Thread: Take Back the Fed

We have heard recently that the Treasury is proposing to increase regulation, including developing a bigger role for the Fed. In a sense this is good, but the Treasury is under the Executive, and the Constitution puts the authority to coin money in the Congress. It is the Congress who need to address the current economic problems, ultimately. It is true that the Treasury may be asked to carry out the Congressional mandates, as has been the case historically.

The problem is that it is the Fed itself that allowed and even promoted the type of parasitical activity that led us into this mess. We allowed one man, nearly a god, to whimsically rule over the destiny of our financial system. The entire Congress, holding the constitutional authority to use our financial system for whatever purpose is in the best interest of the nation stood by and allowed the Fed chairman to leverage our financial system to unbelieveable proportions. It is not Alan Greenspan alone who is at fault, it is the Congress of the United States of America for not carrying out its constitutional mandate to create, foster and administer a US currency and system of credits in the benefit of our nation.

What will be the look of the new Fed with a greater role? It is likely there will be more regulation. The Fed does not want to get caught with its pants down again. I am sure, at least initially, it will be more conservative, and likely reflect the personality of its current Chairman, rather than that of Greenspan. But, unless we want more of the same- the same opaqueness, the same secrecy, the same mystery, the same Fed for the banks not for the nation, then we need to tell the Congress to take back their constitutional authority and take a more active role in the creation of the US currency. The Fed needs to be fully renationalized and placed directly under congressional control and oversight. The Fed may need to be modified or even replaced by a new system- perhaps a national bank as the US started with. In any case the Congress needs to Take Back The Fed. Once it has taken control of the Fed, it needs to evaluate the condition of the Fed and every institution it is currently bailing out. Before additional monies are supplied to investment banks (which do NOT fall under the Fed's charter) the investment banks need to open their books to congressional scrutiny. All this needs to be done in consultation with our allies, and all other nations who want to participate.

Please visit, link, and spread the news about Take Back The Fed. (Take Back The Fed). Print out the proclamation and send it to your Congressman and Senator. Consider presenting it to your city council for passing a resolution of support. Let's stand up and get back to a sane financial system that serves the nation rather than vice-versa.

Take back the Fed? My dear, sir. We never had it to begin with.

How about disband the Fed.

Originally Posted by Ronin Tetsuro

Take back the Fed? My dear, sir. We never had it to begin with.

How about disband the Fed.

This is true, but by "Take Back The Fed" I mean "Take Back the Constituitonal Power to Create Mioney", the fed being the latest of various means to do so. Takebackthefed is just a bit easier to remember.

And in fact, we gave it away, so we can take it back.

The central bank needs to be out of reach of populist government.

Originally Posted by sivere

This is true, but by "Take Back The Fed" I mean "Take Back the Constituitonal Power to Create Mioney", the fed being the latest of various means to do so. Takebackthefed is just a bit easier to remember.

And in fact, we gave it away, so we can take it back.

We need Ron Paul to step up to the plate, and run as an independent. He is the only one that can possibly solve this mess and return the country to his 18th century understanding of the Constitution.

Originally Posted by Latherty

The central bank needs to be out of reach of populist government.

First, it has been, and I would say the central bankers screwed things up worse than the populist government could. Your statement has become a standard phrase, and no longer rings true.

Second, this is clearly not a constitutional statement (you are free to disagree with the constitution).

Originally Posted by Think for myself

We need Ron Paul to step up to the plate, and run as an independent. He is the only one that can possibly solve this mess and return the country to his 18th century understanding of the Constitution.

Wrong! Wrong! Wrong! What we need is Barack Obama who actually studied the Constitution ergo he knows the best way to get around it. That way he can expand socialism much faster than the $53,000,000,000,000 asteroid already headed towards earth in the form of the baby boomers.

Then, and only then, will we be able to completely destroy our dollar so we can finally have world government and all live together in peace and harmony with Barack Obama anointed our Supreme King and Savior.

The world will be so much easier for all of us as the government will tell us when to eat, when to sleep, when to shit, and when to fuck. We won't even have to think which will be a real boon for the 95% of people who couldn't do it to begin with. They will tell us what job we are best suited for and will provide us a nice little studio apartment that will look exactly the same as the millions of others our wonderful new government will create to make sure we are all equal.

I can't wait for my chance to be a worker drone. It sounds awesome!! I just hope and pray my little apartment gets a window and I can have a nice view of the Superhighway.

Originally Posted by sivere

First, it has been, and I would say the central bankers screwed things up worse than the populist government could. Your statement has become a standard phrase, and no longer rings true.

Second, this is clearly not a constitutional statement (you are free to disagree with the constitution).

1. They did what? how did you come to that conclusion?

2. Its not a constitutional matter.

Originally Posted by Think for myself

We need Ron Paul to step up to the plate, and run as an independent. He is the only one that can possibly solve this mess and return the country to his 18th century understanding of the Constitution.

Paul always sounds like he reads the Political Hotwire forums a bit too much. :waving:

Originally Posted by Libre

I can't wait for my chance to be a worker drone. It sounds awesome!! I just hope and pray my little apartment gets a window and I can have a nice view of the Superhighway.

Whatever you're on, I want some.