We can all thank Ron Paul for his relentless efforts to bring awareness to the American people, that our Federal Reserve System and their Marxist fiat monetary model are inherently corrupt. Indeed, every one of our nation’s socio-economic ills can be traced back to this institution’s deliberate manipulation of our money – which is the very foundation of our entire economy. Many have also finally figured out that this cancerous partnership between our government and The Fed has been foisted upon the American people in a long-term, systematic, surreptitious process of incrementalism, mainly because its very existence is unconstitutional.
Fortunately, there are a few who see it for what it is and understand that this system must be dismantled and Sound Money restored. In fact, more are becoming aware that this is indeed the ONLY means by which to restore real property rights for all Americans and bring real liberty back to the American people. Chief among those who both understand this and are currently embroiled in the Republican Primaries, are Rand Paul and Ted Cruz. What is interesting is their different approaches to this problem.
It’s now clear, at least to this author, that the Rand Paul strategy is to try to use incrementalism as the means to bring about a slow dismantling of the Fed. This strategy seems to have been passed down from his father (who spearheaded at least 4 prior House Bills to audit the fed - all of which passed, but then amounted to nothing). Every few years for the past 20, I have seen some new incarnation of a Ron Paul “Audit the Fed” bill introduced to Congress, and then come to a vote with much fanfare. Most recently, just prior to the senior Dr. Paul’s retirement from Congress, two companion bills were introduced simultaneously in the House and Senate, by the father-and-son duo of Ron and Rand Paul respectively. Ultimately, after the house-bill passed yet again (for the 3rd consecutive time) the Senate version stalled in Committee for more than 3 years under orders from corrupt Democrat Harry Reid – again to no avail.
As much as I admire and support both Dr.’s Paul, I have to ask myself; why do they continue to bother with the incremental approach? Is it because it required this incremental strategy to get the Fed system shoved down our throats in the first place ?
It took at least 3 or 4 generations since 1913—for the Marxist foundations of our fiat monetary system, our system of progressive taxes on income, property taxation, etc. – to take root in America before their effects were widely noticed (while continuing to falsely proclaim our country as “free-enterprise capitalism”). This incrementalism coupled with the false-flag tactic of blaming our consequent and mounting econonmic problems on the “Capitalism” they had already abandoned is how the leftists since Wilson and later FDR, were able to get away with implementing Socialism in America --without anyone noticing.
The question I now must ask is this: Is this same strategy of incrementalism is the best way to “un-do” these insidious and corrupt Marxist institutions such as “The Fed,” the IRS, and others?
After watching things unfold over these past 20+ years -- I've come to a different thought process on this. As much as I admire and respect Ron Paul, and his son Rand as well -- there is an old saying that goes something like this: "the definition of insanity - is doing the same thing over and over and expecting different results."
This push to audit the fed is nothing new. The only thing it has accomplished (other than to “raise awareness”), is to have wasted tens of thousands of billable hours of time for legislators and their lawyers, while having brought ZERO accountability to the Fed.
Continuing to take an incremental approach toward putting the Fed into line is not only a waste of time at this point; but it plays directly into the hands of those who control the Fed. All they do is laugh at these efforts, and continue to use their lapdog media to try to paint people like Ron and Rand Paul and other anti-Fed people as a bunch of tin-foil hat wearing extremists. After-all, if even the Pauls are willing to "incrementalize" something that should clearly be abolished ---- one has to wonder whether the Pauls themselves believe in the efficacy of their own ideas. Like I said … incrementalism hasn't worked over the past 20 years, and doing the same thing while expecting different results … well, you know the rest.
My view is this: let's stop pussy-footing around and finally just open this can of worms so that the American people stop being misled to the idea that the Fed should remain intact—but be "reformed" or "modified" in some way. That is absolute NONSENSE. The only way to restore real property rights and liberty for all Americans, is to restore Sound Money. That means money in accordance with Article 1 of the Constitution---which means, a precious-metal based commodity standard. That means --- No Federal Reserve in ANY form.
