IF you go through with this, you know this will DESTROY everyday American Citizens right? YOU live under this umbrella too.
IF you tear this down, you BETTER HAVE a plan to replace it, and not kill every citizen living here. your post doesn’t have any action attached to it.
what would you propose we do to keep me and you from dying when the system collapses?
A most welcome argument
Silver could work as a backing for the dollar also.
Well stated.
Now break it down into smaller proposals, so we can make it work with the new one bill syatem.
Has anyone mentioned removing all credit card debit?? Letting us restart some way if we were current before 2020? After these 4 years and never being 1 day late in our lives, we are now drowning and no way to recover in credit card debit. It has been sold so many times we are not even sure what is ours and who it was with any longer.
I remember my old high school teacher had a whole economic plan that would involve state banks instead of the federal reserve, here’s the article he wrote on it Literal most valuable reason TO YOU for .01% arrests: Govt ‘invests’ tens of trillions for ‘pension funds’ worth ~$600,000 per US household while taxing you for 95% of pension costs, paying Wall Street ‘advisors’ twice the pensions’ net income! Monetary reform + public banking = $1,000,000 to YOUR household
I believe we have a massive spending problem and that our spending priorities are grossly misplaced.
Discussion on the mortgage backed security
Why do housing prices continue to rise despite the global financial crisis in 08? One reason is the mortgage backed security and the GSEs (Freddie Mac and Fannie Mae). The main investor in MBSes is the federal reserve. Through support of the GSEs, the fed is propping up housing prices, including rent.
If you think about it- normal companies need to sell their product in order to make money. In the case of the GSEs, however, the GSEs make money when they buy a loan from a lender and gain interest off of the borrower. This is extremely counterintuitive- how can a company make money through buying- not selling? The answer is through federal support.
The fact that both GSEs are “regulated” under FHFA AND have a single family and multifamily division makes things even worse. The GSEs compete with each other through who can BUY more mortgages, while simultaneously have conflicting internal divisions where one “supports” home buying while the other “supports” renting (since renters pay off commercial loans eventually sold to the GSEs). It’s as if the existence of these companies is what is making home prices and rent prices go up.
What purpose do these companies really serve other than to drive home prices up and rent prices up along with it? Either get rid of the multifamily division entirely or combine the two companies into one as they are essentially doing the same thing anyway.
Suggestion to government: Create an FHFA mandate to accomplish one of the above to help the average American
The issue with digital currency currently is the inability to track, regulate as well as trust its value. The value of a coin is back by its popularity, not by a concrete item to base its value on. Being 100% digital it has been track to human trafficking, drug cartels, terrorism and extremist groups in the US such as the proud boys and ANTIFA.
I think most would agree you are on the correct thought path. However, there needs to be a concrete item to base value upon. Such as gold, minerals, utility, things of that nature.
I’m support of your theory, bitcoin has partial value due to its “rarity”. The current issue with the USD is how many printed issues of US dollars are on the streets. A Ferrari Enzo isn’t expensive because it’s so well made and comprises of the most valuable materials on earth. It’s valuable because it’s rare. A 3 bd, 2 bt house used to cost $40,000 because the dollar was not as available to its value took you further along. But like a Ferrari, gold and money is physical. You can lean against the item for its value. Bitcoin you can’t because it’s in the either.
Bro that’s entirely too long 
@dastockman Love the clarity in your proposal and objectives.
While the cost of USG debt can be attributed to fed policy, there is a structural imbalance between the financial industry and the market place that needs to be corrected; and its a consequence of history and convention, not specific policy per se (there are several statutes and policies which enable the exploitative behaviors in the transaction banking market, but there is a solution).
I recommend a possible merge with my policy recommendation. The USG should establish an exchange for its payables (would require tweaking the Anti-reassignment Act); but a new asset class to create a virtuous cycles centered around working capital; and the USG would be its own market maker.
It appears the Fed has decided to sacrifice the currency to save the economy, or the current economic model. Unfortunately, they will end up sacrificing both as the current model which equates recessions to failures requiring a constant cycle of bailouts and quantitative easing prevents the very thing needed for a healthy economy - the flushing out of zombie companies, including zombie banks. We need to get back to a free market system where unsuccessful enterprises are allowed to fail.
If I am understanding what I just read, is Carter Glass Harry theory the best way, also what will that do to the moneys we have deposited in our banks, will they still be insurance, if something was to happen and the bank goes under. Plus what hand would the special interest people have in this, or would there longer be and special interest groups, those don’t help, the influence form offering money to influence the votes of each member drives from greed is no good, I feel each bill and member should vote on each bill fairly.
The Federal Reserve and The Central Banks are our #1 Enemy!
Catherine Austin Fitts should be appointed as Treasury Secretary!
Well said!
I would like to see Catherine Austin Fitts being asked to join the administration.
Hard to imagine a more important area for reform.
My 2 suggestions are:
I believe this would go great with my idea which is to push more trades onto people. The trade school are not really pushed in school so we have to let others know they have options.
Stop borrowing + less spending + less deficits = less debt = less government.
Say NO to central bankers, digital ID, & CBDCs (central bank digital currencies).
Avoid the “one size fits all” programs.
Promote transparency at all levels.
Eliminate the agencies that do not contribute to the freedom and independence of the people.
Allow for open and honest discussion…like this forum… 
The problem is recent history has shown that any preemptive bursting of financial bubble will end up in severe disaster. It was so when Japan experienced its real estate bubble after Plaza Accord and subsequent BOJ tightening cycle, same with US circa 2000 tech bubble when Greenspan began to tighten, and certainly the ongoing China real estate situation when Xi decided to tighten credit flow to the sector. By removing the FED at this juncture would be akin to bursting an existing bubble. Let’s be frank, the real culprit to our national financial situation is the result of liberalism and hubris when those attitudes take hold they amplify confidence and demand for more speculation which no policy maker will go against the grain in any position. It’s human nature to avoid being the party pooper so to speak. Putting monetary policy or money creation directly into the hands of government or the POTUS, away from the FED, is inviting even more disaster, since, once again, politicians and policy makers are not known for self-discipline and restraint. The FED has a bad reputation is precisely because Congressional politicians and policy makers refuse to take on the hard and controversial work such as limiting government spending or restraint speculation or limiting corporation power such as stock buybacks. For example, Glass-Steagall was a sensible law as lessons learned after 1929, but was removed by short sighted politicians and policy makers. The FED under liberalism has been used for money flooding, if the proper conservative atmosphere is created then it could be used to reward savings and prudent spending/investment by raising rates. Liberalism fosters the anything go attitude and shun prudence. In the old days bankers were known for their stodginess but they have transformed into wolves of wall street, masters of universe. Another problem at hand is we have cryptocurrencies that are on the precipice of recreating the situation akin to when private banks issue their own currencies that caused financial turmoil. It’s really the speculative attitude that’s the main problem.
I looked through a lot of post, that every one is talking about ending the federal reserve, I agree but what I did not see, is all the money we always giving to other countries and they never paying back, that needs to stop, we are not the world bank, yet they tell us they need money the government ask how much and gives it to them, we seen this recently with the Biden Harris administration since when are we the world’s bank, if country don’t pay us back the don’t get any more, also there should be a contract as a loan if there is any money wanted by other companies, just like if I went to a bank to ask for money, I would have to fill out paper work and show why I need it, then the bank will look into it to see if I am a good risk to lend money to, yet other countries ask and they get it. They always keep asking just like Ukraine and it’s given no questions asked. Think about if we got all the moneys back that was given out, what would do for the national deficit.