posted February 27, 2009 11:36 AM            

Article I, Section 8, Clause 2. The Congress shall have Power…To borrow Money on the credit of the United States...Note, not the Federal Reserve.

Article I, Section 8, Clause 5. The Congress shall have Power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures...Note, not the Federal Reserve.

Article I, Section 10, Clause 1. No State shall…coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt...Note, Federal Reserve Notes are not gold or silver coin and are not to be constitutionally considered as a tender in payment of debt.

The Constitution grants NONE of the following powers to the Federal Government, the Federal Reserve or anyone else.

No power to print paper money

No banking powers or regulations

No mention of fractional reserve banking policies

No power to loan money – only to borrow

No power to create any paper currency regardless if it was redeemable in specie

No power to delegate non-existing Constitutional powers to private corporations

No power to grant charters of incorporation to banks

No power to form monopolies

No power to issue forced loans

No power to draw money from the Treasury, but in consequence of appropriations by law..i.e, acts of Congress.

From the Coinage Act of 1792...which is the definition of a "Dollar". You will find Federal Reserve Notes do not qualify as "dollars" regardless of the denomination this fiat currency states.

Section 9,...dollars or Units—each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenths parts of a grain of pure silver, or four hundred and sixteen grains of standard silver.”

This was to be the system of money..."the money of account for the United States". This money system cannot be inflated, cannot be deflated and cannot have it's value destroyed nor could those who held their savings in the money of account of the United States have the value of their savings destroyed by inflation or devaluation.

" “Banking was conceived in iniquity and born in sin. . . . Bankers own the world. Take it away from them, but leave them the power to create money . . . and with the flick of the pen, they will create enough money to buy it back again . . . Take this power away from bankers, and all great fortunes like mine will disappear, and they ought to disappear, because this would then be a better and a happier world to live in . . . But if you want to continue to be the slaves of bankers, and pay the cost of your slavery, let them continue to create money.” — Josiah Stamp, former president of the Bank of England"

"“The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. . . .

I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.

If the American people ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied.” — Thomas Jefferson"

" “If that mischievous financial policy, which had its origin in the North American Republic..**United States** (the public issue of usury-free currency) should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.” — Otto von Bismark"

" “The few who can understand the system [created by the National Banking Act] will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” — Rothschild Bros. of London, 1863"

"“It is well that the people of the Nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” — Henry Ford"

And finally, this; this which is in the process of happening in the present...today.

"The Fed is locked into this continuing credit expansion. It can’t stop. If ever bank lending slows . . . the game is up, and the scramble for liquidity starts. . . . The Fed will be powerless to stop a deflationary collapse once it starts.” — John Exter, Federal Reserve banker"

posted February 27, 2009 03:18 PM            

We saw Nancy, the Chimp who wrote the so called stimulus (Porkulus) bill jump to her feet, flap her arms and all but do a jig with every utterance of The One, The Marxist Socialist Messiah, O'Bomber.

The only thing missing in Nancy's Chimp performance was a banana...oh and she forgot to scratch herself.

posted February 27, 2009 10:57 PM            

the last time pluto was in capricorn was our first revolution. do you think we are beyond that now? i don't. i suspect all this hoha about obama or WHOEVER tries to do something about it will look pretty small in 20 years or so. and we may have a very trimmed down system of government and money or equivalent. devolution. but as always in times of emergency we will have to look out for each other and collecting wealth will not be uppermost on our minds.

posted March 04, 2009 11:03 AM            

Ron Paul is totally against the current...and past welfare state, he's against the Dept of Education among others. There is no authority for the Federal Government to tax citizens on their productive labor to spend money from the public treasury on any other citizen...nor to spend money from the Federal Treasury on any business or Corporation.

My views have been stated here often as well as the very first order of business to restore Constitutional government in the United States.

Repeal the Federal Reserve Act of 1913..which turned over the power to cause the printing of paper money and call that inflatable and deflatable fiat currency the money of the United States and regulate the economy of the US..to a private corporation...the Federal Reserve.

Repeal the 16th Amendment granting the power of the Federal Government to tax "income" from whatever source derived. Income, in the days in which the 16th Amendment was passed, was defined as "a gain or profit" and was intended to tax Corporation profits, i.e. the rich. In the following years, "income" was redefined..by the IRS to include salaries, wages, tips and any other payment for services rendered by anyone. BTW, an income tax bill passed by Congress which sought to tax the wages, salaries and productive labor of citizens was struck down by the US Supreme Court in 1893-1894 as Unconstitutional because it was a "direct tax"
and "unapportioned"...before the adoption of the 16th Amendment.

Repeal the 17th Amendment which authorized the direct election of Senators to the US Senate. Prior to the 17th Amendment Senators were appointed by the Governors of the various states and confirmed by the state legislatures. That was the point in history when we lost the Republic and the Republican form of government guaranteed to every state by the US Constitution. Senators were to "protect" the rights of the states from encroachment by the federal government. Most of the rights guaranteed to states by the 9th and 10th Amendments went south at that point..along with your own. Many states are now in the process of writing "state sovereignty bills" to reinstate state rights.

