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Results
Total of 2,481 votes
15.6%
Yes. Its authority should be turned over to either the President or Congress.
388 votes
58%
Yes. It should be abolished and its powers should be left to the market.
1,438 votes
15.5%
No. Its powers are too important to be turned over to the President or Congress.
384 votes
4.7%
No. It’s fine as it is, but it does need new leadership.
117 votes
6.2%
If unemployment was lower, no one would be asking.
154 votes
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The entire united states government is one big corrupt joke. Nothing has changed under the Obama administration its the same old people and special interests. The problem is most citizens just go along with everything they are told, spineless sheep not willing to stand up against anything, that's why we are in this mess to begin with. We need to abolish the Federal Reserve and follow the laws of the constitution before its too late. Why is this so hard to understand? Ron Paul 2012!!
I agree! The Fed is just one big mess of corruption. RON PAUL 2012 you bet.
Our whole Government is corrupt, we allow corporations to bribe elected officials with massive contributions in order to do their bidding. Also Goldman Sachs has many people in strategic high places in Government and they're calling the shots. Henry Paulson was the CEO for GS before he went to work for the Fed. Geithner and others had a direct hand in the risky behavior that led to the crash last year. Instead of bickering over partisan politics and listening to hate radio we should be keeping an eye on whats really going on here. The middle class has been hollowed out while the ultra rich keep getting richer. If this keeps up we wont have a middle class in this country any longer.
What?
Its easy to understand. Starting with the corrupt educational standards that was jammed down Americas throat during the 1960's era. Lowering the standards for the defined injustices of the previous years, then in lieu of raising the intellectual level of all, degraded it. Today Americans are paying the horrible price of that Democratic fix with todays economic decline. Draw a parallel with the Roman Empire, and you have the picture. The short gain of lending to those who had no way in hell of meeting the obligations of this Harvard B.M. Degreed course. Ditto with the B.S. of the current "Health Care" fiasco with its ultimate result as a Tax increase to those who can least afford it.
Granted the previous Admin. and its policies was no better. A. Hamilton warned America about a Central Banking System, then JP Morgan and his cohorts in 1913 made a fortune by what they did at Jeckel Island, thus American Independence was sold out. We now have this Obama guy leading the dimwits who do not understand the Constitution into a "World Supra-Government"! America is being sold out, as the dimwits in Congress refuse to correct the mistakes of the past. No one has learned the lessons of 1929, and its after effects of creating WWII. Perhaps some Congress people are waking up, and take back their responsibilities as our founding fathers set up for the checks and balancing of power for whats left of our freedom. Its an established fact, if one controls a nations currency, they control that country. All dictators know that! It's, as we say, a "No Brainer"!
Paul 1242238, while yes, the crash in 1929 did partially lead to bad economic conditions in Germany that led to Hitler's rise, it was the Treaty of Versailles the Britain and France forced down's Germany's throat that mostly led to it. Germany was in a depression trying to pay back to costs of WWI before 1929, to the point where the cost of a loaf of bread fluctuated between 100,000 DM and 1,000,000 DM over the years, because of the incredible inflation.
tom474e; I agree with your post. We have forgotten that bribery is against the law, even though it's considered a "White Collar" crime. It especially applies to government officials in any capacity. The penalty for perpatrator and recipient is a fine and/or no less than two years in prison. Plus barred from ever holding public or political office again. We have been letting these people break the law for to long. Now, they think they are above it. It's time we show them who's the boss and it isn't the president.
Nothing will happen.
Bernanke will keep his job , Timmy , the "child" of FED will keep his job, because all the Ponzi scheme would be unfolded should they leave....
It is just a test of people's anger...
Unfortunately the Fed is propping up a broken system. There was a time where people could save a year for a car, or 5 years for a house. With all of the artificial inflation of prices, the Fed just perpetuates the bloat.
Where is the deflation?? Why are we still paying high prices for gas when demand is down, there is a gigantic surplus, and we are in the winter phase where prices are supposed to drop?? The whole system is propped up.
This is what you get when 3rd parties influence the markets, rather than letting the market work itself out.
If I'm not mistaken I think Kennedy wanted to do away with the fed years ago just before he was shot.
He definitely did authorize THE TREASURY to issue currency. This infringed upon the Fed's powers and shortly thereafter he had a big hole in his head.
You figure it out.
JFK wasn't the first President to recognize the malevolent power of an unaccountable central bank. Nor was he the first President to have assassination attempts perpetrated upon him consequent to conflicts with Banker Scums. Jackson and Lincoln were two others. Jackson survived their attempts.
Texas gal,
And Lincoln.
And John Tower
Pickle Heinz
And how many more died under questionable circumstances?
