100 Reasons To End The Fed

Categories: Announcements, Discussion, Open Mic, Reflections





4. American economist Irving Fisher said: “Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.”


6. The reason you or I would be arrested for counterfeiting is it’s theft! Every bill you create in bad faith, which doesn’t actually represent the creation of real goods and services, real value that has improved life by directing resources to their most productive uses, is a lie and an appropriation of value from the rest of the world, which gives the counterfeiter goods and services in exchange for nothing, because he or she did not actually create anything of value in return.

7. This is true of what the Federal Reserve does: “Neither paper currency nor deposits have value as commodities, intrinsically, a ‘dollar’ bill is just a piece of paper. Deposits are merely book entries.” – Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975


9. This situation, in which you or I would be arrested for doing something the Federal Reserve does every day, is the hallmark of institutionalized theft and a legal system turned on its head. As French economist Frederic Bastiat said in the 19th century: “But how is this legal plunder to be identified? Quite simply… See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.”

10. The inflation that results from the Federal Reserve’s massive counterfeiting operation steals from hardworking Americans by diminishing the value of the money they earn.


12. In this way, inflation works as a hidden tax– one of the steepest and worst taxes Americans have to pay.


14. If government overtly raised the average American worker’s taxes to 90% tomorrow, there would be a revolution in this country. No American worker would tolerate the affront to his life and property.



17. Inflation hurts the poor and middle class the most because rising costs of living don’t affect the large budgets and lavish life-style of the wealthy nearly as much as they affect struggling middle class Americans who already struggle to pay for expenses at their present cost; and rising costs can positively break the budget of poor families who are already just barely making ends meet.

18. The Federal Reserve’s racket also hurts the poor and middle class the most because as inflation raises their cost of living, the Fed simply prints more money and lends it out at low interest to wealthy banking establishments, which can lend out and profit from the new money before it circulates, devalues the rest of the money, and raises everybody else’s prices.

19. In this way, central banking is unambiguously a policy of class warfare, a vicious economic war on poor and middle class working Americans, a blank check written out to the already wealthy establishment and signed with every bead of sweat and every aching muscle of every struggling wage earner in this country.

20. “Of all contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.” -U.S. Senator and politician, Daniel Webster

21. And this class warfare isn’t merely confined to the United States. It is no coincidence, after a decade of monetary expansion unprecedented in history, that dollar-traded global commodities like wheat are becoming so expensive, that food shortages in the Middle East are one of the most important (though least discussed) factors in the “Arab Spring” revolutions that have toppled governments. The banking establishment profits by investing in third world hunger.

22. For these reasons, any Occupy Wall Street supporter, any honest progressive, any purported friend to labor and working class interests, any humanitarian who seeks to relieve the world of poverty and hunger should make ending the Federal Reserve central banking system his or her number one priority.

23. Inflation has other perverse macroeconomic effects that make us all less prosperous. For example, it rewards people who live beyond their means at the expense of people who save because it is easier to pay off today’s debts with weaker future dollars.

24. This is why inflation encourages borrowing and debt while discouraging lending and saving.


26. As a result, inflation slows economic growth and the creation of real value.

27. This is one of the major factors in what caused the economic contraction that Americans are currently still suffering through.

28. Before the creation of the Federal Reserve in 1913, economic contractions were called “Panics” and were usually very short lived. It was after the creation of the Fed, that the United States would sink into multiple, deep, and long-lasting recessions and depressions.


30. The Federal Reserve System pumps bank reserves full of paper “money” that it prints out of nowhere- as a result, banks over-lend because a bank lends on the basis of its reserves, and with an artificially-growing reserve, a bank will extend an artificially high amount of credit.

31. This is exactly what fueled the over-speculation that would ultimately cause the Great Depression. That’s right- the Fed caused the Great Depression.


33. The Great Depression sunk the entire world into a global depression, creating the economic circumstances of desperation and dire poverty that allowed autocrats like Hitler and Mussolini to rise to power and assume to themselves “temporary” emergency powers.


35. The Fed is a major contributor to the start and duration of many other wars, as its unchecked ability to create money and lend it to the United States Treasury helps the regime in Washington to fund its protracted, interventionist wars overseas via borrowing and deficit spending, without overtly raising taxes on the American people so that they feel the immediate costs of war.

