Would it ever be possible to get rid of the Federal Reserve that creates money from nothing and charges us?

Answer 1

from my understanding and what I read the federal reserve is a bank, privately owned, and is the reason for the depression, they deliberatly withheld putting money into the system and people's debt did not decrease, people still had to find money to pay those debts but there was less in the system, many lost their homes and farms and rich stockholders were able to come in a buy companies they coveted for pennies on the dollar.

government is allowed to coin money interest free and determine the value there of. if the economy grows greater than the amount of gold, (which they are always still finding in mines around the world, )silver, then just raise the value of teh gold and silver.

also the federal reserve bank is just a part of the world banking system owned by the same people or should I say families. the fed reserve act of 1913 was illegally ratified.

those in times past who tried to dismantle it were murdered. sometimes whole families were murdered. before the fed reserve act there were no depressions, there was prosperity and the nation did just fine without all the meddling of the fed reserve (which not federal at all) and without heavy taxation we have today.

hasn't anyone noticed that the more taxes they pay the less prosperity the majority get to enjoy? or the harder they have to work to maintain their basic lifestyle and the only ones who seem to be enjoying progressive prosperity are the already wealthy who pay the least taxes overall? or the more taxes paid to try and lessen the problems they claim the taxes are for poverty and poor medical care and housing is actually worse not better?

why do people keep excusing their leaders when they make mistakes and realize these are not accidental mistakes they are making?They have one agenda and that is wealth and power for themselves and their families not for the people.

The federal reserve is a monster devouring everyone in it's way of power, and the government is afraid of it. those not, work with it because they prosper too if they support it.

remember banks are runned and owned by people, and a organization is only as good as the people in it, so that should tell you the kind of people running the world. And I can tell you they are not saints not by a long shot.

RRRRR

Answer 2

Of course it is possible. Just takes an act of congress.

However your question may be based on unwarranted concerns

- "...creates money..." - It is necessary for government to create money to sustain a growing economy. Look at the severe business cycles of the 1800's to gain an understanding. If the money supply cannot expand with the economy, it pulls the economy back down like a rubber band. (Read up on "Panic of ..." in the 1800-1907)

- "...out of nothing..." - Precisely. Why did every major country go off the gold standard in the 1900s? Because the supply of gold could not keep up with a growing economy.

- ".. charges us..." - I assume you are referring to the fact that the Fed introduces new money by purchasing interest-generating T-bills with thin-air money. But did you know that the money is returned to the treasury? By law, the Fed must give all income after expenses to the Treasury at the end of the year. Last year the Fed budget was $2.9B. It earned almost $30B in interest so it returned about $27B to the Treasury. If you think about it, since the Fed budget is covered by 10% of the debt it owns, all new money is issued "interest-free".

As a taxpayer, that's a great deal. if the Fed buys a T-Bill, 90%+ of the interest is returned making almost interest free. If anyone else buys it, you the tax payer have to pay full price on that interest.

Answer 3

It is interesting how the Federal Reserve regulates how much $$$$ it puts out---which in turn determines our own country's inflation.

Sadly, ridding of the U.S. Federal Reserve is not possible because ALL countries have their own monetary reserve---which meddles with global inflation....which affects ours.

Think of it as a sort of money making "cold war".

If the Fed Reserve were to announce toilet paper is now of value, Fort Knox would toss out the gold and stack Charmin to the ceiling---and thuggie crack heads would be killing each other for the stuff!!!

Answer 4

Mortgaging your destiny??? sounds like an excellent theory and that i could only like to sign as much as that one...it in actuality ability that till now you even commence off interior the super rat-race, you're indebted to somebody. If anybody available believes that there is not any longer some thing 'questionable' with the Federal Reserve (The call will develop the 1st alarm bells!) then you definately are the two blinkered, or in on it. the completed device is desperate up on a continuously rotating foundation so as that government requests funds, fed prints it with pastime, IRS then costs taxes to the country....and on it is going. of direction that's all criminal - because of the fact THEY WRITE THE BLOODY regulations!!! i'm helpful if Fed-Up became into in a position to print funds and write regulations, she could be able to declare it became into criminal too. what isn't criminal nevertheless is paying your taxes by ability of the IRS...in case you do away with that stone from their immoral pyramid, then it collapses....commence staring at lawsuits the place human beings have refused to pay taxes and characteristic been acquited because of the fact the jury asked to work out a regulation that states you should pay taxes - there is NONE FOR the guy. think of roughly it; how else ought to they wreck out with it in the event that they weren't utilizing scare procedures with IRS tax, and writing regulations themselves??? How do you think of the appropriate removing became into surpassed??? They surpassed it jointly as maximum congressmen have been on holiday for the yule wreck...why do this if it became into above board??? you're being performed with human beings, and you're able to desire to rouse and realize it. For those of you who think of this is a political debate between Democrat, Liberal, Conservative or the different label you decide directly to apply; think of lower back, because of the fact THIS A HUMAN situation THAT concerns US ALL.

Answer 5

Every private bank creates money. The key purpose of the Fed is to regulate the economy to prevent extremes such as the Great Depression. To date it is doing this quite well.

Answer 6

It's a separate entity that has nothing to do with the Gov.... Right, like these guy's don't play Golf Together.

Answer 7

Of course it would be possible. Congress could do it whenever they wanted to. Of course, it would cause a major recession.

Answer 8

Let us into Fort Knox and see whats really in there.