-Caveat Lector-
..... far and wide!
NOTE: This is an extremely important Post
and must be read by all in calmness with your
attention focused on the primary purpose of
the banking cartel, which is, and I quote,
"... to shift the inevitable losses from
the owners of the larger banks to the taxpayers."
--------------------------------------------------
A PLAN FOR ELIMINATING THE FED
To abolish the Federal Reserve System (Fed) would be quite simple.
All that would be required is an act of Congress consisting of one
sentence:
The Federal Reserve Act and all of its amendments are hereby rescinded.
But that would wipe out our monetary system overnight and create such
havoc in the economy that it would play right into the hands of the
globalists.
They would use the resulting chaos as evidence that such a move was a
mistake, and the American people would likely welcome a rescue from the
IMF/World Bank.
There are certain steps that must precede the abandonment of the Fed if
we are to have a safe passage.
The first step is to convert our present fiat money into real money.
That means we must create an entirely new money supply which is 100
percent backed by precious metal -- and we must do so within a
reasonable short period of time.
To that end, we also must establish the true value of our present fiat
money so it can be exchanged for new money on a realistic basis and
phased out of circulation.
Here is how it can be done:
1. REPEAL THE LEGAL-TENDER LAWS.
The federal government will continue accepting Federal Reserve Notes in
the payment of taxes, but everyone else will be free to accept them,
reject them, or discount them as they wish.
2. FREEZE THE PRESENT SUPPLY OF FEDERAL RESERVE NOTES, except for what
will be needed in step number eleven.
3. DEFINE THE "REAL" DOLLAR IN TERMS OF PRECIOUS-METAL CONTENT,
preferably what is was in the past: 371.25 grains of silver. It could
be another weight of silver or even another metal, but the old silver
dollar is a proven winner.
4. RESTORE FREE COINAGE AT THE U.S. MINT and issue silver "dollars" as
well as gold "pieces."
Both dollars and pieces will be defined by metal content, but only
coins with silver content can be called dollars, half-dollars,
quarter-dollars, or tenth-dollars (dimes). At first, these coins will
be derived only from metal brought into the Mint by private parties.
They must not be drawn from the Treasury's supply which is reserved for
use in step number six.
5. PAY OFF THE NATIONAL DEBT WITH FEDERAL RESERVE NOTES created for
that purpose.
Creating money without backing is forbidden by the Constitution;
however, when no one is forced by law too accept Federal Reserve Notes
as legal tender, they will no longer be the official money of the United
States. They will be merely a kind of government script which no one is
required to accept. Their utility will be determined by their
usefulness in payment of taxes and by the public's anticipation of
having them exchanged for real money at a later date. The creation of
Federal Reserve Notes, with the understanding that they are not the
official money of the United States, would therefore not be a violation
of the Constitution. In any event, the deed is already done. The
decision to redeem government bonds with Federal Reserve Notes is not
ours. Congress decided that long ago, and the course was set at the
instant those bonds were issued. We are merely playing out the hand.
The money 'will' be created for that purpose. Our only choice is
'when': now or later. If we allow the bonds to stand, the national
debt will be repudiated by inflation. The value of the original dollars
will gradually be reduced to zero while only the interest remains.
Everyone's purchasing power will be destroyed, and the nation will die.
But if we want 'not' to repudiate the national debt and decide to pay it
off 'now', we will be released from the burden of interest payments and,
at the same time, prepare the way for a sound monetary system.
6. PLEDGE THE GOVERNMENT'S HOARD OF GOLD AND SILVER (except the
military stockpile) to be used as backing for all the Federal Reserve
Notes in circulation. The denationalization of these assets is long
overdue.
7. DETERMINE THE WEIGHT OF ALL THE GOLD AND SILVER owned by the U.S.
government and then calculate the total value of that supply in terms of
real (silver) dollars.
8. DETERMINE THE NUMBER OF ALL THE FEDERAL RESERVE NOTES in circulation
and then calculate the real-dollar value of each on by dividing the
value of the precious metals by the number of Notes.
10. RETIRE ALL FEDERAL RESERVE NOTES FROM CIRCULATION by offering to
exchange them for dollars at the calculated ratio. There will be enough
gold or silver to redeem every Federal Reserve Note in circulation.
11. CONVERT ALL CONTRACTS BASED ON FEDERAL RESERVE NOTES TO DOLLARS
using the same exchange ratio.
12. ISSUE SILVER CERTIFICATES. As the Treasury redeems Federal Reserve
Notes for dollars, recipients will have the option of taking coins or
Treasury Certificates which are 100 percent backed. These Certificates
will become the new paper currency.
13. ABOLISH THE FEDERAL RESERVE SYSTEM. It would be possible to allow
the System to continue as a check clearing house so long as it did not
function as a central bank.
14. INTRODUCE FREE BANKING. Banks should be deregulated and, at the
same time, cut loose from protection at taxpayers' expense. No more
bailouts.
15. REDUCE THE SIZE AND SCOPE OF GOVERNMENT. No solution to our
economic problems is possible under socialism.
16. RESTORE NATIONAL INDEPENDENCE. We must reverse all programs leading
to dsarmament and economic interdependence. The most significant step
in that direction will be to 'Get us out of the UN and the UN out of the
US, but that will be just the beginning. There are hundreds of treaties
and administrative agreements that must be rescinded. There may be a
few that are constructive and mutually beneficial to us and other
nations, but the great majority of them will have to go. That is not
because we are 'isolationist'. It is simply because we want to avoid
being engulfed in global tyranny.
------------------
Source: The Creature from Jekyll Island: A Second Look at the Federal
Reserve, Second Edition by G. Edward Griffin: September 1995, American
Opinion Publishing, Inc., pp 573-577
http://www.jbs.org/aobs/
------------------------------------------------
To accomplish the above we will have to elect,
in November, 2000 for both houses of Congress
and the White House people like Ron Paul and
Helen Chenoweth; I hardly think Geew or McPhony
will go for such a plan.
Remember, Panama was nothing more
than a bank bailout at our expense.
Regards, and have a safe New Years Eve,
Bard
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