36. Knowing they have a seemingly endless reserve of money to borrow from in order to profit from war, the Fed’s very existence encourages rent-seeking behavior from major corporations in the military-industrial complex, who have every incentive to lobby for more war and bigger contracts for the weapons of war, while enlisting the media and an unwary public in the beating of the war drum.

37. The Fed and the currency it creates are likely responsible for many other wars in a more direct way.There is ample evidence to believe that Washington went to war in Iraq and Libya to topple regimes that threatened the hegemony of the dollar as the world’s currency for trading oil. The reason Washington has to go to war to protect the value of the dollar is because its value is a fiction to begin with, the result of its militarily and politically supported role as the world’s reserve currency, not the result of any real measure of productivity and wealth creation.

38. In this way, the Fed and the secondary and tertiary effects of its machinations on global politics and the economy result in the destruction of wealth, not only by theft via inflationary increments, not only by the resulting misallocation of resources to their less productive uses, but by the overt destruction in fiery explosions of capital and labor (labor here, is a euphemism for people’s lives, by the way) that happens in the course of war.

39. Meanwhile, the endless funding spigots of the Federal Reserve Bank serve as the source of the endless stream of “foreign aid” that Washington sends to its client states abroad by the tens of billions, despite having no money itself. This foreign aid mostly ends up in the hands of wealthy and corrupt military dictators like recently-deposed Egyptian President Hosni Mubarak.

40. For all of these reasons, if you are earnestly antiwar, if you believe that the effects of war are destructive, horrific, unnecessary, and evil, then one of the most important things you can do to end the madness is cut off the funding for it by supporting an end to the Federal Reserve Bank.

41. In addition to the Great Depression and subsequent world-historical events that happened as a result of the Great Depression, the Federal Reserve was responsible for the stagflation of the 1970s, a period of economic contraction that happened concurrently with high inflation, something that was considered impossible according to the entire economic philosophy behind the Federal Reserve.

42. In a 2003 speech, even Ben Bernanke admitted this about the 1970s stagflation: “… the Fed’s credibility as an inflation fighter was lost and inflation expectations began to rise.”

43. The Fed also caused the over-speculation that happened during the 1990s Dot-Com bubble, which crashed and burned when the party was over and very little real value had been created by many of the Dot-Com companies.



46. With a record like this, you’d think the failure of central banking would be universally accepted as true. The Fed’s twin mandates are price stabilization and job creation. With the dollar so radically diminished in value since the Fed’s creation and positively abysmal job creation over the last decade, the decade in which the Fed has been most active, the Fed fails to accomplish even its own goals on its own terms.


48. The Fed is not even a part of the U.S. government. It’s a secretive, private, central bank.


50. In fact, in Lewis vs United States, June 24, 1982, the 9th Circuit Court ruled that “the [Federal] Reserve Banks are not federal … but are independent privately owned and locally controlled corporations… without day to day direction from the federal government.”

51. As such, the Fed’s members and decision-makers are unelected officials who wield immeasurable power over our lives, property, and future.

52. Such power concentrated in the hands of so few is opposed to the republican values of the United States.


54. As Congressman Louis T. McFadden said when speaking in the U.S. Senate: “The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers.”

55. American Founding Father, James Madison said: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance.”


57. “Whoever controls the volume of money in any country is absolute master of all industry and commerce.” -U.S. President, James A. Garfield

58. The Federal Reserve is secretive and lacking in transparency, a quality nearly universally accepted by Americans as a necessary part of proper governance and as a measure against corruption. There has never been a full, top-to-bottom, public audit of the Federal Reserve Bank.

59. The Fed’s apologists are constantly claiming that there is already plenty of transparency in the Federal Reserve System (even though there really isn’t) and fighting a full Fed audit tooth and nail, scare mongering about the politicization of monetary policy. What are they so afraid of the American people learning?



62. “Everything secret degenerates, even the administration of justice; nothing is safe that does not show how it can bear discussion and publicity.” -English historian, Lord Acton

63. “Secrecy is the beginning of tyranny.” -American author, Robert A. Heinlein


65. When the American people recently did get a partial, one-time audit of the Federal Reserve in the Dodd-Frank Wall Street Reform and consumer protection bill, they learned about all kinds of corruption and suspicious activity at the Federal Reserve, which shows just why Fed apologists are so opposed to a full audit. Any observer cannot help but wonder what the partial audit didn’t uncover.

