Posts Tagged ‘Federal Reserve Abolition Act’

End the Fed! Sound Money for America!

Friday, December 26th, 2008

 

http://sjlendman.blogspot.com/2008/12/federal-reserve-abolition-act.html

 

End the Fed! 

 

Sound Money for America!

 

The Federal Reserve

 

Abolition Act

 
By Stephen Lendman
12-24-8

 

 

On June 15, 2007, Ron Paul introduced HR 2755: Federal Reserve Abolition Act. There were no co-sponsors, no further action was taken, and the legislation was referred to the House Committee on Financial Services and effectively pigeonholed and ignored.

 

It’s a bold and needed measure to “abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.”

 

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“….the privately owned central bank….has been looting and wrecking the US economy for almost a hundred years. We must end a system where unelected, unaccountable cliques of bankers and financiers loyal to names like Morgan, Rockefeller, and Mellon set interest rates and money supply behind closed doors, leading to de- industrialization, mass impoverishment, and a world economic and financial depression of incalculable severity.”

 

 Webster Tarpley

 

http://www.rense.com/general84/rweg.htm