Article 1 – Section 8: “The Congress shall have the power … to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures; to provide for the punishment of counterfeiting the securities and current coin of the United States; …”
The Constitution further prohibits the US Congress from delegating any of its powers to another party. As such, the Federal Reserve Act has been in violation of this provision since the very beginning, so it’s time for Congress to make this right again, once and for all.
The US Dollar must be based on a fixed standard of a precious metal, its value and volume determined only by Congress, and therefore created only by the US Treasury. No middle-man, no debt. Read that again – NO DEBT.
This means No Fed. Not a "quasi-Fed" ... or a Fed that has been audited, or Fed that has been audited and then "incrementally" stepped toward a "new fiat money with more constraints." None of that is acceptable. We need to RESTORE THE CONSTITUTION – NOW – before it becomes a completely irrelevant letter. Incrementalism at this stage of the game only gives those in charge of the Fed time to continue their shenanigans and thus continue to sabotage the process of restoring our country’s bases for Constitutional authority.
We need SOUND MONEY.....nothing short of that will do. So let's grow a spine, state the truth, educate the people on this...and be done with it. To drive this point home, here is an Excerpt from the book Chase The Rabbit:
Ending the Federal Reserve System:
There are two ways to end the Federal Reserve System. It can either be done in a single bold legislative act, or it could be dismantled incrementally by transitioning the system toward that goal. Either way has certain pros and cons. As far as this author is concerned, I believe that this system must be dismantled as soon and as quickly as possible so that the corrupt, self-serving members of the Federal Reserve system will not be in a position to sabotage the process of restoring sound money—for they have every reason to do so.
Restoring the Gold Standard
Some authors have suggested that the Federal Reserve system could be reformed, in order to restore some stability while allowing the fiat system to continue. Those making these proposals are well intentioned, and they believe that taking such steps will set the stage for an incremental dismantling of the Fed. Incrementalism however is a counterproductive strategy in my opinion. I therefore disagree with these approaches and will explain why under each of their proposed tactics below:
Change the Mandate of the Federal Reserve
According the Federal Reserve’s website, “The Congress established the statutory objectives for monetary policy in the Federal Reserve Act as being: maximum employment, stable prices, and moderate long-term interest rates.” The Federal Reserve’s actions during the past hundred years reveal that they are far more interested in achieving the opposite. They willfully create targeted "market-specific" inflations (economic bubbles) and enact policy that maximizes unemployment in order to ensure that the corporations owned by their banking cartel have a desperate and underemployed workforce ready and willing to work for peanuts. If they haven’t fulfilled their existing mandate at any time in the past hundred years, what difference would it make to change their mandate now?
Adopting a Formal Rule to Guide Federal Reserve Decision-Making
The Fed has had formal rules intended to guide their decision-making process since it was founded. They have not followed those rules, and as Mr. Greenspan and Mr. Bernanke have told Congress on numerous occasions, they are not obligated to disclose the details of their actions and are not accountable to anyone. In fact, they have deliberately prohibited Congress any scrutiny of their adherence to those rules. It is for this reason that for the past thirty years former congressman Dr. Ron Paul has worked tirelessly to bring transparency and accountability to the secretive Fed. In 2009 and 2010 he introduced: HR 1207, the bill to audit the Federal Reserve. The bill passed as an amendment in the House’s Financial Services Committee and in the House itself. But eventually the most significant portions of the bill were derailed. Dr. Paul reintroduced Audit the Fed on January 26, 2011 as HR 459 along with a companion bill introduced by his son, Dr. Rand Paul, in the Senate as S202. Exactly eighteen months later on July 25, 2012, the House of Representatives overwhelmingly approved the Texas Republican’s bill with bipartisan support, and it passed 327–98. The Senate version of the bill, S202, however, has remained stuck in the US Senate Committee on Banking, Housing, and Urban Affairs, as Chairman Tim Johnson (D-SD) is under direct orders from Senate majority leader Harry Reid (D-NV) “not to let it out of committee.” As of this writing, this bill has remained stuck in the Senate committee on Senator Reid’s orders for more than two and a half years. For a US Senator to deliberately quash a legitimate bill from being voted upon by the Senate—a bill that has passed the House of Representatives twice—is a blatant violation of his oath of office and his obligation to his constituency. If the other US Senators were true to their own oaths of office, they would immediately act to remove Senator Reid from his position for his repeated and egregious violations of the public trust. Clearly the corruption has extended from the Federal Reserve banking cartel and into the halls of Congress. What good is a set of rules for decisions for either the Federal Reserve or the US Senate when the top-ranking members of both institutions willfully violate them?
