Friday, November 21, 2008
"End the Fed" Rally to be held Saturday
Posted on Fri, Nov 21, 2008 at 4:00 AM
From the End the Fed press release:
"On the night of November 22, 1910, a group of bankers met at an elite resort at Jekyll Island, Georgia. So began the dark conception of the Federal Reserve System, which many economists argue is responsible for devouring the political and financial wealth of America. The U.S. dollar has seen a better than 98% decline in its purchasing power since that time… Ninety-eight years later, End the Fed will announce the initiation of a grassroots, unfunded, trans-partisan citizens' movement for sound money with rallies at every Federal Reserve Bank and office in the country. Activists will demand an end to private banker control over the nation's money supply and the return to a hard, commodity-backed monetary system.
"End the Fed activists believe that the Federal Reserve Bank, through its inflation of the money supply and the distortion of free markets resulting from its intervention, is responsible for the current financial and economic crisis. They also hold that the current round of 'bailouts' and Federal Government nationalization of large segments of the financial sector further inflates the U.S. dollar and disrupts the proper functioning of the markets and will ultimately serve to plunge the nation into an even more severe crisis and possibly even into a serious depression."
End the Fed's action plan includes a petition drive and a Congressional lobbying campaign for the Federal Reserve Board Abolition Act (H.R. 2755), which was introduced to Congress by Representative Ron Paul in June 2007. The plan also calls for a public, Congressional audit of both the Federal Reserve Bank and of the U.S. Treasury Department's gold reserve. End the Fed activists believe that with the development of free market and barter trade systems and "private banking institutions based on precious metals and commodities" that we, as a people, may be able to save our economy.
To find out more information, visit www.endthefed.us, or join the rally at Memphis' Federal Reserve Bank at 200 N. Main Street. --By Shara Clark
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While I agree completely that the Fed should be abolished, it certainly won't happen at a grass roots level.
I don't see how else it would happen, Toast. Obama sure isn't gonna do it--he's giving them the Treasury.
This is laughable. Read some real history of the banking system and look at all the panics that took place when there was no Fed, especiall in the 1800s. The cry for return to the gold standard always crops up during economic turmoil. These people want the gold standard and a free market at the same time, yet that is not possible in a global economy. Milton Friedman proved that.
End the Fed Rallies a Nationwide Success!! Philadelphia was a big success!!! We had full cooperation of Philly's finest, they blocked off a lane of traffic, and provided escort for our entire march route (approximately 1.5 miles). Once at the FED, they left us to our own devices for our lengthy protest at the FED building. We had an hour between the end of our protest and the indoor rally at the Independence Visitor Center. We used that time to fan out over a several block area and educate as many people as possible, speaking and handing out 1000+ fliers. What a better place to educate people on the dangers that confront our liberties than the birth place of our nation. As tourists would exit the Independence Mall visitor center they would be greeted at the door by one of our energetic Patriots for a real history lesson! Our line-up of speakers was excellent, and their speeches provocative. We are energized to move this revolution forward! To all my fellow organizers and participants, in Philly, and every other city, thank you and may God bless you all. Keep up the fight! In pursuit of liberty for my children and yours, robpatozz www.robpatozz.blogspot.com http://www.youtube.com/watch?v=1YMWpdGEvxk
BWM, I for one am not calling for a return to the gold standard. I just think the government should create our currency itself like the Constitution provides instead of profiting a privately held bank.
i must say, BWM, you're a total moron. to believe in anything Keynes or Friedman have done or said, first of all, then also to FAIL to realize that people have been calling for the end of this absolutely tyrannical central bank for not only decades (while there was seeming prosperity - post WWII boom, for example) but for centuries! the founding fathers wrote in the Constitution that Congress shall control all money and that our only money should be gold and silver coins, because they saw what happened with the 'continental' dollars. (of course, you'd have gold and silver backed notes for ease of exchange) and Andrew Jackson himself has his epitaph reading "I Killed The Bank." now, why do you think that is?
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