HR 2990: Historic Bill to Abolish the Federal Reserve

The Federal Reserve Act, deceptively passed under extremely shady circumstances by crooked bankers and politicians in the employ of John D. Rockefeller and J. P. Morgan in 1913, is one of the most oppressive pieces of legislation in U.S. history. Do your own research and be sure to use a variety of sources before assessing the validity of this stunning attack of economic terrorism by wealthy predators. The combination of manipulation by clever insiders and ignorant acceptance by obedient, dull-witted politicians is staggering by any standards. The true story would make an unbelievable movie.

I’m reminded of a famous quote by Mark Twain: “Truth is stranger than fiction because fiction is obliged to stick to possibilities. Truth isn’t.”

Some of the most destructive events in our history have been perpetrated under the most amazing and astonishing circumstances – things that would seem impossible had they not been fully documented. Yet some still aren’t believed by many people because they have so much pride in their intelligence that they are terrified of looking foolish to fellow citizens. These people willingly join the ranks of coincidence theorists simply to avoid being categorized as conspiracy theorists. This is one of the most effective tools in the arsenal of the ruling class. They make sure enough “respected” and “intelligent” people ridicule certain versions of events that portray the duplicitous relationship between wealthy rulers and those temporarily in charge of government. Then, after repetitive indoctrination of the masses preaching the integrity of the infamous “captains of industry” we are expected to kiss their rings and worship at the altar of their sacred religion – Capitalism.

The Federal Reserve Act, passed in December 1913 and also known as “The Christmas Massacre”, is one of those rare times when millions have been duped and the consequences are that the people of the United States pay interest on our own currency to wealthy, private shareholders of a ruthless corporation that portrays itself as a government entity.

Wake up and help put an end to economic tyranny.

My version of the story of the creation of the Federal Reserve posted on this blog a few years ago:

The Most Revolutionary Act

In 2011, to address the failed US recovery, former Congressman Dennis Kucinich (D-Ohio) and Congressman John Conyers (D-Michigan) introduced HR2990, the National Emergency Employment Defense Act. The bill proposed to abolish the Federal Reserve system and end the ability of private banks to create money out of thin air.* If the bill had passed, it could have instantly ended all federal deficits and debt, while simultaneously providing trillions of dollars for vital infrastructure and restoring funding to states and local authorities for education, hospitals, clinics, housing, police, libraries and other programs cut after the 2008 economic crash.

The late Stephen Zarlenga, founder of the American Monetary Institute and co-author of the bill, always found it ironic that in 2008-2099 the US Treasury “printed” between $3-15 trillion of new money (aka quantitative easing) – as HR2990 proposes. However instead of spending this government-created money into the economy as HR2990 specifies, they…

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7 comments on “HR 2990: Historic Bill to Abolish the Federal Reserve

  1. Interesting stuff. In my view on a world wide scale the commercial and professional culture is even more corrupt than the politicians that are elected to serve the people. What illusions we create.

  2. Reality has been molded into an industry-friendly fairy tale that serves the agenda of the ruling class – people who have collected enough wealth to purchase a majority of media and so are able to “create” their own “truth.” They are the cancer that has spread throughout the planet and infected virtually everything with the religion of Capitalism where everything is for sale. When speech is monetized, there is no free speech.

    When personhood is given to artificial entities it makes a mockery of the concept. Think about how many ignorant people have been conditioned to accept such nonsense.

    When the basic necessities in life are put up for sale instead of being provided, a society is uncivilized since bank accounts of the few are put above the well-being of the majority of living beings.

    When raping the environment is called “progress” and subjugating entire populations is called “taming the savages”, people are indoctrinated into a brutal system that has no place for compassion.

    This millenia, that is what Capitalism has done. It can be viewed as the machine of colonialism. It is a tool of control that has tamed the “wild beast” of creative thinking and has left a majority of the population without true free will – like a race of the walking dead. We obey. Yes, Capitalism IS extremely efficient. And the Federal Reserve is the nerve center of that system here in the U.S.

    Thanks for the comment. Hopefully, people learn to take this issue seriously. Then, one day we might have a democracy.

  3. It shocked me years ago on learning that the Federal Reserve was not a government entity.

  4. Yeah. Obviously, that was planned that way. They used a name that gave the impression it was a government entity so they could manipulate the economy and when people complained, they’d complain about big government – the best of both worlds. I’m sure the word reserve was carefully thought out, too, so that people assumed there was something of value in reserve to back the currency they print. Capitalism is all about deception and debt.

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