2009-08-12T07:54:05Z opencongress.org tag:opencongress.org,2007:/bill/comments/54714 2009-08-12T07:54:05Z tag:opencongress.org,2009-08-12:/comment/117643 chefcj As has been proven in the recent and not so recent past, the market can not regulate itself AT ALL. Greed in the marketplace has taken away ability to self-regulate, like a puppy with an open bag of food, eat until it gets sick and then eat more.The government has enough to to without trying to spending months making a decision that requires hours to make. The sole purpose of the foundation of the Fed was to have a separate entity to establish these markers for the economy to operate within to regulate the overall picture. Rep. Paul wants to point the finger at them for giving money away whn it is the market itself that fell apart and require some type of intervention before a complete implosion. Even Former Chairman Greenespan said that he never thought that the market would do things that would be so self-destructive for short-term profits. Look it up. 2009-02-05T20:59:47Z tag:opencongress.org,2009-02-05:/comment/83901 McLieberman 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. 2009-07-14T10:08:53Z tag:opencongress.org,2009-07-14:/comment/113187 lbrownusc59 Does anyone really want the Obama administration to 'manage the fiscal and financial engine of the United States? Folks, it sounds nice to abolish this and that with one swift bit of legislation (at least Mr. Paul's bill is less than 10 pages). However we must always be very careful of what we wish for-- It may come true. What happens after the Fed is abolished? Seems to me far better to deal with enemies we know. By the way the people are in charge. Think not, try the ballot box; and post cards, not email, with handwritten notes, one at a time. 2009-03-31T12:06:57Z tag:opencongress.org,2009-03-31:/comment/99892 mattpileggi 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? 2009-02-12T10:33:55Z tag:opencongress.org,2009-02-12:/comment/85860 DavidPhila 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. 2009-06-23T00:05:47Z tag:opencongress.org,2009-06-23:/comment/110471 mizentropy 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! 2009-06-23T00:00:30Z tag:opencongress.org,2009-06-23:/comment/110463 mizentropy 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! 2009-02-08T01:21:46Z tag:opencongress.org,2009-02-08:/comment/84586 Anonymous Talk is cheap, get your asses up from your chair and let's start a revolution dammit! 2009-02-09T17:41:28Z tag:opencongress.org,2009-02-09:/comment/84970 rumcho 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. 2009-05-11T08:31:50Z tag:opencongress.org,2009-05-11:/comment/106328 danholzer34 Abolishing the fed and eliminating the income tax are the first steps on the path to starving the progressives out of existence. 2009-05-08T08:43:42Z tag:opencongress.org,2009-05-08:/comment/105984 danholzer34 This is a wonderful idea.The powers that be WILL NEVER LET IT BE ABOLISHED! 2009-04-22T09:35:17Z tag:opencongress.org,2009-04-22:/comment/103749 mrlargo Even better would be to abolish a federal bank by amendment. 2009-04-22T09:34:24Z tag:opencongress.org,2009-04-22:/comment/103748 mrlargo 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. 2009-02-05T14:23:04Z tag:opencongress.org,2009-02-05:/comment/83681 Repeal You need to watch Zeitgeist: Addendum at http://video.google.com/videoplay?docid=7065205277695921912 to truly understand... 2009-04-19T22:56:12Z tag:opencongress.org,2009-04-19:/comment/103389 Watchman72 Hi everyone. I am 36 years old and wonder why did't they do anything before. I just recently woke up. my eyes have been closed for 7 years. After being introduced to Alex Jones and watchimg EndGames and Obama Deception, I can't believe anything my government says because we the People do not run the government. The Bilderberg Do! As I learn everyday, I work real hard to help Abolish the Fed Support HR 833. 2009-04-19T13:55:28Z tag:opencongress.org,2009-04-19:/comment/103350 dkwalburg There are the secret people; the masons, the oddfellows, the Federal Reserve, cockroaches....they all run when the light comes on. Evil begets evil. Evil thrives on darkness. 2009-04-12T19:03:37Z tag:opencongress.org,2009-04-12:/comment/102183 TheBatman 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. 2009-02-06T01:13:00Z tag:opencongress.org,2009-02-06:/comment/83949 Anonymous 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. 2009-04-03T08:14:57Z tag:opencongress.org,2009-04-03:/comment/100491 kgotjesus2001 If this were to pass, we could have our country back and most of our problems would be solved! 2009-04-02T00:14:34Z tag:opencongress.org,2009-04-02:/comment/100223 glenn_cer we put