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John Wayne's Holster: New Hampshire Has It Right!
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Tuesday, February 03, 2009

New Hampshire Has It Right!

Live Free or Die!

The secret is out! The Federal Reserve Bank is a fraud. It is neither Federal nor does it have any real reserves. It is a privately owned multinational bank operating under the neglectful oversight of the United States Treasury. The Fed loans money to the government who must then pay it back! Plus interest! Under such a set-up, there is no incentive on the part of the Fed to be fiscally responsible. To the contrary, it is in their best interest if the govt borrows and spends recklessly. This way, the Fed collects more interest. This has to stop! Under the Constitution, the power to coin money belongs soley to the government, and not to a any private enterprise. But to our government, it seems that the Constitution is "just a goddamned piece of paper".

Finally (and thankfully), people are getting fed up! The Fed creates a fiat currency out of thin air. The more they print, the less the "money" is worth. Now, our money is practically worthless. The world is starting to give up on the dollar as well. Putin is calling for the end of the dollar as the world reserve currency. China no longer wants to buy our 30-year Treasury Bills (i.e. they don't want to loan us any money to pay for our bail-outs). As a result, the Fed says they will buy the T-bills (talk about a Ponzi sheme). In the end, we the taxpayer, and our children are going to end up footing the bill for all this.

It seems that some states have had enough. New Hampshire just introduced a bill to its state legislature calling for the nullification of federal legislation and to federally assumed powers not specifically granted by Article I, Section 8 of the US Constitution (remember that goddamned piece of paper Bush mentioned). The NH bill specifically calls attention to the counterfeiting scheme that the Federal Reserve bank has been running since its creation in 1913.

In essence, the bill is a clear reminder to the federal government that it could potentially be stripped of those powers that it unlawfully assumed and now forcefully impose on the states - a power grab that can be traced back to Abe Lincoln and others of his ilk.

I am not sure how much chance this bill has to pass, but I certainly think it is a step in the right direction. People need to understand the nature of the enslavement we are under by the Fed. Only when they are educated can we hope to see anything get done. I will also be interested to see how much attention the media pays to this bill.

For those interested, the full bill can be viewed here

Three other states - Arizona, Missouri, and Washington - have followed suit and submitted their own bills reasserting state sovereignty. The links are as follows: AZ, MO, & WA


At 7:17 PM, Anonymous Anonymous said...

Wow, the CFO and I were having this exact conversation a few days ago. I hate to admit it but I didn't know the FED was a private company until then. It does seem like a huge racket and that the incentive for the FED is to keep us borrowing and further devaluing the currency.



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