Can we lobby congress to buy back the federal reserve?

Question

Let's come up with some strategies and show the rest of the world that they can be free of these chains that shackle nations to the international banking cartels.

Answer 1

First,
We need to demand that money not be printed from nothing. We need monetary backing to all our paper currency.

This would make it very difficult to perpetrate false inflation.

We need to study and interpret to the layman the workings of the IMF(International Monetary Fund)
Its a legal thiefdom.

And yes we need to buy back the fed. This will never happen without a fundemantal shift in the power politics of the American legislature and People.The best way to accomplish this?

REVOLUTION

If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom... go home from us in peace. We ask not your counsels nor arms. May your chains set lightly upon you and may posterity forget that ye were our countrymen." -Samuel Adams

Answer 2

This is a highly interesting notion you come up with. Apparently you are one of the few who actually thought about money and monetary instruments as such.

Before i answer your question, i have a message to the first answerer: "The federal reserve was never federal. There is nothing federal about it. There never even was something federal about it. It is just a name. The federal reserve bank is owned by other backs, such as Chase."

Created in 1917 the "Federal" reserve is a brainchild of conspirators gathering on Jekyll Island. They created a central bank, but in order to avoid the bad connotation that the word has, they named it "Federal" to leave the impression that the U.S. government is backing it. In reality, nothing is backing it other than the law that paper money must be accepted as legal tender. Of course, today this law is violated hundreds of thousands of times annually, because no one can buy an airline ticket using the "legal tender" in their hands. They must use plastic money; a replacement even worse than paper.
We have to face the fact that our money is no worth anything. It is not backed by gold, it is not backed by assets of any kind at all. It is backed by a law (written on paper) and by a promise (written in nothing) that the green paper we are holding in our hands has actual value.

There is a reason why the gold price has gone up over the last few years so tremendously. The rich and super-rich see that the Bush junta is running up a debt that cannot be compensated by normal economic means anymore and will lead to a high to VERY high inflation. Refuge in Gold is for them the ways to go.

The "Federal" reserve bank should seize to exist and the government should create and call it a central bank where the money issued is backed by hard assets. In this way we could only create new money when new assets are being created. This would curtail all inflation and our money would keep it's worth. Of course the politicians do not want that, because that would mean that they would have to have sound policies and do a good job. They would become subject to measure and would have to stop creating money (using federal debt) out of thin air.
Also the banks would have to stop creating money, because right now for every dollar a bank has in assets, it can lend out 9 dollars to the public. Although we are paying interest on each dollar we lend from a bank, the bank doesn't even have to have the remaining 8 dollars physically sitting in their coffers (and we are talking PAPER dollars here). So we are getting some electronic numbers on our accounts with the bank irresponsible to back 8 of those. Now isn't that a license to print money?

So if our money would have a backing, the policy of banks to create 9 times the loans would have to seize automatically. Of course, banks would fight the notion of the Gold standard vehemently. Who, you may ask, canceled the gold backing of our currency? Well, it was Richard M. Nixon, a republican, in early 1970's.

Answer 3

Lobby all you want, but without a substantial amount of monetarial...persuasion...you may not get very far.

Answer 4

When was it sold?