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Abolish The Federal Reserve System ACTION

Business  (tags: US, Federal Reserve, Goldman Sachs, $$$ )

- 1559 days ago -
It's a simple fact that those who control the money control the country. People in the United States have been led to believe that because the Federal Reserve has the word "federal" in it, that it is some how part of the United States Government. It is...

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Nancy C. (810)
Friday August 19, 2011, 8:34 am
Thank you Dandelion for this link. I'm sure some of you can shed more light on this crucial topic.

wolfNoFwdsPls a. (135)
Friday August 19, 2011, 8:43 am

problem here (and with any situation of abuse+exploitation) is, that the abusers/exploiters have the tendency to not stop, even when asked very nicely.


Regina P. (67)
Friday August 19, 2011, 9:25 am
Noted & signed #328. Thank you

Tony Isaacs (40)
Friday August 19, 2011, 9:34 am
If you really want to learn the dirty truth about the creation of the Federal Reserve, get yourself a copy of "The Creature from Jekyll Island : A Second Look at the Federal Reserve " by G. Edward Griffin.

Ron Paul, who KNOWS the Federal Reserve like almost no one else, had this to say about the book: "A superb analysis deserving serious attention by all Americans. Be prepared for one heck of a journey through time and mind."

Eileen Novak (444)
Friday August 19, 2011, 9:35 am
#330 Wish I were #330,000,000.
The system stinks! An overhaul/abolish is LONG overdue.

Friday August 19, 2011, 9:39 am
Noted and signed. Thank you Nancy.

patricia lasek (317)
Friday August 19, 2011, 9:47 am
Already signed. Thanks for posting this important petition, Nancy.

Carol H. (229)
Friday August 19, 2011, 9:49 am
signed and noted, thanks Nancy

DORIS L. (61)
Friday August 19, 2011, 10:35 am
Signed, noted, and shared.

Dandelion G. (386)
Friday August 19, 2011, 10:55 am
Thank you for picking up the torch from me and going further with this Nancy. Tony Isaacs gave a great link to gather more information on this. I am many places all over the threads on C2 mentioning that this IS the Head of the Snake.....until this is taken care of we will continue to fight the many brush fires that this system lights.


Rothschild, a London Banker, wrote a letter saying "It (Central Bank ) gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class... The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their interests." [The bankers created the legislation for the FED]

In 1913, before the Senate Banking and Currency Committee, Mr. Alexander stated: "But the whole scheme of a Federal Reserve Bank with its commercial-paper basis is an impractical, cumbersome machinery, is simply a cover, to find a way to secure the privilege of issuing money and to evade payment of as much tax upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates. It is a system that, if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. It will mean continued shortage of actual money and further extension of credits; for when there is a lack of real money people have to borrow credit to their cost."

Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest. Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In 1992, taxpayers paid the FED banking system $286 billion in interest on debt the FED purchased by printing money virtually cost free. Forty percent of our personal federal income taxes goes to pay this interest. The FED's books are not open to the public. Congress has yet to audit it.

Jackson life was threatened many times but failed, Lincoln many think his death was due to the Civil War but there was more behind his assassination.

On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued.

Read that last line again. These people are serious, dead serious, they will and have taken a President out.


ellen m. (220)
Friday August 19, 2011, 11:34 am
#335..thank you Nancy.

ellen m. (220)
Friday August 19, 2011, 11:42 am
Almost I the last to know about the fact that the cost to mint a penny (yes-1) is now around $1.70?
Tell me they haven't robbed us blind on that one!
Thanks also to Dandelion for the history lesson!

Jennifer M. (78)
Friday August 19, 2011, 12:39 pm
Signed and noted. Thanks

. (1)
Friday August 19, 2011, 1:05 pm
Noted and signed. Thank you Nancy.

Fran F. (118)
Friday August 19, 2011, 1:12 pm
Done. Thanks, Nancy.

John M. (6)
Friday August 19, 2011, 1:31 pm
The Federal Reserve was set up by bankers for bankers, and it has served them well. Out of the blue, it came up with $12.3 trillion in nearly interest-free credit to bail the banks out of a credit crunch they created. That same credit crisis has plunged state and local governments into insolvency.;From Ellen H. Brown

Mary T. (185)
Friday August 19, 2011, 1:31 pm
Signed and noted thanks for this post.

Clifton Jackson (124)
Friday August 19, 2011, 1:42 pm
Yes, get rid of them!! They have way to much POWER!!!! It will be a Much Better World without them!!!!!

