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The Forum > General Discussion > End the Fed movement gathers momentum

End the Fed movement gathers momentum

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Most people in the US do not realise that the US Federal Reserve is a private group of 12 banks that owns the US currency.While it has Govt representitives on it's board,it cannot be audited by Congress and thus is really unaccountable.

Congressman Dr Ron Paul began movement to put an end to this abomination which has corrupted Govt in the US by premoting wars so the Fed Res could loan money to the US Govt,who in turn buy weapons from the arms dealers.The Fed Res is also reponsible for inflatiing money by what is know as the fractional reserve system,whereby banks can loan out many times the amount of money they have in reserve.We are experiencing the results of this right now.

The Fed has such an all pervading influence in the US and world economy that the popular media will not dare question it's veracity."End the Fed" movement has now taken hold in the Universities and Ron paul has just introduced a bill that will allow Congress to audit its books.We shall soon see just how corrupted the political process has become in the US.

If our Govt wants to pay for it's stimulis packages by borrowing from this perverted system ,then it is unwise.If the Fed Res just conjures money from cybre space,why not let our own RBA do likewise?We should only go into more debt on our terms,not this totally corrupt,vile system.
Posted by Arjay, Sunday, 1 March 2009 8:22:43 AM
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The lack of response to this crucial issue demonstrates to me that the people of Australia are just as complacent and ignorant as those of the US.We just don't seem the comprehend that the Reserve Banking System of the planet have destroyed the value of our currency by creating too much money and thus perverted the direction in which a true productive economy should go!
Posted by Arjay, Monday, 2 March 2009 7:34:04 PM
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http://www.reformation.org/federal-reserve.html
Posted by Antiseptic, Tuesday, 3 March 2009 11:43:37 AM
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What amazes me Antiseptic is that there is no anger or real awareness of how this system has ruined the lives of millions of people over the last 100 yrs.We are too consumed by our own trivial infighting about side issues that reflect our own microcosm of perceived injustice,to see the really big picture of debt enslavement perpetrated by this global Reserve Banking robbery.

The silence is deafening.
Posted by Arjay, Tuesday, 3 March 2009 6:48:46 PM
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