Congressman Ron Paul's Bill To Abolish The Federal Reserve System - Will It Pass Into Law? And If So, Will An Audit Lead To The Fed's Abolition?
HR 833 is a bill supported by Congressman Ron Paul in which to repeal the unconstitutional Federal Reserve Act. The Federal Reserve Act is the legislation which authorizes the privately held Federal Reserve System to coin and regulate the value of U.S. currency. However, the Federal Reserve Act was passed illegally in 1913, when some U.S. Senators were bribed to pass this treasonous legislation.
The passage of the Federal Reserve Act resulted in a takeover (by the Zionist controlled House Of Rothschild in London, England) of the U.S. Federal Government, through its creation of the Federal Reserve Bank, which in 1935 became known as the Federal Reserve System.
All of the suffering that our forefathers endured to break away from England did not keep us free from this monarchy for very long, since by the early 1900's, England was again controlling America by way of this criminal and fraudlent cartel of legitimized counterfeiters.
If the Federal Reserve Act is repealed it will result in the dissolution of the Federal Reserve System, the 16TH Amendment and the Internal Revenue Service.
A former IRS investigator by the name of Bill Benson has accumulated irrefutable proof that the 16TH Amendment was never ratified by the three quarters of U.S. States needed in which to make it law, and that former U.S. Secretary of the Treasury, Philander Knox, blatantly lied to the American people when he said that the 16TH Amendment was legal - when it was not. Benson has now been served with an injunction to not circulate this documentation which he has compiled into a book entitled "The Law That Never Was"
If the Federal Reserve Act is repealed, the illegal income *tax which the IRS has been imposing on Americans since its creation soon after the Federal Reserve System, would also be repealed, meaning that American citizens would no longer have to pay a federal tax on their wages.
*A tax which the IRS claims it is authorized to impose through the improperly ratified 16TH Amendment.
Something which would result in stimulating the U.S. economy because Americans would suddenly have significantly more disposable income to spend each year, as well as the ability to save far more money annually in order to allow them to retire earlier.
Their quality of life would improve immeasurably since they would be under less financial stress.
The abolition of the Federal Reserve System would also destroy the strong hold over the United States Federal Government and her people which the House Of Rothschild has maintained control of since passage of the Federal Reserve Act in 1913.
The entire financial system in the United States would then be completely overhauled, while the gold which the Federal Reserve has stolen from the United States Treasury (and held in lieu of what they claim is collateral for the money the U.S. Federal Government owes the Federal Reserve) would be returned to the Treasury, so that in the future inflation would be wiped out for good.
It has been the Federal Reserve System's creation of fiat money (in other words debt) which has caused the devaluation of the U.S. Dollar. It has also been the Federal Reserve System who manipulates the U.S. economy through its control of the money supply. The ability to create inflation by loosening credit, or tightening credit in which to reduce the money supply, which if done long enough will lead to a depression.
As for the elected representatives in this country claiming that they need the federal income tax to run this government, this is a complete falsehood. In the early 1980's Ronald Reagan empaneled the Grace Commission to account for where all of the money collected in taxes is spent.
What this commission found is shocking!
The Grace Commission found that 100% of the money the American workforce pays in a federal income tax which is collected by the Internal Revenue Service, is sent directly to the privately held Federal Reserve System.
Not a dime of this money is spent on services for the American people.
The Grace Commission also found that 100% of the money collected from U.S. corporations (the corporate tax) is spent on the military intelligence complex. State and local expenses are paid for through excise taxes.
For example, the roads are maintained by the monies collected from a gasoline tax, which Americans pay everytime they put fuel into their automobiles.
The Grace Commission - How Much Waste In Government
Schools are supported by the property taxes that Americans pay. These taxes have absolutely nothing to do with the federal income tax.
From the Grace Commission's report, it has become quite obvious that the U.S. Federal Government has been deliberately deceiving the American people by claiming that they need the federal income tax to run the federal government, when in fact, not one cent of this tax has ever been used to pay for a government service.
HR 833 To Repeal The Federal Reserve Act
With Congressman Ron Paul's bill to audit the privately held Federal Reserve System having a legitimate chance of being passed into law, nearly a Century's worth of the most fraudulent banking practices could be disclosed to the American public.
