View Full Version : Replace the FED with what?
David Sadler
03-27-2006, 12:10 AM
Hello,
Been trying to find out if anyone has a plan to replace the FED. I would like to schedule an interview with a researcher/educator who has a published plan to replace the FED. I will need the following questions, among others, to be answered during the interview.
The person being interviewed must submit links to bio and published material or supply me with such material prior to the interview.
Thanks for your time,
David Sadler
www.david-sadler.org (http://www.david-sadler.org)
From: [snip]
Sent: Wednesday, March 22, 2006 11:08 AM
To: David Sadler
Subject: Re: The FED Solution<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>
<o:p></o:p>
The Secretary of the Treasury has no power to do anything except give speeches.<o:p></o:p>
But if I were the President and could get Congress to back me up, I would order the FED to neither buy nor sell assets, except gold. I would order the immeduate sale of all gold, overnight, and mandate the purchase of 90-day T-bills to compensate for the decline in assets, i.e., freeze the monetary base.<o:p></o:p>
Then . . . nothing. Forever.
----- Original Message ----- <o:p></o:p>
From: David Sadler (david@dicapp.com)
To:[snip]
Sent: Wednesday, March 22, 2006 10:58 AM<o:p></o:p>
Subject: The FED Solution<o:p></o:p>
Dr. [snip],
<o:p></o:p>
<o:p></o:p>
As you know, there is a whole industry built around complaining about the FED. A search on Amazon produced the following books and videos just on the first page.(1) As you can see, the nation does not need another book or video on the history of the FED or the nefarious nature of the FED. We know everything there is to know about the FED except what to replace it with, how to replace it and why replacing it will yield any benefits (positive changes) whatsoever to our economy and our society!<o:p></o:p>
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What the nation needs is a SOLUTION (i.e., REPLACEMENT ACTING DIFFERENTLY) to the FED. Right?<o:p></o:p>
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IF the FED is such a problem, don't we need a HOW TO book titled something like what follows my signature?<o:p></o:p>
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Let me know if you have written anything on this subject, and please advise me of anyone you think is qualified to be interviewed on this matter.<o:p></o:p>
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I am preparing a front page article on this subject for posting on my website. I will be discussing on both the web site and the radio program the lack of solutions. We are not ignorant of the problems/symptoms. The marketplace is teeming with books/tapes/articles echoing the problems. There is, however, a very obvious vacuum regarding solutions.<o:p></o:p>
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The focus of my site and radio program will be shifted towards solutions. My website and my radio show will move towards finding those individuals with solutions so we can play a very interesting game called "Restoration Administration in Exile" or "… In Waiting." If you wish to be interviewed for the article, or if you wish to reconsider the radio interview, please let me know.<o:p></o:p>
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Let me ask you what your first five priorities would be if you were Secretary of the Treasury?<o:p></o:p>
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Best regards,<o:p></o:p>
<o:p></o:p>
David Sadler<o:p></o:p>
www.david-sadler.org (http://www.david-sadler.org/)<o:p></o:p>
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I want to read a book like this, but who is qualified to write it???<o:p></o:p>
<o:p></o:p>
END the FED<o:p></o:p>
How to do it;<o:p></o:p>
What to replace it with;<o:p></o:p>
How to minimize transitional disruption;<o:p></o:p>
How to defend against globalist retribution;<o:p></o:p>
How to defeat political and financial takeover post transfer.<o:p></o:p>
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It is only a coincidence that this title/sub-title is in the shape of a pyramid.<o:p></o:p>
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Chapters would include, among others:<o:p></o:p>
<o:p></o:p>
1.In a nutshell: why the FED must go<o:p></o:p>
1.1.Reason 1<o:p></o:p>
1.2.Reason 2<o:p></o:p>
1.3.Reason 3<o:p></o:p>
1.4.Reason 4<o:p></o:p>
1.5.Reason 5<o:p></o:p>
2.Trading one system for another<o:p></o:p>
2.1.How the FED currently works<o:p></o:p>
2.2.How that would change<o:p></o:p>
2.3.Why each change is necessary<o:p></o:p>
2.4.How each change solves a reason for why the FED must go<o:p></o:p>
3.The FED replacement<o:p></o:p>
3.1.Giving 'it' a name<o:p></o:p>
3.2.Who 'owns' it<o:p></o:p>
3.3.Who controls it<o:p></o:p>
3.4.Who regulates it<o:p></o:p>
3.5.How it would be different from the FED<o:p></o:p>
