USA — Federal Reserve 2 / 4

Posted by admin on August 9th, 2009 and filed under the new american oil boom | 6 Comments »

PlayList ALL Parts http://www.youtube.com/watch?v=JtBfgGR489M&feature=PlayList&p=DA0B1CB779A9AAC2&index=0&playnext=1
A Few Facts Every American Should Know …

Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy.
In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.

Some people think of the Federal Reserve Banks as United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.

From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a
recession or depression when the Fed-created bubble bursts.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state.

It is time for Congress to put the interests of the American people ahead of the special interests and their own appetite for big government.

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional
mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold.
Such a monetary system is the basis of a true free-market economy.

Duration : 0:10:59


[youtube TZTzFBT3w4E]

6 Responses

  1. bluejuice008 Says:

    The Fed is NOT …
    The Fed is NOT regulated by the federal government. Neither the Congress, nor the President can regulate it since it is not a federal agency.

  2. QIQrrr Says:

    Facts about The Fed …
    Facts about The Fed:

    1) Federally organized
    2) Federally regulated
    3) Federally funded
    4) Federal Instrumentality for State Taxes
    5) Federal Instrumentality for Service Contract Act
    6) Created by Congress
    7) Can be dissolved by Congress
    8) Board of Governors appointed by the President
    9) Chairman appointed by the President

  3. duckinmypants Says:

    The IRS is …
    The IRS is basically an organization of thugs who steal your money. The population at large do not know these facts. Watch Russo’s Freedom to Fascism, it speaks solely to the illegal taxation of the USA. This clip is from Zeitgeist, available on google in its entirety and is a really good documentary.

  4. OhMightyDollar Says:

    If there are no …
    If there are no laws regarding duties to pay Income Tax, then why are people being prosecuted for Tax Evasion??

  5. sabrinaworcester1 Says:

    Superb
    Superb

  6. lovergirl696969 Says:

    Ron Paul

    WTC 7 WTF
    Ron Paul

    WTC 7 WTF

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