November 20, 2008
by Jake, the Champion of the Constitution

Upset about the financial crisis and how it could negatively affect your life? Think it won't effect your life?  Try reading my last article "Bank and Credit Union 2008 Body Count at 32".  Well, speaking for myself, I've already harassed my Congress representatives to no avail, so I suppose it is time to show up at the FED itself. 

END THE FED! protests will take place at all FED branches and offices in the following 39 US cities on Saturday:

Atlanta, Baltimore, Birmingham, Boston, Buffalo, Charlotte, Chicago, Cleveland, Cincinnati, Dallas (Alex Jones of prisonplanet.com to attend, hope he does not break the below principles!), Detroit, Denver, El Paso, Helena, Houston (Ron Paul to attend), Jacksonville, Kansas City, Little Rock, Los Angeles, Louisville, Memphis, Miami, Minneapolis, New York City, Nashville, New Orleans, Oklahoma City, Omaha, Philadelphia,  Phoenix, Pittsburgh, Portland, Richmond, Salt Lake City, San Antonio, San Francisco, Seattle, St. Louis, Washington, DC.

Visit here to sign up, join, and find out when and where to meet up.

The site specifies that END THE FED! participants must agree to the following principles:

• Peaceful, Non-Violent Rally to Support Sound Money
• Cooperation and respect for local laws and authorities
• No harassment of Fed employees
• No blocking of pedestrian or vehicular traffic

"The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals... it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted." - Thomas Jefferson to John W. Eppes, 1813

For any who are unaware, although the Federal Reserve was  created by Congress and President Wilson via the Federal Reserve Act of 1913, the Federal Reserve's use of paper currencies unbacked by gold and silver is unconstitutional, although this decision has been made many times by the contemporary executive and legislative branches, especially in times of war. 

There is debate about whether Congress has the right to transfer its power over monetary policy to the FED, especially since there is very little oversight over Ben Bernanke's crew; the FED has never been audited by Congress.  This month Bloomberg filed a lawsuit  against the FED demanding that they disclose the recent bailout recipients.  The House Republican leader has demanded the same.  As of today, the FED has refused to comply.

Per the Constitution, Article 1, Section 8, Clause 5, states that only Congress shall have the power "to coin Money, regulate the value thereof, and of foreign Coin, and fix the Standard of Weights and Measures."

Article 1, Section 10,  Clause 1, prohibits the following: "No State shall coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt."  

Both of the above have never been amended in any way, and the Constitution is the highest law in the land, NOT the Federal Reserve Act.

Why November 22?  From "Secrets of the Federal Reserve" by Eustace Mullins:

"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. The delegation had left in a sealed railway car, with blinds drawn, for an undisclosed destination."  They were led by Senator Nelson Aldrich, the Assistant Secretary of the Treasury, and leaders from JP Morgan's and Rockefeller's banking families.

I am planning to visit to the USA (I reside in Asia) and attend the Chicago demonstration, assuming I can convince my hosts that it will be a good time.

"Whenever the legislators endeavor to take away and destroy the property of the people, or reduce them to slavery under an arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from further obedience, and are left to the common refuge which god hath provided for all men against force and violence." - John Locke

For Honest Money and the Republic!

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