streets to demand the public arrest of the Morgans, The Rockefellers and the Rothschilds! and the arrest of Congress and the president for treason as well and get new elections with new fresh faces...is time to end the feds and bring freedom and the constitution back to the people of America ...no more federal reserve !
End the Feds !…
I know that the people who are participating are well-meaning, but through my research I find that it is likely that the Devil and those who serve him are up...
Public sentiment has shifted-- against the trends of Washington and Wall Street-- and now, against the private Federal Reserve bank which controls or influen...
Ron Paul speaks at the Nexus Conference in Aspen. 'Upon opening remarks the audience erupted into chants of #EndTheFed. A good day.' - Erik Voorhees BTC Addr...
ershoes keeps an eye on some of its bullion. Congressmen once sent an investigator to its vault to ‘check it was there’
It is an unlikely rallying cry. At marches and meetings against big government across the US, where some placards damn the president, others bear a catchy slogan: “End the Fed”.
Even Ron Paul can hardly believe it. Aged 74, fresh from a quixotic run for the presidency last year, the Texan Republican’s pet subject is winning a rash of converts. His book, also called End the Fed, is riding high in the bestseller lists. In it, he writes with delight about students in Ann Arbor, Michigan, chanting the phrase and burning dollar bills in the college quad as they discussed the crimes of the Federal Reserve.
That was before the financial crisis. In the aftermath, the signs and slogans have become more widespread, the anger more vitriolic. “It’s understandable,” says Mark Zandi, chief economist at Moody’s Economy.com and an adviser to John McCain during his presidential election campaign. “Many Americans have been put through the proverbial wringer and they are suffering and they are confused and they are upset.”
In Congress, too, the ideas of a tiny minority obsessed for decades with curtailing the power of the nation’s central bank have been supplemented by criticism from the mainstream. “It has become known to many Americans and congressmen that the Fed is more intrusive than we imagined,” offers Mr Paul by way of explanation.
For Mr Paul and his allies, removing the Fed would end almost a century of rule over the economy by an undemocratic institution that has weakened the dollar and stoked inflation. For most economists, “ending” the Fed – or just compromising its independence – could rock financial markets just as the bank weighs up when to tackle the feat of withdrawing the large unconventional stimulus without choking off recovery but before driving up inflation.
The Fed itself has argued that any whisper of political interference with monetary policy will drive up long-term interest rates and cost “current and future generations” of American taxpayers dear in higher costs of servicing the large national debt. Ben Bernanke, who has presided since 2006 over a network of 12 regional Fed banks, approaches a confirmation hearing expected in the next few weeks for a second term as Fed chairman with an unwelcome list of political problems adding to his duties in helping breathe life into an uncertain economic recovery.
A bill from Mr Paul to audit the Fed has more than two-thirds of the House of Representatives backing it. The Texan’s motives are not as nuanced as “audit” suggests – this is only the “first step” to the eventual abolition of a menace. “They can print money out of thin air and serve special interests,” he says. “It’s central banking that causes economic bubbles.”
It is certainly true that the most recent bubble, its bursting and the Fed’s actions in the aftermath have inspired existing critics and recruited new ones. Their first charge is that interest rates under Alan Greenspan, Mr Bernanke’s predecessor, were kept too low for too long, contributing to a bubble of easy credit.
Source and more on the Financial Times, October 7 2009
By: Tom Braithwaite…
Added by Anti Oligarch at 1:20pm on October 10, 2009
Insolvent Fed Decision To Cause Massive Market Moves
16 December 2013, by Eric King (King World News)
James Turk: “The Federal Reserve’s next FOMC meeting is being held this week, Eric, and it promis
Added by guest_blog at 1:31pm on December 17, 2013
ted. Paul's bill to audit the Federal Reserve advanced in the House on Wednesday, and the lack of transparency and shady policies have many pushing for an inspection of the Fed. Lew Rockwell, chairman for the Ludwig Von Mises Institute, joins us with more.…