Fred Krohn (34)
Friday August 19, 2011, 2:15 pm
What 'national' debt? It's a 'Politician Debt' and should be paid back by the Politicians who authorised the loans in the first place! And mainland Communist China should get burned!

Roger Garin-michaud (139)
Friday August 19, 2011, 2:25 pm

Kamila A. (141)
Friday August 19, 2011, 2:47 pm
Most people are unaware about the truth of what the Federal Reserve is really about, who they are and what they do. If they did, there would be outrage.

Patricia W. (94)
Friday August 19, 2011, 3:29 pm
Since the Federal Reserve - a private company - was established in 1913, the value of the American dollar has fallen over 90%. The reason for the fall is the Fed's continuing policy of printing more money to juice up the economy. Inflation is NOT about prices going up, it's about the value of the dollar going down. The dollar is like any other commodity, the more you have, the less it's worth. - it takes more dollars to purchase an item.

One has to wonder about the motives of any organization that refuses to allow an outside audit to be done on its operation, as the Fed does. Anyone find that interesting, and disturbing?

Thank you Nancy.

Patricia W. (94)
Friday August 19, 2011, 3:42 pm
Dandelion, not only were the last silver certificates issued, the last silver coins minted in any denomination was in 1964, except for the Kennedy half-dollar which had declining amounts of silver content until 1970, when they went totally clad.

Toni C. (508)
Friday August 19, 2011, 3:49 pm
Noted and signed... the banking system in America is corrupted.

Mary Donnelly (47)
Friday August 19, 2011, 4:16 pm

Thanks Nancy for amazing post and comments. I chuckled all the way through the video.

The Federal Reserve System of the USA is unusual in many respects, partly because it has a private and public component; partly because it resulted as a deal between people who wanted more control over the financial system and those who did not; and partly because it is a system of a number of banks, not just one bank.The result is far less control of the financial system in the USA than occurs in many other places.

Other places manage fiscal and monetary policy with separate entities e.g. Treasury and Central Bank; what's missing in the USA is a speedily enforceable capital adequacy test, which enables financiers to bail thmselves out, without much recourse to government entities.

e.g. Had a capital adequacy test of 85% for sub-prime mortgages applied in the USA, for every $100 of such loans made, the financier would have had to put $85 into its reserve funds to cover those loans. Such a rule would have reduced the volume of such loans to manageable proportions; supposing the rule had been enforced.

I did not sign this petition; like Alexander Hamilton, I believe that the USA needs enforced flexible financial controls, and at the moment a FEW more of them.


Victoria P. (109)
Friday August 19, 2011, 4:44 pm

Vicynthia Tjahjadi (57)
Friday August 19, 2011, 6:33 pm
Noted and signed. #379. Thank you, Nancy.

Past Member (0)
Friday August 19, 2011, 6:56 pm
Your name and IP address have already been recorded. GoPetition does not allow duplicate signatures from the same computer. Please review the signature list as you may have already signed the petition.
Thanks Nancy

Katie R. (41)
Friday August 19, 2011, 7:02 pm
Burn BABY BURN!! Abolish this farce now!

Alicia N. (87)
Friday August 19, 2011, 8:44 pm
noted with thanks

Bonnie B. (103)
Friday August 19, 2011, 9:29 pm
Already done, but noted! Thanks, Nancy!

Dogan Ozkan (5)
Friday August 19, 2011, 9:41 pm
signed and noted

linda b. (186)
Friday August 19, 2011, 10:33 pm
Signed thanks Nancy

Monica D. (580)
Saturday August 20, 2011, 12:42 am
In a 2004 book (I think), the economist J. K. Galbraith stated that in his view, the Federal Reserve was irrelevant.

Kimberly Crane (36)
Saturday August 20, 2011, 6:07 am

Past Member (0)
Saturday August 20, 2011, 7:15 am

Past Member (0)
Saturday August 20, 2011, 7:36 am
The private banking systems have controlled and corrupted the Untied States for far to long. Stop the madness!

