Petition to end the Federal Reserve Edited

Edit: I am not here to argue with anyone about whether or not this petition will do anything or the value of having a petition. I originally posted this as an information item in case anyone wanted to view the petition or sign it.

For those so inclined, I am posting a link to a White House petition to end the Federal Reserve. I have signed it myself, but can understand if people here are leery of doing so.

Honestly, until recent years, I knew very little about the Federal Reserve. While most of you here probably are familiar with how the Federal Reserve operates and the powers it has, I am embedding an eight minute video below that gives a brief history of the Federal Reserve and its massive powers for those who do not know.

One of the reasons I am putting this out here is because I firmly believe that nothing will change in this country until we limit or do away with the powerful central banks. Wars and all of the other major ills facing us humans are ultimately tied to the big banks who make money regardless of who wins.

For those who do not want to watch the video but still are interested in signing the petition, here is the link to the petition. The petition has five main points.

https://petitions.whitehouse.gov/petition/petition-president-congress-re...

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The Aspie Corner's picture

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2 users have voted.

Modern education is little more than toeing the line for the capitalist pigs.

EdMass's picture

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3 users have voted.

"I'd love to change the world
But I don't know what to do
So I'll leave it up to you"

Alvin Lee - Ten Years After

Stop the War!

thanatokephaloides's picture

@EdMass

What does his armband say?

Not to mention Mr. Unruhe telling us how an entity was founded in 1914 to solve problems arising in 1929.

???

In cinema, this is known as a continuity error. And when one is trying to show oneself a competent commentator, one should avoid such things.

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7 users have voted.

"I say enough! If Israel wants to be the only superpower in the Middle East then they can put their own asses on the line and do it themselves. I want to continue to eat."
-- snoopydawg

EdMass's picture

@thanatokephaloides

what does the armband say?

You do know who wear armbands. Yes?

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2 users have voted.

"I'd love to change the world
But I don't know what to do
So I'll leave it up to you"

Alvin Lee - Ten Years After

Stop the War!

EdMass's picture

The Wiki

Federal Reserve Bank

The Federal Reserve System is considered to be an independent agency that exists outside of the cabinet of the executive[6] and its powers are derived directly from Congress. Over the past century, the Fed’s power has expanded from its original roles such as a private response to problems in banking systems[7] and to establishing a more effective supervisory role of banking systems in the United States,[7] to its now current position of being a lender of last resort to banking institutions that require additional credit to stay afloat.

In other words, Congress could not figure out what to do. Created an independent agency over which they have no control. So they did not have to decide, legislate or vote.

Our hero in 1913? Woodrow Wilson.

Ergo, a dozen or so people now decide the economic fate of over 300 million.

Gee. That was a good idea.

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14 users have voted.

"I'd love to change the world
But I don't know what to do
So I'll leave it up to you"

Alvin Lee - Ten Years After

Stop the War!

gulfgal98's picture

@EdMass is that the Fed can print money whenever they wish. Also it has not been audited since 1913. At the very least, we the people should be able to audit the Fed.

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14 users have voted.

"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"There is no instance of a nation benefitting from prolonged warfare." Sun Tzu

The Aspie Corner's picture

@gulfgal98 Even if we were to get rid of the fed, the cappies will still be in full control of absolutely everything. If you're going to get rid of the fed, then capitalism has to go with it. Otherwise, it's a token gesture. We'll be right back here in a decade, maybe three, tops.

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5 users have voted.

Modern education is little more than toeing the line for the capitalist pigs.

EdMass's picture

@The Aspie Corner

Y'a see, a person can say one thing, and send a signal that what he says is BS to those that "Know".

Who is he? What is his background?

What does the armband say?

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5 users have voted.

"I'd love to change the world
But I don't know what to do
So I'll leave it up to you"

Alvin Lee - Ten Years After

Stop the War!

EdMass's picture

@gulfgal98

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4 users have voted.

"I'd love to change the world
But I don't know what to do
So I'll leave it up to you"

Alvin Lee - Ten Years After

Stop the War!

thanatokephaloides's picture

@gulfgal98

The problem I have is that the Fed can print money whenever they wish. Also it has not been audited since 1913. At the very least, we the people should be able to audit the Fed.

"We the people" should own the Fed, all of it. Of all the banks needing nationalized, the case is the strongest for the Fed.

A constitutional amendment prohibiting Congress from delegating its power to coin money outside of the federal government would also be a good idea.....

