“Nationalize as much as possible, even the currency, so as to make men love their country before their states. All private interests, all local interests, all banking interests, the interests of individuals, everything, should be subordinate now to the interest of the government.”
- Senator John Sherman (Brother of William Tecumseh Sherman)
The elimination of the Federal Reserve System is an essential element in recapturing states’ rights, stemming economic growth for all to benefit (instead of just the elite) and taking away the power of the federal government to print money out of thin air with nothing to back it up.
Reclaiming power over an entity that can create money to pay off those who protect it will be fruitless if we can’t take away the federal government’s power to print money on a whim. As long as this continues to happen, the government abuse of power and the treading upon the 10th Amendment rights of the states will continue.
Study the U.S. economy after Andrew Jackson vetoed the reauthorization of the Bank of the U.S. (the Fed of its day) up until Lincoln.
In looking at this, you must exclude the 3 years following the veto in which the BUS, playing their last card of desperation, caused a panic by contracting loans and ceasing loans throughout the banking system.
You’ll find that once the BUS (the Fed) lost its control, that prosperity flourished for individuals. The economy experienced great growth during this time when the government was lacking the power to intervene.
Read End the Fed by Ron Paul and you will understand that things can become a whole lot better for America.
Latest posts by Jason Fleshman (see all)
- End the Fed and Restore the Powers of the 10th Amendment - November 2, 2009