining the set value of gold equivalent to one dollar.
7. The government will not be able to print additional money.
8. The Federal Reserve unable to perform monetary policy will become a figurehead and merged with the Treasury agency to maintain strict enforcement of the new currency.
The Federal Reserve cant be regulated. There is no oversight and there is zero transparency. The million or should I say Trillion dollar question is, who or what company has controlling interest of the Federal Reserve?
-JimJones
www*BorderlineIQ*com
"If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
Thomas Jefferson (1816)
As you know, the U.S. dollar is losing value by the day. Our dollar is feeling the affects of the past 20-30 years. However, having Bush and Obama spend like its monopoly money, doesnt help things. This problem is growing by the day, as we are currently borrowing .50 cents on every dollar we spend. Didnt we learn anything from Roosevelt? The inflation storm is on the way. At some point we will max out our credit line and the Federal Reserve Bank will start printing more money. At some point, either we pay the high price of our elected Presidents spending habits or we leave a ton of inflations to our kids, and grand kids. How did Jefferson know?
Once we had a monetary gold standard that had every dollar backed by gold, which is how its written in our constitution. There is a movement to bring back the gold standard. The one question I would like answered is do we have any gold left in Fort Knox?
Austrian Economist Ludwig von Mises proposed the following process of monetary reform:
1. The Federal budget must be balanced and the government prevented from spending more money than it makes in taxes.
2. Total prohibition on the issuance of any additional money and credit by the Central Monetary Authority.
3. A 100% reserve requirement on all future deposits in the banking system.
4. The Federal government must be divorced from the monetary system.
5. All outstanding U.S. bonds must be redeemed.
6. A ratio will be established determining the set value of gold equivalent to one dollar.
7. The government will not be able to print additional money.
8. The Federal Reserve unable to perform monetary policy will become a figurehead and merged with the Treasury agency to maintain strict enforcement of the new currency.
The Federal Reserve cant be regulated. There is no oversight and there is zero transparency. The million or should I say Trillion dollar question is, who or what company has controlling interest of the Federal Reserve?
-JimJones
www*BorderlineIQ*com
