Saturday, November 13, 2010

What can we little people do about the Federal Reserve? Pt. II

 

(Yes, Part 1 has not been posted yet, I will post it soon.)

Learn out lesson? Understand what the Constitution says and demand it of our government? While the Fed is "Independent" which means it is accountable to no one, we on the other hand are dependent upon the Fed as our source of money, credit, and ultimately our very survival.

Well first any Central Bank must be put under the direct authority of Congress. The US Constitution under Article 1, Sec 8 reads...

"The Congress shall have power...To coin money, regulate the value thereof, and of foreign coin..."

What is important to understand is that this is an AUTHORIZATION (giving permission or authority) AND a RESPONSIBILITY (a legal obligation or duty) that is ONLY allowed to the Congress just as it is to provide and maintain a navy, define and punish piracies and felonies committed on the high seas, and borrow money on the credit of the United States. These are exclusive powers and responsibilities of Congress and Congress only which are NOT transferable to any other institution within the federal government, let alone a private cadre of bankers outside the government, and seemingly above the law.

Had this clause of the Constitution read…

“The Congress shall appoint…”, “The Congress shall determine…”, “The Congress shall designate…”, “The Congress shall provide a system by which…”, or anything similar they would be authorized to delegate the authority (and authority only, while retaining in full the responsibility) to whom they preferred.

Moreover, and this is THE REAL CRIME OF CONGRESS the abrogation of this authority and responsibility to an institution that is autonomous, secretive, and unaccountable to the authority of Congress is an anathema to both the text and spirit of the clause.

Whether the Supreme Court wishes to acknowledge this or not makes no difference to the fact that no reasonable mind can deny, the Federal Reserve is an unconstitutional entity and the Courts failure to find it as such only implicates their corruption and collusion.

Never the less, at this point the Fed is a kind of parasitic “symbiot” where the cure may be as bad as the disease. I can find no parallel to our situation in history that does not end badly. Some like the Weimar Republic end “less badly” than others like the fall of Rome which had other serious issues to complicate matters beyond bankruptcy and a broken banking system. However we too have some serious issues of our own with which to contend. One might even look at our illegal immigration problem as being parallel to the Visigoths being allowed within the borders of the Roman Empire prior to its collapse. In short I have no easy answer, and hence my appeal to the Lord God as our only real hope in this life as in the next.