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Congress Debates the Federal Reserve: Reform or Abolish?
In a rare moment of bipartisan unity, lawmakers and economists on both sides of the aisle largely agreed on two points: The Federal Reserve System as it stands is hurting America and something must be done to stop it. Just what exactly needs to happen, however, was the subject of considerable debate during a Subcommittee on Domestic Monetary Policy hearing Tuesday chaired by sound-money advocate and GOP presidential contender Rep. Ron Paul (R-Texas).
Dr. Paul, of course, has become famous around the world for his tireless efforts to audit, expose, and abolish the central bank. He even published a best-selling book in 2009 entitled End the Fed, a title that has become a rallying cry for millions of Americans angry about the institution’s multi-trillion-dollar bailouts, market manipulations, corruption, and debasement of the currency.
The subcommittee hearing, entitled “The Federal Reserve System: Mend It or End It?”, examined a range of different proposals to reform the nation’s monetary system — it was supposed to look at six different options emanating from both parties. One of the measures on the agenda was Congressman Paul’s own “Federal Reserve Board Abolition Act,” legislation to dismantle the central bank and restore sound money based on market principles.
Originally posted by tw0330
"Hey, lets discuss it then the sheeple will think we are on their side. Then when it is time for a decision to be made, we can split along party lines, and people will blame the opposing party for not fixing the issue. Any and all proposals will be shot down, and we can save face, and keep our money and power they have allowed us to have over the people."
Do you honestly think the powers that be will allow this? Fact is the FED own them, and can easily blackmail congress and our country.
Sorry this is nothing but a smoke-screen
I hope I am wrong, but remember these are the same people who voted for NDAAedit on 9-5-2012 by tw0330 because: (no reason given)