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It’s Independence Day, But Are We Really Free As Long As A Privately-Owned Central Bank Controls America’s Currency And Runs Our Economy?

Today is July 4th – America’s Independence Day.  But are we really a free nation?  The truth is that it is really hard to argue that we are “free” when our currency system and our economy are run by an unelected privately-owned central bank.  You see, the truth is that the U.S. government does not “print money” whenever it wants.  Under the current system, in order to get more U.S. currency, the U.S. government has to borrow it.  The Federal Reserve creates the new currency out of thin air and then either keeps the “U.S. Treasury bonds” they get in return from the U.S. government or they sell them off to others.  But what kind of sense does that make?  Why does a “free government” have to go into debt to print its own currency?  It is the U.S. government that should be printing U.S. currency – not a privately-owned bank called the Federal Reserve.  The truth is that the Federal Reserve is about as “federal” as Federal Express is.  And no unelected private central bank should be “running” our economy.  Actually the free market should be running our economy, but if anyone is going to run it, it should at least be the government that we have elected.  But instead we have a group of unelected bureaucrats making our interest rate decisions, determining our money supply levels and deciding which of their friends get big bailouts.  That isn’t the American Dream!  What kind of “democracy” and “freedom” is that?  The sad truth is that as long as we allow an unelected privately-owned central bank to run our economy we will not be truly free.

The reality is that the Federal Reserve desperately needs to be audited.  The Federal Reserve has never undergone a true comprehensive audit since it was created back in 1913.  The truth is that we have very little idea of what is really going on inside that institution.

And yet they control our currency and our economy.

U.S. Representative Ron Paul had introduced a bill that would have mandated a comprehensive audit of the Federal Reserve, but it has now officially been defeated.

Ron Paul’s proposal to audit the Federal Reserve, which had previously been co-sponsored by 320 members of the U.S. House of Representatives, failed by a vote of 229-198.

Every single Republican in the House voted in favor of the measure, and even 23 Democrats crossed the aisle to vote with Republicans, but it was not enough.

You see, the Federal Reserve convinced 122 Democrats who were originally co-sponsors of Ron Paul’s proposal to jump ship and vote against the measure.

It was truly a sad day for America.

Ron Paul has released a video expressing his disappointment over the defeat of the “audit the Fed” provision….

Congress just can’t seem to do anything right these days.

What in the world is so threatening about actually getting to see what is going on inside the Fed?

After all, they print all of our currency and they basically run our economy.

Don’t the American people have the right to examine what is going on?

Well, apparently the Democrats do not think so.

How “free” can we be when a private central bank has so much power over us and yet we cannot even examine what they are doing or how they are doing it?

In fact, Ron Paul told MSNBC that he believes that the Federal Reserve is more powerful than Congress…..

“The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress.”

When we allow such powerful institutions to rule over us without any kind of accountability whatsoever, we dishonor the sacrifices that our founding fathers made to give us liberty and freedom.

As we celebrate July 4th, let us reflect on the extreme sacrifices that those who came before us were willing to make.

The following is a piece entitled “The Price They Paid” by an anonymous author….

Have you ever wondered what happened to the 56 men who signed the Declaration of Independence?

Five signers were captured by the British as traitors, and tortured before they died. Twelve had their homes ransacked and burned. Two Lost their sons in the revolutionary army, another had two sons captured. Nine of the 56 fought and died from wounds or hardships of the revolutionary war.

They signed and they pledged their lives, their fortunes, and their sacred honor.

What kind of men were they? Twenty-four were lawyers and jurists.Eleven were merchants, nine were farmers and large plantation owners, men of means, well educated. But they signed the Declaration of Independence knowing full well that the penalty wouldbe death if they were captured.

Carter Braxton of Virginia, a wealthy planter and trader, saw his ships swept from the seas by the British Navy. He sold his home and properties to pay his debts, and died in rags.

Thomas McKeam was so hounded by the British that he was forced to move his family almost constantly. He served in the Congress Without pay, and his family was kept in hiding. His possessions were taken from him, and poverty was his reward.

Vandals or soldiers or both, looted the properties of Ellery, Clymer, Hall, Walton, Gwinnett, Heyward, Ruttledge, and Middleton.

At the battle of Yorktown, Thomas Nelson Jr., noted that the British General Cornwallis had taken over the Nelson home for his headquarters. The owner quietly urged General George Washington to open fire. The home was destroyed, and Nelson died bankrupt.

Francis Lewis had his home and properties destroyed. The enemy jailed his wife, and she died within a few months.

John Hart was driven from his wife’s bedside as she was dying.Their 13 children fled for their lives. His fields and his grist mill were laid to waste. For more than a year he lived in forests and caves, returning home to find his wife dead and his children vanished. A few weeks later he died from exhaustion and a broken heart. Norris and Livingston suffered similar fates.

