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News Link • Federal Reserve

The “Fed” turns 100 yrs old: Time to Pull the Plug

• Free Patriot Press
Just two years ago the first “End The Fed!” rallies were being held in 39 cities across the country. It's now been 100 years since the creation of what became the Federal Reserve – it's time to pull the plug! Legislation to audit the private central bank garnered over 300 co-sponsors in the House and 30 in the Senate during the 111th Congress. Legislation will be introduced in the next Congress as well. I'm confident that one of the two Dr. Paul's will also introduce legislation “To repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage.” However, it is being reported Treasury Secretary Timothy Geithner has warned Republicans against politicizing the central bank. “It is very important to keep politics out of monetary policy,” Geithner said, “You want to be very careful not to take steps that hurt our credibility.” As if having a $14 Trillion debt is “credible”? This is the same Secretary Geithner who at

1 Comments in Response to

Comment by Olde Reb
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 The economic scheme imposed by the Federal Reserve is a self-destructive Ponzi scheme predestined to inherent national bankruptcy. Any Ponzi scheme, including the Fed, cannot survive downsizing (or deflation) such as QE2. Ref: Rip-off by the Federal Reserve, ; QE2--A Rational Course of Action ?? , 

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