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My End the FED speech last semester

I am an electrical engineering student at VCU in Richmond Va. I had to take a public speaking course and we were assigned to give and informative, persuasive, and commemorative speech. Im 28 and as such a good couple years older than most of the other students in my class. I took advantage of this to try and spread some ideas and philosophies that I was most assuredly not thinking about when I was their age but wish I had been and hoped those younger than me would start thinking about, especially for the times we are living in. For my informative speech I, of course, informed on Ron Paul. People liked it.

For the persuasive speech, I asked the class if I should do the 9/11 was an inside job speech or an end the fed speech. They seemed to like the 9/11 idea however it was only to be seven minutes long max and to get the necessary points across I needed to show video and more time than seven minutes. So I did the the end the FED speech. Told them how their money was fiat and lost over 95% of its value since 1913 and how the federal reserve promotes economic slavery... I think that one got them. It was interesting though because a girl in the class had heard I was going to do the 9/11 speech and right before my speech, she gave her 9/11 was an inside job speech, than it was my speech, and the next was a speech about how the war on drugs is bullshit. Pretty good day. Here's my speech, I've already given it but tell me what you think.

I'm pretty sure my speech as well as my interjections on other topics in the class woke people up. Here it is.

I’m pretty sure most of us in the world and especially those of us living around VCU recently can spot a robbery when we see one, but robbery isn’t always as blatantly forceful as those that we might be able to relate to. The robbery I’m talking about is done everyday in the name of the powers of the Federal Reserve. We all understand the concept of money, and why some would rob and injure for it. But how many of us really think about where it comes from, and how it’s made, other than the outta paper. Today after a brief conceptualization of what money is I intend to persuade you to take action towards ending the Federal Reserve system, which I believe will be easy once you have heard my points on the FED being privately owned, how the FED system is a prime reason America stays in perpetual debt, and how it affects you.
While it is true today’s money is made out of paper, when we think back on the things we’ve learned about life through ages of history, what was it that was primarily used as money or at least something to back up the claim of a promissory note? That’s right gold. Why? Because people, through the ages, considered it of value or money, and I’m sure many of us here today to some extent still do. Well the man who does the primary speaking for the Federal Reserve, the chairman, doesn’t believe that gold is money (Campaign for Liberty). So in effect the Federal Reserve doesn’t believe gold is money? This is a problem. This is a problem because gold is money. Money that cannot be made out of thin air and so is guarded against manipulation. However paper bills can create money out of thin air. It takes about 1800 Federal Reserve bills to buy an ounce of gold. So the real crime here is that the Federal Reserve has figured out how to make worthless paper bills as good as gold. Why? Because through legal tender laws they have control of the creation of the only legal tender in America, The Federal Reserve note, or dollar. Which was backed by gold as recently as 1971. Today its not backed by gold or anything really to speak of and as Thomas Jefferson once said “Paper is poverty... it is only the ghost of money and not money itself“(Murdock). But its okay this is a governmental body right? Our elected officials in government have got to be constantly watching out for the American Dollar the thing many of us base our future ideas on, right? Wrong the Federal Reserve the entity that prints American currency is a private for profit business and not a governmental non-profit body looking out for the good of American people.

That’s right the Federal Reserve is no more federal than Federal Express. The Federal Reserve is a privately held bank. That operates as all private businesses do, to make profits for its shareholders. That alone is the objective of business as I’ve learned in the couple of business classes I have taken for my business minor. What’s very unique about the Federal Reserve is we, the American people, have no idea who the shareholders (those that provided the upstart money) are. No one really does. We are not allowed to know. And up until recently there was no audit of the Federal Reserve and no one was looking in to its secret dealings. The first partial audit of the FED found that over $16 trillion was allocated to corporations and banks internationally, for “financial assistance” during and after the 2008 fiscal crisis. These bailouts and dealings with foreign companies was a secret until the push for an audit and as JFK has stated in a famous speech “The very word secret is repugnant in a free society”. So these individuals hold the key to the printing of American dollars and we are unaware of whose interests it truly serves, as it is held a secret, and there is the real possibility, and plausibility that some of these investors may not have any allegiance to America or American ideals of freedom and liberty. Economics and the Federal Reserve is a big subject with lots of technical terms to make it sound boring and difficult to understand. This is to throw us off. I can explain it to you in very simple terms hopefully within the next thirty seconds.

