To: long-gone who wrote (49930 ) 3/2/2000 1:57:00 PM From: TD Read Replies (1) | Respond to of 116764
Be certain to read the History part Richard. Good day! From Norfed "WHAT?S BROKE?" WITH THE FEDERAL RESERVE In a recent article in the Missoulian, Mr. Art Rolnick, the director of research for the Federal Reserve Bank of Minneapolis points out that "The economy is incredibly productive. There?s low inflation. The unemployment rate is the lowest in 30 years." And concludes with an interesting question, "What?s broke?" Well, Mr. Rolnick, NORFED, hundreds of Redemption Centers, and thousands of users of the New American Dollar wish to point out that the Federal Reserve (F*R*) broke God?s Law and the U S Constitution. Please consider these points: 1 . LAW Lying for a profit is breaking the Law. It is codified as fraud in all other industries except for Banking, where it is legalized as "orthodox economics". F*R* operates under false pretenses and has from its very conception. Even its name was chosen to deceive a gullible and miss-educated people. The F*R* is a lie and a fraud on the American people. 2. TRUTH The F*R* lies when it says it fights inflation. The F*R* is a classic example of the Hegelian Process. The only cause for inflation is their manipulation of the country?s money. If F*R* didn?t create the problem, there wouldn?t be a problem. The common man can and does manage its affairs in a free market. 3. VALUE The F*R*Notes don?t even provide a reliable store of value ? one of the most essential services of any money. Since 1913 when the F*R* was legalized by Congress, the US dollar has lost 98% of its valued. The 1913 dollar is now only worth two cents. That 98% was stolen. And stealing, regardless of its size, is breaking the law. 4. FREEDOM It was unconstitutional for the government to break their obligation to the people and legalize the fraudulent banking empire in return for a limitless supply of money to fund its own anti-people agenda. It is immoral for the government to enslave the American people with perpetual debt. 5. PEACE The F*R* breaks the peace by finances the government?s wars while its own policies even leads to war. The seed of breaking the peace is created when the F*R* issues fiat money. A currency based on value i.e. gold and silver is a deterrent to war. Fiat currency acts just the opposite. 6. DISCIPLINE F*R* breaks the discipline of an absolute (physical) standard of value, and destroys the monetary relationship to man?s value system. Gold brings order to the financial system just as guns bring order to the social system. Without gold, there is no check and balance on the government, and its ability to buy influence for its own unconstitutional agenda. 7. TIME The most disastrous break occurs over time. Inflation from the fiat money steals the purchasing power day after day, every day. And the only cause for this inflation, this thief, is the F*R*?s legal yet immoral actions. Actions that are especially severe for elderly people who are defrauded of their savings and die in poverty. Lying for a profit is breaking the Law. 8. HISTORY The fatal consequences of fiat money are universal in history. Every time fait currency has been used, it has lead to open lawlessness or tyranny. History is very clear and undeniable on this point, fiat currency empowers the issuer at the cost of the common man?s freedom. In an unholy alliance, the owners of the international banks have simply bought control of the US Government with a limitless supply of "money" for limitless profits. Currently the F*R* and its fractional reserve banking system is a legal yet immoral entity that is permitted to masquerade as a government agency and operate fraudulently by the state. And yes, although all is well with the economy today, it will not be tomorrow when the F*R* wrings out inflation and the American people will have hell to pay. Yes Mr. Rolnick, it will be interesting to see what the public thinks. NORFED prefers to Trust in God, and gold and history and support the common man?s eternal quest to be free. While no currency truly backed by a precious metal has ever failed, fiat legal tender currency has never succeed except at the cost of the common man. For those of you who conspire to enslave us with perpetual debt, we ask you to consider these eight points very carefully and protect yourself with some New American Dollars. Thank you Mr. Rolrick for your remarks and the Federal Reserve?s reaction of "So be it." "So be it", indeed Mr.Rolrick.