End the Fed

The Federal Reserve Act of 1913, by Keith Broaders, 10/6/18. Constitution Club.

“I believe that banking institutions are more dangerous to our liberties than standing armies” – Thomas Jefferson.

From 1789 to 1913, Congress regulated the value of our money and there was very little inflation. Since Congress unconstitutionally authorized the Federal Reserve to issue our money it now takes approximately $2,547 to purchase what $100 would have purchased in 1913.

The Federal Reserve was allegedly created to protect and defend the value and stability of the dollar and has failed miserably in performing this assignment.

A pound of butter cost 32 cents in 1913. Today a pound of butter costs up to $6.00/pound. Quality, high octane gasoline in 1913 sold for 10 cents a gallon. The same gasoline now sells for over $4.00 a gallon.

“Give a man a gun, he can rob a bank. Give a man a bank and he can rob the world”

In 1913, just about everyone owned their own home and now the bankers "Mortgage" every home in the United States, instead. We had no National Debt in 1836 and when Woodrow Wilson became President in 1913 the Public Debt was just under 3 billion dollars. When T.W.W. left office in 1921, our National Debt had already exceeded 25 billion dollars.

Fast forward to Famous Friday, (The infamous stock market crash of 1929), and Meltdown Monday, (the bank Holiday, instituted by FDR in 1933), and you can see that they have not been good stewards of the value or stability of our currency as they promised when they were unlawfully 

"voted" into existence, without a quorum at 11:00 pm, Dec. 23rd, 1913.

Today the National Debt exceeds 20 trillion dollars under the watchful eye of the Federal Reserve.

The Federal Reserve issues the money out of thin air and then loans it back to the government. The more Congress borrows, the better; as far as the bankers are concerned.

http://constitutionclub.ning.com/forum/topics/the-federal-reserve-act-of-1913?xg_source=activity

Norb Leahy, Dunwoody GA Tea Party Leader