66. For instance: at the height of the financial crisis, from 2007 – 2010, the Federal Reserve created over $16 trillion out of thin air and loaned them out at functionally zero percent interest to foreign central banks and big Wall Street banks.

67. This might have been the largest single transfer of wealth in human history, the single greatest financial event to have ever happened, and it happened in secret, without your knowledge, without your consent, without your oversight, and when it was uncovered by the partial, one-time audit, even then it was hardly reported or discussed in the mainstream media.

68. This shows that even when the information is available, the Federal Reserve system has been uncannily insulated from public criticism, scrutiny, or even discussion. One is reminded of some cultures where it is considered bad luck to speak out loud of the devil.

69. The one-time Fed audit also revealed shocking conflicts of interest at the Federal Reserve that the public had not been aware of and would not have been without this public review of the Fed’s policies. At the New York Fed, for instance, many employees and contractors were allowed to keep investments in companies that received Fed loans. Think that might be a recipe for corruption?

70. The Federal Reserve System is unconstitutional.

71. American historian, George Bancroft wrote: “Madison, agreeing with the journal of the convention, records that the grant of power to emit bills of credit was refused by a majority of more than four to one. The evidence is perfect; no power to emit paper money was granted to the legislature of the United States.”


73. The Federal Reserve bank is a coercive monopoly, and coercive monopolies are bad.

74. Think about this: the Federal Reserve does with money what Fannie Mae and Freddie Mac did with housing.

75. Actually… the Federal Reserve does with housing, what Fannie Mae and Freddie Mac did with housing.

76. The Fed has perpetrated more abuse on the American people than Fannie Mae, Freddie Mac, AIG, and Enron combined, while hemorrhaging money like oil spilling out of the Gulf of Mexico (with just as much complacency from the federal government about doing anything to stop it).


78. Woodrow Wilson, who was President at the time of the Federal Reserve’s creation, came to deeply regret signing the Federal Reserve Act into law.



81. In fact, as Congressman Wright Patman said: “The Federal Reserve bank buys government bonds without one penny.”


83. “This [Federal Reserve Act] establishes the most gigantic trust on Earth. When the President signs this bill, the invisible government of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill.” – U.S. Congressman, Charles A. Lindbergh, Sr.

84. For these reasons, if you are an honest, limited-government conservative, if you believe government has gotten too big and overstepped its bounds, you should make abolishing the Federal Reserve System your number one priority.

85. The U.S. existed for over a hundred years without the Fed- the world will not end without it now. I promise.

86. The world certainly wouldn’t end as a result of auditing it.



89. American reformer and abolitionist, Horace Greeley wrote of independent central banking: “While boasting of our noble deeds, we are careful to conceal the ugly fact that by our iniquitous money system we have manipulated a system of oppression which, though more refined, is no less cruel than the old system of chattel slavery.”

90. “To be controlled in our economic pursuits means to be controlled in everything.” -Economist, Fredrich von Hayek


92. “The bold effort the present (central) bank had made to control the government … are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.” -U.S. President, Andrew Jackson

93. “If Congress has the right under the Constitution to issue paper money, it was given to be used by themselves, not to be delegated to individuals or corporations.” -U.S. President, Andrew Jackson



96. “Paper money eventually returns to its intrinsic value — zero.” -Enlightenment philosopher, Voltaire

97. “Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.” -U.S. President, George Washington

98. “We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people.” -U.S. Senator and politician, Daniel Webster


100. If we don’t end the Fed soon: mark my words- THE DOLLAR WILL COLLAPSE. Period. No- exclamation mark!


2 Responses to “100 Reasons To End The Fed”

  1. stephen weber

    Oh Pooh!

    The Fact is we need to do what our foreFather’s intended.

    We should get Greece as our 51st State. With the FED as part of our Government strings, we consider ourselves the STANDARD MONEY. So lets buy up the really good land.. I mean Hawaii….. If it wasn’t for the Land of Hawaii and the Tall natives we would have passed it by.
    Greece !!!! Come on guys… Lets make it our Bro.

  2. Maxine Holz

    Here are 5 Alternatives to the Federal Reserve:




