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Congress, which passed the Federal Reserve
Act back in 1913, has never chosen to end the Fed. Why
not? Because ending the Fed would probably result in wild
economic chaos in the absence of a better plan to replace it.
To be honest, the Act is long and overrun with legalese and
therefore I have chosen not to read it, seeking instead to grasp the
cause/effect of Fed actions and powers upon our lives. Reading the
Act seems quite unnecessary to understanding how this system
disrupts the stability of our economy, our free markets, and our
very lives. Browsing around the www these
days, we see many many webpages, blogs and comments saying "End the
Fed". Congressman Ron Paul (R-TX), a good and outspoken man
with huge courage, seems the present designated leader of those who
so chant. On 15 June 2007 Paul introduced
H.R. 2755: Federal Reserve Board Abolition Act, which has been
pigeonholed in Committee, the next step, ever since, now almost
2-1/2 years later. This morning, Googling for "alternatives to
the Fed" brought only 15 returns, none in the past week, and only
one during the past month, which was a PDF file on
researching this matter, which I read and rejected because of
it's recommendations for more regulation and more government powers.
Obviously it will never get done this way!
By establishing and privatizing the Federal Reserve,
we can surmise that Congress hoped to absolve itself from blame and
responsibility for anything which goes wrong with the American
economy, e.g. the Great Depression of 1929. After all, the
President and Congress don't want to be blamed -- they want to
be re-elected! Pointing their fingers at the Fed helps save
their sorry butts! Thus for 95 long years, America
has been subjected to the Federal Reserve Bank juggling and
manipulating our entire economy, and forcing us all to endure
continuous and repetitive disruptions causing recession, depression,
boom and bust.There is also much public
screaming about the Fed as a "Central Bank". I'm not at all
sure that the problem is a central bank per se, as good organization
tends to be more efficient. However, I am completely sure that
no central bank should ever be allowed to control the entire
monetary, and thus economic, structure of America, nor any other
country. Allowing this puts the bankers in control of your
life, that cannot be a good thing, as it has never been.
A key indicator of the failure of this current
system is the National Debt, shown in the header of our webpages.
At this moment exceeding 10.65 TRILLION dollars, divided by 300
Million people equals $35,511 for each and every person in America,
or $142,044 for your family of four. I am quite sure that
amount exceeds the average net worth of the typical American family.
This can mean only one thing, America's government is bankrupt, and
paying off this debt renders the citizenry also bankrupt!
So let's assume the falsehood that life goes on in
America, and that we somehow have time to correct before the
collapse. Okay, enough for introduction, so, moving right
along, let's identify the problems, their cause, and their possible
solutions. We need to keep in mind that such solutions are
available only thru Congress, and we have already seen their great
reluctance to change this Act.
(this is a page in-progress which
I will continue working on today and perhaps longer, until it is
finally completed. When finished we will be seeking your ideas
and input with our blogger section)
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