Ron Paul is a true Conservative but no one who would permit themselves to become dependent on government to supply their food, clothing, housing, medical care or any other necessity comes even close to being a Conservative. No one who is dependent on government to supply their basic necessities can lay claim to be "free" or anywhere near "free". One cannot be both dependent and free.

posted March 04, 2009 11:21 AM            

U.S. Rep. Ron Paul, who is seeking to abolish the Federal Reserve, has stepped up his attack, introducing an interim plan that would require the private agency to open all of its books for examination.

U.S. Rep. Ron Paul, R-Texas

Paul has pursued his plan to eliminate the Fed for years, arguing Congress should "reassert its constitutional authority over monetary policy."

The Constitution, he said, gives Congress, not the private Federal Reserve, "the authority to coin money and regulate the value of the currency."

Now he's introduced another new plan, to "reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported."

The new plan, H.R. 1207, may seem a little vague, but there was nothing left to the imagination when he spoke on its behalf in the U.S. House.

(go to the site and click the button to play the video clip) http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=90608

"Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar," the Texas Republican said. "Since 1913 the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserve's loose monetary policy.

"How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation," he said.

Paul called oversight of the Fed "long overdue."

"Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations," he continued.

"The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government-established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight?"

The legislative proposal, which has been referred to the House Committee of Financial Services and already has about a dozen cosponsors, would "achieve much-needed transparency of the Federal Reserve," Paul said.

Paul recently talked at the CPAC event about his concerns regarding the Fed. A video is embedded here: http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=90608

In his weekly online column, Paul also said the Founding Fathers intended "only gold and silver to be used as currency," but that long since has been abandoned in favor of a monetary system essentially orchestrated in secret.

"People are demanding answers and explanations for our economic malaise, and we should settle for nothing less than the whole truth on monetary policy," he said.

WND reported a few days ago on Paul's continuing effort to just abolish the institution.

Paul said every problem in the economy, "from the Great Depression, to the stagflation of the '70s, to the current economic crisis caused by the housing bubble," can be traced to Federal Reserve policy.

Paul's abolition plan calls for the director of the Office of Management and Budget to "liquidate" Fed assets "in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury."

Columnist and commentator Chuck Baldwin believes it's about time.

"'We've seen money go out the back door of this government unlike any time in the history of our country,' Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor. 'Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?'" he wrote.

"Senator Dorgan is exactly right. No one oversees the Fed. The Fed is held accountable to absolutely nobody. But Senator Dorgan (as with everyone else in Congress) has no one to blame but himself. Ever since the Marxist, E. Mandell House, convinced President Woodrow Wilson to create the Federal Reserve in 1913, the Congress of the United States has had virtually nothing to do with the way our fiscal policies are managed. The Fed (which is not even a government agency, but rather a private corporation consisting of mostly foreign bankers) dictates America's financial policies," Baldwin said.

Baldwin cites the U.S. Constitution itself. In Article I, Section 8, Paragraph 5, it states Congress has the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures."

Columnist Jacob Hornberger last year noted that while Paul's abolition plan is considered "wacky" by some, at least two Nobel Prize-winning economists have agreed.

Economists Milton Friedman and Friedrich Hayek called for the abolition of the Fed during their careers, Hornberger notes.

"While Friedman spent much of his life advocating externally imposed constraints on the Fed's power to expand the money supply, his first wish was to have the Fed abolished, as he pointed out in a 1995 Reason magazine interview. In his book, 'Denationalization of Money: An Analysis of the Theory and Practice of Concurrent Currencies,' Hayek advocated a free-market monetary system of competing currencies," said Hornberger.

posted March 05, 2009 09:40 PM            

I remember when I was working my arse off to pay $1145 in rent in a very nice apartment complex. Then out of nowhere, they started accepting Section 8 recipients. These recipients were paying $400 for the same type of apartment that I was paying $1145! Talk about PIS$ED!

Not only that, these lazy jokers were driving brand new Maximas and I a Ford Taurus! Where is the justice!

Now, I am all for helping those who genuinley need it. I mean, people who TRULY can't help themselves such as the mentally and physically disabled. Anyone else would get a negatory stamp on their "aid" application if I had any say in the matter.

I wish Ron Paul had a fair shot because I believe in MUCH of what he believes. I really wanted him to be taken seriously. When I heard his politics, I knew it was too good to be true.

posted March 17, 2009 06:20 PM            

Looks like more members of Congress are starting to get it too.

Push to audit Federal Reserve gains steam
Lawmakers join call to examine nation's money controllers
Posted: March 16, 2009
9:49 pm Eastern
By Drew Zahn

U.S. Rep. Ron Paul, R-Texa

A bill calling for the comptroller general of the United States to audit the private Federal Reserve is gaining momentum in Washington, D.C., as more and more representatives add their names to its bipartisan support.

