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Rescooped by David Farrell from Liberty Revolution
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11 Reasons Why The Federal Reserve Should Be Abolished

11 Reasons Why The Federal Reserve Should Be Abolished | the federal reserve | Scoop.it

If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished immediately.  It is a system that was designed by international bankers for the benefit of international bankers, and it is systematically impoverishing the American people.  The Federal Reserve system is the primary reason why our currency has declined in value by well over 95 percent and our national debt has gotten more than 5000 times larger over the past 100 years.


Via Hans Gruen
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Rethinking Money: How Different Types of Money Will Stabilize the Economy - Huffington Post

Rethinking Money: How Different Types of Money Will Stabilize the Economy - Huffington Post | the federal reserve | Scoop.it

Representative Bob Marshall's (R) announced recentlythat he is proposing legislation for a third time to study the creation of an "alternate" Virginia state currency of gold and silver coins as part of a growing trend in the United States. Some 16 states in the union already have passed legislation, or are in the process of doing so, that would create a state currency. This development spreads as concerns and fears grow that the Federal Reserve System may fail, either through hyperinflation, a calling in of U.S. debt by another country, or through some other failure, causing the U.S. monetary system to collapse.


Via jean lievens, Michael Charney
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Marilee Ritchie Hird's comment, February 9, 2013 10:40 AM
It seems to me that this kind of move would simply push the Fereral Reserve over the edge, causing what they claim to fear.
Rescooped by David Farrell from Gold and What Moves it.
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Monetizing Government Debt – Bernanke Says No, Common Sense Says Yes

Monetizing Government Debt – Bernanke Says No, Common Sense Says Yes | the federal reserve | Scoop.it

By: Axel Merk

Fed Chair Bernanke vehemently denies Fed “monetizes the debt,” but our research shows the Fed may be increasingly doing so. We explain why and what the implications may be for the dollar, gold and currencies.

 

What is debt monetization? A central bank is said to monetize a government’s debt if it helps to finance its deficit. The buying of Treasuries by the Federal Reserve is a clear indication that the Fed is doing just that, except that Bernanke argues the motivation behind Treasury purchases is to help the economy, not the government.  ...


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Why Federal Reserve System Is only Massive Wealth Redistribution Scheme - This is Plymouth

Why Federal Reserve System Is only Massive Wealth Redistribution Scheme - This is Plymouth | the federal reserve | Scoop.it

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The Federal Reserve was created in 1913 to serve as the central banking system in the US after the enactment of the Federal Reserve Act. This system was adopted as a response to economic issues in the early twentieth century and it has since been performing major roles in the United States such as managing employment levels and keeping inflation under control.




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Federal Reserve economist says bitcoin is a remarkable technical achievement | CoinDesk

Federal Reserve economist says bitcoin is a remarkable technical achievement | CoinDesk | the federal reserve | Scoop.it

A member of the United States Federal Reserve banking system has written an analysis of bitcoin, stating that there are many positive aspects to it.


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