Issue Position: End the Fed

Issue Position

"Give me control of a nation's money and I care not who makes it's laws" -- Mayer Amschel Bauer Rothschild

The Federal Reserve single handedly poses the greatest threat to the liberties, the prosperity and the freedoms of the American people. It is through the understanding of how the federal reserve system works and how by stealth they steal the wealth of the American people that we will finally be able to right this great wrong. There is no issue of greater importance than this.

Passed in Congress on Christmas Eve 1913 after most of Congress had gone home for the holiday and overnight, the control of our money supply was hijacked. The Federal Reserve with its Federal Reserve note, an instrument of debt, prints currency out of thin air, sets monetary policy, sets interest rates, creates booms, busts, and bubbles and is responsible for the debasement of the dollar by over 95% since it come into existence. It interferes with the free market and refuses to allow itself to function correctly, when the free market is able to function the right way it creates on environment of prosperity and confidence, this is where we have to return to.

By distorting the free market and artificially lowering the interest rate it has allowed for multiple bubbles to form. A lot of free credit is made available to the market and it encourages an environment of spending and consumption instead of savings and production.

As the lender of the last resort and the bailout institution, banks are allowed and are encouraged to behave recklessly, to take on risk that otherwise in a true free market they would not be able to do so. They have created an atmosphere of uncertainty and have created the next bubble which will result in the collapse of the dollar.

When the current crisis that THEY created hit, they instead of allowing those banks and institutions to fail instead intervened again with several bailout packages that has flooded the world in excess dollars and has put the taxpayers on the hook to the tune of trillions upon trillions of dollars. THIS IS UNACCEPTABLE, THE FED MUST BE ENDED

As congressman, Dan Riina will propose several pieces of legislations

Abolish the Fed
Abolish legal tender laws which is unconstitutional, which will allow for competing currencies
Abolish the FDIC

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