The Federal Reserve Abolition Act
Posted by trestradapalma on Thu, 09/25/2008 - 9:00pm inThis is the Estrada-Palma Plan henceforth known as the:
Federal Reserve Abolition Act
Preamble
Being that the Federal Reserve Bank is an illegal, unconstitutional, ongoing criminal enterprise that has brought the American people to their knees economically in a willful act to destroy our nation, it must be abolished immediately. This act will immediately stop families from being thrown into the streets while they had been expected to bailout the very criminals that were responsible for this fraud on the American people. This act should be considered slave reparations to Americans who have been in bondage to the Federal Reserve Bankers since 1913.
Terms
1. Federal Reserve Board
The cabal of private banks that make up the Federal Reserve System.
2. Fiat Currency
All currency not backed by gold or silver as stipulated in the U.S. Constitution
3. Federal Reserve Homeowner/Business Mortgage Contracts
All mortgage contacts for homes and private business, whose contract holders are not affiliated with the Federal Reserve System that have borrowed illegal currency originating at the Federal Reserve Banks.
Section I
Due the grave emergency that the Federal Reserve Banks have caused by the over printing of fiat currency, the American economy has been devastated. Therefore, upon Ratification and signing of this Act the Federal Reserve will cease to exist.
Section II
Upon enactment all assets of the Federal Reserve Banking System such as Real Property, Buildings, equipment and all assets not yet mentioned will be seized and become the property of the U.S. Treasury so it may be liquidated and divided equally among all the American families who do not now own their homes.
Section III
All debt owed to The Federal Reserve System Banks by local banks and those with no ability to unconstitutionally issue fiat money shall immediately have those debts removed from their books and be considered null and void.
Section IV
All private home, business and other entities not directly affiliated with the criminal activities of The Federal Reserve whom have mortgage contracts through the just mentioned local banks that were to be paid eventually to those banks will be null and void upon enactment of this legislation.
Section V
Upon enactment of this legislation all the former Mortgage holders will be given absolute title to their home, businesses or other entities not banned by this act. Federal Reserve Officials and the Banks in this conspiracy shall be banned from this provision.
Section VI
Mortgages that are underwritten by private individuals and groups or corporations shall be included in this act and the private individual lenders such as sellers of owner financed homes shall be paid off in cash using the liquidated Federal Reserve Assets only on the original loan amount but not the interest. This is provided the money did not originate from Federal Reserve lending of fiat currency.
Section VII
Americans would continue living in their homes because they are the owners now of not only their homes but their nation once again. Their employment status would not be a factor since Americans will not have to pay a mortgage and would not become homeless as a result of this illegal greed by the Federal Reserve Banks.
Section VIII
Gold and silver, upon the ratification and signing of this act WILL be legal tender. The Congress of the United States of America will immediately begin only issuing currency backed by gold or silver and order the Treasury to immediately do so.
Section IX
Americans will be able to as soon as possible trade in their fiat dollar currency into this new metal back currency at the fair rate of exchange for the value of the gold or silver. After a transition period the old dollar will be illegal as currency and only be a collector’s item and a curiosity.
Section X
Congress shall hold hearings to investigate Federal Reserve/Treasury Department price fixing meant to artificially elevate prices and manipulation and fraud by all those involved engaging in this criminal behavior so that they may be prosecuted to the fullest measure of the law including and especially political representatives and executives.
Please note that this is just a first draft. This Act must be well thought out to be implemented efficiently and fairly. Naturally, for this act to become law the vast majority of Congressmen will need to be voted out of office in the 2008 election and replaced with representatives who can read and comprehend the clearly written English in the U.S. Constitution. Neither main party presidential candidate can be elected either for this to succeed. Any and all suggestions by those honestly wishing to help America get back on its feet economically will be welcomed and appreciated. A warning to those who would block this act: The American people will crush you. The bank vipers have treaded on our liberties and our nation for too long and now they must be eliminated to save to nation.
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Check out the American Monetary Institutes attempt at monetary reform (aka - remove the Fed).
http://www.monetary.org/amacolorpamphlet.pdf
You are right, the Fed must go and not be allowed to come back. The Gold Standard would allow them to come back since they could simply use their tremendous wealth to control the gold. By not tying our money to a commodity, we make it impossible for them to control. Below is a link to my blog where I outline 8 steps that should achieve the intent you propose. Let me know what you think and where I might be missing something.
http://truthlibertyfreedomgrace.blogspot.com/2008/09/letter-to-cnn.html
GT
See there! I knew if I asked here I'd get an intelligent answer that makes sense. These provision you described must be inserted into the legislation. Thanks a bunch Mike.
and they WILL believe something just because they think it's real. take for example all the times people see jesus' face in a lake, or the virgin mary burned into a piece of toast. "it's a sign! god is speaking to me!" no, it's toast. it's also the same logic used when explaining the "face" on mars. people will believe anything if they think it's true.
good quote, mikel.
you know what i find funny about the federal reserve?
it was the first thing established by the europeans when they "founded" this country. it was also the first mistake that they made, which set the standard for the rest of their policies: cheat to win and come out on top. they were arrogant. they were greedy. they wanted to set up a government that "appeared" to cater to the people, when they knew (in all actuality) nobody would hold power except themselves. hey-- that sounds like the fat cats today! even though politics and such have come a long way in this country, they seem to have done nothing but cause harm, all on false pretenses. and we are the victims. and we can't do anything about it except complain. it's democracy at it's finest.
