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Answer...

"what are we going to replace the system with?"

Answer: The US Treasury

Aka: Nothing!

If someone attempts to put in a national bank or temporary bank we will do all possible to stop it. If it comes to pass, we will put it under high scrutiny & move to end it for sure.

When the free competition in currency act gets through and we're able to use different forms of tender, that will be the winding down of the Reserve. They can't stop the states, and the states will be the first to adopt competing currencies in every direction.