Special to the Mountain News –
In the recent political commentaries at the Mountain News, a discussion has erupted on the value of the Federal Reserve. Below is an introductory essay on “The Fed” from contributing author Steve Klein, and readers are encouraged to respond in the commentary section:
Briefly in answer to your question about my comments:
The “elephant in the room” is the massive debt and the money the government has to borrow to pay the interest on that debt, the exact issue Republicans decried under Obama, yet Obama left office with the trends of decreasing the debt. Watch for Trump to attempt to discredit Democrats by declassifying docs and try to get Hillary locked up that will embarrass them mainly as a distraction, however I do not see he has the backbone to release UFO info the government has, nor free energy details, nor do away with the Federal Reserve banking system. If Trump got rid of the Fed, his family empire’s whole house of debt-supported cards comes tumbling down, and in my view, he is too much of a narcissist to risk his family’s fortunes to save his country. Though if he does, I’ll be firmly in his corner.
“The Federal Reserve” system was created on December 23, 1913 by an illegal act of Congress, illegal because so many in Congress had already left Washington, D. C., for their long train rides home for the Christmas holiday and there was not a majority of them for the vote. Article 1, Section 8 of the Constitution of the United States says that only Congress has the power:
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”
The power to regulate our country’s economy was given away to a private corporation (The Federal Reserve) which was to be paid in gold by the U. S. Government for their services, and never audited, conditions which still exists to this day. The Federal Reserve is NOT a federal agency, and has “Federal” as part of their name as a deception to the public, in my view. Former Rep. Ron Paul (R-TX) was and is the champion of disseminating the truth about this information and calling for an audit of “The Fed.” All of the economic upheavals since 1913 have been engendered by the Federal Reserve.
The President of the United States can do away with the Federal Reserve by the stroke of a pen via Executive Order and return this country’s monetary system to one of strength backed by gold. That would result in much unrest and a hemorrhage in the markets and a hardship for most Americans for several years, though would lead to a future of sovereignty. Every President who has attempted to get this country out from under the cloak of the international banking cartel established in the late 1700’s (i.e. Rothschilds), has been assassinated or had an attempt on his life. The last President who was working on returning governmental power to this country’s monetary system and returning such to the people was Reagan, and an attempt to assassinate him occurred in March 1981.
So many right-leaning groups have said President Trump will be the one to do away with the Federal Reserve. We’ll see.
Steve Klein, Editor and Founder on the Yelm Community Blog