While they're at it, let's just repeal the modern fractional reserve banking system altogether.

(and demand Idaho's sovereign airspace be free of black helicopters!)

Not a bad idea really. Since the dollar is currently valued based on the nebulous "strength" of the US economy that is in the toidy bowl.

What caused the current state of the economy? I forget....could it be federal policies? Overprinting of USD's, unbridled borrowing, minimal oversight, a corrupt system.

Yea, business as usual when the foxes are guarding the henhouse.

History has shown that all fiat monetary systems eventually fail. The dollar has dropped to its lowest point ever, not to mention a historical low against the Euro. Time to get out from under the manipulation and control of central banks and return to sound money.

Those of you who enjoy the status quo don't understand what a scam the Federal Reserve or other central banks are.

Where do you think they get the billions of dollars that they lend? They just print it, or enter numbers on a computer. They do not have this money that they lend or anything to back it, it's just created out of thin air. Then, they lend you (or the government) this money that they counterfeit and charge you interest on it!

There is more money owed (because interest is added) than exists in the economy. The economy must grow exponentially, consuming natural resources at an ever increasing rate, to maintain the machine. Write-offs, repossessions, bankruptcies and foreclosures are an unavoidable part of this money system because not enough money exists to repay debts.

As more money is printed, it makes the value of the existing money worth less and less, thus causing inflation. Inflations robs people of their savings and earnings, and transfers wealth to the elite. At some point, the dollar will experience hyper inflation and will become worth less than the paper it's printed on. Pennies and nickels are already worth more for their metal than their face value.

The secret, private bankers that own and control the Federal Reserve will continue until they own the world. They already own the US government and control most of the countries' wealth. Eventually, central banks will consolidate (European Union, African Union, North American Union, etc.) until they have created a new world order and will rule the world. This is why it doesn't matter who you vote for, as both parties are owned by the same powers. This is why illegal immigration is not stopped, because the bankers want a single world government.

War is extremely profitable for banks. The same banks lend money to conflicting countries to fund their wars. President Bush's grandfather was laundering money to support Hitler. Lincoln was assassinated because he created a central bank that was controlled by the government. JFK was assassinated because he attempted to rein in the Federal Reserve Bank.

Oh, and let's not forget the great depression. The Federal Reserve Bank was created with the promise that bank failures and depression would no longer happen; yet they deliberately caused the worst economic period in the 20th century. They lent out huge amounts of money, which fueled the "roaring 20's" and then called in the loans, causing the stock market crash. After the crash they continued to reduce the money supply, which threw the nation into a depression.

Republicans: Taking you back to the 19th Century.

Pegging currencies to precious metals was discontinued because it restricted the growth of the economy to the amount of a finite resource held by the government. Anyone who advocates capitalism and a free market economy would utterly reject this idea.

Note: This is not a defence of the Federal Reserve, just a rejection of an ignorant proposal.

Inflation/the drop in the value of the dollar is the primary reason that gas has more than doubled since the Iraq War started. Our government prints money out of thin air (or borrows it from China, etc) to finance wars based on lies -- this has caused massive inflation!

Meanwhile massive war profiteering is going on with no-bid contracts (most members of congress are invested in these companies). To add insult to injury the neocons then try to blame high gas prices on environmentalists and countries in the middle east. Ridiculous.

Japan & China are buying up Gold and Silver just like they did the cement & Steel. Where do you think all the TV ads are sending the Precious metal to??? The lowest bidder??? Or the Highest!!! It is not staying here in the US Folks.

Well it's about damn time.The Federal Reserve has been a drain on our Nation and our economy for way to long now, and its about time we as Americans take a serious look at ridding ourselves of this Cancer that has been plaging the economy of the United States for so many years. It was created by Greedy Bankers wanting to Control the Nation by controlling our money supply and charging our government interest creating the largest federal deficit in our nations history.We as a nation need to come together on this issue, and rid ourselves of this Central Greedy Bank and return to the only standard that works precious metal backed money.We have the authority to print our own money using the Treasury Department and thats what we need to do. President Abraham Lincoln did it during the civil war, the money he had printed up was called "Greenbacks" and we can do it again now.In the late 1700's and early 1800's the Colonists also printed up their own money and were very prosperious, until the English rulers outlawed the Colonists ability to print and use their own money.Thus this was the true reason for the colonial revolt against England. England refused to allow the Colonists to use their "Colonial Script". Thomas Jefferson hated and fought to keep this country from having a Central Bank and rightly so.Banks are in business for 1 reason and 1 reason only and that is to make money and create more wealth for themselves at our expence, and they don't care what it costs.

are all going to run full page ads and TV commercials telling how they wish to go back on the gold standard and how their first proposed action will be to abolish the Fed reserve and the IRS. Yup. Ise can see it all cleerly now.

If you go back to 1913, and compare the value of the dollar for what it could buy, and see the difference today, you would realize that our money has devalued to approx. 2 cents, possibly less, given the recent fiasco. Not bad, given almost 100 years.

There is an alternative that a good friend suggested. Why not a 3 tiered money system? Silver, for everyday stuff, gold, for major purchases, and rhodium for international payments. We also need to be self-sufficient in energy, and support wars that ARE DECLARED by our Congress, not INSTIGATED by the UN.

Right now we are virtual slaves to hucksters and the ever-present interest rates. The Fed can inflate at will and we will see hyper-inflation at some point. We are not immune to the natural laws of economics.

We don't need to discontinue the Dollar, we just need to re-name it to.....The Penny.

have to watch closely as you go thru the metal detectors.