Any wonder the helicopter strikes such an arrogant pose?
Take a look at how "silver certificates", which are US currency, differ from the other notes.
Between ending the Fed, ending the war in Vietnam quickly, and then not allowing a US site to be hit and then blaming Cuba to start yet another war, JFK had zero chance surviving all the powers he angered.
The only way to get rid of the Fed is to go back to the enforced discipline of a gold (or basket of commodities) standard. While this has it's limitations it does force fiscal discipline on the government. Then if we could get a Clean Elections system with a Fair/Flat or Fair Flat tax along with a balanced budget amendment we would be in far better shape as a country. It would cause some pain at first but not as much as this crap.
I concur!! I also agree that a flat tax is the only fair solution. No one gets any breaks (that means no write-offs) period, no exceptions.
I have to agree with James Stepp & dayzed.
A flat tax is the only logical choice. But this is the government we are talking about here. They have no sense of discipline and they are absolutely not logical, they are self serving thieves. That is why the gold standard will never return. They have the nerve to bail out AIG {who by the way insures government employees retirement, not the common peoples social security} and other failing entities.
Our system is flawed and well beyond broken. I don't believe auditing will help fix a system this corrupt, it will just usher in more corruption from a different angle.
The day after the flat tax is passed lobbyists will quickly go to work chipping away at it. When they get done rich people will get their breaks and all the little people will pay all the taxes.
JFK wanted to limit the Fed, look where he ended up.
The Fed is one of the problems with the economy. If they are audited, it may help, but behind the scenes, there are people running the Federal Reserve that will probably have a way of doctoring the audit, so that it will all appear on the "up and up" anyway. I don't trust the Fed.
Many think they are a government agency. They are a private enterprise that is running our financial system. It is not fair. In fact, IT'S CRIMINAL!!
Yes time to end the fed!!
The Small-minded that think Ron Paul , our era's new & not-improved Ross Perot,is their savior & that ending the Fed,or enacting a so-called flat tax(though if I was wealthy I'd go for it!),etc.will improve anything don't really understand how our financial system works. When you go looking for simple answers to complex problems like this,you eventually end up with people like Hitler running things.
No in fact most people who understand how our monetary system works realize that it is the federal reserve and the banking cartel criminals that have caused the mess we are in, along with congress and the last four presidents (at the very least). Obama had his chance to make real change and he has failed. Both the republicans and democrats have had their chances and failed. The small minded people are the ones that keep doing the same thing over and over again and keep expecting different results. They are the failures. It's your actions and your ideas that have failed not mine.
They weren't my actions or ideas,I don't work for the govt. I'm not saying it doesn't need major changes & improvements, but to think that the 2nd coming of Ross Perot & his simple-minded solutions - especially a "flat tax" where billionaires & corporations will pay much less than they do now-is going to make things better for the average middle-class American is at best uninformed & basically just stupid.
Our common ground seems to be anti corporatism. This year MSFT and CSCO the two largest companies in the US payed 0% federal taxes while you and I got eaten alive. If there were a flat tax with no exceptions then guess what!! Also the plus side to a flat tax is that any lobbying done by the corporations to lower the tax rate would also lower the tax rate for everyone. Now it becomes a moot point for any sort of lobbying with taxes assuming no one gets exemptions. Yes in this case simple is better.
Billybob, you're clearly poorly educated and shouldn't be commenting on things you don't have the mental fortitude to talk about. Your first comment alone shows that you know nothing about the Federal Reserve, because they are a PRIVATE central bank that many people feel wields more power than the whole of the US Government, and they can single handedly bring the world to it's knees economically.
Hitler is already here.
Yeah Hitler stomped on the Constitution for 8 years and then we got rid of him. And his puppeteer.
Why it always must be a Jew to control Feds?
This is true..Obama is being advised by the same group that brought you "The Fall of the American Empire" Allen Greenspan understudies.
Surely he is aware of this?
Thank GOD I started buying GOLD several years ago...this ponzi sceme we call Wall Street and the cartel we call the FED are really one in the same. I really think it is too late for this country to turn it around unless we vote out all the incumbents at once and abolish the FED and go back to a gold standard. Can't wait for gold to hit $2K+++!!!!!
michael,
Me too because when that bubble bursts I will be laughing my ass off.
AND FYI most people do not have any extra money to buy gold after the rent, util, insur. and a little groceries are bought (just to name a few).
Why it always must be a Jew in control of Feds?
Check out Rothschild in Europe and their surrogates here.
The Chinese are telling their investors and citizens to buy gold and the Americans tell its investors and citizens to buy Chinese made products at all our department stores. Go figure.
David,
China already has colonies in America WALMART!
