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| So you think Trump wants to get rid of the Fed? |
| 2019-10-06 |
| [Renew America] Yes he does. The Federal Reserve System is collapsing due to the inherent instability of a monetary system, not based on gold & silver, but on the Fed's "right" to create "money" out of thin air [1] which it then lends to the US Treasury (and is added to the national debt),[2] in order to fund the federal government's massive, grotesquely unconstitutional, and out of control spending. This process of allowing the Fed to create "money" out of thin air with nothing behind it has been going on since 1933, when the promise (set forth in §16 of the Federal Reserve Act of 1913) to redeem Federal Reserve Notes in gold was revoked as to domestic holders;[3] and culminated during 1971, when redemption of the Notes in gold to international holders was also suspended.[4] Once the statutory promise to back Federal Reserve Notes with gold was rescinded, the sky was the limit on how much fiat "money" the Fed could create, lend to the US Treasury (and be added to the national debt), in order to fund still more massive, grotesquely unconstitutional, and out of control spending by the federal government. Now we have reached the point where the federal deficits are so huge and increasing at such a furious pace that our entire fiat "money" financial system is coming apart.[5] So what are we going to do about it? Does Trump want to get rid of the Fed so we can return to the constitutional money system described in Point 2 below? Trump may say that he wants to return to the gold standard;[6] but the USMCA "Trade Agreement" he signed doesn't do that. The Globalists' Plan, which is advanced by USMCA, is to ratchet up the fiat "money" system created by the Federal Reserve Act of 1913, from a national to a global level with a central bank and the International Monetary Fund (IMF) managing and enforcing an international monetary system. And as Edwin Vieira, Ph.D., J.D., warned 8 years ago [here]: |
| Posted by:Besoeker |
| #6 Kennedy tried bypassing the Fed. He authorized the printing of United States Notes instead of Federal Reserve Notes. You can find them at bill collectors. He was assassinated shortly thereafter. |
| Posted by: Herb McCoy 2019-10-06 15:11 |
| #5 If the government only did what it's Constituted to do taxes would be a pittance and could be extracted equally from all (flat tax). An excellent side effect of that is it would attract a better, more honest type to public service. |
| Posted by: M. Murcek 2019-10-06 13:15 |
| #4 ...you also pay your taxes in Fed induced inflation*. Both direct and indirect taxing reduces the value of what the worker takes home in pay. *Printing money or putting base metal into coin, the old term is debasing the currency. |
| Posted by: Procopius2k 2019-10-06 11:31 |
| #3 You can pay your taxes in Dollars. That is a form of base. The problem is that the taxes are based on earnings not on the government products we call Title (copyright, patent and Land etc). |
| Posted by: Bright Pebbles 2019-10-06 07:23 |
| #2 The Fed was intended to end the cycle of 19th Century crashes. Instead its presided over 2 depressions (covering the last one with fancy accounting and reporting tricks). A good portion of that collapse was due to the government not enforcing the rules and regulations already on the books. It was further exasperated by government interference into the housing market by making banks and lending institutions put out bad mortgage paper to unqualified individuals, all in the name of 'social justice' not hard (30s learned) financial standards. Now Alexander Hamilton was around long before Karl Marx. In the last collapse, we should have rechartered his Bank of the United States and absorbed all the failed banks and institutions instead of having a fire sale of their assets and have the taxpayers taking on their debts. |
| Posted by: Procopius2k 2019-10-06 07:19 |
| #1 Good. About fuckin' time, actually. |
| Posted by: Raj 2019-10-06 06:15 |