As WND reported, U.S. Rep. Ron Paul, R-Texas, introduced last month H.R. 1207, the Federal Reserve Transparency Act of 2009, a bill requiring that an audit of both the Fed's Board of Governors and the Federal Reserve Banks be completed and reported to Congress before the end of 2010.

Paul was joined at the time of introduction by 11 other Republican and Democratic co-sponsors.

Since its introduction, 17 additional U.S. representatives have added their names as co-sponsors, bringing the total to 29 legislators seeking the audit.

Rep. Paul has been a harsh critic of the Federal Reserve, even seeking to abolish the private money-control system, arguing that Congress should "reassert its constitutional authority over monetary policy."

The Constitution, Paul said, gives Congress, not the private Federal Reserve, "the authority to coin money and regulate the value of the currency."

Paul explained his advocacy for the H.R. 1207 audit in the U.S. House:

"Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar," the Texas Republican said. "Since 1913 the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserve's loose monetary policy.

"How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation," he said.

Paul called oversight of the Fed "long overdue."

You've never needed to understand money like you need to understand it now! "Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free" unravels the deception of the Federal Reserve and presents a crystal clear picture of the financial abyss towards which we are heading.

"Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations," he continued.

"The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government – established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight?"

Paul said H.R. 1207, which has been referred to the House Committee of Financial Services, would "achieve much-needed transparency of the Federal Reserve."

Paul talked at the recent Conservative Political Action Conference, or CPAC, in Washington about his concerns regarding the Fed. A video is embedded here:

In his weekly online column, Paul also said the Founding Fathers intended "only gold and silver to be used as currency," but that long since has been abandoned in favor of a monetary system essentially orchestrated in secret.

"People are demanding answers and explanations for our economic malaise, and we should settle for nothing less than the whole truth on monetary policy," he said.

WND reported last month on Paul's continuing effort to abolish the institution.

Paul said every problem in the economy, "from the Great Depression, to the stagflation of the '70s, to the current economic crisis caused by the housing bubble," can be traced to Federal Reserve policy.

Paul's abolition plan calls for the director of the Office of Management and Budget to "liquidate" Fed assets "in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury."

Columnist and commentator Chuck Baldwin believes it's about time.

"'We've seen money go out the back door of this government unlike any time in the history of our country,' Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor. 'Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?'" Baldwin wrote.

"Senator Dorgan is exactly right. No one oversees the Fed. The Fed is held accountable to absolutely nobody," Baldwin continued. "But Senator Dorgan (as with everyone else in Congress) has no one to blame but himself. Ever since the Marxist, E. Mandell House, convinced President Woodrow Wilson to create the Federal Reserve in 1913, the Congress of the United States has had virtually nothing to do with the way our fiscal policies are managed. The Fed (which is not even a government agency, but rather a private corporation consisting of mostly foreign bankers) dictates America's financial policies."

Baldwin cites the U.S. Constitution itself. In Article I, Section 8, Paragraph 5, it states Congress has the authority to "coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures."

Columnist Jacob Hornberger last year noted that while Paul's abolition plan is considered "wacky" by some, at least two Nobel Prize-winning economists had the same idea.

Economists Milton Friedman and Friedrich Hayek called for the abolition of the Fed during their careers, Hornberger notes.

"While Friedman spent much of his life advocating externally imposed constraints on the Fed's power to expand the money supply, his first wish was to have the Fed abolished, as he pointed out in a 1995 Reason magazine interview. In his book, 'Denationalization of Money: An Analysis of the Theory and Practice of Concurrent Currencies,' Hayek advocated a free-market monetary system of competing currencies," said Hornberger.

posted January 16, 2011 06:42 AM            

Why is Ron Paul (excuse the pun), discredited, by seemingly many people?

Does this paper money mean that Americans, and anyone who lives in a country with a monetary system based on debit rather than credit, have considerably less credit than they believe they have...if any?

posted January 17, 2011 08:57 AM            

The Federal Reserve Act of 1913 is almost 100 years old. That means there are few alive who have not lived their entire lives under the debt/credit system established by the Fed. It seems very normal to most citizens.

The bankers have gained control of the medium of exchange with huge benefits to them. They have been loaning credit...and creating debt out of thin air and without the necessity to have "actual money" to loan or to back up their loans with any hard assets. So, they're all for it.

Politicians are being bought and have been bought by banking interests which have insinuated themselves into every nook and cranny of the US economy. The business community is really controlled by the bankers through the issuance of credit/debt to businesses to fund or extend their business interests. Businesses are large contributors to political campaigns. So, the bankers, business and politicans are intent on keeping the Fed operating.

Ron Paul is gearing up to audit the books of the Federal Reserve. In almost 100 years, no audit has ever been performed on the Fed books...but the legislation which created the Fed called for audits. That makes Ron Paul a very unpopular guy in a lot of quarters...those who directly benefit from the actions of the Federal Reserve.

The Governors of the Federal Reserve are so arrogant they refused to tell the Congress of the United States whom they had bailed out with the created out of thin air currency under TARP. But every fiat dollar they create becomes a debt obligation of the United States and American taxpayers.