Welcome to the Precious Metals Bug Forums
Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
End the Fed…and Replace It with What?
Rep. Thomas Massie’s bill, the Federal Reserve Board Abolition Act (HR 8421), directs the Fed to transfer its assets to the U.S. Treasury Department and thereafter cease operations.
goldseek.com
That's why I prefer a more practical solution:
www.pmbug.com
Gold As Unpegged Legal Tender
Gold As Unpegged Legal Tender We need to level the currency playing field to enforce a practical, market based boundary on irresponsible monetary and fiscal policy. Poor System Design Our Founding Fathers understood the problems with fiat money and monetary debasement. They attempted to...
Sen. Mike Lee introduces companion bill in the Senate:
www.lee.senate.gov
Breaking the Bank: Sen. Lee Introduces Bill to Abolish the Federal Reserve
WASHINGTON – Senator Mike Lee (R-UT) introduced the Federal Reserve Board Abolition Act, legislation that would dissolve the Board of Governors of the Federal Reserve System and the Federal Reserve banks and repeal the 1913 Federal Reserve Act, which established the System. Representative Thomas...
www.lee.senate.gov
* bump *
Thomas Massie reintroduced the End the Fed bill back in May.
Thomas Massie endorsed Trump:
Back in January (when he was in the primary campaign) Vivek Ramaswamy talked a good game on neutering the Fed.
JD Vance now says he's coming around on the Fed:
RFK Jr. says Trump is privately funding his transition team has already started 3 months early with no corporate lobbyists. He claims Trump learned his lesson about appointing swamp creatures last time around and won't be repeating that mistake - he's serious about draining the swamp this time.
Is the transition team realizing that the Fed is the fountain that feeds the swamp? Is Massie's endorsement for Trump a potential sign of quid pro quo support for the End the Fed bill?
Will Trump try re-appointing Judy Shelton to the Fed board again?
Thomas Massie reintroduced the End the Fed bill back in May.
Thomas Massie endorsed Trump:
Back in January (when he was in the primary campaign) Vivek Ramaswamy talked a good game on neutering the Fed.
JD Vance now says he's coming around on the Fed:
RFK Jr. says Trump is privately funding his transition team has already started 3 months early with no corporate lobbyists. He claims Trump learned his lesson about appointing swamp creatures last time around and won't be repeating that mistake - he's serious about draining the swamp this time.
Is the transition team realizing that the Fed is the fountain that feeds the swamp? Is Massie's endorsement for Trump a potential sign of quid pro quo support for the End the Fed bill?
Will Trump try re-appointing Judy Shelton to the Fed board again?
Is the U.S. economy on the brink? The Fed is 'illegal' & there are 'cracks in the empire,' gold price to quadruple if this happens, says Ron Paul
The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
www.kitco.com
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
Roadmap to Ending the Fed, 'It Can Be Done' Says Ron Paul
Dec 27, 2024 Commodity CultureRon Paul has been a staunch advocate of sound money, fiscal responsibility, and putting an end to the Federal Reserve banking system for his whole political career, and he lays out a roadmap for how to put an end to the Fed, once and for all. Dr. Paul also gives his take on DOGE and its chances of success, the possibility of America returning to a gold standard, and much more.
30:03
I love Ron, but listening to him struggle to express his thoughts in that video shows that age is getting the better of him these days. Fortunately, we have an immense record of his his speeches, thoughts and writings and they really haven't changed much over the years.
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
ALERT! Elon Musk May Have Ron Paul AUDIT The Federal Reserve! This Is HUGE!
Feb 9, 2025 #silver #gold #preciousmetals11:10
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
Title is a bit misleading. So far "auditing the Fed" is just talk. Mario knows this and says so in his opening remarks. Interesting stuff. Nothing to see, can listen in one tab, play around the forum in a different tab.
20:21
DOGE and Ron Paul to Audit the Federal Reserve. Congress Should Abolish It too.
Feb 10, 2025 #money #dollar #government20:21
End The Fed.pdf (PDFy mirror) : Free Download, Borrow, and Streaming : Internet Archive
This public document was automatically mirrored from PDFy.Original filename: End The Fed.pdf URL: https://pdf.yt/d/WHvRY_W83YNPF7Tv Upload date: October 01,...
archive.org
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
Related. Nothing to see. Can listen in one tab, play around the forum in a different tab.
21:45
America Is on the Cusp of a Second Bank War.
Feb 13, 2025 #money #government #bank21:45
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
The Federal Reserve Killed the Penny. Is MAGA Next?
