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WASHINGTON, D.C.- Representative Thomas Massie (R-KY) announces the introduction of H.R. 8421, the Federal Reserve Board Abolition Act. Rep. Massie's legislation abolishes the Board of Governors of the Federal Reserve and the Federal Reserve banks. It also repeals the Federal Reserve Act, the 1913 law that created the Federal Reserve System.
"Americans are suffering under crippling inflation, and the Federal Reserve is to blame," said Rep. Massie. "During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today."
"Monetizing debt is a closely coordinated effort between the White House, Federal Reserve, Treasury Department, Congress, Big Banks, and Wall Street," Rep. Massie continued. "Through this process, retirees see their savings evaporate due to the actions of a central bank pursuing inflationary policies that benefit the wealthy and connected. If we really want to reduce inflation, the most effective policy is to end the Federal Reserve."
Original cosponsors of Rep. Massie's legislation include Rep. Andy Biggs (R-AZ), Rep. Lauren Boebert (R-CO), Rep. Josh Brecheen (R-OK), Rep. Tim Burchett (R-TN), Rep. Eric Burlison (R-MO), Rep. Kat Cammack (R-FL), Rep. Michael Cloud (R-TX), Rep. Eli Crane (R-AZ), Rep. Jeff Duncan (R-SC), Rep. Matt Gaetz (R-FL), Rep. Bob Good (R-VA), Rep. Paul Gosar (R-AZ), Rep. Marjorie Taylor Greene (R-GA), Rep. Harriet Hageman (R-WY), Rep. Ralph Norman (R-SC), Rep. Scott Perry (R-PA), Rep. Chip Roy (R-TX), Rep. Keith Self (R-TX), Rep. Victoria Spartz (R-IN) and Rep. Tom Tiffany (R-WI).
The Federal Reserve Board Abolition Act was first introduced by former Representative Ron Paul (R-TX) in 1999 and hasn't been reintroduced since 2013.
In addition to introducing this legislation to "End the Fed," Rep. Massie has also introduced H.R. 24, the Federal Reserve Transparency Act of 2023 to audit the Federal Reserve. H.R. 24 was originally introduced by former Representative Ron Paul (R-TX) in 2009.
I voted for the guy twice already. I wont do it again till he admits he was wrong and calls out all the people who pushed for it. America is so pathetic, the jews so good at their tricks that the people who reject the vax are voting for the guy who rolled it out. Yeah I know there isn't a better option. But there really are better options. We're walking right into their hands hook line and sinker. And people think they are "getting back" at the system by voting for him. FFS 🙄
Growing up in the 1980's, something about the song "Uptown Girl" always seemed to stick in the back of my mind.
Here is a guy putting his beautiful wife on the pedestal stage and then completely ridiculing everything about her in public. Wow. Shouldn't a husband be supportive of his wife's success? So why is he humiliating her. The lyrics "in her white breaded world" didn't seem to match reality. Here is a wealthy elite musician who's white as well. He sings about getting drunk in Italian restaurants and looks Italian. He definitely married up in the looks department so what kind of control did he have over her? Why would she agree to that?
They he talks about fucking Catholic school girls like whores which is antithetical and a bit insulting to their religion. Whatever. Young men are just horny and probably would concur. I didn't understand why Catholic girls were singled out.
Singing about Vietnam soldiers enjoying dying together was a bit odd. And "we were more wrong than right"? Kissinger talked funny and was running the entire US Government's war from behind the curtains. There were strong feelings on both sides back then but the dying part is not the point of war. Surviving is. There were a lot of depressed vets back then.
Then pretending to be just a poor pianist street musician like Simon and Garfunkel was not being truthful. Every ten minutes he's back on the MTV screen again.
Okay then so he was a die-hard poor liberal. But then he starts knocking destitute Pennsylvania coal miners. The unions were the only thing keeping wages and medical survivable for them to raise their families. They worked long days in miserable conditions. The corporations exploited the hell out of those White men living on subsistence wages, breathing poisonous air, and drinking poisonous water. It was an era of corporations gone wild under that Hollywood-actor POTUS, who's underlings smuggled cocaine while his wife talked to aliens.
We didn't start the fire? Who is "we" and what fire is he talking about?
Money is fake. It is manipulated by money changers. The value of it goes up or down depending on what helps them. Money is backed by nothing and no one. It is the greatest scam known to mankind. The only thing that gives the USD power and value is that if you refuse to accept it an aircraft carrier will park offshore and bomb your countries govt.
Money is backed by nothing but the promise that tomorrow there will be more of it.
Money has led us all to population collapse. Even South Korea. Money poisons the society and the people.
How to fix this problem and make your citizens wealthy healthy and family orientated.
Currency value should never be tied to arbitrary spreadsheets and data graphs. Neither should the value currency be tied to the value of gold. We already have something tied to the value of gold and that's gold.
Besides no govt on earth is truthful and honest enough to say how much gold they truly have.
Currency should therefore be valued by citizen work production quarterly. The more the farmers produce, the more the factory workers produce, the more the industrialist produce, and on and on.
We just solved Half of all societal problems with this one single move. Banks no longer exist because they don't produce anything. Social sciences no longer exist because they don't produce anything. Universities would dry up of woowoo nonsense fast.
So now you have money with real true value. The value of another man's hard work in your hands. And now you have a job giving this money. How do you ensure the value of that money will continue to climb up and be worth more in your old age? You have children. Children produces more workers. More work. More production. More inventions, factories, railroads and science and technology. There are no limits.
In this way a national socialist nation grows rich and wealthy together as a family. Working together towards the common goal of societal prosperity and expansion. Empire building becomes the daily life.
This is the ultimate weapon of the national socialist and the key to building a society more wealth and innovative than all others.
A nation so powerful that take 68 other nations fighting it on all sides to stop it. A nation so powerful the Russians were forced to machine gun their own drafted soldiers to force them to march at the national socialists.
The national socialist soldier fights with religious ferocity because he is fighting to defend not only his family and nation but the value of his work hours.
Remember this is the ultimate weapon of the national socialist. An economic instrument that makes all workers rich.
