Comments on: End the Fed

By: NYComrade

NYComrade — Thu, 24 Sep 2009 00:00:22 +0000

Miraj, your article is completely factual. I’d like to add that many cronies from Goldman Sachs now either work there or are in correspondence with the top brass. There is great market manipulation taking place and Goldman Sachs should be posted in every Post Office. The Fed will always turn a blind eye to the crimes of its mistress, GS, as will the Treasury. Bear Stearns and Lehman were allowed to fall only because they were GS’s direct competition. As a Democracy, we cannot have a select few multi-millionares in the Fed, Treasury, and manipulative banks controlling the economy. Down with the Fed, but not before a meticulous investigation of these unethical organizations.

By: jasmor@ Myrtle Beach Real Estate

jasmor@ Myrtle Beach Real Estate — Wed, 22 Apr 2009 11:13:11 +0000

the problem with income tax is that it does not take much to earn ( for govt)

and unfortunately govts are terrible at spending money, one famous rule of govt spending being, why have one for the price of one when you can have two for the price of two.

By: Miraj Patel

Miraj Patel — Sat, 21 Mar 2009 03:29:50 +0000

@Doctor DEA The Federal income tax was not originally supposed to be made permanent, but was made so in 1913 with the passing of the 16th amendment, which gave Congress the power to impose an income tax (it did place restrictions, but it also clearly gave the power.) Personally, I am against the income tax and I think it should be abolished because in the end I would much rather have it in the pockets of Americans who earned it than have the government use it. I am for a small Federal government, so naturally I am against most forms of Federal taxation as well.

@Kai Lo The Federal Reserve was still made by the government and it does work with the government a lot, so in a way it is part of government. It definitely has too much power though, considering that does not fall under a branch of government and has no elected officials. The Fed should be audited, but the best decision would be to end it altogether.

By: Kai Lo

Kai Lo — Fri, 20 Mar 2009 23:55:04 +0000

This is a very interesting post. I am currently taking Intro to Finance course in college. Recently, I have just found out that the Federal Reserve has nothing to do with the government. The word “Federal” definitely fools the ignorant people like me. It’s funny how an institution has so much power, and government has nothing to do with it. The Fed definitely needs to be audited because there are so much going on inside the institution that nobody from outside really knows.

By: Doctor DEA

Doctor DEA — Fri, 20 Mar 2009 01:41:35 +0000

Very well written as well as being very informative.

With the Federal Government in mind, isn’t income tax unconstitutional? I have heard about this many times. We as United States citizens are not required to pay an income tax. Where is it written in the Constitution or any of the amendments?

I know that the income tax was started during WW1 as a war tax to help support the war. The Government saw that it was profitable so I guess they decided to keep it going…

Sorry if I was a bit off topic on this…

By: JL Wallace

JL Wallace — Tue, 17 Mar 2009 19:14:53 +0000

Excellent article!

We the People should also pursue an Article V Convention. If we enact Article V of the US Constitution, WE THE PEOPLE can abolish the Fed, the unconstitutional income tax, and end the masturbatory “war on drugs”.

Article V:
The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose Amendments to this Constitution, or, on the Application of the Legislatures of two thirds of the several States, shall call a Convention for proposing Amendments, which, in either Case, shall be valid to all Intents and Purposes, as Part of this Constitution, when ratified by the Legislatures of three fourths of the several States or by Conventions in three fourths thereof, as the one or the other Mode of Ratification may be proposed by the Congress; Provided that no Amendment which may be made prior to the Year One thousand eight hundred and eight shall in any Manner affect the first and fourth Clauses in the Ninth Section of the first Article; and that no State, without its Consent, shall be deprived of its equal Suffrage in the Senate.

(see also)

Friends of the Article V Convention:
http://www.foavc.org/

Keep Fighting the Good Fight!