5 Min Persuasive Speech: End the FED

[UtahApocalypse]

For the final in my Oral Communication class we have to give a 5 min persuasive speech. I decided to use "End the FED" as my topic. Please give me some concise statements that relate the history, what the FED is, and the troubles that it causes. I need a couple good references of quotes and facts as well. Any help would be great. When I complete the speech I will gladly create a youtube of it as well.

[emazur]

Were there a bureaucrat controlling any other industry (e.g. farming, fishing, furniture making) who did for it what Alan Greenspan does for monetary policy, we would have no difficult in labeling him as an economic czar, a socialist of the worst stripe... He is in effect an economic dictator who widely receives credit as an advocate of free enterprise. He is guilty of the worst excesses of central planning, and is seen by virtually all commentators in the very opposite role
- Dr. Walter Block

Wall Street's self-serving view of the unique role of financial institutions is mirrored in the two agencies that run the American economy -- the Treasury and the Fed. Their job, as they see it, is to keep the financial economy "sound," by which they mean keeping Wall Street's own investors and creditors reasonably happy.
-robert reich, former sec. of labor under clinton

On the meeting at Jekyll Island in 1910 to form the Federal Reserve:
"The results of the conference were entirely confidential. Even the fact there had been a meeting was not permitted to become public. Though eighteen years have gone by, I do not feel free to give a description of this most interesting conference concerning which Senator Aldrich pledged all participants to secrecy"
- The Federal Reserve System, Its Origin and Growth. 1930
Paul Warburg (parter in Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty and brother of Max Warburg who was head of the Warburg banking consortium)

On the meeting at Jekyll Island in 1910 to form the Federal Reserve:
"If it were to be exposed publicly that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress"
- Saturday Evening Post, Feb. 9, 1935
Frank Vanderlip (president of the National City Bank of New York, representing William Rockefeller)

The Federal Reserve is the brainchild of Edward Mandell House, President Wilson's top advisor. He wrote in his own 1912 book, Philip Dru: Administrator, that he was working for "Socialism as dreamed of by Karl Marx." He later founded the Council on Foreign Relations
-Dollars and Sense: Fixing Todays Economy With Sound Practices, John Birch Society

5. Centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly
-The Communist Manifesto

“Whoever controls the volume of money in
any country is absolute master of all
industry and commerce.”
- James A. Garfield

"when government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes...Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."~napoleon bonaparte


History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance - James Madison

"In the United States today, we have in effect two governments. We have the duly constituted government. Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve" -Rep. Wright Patman, 1968, Chairman, House Banking Committee

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1727827020080917?rpc=64&pageNumber=2&virtualBrandChannel=0
Sen. Jim Bunning:
"Once again the Fed has put the taxpayers on the hook for billions of dollars to bail out an institution that put greed ahead of responsibility and used their good name to take risky bets that did not pay off," he said. "The only difference between what the Fed did and what Hugo Chavez is doing in Venezuela is Chavez doesn't put taxpayer dollars at risk when he takes over companies - he just takes them."

Moreover, the agencies have made clear that no bank is too big too
fail, so that bank management, shareholders, and uninsured debt holders understand that they
will not escape the consequences of excessive risk-taking. In short, although vigilance is
necessary, I believe the systemic risk inherent in the banking system is well managed and well
controlled.
-Ben Bernanke, 2005

[TruthisTreason]

For the final in my Oral Communication class we have to give a 5 min persuasive speech. I decided to use "End the FED" as my topic. Please give me some concise statements that relate the history, what the FED is, and the troubles that it causes. I need a couple good references of quotes and facts as well. Any help would be great. When I complete the speech I will gladly create a youtube of it as well.

Here was my "informative" I did a few weeks ago:

http://www.campaignforliberty.com/blog.php?view=13582

Here is the outline:

Christopher Hightower
Informative Outline

Topic: The Federal Reserve

General Purpose: To Inform

Specific Purpose: To inform my audience about the Federal Reserve System,
and their "hidden tax".

Thesis: The Federal Reserve is a government protected monopoly; they are
counterfeiters who rob us through a "hidden tax" by devaluing our money.


I. Introduction

A. Attention Getter: Andrew Jackson, who took down the Central Bank in
the 1820's; had this to say about the cartel: "You are a den of vipers and thieves.
I intend to rout you out, and by the grace of the Eternal God, will rout you out."

B. Reason to Listen: Every single one us use money issued by the Federal Reserve
System, but very few understand it.

C. The Federal Reserve is a government protected monopoly; they are counterfeiters
who rob us through a "hidden tax" by devaluing our money.

D. Credibility Statement:

1. I have been fascinated by the history of money and banking for many years.

2. I'm an Economics Major at WKU

3. I have read many books and articles on the subject.

E. Preview of Main Points:

1. First, I will discuss the monopoly: The Federal Reserve.

2. I will introduce the concept of inflation of the money supply,
and the "hidden tax".

3. Finally, I will discuss how they are counterfeiters.

II. How the Federal Reserve rules and inflates.

A. The Federal Reserve is a monopoly.
1. A government protected private banking cartel with a monopoly.

2. Rules through legal tender laws.

Transition: Now, that we have seen that the money supply is inflating,
let's look at how the Fed through government inflates the money supply.

B. The Fed devalues our money through a "hidden tax".

1. Increased our monetary base by 286% over the past year.

2. Money is not backed by Gold.

Transition: Now, that we see the Fed is massively inflating, let's dig deeper
into how they counterfeit.

C. The Fed are counterfeiters.

1. Finances the Federal debt.

a. According to recovery.gov, roughly 500 billion will have to be
deficit financed.(1)

b. According to Murray Rothbard, in his book The Case Against The Fed,
The Fed purchases Treasuries from the Government.(2)

c. True Money Supply chart from The Ludwig Von Mises Institute. (3)

d. The Fed's holding of Treasuries measured by Cumberland Advisors, Inc.(4)

2. Prints more money.

III. Conclusion

A. Review of Main Points:

1. Today I first discussed how the central bankers have a monopoly on our money.

2. Second, I discussed their inflation tactics.

3. Finally, I discussed how they are mere counterfeiters.

B. Restate Thesis: The Federal Reserve is a government protected monopoly; they are
counterfeiters who rob us through a "hidden tax" by devaluing our money.

C. Closure: In conclusion, we should question the very money The Fed produces,
and its ability to make it worthless. Who will end the third central bank in America?




Sources:
(1). Recovery.gov - Government Website for Stimulus information.
(2). The Case Against The Fed - Murray Rothbard (1994)
(3). The Ludwig Von Mises Institute - chart of True Money Supply
Mises.org
(4). Cumberland Advisors, Inc. - chart of Federal Reserve Holdings of Treasuries.