Abolishing the Federal Reserve

Dear Brian McCONNELL;

I don't know whether your intent is to deceive others within the forum or you're just confused...

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"Ron Paul's 'current legislation' (H.R. 2755) entitled, the Federal Reserve Board Abolition Act of 2007 "already flopped like in 2003", it's merely "in the first stage of the legislative process" of further deliberation by the House Financial Services Committee..."
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As with HR 2778 in 2003 - still in the first stage of proposal. Look for yourself:

http://thomas.loc.gov/home/c108query.html
Search for "HR 2778"

and compare its stage of development to the repititious bill you call current legislation:

http://thomas.loc.gov/home/c110query.html
Search for "HR 2755"

If you are endorsing private credit from the Fed then you are endorsing the Fed. Period. So it does not matter really how many times Ron Paul puts a bill to abolish the Fed on the Floor, it will die the moment it gets there if people like you are in the majority - basically anti-constituents working against what Ron Paul is trying to do.

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"Theoretically, but in respect to your proposed 'remedy' to eliminate $9 trillion of national deficit through 'non-endorsement', if our entire population of 300 million people were to participate in your plan, on average, each individual would have to successfully 'remedy' more than $30,000..."
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For every one person who redeems the national debt by redeeming lawful money in the amount of their paycheck, that is one more constituent in support of abolishing the Fed. And your posts work against that by supporting that people continue endorsing private credit from the Fed.

http://money.cnn.com/2007/08/24/magazines/fortune/eavis_citi...

Good thing your sophistry to support the Fed is more difficult to understand than the truth. With instant and seemingly infinite "liquidity" available it is hard to say where that critical mass is, when the Fed will falter. - What percentage of people need to start non-endorsing private credit to make a difference. But it certainly will be long before the entire national debt is paid off one paycheck at a time. Meanwhile I can assure you that you pledging yourself chattel on the table of false balances, as security behind all that "liquidity" is doing nobody any good except bankers.

Regards,

David Merrill.

Exactly.

1) "...convincing Congress to abolish the Fed."

That flopped. Take a look for yourself.

http://thomas.loc.gov/home/c108query.html
Search for "HR 2778"

and

http://thomas.loc.gov/home/c110query.html
Search for "HR 2755"

You are in error to call the legislation "current" - because it has already flopped like in 2003:

"The Federal Reserve Board Abolition Act of 2007 - current legislation proposed by Rep. Ron Paul."

- found at http://theenemyslies.com/resume.aspx

2) "...demanding that private credit be redeemed"

That is what one does when they non-endorse their paychecks. They withdraw the presumption they are the bond for the fractional lending as if they were bankers for the Fed.

Both of these avenues are working in conjunction with one another. As people quit endorsing private credit, and begin redeeming lawful money, the national debt is redeemed by that same amount. Furthermore, this starts forming a constituency for Congresspersons like Ron Paul who put bills forth to abolish the Federal Reserve Bank in America.

In other words if everybody is signing endorsement for private credit from the Fed, they are not supporting Ron Paul's bills to abolish the Fed. Their signatures endorse the Fed; the exact opposite. In any situation, one would look at the signature over any lip service given.

Regards,

David Merrill.

P.S. You said:

"Since you never seem to actually articulate or explain just how to 'redeem' what's currently a $9 trillion debt, but only disparage those like myself who support and contribute to Ron Paul's own efforts to 'abolish the Fed' ."

Pointing out that direct sources are better than Internet commentaries is hardly being disparaging Gospelnous. And if you are endorsing private credit from the Fed, you are the reason Ron Paul's bills flopped - which is hardly supporting and contributing to his efforts.

As shown by the commentary from the member below, it is not that difficult to understand.