End the FED!

[planosteve]

US Congressman reintroduces bill to permanently shut down the Federal Reserve

Congressman Thomas Massie (R-KY) reintroduced his bill to abolish the Federal Reserve on Thursday, calling the central bank the root cause of inflation and economic instability.

The legislation, known as H.R. 1846, the Federal Reserve Board Abolition Act, would dismantle the entire Fed system, including the Board of Governors and all 12 regional banks. If passed, the bill would wipe out the 1913 Federal Reserve Act, effectively erasing over a century of central banking in the United States.

Massie, who has been a longtime critic of the Fed, said the central bank devalues the dollar, enables reckless government spending, and causes inflation that hurts everyday Americans. “Americans have suffered under crippling inflation, and the Federal Reserve is to blame,” Massie said in his official statement.

He pointed to the COVID-19 pandemic when the Fed printed trillions of dollars and loaned them to the Treasury Department to fund record-high deficit spending. “By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused high inflation,” said Massie.

Senator Mike Lee (R-UT) is leading a companion bill in the Senate, S. 869, which basically wants to accomplish the same goal. “The Federal Reserve has not only failed to achieve its mandate, it has become an economic manipulator,” Lee said according to Massie.

Lee added that: “We need to end the monetization of federal debt that fuels unchecked spending and put American money on solid ground.”

‘Audit the Fed’ goes viral as transparency demands grow
While pushing to abolish the Fed, Massie is also reviving an effort to force a full audit of the central bank. On January 3rd, he reintroduced H.R. 24, the Federal Reserve Transparency Act of 2025, also known as “Audit the Fed.”

This bill would require the Comptroller General to conduct a full examination of the Board of Governors and Federal Reserve Banks, something the central bank has avoided for decades.

Massie argues that the Fed operates in secrecy, crafting monetary policies that devalue the dollar and make life harder for the middle class.

“The American public deserves more insight into the practices of the Federal Reserve,” Massie said. “Behind closed doors, the Fed crafts policies that slow economic growth while benefiting the wealthy and well-connected.”

Former Congressman Ron Paul (R-TX) originally introduced “Audit the Fed” legislation in 2009, but it has failed to pass despite repeated attempts.

The Audit the Fed bill has gained strong support among libertarians, fiscal conservatives, and crypto lovers, who believe that the Fed’s unchecked power allows it to manipulate the economy without accountability.

https://www.msn.com/en-us/money/markets ... 708d&ei=64

[GFB]

Let us know how many votes they get.

So far..two

[planosteve]

Let us know how many votes they get.

So far..two

Wow now that is progress. Last time I think it was only one!

[planosteve]

The "FED" has always been nothing but a scam that allows the govt. to create money out of thin air so that it can spend all it wants without criticism. There is no legal form of currency under the constitution but silver and gold.