However, in the past, those who have attempted to expose this central bank for its use as a House Of Rothschild pawn have not fared well in the least. In 1963, just months after passing an executive order which again authorized the United States Treasury to coin U.S. currency, President John F. Kennedy was assassinated in Dallas, Texas.
In 1967, after Judge Martin V. Mahoney ruled in favor of a defendant and debtor to a Federal Reserve branch, and declared the Federal Reserve Act to be null and void, Mahoney mysteriously died; his death to this day is considered by many of his supporters to have been a covert murder committed by factions of the Federal Reserve System.
After President Abraham Lincoln decided to finance the Civil War by floating bonds instead of borrowing money from London's House Of Rothschild banking cartel, Lincoln was murdered; the target of a Rothschild orchestrated conspiracy.
When the charter for Rothschild's first central bank - The First Bank Of The United States, was not renewed, the Rothschild's orchestrated the War of 1812, in order to bankrupt the U.S. Federal Government.
The Rothschild's patented method for taking over a country's government by creating a war between nations in which the Rothschilds' maintained such central banks, in order to indebt the respective governments of these nations to the House Of Rothschild, has been the protocol for which the Rothschilds have gained control of virtually all of the governments on this planet.
Once a government is indebted to a Rothschild central bank, the bank is then used to gradually erode the government and to replace it with a shadow government which the Rothschilds then take control of.
In the United States, this occurred in 1913 with the passage of the Federal Reserve Act, and the creation of the privately held Federal Reserve System. A Rothschild controlled organization that has no legal attachment to the U.S. Federal Government and never has.
One must now wonder how well Dr. Ron Paul and his supporters will fare in their attempts in which to audit the Federal Reserve System, given that the Federal Reserve has been counterfeiting money for most of its existence, while looting much of the American people's gold from the United States Treasury.
Many of his supporters have openly stated that they fear for Ron Paul's safety, given what has in the past happened to those who've attempted to shut down the Federal Reserve System or the two earlier Rothschild controlled central banks in the United States.
Read about Mahoney's landmark case entitled "The Credit River Decision" here:
The Credit River Decision - Judge Martin V. Mahoney Rules That The Federal Reserve Act Is Fraudulent & Thus Void
Also See:
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Ron Paul has introduced HR 833 into congress entitled: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposesBy Jonathan
Representative Dr. Ron Paul has introduced HR 833 into congress entitled: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
The bill has been introduced and referred to committee on Monday Feb. 3rd. Currently the bill does not have co-sponsors.
According to GovTrack.us, “This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee.”
This is where we as American citizens come into play. Americans that are interested in preserving liberty and restoring our republic to it’s constitutional roots need to contact our Representatives in Congress to push them into co-sponsoring this bill.
Restore The Republic - Ron Paul Introduces HR 833
By Michael Vonasten
The Ron Paul movement swept the nation in 2007 and 2008 leaving a trail of well informed citizens in its wake. We all worked hard for the campaign, whether you stood on an over pass with a sign, handed out literature or screamed at the top of your lungs. The campaign did well. 1.2 million votes for the Good Doctor. We all received a taste of what it feels like to become true activists for a true cause.
The Good Doctor needs your help again.
Dr. Ron Paul has introduced HR 833 into congress entitled: To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
The bill has been introduced and referred to committee on Monday Feb. 3rd. Currently the bill does not have co-sponsors.
According to GovTrack.us, “This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee.”
This is where we as American citizens come into play. Americans that are interested in preserving liberty and restoring our republic to it’s constitutional roots need to contact our Representatives in Congress to push them into co-sponsoring this bill.
This bill will be the only saving grace to our faltered economy.
Below is a transcript of Dr. Ron Paul introducing this bill in front of Congress.
RestoreTheRepublic.com will keep you updated on the Bill’s progress.
To contact you Congressman/woman, dial the D.C. switchboard at (202) 224-3121 or find your Representatives info at www.House.gov.
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Federal Reserve Board Abolition Act Statement
Hon. Ron Paul
Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.
From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.
With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America’s exports or the low rate of savings should be enthusiastic supporters of this legislation.
Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.
Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.
In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.
In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal
Reserve.
posted by James F. Marino at 7:33 AM
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