President Trump recently issued an executive order instructing the US Mint to stop producing pennies. The reason for this is it costs nearly four cents to produce one penny.
goldseek.com
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
A bit different but related. Interesting interview with GE Griffin.
Interview recorded - 23rd of April, 2025
On this episode of the WTFinance podcast I have the pleasure of welcoming on G.Edward Griffin. G.Edward is the author of the “Creature from Jekyll Island”.
During our conversation we spoke about the creation of the FED, the goals of the Federal Reserve, concentration of wealth, their true purpose and more. I hope you enjoy!
Central Banks Driving the World into Crisis with G. Edward Griffin
May 2, 2025 MacroeconomicsInterview recorded - 23rd of April, 2025
On this episode of the WTFinance podcast I have the pleasure of welcoming on G.Edward Griffin. G.Edward is the author of the “Creature from Jekyll Island”.
During our conversation we spoke about the creation of the FED, the goals of the Federal Reserve, concentration of wealth, their true purpose and more. I hope you enjoy!
Central Banks Driving the World into Crisis with G. Edward Griffin
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
Somewhat related. Really nothing to see. IMO your best bet is to listen in one tab, play around the forum in a different tab.
U.S. treasury debt data: https://fiscaldata.treasury.gov/datas...
U.S. treasury debt data: https://fiscaldata.treasury.gov/datas...
- Messages
- 34,139
- Reaction score
- 5,796
- Points
- 288
Reconstructing the Fed
The Fed isn’t society’s only stuck-in-the-mud institution, of course. It is a long list that includes many universities, churches, media organizations, think tanks, political parties and others. Neil Howe describes the currently unfolding Fourth Turning as a time when all these institutions have...
goldseek.com
Men in Hell should have ice water.
Somehow it ain't happening.
Casey needs to either provide a practical path to this - which I don't see - or else limit himself to elaborating WHERE this mincing-march off the cliff is going to take us.
He can't ORDER pols to end-the-Fed. Any more than he could order Ron Paul in; any more than Ron Paul could order Congress to abolish the Fed.
PERSUASION is the key. And there are two MASSIVE obstacles: First, compleat economic and historical ignorance. Tied to that is, What-If-ism...above, someone remarked, he wouldn't trust Congress with the money.
I used to be in that camp. No longer. For one thing, the Constitution decrees that ONLY GOLD AND SILVER shall be money. The FRB gets around that, in that what it issues is (or was, at first) technically, private scrip. Sight drafts, payable to any bearer without question. Something that was common 150 years ago, when moving actual money was a problem.
Second obstacle is, WAY too many sheeple - as well as high-up cronies - are on the public teat. Look at the hue and cry that SNAP wasn't getting funded for a few weeks. All that is...MUST BE...paid for with DEFICIT SPENDING. DEBT.
Yes, I understand that fiat and currency debasement PUT them on the welfare rolls. Do they? CAN they. Not without DECADES of education - which will have to come through TikTok and the boob toob, to get to them.
You think the Woke meⒹiuh mavens are going to do this? Going to even ALLOW such DISCUSSION on their indoctrination conduits? You'll see blizzards in Hell, first.
This, Casey's dreaming, is the tiresome crap that's standard with these "anarcho-capitalist" bull-session artists.
It's actually quite simple. Remove legal tender restrictions and capital gains taxes on gold and silver.
Well...again. Somebody has to DO this.
Someone in the legislature. Someone with a majority who will support it, or vote for it.
That isn't there; and won't be there, so long as the Money-Printing Party continues apace.
It's not happening at the Federal level for sure. But the Sound Money Defense League et al have been doing some heavy lifting getting individual States to lay the groundwork for it. Baby steps are frustratingly slow, but a quick resolution is not likely without some cult of personality movement and those are dangerous as I'm sure you know.
Baby-steps, true. We see this with a rise in interest (can't yet call it "mainstreaming") of personal ownership of physical PMs.
All the trends, pressures, are being built. I don't see them attacking the inherent Very-Rich/Very-Poor coalition for free, unlimited creation of fiat; but progress is progress.
Do you see it happening anywhere near as quickly as the now-inevitable monetary collapse? I don't.
And repeal the Emergency Banking Act.
As much as I was an advocate to abolish the Federal Reserve, it was predicated on the ongoing existence of the republic (or reversion to it). However with the real time self destruction of the US on several fronts, ending the Fed won't even be necessary as it is one of those decaying fronts. They have so much toxic sludge on their books, no amount of shenanigans will be able to resolve the inevitable shitshow.