The Federal Reserve prints your nation’s currency and lends it to your government and other banks with interest. The important thing is the interest. So in actuality every dollar is a notice of debt that has interest attached to it. So just what would it take to pay the debt owed to the Federal Reserve? Well it would take every dollar out of your pocket and your pocket and my pocket, everybody’s respective pocket. America would have to collect every Federal Reserve note in existence and give it back to the Fed. Yay were debt free right? No that was only the principle. The Federal Reserve would say good job America you paid the principle, now where’s my interest. But America doesn’t have any more Federal Reserve notes to give up, and remember it’s the only legal tender we operate under and they are the only ones allowed to print it. So we would have to ask the almighty Federal Reserve if we could take out another loan to pay off the interest of the previous loan. This would be a cyclical thing keeping us in never ending debt. Can you see how this is a pyramid scheme to make those that bought in rich and keep the rest of us in economic shackles. Yes the Federal Reserve promotes economical slavery. There is no way to get America out of debt under this system. I hope that you really let that sink in.

So how does it affect you personally? Let’s remember one basic tenant of economics I think we can all agree upon. The more of something that’s on the market, the less it’s worth, right? This holds true even with paper money. Right now the Federal Reserve is instituting another round of Quantitative Easing this time it’s QE3. Like I said they have funny was of making things sound technical. All Quantitative Easing means is the FED is going to print more money, based on nothing, and loan it to your government and your banks with interest and hopefully somehow through the channels of commerce it will make the people’s lives better. QE3 specifically states that they are going to buy up mortgage-based securities at the tune of 80 billion a month thru January and then at a pace of 40 billion a month till the economy is fixed. So the banks that are holding these mortgages, some of which are sub-prime, will receive money made out of thin air. Nothing backs the dollar. So as more money is injected into the economy through these superficial means the less and less the dollar will be worth. It’s not the price of gas going up… it’s the value of your dollar fluctuating and over the long run going down. Because they are debasing the currency backing it up with nothing. So every dollar that is printed is worth less than the previous one and in effect is making the dollars we hold worth less and by it’s very nature stealing money out of your pocket. In fact since the FED took over the handling of our currency in 1913 the dollar has lost over 95% of its value. That’s 95% of your purchasing power.

So how do we end this system? We could end the monopoly on our money and change legal tender laws to allow other entities to create money and allow for competition and through competition diminish the power of the Federal Reserve. This was attempted by the man I consider the last great president of the United States. That man was JFK he signed into law executive order 11110 in 1963. Which allowed the treasury to print bills that were backed by silver and compete with the Federal Reserve. However he was assassinated about six months later, by a magic bullet, and his successor Lyndon B Johnson voided this E.O. shortly after taking office. So the cards are stacked against those of us who would like to stop the insanity that is the Federal Reserve. But always remember it is the people who have the power. All it would take is an act of congress forced upon those in office by their constituents, that’s us, to allow the treasury to once again have the power to print sovereign U.S. money. And don’t doubt that a small group of dedicating like-minded individuals can change the world… because it is in fact the only thing that ever has. We must stand against the credit lords against the 1% and for the 99%.

I’d like to finish by urging all you to research my claims of the Federal Reserve being a pyramid scheme and virtually stealing money out of our pockets to benefit private investors. Don’t take my word for it. Do your own research I fully believe you will stand on the side of ending the FED once you learn for yourself the tremendous insanity of this monetary policy in a supposedly free country.
Because if we don’t end it a terribly thing that Thomas Jefferson predicted may come true. And in fact somewhat already has as we experienced the popping of the housing bubble over the past few years. I’ll leave you with this quote by good ole Tommy J” If the American people ever allow the banks to control the issuance of their currency, first by inflation, and then deflation, the banks and corporations that grow up around them will deprive the people of all property, until their children grow up homeless on the continent their fathers conquered.”

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Great Speech!

Though I must say, I truly hope that Jefferson quote at the end wasn't in it, as it's a fake. It'd only serve to discredit the rest of your fine research.

-Frederic Bastiat