The Federal Reserve Bank is a private company. It has been contracted with the US Government to handle the money. Don't shut it down. It has the right to exist as much as any other private enterprise. Instead, decouple it from the US Treasury, and put American money back under the Treasury. If necessary, start a bunch of US Treasury banks all over the country - banks that would follow what the Constitution says. People could still use Fed money, but they would have their choice to use US Treasury notes if they wanted. Note that the Treasury would replace their Fed money for US Treasury notes if they wanted. Treasury notes would be backed by and be redeemable by gold or silver. Which would depend on the size of the denomination: $1's, $5's, $10's and $20's by silver; higher denominations by gold. Also, no more duplication of funds when borrowing US Treasury money. Rather, true loans based on the strength of government alone.