Another option: Fed Nationalization

[Eric Reinhardt]

There's an old Rolling Stones song with the lyrics, " You can't always get what you want, but you get what you need." That stated, I believe it is very applicable to our situation. The REALITY is that the Federal Reserve will continue to exist despite our protestations. That said, what is the next best course of action with respect to the Fed? I believe it is to push for its nationalization. Here's why---with nationalization comes ACCOUNTABILITY and TRANSPARENCY. Presently, the Fed conceals much of its activity from public as well as from government scrutiny. By making it a part of the government, Fed officials would be made subject to ethics laws as well as impeachment. Today, House Banking Chairman expressed concerns over the new proposals by the Treasury Secretary to grant the Fed vast new powers. I plan to contact Frank to urge him to consider Fed nationalization and I believe others should do the same.

Also, wanted to refer you folks to a radio talk host who is an expert on the Fed. See link below:

http://my.usatalknetwork.com/group/andre

[Eric Reinhardt]

Corrected link:

http://my.ustalknetwork.com/group/andre

[Debbie McKee]

this is a start: Audit the Fed - HR 1207

http://distractiblehominid.blogspot.com/2009/03/lobbying-pack-for-h...

[Justin Mckay]

Nationalization is the opposite of what we want. We want sound money and a free market.

[Anthonism Lombardoneus]

The goal & the bottom line is "Sound Money"! I do not see how "nationalization" will correct fractional banking and printing money out of thin air which steals from the tax payer.

[Eric Reinhardt]

How does printing money out of thin air steal from the taxpayer?

Do you really want a FREE market, Justin? Derivatives and credit default swaps came about as a result of no regulation. In fact, they are still being utilized.

[Steven Vincent]

This belongs in the GENERAL DISCUSSION FORUM.

NOT the Leadership forum.

[Michael Aaron]

If they Nationalized and did become open to the public-- I think the public might be so mad that they will want to get rid of them....

I say Audit & Abolish....


Good Presidents NEVER compromised concerning Central Banks-- why should the people?

[Avery C Mac Cracken]

To Eric Reinhardt,
You are so absolutely wrong, in fact so wrong that I wonder if you are not a counter espionage mole in our organization sent to sow the seeds of evil amongst us. Get this and get this clearly, any human who says trust me with a money printing press is EVIL on their face! Period!!! And only evil men would argue otherwise. No person or committee or government can ever be trusted with such power. Absolute power corrupts absolutely and there is no more absolute power than the power to print raw mutable power, AKA money.
As to proper nationalization and the proper way out of this mess it's really quite simple. Nationalize, as in take. and give $1.00 in payment for, every asset, property, cash, land etc. that the Bankster families own. Which by the way amounts to most of America and most of its tangible assets. We then hold these assets for sale in gold and silver to fund our treasury's issuance of gold and silver money to "We the People." Meaning if you are a red blooded true American citizen (AKA no criminal invaders AKA no illegal aliens) then your bank account dollars and all federal debt that you hold will be converted dollar for dollar into the new old school money of gold and silver. Everybody else is holding on to U.S. Trade Dollars, meaning they are only good for buying U.S. exports and not convertible into our American gold or silver. As these trade dollars come home the Federal government may harvest through taxes or tarrifs the excess but has no power to print more. Because America is the #1 exporter in the world, we dwarf China, the value of these American trade dollars will hold value and be based on our ability to produce what the world might like to buy from us which is the way it should be. Problems solved! Wow that was hard to figure out. NOT! It only takes the will to execute.
Most Sincerely,
Avery C. Mac Cracken
American Constitutional Patriot

[Eric Reinhardt]

Please clarify for me Andy. Do you want to do away with paper money entirely?

And as for your assertion that I might be a counter espionage mole, I believe my work at the links below should put that PARANOIA to rest.

http://groups.yahoo.com/group/NationalConstitutionalConvention06

http://groups.yahoo.com/group/LibertyDistricts2008

[Mike Unlawflcombatnt]

If it's nationalized, taxpayers will be explicitly on the hook for every dollar they give away to rich banks. At least now, it's not completely explicit.

Economic Populist Forum

[Brian Spears]

You can crucify me before I'll settle for nationalization! I'll join the Amish before I'll submit to some fascist/communist/corporatist central bank! You've probably never read a word of Latin or Greek in your entire life, and you never will! You're a zombie, and a robot, and you have no idea what it means to be a human being! Live free or die, or become a subhuman species, like a soulless dog, you animal! Man does not live on bread alone! Freedom is the pursuit of truth out of love! May posterity forget you were ever our countryman!