3.5.1.How it would regulate the money supply<o:p></o:p>
3.5.2.How it would back its currency<o:p></o:p>
4.How the transition from the FED to it would work<o:p></o:p>
4.1.Minimizing negative social and economic disruption<o:p></o:p>
4.1.1.Winners and losers<o:p></o:p>
4.1.1.1.Who would win and why<o:p></o:p>
4.1.1.2.Who would lose and why<o:p></o:p>
4.1.2.Net benefits (It's worth it, right?)<o:p></o:p>
4.1.2.1.The net benefit to society<o:p></o:p>
4.1.2.2.The net benefit to the economy<o:p></o:p>
4.1.2.3.How these benefits would be measured<o:p></o:p>
4.2.Transition timeline and project table<o:p></o:p>
4.3.Pre-transfer preparations<o:p></o:p>
4.3.1.Preparing the public<o:p></o:p>
4.3.2.Preparing financial institutions<o:p></o:p>
4.3.3.Preparing financial markets<o:p></o:p>
4.3.4.Preparing the infrastructure<o:p></o:p>
4.3.4.1.laws/rules/regulations<o:p></o:p>
4.3.4.2.Bureaucracy<o:p></o:p>
4.3.4.3.Nationalize FED assets (we paid for it) or buy them again<o:p></o:p>
4.4.Trading paper and coin<o:p></o:p>
4.4.1.How the currency exchange would work<o:p></o:p>
5.Defending it<o:p></o:p>
5.1.How to defend against economic and violent retribution of the global money changers<o:p></o:p>
5.2.How to defend against political manipulation and influence by powerful financial interests<o:p></o:p>
5.2.1.Tell me again how it will be different from the FED<o:p></o:p>
5.2.1.1.The FDA is run by the pharmaceutical and chemical industries<o:p></o:p>
5.2.1.2.The DOA is run by corporate farms<o:p></o:p>
5.2.1.3.The DOE is run by the energy cartels<o:p></o:p>
5.2.2.Preventing political takeover by the money cartels that control the FED<o:p></o:p>
6.Staffing<o:p></o:p>
6.1.Recommendations for positions in an administration dedicated to replacing the FED as one of its primary action items<o:p></o:p>
6.1.1.The President<o:p></o:p>
6.1.2.The Secretary of the Treasury<o:p></o:p>
6.1.3.The Secretary of State<o:p></o:p>
6.1.4.The Secretary of Defense<o:p></o:p>
6.1.5.The Director of Homeland Security<o:p></o:p>
6.1.6.The Director of the Department of Justice<o:p></o:p>
6.1.7.The Director of the FBI<o:p></o:p>
6.1.8.The Director of the CIA<o:p></o:p>
NOTES:<o:p></o:p>
(1) Books and videos produced on page 1 of a search on Amazon.com for "Federal Reserve."<o:p></o:p>
<o:p></o:p>
ØA History of Money and Banking in the <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:country-region w:st="on">United States</st1:country-region>: The Colonial Era to World War II by <st1:City w:st="on">Murray</st1:City> <st1:place w:st="on">N. Rothbard</st1:place> (Hardcover) <o:p></o:p>
ØA History of the Federal Reserve, Volume 1: 1913-1951 by Allan H. Meltzer (Paperback - June 2004) <o:p></o:p>
ØA Term at the Fed : An Insider's View by Laurence H. Meyer (Hardcover) <o:p></o:p>
ØConspiracy The Secret History, Vol. 1 - Masters of the Universe: The Secret Birth of The Federal Reserve VHS <o:p></o:p>
ØFederal Reserve Bank Of New York Economic Review [MAGAZINE SUBSCRIPTION] 4 issues/12 months <o:p></o:p>
ØHow The World Really Works by Alan B. Jones (Paperback - January 1997) <o:p></o:p>
ØMonetary History of the <st1:place w:st="on"><st1:country-region w:st="on">United States</st1:country-region></st1:place>, 1867-1960 by Milton Friedman, Anna Jacobson Schwartz (Paperback) <o:p></o:p>
ØOrigins of the Federal Reserve System: Money, Class, and Corporate Capitalism, 1890-1913 by James Livingston (Paperback - January 1990) <o:p></o:p>
ØSecrets of the <st1:place w:st="on"><st1:City w:st="on">Temple</st1:City></st1:place>: How the Federal Reserve Runs the Country by William Greider (Paperback) <o:p></o:p>
ØThe Case Against the Fed by <st1:City w:st="on">Murray</st1:City> <st1:place w:st="on">N. Rothbard</st1:place> (Paperback - June 1994) <o:p></o:p>
ØThe Complete Idiot's Guide to the Federal Reserve by Lita Epstein, <st1:place w:st="on">Preston</st1:place> Martin (Paperback - March 2003)<o:p></o:p>
ØThe Creature from <st1:place w:st="on"><st1:PlaceName w:st="on">Jekyll</st1:PlaceName> <st1:PlaceType w:st="on">Island</st1:PlaceType></st1:place> : A Second Look at the Federal Reserve by G. Edward Griffin (Paperback - May 1998) <o:p></o:p>
ØThe Federal Reserve Conspiracy by <st1:place w:st="on"><st1:City w:st="on">Antony</st1:City></st1:place> C. Sutton (Paperback) <o:p></o:p>
ØThe Federal Reserve System: A History by Donald R. Wells (Paperback - August 2004) <o:p></o:p>
ØThe Federal Reserve System: Its purposes and functions by Board of Governors of the Federal Reserve System <o:p></o:p>
ØThe Federal Reserve System: Purposes & Functions by Board of Governors of the Federal Reserve System (Paperback - June 2002) <o:p></o:p>
ØThe Secrets of the Federal Reserve by Eustace Mullins (Hardcover) <o:p></o:p>
ØWho Will Tell The People? : The Betrayal Of American Democracy by William Greider (Paperback)
Ponce Cuba
03-27-2006, 12:18 AM
JFK already done that with 11110 which was never overturned.
