H.R.833 - Federal Reserve Board Abolition Act

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes. view all titles (3)

All Bill Titles

  • Official: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes. as introduced.
  • Popular: Federal Reserve Board Abolition Act as introduced.
  • Short: Federal Reserve Board Abolition Act as introduced.

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Displaying 1-30 of 55 total comments.

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    rumcho 02/09/2009 12:41pm

    Zeitgeist Addendum is another socialist manifesto – please do not encourage people to watch this bad film. Just to give others an idea about the movie: money is bad, get rid of it, pay with something else like “productivity”… or some nonsense like that.
    Baloney.
    People should learn about economics, the laws of supply and demand, the Federal Reserve and fractional reserve banking and why fractional banking is a fraud and how the process of fractional reserve banking creates money out of thin air. Zeitgeist Addendum will only confuse you and is absolutely wrong.

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    mrlargo 04/22/2009 5:35am

    Even better would be to abolish a federal bank by amendment.

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    mizentropy 06/22/2009 8:00pm

    The way money is created in our present system IS bad.This whole concept of interest on money created out of thin air is crazy!No wonder these bankers are so rich. I saw Zeitgeist and it seemed like a great way to live, however impractical and impossible. But then I was reading “Web of Debt” and the American Colonists created money out of nothing too and it worked fine. Money is not the problem, it is the artificial scarcity of money that bankers create when they charge interest that is the problem. W should abolish bankers!

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    mrlargo 04/22/2009 5:34am

    No, you just need to read up on Fractional Reserve Banking to understand. For anyone that wants to see Zeitgeist, be prepared to have a lot of what you believe in attacked. This is above and beyond the correct information that it presents on banking and money creation under our current system. The rest of Zeitgeist is up to you as far as your beliefs. Just be prepared for it. It has a social agenda all its own.

  • McLieberman 02/05/2009 3:59pm

    This should of been done 80 years ago. About time someone in CONGRESS recognizes the destructive policies and who really runs the Federal Reserve… the Greed and Power Tyrants of the banking industry.

    The problem is the corrupt socialists and chromed communists in Congress that are bought and paid for by the Banksters.

    Time to end the PONZI scheme and theft of Americans.

  • Anonymous 02/05/2009 8:13pm

    Its interesting to me that the very people we are bailing out, basically own the federal reserve!!! The other day i was talking to an co worker and i was telling him how america owes most of its debt to the fed who is owned privately, and he would not belive me. Its sad that we issue value to paper when true value is found in food and water, and physical protection of those things. I know who im supporting, because the more i listen to this guy, the more his values are in line with mine.

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    TheBatman 04/12/2009 3:03pm

    It’s not about Republican or Democrat anymore.

    Both parties have failed.

    I grew up a republican until I woke up and realized that I embraced some of the same values, but not all of any single party.

    I believe in the constitution as it was written without further amendments, small Federal government with minimal power over the people, and freedom.

  • Anonymous 02/07/2009 8:21pm

    Talk is cheap, get your asses up from your chair and let’s start a revolution dammit!

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    Abramsgavin 03/23/2010 10:50pm

    Shoot… when Martial Law comes come find me, give me a Gun and Ammo, and I’ll make myself one of those stove Chest protects like Marty McFly did in Back to the Future did. And I’ll find lead a Squad of men against the New World Order

  • Anonymous 02/08/2009 3:43am

    Watch Money Masters instead of Zeitgeist: Addendum. Zeitgeist: Addendum proposes some sort of cashless hocus pocus system based on hugs and flowers, and that will never work. Then get a copy of Creature From Jeckyll Island. Then get really pissed and start doing something about it. Educate your family and friends. Prepare yourself for a potential food shortage. But most of all, apply pressure on your congresspeople to pass this bill!

  • hank 02/09/2009 5:35pm

    Return the power to the people. We wouldn’t have had a bubble if the market had governed interest rates!

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    UniverseMan 02/11/2009 8:46am

    Comments like that don’t do anyone any good, least of all you.

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    DavidPhila 02/12/2009 5:33am

    Not sure what your point is (since you don’t express any opinion on the topic of the thread), but I think “freakish and idiotic” is an accurate description of Paul’s action—introducing a frivolous bill to cater to the conspiracy-obsessed fringe even as the country is facing crisis.

    To suggest that the US doesn’t need a central bank to regulate banking, stop bank panics, manage monetary policy, control inflation/deflation etc. makes no sense, especially at a time like this when we would have multiple banks failing if not for the Fed.

    And the mumbo jumbo on this thread about the Fed being some sort of secret private thing is hogwash. Its status as “independent within the government” was established for good reason and descriptions of it can be read in numerous places.

    All of which is not to say that the Fed doesn’t deserve criticism. Like any policy-making body, it makes mistakes, sometimes bad ones. But the idea that it’s some sort of communist/socialist/ponzi scheme/secret cabal/PRIVATE BANKING CARTEL and that that’s the problem is a useless distraction from the real issues.

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    surfyogi113 02/12/2009 1:28pm

    To DavidPhila:
    If it’s “independant within the government” then why did the courts say they are NOT part of the government and DO NOT HAVE TO TELL US WHAT THEY DID WITH THE MONEY THEY STOLE FROM US? HMMM? Why did Bernanke say they don’t have to tell us where the money is??? The Fed has stockholders and they are a “For Profit” corporation. Wake up. Actually I don’t think you need to wake up…I think you’re paid for putting out rubbish on the blogs and trying stop the mass awakening that is occurring in regard to this criminal cartel. I don’t think anybody is as stupid as you pretend to be.

