Its a myth the fed is independent. The fed is of the (money center) banks, for the banks and by the banks.

For 80 years from 1833 to 1913 the “fed role” was performed by the US tresury and with money back up by gold or silver. That 80 years produced ZERO net inflation and the greatest period of real organic growth of any country in mainkinds history. A new system where money supply was linked to US population (like Lincolns civil war greenbacks) would have zero political risks compared the the bankrupt fed system of infinate fiat money created for banks.

Its a myth the fed is independent. The fed is of the (money center) banks, for the banks and by the banks.

For 80 years from 1833 to 1913 the “fed role” was performed by the US tresury and with money back up by gold or silver. That 80 years produced ZERO net inflation and the greatest period of real organic growth of any country in mainkinds history. A new system where money supply was linked to US population (like Lincolns civil war greenbacks) would have zero political risks compared the the bankrupt fed system of infinate fiat money created for banks.

End the Fed. It’s that simple. They don’t deserve to exist. They are criminals. Watch dogs will only tell us what we already know. They’re criminals who have been stealing from the American people to fund their agenda.

Right Calvin. Her book “Web of Debt” is a real page turner.

Jerry,
Corrupt politicians and the private vs. public control of our currency and economy are two separate issues.
Corruption must be addressed for our government to function properly on any level.
Safeguards can and must be built in to any public institution. Our state (WA) is a facing a similar challenge in establishing a state bank. Layers of protection are being built in.
The benefits of keeping our money at home, working for the people of this state and out of the Wall Street casinos, far outweighs the negatives. Public institutions are still answerable to the public. Citicorp, Bank of America and JPMorgan Chase (three largest shareholders of the unFederal Reserve) are answerable to no one but themselves. Our government as a minor shareholder, has only nominal control.
The issue of the unFederal Reserve go far beyond derivatives (created in large part by their major shareholders and shoved under the carpet by the politicians they bought).
The 1913 banking act stole our sovereign right to create our own currency. That is in hands of the private banking industry, currently one of the most corrupt and destructive groups to ever surface in our history. They not only charge us for it, they never create enough to pay the interest. Wilson didn’t realize that was giving this sovereign right away when he signed the 1913 Banking Act and was very unhappy when he found out. The current system insures permanent debt slavery to the private banks.
Minting our own currency, debt free along with a genuine Central Bank answerable to us is the answer. Currency that represents real and goods and services (the activities of government) is not inflationary. The unFeds policies are as we can see by the erosion of the dolllar; nearly a 90% loss of value since1950.
The unFed manages for bubbles, pushing out huge amounts of free money to their friends who bail just before the bubble collapses, resulting in large amounts of wealth being transferred upward and public subsidies.
Creating unFederal Reserve was a coup. It’s past time for us to regain control of our money and our economy.

Putting the Fed in the government would be too enticing to the politicians, and they would destroy the credit worthiness of the U.S. Congress never should have given Greenspan responsibility for overseeing derivatives. They abdicated their responsibility and now blame the Fed. The Fed has been putting too much emphasis on controlling inflation, versus generating full employment, but what do you expect when Congress and Presidential candidates are threatening its chair’s physical safety? It doesn’t help if the chair is partisan. Bernanke should not be telling congress to be concerned about inflation. In economics, the proper interest rate and money supply is that which creates a zero non-structural rate of unemployment. That should be Bernanke’s target, and what he tells congress should reflect it. The Fed did exactly what was necessary to rescue the financial markets, and so far, hasn’t lost the government a dime. Reforming it versus turning it over to the brats in congress is a much better idea.

…WAR CRIMES and also morally reprehensible, I will abstain from wishing this choice of punishment upon them. Anyways, the bottom line as to what I’d said earlier, IS THAT until the Congress or Senate or The People implement moves to correct the sins of the 1913 Jekyll Island scheme and creation, The FED WILL CONTINUE TO EXIST as the bane of our civilization and the strong-arm tactics of its’ purveyors in business and government all across the globe, with their “Milton Friedman” economic poison. Here are a couple good books to get folks acquainted with the nations’ illustrious monetary history, and also that of the FED: “The Founding Finaglers”by Nathan Miller, and “The Shock Doctrine” by Naomi Klein.

Am I talking to, myself? I keep getting emails from people who are trying to convince ME of the evil ways of the FED. p-LEASE STOP WASTING YOUR ENERGY SINGING TO THE CHOIR, on this one. In case you didnt get the memo, I am a “proponent” of the END-THE-FED campaign. All of the criminals within it’s hierarchy ARE deserving of the same treatment they advocate for the prisoners at ABU GHRAIB. But since torture and murder are internationally recognized as

Hi, Carol.
I apologize, if I left the MIS-impression that I might be some fan of the CRIMINAL FEDERAL RESERVE, AND IT’S IRS HENCHMEN…I, as you, say “NO WAY!”. i tried to make my point with the portion of my comment below, when I stated…"as long as the FED remained in existence.” Hope this helps.Cheers!

