Comment: Ron Paul's 1981 End the Fed Bill:

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Ron Paul's 1981 End the Fed Bill:

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H. R. 391

To repeal the privilege of banks to create money.

IN THE HOUSE OF REPRESENTATIVES

JANUARY 5, 1981 Mr. PAUL introduced the following bill; which was referred to the Committee on Banking, Finance and Urban Affairs

A BILL

To repeal the privilege of banks to create money.

http://www.knology.net/~bilrum/Paul_Prohibit_Banks.htm

SEC. 302. Section l1(n) of the Federal Reserve Act (12

15 U.S.C. 238(n» is repealed.

16 SEC. 303.Sections 5, 6, and 7, and the last sentence of

17 section 15 of the Gold Reserve Act of 1934 (31 U.S.C. 315b,

18 408a, 408b, 444) are repealed.

19. SEC 304. The existing right of the people, guaranteed

20 by the Ninth and Tenth Amendments to the Constitution, to

21 coin, trade, make contracts in, melt, hold, own, or use in any

22 other lawful manner, gold, is hereby recognized and reaffirmed.

beesting