JoeSixPack

Coming Soon: Banking Crisis of Historic Proportions

Proclamation on the Federal Reserve System of the United States of America
RevokeTheFed.com
March 2008

WHEREAS, Article I, Section 8 of the Constitution of the United States of America authorizes Congress "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures";

WHEREAS, on December 13th, 1913 the US Congress enacted the Federal Reserve System;

WHEREAS, the Federal Reserve System is considered an independent agency within the federal government, with oversight of Congress and containing appointed public officials on its board of directors;

WHEREAS, the Federal Reserve System Controls the Federal Reserve Note, the official currency of the great nation of the United States of America;

WHEREAS, there may be controversies regarding the legality and constitutionality of the Federal Reserve System, it is recognized that the said system has operated continuously as the central banking system of the United States since the inception of the Federal Reserve Act of 1913;

WHEREAS, the Constitution of the United States of America granted Congress the authority to create the current Federal Reserve System, it also does grant Congress the authority to modify or revoke the Federal Reserve System;

WHEREAS, the actions of the Fedreral Reserve System represent the credit and currency of the United Stated of America to the citizens of this great nation and to the world;

WHEREAS, the Federal Reserve System, acting independently within the federal government allowed, supported, and even promoted parasitical and non-productive uses of the money and credit of the United States of America;

WHEREAS, the United States and likely the entire world's financial system is undergoing massive de-leveraging of the said parasitical and non-productive uses of the credit and money of the United States of America (as well as other nations' currencies);

WHEREAS, the US dollar, the "Federal Reserve Note" is declining in value due to these parasitical activites, as well as potentially other causes;

WHEREAS, it is recognized that the citizens of the United States and other nations did willingly participate at some level in the creation and propogation of said parasitical activities;

WHEREAS, it is also recognized that the United States of America, a sovereign nation, has the legal, moral, and God given authority to take actions to benefit its citizens and to protect its good name, credit and money in times of difficulty;

WHEREAS, it is recognized that the current time is such a time of great difficulty;

WHEREAS, it is recognized the parasitical financial institutions and their activities are at odds with citizens of the United States of America and the good credit and money thereof;

WHEREAS, the current indications are that the Federal Reserve System is acting to preserve the financial system currently flooded with the parasitical activities;

WHEREAS, the current indications are that the neither the Federal Reserve System, nor the Congress of the United States, nor the people of the United States have access to the books of the institutions being preserved by the Federal Reserve, and therefor the degree of inter-connectivity and risk associated with the institutions and other entities cannot be determined;

WHEREAS, the Federal Reserve System is accepting non-performing assets as collateral for credit with ultimate taxpayer responibility to entities not under its legislative mandate;

IT MUST BE CONCLUDED, that the Federal Reserve System is not acting to the benefit of the people of the United States of America, its credit, money, and good name;

WHEREAS, it is recognized that the political will and capability of the government of the United States of America may not be up to the task of prosecuting this proclamation ; It is also recognized that this may be the only hope for the continued survival of the United States of America as the great nation as it has historically existed.

NOW THEREFORE, it is PROCLAIMED by those supporting this Proclamation that the Congress of the United States of America FULLY NATIONALIZE the Federal Reserve System, and take full control of the credit and money of our great nation; The Congress must take whatever action necessary to seperate out, sequester, disown, or otherwise neutralize the effect of the parasitical financial activities which led to the current crisis; The Congress of the United States of America must reorganize, replace, or terminate the Federal Reserve System as appropriate; or otherwise devise a system for creation of the national currency.

IT IS FURTHER PROCLAIMED, that the Congress of the United States of America in cooperation with the Executive of the United States of America contact allied nations and any other nation willing to participate in the overhaul of the failing and parastical financial sytem currently in operation and create new treaties and alliances as necessary to create a sane and productive system of finance with the express goal of supporting a productive national, and by extension and through voluntary cooperation, world economy;

FURTHERMORE, it is PROCLAIMED that it should be the goal of such an international effort to maintain fair international trading practices allowing for protection in national interest of labor, resources, and productive capabilities;

WHEREAS, it is recognized that such a move on the part of the United States of America may result in the necessity of an isolationist policy IF the other developed nations do not follow our lead; If such occurs, so be it.

