Wednesday, March 26, 2008

Abolish the Federal Reserve

I have started researching more about the Federal Reserve since I watched a film about federal tax laws. Quite frankly, I was appalled at what I saw and heard.

There is no law that the American people can have their wages taxed by the federal government. In fact, the 16th amendment to the Constitution explicitly states Congress has no right to impose new taxes on the people.

It was equally appalling to see how are taxes are being spent. Not one cent of our federal taxes goes to any type of public services. It all goes to paying off the national debt. Which as of today stands at $9,398,266,767,845.52. The government collects nearly $1 trillion dollars a year in federal taxes from private citizens as opposed to $250 million in corporate taxes, which are legal.
It all ties to inflation and the Federal Reserve's ability to create money out of thin air. Today, the dollar is worth approximately four cents. Gold prices have shot through the roof because it is what people turn to when there is a recession. There was a time when there was enough gold to back all of the currency in circulation in this country. Paper money is truly just an worthless illusion.

There needs to be something done. I cannot watch as this country's economy go into the shitter and not say something. I am posting a link to the documentary which started my quest to investigate the internal workings of the Federal Reserve. It might make you angry, but you should be, it's our money!!! We should be outraged!!

To view the documentary, click here


To learn more on the Federal Reserve watch this video and do some research. The more people know the things happening to them, the greater a chance for change.