Such were the stories and sacrifices of the American Revolution.These were not wild eyed, rabble-rousing ruffians. They were soft-spoken men of means and education. They had security, but they valued liberty more. Standing tall, straight, and unwavering, they pledged: “For the support of this declaration, with firm reliance on the protection of the divine providence, we mutually pledge to each other, our lives, our fortunes, and our sacred honor.”

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  • Greg

    All of this was planned for America before we were a nation. There is now no nation on earth with people more destitute than the American people. For example, Haiti may be destitute, but they can’t say every man, woman and child owes hundreds of thousands of dollars due to their government’s debt. We are in dire straits.

    Ron Paul says a lot of good things but like every other politician, nothing actually gets done. Talk doesn’t bother the elites but results do. It is hard for me to believe any politician who gives the horned hand wave and Masonic handshakes to fellow Masons as RP does is truly out for the best interest of the American people.

    The ultimate blow to our freedoms which ensured our total demise was the acceptance of the slaughter of our own children and the promotion of homosexuality as an accepted norm. The survival of this nation became impossible when we made those immoral, anti-god choices.

  • Hawk0v0Eye

    To understand if one is really free, one needs to understand the concept of ‘Strawman’. The below provides an understanding:

    http://www.youtube.com/watch?v=fADeOwFHQyc

    http://www.youtube.com/watch?v=ptHQu68MdMs

    One will then begin to understand that politicians are merely employees of corporation and why villages, towns, cities, counties, and countries ‘Incorporate’.

    Thus, The United States is not a country, but a corporation: http://www.serendipity.li/jsmill/us_corporation.htm

  • http://withglee.com Todd Marshall

    “The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress.”

    Congress created the Fed. Congress can destroy it. How can RP say the Fed is more powerful than Congress?

    Here’s where we lost it: Our “republic” was originally formed with a “representative” government. The representatives were chosen by a cascading series of groups who “knew the people they were choosing to represent them”.

    It started at the individual level which selected representatives from those they personally know for the local level. At the local level these representatives selected representatives for the county level. County representatives selected representatives for the state level. State representatives (the electoral college) selected the president.

    Democracy crept in. Actually it was purposely injected by those seeing it as a way of gaining control of the levers of government.

    Now, a Congressman represents over 500,000 people. He is elected by popular vote by almost no one who knows him personally.

    Now, a senator represents an entire state and he is elected by popular vote by virtually no one who knows him personally.

    Now, the President represents the entire country and is elected by popular vote by absolutely no one who knows him personally.

    How does the populace make their selection? It’s very simple. They make it as they are “told” to by the propaganda machine.

    Therefore, while the Congress is more powerful than the Fed, the propaganda machine (controlled by the same people who run the Fed) is more powerful than the Congress.

    The only solution to the problem is to make the propaganda machine ineffective. The only way to do that is to return to our republic’s original design … as a republic … not a democracy. Propaganda does not work when people actually know who they are selecting to represent them.

    Once that is done, the resulting Congress will quickly abolish the Fed and replace it with a “responsible manager of the medium of exchange”.

    This manager will recognize exchange media (money) for what it is … “promises to complete trades”. He will back such promises freely according to the “traders performance in completing trades”. By backing, it means the manager will complete the trade if the original trader fails to do so. Thus, the other trading partner and the marketplace is always protected.

    When traders fail to complete their trades they DEFAULT. This leaves the unrepaid medium of exchange still circulating. Left there, INFLATION results. Thus, to maintain INFLATION at zero, the manager must collect INTEREST equal to DEFAULTs, thereby recovering the exchange media left by the breach of trust. The governing relation is:

    DEFAULT = INTEREST + INFLATION

    … the object: to maintain INFLATION at zero.

    This mechanism requires no monitoring of prices; no estimate of inflation; no measure of economic activity; no arbitrary twiddling of the interest rate knob. All it requires is that the manager keep track of the trading promises he is backing. He must monitor DEFAULTS and collect INTEREST accordingly.

    By doing this INFLATION will be zero. By doing this, economic bubbles and busts will be a thing of the past … their cause (banker manipulation of the money supply and interest rates) will be eradicated.

    And one other benefit: Governments will be recognized for the deadbeats that they are. Governments never collect enough taxes to meet their expenses and never pay back their loans. They are “always” DEFAULTers, and if loans are granted to them INTEREST must automatically be collected from all other traders to absorb the ultimate DEFAULT.

    With a return to a “republican form of government”, intelligent and responsible representatives will scale back government to its responsible function, rather than the populist driven social function is has become.

    Todd Marshall
    Plantersville, TX