HR 6550 - Legislation To End The Federal Reserve

Originally posted by Misoir
Well I guess the Socialist in the House of Representatives is standing up strong to the banking elite. It's about time someone besides just Ron Paul steps up to plate whether or not this actually materializes.

for your Mr. Kucinich!

There are plenty of Reps who will be totally against this.... The Dem/Rep is a false dichotomy to dupe the people, but the taboo has been broken, by Ron Paul publicly denouncing them, and now this. Fantastic.

reply to post by LazyGuy


GREAT find!

My first question was, given NAU negotiations, "Where would the authority go?" Answer: back to Congress.

To create a full employment economy as a matter of national economic defense; to provide for public investment in capital infrastructure; to provide for reducing the cost of public investment; to retire public debt; to stabilize the Social Security retirement system; to restore the authority of Congress to create and regulate money, modernize and provide stability for the monetary system of the United States, retire public debt and reduce the cost of public investment, and for other public purposes.

Great news. But. I still worry about that pesky NAU and wonder what they might have up their sleeves...

Originally posted by whatukno
reply to post by LazyGuy

 

Sure, it would completely destroy the world economy, and probably cause a 10 year long recession that would make the great depression look like a mild market adjustment.

But in the long long run, it would be better for the US and better for everyone.

There would have to be some kind of conversion between the Dollar and the new currency.
They've been studding this for years I'm hoping that since they've done their homework that they can transition us through without much disruption.

All the US Govt. has to do, is do what the Fed is doing and they won't have to pay any interest. They can create the money for themselves as Lincoln did for the Lincoln greenbacks.

this is good, its time to back the people that are pushing our interests

politicians need to know we'll support them if they go against the status quo

reply to post by liejunkie01


You are correct. We will have to wrest it from them by force. It may go nuclear (WW III distraction). They will not go quietly into the night, that is for sure.

I love it. I starred it. I flagged it. I reposted it with a link on Facebook.

Let's let everyone know about this. More importantly, let's let our Congressman and Representatives know that we support this.

Awesome idea in theory, would be decent in practice; but the reality of things like wuk said is that it wont happen. Getting away from debt and the BS that is the fractional reserve system would be great, but what is going to stop the Fed from deciding to take the rest of us down with them if they are about to be deposed from power? Just unseating them could torpedo the precariously balanced economy; imagine how investors and financial organizations outside the US would view such an act -- they could very well decide it wasn't worth the risk and dump the dollar just to be safe.

Originally posted by autowrench
This is very good news! Makes me proud that Dennis Kucinich is my Congressman. It is certainly good to see at least one other supporting what Dr. Paul has been trying to do for years now, banish the private owned, greedy and criminal central banning institution for once and for all. Only the Treasury has the Right, given by the People, to "coin money," and only gold and silver is to be used to "pay all debts, both public and private."

Is there enough gold and silver to PAY all debts, both public and private ???

Do you guys know how many "Bills" these people go through on a DAILY basis?

T H O U S A N D S

So, don't get too excited. It's a pipe dream, a very thin pipe dream almost like the straws you get served with your drink. But don't get me wrong, I want to end the fed but that's the governments way to control it's populous.

Originally posted by xuenchen
Is there enough gold and silver to PAY all debts, both public and private ???

I doubt there is enough gold and silver that exists in the World to pay ALL debts public and private.

I need to look into this a little further. I'm hopeful but still cautious.

There is mention of paying for infrastructure and schools with the new currency without adding to the national debt. Maybe it's a phased plan. Get the ball rolling by issuing a limited amount and increase the amount as we are able to.

I'm not sure of the total impact of this bill would have on our overall economy, but I can't help but wonder just how much easier this would be to get passed as opposed to just not renewing the Fed's charter when it rums out with in the next year or so.

It may prove a simplier task to filibuster the renewal than to get enough Republicans to vote for "more regulation".

Hmm so maybe there is some hope after all, too little too late im afraid though. We need more Ron Pauls...a whole generation of them. But looks like my generation is full of Paulie Ds, Paris Hiltons and future Bushs.

They can post any bill they want to pass.. even to give every man, woman and child enough money and freedom to make their hearts content. But the fact is.. its just paper.. its NOT law..

How gullible you and many like you are for the crumbs they send your way only to find out later your still starving..

Meanwhile these same individuals writing things that will never see the light of day pick your pockets.

Both Paul and Kucinich should have much more influence than they have. Mainstream politicians hate them and will continue to undermine their good work. The people really should get behind them to help push.

With Paul as the new chair, it very well may happen but I'm not hopeful.

Originally posted by texastig
All the US Govt. has to do, is do what the Fed is doing and they won't have to pay any interest. They can create the money for themselves as Lincoln did for the Lincoln greenbacks.

This is exactly what this bill would do, it would be like the old greenbacks again. But let's not forget that it took a war to get to that stage for Lincoln. Makes you wonder just how deep this crisis goes, but greenbacks will be resisted strongly by the banking establishment.

The banks would actually prefer the reintroduction of a currency they control, that has some trimmings that the conservatives will feel some "triumph" over. It will be a partially gold-backed currency, and if ever a form of greenbacks manages somehow to get out of the box, you can bet they will pull the gold rabbit out of their hat. And most will fall for it, if the Tea Party is any indication.

The banks are way ahead of the game.

JR

It will never happen....
It was fought every time a central bank was to be established in America and they finally got it and now it has been in place too long and has too strong a foothold.

reply to post by LazyGuy


It would be glorious if we could smoke out these snakes.
2nd.

Originally posted by mwood
It will never happen....
It was fought every time a central bank was to be established in America and they finally got it and now it has been in place too long and has too strong a foothold.

Yes, it might look that way BUT if the Government is faced with bankruptcy then it might make drastic changes in order to preserve what it has. Quantitative Easing isn't working and every time they try all they're really doing is inflating the Dollar.

This is what out of control inflation looks like.
[atsimg]http://files.abovetopsecret.com/images/member/88fb95a9b8cd.jpg[/atsimg]

Notice that they used a "Reserve" bank. I don't know much about what happened in Zimbabwe other than the fact that their currency isn't worth very much.

Originally posted by FlyingJadeDragon
Holy Guacamole! Now this is news! This could be the start of something big. Great post! S&F!

I'm not sure how ending the Fed. would play out considering the tangled web of debt and deal-making that's been weaved from having the it run,I mean ruin, things. It could get really ugly especially when it comes to dealing with Wall Street and the bankers. Dealing with the toxic assets, bond purchases and paying back foreign purchasers of our debt are other big problems as well. Hopefully,they've already got a game plan worked out.

Maybe they'll drop the Federal Reserve Note and start issuing Homer Simpson Gold Certificates or something.

edit on 19-12-2010 by FlyingJadeDragon because: edited for content

It's the start of something big alright. What Dennis Kucinich and Ron Paul don't realize is that THEY are being puppetized and falling right into the hands of the NWO. Now, I agree with them and they mean well. They are the only ones trying anything to help us, but ben Bernanke already warned what would happen if we even audited the Fed....they would crash the system. What do you think they would do if you were to succeed in abolishing them? Once abolished the system would be no more.......thus we would need a new currency. The NAU (North American Currency) enters the stage. It's out of the frying pan and into the fire. If this passes , and it may, the system will crash, there will be a depression far reaching even outside of the United States border and people will beg for the remedy....or the new currency. Dennis Kucinich and ron Paul will then be blamed for what happened and the NWO (or at least their cronies) will be praised for repairing the depression that they seemingly caused.