Can Congress abolish the Federal Reserve
System?
Fri Aug 5, 2005 13:38
64.140.158.36
Q: Can Congress abolish the Federal Reserve System?
http://www.apfn.org/apfn/reserve.htm
A: The last provision of the Federal Reserve Act of 1913, Sec. 30, states, "The right to amend, alter or repeal this Act is expressly reserved." This language means that Congress can at any time move to abolish the Federal Reserve System, or buy back the stock and make it part of the Treasury Department, or to altar the System as it sees fit. It has never done so.
Q: Are there many critics of the Federal Reserve beside yourself?
A: When I began my researches in 1948, the Fed was only thirty-four years old. It was never mentioned in the press. Today the Fed is discussed openly in the news section and the financial pages. There are bills in congress to have the Fed audited by the Government Accounting Office. Because of my expose, it is no longer a sacred cow, although the Big Three candidates for President in 1992, Bush, Clinton and Perot, joined in a unanimous chorus during the debates that they were pledged not to touch the Fed.
Q: Have you suffered any personal consequences because of your expose of the Fed?
A: I was fired from the staff of the Library of Congress after I published this expose in 1952, the only person ever discharged from the staff for political reasons. When I sued, the court refused to hear the case. The entire German edition of this book was burned in 1955, the only book burned in Europe since the Second World War. I have endured continuous harassment by government agencies, as detailed in my books "A WRIT FOR MARTYRS" and "MY LIFE IN CHRIST". My family also suffered harassment. When I spoke recently in Wembley Arena in London, the press denounced me as "a sinister lunatic".
Q: Does the press always support the Fed?
A: There have been some encouraging defections in recent months. A front page story in the Wall Street Journal, Feb. 8, 1993, stated, "The current Fed structure is difficult to justify in a democracy. It’s an oddly undemocratic institution. Its organization is so dated that there is only one Reserve bank west of the Rockies, and two in Missouri...Having a central bank with a monopoly over the issuance of the currency in a democratic society is a very difficult balancing act."
Congressman McFadden
on the Federal Reserve Corporation
Remarks in Congress, 1934
AN ASTOUNDING EXPOSURE
http://home.hiwaay.net/%7Ebecraft/mcfadden.html
PAUL WARBURG (1868-1932)
Conceded to be the actual author of our central bank plan, the Federal Reserve System, by knowledgeable authorities. Emigrated to the United States from Germany 1904; partner, Kuhn Loeb and Company bankers, New York; naturalized 1911. Member of the original Federal Reserve Board of Governors, 1914-1918; president Federal Advisory Council, 1918-1928. Brother of Max Warburg, who was head of German Secret Service during World War I and who represented Germany at the Peace Conference, 1918-1919, while Paul was chairman of the Federal Reserve System.
====================
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SOURCE:
http://www.apfn.org/apfn/reserve.htm
The Federal Reserve: An Astounding Exposure 1934
Congressman McFadden's remarks in 1934 after petitioning for the impeachment of
the Fed's Board and Treasury officials. It's the same today: America looted ...
HTTP://home.hiwaay.net/~becraft/mcfadden.html
The Federal Reserve: An Astounding Exposure 1934, Congressman ...
Congressman McFadden on the Federal Reserve Corporation ... On May 23, 1933,
Congressman, Louis T. McFadden, brought formal charges against the Board of ...
Results 1 - 10 of about 15,900 for Congressman McFadden.
http://www.apfn.org/apfn/reserve.htm
A: The last provision of the Federal Reserve Act of 1913, Sec. 30, states, "The right to amend, alter or repeal this Act is expressly reserved." This language means that Congress can at any time move to abolish the Federal Reserve System, or buy back the stock and make it part of the Treasury Department, or to altar the System as it sees fit. It has never done so.
Q: Are there many critics of the Federal Reserve beside yourself?
