End The Fed Now


End The Fed Now

The most important thing we need to bring prosperity back to America would be to eliminate the Federal Reserve. Doing so would allow the federal government to quit borrowing money, reduce taxes and eventually pay off the entire national debt.
Instead of inheriting the largest debt in the history of the world, future generations would have a chance to prosper because they would not be forced to pay off the huge debt of previous generations.

The Federal Reserve is a massive debt machine, that has almost completely destroyed the value of the dollar and it has an horrible track record of incompetence. There are no good reasons to keep the present system in place. Our current debt based monetary system will inevitably lead to complete and total economic collapse. We need to make a change while we still can.

Right now, most Americans believe that the Federal Reserve is actually an agency of the federal government. The truth is that the Federal Reserve is about as “federal” as Federal Express is.
The Federal Reserve openly admits as much. The Federal Reserve stated in court that it was “not an agency” of the U.S. government and therefore not subject to the Freedom of Information Act.
So who does owns the Federal Reserve?
As the Federal Reserve’s own website says it is the member banks that own it….
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system. They are organized much like private corporations–possibly leading to some confusion about “ownership.” The Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The stock may not be sold, traded, or pledged for a loan; dividends are, by law, 6 percent per year.

The debt-based monetary system established by the Federal Reserve has greatly enriched the big banks and the people that own them. This has been at the expense of the American people. A private central bank should not issue our currency, set interest rates and run our economy. Instead we need to return control over the currency to the American people where it belongs. This system has for the past hundred years dragged America through pain and desperation. Most of the reason for systemic inflation, high taxes, bubbles and crashes are the fault of this money system.

About Commish Greg

I have had a life long love affair with the New York Yankees and baseball period. In my retirement I've discovered the hobby of sports game simulation through online gaming. I also have collected cards and memorabilia since I was 7 years old in 1961. I inherited from my uncle the collections starting from 1956 - 1960 and in 1961 I started my own collecting. I started an online league through Out Of The Park Development and their game OOTP16. The name of the league is the Alternate History Baseball League and it began in the 1954 baseball season when I and fifteen others held an inaugural draft and began the AHBL league in earnest. In my blog I will review the AHBL league and also mix some pop culture and historic events from real life. I hope you enjoy !
This entry was posted in Conservative, Empire, Finance, Liberatarian, Nanny State, Occupy Wallstreet, Opinion, Politics and tagged , , , , , , , . Bookmark the permalink.

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