And the only way to do that is to abolish legalized counterfeiting: that is, to abolish the Federal Reserve System, and return to the gold standard, to a monetary system where a market-produced metal, such as gold, serves as the standard money, and not paper tickets printed by the Federal Reserve. Social Security , Medicare and all that has been promised, owed or collected. Here is a brief summary of how it all started. Black’s Law Dictionary defines the “Federal Reserve System” as: “A Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. President Trump has vowed to reclaim control of the Federal Reserve from the Rothschild family, freeing it from crippling regulations that has held America back for decades. ... Good question. If we were to abolish the Federal Reserve System, and if the government would then transfer to American voters of all of the gold presently said to be in the vaults of the Federal Reserve Bank of New York and Fort Knox, we would see the restoration of liberty. Trump says the Federal Reserve has been allowed to cause interest rates to soar, create huge dept, and slow the growth of the economy for far too long. President Clinton vetoed the bill, the federal government shut down and the rest is history. Congress tried to abolish a few of those very agencies in 1995. Since the Federal Reserve came into existence in 1913, the dollar has lost over 95 percent of its value. It has no Constitutional reference point, and it arose, by statute in 1913, at the behest of a … The Federal Reserve Hurts the Poor and Middle Class the Most . AN END RUN AROUND THE FED. I do not expect Congress to revoke the Federal Reserve Act of 1913 in this decade. It is at the center of control, because the monetary system is at the center of the economy. But abolishing the Fed only raises the bigger issue: What would—or should—be in its place? The Federal Reserve. The Federal Reserve and Federal Reserve Notes are gone. The powers that be who run this country do so by means of the Federal Reserve System more than by any other semi-private institution. The Federal Reserve lacks in a strict sense a governmental mandate. Are it's origins ever taught in high schools or colleges? 3. Today’s dollar is worth less than a nickel compared to the pre-1913 dollar. Most people know little or nothing about it. Our hard-earned money is essentially stolen through a hidden inflation tax. Claim: Presidents Lincoln And Kennedy Were Assassinated For Trying To End Federal Reserve The National Debt under the Federal Governments' promise to pay, evaporates Of course the IRS and all Federal Taxes. Membership rules require investment of stock and minimum reserves.” Shut down the Federal Reserve. The debate is hardly new. The Federal Reserve headquarters in Washington, DC. The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation.