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From: Sent: Wednesday, November 19, 2008 10:33 PM Subject: We should eliminate the Federal Reserve Experts Endorsing Ron Paul's Sensible Plan To Permanently Dismantle Federal Reserve The trillion-dollar Wall Street bailout plan negotiated by the White House and Congress has reinvigorated the debate about Texas Republican Rep. Ron Paul's Federal Reserve Board Abolition Act (HR 2755), which was introduced into Congress in June 2007. In the halls of Congress, legislators have yet to bring Paul's bill to the floor. It is currently languishing in the House Committee on Financial Services. However, there has been a great deal of discussion about this landmark legislation on the Internet and in the alternative press. Constitution Party presidential candidate Chuck Baldwin has even made abolishing the Fed one of the top planks in his platform. Paul's measure, as it is now, would kill the Federal Reserve Act and would then phase out the Federal Reserve one year after the bill becomes law. The Federal Reserve Act, passed by Congress in 1913, laid the foundation for the creation of a privately owned and controlled central bank and gave private bankers the power to control the nation's money supply. Nearly 100 years later, the role the central bank has played in the financial scandal has been widely reported in the mainstream. Former Federal Reserve chairman Alan Greenspan, once heralded as "the maestro," has been feeling the heat for supporting the deregulation of financial institutions and flooding markets with cheap dollars. Even the cable news shows are getting in on the game. NBC's cable news show interviewed well-known investor Jim Rogers, who made a fortune betting on commodities markets. "How much money does the Federal Reserve have?" asked Rogers. "I know they can run their printing presses forever, but that is not good for the world. Inflation is not good for the world. A collapsing currency is not good for the world. It means worse recession in the end. . . . I would abolish the Federal Reserve." Neo-conservative talk show host Glenn Beck has also assailed the Federal Reserve for its role in the financial crisis. On September 15, Beck had a lively debate about who exactly owns the Federal Reserve. "The Federal Reserve has nothing to do with the government," said Beck. "It's a separate, global banking system. . . . And when everyone was meeting with our Secretary of Treasury Henry Paulson, I thought to myself: 'Who the hell is representing us, the American people?" Ron Paul financial advisor Paul Schiff responded: "The Fed got us into this mess. It drives me crazy to see Alan Greenspan on television talking about this '100 year flood,' like the events that are taking place today are random and have nothing to do with his monetary policy. He blew up the bubble, and now it's burst." Wall Street Journal editorial writer Steven Moore added: "And by the way, who elected Ben Bernanke? Who elected Alan Greenspan?" Now is the time for Americans to fan the flames. Call your congressman and two senators and ask them to support Paul's bill, which would abolish the Fed. There can be no end to these manufactured financial crises until the government gets rid of the Fed and replaces it with honest, debt-free money. *** exposing the hidden truth for further educational research only *** CAVEAT LECTOR *** In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. NOTE: Some links may require cut and paste into your Internet Browser. Please check <http://tinyurl.com/33c9yr> http://tinyurl.com/33c9yr <http://groups.google.com/group/total_truth_sciences/topics?gvc=2> http://groups.google.com/group/total_truth_sciences/topics?gvc=2 for more real news posts and support the truth! (sorry but don't have time to email all posts) free book download: <http://www.lulu.com/content/165077> http://www.lulu.com/content/165077 or http://www.lulu.com/items/volume_63/165000/165077/21/print/165077.pdf <http://blogs.albawaba.com/alexanderjames> http://blogs.albawaba.com/alexanderjames http://blogs.albawaba.com/Alexanderjames/page/links http://bb.domaindlx.com/alexjames999 *** Revealing the hidden Truth For Educational & Further Research Purposes only. *** Welcome to Real News Edited excerpts, non-partisan, pro-truth-honesty-peace, and anti-war-lies-crime. 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