Restore America, end Federal Reserve

To the editor:

Stop inflation!

From testimony before Congress: When President Franklin D. Roosevelt complained to his Secretary of the Treasury that there wasn?t enough money to do all he wanted to accomplish, the Secretary replied, Oh, don?t worry! We can make all the money you want, and it won?t look like stage money either; it will look real, and they will take it!

That is the money we are dealing with today, and they are making all the money they want to, and it looks real, and we are taking it- so far. And the more they make the less value it all has. And now they don?t even need to print it ? just enter it via computer into existence as some bank?s assets. They have recently created more Federal Reserve Note ?assets? (fraudulent dollars) by the trillions, flooding banks around the world with obligations for the United States, leaving our children and grandchildren in potentially perpetual debt bondage.

Oh the power of the Federal Reserve! Created by Congress in 1913 supposedly to ?preserve the value of the dollar,? the Fed has purposely ERODED the dollar so that our currency has lost 98 percent of its value in 98 years. And the Fed is now in hyper drive in its dollar erosion.

You might notice the price of land, gold, and silver ?shooting up?, the price of food ?shooting up?, and soon enough, the price of fuel ?shooting up? as the Fed and banks throughout the world purchase real goods with their new out-of-thin-air assets. Even at these ?high prices? (in terms of depreciating-value ?dollars?), Central Banks of the world are buying gold at increasing rates to prop up the crashing value of their paper (fraudulent money) assets. Still, a silver dime (real money) buys about 1 gallon of gasoline.

A Constitutional dollar is, by definition, 371 4/16th grains (24.057 grams) of pure silver, or 416 grains of standard silver. The Federal Reserve should be ended and gold and silver money, as allowed by the Constitution, should be our money (something of continued value that cannot be devalued by nor overspent by the government).

Legal tender laws prevent the use of sane, stable, non-inflating money, like Gold and Silver. We are constrained by law to use of the Fed?s Paper Monopoly Money. Ron Paul proposes we make a law to allow the use of competing currencies. This will ultimately transition into gold and silver being widely used since Good Money will drive Bad Money out of circulation, thus restoring sane money to America.

The act of Congress that formed the Federal Reserve in 1913 allowed that it could be congressionally ended with a relatively small buy out fee. The Fed owns about 1.7 trillion of US treasury bonds, and has become the largest owner of US debt. Ending the Fed would evaporate this part of the debt. Put sanity back into America?s money. END THE FED! Restore America!

? Mike McConeghey, Fairfield