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OpEdNews Op Eds    H3'ed 12/2/09

Abolish the Fed and Return Money Creation Power to Congress

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Stephen Lendman
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-- end a fiat currency system that's dysfunctional, broken and corrupted;


-- return the country to a sound, hard currency monetary system; and/or


-- replace private banking with a public alternative at the federal, state, county, and municipal levels to end Fed dominance, and return the nation to sustainable, productive, stable, non-inflationary growth, free from predatory banker control.


On February 3, Paul again tried (with no co-sponsors) by introducing HR 833: Federal Reserve Board Abolition Act:


"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."


It was referred to the House Financial Services Committee where no action so far has been taken.


House and Senate measures, however, are underway to audit the Fed. On February 26, Paul introduced HR 1207: Federal Reserve Transparency Act of 2009:


"To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes."


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