“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.
November 2nd, 2009 at 7:07 pm
Audit the Fed bill H.R. 1207 which has over 300 co-sponsors in the House, was 'gutted' in committee by Rep Mel Watt D-N.C. http://www.wnd.com/index.php?fa=PAGE.view&pag... . Yes it's time to 'End the Fed' and abolish the 16th Amendment with the Fair Tax http://www.fairtax.org/site/PageServer
November 3rd, 2009 at 12:04 am
Lyra – while I understand the interest in the fairtax – I don't see the good of it. Simply giving the politicians a different way of funding their unconstitutional activities isn't going to change anything. What about striking at the root instead? Meaning, violations of power…not spending our energies on giving them new ways to pay for it…
November 3rd, 2009 at 9:12 am
Michael – I agree with you, we need to strike at the root – End the Federal Reserve – the Federal governments unconstitutional power and activities (and Abolish the Income Tax and IRS) the Fair Tax will do that (see Fair Tax link) http://www.fairtax.org/site/PageServer?pagename=a...
November 3rd, 2009 at 9:23 am
Michael – I agree with you, we need to strike at the root – End the Federal Reserve – the Federal governments unconstitutional power and activities (the Fair Tax will abolish the Income Tax and IRS see link http://www.fairtax.org/site/PageServer?pagename=a... )
November 3rd, 2009 at 9:04 am
Like I said, Lyra – I’m interested in reducing the size of government, not just finding a new way to fund it. FairTax advocates often refer to the ability to generate even more revenue, and when they’re not, they’re simply talking about replacing the IRS with a new bureaucracy. Hardly worth my time.
With that in mind, any thoughts on this article itself? Or, were you just stopping by to post a link?
November 4th, 2009 at 9:32 am
A Constitutional America is a Profitable America.
November 5th, 2009 at 9:07 pm
It sure is, Mark – more free, more prosperous. I think it's a fantastic slogan!
November 6th, 2009 at 5:10 am
Lyra: There is no such thing as a "fair tax" since it is theft by government and for ever after subject to constant increases in the rates. Just like the income tax which originally was to be a "1 percent tax on net personal incomes above $3,000 with a 6 percent surtax on incomes of more than $500,000." Now look what we have. Better to just stop at eliminating taxes completely and ending the IRS as well as the Fed.
While we are at it we should get rid of the FTC, FDA, DHS, etc.
November 6th, 2009 at 9:17 am
All private interests, all local interests, all banking interests, the interests of individuals, everything, should be subordinate now to the interest of the government. In other words, without The Fed it's too difficult for the government to be a god on earth and the absolute ruler of us all and the source of all of today's so-called rights dolled out as privileges. Trying to get the average person to wrap their minds around this issue is no simple task and is perhaps impossible without them first enduring some kind of hardship or pain, even then, those who love their government more than their own children will find it impossible to conceive of a life without the caretaker. The demoralization process is complete, 9/11government is a religion now, the former ways of freedom are hearsay. Keep trying I guess.
November 6th, 2009 at 2:16 pm
How about abolishing all federal and state taxes, repealing laws as required, reduce spending to constitutional levels, and providing the federal and state governments with funds to support this reduced size with low UNIFORM tariffs at state and national borders?
November 6th, 2009 at 2:30 pm
If one is in favor of the so called "fair tax" they have no understanding of the evil of central banking (the fed). The income tax is a twofer for the feds: 1. it pays the interest to the private central bankers; 2. it guts the Bill of Rights. The Founders limited the sources of income of the federal government for a reason — so it wouldn't become a tyranny. No disrespect, but if you are a "fair tax" supporter, you have no understanding of the banking and financial system. I suggest a good place to start your education is with Ron Paul's, End The Fed.
November 6th, 2009 at 7:59 am
Dear Brothers and Sisters, Sons and Daughters of Liberty,
There are only two types of human beings.
One type just wants everyone to leave everyone else alone and these humans are students and advocates of the Philosophically Mature Non-Aggression Principle.
The other type refuses to leave others alone and these humans are the Mobocracy Looter Minions with their hords of bureaucrats, jackboots, and mercenaries that perpetuate the perpetration of the loot and booty gravy-train. Rob-peter-to-buy-paul’s-vote bread and circuses of the doomed Amerikan Empire.
You are either the one…or the other.
The John Galt Solution of Starving The Monkeys is the only solution. Stop funding and forging your own chains and shackles. What are you leaving for your children and grandchildren and prodigy!?!
The Mobocracy Looter Minions must be allowed to consume everything around them, then each other, and finally themselves. There is no other way. Ayn Rand wrote about it over fifty years ago and it rings as soundly today as it did then.
Get your copy of Starving The Monkeys by Tom Baugh today, before the book is banned and the author is hunted down and Vince Fostered!
Sincerely,
John and Dagny Galt
Atlas Shrugged, Owner’s Manual For The Universe!(tm)
http://www.starvingthemonkeys.com/
http://voluntaryist.com/fundamentals/introduction.php
.
November 6th, 2009 at 4:32 pm
The Khazars will never allow the Federal Reserve Banking System to end peacefully. They own the White House, the Congress, and the federal bench. How do you get around that? First, you would have to amend the U. S. Constitution, to end it, much like prohibtion, and the end of prohibition. The difference is, the Khazars would not lose control of the money supply, with the beginning/end of prohibition. No politician, in Washington, or in your hometown, is going to take on the House of Rothschild, simply because he/she cannot win. All the presidents, seven in total, who tried to buck the House of Rothschild, were either shot to death, or poisoned to death. More importantly, the House of Rothschild got away with it unscathed. They have started wars, killed any number heads of state, and made trillions of dollars, as the result of their manipulation. This cartel is unbeatable.