END THE FED

Why end the Federal Reserve? Plain talk. No spin. See for yourself.

Category:

News & Politics

Tags:

• fed
• end
• economy
• collapse
• federal
• reserve
• fractional
• lending
• stimulus

[JesusDillinger]

Bill Still says Ron Paul is wrong about the Constitution authorizing only Au and Ag-backed money. He thinks because the Constitution forbids the states to issue fiat money, that leaves the feds permission to do so -- false.

10th Amendment forbids the Congress assuming powers not expressly granted by the Constitution. Further, States can only delegate to the feds authorities they themselves have. The states have not authority to issue fiat money, so they can't delegate such authority to feds.

[pjamesbda]

@JesusDillinger - Our government should be run bottom up, no argument. But the States legislates thru Congress and the Senate. If every State could issue money, we would have chaos and dissolution of the Union. There is a consensus to relegate the flexing of notes to the country by one body, and it makes the most common sense to structure it this way. What has gone terribly wrong are the administrators went to the crap tables because they are private banks.

The problem is WHO controls that

[JesusDillinger]

@pjamesbda I respect your opinion and trust your motives.

I didn't suggest money issued from each state, but now that you mention it.... It seems to me the issuance of state currencies would cause no problems of any kind. Centralization precludes competition, thereby guaranteeing corruption. A silver certificate representing 1/25000th oz. of Ag is worth the same as another. Am I wrong?

If money is pegged to a commodity, it can't be printed to finance an empire. Fascism loses, Constitution wins.

[pjamesbda]

@JesusDillinger - I'm always more than happy to look at new ways to make a currency based system work. But personally, I'd like to believe (and more importantly) live, in a resource based system. The management by merit mind set is deeply ingrained, as is the competition and elitist model, and as I age, I think more like Lao-tzu

The more laws and order are made prominent,

The more thieves and robbers there will be.

Lao-tzu, The Way of Lao-tzu

[pjamesbda]

Of course these suggestions leave out one very important issue: the ability of those who live off the efforts of others, both politically and financially, to continue in their usury practices. Your suggestion that making these changes would lead to chaos is based on the premise we aren't approaching complete chaos as a result.

.

History, I suspect, can teach us that the concentration of power destroys empires, and there is nothing in this world to stop it (except embracing it).

[JesusDillinger]

@pjamesbda lol that's not a very Confucian view.

[JesusDillinger]

@chotaboy66 Exactly! When one signs a mortgage or car loan, one is creating a negotiable instrument--money--and giving it to the "lender," who then loans it back at interest.

[chotaboy66]

0:45 So all of the banks dont create currency? Correct

They do create deposits by making new loans? Not so

The borrower REALLY creates deposits by a promissory note signed solely by the borrower which is a Asset Loan Contract,Financial Instrument,liability,Principal­,backed by the property value.Banks commit contract fraud,a lawful contract is signed by both party's "banks dont sign" ,Banks dont loan rather they launder & change then launder again which is really your labor or national wealth.

[enkelin32]

Countries have tried to get rid of Central Banking many times in History, It usually follows that there is financial panics and collapse with out a federal bank or some entity to pour in liquidity when necessary. These people are trying to reinvent the wheel and will lead to chaos.