Have you seen The Money Masters web site? I just found it. They support a Monetary Reform Act which would eliminate the Federal Reserve Bank and put the Treasury Department back in charge of printing money (United States Treasury Notes instead of Federal Reserve Notes).

Watch The Money Masters video and Tell 300 Million People at YouTube.

I think you will find this interesting. I did. My imagination can't even stretch around it.

Short version: If you control the money supply you control the nation no matter who is elected to the government. The Federal Reserve Bank (FED - common useage) controls the money supply for the United States. It is an independant association of banks, not a part of the U.S. government like the U.S. Treasury. No treasury funds are appropriated by the Congress for the operation of the FED.

Every Federal Reserve Note (U.S. currency) is, in effect, a loan certificate for money borrowed from the FED. The Treasury prints our currency then SELLS it to the FED for the cost of printing! The FED then uses those Federal Reserve Notes to BUY U.S. Treasury Notes - some on the open market, some directly from the Treasury. The Treasury (that's US, folks!) pays interest on those Treasury Notes just like they would on a loan. In effect, the FED LENDS Federal Reserve Notes to the Treasury and collects interest on them at face value!. Right now we are paying $400BILLION each year in interest to use Federal Reserve Notes for our currency.

WHY? It's TOTALLY unnecessary! The U.S. Treasury can print U.S. Treasury Notes and put them in circulation to replace an equal number of Federal Reserve Notes. They can then return those FED notes by buying the U.S. Treasury Notes back from the FED with them. We could replace ALL FED notes with Treasury notes in ONE year! Just think about it: eliminate that part of the National Debt represented by the FED Reserve Notes in circulation (all of it?), eliminate a $400Billion annual interest expense and regain control of our economy AT THE SAME TIME! I've heard talk of injecting liquidity into the economy, there's a credit crunch, people and businesses can't get credit, the U.S. has a credit economy... isn't there a little too much credit involved here? I think we need to take away our government's credit card, close our FED account, and revert to a CASH economy.

Economists will tell us that it would cause runaway inflation if we did that, and they're right, it would if that was all we did. Changing to a cash economy would not be the cause of the inflation, though. The culprit there would be Fractional Reserve Banking which I'm going to refer to as FRB. To prevent inflation we would have to eliminate Fractional Reserve Banking. There would be tremendous advantages to all of us if we were to do that. There is an excellent document that was published by the Chicago Federal Reserve Bank and distributed for free. The document titled "Modern Money Mechanics" explains how Fractional Reserve Banking works, and it's an excellent scam. It's a bookkeeping trick which allows banks to lend the same money out a couple of dozen times, compounding the interest they make on it in the process.

So how do we convert to a cash economy without causing runaway inflation? That turns out to be pretty simple in concept too. First, we require banks to have 100% of their deposits on hand at any given time (100% reserve instead of 10%). They achieve that by exchanging Federal Reserve Notes for U.S. Treasury Notes. Second, we separate banking institutions from lending institutions. Banking institutions would not be able to make loans and lending institutions would not be able to conduct banking operations (accept deposits).

If banks could not make loans from their deposits and were required to have 100% of their deposits on hand at all times, a bank could never fail because of a "run on the bank". Also, depositors could never lose all their savings because the bank would be able to satisfy all requests for withdrawals at any time. Our economy would no longer go through "boom and bust" cycles characteristic of Fractional Reserve Banking. Prices and wages would stabilize. The amount of currency in circulation would increase gradually at approximately the population growth rate and it would take legislative action to increase it. Barring corruption in the Congress (which we really can't do) the economy would grow gradually and predictably.

You will have to read "Modern Money Mechanics" carefully - I had to read it several times - to fully understand what they are doing. In a nutshell, they have ten times as much money on their books as they have on deposit at any given time. I have it archived HERE if you can't find it. It's in Microsoft Word format (.doc). If you want to download it to your own computer and you're using Internet Explorer you can right-click on the link and click on "Save Target As..." then choose a folder to save it. If it wasn't 591KB long I would post it as an essay.

I SUGGEST that the FED, NAFTA, SPP, North American Community/Union, and Amero are ALL TIED TOGETHER! The links are tenuous right now, but too many things are happening that complement each other for all of them to be purely coincidental. Our economy and our society are being manipulated by men in positions of power in the interest of a "Global Economy". I'm all in favor of a global economy as long as we don't have to surrender our sovereignty as a nation to participate in it.

More later...