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Replacing the Fed

We are frequently asked: “If the Federal Reserve is abolished, what do we replace it with?”

ANSWER: There are a number of workable monetary systems that have been proposed by some of the world’s leading economists and financial experts that would solve nearly all of our fiscal problems quickly and simply if the Fed were eliminated.

A thorough discussion of the details of these systems is beyond the scope of this website. Many excellent resources are available for the reader to investigate and understand the problems with the current system and some alternative solutions. (See the links at the end of this section).

However, so as not to be accused of dodging the question, PatriotStorm would like to summarize some of the basic elements that each of the successful monetary systems has in common:

  1. First, it would be entirely transparent. The only reason for secrecy is to hide something. An efficient system working in the public’s best interest would have nothing to hide and its administrators would have nothing to fear.
  2. Second, it would be fair, sustainable and create an environment of prosperity for all. Numerous non-interest bearing systems at the federal and state level have been shown to be mathematically sound and would produce economies that were both sustainable and equitable.
  3. Third, it would not be based on debt with interest (Usury); certainly at the Federal level. Other systems go further and propose non-interest bearing systems throughout the entire financial system. This requirement is based upon the knowledge that any system that operates under a Usury principle is unworkable since it can be shown to be mathematically unsustainable.
  4. Fourth, it would have sufficient regulatory and audit controls built in that would identify any irregularities quickly and decisively and identify those responsible for the problem.
  5. Fifth, it would prohibit the practice of debt backed money at the federal level, returning the power of money creation to a new department of the Federal Government (We the People) established by Congress as enumerated by the U.S. Constitution Article I Section 8.
  6. Sixth, it would eliminate excessive or “toxic” debt and derivatives from the entire financial system, and restructure balance sheets to produce workable debt to income ratios. This could be accomplished by several mechanisms:
    1. Individuals and businesses could be credited with, or receive a refund of tax dollars or recover interest payments that would be used to directly pay down existing debt.
    2. All banks and financial institutions could be reorganized through a special bankruptcy procedure to eliminate unserviceable debt and derivatives. All banks will survive this process and will exit their bankruptcy with 10 to 1 fractional reserve ability, a level of leverage that is safe and will be capped by law.
    3. State balance sheets would be restructured and all states would create State Chartered Banks based on the successful model of the Bank of North Dakota. Additionally, these banks would assume the roles and functions formerly held by the 12 Regional Federal Reserve banks, thus decentralizing control but in a coordinated manner where all states would benefit proportionately and fairly.
    4. These State Chartered Banks would oversee and regulate the banking operations of the local banks operating within their state
  7. Seventh, it would ensure that the amount of money in circulation as measured by M-1, M-2 or M-3 would be adjusted based upon market conditions as measured by accurate and unbiased economic measurements and reporting. This would be achieved with 100% transparency in all data gathering and statistical methods, allowing the market to 'police' the government.
  8. Eighth, it would create effective controls that integrally monitor the overall money supply in relation to the cumulative prices of all asset classes. Such a system would essentially eliminate any measurable inflation and would self-adjust the amount of money in circulation.
  9. Ninth, if interest rates were allowed, they would be set by the free market. This means no more long term inflation or deflation.
  10. Lastly, it would prohibit special interest money from contributing to political campaigns. This targeted political reform is necessary to keep the political system functioning for those who it is supposed to serve. Without this cornerstone to the reform, history proves that the system will not last long, as those with large reservoirs of money will eventually co-opt the system for their own purposes.

These 10 principles create the basis for a permanent monetary system solution that can be phased in over time without crashing global markets and would allow time for the development of public confidence in the new system.

Furthermore, such a system would be reproducible and could be used by other nations to solve their Usury based money problems as well.

 

Please go to the following the links to learn more.

http://www.swarmusa.com/vb4/content.php

https://www.youtube.com/watch?v=F-QA2rkpBSY&feature=player_embe...

https://www.youtube.com/watch?v=vVkFb26u9g8

http://www.swarmusa.com/vb4/content.php/312-Open-Your-Eyes

http://www.swarmusa.com/vb4/list.php/category/45-Economics

http://www.amazon.com/Truth-About-Money-American-ebook/dp/B001OI1XNA

http://www.whale.to/b/mullins1.html

http://www.amazon.com/End-Fed-Ron-Paul/dp/0446549193

http://www.amazon.com/Fraud-Money-Banking-Scene-Three/dp/1440463476...

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Comment by Freedomrox on October 18, 2012 at 3:26pm

Guess I haven't seen that one. I truly think we should have a depopulation. One that includes all USA, Inc. employees, Federal Reserve Employees and any institutions or secret societies associated with them.

Comment by suzie on October 18, 2012 at 11:28am

I really hated the video 

The Most IMPORTANT Video You'll Ever See (part 1 of 8) 

this lecture was more than just a math problem as some of the math in doubling time was interesting the rest of the 1 0f 8 was an argument for depopulation ~ 

Comment by suzie on October 18, 2012 at 10:30am

BUMP~~ I Love article 1 section 10 No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainderex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

THIS DOLLAR WAS NOT FORCING YOU TO BREAK THE LAW ~  a note is a contract ~ this one states : This certifies that there has been deposited in the treasury of the United States one silver dollar payable to the bearer on demand ~ This as with Article 1 section 10 is minimally a broken contract at worst treason against the constitution of the United  States for America~

