Comments on: HR 1207 Hearing

By: Freemenright!

Freemenright! — Thu, 01 Oct 2009 15:38:28 +0000

The Fed not only prints circulates and withdraws money. It is highly likely that it has given preferential loans to organisations who have had unfair advantage to go into the market and cause distortions and worse. If the Audit the Fed campaign does not move fast, I fear it will be too late and we will be fast approaching meltdown. This will happen quickly – and I think the signs of it are already here and can not be reversed!

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By: Kevin

Kevin — Mon, 28 Sep 2009 18:58:52 +0000

Actually, the constitution in Article 1 Section 8 states that Congress can coin money, regulate the value thereof, and fix the standard of weight and measures. It also states that Congress shall not emit bills of credit (i.e. paper money).

There’s nothing in the Constitution that suggests that we should use paper money. In fact it’s the opposite because the founders understood the danger of having a paper money, which is exactly why they took these safeguards against it.

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By: Mike

Mike — Mon, 28 Sep 2009 18:34:48 +0000

Nothing changes the value of the dollar is what we give it backed by the faith of the American tax payer. The difference is if its in government hands we do not pay interest on the money the fed creates and that is one of the keys to paying our national debt and lend money like we use to.

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By: Lindsey

Lindsey — Mon, 28 Sep 2009 13:32:46 +0000

Just stopping by: The U.S. Treasury will still print the money but the people will decide how much (The Congress). This is the way it was set up in our original constitution and that is the way it should be!

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By: Lindsey

Lindsey — Mon, 28 Sep 2009 04:52:32 +0000

Rep. Grayson from Florida was the best of course. Also Rep. Royce! Watt, Frank, and Lynch should be thrown out of Congress as traitors! As for Alvarez, he should be thrown out of the country and made to give up his citizenship! He appears to me to be a second class liar! Now it is time to get this bill on the floor!!!!!!!! No more BS hearings!

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By: Echelon

Echelon — Mon, 28 Sep 2009 04:24:47 +0000

Both life and currency existed and flourished before the Fed. The quality and value of each have decayed since the Fed. Who says currency has to end with the Fed? All the Fed does is tell the Treasury when and how much money to print and inject into or remove from circulation. The country still owns the Treasury and mints. Take control of those away from the Fed, disband it and give the decision to another body, the people.

“The issue that has swept down the centuries, and must be fought sooner or later, is, The People vs. The Banks” – Lord Acton. Chief Justice of England (1875)

That time is now.

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By: Cody

Cody — Sun, 27 Sep 2009 22:41:21 +0000

The “Federal Reserve” on the paper money we have today wasn’t always there. Actually, that same line previously read “Silver Certificate”, which also contained a promise to pay “[x] dollars in silver payable to the bearer on demand.” In 1963 the promise to pay vanished. This had the effect of forcing people to accept paper receipts as money.

It’s important to note the distinction between the dollar and a Federal Reserve note. By law, the dollar is a specific amount of gold or silver as defined by Congress. A Federal Reserve note is not a dollar, it is a lie.

I recommend reading F. Tupper Saussy’s “The Miracle on Main Street” for a more in depth look at how the scheme was achieved.

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By: Terry

Terry — Sun, 27 Sep 2009 21:41:59 +0000

I think the reference might be speaking to the fact that the current U.S. currency has Federal Reserve printed on it – when we are able to away with the FED, there must be another currency waiting in the wings. Yes? I would think at least there should be a transitional phase moving away from the current printed versions to a new version.

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By: christine

christine — Sun, 27 Sep 2009 19:42:37 +0000

Love Woods’ comment as it relates to the FED.

Just like when the government comes out with a new surveilance program on the American people, “If you’ve done nothing wrong, you have nothing to worry about.”

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By: marxbites

marxbites — Sun, 27 Sep 2009 16:41:02 +0000

Observations:

1) What was with Alvarez’s use of “so” as the first word of nearly every answer he gave? Is there a legal weasel angle? And there’s no doubt he’s a legal weasel as a gatekeeper to what transpired between Treasury that he does know all about as a very well paid FED counsel.

2) A better defenseless seeming “Casper Milch-toast” the FED could not have chosen.

3) Tom had a difficult job, and he’s probably wishing he didn’t fall for the planned traps, the committee already having read his testimony prior.

4) I think it was over all a success few Americans will ever see – one has first to spend the lions share w/Alvarez, revealing as it may be. Another plus is were the excellent agreement between the bill’s intents by the majority of the Dem side.

5) Will sweating the FED preciptitate further earth shattering events as evidenced by the long history of mysterious bad luck suffered by its critiques and opponents Jackson, Lincoln, Garfield, JFK, RFK, AND Larry McDonald. There’s been a small spree of “suicides” amongst financial elites of late.

Here’s the McDonald horror story that makes me so suspicious.

http://www.sianews.com/modules.php?name=News&file=article&sid=2253

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