Bill To Abolish the Federal Reserve Enters House of Representatives

Read the Full Text of H.R. 2755 – The Federal Reserve Board Abolition Act

“To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.” This legislation would help to restore the U.S. Constitution, which mandates that only Congress can coin money (Article I, Section 8, Clause 5), and that US debts be settled in silver and gold Article I, Section 10, Clause 1).

Andrew Jackson was the last president to stand up to the central bank and, against all odds, narrowly defeat it. He knew where to go to route out the corruption that eats at the very core of the nation.

Ron Paul is the Andrew Jackson of the 21st century. Americans are waking up to the reality of a privately owned central bank controlling a monopoly over the issuance of credit. The founders of America warned that private banks, possessing the powers of money issuance, would plunge the republic into tyranny.

H.R. 2755 to Abolish the Federal Reserve

Free Republic
Tuesday June 19, 2007

If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional 20%, where as the currency pays nobody but those who contribute directly in some useful way. Is it absurd to say that our country can issue $30 million in bonds and not $30 million in currency? Both are promises to pay, but one promise fattens the usurers and the other helps the people.” – Thomas Edison

“Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them but leave them with the power to create credit, and, with a flick of the pen, they will create enough money to buy it all back again. Take this power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this world would be a happier and better world to live in. But if you want to be slaves of bankers and pay the cost of your own slavery, then let the bankers control money and control credit.” – Lord Stamp, Director of the Bank of England, 1940

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit.

We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.” – Woodrow Wilson, 1919 (Referring to the Federal Reserve and the transition to a debt-based economy)

“The stock of money, prices and output was decidedly more unstable after the establishment of the Reserve System than before. The most dramatic period of instability in output was, of course, the period between the two wars, which includes the severe (monetary) contractions of 1920-21, 1929-33 and 1937-38. No other period in American history contains as many as three such severe contractions. This evidence persuades me that at least a third of the price rise during and just after World War 1 is attributable to the establishment of the Federal Reserve System… and that the severity of each of the major contractions – 1920-21, 1929-33, and 1937-38 – is directly attributable to acts of commission and omission by the Reserve Authorities… Any system which gives so much power and so much discretion to a few men, (so) that mistakes – excusable or not – can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic – this is the key political argument against an independent central bank… To paraphrase Clemenceau, money is much too serious a matter to be left to the central bankers.” – Milton Friedman, Nobel Prize winning economist.

Presidential candidate and Congressman Ron Paul (R-TX) introduced H.R. 2755 “To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.” This legislation would help to restore the U.S. Constitution, which mandates that only Congress can coin money (Article I, Section 8, Clause 5), and that US debts be settled in silver and gold Article I, Section 10, Clause 1).

This is the second time he has introduced legislation.

Given that one out of six Americans works for government (local, state and federal) or an organization/corporation that receives the majority of its revenues from government, it is easy to see why this news isn’t considered newsworthy for the mainstream press. Government workers are dependent upon the printing presses. Politicians certainly don’t want the dissolution of the Fed. They borrow money from the bankers and make your great grandchildren pay interest on the debt so they can “bring home the pork”. You did not participate in these loans, you receive no financial benefit from these loans, nor did you sign any contracts making you responsible for the debt, but you and future generations will be forced to pay until Congress dissolves the Fed or there is revolution. There is no other choice.

Similar Posts:

16 thoughts on “Bill To Abolish the Federal Reserve Enters House of Representatives”

  1. Once the soot and smoke molecules settle on the affected items, the harder or longer it would take to reverse the damage.
    A new method to completely halt this addictive habit of yours is the hypnosis system.
    Smoke coming from the tailpipe displays in one of three colors: blue, white, or black.

  2. Experimentera med andra kåtɑ tjejer, prova på nya sexställningar,
    känn kicken av hur spännande det är att Һa sex medd en kåt tjej du precis har träffat.
    När båԀɑ vet vad ni vill ɦa är det ingen іdé attt vänta,
    träffas direkt, prata om vad det är nni föredrar när det kommer
    till sex, vad ni har för sexfantasier och hemliga önskan och sätt igång med hett och helt villkorslöst sex hemma eller på någon offentlig plats.
    Vi har många medlemmar som är nyfikna, villiga
    och kåtа, träffa någon av ԁem redan idag.

  3. Like a pet owner, you may put your dog to work assisting you to shed weight.
    If you follow them, they can make a huge difference in your weight,
    how you look in your clothes and how you feel about yourself.
    Here’s another question, would you order the same food you order in the drive-thru that you
    would order if you had to park and walking into the restaurant, order in person.

  4. I do not know whether it’s just me or if perhaps everyone else experiencing issues with
    your site. It appears like some of the written text on your posts are running off the screen. Can somebody
    else please comment and let me know if this is happening to them as well?

    This could be a issue with my browser because I’ve
    had this happen previously. Appreciate it

    Stop by my webpage – healthy natural systems garcinia cambogia chews
    reviews []

  5. These patches not just suppress the appetite but also increase the metabolism of the body.
    You need to know exactly how you will get from where you are to where you want to be.
    By becoming chubby, your success are affected inside the workplace therefore.

  6. I’m amazed, I have to admit. Seldom do I come across
    a blog that’s both equally educative and interesting, and let me tell you,
    you have hit the nail on the head. The problem is something which
    too few people are speaking intelligently about.
    I’m very happy I came across this in my hunt for something regarding this.

    A website regarding modern technology: bluetooth audio receiver

  7. De ahí que que la versión más reciente de WhatsApp (aún no
    libre en la tienda Google Play, con lo que el archivo se debe descargar desde la
    página oficial de WhatsApp) tiene compatibilidad total con los relojes Android Wear, y por suerte no está limitada a permitir ver
    los mensajes en la pantalla del dispositivo.

  8. Thank you for every other informative blog. Where else
    may just I get that kind of information written in such a perfect manner?

    I have a challenge that I’m simply now operating on, and I’ve been at the look out for such information.

  9. Tiffany jewelry is always famous for its fine quality and exquisite designs.
    no one will withstand its beautiful charm patterns with shinning
    colors. Tiffany rings are the proof of your love which have the symbolic meaning of true

Leave a Reply

Your email address will not be published. Required fields are marked *