Comment by Stephen Ritter on April 27, 2011 at 6:22pm
Read Article 1 Section 10 of the Constitution. Also look at my blog post, "The Government is making you break the law when you use paper money." this will put our future in ur hands again. Writ. call, E-Mail, Twitter, ehatever it takes. get the word out.
Comment by Freedomrox on April 5, 2011 at 9:47pm
This VIDEO deserves a BUMP! 12160'rs need to watch and learn. Knowledge is POWER!
Comment by Nathan A. Bauer on February 8, 2011 at 2:30am

BUMP

 

Comment by Freedomrox on January 27, 2011 at 11:41am

I have been in the fight since 1980 Hollywood. I DO KNOW exactly where you are coming from. Hard to believe it has been 31 years of attempting to awaken a populace that refuses everything except the next big fix. At that time, I screamed from the rooftops that Reagan's man Bush had set up a deal with Iran to release hostages only after the election, Kissinger was a murderer in Chile, and Haig was in bed with the Soviets. My, my, how tame those issues seem now. After so many years of writing articles, sending pamphlets, internet BBS's, radio shows, running websites.....I finally burnt out. It's happens to the best of us. BTW, Pam, no one hid anything and they never do. Rummy made his statement at the Pentagram on the 10th, and I was on an application known as PalTalk at the time in a group called Conspiracy Theory, (how original, huh?), and told everyone that night that they were about to bust a move. One year prior, I was asked where I thought would be struck and I said the WTC, because it had been the FBI's target in 93. Didn't know how they were to do it, but knew from the PNAC that it was in the works. No one listened then either, except about 40 stunned listeners in the group. It scared them so much, they disbanded the group and refused to talk about it anymore. Of course, I could not let it go. Trust me when I say, I feel your pain, anger, and frustration. I was there during Iran/Contra/Mena, AR, Waco, Ruby Ridge, Gordon Kahl, Bill Cooper, and so many more events most know nothing about.

For about the last 6 years I have attempted to overlook the copius amounts of attacks upon freedom from govt.'s to focus on the ROOT causes of how this cartel continues to thrive. Make no mistake about it, this is a criminal cartel and nothing more, and one which could not exist within the confines of the proper monetary system. That, people, is the ROOT OF THE PROBLEM. When money can be manipulated on a massive scale, then anyone can be bought off, and most especially the politician de jeur of the day. When a debt-free, non-interest bearing currency is issued by a Government, then the people prosper and corruption starves. This is especially true of Colonial Script in early American history, that is, until Britain outlawed it in 1764. Corruption flourished under the British pound sterling under the Bank of England, and was the major cause for the discontent that led to the Revolution. Again in Rome for nearly seven centuries, Govt. issued currency limited the amount of corruption of the Roman Empire until the time of Ceasar, when the currency was changed to gold coinage only. The downfall of the Republic can be traced to that single act, for then the Senate competed not for Lands, but for the Goldsmith's favor and Ceasar's. "Et Tu Brute'"

This is why it is so important to watch this video. Bill Still hits the nail on the head, and thereby strikes at the ROOT, instead of like so many, who merely hack at branches and piss and whine and moan when the tree extends 20 more.

I URGE ALL OF YOU to please watch this video, for I could write all day and not impress upon you the lessons of history that Bill can. This is a way to WIN without firing a shot. Well a few shots maybe, because the corrupt will not want it to change, but far less blood spilled than if we do nothing but wait for the so-called "inevitable".

I've preached enough for now, but see no choir, just a small lonely voice in the wilderness of angry people's pissed off flailing rants, not needing to hear reason, or take a different path. Anger is easy, courage is not.

Peace unto you.

Comment by Pamela Ida Prince on January 27, 2011 at 5:26am

On September 10, 2001, Secretary of Defense Donald Rumsfeld held a press conference to disclose that over $2,000,000,000,000 in Pentagon funds could not be accounted for. Rumsfeld stated: "According to some estimates we cannot track $2.3 trillion in transactions." According to a report by the Inspector General, the Pentagon cannot account for 25 percent of what it spends. 1   2  

Such a disclosure normally might have sparked a huge scandal. However, the commencement of the attack on New York City and Washington in the morning would assure that the story remained buried. To the trillions already missing from the coffers, an obedient Congress terrorized by anthrax attacks would add billions more in appropriations to fight the "War on Terror."

http://911research.wtc7.net/sept11/trillions.html

How many years did they keep that quiet, on the back burner while they played up the 'horror of 9/11 and the Horrible murderous Muslims & they were the injured, ignoring the fact that USA Military have been on the Attack for centuries. 

Comment by Central Scrutinizer on January 26, 2011 at 10:03pm

ya, just feeling down lately, I have been down this road since Waco pissed me off, I have probably turned a total of 3??, possibly 4-5?? people around in 15 years of applying the wake up calls, I blame it on being in the wrong area here.

In 2001, I happened to be living in DC then and near the pentacon on that treasonous morning, going to work, so once again I get super super motivated because I kinda knew right off the bat, this wasnt was it appeared to be from what I saw that AM. So now, damn near 10 years later, I'm once again feeling the frustration, and having that same ol "Fak 'em all and let FEMA sort em out" attitude. Combined with all the websites who are, to quote your words, "just shaking their fists and bitching about it" ;) , PLUS, its like preaching to the choir couz, if your a member of a truth site, your already awake to some degree already.....sighhhh

As usual, I'll probably get over it again someday.....I apologize :)

Peas out :)

(still hopin for the best, but prepared for the worst)

Comment by Freedomrox on January 26, 2011 at 9:26pm
Sorry you feel that way, Hollywood. It is never too late to do real good, instead of just shaking your fist and bitching about it. If you expose, Sue, and de-legitimize, to the point where the currency issue is the main issue, then it is possible to de-fund the whole criminal cartel.

"Destroying the New World Order"

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