End the federal reserve. Create a gold/silver backed currency with cash bills logged on the blockchain.
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Yes. The Federal Reserve as you know is a private entity and is not part of the government. Its money collector is the IRS which is a corporation registered in Puerto Rico. Bring in the Quantum Financial System with worldwide gold-backed currencies.
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This is just my 2 cents
A Proposal to End the Federal Reserve Act and Transition to a Treasury-Controlled, Asset-Backed Blockchain Monetary System
Introduction
For over a century, the Federal Reserve System has enabled deliberate financial abuse by central bankers and corrupt politicians, whose actions have systematically exploited American citizens. The Federal Reserve’s unchecked power, combined with a debt-backed fiat currency system, has led to the erosion of our purchasing power, unsustainable national debt, wealth inequality, and economic instability. Despite overwhelming evidence of its failures, the political and financial establishment has willfully refused to address the injustice, perpetuating a system that enriches the few at the expense of the many.
This proposal outlines a transformative plan to abolish the Federal Reserve Act, return the authority of money creation to the U.S. Treasury, and establish a sound monetary system backed by tangible assets. By integrating blockchain technology, this plan ensures maximum transparency, privacy protections, and efficiency, while ending the abusive cycle of inflation, debt, and economic manipulation.
Why Change Is Necessary: The Case Against the Federal Reserve
- Willful and Deliberate Abuse by Bankers and Politicians
The Federal Reserve has facilitated wealth extraction from the American public through inflation—a hidden tax that erodes purchasing power and transfers wealth to those closest to money creation (banks, corporations, and the politically connected).
Fractional reserve lending and reckless monetary policies have created speculative bubbles and economic crashes, leaving ordinary citizens to bear the consequences.
Corrupt politicians have used the Fed as a tool to finance endless wars, corporate bailouts, and welfare for the elite, all while avoiding accountability for fiscal irresponsibility.
- Fear of Justice and Reform
The establishment resists reform because dismantling the Federal Reserve would expose the depth of their complicity in a rigged system.
Politicians fear losing their ability to borrow unlimited amounts of money to fund pet projects and perpetuate their power.
Bankers and corporate elites fear the loss of their monopolistic control over money and the end of their risk-free profit model, enabled by taxpayer guarantees like bailouts and the FDIC.
- A System Built on Exploitation
The current debt-backed currency system forces the government to borrow every dollar it spends, creating perpetual debt and enriching private banks at the expense of taxpayers.
Inflationary policies ensure that wages never keep pace with the cost of living, trapping Americans in a cycle of dependency and economic insecurity.
By exporting inflation and propping up fiat currencies globally, the Federal Reserve undermines trust in America’s economic leadership and destabilizes global markets.
- Unwillingness to Seek Justice
Despite the 2008 financial crisis exposing systemic fraud and corruption, no senior bankers were held accountable. Instead, they were bailed out with taxpayer money while millions of Americans lost their homes and livelihoods.
Politicians and regulators refuse to challenge the Federal Reserve system because they benefit from its ability to create money out of thin air to fund their agendas.
A Vision for Justice: A Treasury-Controlled, Asset-Backed Blockchain Monetary System
The Federal Reserve must be abolished, and the responsibility for money creation returned to the U.S. Treasury, where it constitutionally belongs. To ensure a fair and just monetary system, we must adopt an asset-backed currency, supported by tangible commodities like gold, silver, and other real assets, and utilize blockchain technology to guarantee transparency, efficiency, and accountability.
Key Components of the Proposal
- Ending the Federal Reserve Act
Objective: Repeal the Federal Reserve Act of 1913, abolishing the Federal Reserve System and transferring its functions to the Treasury.
Rationale: The Federal Reserve’s continued existence perpetuates a cycle of inflation, debt, and corruption that benefits the few while exploiting the many.
- Transitioning to an Asset-Backed Monetary System
Objective: Replace the debt-backed fiat currency with a sound currency backed by tangible assets, ensuring stable value and trust.
Rationale: Asset-backed money prevents inflationary abuse, restores purchasing power, and encourages fiscal responsibility by limiting arbitrary money creation.
- Returning Money Creation to the Treasury
Objective: Restore the U.S. Treasury’s constitutional authority to issue debt-free, asset-backed currency.
Rationale: Treasury-issued money eliminates interest payments to private banks and ensures public accountability in monetary policy.
- Integrating Blockchain Technology
Objective: Use blockchain to issue and manage currency transparently, efficiently, and with privacy protections.
Key Features:
Transparency: A publicly auditable blockchain ledger prevents fraud and ensures accountability.
Privacy Protections: Cryptographic techniques like zero-knowledge proofs balance transparency with individual privacy.
Efficiency: Blockchain reduces transaction costs, accelerates payments, and eliminates reliance on intermediaries.
Implementation Plan and Timeline
Phase 1: Legislative Preparation (0–1 Year)
Draft and pass the Monetary Sovereignty and Sound Money Act (MSSMA) to repeal the Federal Reserve Act, authorize the Treasury to issue asset-backed currency, and develop blockchain infrastructure.
Audit national tangible assets to determine their role in backing the new currency.
Phase 2: Infrastructure Development (1–3 Years)
Design and build a Treasury-controlled blockchain system for issuing and managing asset-backed currency.
Develop secure storage systems for physical and digital assets backing the currency.
Pilot the blockchain system in select regions to test scalability and integration.
Phase 3: Transition and Deployment (3–5 Years)
Issue Treasury Asset-Backed Currency (TABC) alongside Federal Reserve Notes during the transition period.
Allow citizens to exchange Federal Reserve Notes for TABC over a 2–3 year period.
Integrate TABC with existing banking systems and digital wallets.
Phase 4: Full Implementation (5+ Years)
Finalize the transition to Treasury-controlled, asset-backed currency.
Optimize the blockchain system to enhance security, performance, and accessibility.
Promote international adoption of asset-backed monetary systems.
Benefits of the Proposal
- Economic Justice and Stability
Ends inflationary policies and preserves purchasing power.
Eliminates the Federal Reserve’s role in enabling corruption and exploitation.
Anchors the currency to real value, restoring trust and stability.
- Accountability and Transparency
Blockchain technology ensures public oversight and prevents abuse of monetary power.
Treasury-issued currency aligns with constitutional principles and public interest.
- Empowering Americans
Reduces the wealth gap by eliminating inflation-driven asset bubbles.
Restores individual financial independence by protecting savings and wages.
- A Just Reset
A transition to asset-backed money acknowledges and addresses the systemic injustice caused by the Federal Reserve.
It ensures a sustainable economic foundation for future generations.
Conclusion
The Federal Reserve System represents a century of willful financial abuse, perpetuated by corrupt politicians and bankers who fear accountability and justice. It is time to abolish this unconstitutional system, return monetary authority to the Treasury, and establish a sound, asset-backed monetary system. With blockchain technology ensuring transparency, efficiency, and privacy, this proposal offers a just and practical path forward to restore economic fairness, fiscal discipline, and public trust.
The American people deserve a monetary system that works for them, not against them. This proposal is a call to action to finally end the injustice and build a foundation of prosperity and integrity for all.