Ending the Fed From the Bottom Up

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Ending the Fed From the Bottom Up

September 20th, 2011

FAKE NEWS for the Zionist agenda

William Greene
Tenth Amendment Center
September 19, 2011

Since its inception, the U.S. Federal Reserve’s monetary policies have led to a decline of over 95% in the purchasing power of the U.S. dollar. As a result, there have been several attempts to curtail or eliminate the Federal Reserve’s powers (for example, the efforts of Rep. Louis T. McFadden in the 1930s; the efforts of Rep. Wright Patman in the 1970s; the efforts of Rep. Henry Gonzalez in the 1990s; and the efforts of Rep. Ron Paul since the 1990s); however, none have proven successful to date, due mainly to the constraints of strong political opposition at the national level.

In contrast to these attempts at the national level, a paper I recently presented at the Mises Institute’s “Austrian Scholars Conference” proposes an alternative approach to ending the Federal Reserve’s monopoly on money: the “Constitutional Tender Act,” a bill template (first introduced by Georgia State Rep. Bobby Franklin) that can be introduced in every State legislature in the nation, returning each of them to adherence to the U.S. Constitution’s “legal tender” provisions of Article I, Section 10.

3 Responses to “Ending the Fed From the Bottom Up”

The FED is in the process of shooting itself in the foot right now. The question is whether or not we will all help it stand up when they issue a new currency. If I were to make a wager about it I would bet against US.
why no comments?? This is the biggest problem in America…debt based money is the root of all evil…
- Gold, being a non-performing asset, requires usury to generate a return. Plus gold is the historical root of fractional reserve lending.
  
  Going back to gold won’t help. The solution is separate government and private money supplies per Matthew 22:16-22 (“Render to Caesar …”). That would break the money monopoly for private debts and require (by market pressure) that those with capital “share” wealth with the population rather than reap it from them.