David Sadler
03-27-2006, 12:33 AM
I'm not interested in hearing from whiners or people who find entertainment value in their immanent demise.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>
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It's time for solutions. If no one on this forum dedicated to the FED knows of any solutions for the boat load of complaints about the FED, and if no one knows of researchers or educators who have authored a solution for the FED, then I'm in the wrong place. Sorry to waste your time.<o:p></o:p>
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People can entertain themselves and whine all they want. That's their choice and right, but there are some of us ready to devise and implement solutions.<o:p></o:p>
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If you want to be a part of the solution, check out the web page every now and then. Our radio show will begin, hopefully, within the next few months. It will be available on the web.<o:p></o:p>
Thanks,
David Sadler
www.david-sadler.org (http://www.david-sadler.org)
G-khan
03-27-2006, 12:43 AM
I'm not interested in hearing from whiners or people who find entertainment value in their immanent demise.<o:p></o:p>
<o:p></o:p>
It's time for solutions. If no one on this forum dedicated to the FED knows of any solutions for the boat load of complaints about the FED, and if no one knows of researchers or educators who have authored a solution for the FED, then I'm in the wrong place. Sorry to waste your time.<o:p></o:p>
<o:p></o:p>
People can entertain themselves and whine all they want. That's their choice and right, but there are some of us ready to devise and implement solutions.<o:p></o:p>
<o:p></o:p>
If you want to be a part of the solution, check out the web page every now and then. Our radio show will begin, hopefully, within the next few months. It will be available on the web.<o:p></o:p>
Thanks,
David Sadler
www.david-sadler.org (http://www.david-sadler.org)
The Money Masters have a two part DVD and explain how to replace it...
Here you can watch video II and see for yourself...
http://www.propagandamatrix.com/multimedia/Money_Masters_Tape2_128KBps.wmv (http://www.propagandamatrix.com/multimedia/Money_Masters_Tape2_128KBps.wmv)
Or order their DVD here...
http://www.themoneymasters.com/
They go into detail how to get rid of the Fed and replace it!
David Sadler
03-27-2006, 01:49 AM
G-Khan and Marketneutral.
I'll try to contact the producer/director/writer.
Thanks for the positive and constructive feedback.
Cheers,
David Sadler
www.david-sadler.org (http://www.david-sadler.org)
Hi, David Sadler.
While I agree that there should be far more discussion about practical solutions, don't underestimate how most average people don't know anything about the Fed to begin with! Yes, while there are numerous books, videos, and websites out there, most people aren't even aware of them, or even care (you can lead a horse to water, but you can't make it drink), or they tend to be blind apologists for corruption, authority, or a certain paradigm.
In short, while well thought-out, detailed solutions are obviously needed, IMO, they're not absolutely necessary at first for educating the average person about the history of the main problem.
* Of course, education and solutions aren't worth a damn if the American people don't have the will or the power to make true changes... and there's a reason why most Americans don't have the will or the power. More importantly, as history has shown, those who profit from the current system sure as hell won't let it be changed without a huge fight, and that fight may take on various forms. (At the very least, some feel that the Fed may respond by once again crashing the stockmarket, and using that as a smoke screen as they contract the money supply inorder to create a true depression.)
(Unfortunatey, I sometimes think that things have to get FAR worse at many levels before they can get better. We may have to go through Winter before reaching Spring, if you will. My main concern is that "revolutions" can be secretly taken over, and the true root cause of various problems may sneak into the "new era" un-detected where it can start all over again. (Then again, some would argue that it's always been that way... the flow of the Seasons.) While we may not be able to stop the shift of the Seasons, I think we're long overdue for a Spring. No?)
Anyway, while I don't want to offer any of my own detailed solutions until I get more knowledgable about certain things, the Money Masters documentary says that we should pay off the National Debt with debt-free US Notes, abolish fractional reserve banking, repeal the Federal Reserve Act of 1913 and the National Banking Act of 1864, and withdraw the US from the IMF, the BIS, and the World Bank. Easy, right? ;-)http://www.themoneymasters.com/monetary.htm
Good luck with your show! :-)
~ nina
erichops
03-27-2006, 04:04 AM
nothing...get rid of the FED and let the mkt set the "price" of money; the savers and the spenders of the world are capable of figuring out what the proper interest rate should be.
David Sadler
03-27-2006, 11:40 AM
Nina,
Your points are well stated and well taken, but a bit passive for me at this point in my life and understanding. You see, I, and many others, are ready for spring. We are tired of being lied to, exploited and robbed -- all legally of course.
Flow of seasons is the circle of life and that's fine if we're talking about Golden Pond, but government is in the hands of those who take it. Societal evolution cycles as well, but knowledge, communication, organization and action can shorten or restart the cycle.
There are enough people educated on these matters to alter government (and the FED) IF they will only participate in a unified movement to do so. I would wager that most on this forum who have been here for more than a year are well educated on the history of the FED, fractional reserve and so on and that reading another book on the FED is not going to add to their knowledge of the subject. Reading about the FED has become entertainment of a sort.
