End the Fed on International PressTV!

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Uploaded by on Nov 23, 2008

End the Fed on International PressTV!

Protesters across 38 cities in the US have called for the end of the Federal Reserve, which they blame for the current economic crisis.

Trey Houchens, an organizer for the group, 'Restore the Republic', was demonstrating in front of the Federal Reserve building in Washington and told PressTV that the Federal Reserve is an institution that has been stealing our prosperity.

Protestors said that if the Federal Reserve continues to spend and regulate credit at the present rate, the American economy will collapse.

Another protestor told PressTV's Jihan Hafiz that Fed chief, Ben Bernanke, held a gun to our head, asking for the bailout anything that he says will make the market go down. Its just outright theft.

Bernanke, along with treasury secretary, Hank Paulson, was the key architect behind the $700 billion bailout bill that was passed in October. Many criticized the controversial bill for handing US taxpayer money back to the same financial institutions that caused the current financial turmoil in the first place.

There were also demands that control of monetary policy be returned to Congress, and not left in the hands of an unelected and 'unconstitutional' private organization.

We have to wrestle that power back from those private bankers, give it back to its rightful owner, the government, the people, said Gary Franchi, National Director of 'Restore the Republic'.

Looking forward, some protestors cast doubt on President-elect Obama's promise of change, pointing out his close connection to 'corporate America.'

http://www.presstv.ir/detail.aspx?id=76299&sectionid=3510203

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Top Comments

  • GOOD TO SEE USA standing UP!

  • Join The Campaign For Liberty

    End The Fed !

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All Comments (24)

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  • There ain't no such thing as a free-lunch (TANSTAAFL).

  • central government regulations on economy, protectionism and control over money supply caused big crisis in 1873 and 1893. There was no central bank then, so that´s why i say removing central government planning on economy and currency is essential

  • End the Fed is not enough. Goind back to gold and remove central government regulations on economy is essential.

  • dan1e1070

    I just want to let you know that my Social Studies teacher went up to Boston and there was a very large rally to end the federal reserve.

  • Ron Paul baby. My interview starts at 0:50

  • 1 million signatures?? Where do I sign?

    End the Fed!!

  • we need 1 million signatures by january 22,2009. we need this!!1 Please get as many as you can . end the fed!!

  • I am prepared to goto War to restore my Constitution. We are sworn to protect our Constitution from both foreign and domestic enemies. The private non Federal Reserve is a domestic enemy.

    We officially declare War of the Private Federal Reserve Bank.

  • fav'd

  • They lowered the views again

    demons go to hell and leave us to be the way god wants us to be

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