1. What would the process be for the Federal Reserve to be eliminated/discontinued? Congressional repeal?

2. If there's no Federal Reserve, would currency then be issued directly by the government?

(Asking Ags because I know we'd get the good, solid answers we demand!)

See JFK

This would be great, but since 2008 we have become completely dependent on MMT, so its now a pipe dream. Would love to see more discussion of the concept.

The short of it


Long

Free banking and bitcoin. Let the free market decide.

Do we pay fees/interest to the FR?

1. Yes.
2. Use the US dollar again. A US dollar hasn't been printed since 1971.
3. Supply a US dollar for Federal reserve Note.
4. All debt is legally payable by fed note.
5. Reintroduction of US dollar devalues fed note.
6. Fed notes become incredibly cheap
7. People pay off debt easily.
8. Debt Jubilee
9. US dollar backed by gold and bitcoin.
10. United States Golden age

Thoughts and prayers to all those who own $20 Trillion+ in Federal debt if/when this happens.

What we had up to 1957...



Then, the Fed changed it to this with no silver backing...



But JFK wanted Treasury issued notes and eliminated FR notes...



...which lasted just one year, the year he got assassinated, and we went back to FR notes.

FR dangerous MF's

The Iron Bank always wins