If the fed handled the banks the way the the auto industry got treated,the public would approve. There needs to be regulations in place.
I hate to say I told you so but didn't I say we should have let them jump? We should have let them all jump. Instead we saved them and now look at what they are doing to municipalities. They're costing us even more in terms of jobs and money.
I guess we could pat them on the back and say congratulations you got us taxpayers pretty good, and rest assured that they have more in store for us as they get ready to pay out over 700,000 average per employee bonus payouts this year.
Where is our leadership when we need them in this situation? We didn't let them jump. Instead we saved them. Do we need to continue allowing them to rape us? Can we not stop them at all ever? Are we stupid? We must be for this is really happening.
What leadership? Oh..you mean the Chicago Mafia in Washington?? That leadership? Good luck with that.
Great point about the auto industry. Regulations in place NOW. Next: Wall street and Health Care. Government set rates for care and premiums based on pure risk period.
When we have so called leaders, Republicans and Democrats giving our jobs to people overseas; of course your going to have trouble. Our government is bought off by Wallstreet! If our senators, congressmen and even us, are investing into the so called stock market and knowing we are investing, we are part of the problem too. The only way to get those on capital hill to listen, is to stop buying things we don't need and stay out of debt!!!
Anybody that was placed in the Fed that Bush supported should be ran out. Ben Bernake! This whole thing just didn't happen overnight!!!
Why bailout individuals. 95% would just blow it all on more stupid things. The young generation has yet to learn that finaning everything is not feasable. Why would a newly wed couple need a new home, two cars, boat, RV and a couple of ATVs. They dont. Im sure 90% of you (mostly liberals) have forgotten of a little known act that was passed back in the Clinton years. CNN and NYT were all over it when he assured a nation it was for the best. Now look at us. Liberals now all the sudden have their blinders on like MSNBC< CNN,The act was the Comodities Modernization act. AIG and Enron, high gas prices yada yada yada. Cant blame only Bush, dems had the house and senate. As long as Steve Erkle is in the Whitehouse we are basicly scr*&^. Its like Jimmy Carter all over again
You hit the nail on the head with that one!!!
Carter set the stage for much of what is going wrong with the U.S. & Middle East right now.
the younger generation, the 20 somethings, were brought up 'everybody-gets-a-trophy' ie, socialistic. Just like the 20 yr old gal told me, "the rich should be taxed more. They "owe" it to the country"! What's that tell ya???
I think we ought to start slow and get rid of all the seasoned politicians and do like jury duty have regular people serve for a short period, sure you would have to weed out the bad, but that is all we have now. that way no one is in there long enough to do the damage that is happening now. And instead of bailing out banks and the auto makers the gov should've helped the common guy out of debt instead the same people that did this to us we just paid them again, com'on.
That is the way the founding fathers intended it to be in the first place. Regular, educated men and women...We the people serving the people and the nation, not career politicians serving themselves and the coorprate machine.
If you treated the Congress like Jury Duty, then we'd be all sorts of messed up. I'm not defending elitists in the Congress, but unless you're well educated then you wouldn't be too good of a legislator, especially since the passionate whims of the majority would be a bigger influence on a "regular Joe" Congress, which is what the Founders tried to prevent. Protect the minority from the whims of the majority.
I think there should be an amendment nationalizing the Fed, making a fourth wing of Government, subject to the rest of the checks and balances system. Or give the Treasury the powers of the Fed, and give it Cabinet level status (I already know the Treasury has Cabinet level, but making the Fed part of the Cabinet, which again, throws it into the checks and balances system).
No, we should go back to what the Constitution says where "only Congress has the power to coin money" - and that is how it should be, and was before 1913, and should still be in our future (if we have any). GOLD COINS, NOT meaningless fiat paper!
We do not need to further pervert our system with a new 4th branch of Government which would only lead to even MORE DECEPTION (via deception like yours) and even MORE ABUSE of the public (via abuse of the Constitution).
No, return back to the original model of the United States. The problem is thus lessened in that now we'd have to focus on who in Congress we trust and who we don't and kick out those malcontents POST-HASTE!
The corruption is obvious. No one has benefited from the bailout but Wall St. Main St USA got screwed again. My President has failed me. I really believed that we the people were getting help, no I was wrong. Wall St. got the help and we just got the shaft. Like most Americans who live in Main St. USA, I will be homless and unemployed for the holidays...thanks for the bailout money, it's looks like you bailed out on us!
Robert
You are so right.The government The fed are crooks and not for the American people.They think there better.We should put a stop to this some how.Politicians are the reason this country is going down the drain.There no better then a bank robber,Or one that would take candy from a baby.They lie to get in office and lie and steal all the days of there life,Living off the tax payer.But yet people vote for them.What a sick world.