From the john Birch Society: This article is right. When Wilson’s wife threw House out of the White house, he then convinced the Congress to give to 5 New York banks the right to make our money. These congressmen must have been given to them and their families millions of dollars for their life time to pass a law like they did. The Federal Reserve is not a Government organization, it is owed and run by Five of the richest Banks in the world that are in New York and they charge a hefty fee to manage and print our money. So this article from the John Birch Society looks like the right thing that this country should do. And abolish the Federal Reserve.
Will Sound Money Bills Spark an Audit of the Fed?
The Tennessee legislature is now considering bills to restore gold and silver as sound money! Rep. Ron Gant introduced HB212 and Sen. Dolores Gresham introduced the companion bill, SB333 in late January. If passed, gold and silver would be restored to legal tender and exempt from the state’s sales and use tax.
The Federal Reserve is the starting point of the pessimistic scenario. The chain of events begins with fiat money created by a central bank, which leads to government debt, which causes inflation, which destroys the economy, which impoverishes the people, which provides an excuse for increasing government power, which is an on-going process culminating in totalitarianism. Eliminate the Federal Reserve from this equation, and the pessimistic scenario ceases to exist.
Behind closed doors, the Fed crafts monetary policy that will continue to devalue our currency, slow economic growth, and make life harder for the poor and middle class. It is time to force the Federal Reserve to operate by the same standards of transparency and accountability to the taxpayers that we should demand of all government agencies.