Yes on transparency and a neutral watchdog agency.
No way, on leaving the Federal Reserve as is.
First of all, it isn’t Federal. It’s a consortium of private banking interests, who have all acted in bad faith and unconvicted felons. The largest shareholders and therefore THE decision makers are ‘too big to fail’ Bank of America, Citcorp and JPMorgan Chase. The Federal government as minor shareholder has no power except to dissolve their charter which should happen immediately. It should be replaced by a well insulated and regulated Central Bank.
Here are more reasons why.
The bad faith 1913 Banking Act winkled away the power of the US Government to create its own currency. Through an archaic interpretation of the law, only ‘coinage’, a fraction of the money supply, remains Federal.
This is bad for the 99.9% for the following reasons.
1)The unFederal Reserve charges us interest for a function that the US Government can perform interest free.
2)They never create enough currency to pay the interest, creating a situation that guarantees debt slavery to the shareholders et al. Most of our income tax revenue is used to pay the interest (not the principle) on the national debt.
3)The current system not only favors the .01%, it cannot meet the needs of a dynamic economy.
If the sovereign right to create currency were returned to the Federal Government, it could create the money it needed to run itself without incurring debt. As this currency represents real goods and services, it would not be inflationary.
Fed policies of pushing out interest free money (or nearly so) to its shareholders and friends is highly inflationary as there is no real value behind it. As a result, our dollar today is onlly worth 5 cents in 1950 dollars.
Reference: “Web of Debt” by Ellen Brown

I give a “TRAINED CITIZENRY”, the benefit of the doubt…as I’d said earlier, “Alas, i agree with Rocky. There should be a trained citizenry, watchdog agency, that would run herd on the OPEN BOOKS of the FED as long as the FED remained in existence.” Perhaps that citizenry, watchdog.org could take some pointers from your suggested source. I mean, after all these millennea, and so many economic systems having fallen by the wayside along the journey of human civilization, it has been demonstrated time and again in both ancient and modern times that none are infallible (yes, greed is a factor) unless there are checks/balances and incessant personal liability (DEATH PENALTY FOR FRAUD/IMBEZZLEMENT/THEFT?) and policing of the PUBLIC TREASURY, instituted and enforced by THE PEOPLE (aka-“TRAINED” WATCHDOG AGC’Y), who will suffer and be “ON-THE-HOOK” for the monetary losses, as such is the practice of the current U.S. “CORPORATE WELFARE” financial system.

My statement stands. Has anyone from the Rocky Anderson camp even attempted to contact Cullen Roche at pragcap.com for education in Modern Monetary Realism? How can a watchdog guard the hen house from the fox if the the dog doesn’t even know what a fox is?

“…I suggest we should have a watch-dog agency that has full access to the Fed’s records and that will report to Congress at the same time as the Fed Chair reports. Also, the watch-dog agency’s views should be communicated to the public by whomever utilizes the public airwaves. There must be far more diligent oversight by Congress — and the President and his/her advisers should be held responsible for providing greater oversight….”
@ Thomas Roll: " Mr. Roll, give the man a chance. Your input is welcomed and valued. Rocky, and you, and all of us, are on the same team in that we know that the two parties-merged-as-one, ie, joined-at-the-hip, are the domestic enemies of the people, and influenced/run by both, detrimental foreign and domestic interests whose goal is to take us down to a point where we have the type disruption and chaos to our society that they bestowed upon nations like Argentina, Mexico, Libya and others. Hell, we’ve had two past wars within our own borders amongst ourselves, the revolutionary and UN-civil. We dont need nor want another, though the powers that be would delight otherwise for financial and consolidative reasons."
Alas, i agree with Rocky. There should be a trained citizenry, watchdog agency, that would run herd on the OPEN BOOKS of the FED as long as the FED remained in existence. And I think it an excellent idea that this agency should report to congress simultaneously with the FED, so that any “discrepancies” could be addressed immediately during the current session and/or hearings. Lastly, if any improprieties are discovered to have occurred as a result of the actions of the FED, punishment is to be meted out commensurate with the severity of the impropriety and the individuals involved are to be held PERSONALLY LIABLE, jeopardizing his/her personal fortune and liberty. IF they cant do the time, dont do the crime, so-to-speak. And the citizenry calls the shots on that one. After all, it is the treasury OF THE CITIZENRY, IS IT NOT?

Rocky, you can’t have a watch-dog agency unless you know what you’re watching for. Therefore, understand monetary policy so you can understand the economics of the FED.
A presidential candidates most important stances are 1. foreign policy statements and 2. economical statements. Your main forte gripe against the two major parties is that they are controlled by the same “corruptible influence” of the big money of this country,.
Well, the 2 major parties agree on the 2 main issues. So I guess that’s where the “corruptible influence” of big money stands.
DO SOMETHING ABOUT IT or go back to the obscurity from which you came. I have no contention with your foreign policy statement. However, your economical statements demonstrate utter ignorance of our monetary system.
Contact Cullen Roche at pragcap.com and have your eyes opened.

I’m confused. I’ve seen the campaign state elsewhere that Rocky favors putting the Federal Reserve under the auspices of the Treasury Department, but this seems to contradict that. Furthermore, does he favor the Kucinich plan of using the Fed to invest in jobs programs instead of taking out more loans from foreign creditors?
I think it would be really useful to have a page on the issues section dedicated to the economy at large.

I’m confused. I’ve seen the campaign state elsewhere that Rocky favors putting the Federal Reserve under the auspices of the Treasury Department, but this seems to contradict that. Furthermore, does he favor the Kucinich plan of using the Fed to invest in jobs programs instead of taking out more loans from foreign creditors?
I think it would be really useful to have a page on the issues section dedicated to the economy at large.

Gold backed is not the answer, you are right about that. Debt free, government issued money with gold as legal tender only is key.

Check out Bill Stills solutions, we need to end debt based currency.

The Watch Dog Committee must be accountable to the people, not to Congress, not to the President, and not to the Banks. How can that happen? Is it possible?