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12 users have voted.

"I say enough! If Israel wants to be the only superpower in the Middle East then they can put their own asses on the line and do it themselves. I want to continue to eat."
-- snoopydawg

The Aspie Corner's picture

@thanatokephaloides

"We the people" should own the Fed, all of it. Of all the banks needing nationalized, the case is the strongest for the Fed.

But I'm sure you know as well as I do the cappies would slaughter us all before allowing that to happen.

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7 users have voted.

Modern education is little more than toeing the line for the capitalist pigs.

Big Al's picture

@The Aspie Corner abolishing the fed reserve, to nationalize or institute public central banking? In fact, that is what the petition demands, to nationalize.
Ending the private federal reserve system and instituting public banking, like in South Dakota the only state with one, would go a long way to creating a more socialist society.

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12 users have voted.
Eagles92's picture

@Big Al At one time in the not-so-distant past, there were signs that Vermont was open to exploring a public banking system. Oddly enough, I've heard nothing about it since. Perhaps it's because people like this are "leading" us.

More and better Democrats!

That Chris Hedges article mimi posted about is spot-fucking-on. (Sorry for the profanity. I'm a bit pissed off today).

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12 users have voted.
thanatokephaloides's picture

@Eagles92

“I don’t think it’s right for a congressman to have stocks in private companies,” Freilich said. “It’s emblematic of a dysfunctional democracy. Republicans and establishment Democrats do this, and people are sick and tired of it.”

source

NO joke!

BadDiabloBomb

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11 users have voted.

"I say enough! If Israel wants to be the only superpower in the Middle East then they can put their own asses on the line and do it themselves. I want to continue to eat."
-- snoopydawg

snoopydawg's picture

@gulfgal98

The pentagon has misplaced $21 trillion. This is up by $19 trillion since Rumsfeld told us on 09/10/2001 that he found out that $2.3 trillion got lost somewhere. BTW, the backup files for the money were in building 7 of the trade center. Convenient, no?

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16 users have voted.

Self-censorship actually silences exponentially more anti-establishment opinions. For every one voice you crack down on overtly, a thousand more silence themselves out of self-preservation

gulfgal98's picture

@snoopydawg Hmmm...I wonder? I never thought about this before, but it is funny how money moves. @snoopydawg You are a great researcher. Good

The pentagon has misplaced $21 trillion. This is up by $19 trillion since Rumsfeld told us on 09/10/2001 that he found out that $2.3 trillion got lost somewhere. BTW, the backup files for the money were in building 7 of the trade center. Convenient, no?

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12 users have voted.

"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"There is no instance of a nation benefitting from prolonged warfare." Sun Tzu

@snoopydawg That is a great catch. I think I had read it somewhere, had forgotten about it.
I am still trying to rationalize Pearl Harbor, the Kennedy assassination, and Gulf of Tonkin.
Great catch.
Keep at it, my friend.

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11 users have voted.

@gulfgal98
Do you know how that worked out?
EVERY modern nation has a fiat currency regulated by a central bank. In most of them, the government owns the bank. I suggest that nationalizing the Fed is a better idea than going bank to 19th century currency non-regulation.

I highly recommend that you study Galbraith's "Money, whence it came, where it went" before signing right-wing goldbug petitions.

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Big Al's picture

The Fed Reserve system does need to be abolished and that should be high on any list of demandsedicts developed for the revolution. It is completely undemocratic and unconstitutional and like our political system, serves the One percent.

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15 users have voted.
The Aspie Corner's picture

@Big Al It has never done anything to protect our rights. Hell, if anything, that stupid piece of paper simply makes domination by the cappies all too easy. You may as well just wipe your ass with it, because that's all it was ever worth in the first place.

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1 user has voted.

Modern education is little more than toeing the line for the capitalist pigs.

Big Al's picture

@# But I have to disagree with the stance of that person on the video. I tried listening to the seven minute mark and he said nothing other than he disagrees with the "conspiracy theories".
I find it interesting that an anti-capitalist Marxist communist is defending an ultra capitalist private central banking system.

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Big Al's picture

@Big Al

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The Aspie Corner's picture

@Big Al while advocating for the very hyper-capitalism that propped it up in the first place.

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5 users have voted.

Modern education is little more than toeing the line for the capitalist pigs.

Big Al's picture

@The Aspie Corner conflicting views there also.

