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Weekend Rallies Call For End To Federal Reserve

A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.

-Woodrow Wilson, 28th President of the United States, in a 1912 campaign speech

These days, more Americans are starting to question to usefulness of the Federal Reserve System. From UPI reporters yesterday:

More than 100 people rallied in Salt Lake City this weekend to call for an end to the Federal Reserve.

The Salt Lake Tribune reported Sunday that demonstrators were calling for passage of legislation by Rep. Ron Paul of Texas, a former Republican presidential hopeful, that would abolish the nation’s central bank.

The event in Salt Lake City was one of about 40 similar rallies scheduled Saturday nationwide, including New York City, Los Angeles, Miami and El Paso, Texas.

Paul introduced the Federal Reserve Board Abolition Act (H.R. 2755) to abolish the Board of Governors of the Federal Reserve System and each federal reserve bank.

Congressman Ron Paul speaks at “End the Fed!” Rally
YouTube Video Link (Part 2 link, Part 3 link, Part 4 link)

The demonstrations were coordinated through a website called “End The Fed.” According to the site:

“On the night of November 22, 1910, a group of newspaper reporters stood disconsolately in the railway station at Hoboken, New Jersey. They had just watched a delegation of the nation’s leading financiers leave the station on a secret mission. It would be years before they discovered what that mission was, and even then they would not understand that the history of the United States underwent a drastic change after that night in Hoboken.”
-From Secrets of the Federal Reserve, by Eustace Mullins.

So began the dark conception of the Federal Reserve System, a creature which many economists and Constitutionalists argue is responsible for devouring the political and financial wealth of America. The U.S. Dollar has seen a better than 98% decline in its purchasing power since the time of that meeting at the exclusive resort on Jekyll Island, Georgia.

G. Edward Griffin summarizes here:

“The purpose of this meeting on Jekyll Island was…to come to an agreement on the structure and operation of a banking cartel. The goal of the cartel, as is true with all of them, was to maximize profits by minimizing competition between members, to make it difficult for new competitors to enter the field, and to utilize the police power of government to enforce the cartel agreement. In more specific terms, the purpose and, indeed, the actual outcome of this meeting was to create the blueprint for the Federal Reserve System.”
-From The Creature from Jekyll Island, by G. Edward Griffin.

On November 22, 2008, ninety-eight years later, there will be rallies at every Federal Reserve Bank and office in the country. Activists will demand an end to private banker control over the nation’s money supply and the return to a hard, commodity backed monetary system. Their slogan is simple and direct: “End the Fed! Sound Money for America!”

End the Fed! activists believe that the Federal Reserve Bank, through its inflation of the money supply and the distortion of free markets resulting from its intervention, is responsible for the current financial and economic crisis. They also hold that the current round of “bailouts” and federal government nationalization of large segments of the financial sector further inflates the US dollar and disrupts the proper functioning of the markets and will ultimately serve to plunge the nation into an even more severe crisis, quite possibly even into a serious depression.

End the Fed! supports the passage of Representative Ron Paul’s legislation which would repeal the Federal Reserve Act, H.R. 2755.

Source:

“Protesters call for end of Federal Reserve”
United Press International, November 23, 2008