Esther Z. (96)
Saturday August 20, 2011, 8:14 am
Noted. I have to decline on this one, since I don't really know the history of the Federal Reserve and how it's machinations are causing all our problems. Also, when I read the following part of the petition, it gave me pause:
"Unless we the people begin to control our paper currency system we will never have a real choice of who runs this country. We will always be given the choices before us provided by the international bankers. Our taxes will always be heavy
and that's how they maintain control. If the U. S. Government Printed U.S. Treasury notes and distributed what it created, the Control of this Country would return to the People. The money you make would be yours. Mom could stay home with the kids. Your jobs wouldn't be leaving for Mexico."
The petition also mentioned the IRS was created for the Federal Reserve. Really? I thought the IRS was created by our government to collect monies used to fund our various programs that we all need or enjoy. The wording of the petition sounded too much like the ideology of a Tea Party, which really is to shrink government and eliminated anything to do with taxes. Also the last part of the petition stated "your jobs wouldn't be leaving for Mexico". Sigh.....we, all of us, are going to have to understand we live in a global economy, and which ever country offers the availabity of low wage workers is where corporations will invest to reap the highest profit margins. Not fair, but a reality. This is the reason the US is fast loosing it's number one world status in manufacturing. The world is changing and we have to change with it, which means we're going to have to compete, like never before, for jobs that were once the prime domain of the U.S.
Back to the subject of the Federal Reserve, I would venture to say that any institution or program can be problematic or corrupted if those who run it are self serving corporate mininions. Instead of demolishing a workable institution, we should look to get rid of those who are corrupting or mismanaging it for their own self serving agenda. Just my two cents.

Patricia Cannell (846)
Saturday August 20, 2011, 8:20 am
Signed and noted. Thanks Nancy.

Annick Letourneau (67)
Saturday August 20, 2011, 11:43 am
N&S, thanks x

richard Lehr (1)
Saturday August 20, 2011, 12:25 pm

Past Member (0)
Saturday August 20, 2011, 2:44 pm
signed and noted

Ralph F. (68)
Saturday August 20, 2011, 3:17 pm
Noted & signed.

Tim C. (2415)
Saturday August 20, 2011, 7:46 pm

Mike Tedesco (65)
Sunday August 21, 2011, 1:40 am
Ron Paul has been telling you this for years!


Past Member (0)
Sunday August 21, 2011, 6:06 am
Thanks, signed and noted. It's amazing the number of the founding fathers hated the idea, but it's a good way to grow the size of the federal government.

Mark H. (35)
Sunday August 21, 2011, 9:21 am

Tony Isaacs (40)
Sunday August 21, 2011, 9:25 am
"Let me issue and control a Nation's money and I care not who makes its laws".

- Amsel (Amschel) Bauer Mayer Rothschild, 1838:

(Note to Dandelion - can't send you another star yet.)

Megan Beery (18)
Sunday August 21, 2011, 9:58 am
noted and signed

Ludger W. (71)
Sunday August 21, 2011, 12:54 pm
noted, signed, ty

Elizabeth P. (99)
Monday August 22, 2011, 6:07 pm
Noted and signed. Very interesting. Great input. Thank you.

Aletta Kraan (146)
Monday August 22, 2011, 7:06 pm
Noted and signed !!

Penny C. (17)
Wednesday August 24, 2011, 5:26 pm
ron paul for secretary of state!

Myron Scott (70)
Thursday August 25, 2011, 7:40 pm
I think there is an argument to be made the the Fed Chairman is too politically independent; there is a need for oversight and some degree of accountability. I also think state banks could provide a sound counter-weight. The Fed is, indeed, a bank for bankers - although suspicions of dark conspiracies of course involving (the Jew) Rothschild Family controlling the world are so much twaddle, deeply rooted in anti-semitism. The business about JFK is pretty dubious too. I hate to see good progressives getting lost in them. Concern about "fiat" currency and going off the gold standard and silver are largely, if not completely, "irrelevant" (borrowing from Galbraith) to the real problems of the enduring plutocracy and the current economic crisis and vanishing middle class. It is useful mainly to those trying to sell investments in gold; and there may be a gold bubble any day, but it will burst. Smart money still prefers to invest in dollars or US Treasury bonds. This is as much a distraction from more pressing economic issues as the debt ceiling rigamarole. The plutocracy can find ways to control things regardless of the type of currency; and, ultimately. neither gold nor silver have any intrinsic value, either. I know that Paul loves this issue; but the last time I looked, he was a physician, not an economist. Most economist agree with Galbraith. Finally, the dollar remains the reserve currency of choice globally, for sound reasons. I'm not saying that some alternative - maybe even a central bank that is truly a government bank - might not be good; but it's a complicated matter. I'm certainly not signing a petition to abolish the Fed without a clear and sound proposal for what should replace it. Going retro and singing Power to the People," much as I love that song and the man who wrote it, does not constitute such a proposal. So, much as I respect and even have come to love the folk boosting this petition, I have to stand with Mary Donnelly and Esther Z. on this one.

I have to say, don't waste your time on this distraction, and absolutely do not waste your vote on Ron Paul.
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