Posted on 06/18/2007 7:12:19 PM PDT by BlackJack
H.R. 2755: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve...
To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
(Excerpt) Read more at govtrack.us ...
Quote from jefferson:
“If the American people ever allow private banks to control the issue of our currency, first by inflation, then by deflation, the banks and the corporations that will grow up will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing of power should be taken from the banks and restored to the people, to whom it properly belongs.”
What a fool. He’s making a joke of himself, and he’s the only one who doesn’t get it.
Only problem with that is that "the people" means Congress. They got us surrounded.
Doing the same thing over again expecting different results=insane.
who is he? What’s his last name? (snort)
Didn’t Andrew Jackson do pretty much the same thing towards the end of his presidency? Killed the Federal bank, but it made no difference, or just wasn’t the threat that he believed it to be?
RuPaul PING!
Wish he’d after the I. R. S.. That would be a better target.
Right, because, I mean, we need a federal agency to set the price of money. That jives really well with the rest of our "conservative" beliefs.
There, fixed it.
Really, since I don't see any other Congressmen proposing this, I'd say he is the only one who understands the big picture.
I support his allegiance to the constitution and his patriotism. His bill should make for interesting debate...that is if Republicans don’t pull a liberal tactical maneuver and kick him out of the debates. Many freepers certainly could learn something about the constitution from him.
After the third glass of wine, your post is pretty funny. Thanks.
>>What a fool. He’s making a joke of himself, and he’s the only one who doesn’t get it.<<
I’m glad Ron Paul is up front about this kind of thing. He talks such a good game and brings so many good issues into discussion that if he concealed the nutty finance and isolationist international ideas he might get elected.
I'd suggest you read a bit more. Start with Whatever Happened to Penny Candy? Next pick up the Anti-Federalist Papers, then Bastiat, and continue on through von Mises, Chodorof and Rothbard.
You’re the only one that doesn’t get it. :o(
May your chains rest lightly...
Abolishing the fed would be the greatest thing that could happen to this country. Don't condemn a decent man for calling attention to congress' Treason.
Problem is, Paul doesn’t seem to have a clue about the Fed is organized and run.
He claims that: In addition, the Federal Reserve, our central bank, fosters runaway debt by increasing the money supply — making each dollar in your pocket worth less. The Fed is a private bank run by unelected officials who are not required to be open or accountable to “we the people.”
The only problem is that the Fed is not private. While it is a quasi public-private organization, the 7 members of the Board of Governors are appointed by the President and confirmed by the Senate. The Federal Open Market Committee, which is the key tool with respect to monetary policy is a 12 member group, consisting of the Board of Governors, the President of the NY Fed, and 4 other Fed Presidents on a rotating basis. Thus, control is ultimately in the hands of the Government appointed Governors.
Further, since the Fed was created by an Act of Congress, they could be abolished with a simple stroke of the pen.
Please, I just hope no one spouts the garbage about the Fed hoarding all the profits they earn on their Treasury buying, selling and interest earnings...
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