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    andyprays 03/15/2009 6:25am

    David

    You are sadly misinformed. It public knowledge and well documented and evidenced by anyone who really cares about their personal responsibilty to be aware, that The Federal reserve is not Federal, it is Not a bank and There are NO reserves. Read, study and know that it is private institution owned by a small group of bankers who make we the people, responsible for their greed and responsible to pay back and stand behind their private loans to people who can not afford to repay them and we the people have given these private individuals the power to create paper money in limitless quanities (this is called inflation). Look it up.

    Blessings!
    Andy

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    mattpileggi 03/31/2009 8:06am

    So you would support the opposite of what Thomas Jefferson had warned us about so many years ago when he said:
    ‘The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.’

    Have you even read the Federal Reserve Act? http://www.federalreserve.gov/aboutthefed/section4.htm.

    Why would repealing the Federal Reserve Act, eliminating fractional lending, restoring congress’ power to coin money and regulate the value thereof be something that would cater only to the conspiracy-obsessed?

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    mizentropy 06/22/2009 8:05pm

    Pick up some books and read!!!! Start with The Creature from Jekyll Island, WEb of Debt, Meltdown…. and others that explain what is going on with the FED. Just about EVERYTHING you wrote is incorrect!

  • Anonymous 02/11/2009 10:57am

    This country rebelled against England, i.e. the Bank of England, because those wise men knew this country would be held forever captive to a vicious cycle of never ending debt, interest and taxes England would make sure America could never repay. The Bank of England, still alive and all powerful, spawned the Federal Reserve Bank, both being PRIVATE BANKING CARTELS. Do your research folks. It doesn’t take much to connect the dots!!!

    The Power/Greed moguls, a/k/a Federal Reserve Bank, orchestrated the last “Great Depression” to insure their goals – the control of America. Their money has controlled every puppet administration since, except for one. JFK signed an Executive Order to eradicate these excuses for humanity from their deathgrip on America, but we know what that got him!

    Please people, WAKE UP, turn off your TVs, don’t buy the propaganda spewing from network news, do the research, seek alternative news sources for some truth, and share it with those around you before it’s too late!!! Washington is already working on lining up (6) defunct military installations to serve as “national emergency centers” (Bill H.R. 645 111th CONGRESS 1st Session) Did you know MARTIAL LAW is considered a “national emergency”?

    PLEASE EXERCISE YOUR AMERICAN RIGHTS BEFORE THEY’RE NON-EXISTENT!

  • Anonymous 02/12/2009 9:54am

    DavidPhila,
    The FDIC would help stop bank panics on their own by guaranteeing people’s money. “Control inflation?”….the last time I checked all the Fed has been able to do is produce positive inflation since 1933….sure it’s only a few percentage points a year for the most part but it’s been climbing for most of the 20th century. Before 1913 inflation was not assumed to be inevitable….check it out here. $100 acutally increased in value between 1813 to 1913….that’s unheard of nowadays.
    http://www.westegg.com/inflation/

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    Anonymous 02/21/2009 5:57pm
    Link Reply
    + -2

    Deflation can be just as damaging as inflation.

  • Anonymous 02/13/2009 11:33am

    I have one question. Why now? Why propose a bill now to abolish the fed when it has been in existence for a long time? Also why not make the fed part of the treasury and as being a part of the treasury and a non-private bank we could just wipe out the debt attached to the currency.

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    MTPatriot 03/04/2009 11:47pm

    Do you seriously believe that a private bank such as the FED would voluntarily hand themselves over to governmental regulation and control? You need to wake up friend. Do a little research on the history of the FED. You will scare the crap out of yourself.

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    andyprays 03/15/2009 6:33am

    No not without trying ever concieveable trick and political lie and deception. It was planned to be this way and will continue unless we, the people keep telling our senators and represenatives that they are out the door unless they pass this bill!

    HR 833

    So far, the ghestapo are not outside our doors, but unless we stop it they may not be far behind. No that is not a conspiricy theory, it is merely a statement of history. YOU have to DO something and quit just sitting there and being afraid of it!

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    MTPatriot 03/05/2009 12:03am

    Here’s why now.

    The Federal Reserve System once published a paperback textbook entitled “The Federal Reserve System, Proposes and Functions” (which can be found here http://www.federalreserve.gov/pf/pf.htm), was used as a college text book.

    This booklet explains the functions of the Federal Reserve: “Ann efficient monetary mechanism is indispensible to…the nation…The function of the Federal Reserve is to foster a flow of money and credit that will facilitate orderly economic growth, a stable dollar, and long-run balance in our international payments.”

    As Ralph Epperson stated: "It is a fair question to ask the Federal Reserve System, if the Americans haven’t had an “orderly economic growth, a stable dollar and a long-run balance in our international payments” which has been America’s history since the creation of the System, WHY IS IT ALLOWED TO CONTINUE?"

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    andyprays 03/15/2009 6:34am

    YES!

    It is just bad government and if mr. obama is really truthfull he himself will recognize the high cost and manipulation that is the FED and will support its demise!

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    ZAPEM 03/07/2009 4:11pm

    Do you have any idea how long Ron Paul has been trying to get this done? Ask your reps why it hasn’t gone through.

    This should have been passed a LONG time ago!

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    andyprays 03/15/2009 6:29am

    The Fed is NOT part of the US government. It is not even contracted. We the people have no more athority over it than you do over your car dealer except to not buy from him anymore when he cheats you. Yes, the bill returns athority to the US Treasury!

    HR833

  • seaside66 02/13/2009 6:19pm

    This is a FACT! They are plunging us into HUGE debt, debasing our currency and not even telling us where the money is going.

    If everyone is up in arms about the politicians passing the bailout, THEY SHOULD BE BLOOD RED over the fact that these International Bankers that control our system of currency, are taking it and not even telling us what they are doing with it…..RRRRRRRRR!


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