I would propose a project for this forum and its members. Devise a plan to replace the FED. Use the table of contents I posted for a hypothetical book to get started. I think such a collaboration by the members of this forum would extend the group knowledge concerning monetary systems and economies AND it would provide the forum members with a unique and sellable book once finished. It might actually serve as the basis for the beginning of a national debate on replacing the FED. Create a forum topic for each topic and debate it until a concensus emerges on the best solution.
Nina, you said, "the Money Masters documentary says that we should
- pay off the National Debt with debt-free US Notes,
- abolish fractional reserve banking,
- repeal the Federal Reserve Act of 1913 and the National Banking Act of 1864, and
- withdraw the US from the IMF, the BIS, and the World Bank."
I wonder why it left out GATT and NAFTA?
No, it isn't easy, but it's easier than one would think. The journey is not as long as one might believe. The first step is the most difficult.
Would you mind taking the hypothetical book outline I posted and answering the questions posed by the table of contents... just for fun? You can note which answers are coming from the Money Masters video and which are yours.
Thanks for your time to respond and thanks for your effort should you find the challenge too much to resist.
Cheers,
David Sadler
www.david-sadler.org
Worldmariner
03-27-2006, 03:08 PM
Hello,
Been trying to find out if anyone has a plan to replace the FED. I would like to schedule an interview with a researcher/educator who has a published plan to replace the FED. I will need the following questions, among others, to be answered during the interview.
The person being interviewed must submit links to bio and published material or supply me with such material prior to the interview.
Thanks for your time,
David Sadler
www.david-sadler.org (http://www.david-sadler.org)
Wow, your request has teamlaw.org written all over it. Check out thier mission statement, especially the part about returning the jurisdictional senators and the gold standard money system.
wallew
03-27-2006, 08:09 PM
Nina,
Your points are well stated and well taken, but a bit passive for me at this point in my life and understanding. You see, I, and many others, are ready for spring. We are tired of being lied to, exploited and robbed -- all legally of course.
Flow of seasons is the circle of life and that's fine if we're talking about Golden Pond, but government is in the hands of those who take it. Societal evolution cycles as well, but knowledge, communication, organization and action can shorten or restart the cycle.
There are enough people educated on these matters to alter government (and the FED) IF they will only participate in a unified movement to do so. I would wager that most on this forum who have been here for more than a year are well educated on the history of the FED, fractional reserve and so on and that reading another book on the FED is not going to add to their knowledge of the subject. Reading about the FED has become entertainment of a sort.
No, it isn't easy, but it's easier than one would think. The journey is not as long as one might believe. The first step is the most difficult.
Would you mind taking the hypothetical book outline I posted and answering the questions posed by the table of contents... just for fun? You can note which answers are coming from the Money Masters video and which are yours.
Thanks for your time to respond and thanks for your effort should you find the challenge too much to resist.
David Sadler
David,
You seem to think the FRB is ONLY an American problem. It's actually the 'model' for the worlds economy. So your thesis is just a tad short sighted. I suggest you had better ask, "How to replace the WORLDS economic master?" The simplistic "What to replace the FRB with" is WAY to ambiguous.
That shows an basic ignorance of the worlds economies that will NEVER allow anyone to change their stranglehold on the world. Short of WWIII, which we may be closer to than most think. So, unless you have several pocket nukes spread around the world and plan to reduce us to basic ashes, you can pretty much forget it.
Just my .02, but you NEED to understand that the FRB is a world wide economic puzzle that must first be understood and then dismantled. It will be impossible to replace just the USA FRB with out that occuring. So, perhaps you might restate your original thesis?
Sorry.
jim
David Sadler
03-28-2006, 12:43 AM
Hi, Jim,
The question is how to replace the FED, not the FBR. And yes, if you read my site, you will understand that I understand that globalism is the death knell for sovereign national states and self-government.
Being pro-sovereign, I do not believe the people of the USA need to be dependent upon a monetary system designed and run by the globalists. If the US is so dependent upon the rest of the world for its vital infrastructure and the globalist financial systems, how are we sovereign?
By replacing the FED, are we not replacing, for all practical purposes the globalist central bank financial system?
By making the argument that the people of the US can't reform its money supply and banking system without first reforming the Global Banking System, you've made the task of reform a global government issue rather than a sovereign state issue. I reject that emphatically.
The American people can't control the world, but we can surely control our government. By being dynamic, free, prosperous and productive we will influence the world and it will want to trade with us regardless of our monetary system or tariffs imposed.
I would really, really enjoy reading any and all serious attempts to answer the questions I posed in the original post. I'm interested in consistent and cohesive answers leading to a successful replacement of the FED and the complaints (fractional reserve being only one) classically associated with it.
How about trying to answer just the first couple of questions below?
1.In a nutshell: why the FED must go
1.1.Reason 1
1.2.Reason 2
1.3.Reason 3
1.4.Reason 4
1.5.Reason 5
2.Trading one system for another
2.1.How the FED currently works
2.2.How that would change
2.3.Why each change is necessary
2.4.How each change solves a reason for why the FED must go
Thanks for your post, but I reject we must rule the world or become globalists in order to solve problems affecting the economy and government in this sovereign USA. We don't need EU consent to reform our government or its economy. We don't need EU or Russian participation in anything we choose to do. That thinking has entwined the US in the political intrigue of foreign nations. No wonder we are out of control. It's tough enough solving our own problems. Why we should think solving our problems will be easier if we tie ourselves inextricably to every other nation on Earth is a philosophy I personally reject. That would be saying we can't establish a Mars colony without taking the EU along.