- Messages
- 18,189
- Reaction score
- 10,964
- Points
- 288
The Hidden Hand: How the Rothschild and Rockefeller Families Gained Dominance Over America’s Money Supply Through the Federal Reserve
A century ago, the United States surrendered control of its currency to a small circle of private banking interests led by the Rothschild and Rockefeller dynasties. On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act into law, transferring the power to create money and set interest rates from the American people and their elected representatives to a network of banks dominated by these two families and their allies. What followed was a century of debt, inflation, and financial crises that enriched a narrow elite while steadily eroding the wealth of ordinary citizens.
The groundwork was laid in the years leading up to 1913. European banking houses, led by the Rothschilds, had already established themselves as the dominant force in international finance, lending to governments and controlling vast gold reserves. In the United States, John D. Rockefeller’s Standard Oil fortune and his control of Chase Bank gave the family parallel influence over domestic industry and banking. By the early 1900s, these two power centers had formed a working partnership that spanned continents.
The turning point came after the Panic of 1907. The crisis exposed the fragility of America’s banking system, but it also created the political opening the banking interests needed. In 1910, a small group of men met in complete secrecy on Jekyll Island, Georgia, to draft legislation that would centralize control of the nation’s money. The attendees included Senator Nelson Aldrich (whose daughter married John D. Rockefeller Jr.), Paul Warburg of Kuhn, Loeb & Co. (the American arm of Rothschild banking interests), and representatives of J.P. Morgan and Rockefeller-controlled banks. The plan they produced—initially called the Aldrich Plan—was rewritten and rebranded as the Federal Reserve Act to make it politically palatable.
The new system was sold to the public as a way to prevent bank runs and stabilize the economy. In reality, it gave a handful of private banks the exclusive right to create money as debt, lend it to the government at interest, and profit from every dollar in circulation. From the moment the Federal Reserve opened its doors in 1914, the United States began paying a permanent tribute—in the form of interest—to the banking houses that own and control the system.
The results speak for themselves. In 1913, the dollar was backed by gold and the national debt stood at roughly $1 billion. Today, the dollar has lost more than 97% of its purchasing power, and the national debt exceeds $36 trillion. Every dollar of that debt represents interest flowing to the banks that dominate the Federal Reserve’s ownership structure—banks that have been tied for generations to the Rothschild and Rockefeller fortunes.
The Fed’s policies have repeatedly favored large financial institutions over the broader population. Credit expansions in the 1920s fueled speculative bubbles that collapsed into the Great Depression, allowing major banks to acquire distressed assets at fire-sale prices. Similar patterns repeated in the savings-and-loan crisis, the dot-com bust, and the 2008 financial meltdown—each time concentrating more wealth and power in fewer hands.
Meanwhile, the Rockefeller family used its influence to shape education, medicine, and foreign policy through tax-exempt foundations, while the Rothschild interests maintained leverage over global commodity markets and central banks in Europe and beyond. Together, they have benefited from a monetary system that rewards debt creation and punishes savers through perpetual inflation.
A growing number of Americans now recognize that the Federal Reserve is not a government agency in any meaningful sense—it is a private cartel with a government-granted monopoly. Returning the power to issue money to Congress, as required by Article I, Section 8 of the Constitution, would end the silent transfer of wealth from citizens to banking elites. Replacing fiat currency with sound money—whether gold, silver, or decentralized digital assets—would break the cycle of debt and inflation that has defined the Fed era.
The Federal Reserve was not created to serve the American people. It was created to serve the interests of the families that designed it. Until it is abolished, the United States will remain financially tethered to the same private banking dynasties that seized control of its money more than a hundred years ago.
End the Fed.
I don't like the tendency to PERSONALIZE social toxicidy. It's enough to me that the FRB is there; is working outside its mandate, that of the lender of LAST resort and an expediter of movement of money.
It didn't work; and doesn't work because the people controlling it don't want it to work. So, just for the open evidence...SHUT it DOWN.
Making this into some sort of drama against the Jooz, or the Bilderbergers, or the Rothschilds or anyone else...even, say, Buffet, if he's involved...it's pointless.
The institution has failed; and the big reason it failed is, it lacked checks in power and depended on the morality of the people running it. That morality is completely absent in our modern, godless, Situational-Ethics Liberalized society.
It didn't work; and doesn't work because the people controlling it don't want it to work. So, just for the open evidence...SHUT it DOWN.
Making this into some sort of drama against the Jooz, or the Bilderbergers, or the Rothschilds or anyone else...even, say, Buffet, if he's involved...it's pointless.
The institution has failed; and the big reason it failed is, it lacked checks in power and depended on the morality of the people running it. That morality is completely absent in our modern, godless, Situational-Ethics Liberalized society.