The Orderly Removal and Replacement of the Federal Reserve Bank: Study released by America’s Super Pac, Elect A New Congress.com

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Released in response to perpetual QE III by the Federal Reserve Bank’s, “all in” monetary policy, Elect A New Congress believes it is time to examine an orderly review of the key elements to removing and replacing the Federal Reserve Bank.

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Out of the nearly $1.5 trillion dollars the FED intends to inject over the next 12 months, at least $200 to $650 billion of those dollars will be handed over to the 2B2Fails and their affiliates, and the America people will get handed the bill again.

“Quantitative Easing III to Infinite is not designed to create jobs, but to provide another bail out to the Two Big To Fail (2B2F) Banks, who are in desperate need of another transfusion in order to maintain the illusion of solvency to the markets and the world,” author of the study, Wm W. Fawell explained. “Out of the nearly $1.5 trillion dollars the FED intends to inject over the next 12 months, at least $200 to $650 billion of those dollars will be handed over to the 2B2Fails and their affiliates, and the America people will get handed the bill again.”

The study lays out the terms and conditions required for the seamless and non-disruptive replacement of the Federal Reserve Bank, which when executed, would be attained in a timely and secure procedure. This would allow the bankrupt Federal Reserve Bank to close its doors at 4:30 PM (est) on Friday, and reopening the doors as an American Reserve Bank (ARB), the following Monday, at 8 AM (est).

Key features of the FED’s removal and replacement are as follows:

  • The new American Reserve Bank (ARB) would be publicly owned and traded, with 2/5ths of its stock being held in perpetuity by the United States Congress.
  • The mission statement of the new ARB would be simply to enforce solvency and provide lender of last resort services to all the banks and similar institutions, that would be regulated by the ARB. The ARB would be modeled on the Suffolk Bank of New England (1816 to 1861). Investment banks would not be covered by the ARB, and would take sole responsibility for their risks.
  • A classical gold standard would be committed to and phased in over the course of 4 to 5 years. The sole purpose of a classical gold standard, in stark difference to a “phony gold standard”, is to direct the regulation of credit to the market forces of the quantitative market force of the American public. Contrary to popular deceptions, this does not require Americans to carry gold coins. Technically and functionally, the only change American’s will notice are the words on the paper dollars in their pockets, which will now say “American Reserve Gold Certificate”, instead of “Federal Reserve Bank Note”.
  • These 3 points create the stability of a tripod, as each one compliments the strengths of both the others, replicating in the New England Suffolk Bank the most stable and profitable monetary system to ever operate in North America. While thousands upon thousands of banks went bankrupt between 1816 and 1858, the Suffolk banking system saw less then 20, as America careened from feast to famine and war.

“This conversion will begin the complete restoration of wealth and prosperity to all Americans in the first 180 days of operation, growing noticeably every day,” shared Wm W. Fawell. “This QE III to Infinite by Ben Bernanke, is the beginning of the end for the dollar, a white flag of surrender. It merely institutionalizes the Great Depressions grip on America.”

“Once you look past the deceptions of the Bureau of Labor Statistics and the Federal Reserve Bank, America has already gone over the fiscal cliff. This is end result of the 100 years of a Mengela like experiment on the American people that has accelerated noticeably the last 25 years. Its continuation is going to leave America in this monetary depression that we are told isn’t there, widening everyday, the gulf growing between have’s and have not’s, as the nation is left to wander in an age of darkness.”

The complete study is available at http://www.electanewcongress.com, at the directed URL http://electanewcongress.com/category/blog/
Serfs Up America!

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Bill Fawell
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