David Sadler
www.david-sadler.org
G-khan
03-28-2006, 12:54 AM
I will have some answers for you it will take a couple of days to put them together... I may not be able to answer all but will take a shot at some!
I do think if somehow we could get back control of our own currency it would weaken the entire global Central Banks IMF, BIS etc. Other countries may follow suit!
G-khan
03-28-2006, 02:01 AM
1.In a nutshell: why the FED must go
1.1.Reason 1
1.2.Reason 2
1.3.Reason 3
1.4.Reason 4
1.5.Reason 5
2.Trading one system for another
2.1.How the FED currently works
2.2.How that would change
2.3.Why each change is necessary
2.4.How each change solves a reason for why the FED must go
David Sadler
www.david-sadler.org (http://www.david-sadler.org)
First I want to say I got most of this from the Money Masters and I suggest you get it... I gave two answers so far and I will work on the others when I get time.. 2.1 and 2.2
--------------------------------------------------------------------------
2.1 Our money is created out of the purchase of US bonds. The public buys bonds like US savings bonds, banks buy bonds, foreigners buy bonds and when the Fed wants to create more money in the system it buys bonds with a simple book keeping entry that is created out of nothing. The banks then take this new money and multiply it by 9 or 10 depending on banking reserve requirements and loan it out. So the banks create 90% of the money as new loans or sometimes they invest it and purchase bonds.
<o:p> </o:p>
2.2 How do you fix it (From the Money Masters).
You simply pay off the <st1:country-region w:st="on">US</st1:country-region> bonds with debt free US Notes like the ones <st1:City w:st="on"><st1:place w:st="on">Lincoln</st1:place></st1:City> issued. We could pay off the entire debt in one or two years. If we did this it would cause inflation because of the Fractional banking system we now have and all this new money entering into it. The solution to this inflation is to raise the reserve requirements of the banks in exact proportion to the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> notes printed. As the Treasury buys back the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> bonds, the reserve requirements of the banks will rise until we no longer have fractional reserve banking. We could abolish the Federal Reserve Act and give back the power to create money to the Treasury and Congress. We would have to to put a limit on how much can be printed by matching it to the population growth and make provisions in case of war.
-------------------------------------------------------
Any of you other guys want to take a shot at some of this please do so!
David Sadler
03-28-2006, 03:22 PM
G-khan,
Thanks for stepping up to the plate. The first two responses should certainly get this started. Hopefully, others who are knowledgeable about the FED will join you in this effort. I will be very disappointed if they do not.
I especially like the second one because it anticipates repercussions and devises a management response to handle the negative effect of the reform being offered. This is reform with transition management. There are details to be sure, but this response, as brief as it is, goes WAY beyond the classic mere criticism of fractional reserve banking.
The GoldisMoney forum could profit from a combined effort to answer all the questions in like manner posed in my original post and then create a topic space devoted to REPLACING THE FED.
The GoldisMoney forum plan for doing this would develop over time as debate on each portion of the plan reaches consensus. Once finished, the plan could become a book for sale, and/or a FAQ on how to replace the FED. Forum members contributing to the solution will become the recognized authorities on why and how to replace the FED, and how to transition to the new monetary system in a socially and fiscally responsible manner.
I'll be monitoring the progress. If participation by the group or individual effort reaches a threshold of product, then I will certainly promote the forum topic as the place to go to be educated on or participate in the drafting of a plan to replace the FED.
Thanks again, and I know you will be the big winner in taking on this thought exercise. Your understanding of the 'FED problem' will far exceed all those who, up to now, have been content to simply educate themselves on the history of the FED (central banks) and the symptoms of a monetary system designed to allow money changers to profit at the expense of the economies they 'service.'
Sincerely,
David Sadler
www.david-sadler.org
The GoldisMoney forum could profit from a combined effort to answer all the questions in like manner posed in my original post and then create a topic space devoted to REPLACING THE FED.
The GoldisMoney forum plan for doing this would develop over time as debate on each portion of the plan reaches consensus. Once finished, the plan could become a book for sale, and/or a FAQ on how to replace the FED. Forum members contributing to the solution will become the recognized authorities on why and how to replace the FED, and how to transition to the new monetary system in a socially and fiscally responsible manner.
I'll be monitoring the progress. If participation by the group or individual effort reaches a threshold of product, then I will certainly promote the forum topic as the place to go to be educated on or participate in the drafting of a plan to replace the FED. -David Sadler
And all this hard work assigned is Intellectual Property and will then be copyrighted and owned by Gold is Money or David Sadler?
