The Federal Reserve is a quasi-private banking cartel that has a monopoly on the currency and credit of the United States. The FED is often referred to as the “fourth branch of the government.” FED Chairman and oligarch Ben Bernanke ultimately answers to no one in government on monetary policy. Congress has completely reneged on their constitutional duty to the American people to maintain the integrity of our currency, the dollar.

The FED holds the “money power” of our nation, and this power belongs to We the People, not international bankers wearing Brooks Brothers suits. The FED is also responsible for the price inflation we have seen our entire lives. However, make no mistake – it is not really the loaf of bread or gallon of gas that is getting more expensive; it is the plummeting purchasing power of the dollar because the FED has created so many new dollars.

As your Congressman, I will fight to, as is said, END THE FED! and return the money power to the people, just as Thomas Jefferson and President Andrew Jackson's “hard money” Democrats successfully did. I will propose a bill to phase out the FED within one year, and transition from “Federal Reserve Notes” to “United States Notes.” In the transition period, Congressional oversight will be implemented on all decisions. Fractional reserve banking practices will be phased out and eventually banned. I will work to gradually transition from the fiat United States Notes to gold and silver currency. Legal tender laws will be removed, the U.S. Mint will offer free coinage of gold and silver coins, and all taxes will be removed on other currencies.

While the FED exists I will:

Fight for monthly audits so that Congress and the American people know what the FED is up to with our currency.

Fight to eliminate centralized control of interest rates and the money supply.

Fight to restore proper congressional oversight on the FED and empower Congress to veto the FED's actions.

A future without the FED is worth striving for. Imagine an America where the family no longer must send both parents to work while sending the children to daycare. Imagine an America where money saved in the present-day worth the same or even more decades later, enabling individuals to pursue retirements or have more leisure time for personal pursuits.

Join me and imagine a future where government bureaucrats can no longer press the key and create more currency in a single second than you could earn in a lifetime. Without a monopoly over money and credit, the government will once more be forced to serve We the People as our servant, not be our harsh master.

I have written fairly extensively on the FED. From my articles, you can find everything you need to know about the FED!

Fractional Reserve Banking in Pictures (PART 1/2)

Yes, Virginia, There Are No Reserve Requirements (PART 2/2)

The Money Matrix – How the FED Works (PART 6/15)

The Money Matrix – Who Owns the FED (PART 7/15)

Unlocking the Money Matrix – The Real Interest Rate (PART 12/15)

Ron Paul's rEVOLution Versus the “One Ring” of the Federal Reserve

R.I.P. – The London Gold Pool, 1961-1968

Gold and the “Average Man”

MY PROPHECY – The Federal Reserve Will End!

The Federal Reserve – A Good Company to Work For?

Bernanke Speak: Translated

Bernanke's Great Lie – The 'Gold Standard' and the Great Depression

In presentation format, you can also download “The Problem with the Dollar“

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Jake Towne is running for U.S. Congress in Pennsylvania's 15th District in the 2010 election as a citizen unaffiliated with any political parties. Jake also writes at www.LibertyMaven.com and www.CampaignForLiberty.com. A master campaign presentation for internet viewing is available. A novel campaign website built by Raging Debate, TowneForCongress.com has recently opened. [Reach the Author Here!]

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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

As always, unlike the NFL, the author grants full permission to allow any accounts of, rebroadcasts, retransmissions, repostings of this article to your blog or anywhere else in order to promote the Restoration of our Republic.

Veritas numquam perit. Veritas odit moras. Veritas vincit. Truth never perishes. Truth hates delay. Truth conquers.

Tu ne cede malis sed contra audentior ito. Do not give in to evil but proceed ever more boldly against it.

Summary of Articles and Bibliography for Jake Towne, the Champion of the Constitution (8/7/2009)

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Other Recent Articles by the Author

FDIC: “We Aren't Bankrupt and Everything is A-OK”

Jake Towne's Income Tax Plank

Jake Towne's “Right to Bear Arms” Plank

Jake Towne's Talk on Financial Derivatives to CC-BASD

Jake Towne for Congress: The Concept of “Our Open Office”

Health Care – An Open Letter to flag@whitehouse.gov

Health Care: Another Open Letter to Congressman Dent from Jake Towne

Fractional Reserve Banking in Pictures (PART 1/2)

Yes, Virginia, There Are No Reserve Requirements (PART 2/2)

Jake Towne for Congress 2010: Health Care Platform Announcement