A: When I began my researches in 1948, the Fed was only thirty-four years old. It was never mentioned in the press. Today the Fed is discussed openly in the news section and the financial pages. There are bills in congress to have the Fed audited by the Government Accounting Office. Because of my expose, it is no longer a sacred cow, although the Big Three candidates for President in 1992, Bush, Clinton and Perot, joined in a unanimous chorus during the debates that they were pledged not to touch the Fed.
Q: Have you suffered any personal consequences because of your expose of the Fed?
A: I was fired from the staff of the Library of Congress after I published this expose in 1952, the only person ever discharged from the staff for political reasons. When I sued, the court refused to hear the case. The entire German edition of this book was burned in 1955, the only book burned in Europe since the Second World War. I have endured continuous harassment by government agencies, as detailed in my books "A WRIT FOR MARTYRS" and "MY LIFE IN CHRIST". My family also suffered harassment. When I spoke recently in Wembley Arena in London, the press denounced me as "a sinister lunatic".
Q: Does the press always support the Fed?
A: There have been some encouraging defections in recent months. A front page story in the Wall Street Journal, Feb. 8, 1993, stated, "The current Fed structure is difficult to justify in a democracy. It’s an oddly undemocratic institution. Its organization is so dated that there is only one Reserve bank west of the Rockies, and two in Missouri...Having a central bank with a monopoly over the issuance of the currency in a democratic society is a very difficult balancing act."
Congressman McFadden
on the Federal Reserve Corporation
Remarks in Congress, 1934
AN ASTOUNDING EXPOSURE
http://home.hiwaay.net/%7Ebecraft/mcfadden.html
PAUL WARBURG (1868-1932)
Conceded to be the actual author of our central bank plan, the Federal Reserve System, by knowledgeable authorities. Emigrated to the United States from Germany 1904; partner, Kuhn Loeb and Company bankers, New York; naturalized 1911. Member of the original Federal Reserve Board of Governors, 1914-1918; president Federal Advisory Council, 1918-1928. Brother of Max Warburg, who was head of German Secret Service during World War I and who represented Germany at the Peace Conference, 1918-1919, while Paul was chairman of the Federal Reserve System.
====================
A Phone Call To The Fed
http://www.apfn.org/apfn/money2.htm
It's Time to Circle the Wagons
http://www.apfn.org/apfn/money.htm
FEDERAL RESERVE ~ THE ENEMY OF AMERICA
http://www.apfn.org/apfn/reserve2.htm
LIBERTY: YOUR RIGHT TO MAKE A LIVING
http://www.apfn.org/apfn/living.htm
The Federal Zone:
Cracking the Code of Internal Revenue
http://www.apfn.org/apfn/fedzone.htm
God, Gold, the Fed and Capitulation
http://www.apfn.org/apfn/gold.htm
The Bankruptcy of the United States
http://www.apfn.net/Doc-100_bankruptcy.htm
The Fed, The Fed, The Fed
http://www.gold-eagle.com/editorials_01/sennholz040301.html
The Declaration of Independence
http://www.apfn.org/apfn/declaration.htm
The Federal Reserve - What Is It? Who Is It?
http://www.the-oil-patch.com/archive/federal-reserve.html
The Coming Battle (The Book)
http://www.apfn.org/apfn/comingbattle.htm
The United Nations plans to CONFISCATE your profit and ---.
http://www.apfn.org/apfn/united_nations.htm
The 545 People Responsible For All of America's Woes
http://www.apfn.org/apfn/woes.htm
SOURCE:
http://www.apfn.org/apfn/reserve.htm
The Federal Reserve: An Astounding Exposure 1934
Congressman McFadden's remarks in 1934 after petitioning for the impeachment of
the Fed's Board and Treasury officials. It's the same today: America looted ...
HTTP://home.hiwaay.net/~becraft/mcfadden.html
The Federal Reserve: An Astounding Exposure 1934, Congressman ...
Congressman McFadden on the Federal Reserve Corporation ... On May 23, 1933,
Congressman, Louis T. McFadden, brought formal charges against the Board of ...
Results 1 - 10 of about 15,900 for Congressman McFadden.