SO HELP US GOD!

Coming Soon: Banking Crisis of Historic Proportions

Also, silver was demonetized in 1873, and we were froced onto a gold standard.


On Aug 18 02:46 PM carey_jim wrote:

> I'm glad to hear echoes of financial history in your post. Knowing
> our financial history wont give us a perfectly clear picture into
> the future but without it, we will be like Columbus WITHOUT the defective
> compass he took with him. It didn't work very well, and maybe was
> only a tiny bit more useful than a rabbit's foot, but it got him
> here.
>
> I think the crisis that started in 1873 had a lot to do with the
> economic turmoil produced by the Civil War and Reconstruction. It
> was one of the most corrupt and venal periods of American history
> and, essentially saw the old Gentile Class, who were the class of
> the Founding Fathers and whose wealth was mostly in the form of land,
> replaced by a new rich class who have been in power ever since. They
> are the business class which we now are starting to recognize as
> an oligarchy.
>
> Ironically, it was the same period that saw America draw neck and
> neck with Britain and then surpass it, in 1900, as the world's largest
> economy.
>
> My guess is that we are in a new period where a new class, produced
> by universities, which includes, economists, engineers and other
> people who work with their brains, are in a struggle with the business
> class for control. Since the time of Reagan, the business class has
> denigrated this new class of bureaucrats and intellectuals, with
> a wink and smile from rank and file Americans, but the system that
> has "evolved" is unstable and showing signs of disintegration which
> you are monitoring very closely. (Read: "Lack of effective regulations.")
> Remember that before World War I, almost all Americans did their
> graduate work in Europe. Since the end of World War II, as many Europeans
> now come to the United States for graduate training.
>
> You will notice that the only people who seem to be able to stop
> the disintegration are the intellectuals who are only arguing among
> themselves about the methods but nobody, even the big business leaders,
> seem to think that there is anything wrong with the very fact that
> intellectuals and bureaucrats are taking control.
>
> Ordinary Americans have wrongly identified control by intellectuals
> as "socialism" but in this case, it is closer to that other ugly
> word, "fascism" because corporations are still owned by stock holders
> and, more or less, controlled by CEO's. You should now start to read
> the fascinating history of American economic thought in the 1930's
> which was divided between liberalism, conservatism, socialism and
> fascism. A surprising percentage of Americans admired Hitler, Mussolini
> and Franco during that period.
>
> The trend, however, is for power and control to shift from inherited
> business wealth to bureaucrats trained in elite universities.
>
> History always seems to progress from one crisis to another and financial
> history is no different. We don't go from one class in power to another
> in power without wars, revolutions and social chaos. British history
> has been the least bloody. Hopefully we will follow their example
> and not European history.

Coming Soon: Banking Crisis of Historic Proportions

"The situation in 1873 started with a financial panic in 1869"

And the demonetization of silver.


On Aug 16 05:22 AM markfl wrote:

> You're not the only one who feels there's more trouble to come. We
> may be in the eye of the storm. Fractional reserve banking is very
> important to economic growth, because it affects the positive acceleration
> of money. Not judiciously making loans to credit-worthy customers
> is the equivalent of stashing money under the mattress. The money
> does no good for the economy there.
>
> "I hope we don't have to compare what happens in 2010 to 1873." The
> situation in 1873 started with a financial panic in 1869. I happen
> to think the risk of a lost decade is uncomfortably high. We've been
> lucky that recessions have occurred roughly every 10 years since
> 1982. I think that trend is about to end. Recovery? How about 4-6
> quarters of weak recovery followed by another recession? Happened
> before (if you go back far enough).