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Abolish the Federal Reserve

Created by A.P. on January 31, 2014

This is a call of action for Congress and the Obama administration to abolish the Federal Reserve on the grounds that:

1. The Federal Reserve is a privately owned business that authorizes the printing and circulation of American money. According to Article 1 and Section 8 of the Constitution, only Congress should have the power to coin and regulate our money. What the Federal Reserve is doing is unconstitutional.

2. The Federal Reserve charges our government interest on our own money. This is perpetuating and increasing a national debt that will never be repaid.

3. The U.S. deficit is over $17 trillion. This means that each citizens' share is about $54,000 and therefore, we deserve to have a say on how to tackle the national debt. The first step is to abolish the Federal Reserve.

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