Comments on: Raze The Fed

By: Interview With John Rubino

Interview With John Rubino — Sat, 13 Feb 2010 00:02:22 +0000

[...] though it’s even more of a long shot than auditing the Fed, it’s still a very powerful and very interesting idea that could capture the imagination of [...]

By: Gold Party Intermission Nearly Over

Gold Party Intermission Nearly Over — Wed, 28 Oct 2009 23:30:55 +0000

[...] situation for average people but instead exacerbating the greater depression. Now is the time to Raze The Fed and while doing the spring cleaning who needs [...]

By: The Coming Market Crash

The Coming Market Crash — Tue, 28 Jul 2009 06:55:45 +0000

[...] safeguards against these types of problems. This is one reason the barbarous relic known as the Federal Reserve should be razed. The unfair and immoral monetary system is complete opposition to a Constitutional monetary [...]

By: Sandman

Sandman — Wed, 15 Jul 2009 04:03:37 +0000

Trace,
The Sixteenth Amendment gave Congress no new powers of taxation. I implore to read,” Cracking The Code: The Fascinating Truth About Taxation in America”, authored by Peter Hendrickson , available at his website http://www.losthorizons.com.
Thanks again for an insightful article.

By: Adam

Adam — Tue, 14 Jul 2009 03:52:33 +0000

Thank you for posting a common sense review. I work at a book store and I have never sold so many books on monetary policy & economics as in the last 8 mos. Even my barber is fascinated by the Fed and gold. He asks me for good books to read on this topic.
I believe the Fed will be abolished. I think that the anti-Fed crowd have too much energy, conviction, and history on their side. I hope that we will not have another Great Depression on our hands.
You are right that we are at the beginning of the end of the Fed. The only question is how badly will our Central Bank go down.

By: Sylvan

Sylvan — Tue, 14 Jul 2009 02:48:33 +0000

In 1916 the Supreme Court has said that the 16th amendment did not authorize any new type of tax, nor did it repeal or revoke the tax clauses of Article 1. Given that, then repealing the amendment would also not remove any form of taxation which existed in 1916 (e.g. the income tax). (Stanton vs Baltic Mining and Brushaber vs Union Pacific)

A 1943 analysis published in the congressional record states, “The income tax is, therefore, not a tax on income as such. It is an excise tax with respect to certain activities and privileges which is measured by the income they produce. The income is not the subject of the tax: it is the basis for determining the amount of the tax.”

A 1980 Congressional Research Service report said, ” it can be clearly determined from the decisions of the United States Supreme Court that the income tax is an indirect tax, generally in the nature of an excise tax.”

(quotes seen many places, recently on http://www.thepriceofliberty.org/04/04/16/greenslade.htm )

By: Scott Chichura

Scott Chichura — Mon, 13 Jul 2009 17:09:51 +0000

What is the problem with a gold or silver or commodities based financial system? At least to me, it seems that a hard currency would limit government power and force the government to downsize. How much more government deficit spending, inefficiency and wastefulness can we possibly tolerate? How are we (the victimized slaves) ever, ever, ever going to pay back all of the borrowed money, money that was just simply created from nothing, out of thin air? Where is the fiscal responsibility. Where is the morality … the fairness, the decency? Where is the discipline? Let’s just stop fooling and tricking ourselves into thinking we can just get something for free, based on paper money that we can be printed for us then used against us. This whole monetary system is completely immoral and must be stopped immediately. Zimbabwae and the Weimar Republic thought they could get away with this outlandish printing. The audacity of them! They, and many others are just a few examples of failed fiat currency systems that fill the pages of history books. Our fiat currency system, though it is still the world’s reserve currency, will also not hold up either. History shows this to be conclusively true. Who is fooling who? We could all benefit with a much, much smaller government in which the private sector takes over much of the current morasse of government operations and in which the free market creates efficiency and soundness as a necessary solution to fiscal negligence that has gone on far too long! If we revert back to a sound monetary system again as our founding fathers sternly warned us that we should never depart from, then government will also ultimately have to abide by the hard currency rules that are entailed in this. This would be great for freedom! It would mean that government would be forced into paying off its debts, as hard asserts cannot be created from printing presses nor can they be created by pushing buttons on a computer. Let us no longer be decieved by the federal reserve note. It denotes nothing except inflation and taxation without representation! The federal reserve and the US fiat dollar must be stopped lest we all become slaves of the bankers!

By: William

William — Mon, 13 Jul 2009 15:33:56 +0000

Trace—
Raze The Fed – Definitely one of your best articles! I am both horribly concerned and inspired.

Best Regards,
William