:deal:
Halophyte
03-28-2006, 05:55 PM
First I want to say I got most of this from the Money Masters and I suggest you get it... I gave two answers so far and I will work on the others when I get time.. 2.1 and 2.2
--------------------------------------------------------------------------
2.1 Our money is created out of the purchase of US bonds. The public buys bonds like US savings bonds, banks buy bonds, foreigners buy bonds and when the Fed wants to create more money in the system it buys bonds with a simple book keeping entry that is created out of nothing. The banks then take this new money and multiply it by 9 or 10 depending on banking reserve requirements and loan it out. So the banks create 90% of the money as new loans or sometimes they invest it and purchase bonds.
<o:p> </o:p>
2.2 How do you fix it (From the Money Masters).
You simply pay off the <st1:country-region w:st="on">US</st1:country-region> bonds with debt free US Notes like the ones <st1:City w:st="on"><st1:place w:st="on">Lincoln</st1:place></st1:City> issued. We could pay off the entire debt in one or two years. If we did this it would cause inflation because of the Fractional banking system we now have and all this new money entering into it. The solution to this inflation is to raise the reserve requirements of the banks in exact proportion to the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> notes printed. As the Treasury buys back the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region> bonds, the reserve requirements of the banks will rise until we no longer have fractional reserve banking. We could abolish the Federal Reserve Act and give back the power to create money to the Treasury and Congress. We would have to to put a limit on how much can be printed by matching it to the population growth and make provisions in case of war.
-------------------------------------------------------
Any of you other guys want to take a shot at some of this please do so!
Just one thing to add.
The power to create money should be reserved by the Several States of the union, not the Federal government.
The consentration of monetary power to a single entity of government was our first mistake. This was what created unlawful act in 1933 that robbed the people of their tangible wealth. It was also a direct violation of the Constitutional rights of the Several States and the individual.
.
"Thanks for stepping up to the plate."
David, with you as our leader, I'm sure we'll hit a "homerun".
"I'll be monitoring the progress."
You will? Gee, thanks. What would we ever do without you?
"If participation by the group or individual effort reaches a threshold of product, then I will certainly promote the forum topic as the place to go to..."
What a swell guy.
"Thanks again, and I know you will be the big winner in taking on this thought exercise."
David, I feel like a winner already just from reading your posts.
---------------------
David, while I'm sure you mean well, and while you make a lot of good points, you're beginning to sound like an arrogant, sleazy, second-rate motivational speaker.
Furthermore, IF the members here want to discuss solutions, then I'm sure they will do so, but certainly not to impress you, or in order to create a book to sell. Spare me.
In short, while I'm indeed interested in reading about solutions, I'm not interesting in having to sift through your overbearing " I'm going to whip this place into shape for the greater good " campaign shtick. Once again, spare me.
Now, if anyone here disagrees with me, and/or feels as if I may have crossed the line in expressing my opinion, then please feel free to say so (especially since I'm new here).
Sincerely,
Nina Ricciano
Interior decorator
GoldWampum
03-28-2006, 08:26 PM
Quote:
Originally Posted by G-khan
First I want to say I got most of this from the Money Masters and I suggest you get it... I gave two answers so far and I will work on the others when I get time.. 2.1 and 2.2
--------------------------------------------------------------------------
2.1 Our money is created out of the purchase of US bonds. The public buys bonds like US savings bonds, banks buy bonds, foreigners buy bonds and when the Fed wants to create more money in the system it buys bonds with a simple book keeping entry that is created out of nothing. The banks then take this new money and multiply it by 9 or 10 depending on banking reserve requirements and loan it out. So the banks create 90% of the money as new loans or sometimes they invest it and purchase bonds.
2.2 How do you fix it (From the Money Masters).
You simply pay off the US bonds with debt free US Notes like the ones Lincoln issued. We could pay off the entire debt in one or two years. If we did this it would cause inflation because of the Fractional banking system we now have and all this new money entering into it. The solution to this inflation is to raise the reserve requirements of the banks in exact proportion to the US notes printed. As the Treasury buys back the US bonds, the reserve requirements of the banks will rise until we no longer have fractional reserve banking. We could abolish the Federal Reserve Act and give back the power to create money to the Treasury and Congress. We would have to to put a limit on how much can be printed by matching it to the population growth and make provisions in case of war.
-------------------------------------------------------
Any of you other guys want to take a shot at some of this please do so!
Just one thing to add.
The power to create money should be reserved by the Several States of the union, not the Federal government.
The consentration of monetary power to a single entity of government was our first mistake. This was what created unlawful act in 1933 that robbed the people of their tangible wealth. It was also a direct violation of the Constitutional rights of the Several States and the individual.
I've watched the money masters, besides doing my share of reading and agree with your conclusions Khan.
Halo has hit another nail on the head re: the consolidated power of the feds. Distributed power to the states and the people are where it's at, and I think we can all see from past examples where and how power occurs. The closer to the hands of the people that the money control lies, the better.
PS: to Nina,
You told it like it is. Good job. This forum is a forum of the people, by the people and for the people. People joining in is great. People wanting to rule the roost are like bodges..... we don't need no stinkin' bodges. :bandito:
G-khan
03-28-2006, 08:58 PM
Just one thing to add.
The power to create money should be reserved by the Several States of the union, not the Federal government.
The consentration of monetary power to a single entity of government was our first mistake. This was what created unlawful act in 1933 that robbed the people of their tangible wealth. It was also a direct violation of the Constitutional rights of the Several States and the individual.