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9 users have voted.
Wink's picture

thing... capitalism would
@Big Al
fail without The Fed.
Which really is the only reason for its existence.
The Fed essentially is the Safety Net of capitalism, and it has protected it very well.
And, The Aspie Corner is right. It only serves the robber barons, the cappies.
The Fed is of, by and for the cappies. The rest of us just pawns on their chess board.

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5 users have voted.

the little things you can do are more valuable than the giant things you can't! - @thanatokephaloides. On Twitter @wink1radio. (-1.9) All about building progressive media.

Not that they care but at least they will know that we are aware of their BS.

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gulfgal98's picture

@pro left

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6 users have voted.

"I don't want to run the empire, I want to bring it down!" ~Dr. Cornel West

"There is no instance of a nation benefitting from prolonged warfare." Sun Tzu

Nomi Prins' "Collusion" and haven't gotten far yet. I've read others about the financial crisis and I have a rudimentary understanding of the Fed from those. I just read a dark "satire" a couple weeks ago called "The History of the Decline and Fall of America" by Scott Erickson. He touches on our monetary system and how it requires constant growth and some of the why of that. The point of that bit was that when the Fed is "creating money" what its doing is relying on private debt instruments from the banks to do that. And in order to keep up with the now constant interest, the system itself would crash without further growth. I'm only just wrapping my head around that concept, and I do see how that relates to MMT and the idea of truly public banking and loans from the government itself without interest. That book also mentioned both Lincoln and JFK wanting to separate the Fed from private banking as well...

And yes, the Fed was indeed created by the cabal in that video, and they do essentially own it as well. I'm not sure I will sign the petition, I've stopped signing those things pretty much after 2016. And I didn't know that total of $29T but it makes perfect sense from what I have read. Try to tell people about that and they look at you like you're a nutter but it's all connected. The wars, the privatization of everything, what's going to happen to the home environment now that we're bringing our pollution back home, unemployment not anywhere as low as these assholes say, lack of decent healthcare, private prisons, all connected to the banks and money. The current Fed should be abolished and replaced, I agree with that.

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thanatokephaloides's picture

@lizzyh7

That book also mentioned both Lincoln and JFK wanting to separate the Fed from private banking as well...

There was no Fed, or anything like it, when Abraham Lincoln was President. The Fed was first established in 1913.

In his day, paper money was still issued by private banks, theoretically backed by gold coin held by the issuers. Once the War of the Southern Treason began, the Treasury issued banknotes without specific backing, much like the ones the Fed issues now. source

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10 users have voted.

"I say enough! If Israel wants to be the only superpower in the Middle East then they can put their own asses on the line and do it themselves. I want to continue to eat."
-- snoopydawg

Wink's picture

is "backed" by the
@thanatokephaloides
almighty U.S. of A.
All 320 million of us.
Only if the almighty U.S. of A. collapses will the almighty dollar collapse.
The recent events of some countries trading for oil in Euros (or thinking about it) instead of dollars suggests slacking faith in the less than almighty U.S. of A. And where the country goes the dollar follows.
TPTB don't seem to understand this relationship, becuz if they did they'd be investing their hard(ly) earned in Space and Mars and infrastructure at home and... and all kinds of projects. But that would create jobs which would create more wealth (for the wrong people - the 99%), and they can't be having none of that. So... so, countries pay for oil with Euros, instead, believing (correctly) that the once mighty U.S. of A. has seen better days. And we send in the tanks in response. gawd I love this country!

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the little things you can do are more valuable than the giant things you can't! - @thanatokephaloides. On Twitter @wink1radio. (-1.9) All about building progressive media.

@thanatokephaloides The book is supposed to be satire and it is in many ways, but it's also loaded with historical references but some are made in a vague sort of way. Wasn't there also some kind of central bank back then though, not the Fed but its precursor?

Anyway, his point was the debt being incurred by the very creation of money and how that related to a system based on unsustainable, constant growth. Some things started making more sense to me with that regarding Fed Reserves and the banks. I'm still having to think through it but that one small point in that book helped me understand it a bit better. It was the film "Inside Job" that finally cemented in for me just what a CDO/CDS is even after reading about those things for a while before seeing that film.

The book is great although a bit dark. It is told from after the final collapse and is essentially fiction but it was good and disturbing at the same time. Just the kind of dark shit I seem to be in a phase with right now.

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divineorder's picture

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5 users have voted.

A truth of the nuclear age/climate change: we can no longer have endless war and survive on this planet. Oh sh*t.