Clearly, Senator Reid’s relationship with the Fed should be investigated for possible conflicts of interest. If such conflicts are proven, it would render him as incapable of continuing in his duties as a US Senator, and he should in that case be removed from office immediately.
Adopting a Full Gold Standard by Establishing an Official Gold Convertibility Rate for the Dollar
This is essentially restoring the system back to the pre-FDR structure. This is probably the best suggestion by those trying to keep the Federal Reserve system in some form, but as FDR proved, as long as the Fed system exists in any form whatsoever, the means to corrupt our monetary system will continue to exist as well. As long as a private banking cartel controls the nation’s money supply, whether on a gold standard or not, we will forever be fighting the thieves who are bent on robbing us of our property rights.
We must remove the wolves from the hen house once and for all.
Allow Competitive Currencies, Including Private Currencies Backed by Gold or Silver, to Circulate against Federal Reserve Notes
Friedrich Hayek, the Austrian economist who won the 1974 Nobel Prize in economics had written extensively on his mistrust of any government to maintain even an honest gold standard. In November 1977, Hayek asserted, “I am more convinced than ever, that if we ever again are going to have sound money, it will not come from government; it will be issued by private enterprise.” This form of monetary system is the model that is truest to the principles of a free-market economy. It represents the most honest monetary standard and should be held up as the ultimate goal for our monetary system. The most likely to be achievable step in this direction will be to end the Federal Reserve System and restore the gold standard with our Congress-controlled Treasury in control of our money, while allowing competitive currencies to come into being based upon market demand.
… End of Excerpt
Having watched the last two Republican primary debates, something struck me which began to differentiate Ted Cruz, from the rest of the candidates. First as a disclaimer, I must clarify that this is not to make any kind of endorsement; this is just my commentary on a strict observation of the events. In fact, until now; I have been for many years a Ron Paul supporter. Who I am currently in favor of for President I won't say in this article, because I haven't yet made up my mind.
Nevertheless, during the 3rd GOP debate on CNN, it was Ted Cruz who finally had the guts to mention restoring SOUND MONEY based on Gold, as the basis for restoring American principles to our governance. I applaud him for that. I can’t speak for others, but to me, this comment raised the question in my mind; “Is Ted Cruz the only candidate with the knowledge, the backbone, and above all, the courage, to do what is necessary to finally dismantle the Federal Reserve System and restore a true Free-Enterprise Capitalist economy in America?" What has surprised me most, is that Rand Paul has been nearly silent on the issues of sound money and property rights - while these are the cornerstones of a free and just nation.
This election is about restoring liberty, individual sovereignty, property rights, and Constitutional authority. As such--at this point--incrementalism be damned. Stop beating around the bush. The Federal-Reserve is a seven-headed fire-breathing dragon, bent on consuming the fruits of labor of every man and woman in America. You really think poking it with a finger is going to make it get in line? We the people need to decapitate this beast as quickly and as soon as possible, so that we can take back our property, the fruits of our labor, our homes, our families, and our very lives ... and time is running out.