.
So are you saying that each state issue their own notes? How would that be done? One states notes may be worth more than another states etc.?
Also I want to point out a problem with Gold/Silver as money..
If you use PM's you will end up with much like the metalsmiths of old (Rothchilds). Remember what happened to the Colonies and the Colonial Script they printed. It worked well until England declared that taxes be paid with Gold/Silver and the script outlawed. Soon the Colonies had no money as they shipped it all to England to pay taxes and no money = no economy?
G-khan
03-28-2006, 09:19 PM
I've watched the money masters, besides doing my share of reading and agree with your conclusions Khan.
Halo has hit another nail on the head re: the consolidated power of the feds. Distributed power to the states and the people are where it's at, and I think we can all see from past examples where and how power occurs. The closer to the hands of the people that the money control lies, the better.
PS: to Nina,
You told it like it is. Good job. This forum is a forum of the people, by the people and for the people. People joining in is great. People wanting to rule the roost are like bodges..... we don't need no stinkin' bodges. :bandito:
I agree the states need to have the power or last say on the money at the same time I think we need a US note recognized by all the states?
Nina I do agree David does appear to have a big ego and I would like him to respond to your comments.
We are non profit and do not wish to sell a book for profit - if you do put out a book the only way I would consider helping further with your endeavor is to have you agree to let GIM post it for free on our site. We think all people should have access to this type of info and at no cost. The most important thing is our country and getting it back from the money changers and not selling a book to make money.. You could sell a hard cover or whatever but we would post it free.
I hope you are not offended David but our users say what is on their minds and our site will stay that way..
If anyone does not agree with what I said please respond.. and I am sure I can count on you guys and gals to do that..
melbo
03-28-2006, 09:24 PM
Here, here....
And all this hard work assigned is Intellectual Property and will then be copyrighted and owned by Gold is Money or David Sadler?
:deal:
Agreed. I pulled the chain even before Nina...
David Sadler
03-28-2006, 11:59 PM
"[Nina] I would like him to respond to your comments."
-- G-khan, post#24 --
Responding to personal attacks and threats would divert critical time away from productive endeavors.
I can only congratulate Nina on her 'leadership' in personality analysis garnering such a diverse outpouring of support on a forum dedicated to the FED and a topic asking for the forum members' solutions to the FED.
I'll simply point out that had Nina analyzed and responded to my original post in the well considered detail of her post#21, this forum would be on its way to posting its solution for the FED.
David Sadler
www.david-sadler.org
"I'll simply point out that had Nina analyzed and responded to my original post in the well considered detail of her post#21, this forum would be on its way to posting its solution for the FED."
Dave, I'm flattered that you seem to have so much confidence in me. Where were you when I was in highschool?
:love:
Seriously, Dave, if you can't see how your questionable "approach" is actually hindering your desire for a much needed discussion, then I don't know what to tell you. (More importantly, I shouldn't have to be telling a 50yr old, potential Congressman this. Should I.)
Furthermore, I had already responded to your initial post, I said "... I don't want to offer any of my own detailed solutions until I get more knowledgable about certain things...", and then I very briefly summed up the Money Masters solutions. I was simply being honest. (I'm sorry if that wasn't "dynamic" and "constructive" enough for you.) However, on the other hand, it didn't take me long to be put off by your approach... and it only took me all of 5 minutes to write "post 21" (which probably says more about your "approach" than my "misplaced priorities").
Therefore, IF you don't want to divert critical time away from productive endeavors, then perhaps consider changing your approach (and surely you'd agree that any potential Congressman should be flexible in this manner).
Lastly, me pointing out how I felt was simply an attempt to "clear the air" so that people here would feel more comfortable in discussing solutions (because the tension which you had unknowingly created could be cut with a knife).
However, I said my peace, and I truly meant no harm (and I certainly didn't "threaten" anyone). Now, I look foreward to reading about solutions.
~ n
David Sadler
03-29-2006, 01:12 AM
"And all this hard work assigned is Intellectual Property and will then be copyrighted and owned by Gold is Money or David Sadler?"
-- Book --
"We are non profit and do not wish to sell a book for profit - if you do put out a book the only way I would consider helping further with your endeavor is to have you agree to let GIM post it for free on our site."
-- G-khan, post#24 --
Book and G-khan, I do not intend to write a book on a solution or replacement to the FED. If this forum creates such a book or series of web pages, it can choose to profit or not from its endeavors. I seek zero compensation for my contribution and donate the hypothetical table of contents to the task.
Hopefully, that assurance is what Book needs to participate in the discussion others are having right now regarding who issues the currency - the states or the feds. It's a good discussion and shows that before a plan can be forged, alternative views must be aired and a consensus must be forged.
I developed the table of contents as a series of questions I would ask anyone posing as a FED expert during a radio interview. I have submitted it now to several people and G-khan is the ONLY one to even attempt to begin to answer. I was very thankful that he solicited help from the forum members. And I'm even more intersted now in the discussion beginning to emerge on what type of currency replaces the federal reserve note and who issues it. This is progress, and the FIRST I have seen since beginning the search for FED critics with a solution.
