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Published on May 22, 2009
Detroit, MI - A grassroots network of activists had a protest outside of Detroits Federal Reserve Building this Saturday, November 22. The protest began at two PM and lasted for at a couple hours. Protestors not only called for an end to the Federal Reserve system, but also be called on their representatives in Congress to support H.R. 2275, Federal Reserve Board Abolition Act.
The last leg of the event included a March to the Eastern Market where the message could reach more people.
On the night of November 22, 1910, a group of bankers met at an elite resort at Jekyll Island, Georgia. So began the dark conception of the Federal Reserve System, which many economists argue is responsible for devouring the political and financial wealth of America. The U.S. Dollar has seen a better than 98% decline in its purchasing power since that time.
G. Edward Griffin summarizes here: The purpose of this meeting on Jekyll Island wasto come to an agreement on the structure and operation of a banking cartel. The goal of the cartel, as is true with all of them, was to maximize profits by minimizing competition between members, to make it difficult for new competitors to enter the field, and to utilize the police power of government to enforce the cartel agreement. In more specific terms, the purpose and, indeed, the actual outcome of this meeting was to create the blueprint for the Federal Reserve System. From The Creature from Jekyll Island by G. Edward Griffin On November 22, 2008, ninety-eight years later, End the Fed! will announce the initiation of a grassroots, unfunded, transpartisan citizens movement for Sound Money with rallies at every Federal Reserve Bank and office in the country. Activists will demand an end to private banker control over the nations money supply and the return to a hard, commodity backed monetary system. Their slogan is simple and direct: End the Fed! Sound Money for America!
End the Fed! activists believe that the Federal Reserve Bank, through its inflation of the money supply and the distortion of free markets resulting from its intervention, is responsible for the current financial and economic crisis. They also hold that the current round of bailouts and federal government nationalization of large segments of the financial sector further inflates the US dollar and disrupts the proper functioning of the markets and will ultimately serve to plunge the nation into an even more severe crisis, quite possibly even into a serious depression.
End the Fed! supports the passage of Representative Ron Pauls legislation which would repeal the Federal Reserve Act, H.R. 2755. More recently, Ron Paul has introduced HR 1207 "the Federal Reserve Transparency Act." This act has (as of today) 175 co-sponsors.