Yeah..it's a damn shame. I've not seen any visions of Jesus myself - but there were several different young ladies when I was a younger man that got me to scream for God a number of times.
You know I've got a pretty good grasp of the fiat system. Can you or anyone here answer me this question? If we take out a mortgage loan from the local bank, that bank gets' the illegal money from the Federal Reserve but the money is unconstitutional and therefore illegal, but all the private parties who use to own the property and have had their payment made by this counterfeit money and spent or invested it and are satisfied...then if we abolish the fed that local bank will not have to pay back the funny money to the fed? Therefore if the bank is not out any funny money then there is no need nor obligation for the mortgage payer to honor that mortgage debt either. Right? He should own the house immediately and be given title.
Another sticky part of fed elimination I need help with is how to switch money from the fiat to the real money fairly without chaos. Perhaps we only want to do this with dollars in America for Americans? Americans have maybe six months to change the fiats for silver or gold certificates. Other metals may be necessary to put into use as well like platinum and you could get jewels and what ever else were feasible. What would be the ramifications?
We need ideas people. Abolishing the Federal Reserve is not some pie in the sky notion! We could do it! It just takes hard work and thought. But we evidently have another Congressman according to this group:
Mike Pence, our courageous Senior Congressman from Indiana, was first to stand down the Fed against the bailout.
Please call and fax his Indiana Office. Tell him to hold his ground and to co-sponsor HR 2755! There is much ground support and he's getting calls from high places to co-sponsor the Act to Abolish the Federal Reserve.
The numbers below are for his campaign office. People will be there this weekend. If no answer, send a fax and leave voicemails. It doesn't matter if you are not from Indiana.
REP MIKE PENCE INDIANA OFFICE
PHONE: 765-643-9503
FAX: 765-643-9514
P.s. Tell Representative Pence that the ground troups are coming and The People have his back! And then call your Congressman and tell him to stand with Mike Pence. from Indiana who supports abolishing the Fed according to this group:
me again:
So maybe we should get busy. I've been doing all the work. We need more brains for if you expect my pea brain to pull this off you're nuts I'm afraid. But I'll phone his office and thank him. Maybe we can work through him as well as Ron Paul. I've seen the bill to abolish the fed and it needs work. BRAINS people. You can do this.
In answer to your question about loans, all loans based on fiat moneys will be null and void since the currency would become illegal. Those living in homes or other properties would then therefore own a complete and full title to the said property. The government would be required to pay all expences in gold or silver at a rate that would be established based on the amount of fiat currency left in the system when the fed stops printing money. There would be a direct exchange rate that would be allowed for about three years, then afterward, fiat money would be totally illegal as currecy. It would then be only good as a collectors item, and a testament to the lunacy of trying to control the market.
A good exchange example would be something such as: If paper money in existance = $810,236,000,000;
Troy oz. of gold in the fed. reserve vault = 266,000,000. Silver in the united states = 17,542,700,000 oz Therefore the rate of exchange would be: 1oz gold=$1,523.00 and 1oz silver=$23.09. This exchange would fit very well as throughout history a very large extravagant house would cost arround 100oz gold and a very small house would be about 10 oz of gold. One peice of silver (1 oz ie. 1 dollar silver backed) would feed a family of 5 a large meal. Yes at one time the dollar had that kind of buying power, but only when it was backed in silver or gold.
This is the same type of action you must do in order to purchase things in another country, you exchange on currency for another. It's really very simple.
"People are stupid; given proper motivation, almost anyone will believe almost anything. Because people are stupid, they will believe a lie because they want to believe it’s true, or because they are afraid it might be true." -Terry Goodkind
"People are stupid; given proper motivation, almost anyone will believe almost anything. Because people are stupid, they will believe a lie because they want to believe it's true, or because they are afraid it might be true. People’s heads are full of knowledge, facts, and beliefs, and most of it is false, yet they think it all true. People are stupid; they can only rarely tell the difference between a lie and the truth, and yet they are confident they can, and so are all the easier to fool." -Terry Goodkind
I would ratify the reserve abolation act, and will do all I can to help.
If only you were not so absolutely correct. People would rather die than think. In fact most do.
Interestingly, every person I tell about the Abolish the Federal Reserve Act and own your home today, on the streets or co workers understand it and love the idea. The only opposition so far was from several people in the BTM chat who, while apparently favoring abolishing the Fed, expected homeowners to pay mortgage payments even though at the end of the credit flow is the Federal Reserve. If their is no Federal Reserve why the need to pay anyone a mortgage payment? Local banks and mortgage companies wouldn't have to pay the Fed back so why should home and business owners have to pay them? They would be out nothing. Plus Americans would have more wealth to deposit in the local banks.
Some folks who claim to want freedom don't act like it in what they advocate. Why are BTM's people standing up for the Fed?