"The most important thing is our country and getting it back from the money changers and not selling a book to make money."
-- G-khan, post#24 --
Amen to that, although the money changers are not our only enemies. My primary motivation is to find people with solutions to America's core problems so we can save ourselves and our posterity from the destiny of historical cycles of societal evolution. It's going to take a lot of us moving from complaining and educating ourselves to taking action with the knowledge we have. It's time to move. Those who wish to save America from certain demise MUST take action to avoid the destiny of history. This action will be more effective if it is well planned.
I will feature these people and their solutions on my website and on my radio show once I can get it on the air. Fixing the FED is NOT the number one priority in turning our nation around. The FED problem, however, has demonstrated to me and some colleagues how difficult it is to find people with solutions to areas of national discourse that have become icon parlor arguments - even on web sites dedicated to money and in forums dedicated to the FED.
The email I posted is part of a conversation I had with a nationally known 'expert' or 'authority' on the FED. This expert avoided the questions posed like the plague. This forum read his two or three line 'solution,' that strengthens the money changers' position instead of taking our economy back from them. This is indicative of the predicament we are in.
David Sadler
www.david-sadler.org
For those of you who don't understand what just happened, I'll lay it out:
Dave Sadler wants to publish a book but he wants GIM to write it for him. He even assigned us slaves a precise Outline to follow. Nina finally caught on and called him on it. Dave Sadler then publically "diagnosed" Nina as being the problem child. I'll return the favor with a diagnosis of Mr. Sadler:
Narcissist Personality Disorder
The narcissist cathexes (emotionally invests) with grandiosity everything he owns or does: his nearest and dearest, his work, his environment. But, as time passes, this pathologically intense aura fades. The narcissist finds fault with things and people he had first thought impeccable. He energetically berates and denigrates that which he equally zealously exulted and praised only a short while before.
I would urge Nina to do a Google search on this disorder so that she will realize and understand that she did nothing wrong here. She is the victim.
melbo
03-29-2006, 01:42 AM
Book,
Don't be so hard on him.
His language may have offend a few but he has an idea that I think we all back and believe in. I also saw his outline as a discussion maker and we have gotten pretty sidetracked off of that.
David. Perhaps your Book for profit to GIM statement was not appropriate. Take it away and tell us how you are going to instead direct our knowledge base to come up with a better solution and that if we hit on some good points, you will use it in this upcomming radios show/interview.
We can close this silly gap and continue with the discussion that was started by David and added to by G-Khan.
Lets just drop the Book idea for know....?
I want to see a progressive thinking, FED replacing guy make another run at the house myself.
G-khan
03-29-2006, 02:14 AM
For those of you who don't understand what just happened, I'll lay it out:
Dave Sadler wants to publish a book but he wants GIM to write it for him. He even assigned us slaves a precise Outline to follow. Nina finally caught on and called him on it. Dave Sadler then publically "diagnosed" Nina as being the problem child. I'll return the favor with a diagnosis of Mr. Sadler:
Narcissist Personality Disorder
The narcissist cathexes (emotionally invests) with grandiosity everything he owns or does: his nearest and dearest, his work, his environment. But, as time passes, this pathologically intense aura fades. The narcissist finds fault with things and people he had first thought impeccable. He energetically berates and denigrates that which he equally zealously exulted and praised only a short while before.
I would urge Nina to do a Google search on this disorder so that she will realize and understand that she did nothing wrong here. She is the victim.
I think you are going a little too hard on him and I do think he has made some good points and is right on many things. You may not like his personality but he is right, a solution is needed. Everyone could whine to eternity but what good will it do.. He is not the enemy the Fed is and I would have to agree, I want to see a plan of what will work and how to replace the Fed.
I will come up with some more as I have time to focus on it and I hope others will also..
As far as I can tell he is with us and not against us as far as his desire to get our country back...
Most of the replies to this thread are just what he says, complaining and thats it.
I think it is good to have a plan to replace the Fed - without a plan we will get nowhere. The Founding Fathers came up with a plan and laid it out. Read some of the letters that Jefferson and Monroe and Madison had with each other and how they expressed back and forth to form our Government. Must have a plan - so lets get one and stop whining about David. Thats what I plan to do.
Well, assuming that this member is indeed the real David Sadler, I'm willing to wipe the slate clean. (While I may be blunt and feisty, I'm Italian and Hungarian, what do you want? Besides, that's how things are done here in Philly.)
Regardless, as Mr. G-khan has stated, solutions to the Fed can only help when presenting the main problem to "newbies" (which is my main concern at the moment).:smile:
One other point, as I said, there are very shadowy, powerful groups who won't let things be changed, and that puts certain people who do want things to be changed in danger at some level. Therefore, IMO, it's not just about a "solution", but also about how such a "workable solution" can be implemented and sustained over a long period of time without things being blocked and/or reverted. So, while there are many theories, just exactly what "power" are we dealing with here?
"I think you are going a little too hard on him and I do think he has made some good points and is right on many things." -G-khan
Spoken like the born leader that you are Sir. His opinions are a welcome contibution to GIM and I only went into Force Protection mode after he personally confronted Nina for her opinions. On with the exchange of opinions!
:chat:
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