The Fed has been tried (3 times under the Federalist Party's Constitution), the Van Burenian/Jacksonian monetary system has been tried, the Jeffersonian (competing currencies) system has been tried twice (under the Articles of Confederation in which it was to be inherently stable, again when he repealed the first silver standard and it didn't even last a full decade because Madison granted the govt too many powers), and the greenback system has been tried. The greenback system installed by Lincoln is what the Fed is under Bernanke.
All of that said, I believe that the none of them are going to be tried again. Rather, I believe that since Romney is a Rockefeller Republican and since he is also a National Socialist, he will try the "National Reserve Act" which was the opposite of what the last of the Jeffersonians wanted, so the Federal Reserve which is federal (it shares power between the banks, the govt and the govt shares power with the Board of Governors, while being somewhat decentralized) was created as a compromise, but it is an imaginary reserve.
The Federal Reserve became more and more like pure greenbackism which was only tried under Lincoln. I don't think it will be tried again.
Does anyone else fear the coming of the National Reserve?
I think it will happen because Romney wants to regulate the hell out of everything, he wants to start a true banking aristocracy (only the biggest banks will exist when they're granted a true monopoly on money creation), because of popular discontent with the Fed, and because the Fed is somewhat international and Romney wants to do away with globalism (he wants to bind half the world, then he wants to pit them against the other half). The Fed can't be regulated enough for Romney so I'm sure he'd want something that only Congress can regulate and that could only be done via the National Reserve Act. Finally, the National Reserve Act would make it so the govt couldn't have a deficit and it would wipe out the existing federal debt because the FRN would be gone. There would be some currency competition, but there really wouldn't be because Congress would be regulating the banks directly rather than sharing power with a Federal Reserve board of governors which in turn shares power with the 12 Regional banks.
Thanks to the Democrats for stopping the National Reserve Act which was favored by Old Money Elite, but the Fed will come to an end and be replaced by something much worse.
If Dr. Paul had known what we were getting into back in 1975, then I don't believe he would've bothered running for Congress.
Revised version:
The Fed has been tried (3 times under the Federalist Party's Constitution), the Van Burenian/Jacksonian monetary system has been tried, the Jeffersonian (competing currencies) system has been tried twice (under the Articles of Confederation in which it was to be inherently stable, again when he repealed the first silver standard and it didn't even last a full decade because Madison granted the govt too many powers), and the greenback system has been tried. The greenback system installed by Lincoln is what the Fed is under Bernanke.
All of that said, I believe that the none of them are going to be tried again. Rather, I believe that since Romney is a Rockefeller Republican and since he is also a National Socialist, he will try the "National Reserve Act" which was the opposite of what the last of the quasi-Jeffersonians wanted, so the Federal Reserve which actually is federalist (it shares power between the banks, the govt and the govt shares power with the Board of Governors, while being somewhat decentralized) was created as a compromise, but it is an imaginary reserve.
The Federal Reserve became more and more like pure greenbackism which was only tried under Lincoln. I don't think it will be tried again after Ben Bernanke inadvertantly shows what a failure it is.
I think it will happen because Romney wants to regulate the hell out of everything, he wants to start a True banking aristocracy (only the biggest banks will exist when they're granted a true monopoly on money creation), because of popular discontent with the Fed, and because the Fed is somewhat international and Romney wants to do away with globalism (he wants to bind half the world, then he wants to pit them against the other half even though that's not mathematically possible). The Fed can't be regulated enough for Romney so I'm sure he'd want something that only Congress can regulate and that could only be done via the National Reserve Act. Finally, the National Reserve Act would make it so the govt couldn't have a deficit or it would at least wipe out the existing federal debt because the FRN would be gone. There really wouldn't be any currency competition as Dr. Paul wanted (Romney might think he was doing him a favor though), because Congress would be regulating the banks directly rather than sharing power with a Federal Reserve board of governors which in turn shares power with the 12 Regional banks.
The Democrats tried to stop the National Reserve Act which was meant to be of, by, and exclusively for the Old Money Elite (only Anglicans would've been allowed into the banking system under the National Reserve Act as the House of Morgan would've won out immediately while the Fed continued the battle between the House of Morgan and the House of Rockefeller), but the Fed will come to an end and be replaced by something much worse.
