Abolish The Federal Reserve Board in America [A Personal Reflection]

The Federal Reserve of the United States of America is just another waste of taxpayer's money and is one of the contributors to the demise of the United States in all of its spheres especially in the financial spheres. I even supported Ron Paul in his attempts to introduce legislation to abolish the monster that strangled our economy. The Federal Reserve has strangled the economy in real estate, loans, credit, and the stock market with their permission of tactics that resulted in loss of homes due to foreclosures, defaults on loans, and credit cards. There was a time before the Federal Reserve when our currency was issued in Gold and Silver Certificates. It was the Gold and Silver Standard that kept the economy floating. Another factor was the fiscal responsibility of the American People and the lack of wasteful government programmes. It was the Gold and Silver Certificate concept that was thrown out the window during a secret meeting of the governing elite in Jekyll Island, Georgia in 1913.

What has the Federal Reserve done for America? The Federal Reserve did not resolve the problem it was created to resolve which was to resolve future financial panics and depression. Financial Panics and Depression have been around since the beginning of humanity and are caused by the lack of confidence of the people in their government and financial institutions The Federal Reserve of America has held the United States of America hostage to the economic freefalls caused by its own incompetence and irresponsible statements. Once Maria Bartiromo had a conversation with Ben Bernanke [Chairman of the Federal Reserve] during a White House Luncheon in which Bernanke made comments, Bartiromo made the reports and the financial markets jumped.

The Federal Reserve System has the same amount of power as the Communist Party in Cuba and it is a private and public offshoot of the US Elite called Republicans and Democrats. When the Federal Reserve System Chairman Burps and Farts, the mountains moves, the financial movers and shakers attempt to dance their way out of the latest methane explosion of an over bloated system, and the financial toilets are clogged. [Please excuse my attempt at humour, is that my way of interpreting the Federal Reserve System is a reaction to what has happened in America]. In the process, more bureaucracy as our elected officials attempt to add more layers of law in the equivalent of adding toilet paper in excess to a commode.

John F. Kennedy attempted to remedy the situation of the Federal Reserve Board since he was one of the few Presidents with the foresight of what was going to transpire. A few months before his assassination in November 1963, John F. Kennedy signed an Executive Order called Executive Order 11110 which called for the abolition of the Federal Reserve Board and the creation of interest free government money. The Federal Reserve Board did not want this change since they were profiting from the system of interests and free floating of money inspired by Keynes. The Executive Order is still in force yet it has not been enforced. The time has come for the Federal Reserve Board to be abolished and replaced by an interest free currency based on Silver and Gold.