If Dr. Paul had known what we were getting into back in 1975, then I don't believe he would've bothered running for Congress.
All of that said, I believe that the none of them are going to be tried again. Rather, I believe that since Romney is a Rockefeller Republican and since he is also a National Socialist, he will try the "National Reserve Act" which was the opposite of what the last of the Jeffersonians wanted, so the Federal Reserve which is federal (it shares power between the banks, the govt and the govt shares power with the Board of Governors, while being somewhat decentralized) was created as a compromise, but it is an imaginary reserve.
The Federal Reserve became more and more like pure greenbackism which was only tried under Lincoln. I don't think it will be tried again.
Does anyone else fear the coming of the National Reserve?
I think it will happen because Romney wants to regulate the hell out of everything, he wants to start a true banking aristocracy (only the biggest banks will exist when they're granted a true monopoly on money creation), because of popular discontent with the Fed, and because the Fed is somewhat international and Romney wants to do away with globalism (he wants to bind half the world, then he wants to pit them against the other half). The Fed can't be regulated enough for Romney so I'm sure he'd want something that only Congress can regulate and that could only be done via the National Reserve Act. Finally, the National Reserve Act would make it so the govt couldn't have a deficit and it would wipe out the existing federal debt because the FRN would be gone. There would be some currency competition, but there really wouldn't be because Congress would be regulating the banks directly rather than sharing power with a Federal Reserve board of governors which in turn shares power with the 12 Regional banks.
Thanks to the Democrats for stopping the National Reserve Act which was favored by Old Money Elite, but the Fed will come to an end and be replaced by something much worse.
If Dr. Paul had known what we were getting into back in 1975, then I don't believe he would've bothered running for Congress.
Revised version:
The Fed has been tried (3 times under the Federalist Party's Constitution), the Van Burenian/Jacksonian monetary system has been tried, the Jeffersonian (competing currencies) system has been tried twice (under the Articles of Confederation in which it was to be inherently stable, again when he repealed the first silver standard and it didn't even last a full decade because Madison granted the govt too many powers), and the greenback system has been tried. The greenback system installed by Lincoln is what the Fed is under Bernanke.
All of that said, I believe that the none of them are going to be tried again. Rather, I believe that since Romney is a Rockefeller Republican and since he is also a National Socialist, he will try the "National Reserve Act" which was the opposite of what the last of the quasi-Jeffersonians wanted, so the Federal Reserve which actually is federalist (it shares power between the banks, the govt and the govt shares power with the Board of Governors, while being somewhat decentralized) was created as a compromise, but it is an imaginary reserve.
The Federal Reserve became more and more like pure greenbackism which was only tried under Lincoln. I don't think it will be tried again after Ben Bernanke inadvertantly shows what a failure it is.
I think it will happen because Romney wants to regulate the hell out of everything, he wants to start a True banking aristocracy (only the biggest banks will exist when they're granted a true monopoly on money creation), because of popular discontent with the Fed, and because the Fed is somewhat international and Romney wants to do away with globalism (he wants to bind half the world, then he wants to pit them against the other half even though that's not mathematically possible). The Fed can't be regulated enough for Romney so I'm sure he'd want something that only Congress can regulate and that could only be done via the National Reserve Act. Finally, the National Reserve Act would make it so the govt couldn't have a deficit or it would at least wipe out the existing federal debt because the FRN would be gone. There really wouldn't be any currency competition as Dr. Paul wanted (Romney might think he was doing him a favor though), because Congress would be regulating the banks directly rather than sharing power with a Federal Reserve board of governors which in turn shares power with the 12 Regional banks.
The Democrats tried to stop the National Reserve Act which was meant to be of, by, and exclusively for the Old Money Elite (only Anglicans would've been allowed into the banking system under the National Reserve Act as the House of Morgan would've won out immediately while the Fed continued the battle between the House of Morgan and the House of Rockefeller), but the Fed will come to an end and be replaced by something much worse.
If Dr. Paul had known what we were getting into back in 1975, then I don't believe he would've bothered running for Congress.
Last edited:
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