Published using Google Docs
Demand for Answers about the Fed
Updated automatically every 5 minutes

Demand for Answers about the Fed

April 2018

"Nothing distinguishes more clearly conditions in a free country from those of a country under arbitrary government than the observance in the former of the great principles known as the Rule of Law." ― The Road to Serfdom, Chapter 6: Planning and the Rule of Law, 1944, FA Hayek

Liberty through Vigilance are constituted in the Rule of Law

The Rise of Financial Despotism

Charges against the Fed

Damages done by the Fed

Demand for Answers about the Fed

56 First Signers

Liberty through Vigilance are constituted in the Rule of Law

If eternal vigilance is the price for liberty [Thomas Jefferson], it is only proper to ask

The American Republic’s current mandate for liberty through vigilance must be found in a joint and consistent rendering [in terms of both human rights and political actions] of the Declaration of Independence and the Constitution of the United States.

The Declaration sets forth the unalienable human rights which the people of any republic are individually and collectively entitled to defend and responsible to preserve through civic actions which are prudently grounded in patient sufferance. And they must be morally prepared to assume increasingly confrontational procedural forms culminating, if necessary, in the throwing off of any form of government which evinces a design to reduce them under absolute despotism and reconstituting a new form of government in its place. The Declaration clearly states that the substantive threshold of danger to a republic from its government is to be recognized and then publicly declared as a “long train of abuses and usurpations” which effectively and consistently replaces the rule of law with rule by despots.

The Constitution sets forth certain enduring but amendable procedural forms, based on the community-information [ie. communication] technologies of its day, for how the people of the American Republic would institutionally establish and maintain the various aspects of their common wealth according to the rule of law. However, the Constitution did not [and could not be expected to] make provision for every form of public vigilance [eg. civil disobedience] which might become necessary to address a government which, while pledging allegiance to said Constitution, nevertheless proved itself a persistent threat to the people’s civil rights and to the republic’s common wealth.

The Rise of Financial Despotism

The Federal Reserve of the United States [the Fed] has for a considerable period of time been operating arbitrarily as a financial despot outside the rule of any law due to multiple, persistent and unconstitutional delegations of power and failures in vigilance by the Congress, the President and the Judiciary as the three separate branches of government under the Constitution. Said delegations and failures and the clear and persistent pattern of financial despotism resulting therefrom are subverting the civil rights of the American people and damaging the Republic’s common wealth.

Let the following facts be submitted to a candid world.

Charges against the Fed

  1. There are serious grounds for striking down the entire Federal Reserve Act [the Act] and related laws as the unconstitutional delegation of power over a vital aspect of the common wealth which was explicitly reserved and thus intended to be exercised by the Congress alone.
  2. However, even assuming the Act and related laws are a constitutional delegation by Congress to an independent non-governmental body of its power and responsibility to regulate the Republic’s currency, the Act’s own Section 2A [12 U.S. Code Section 225a] - "Maintenance of long run growth of monetary and credit aggregates" - sets forth a charter consisting of a single standard for monetary growth and a triple mandate for the economic results thereof by requiring that "[t]he Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall

However, the Fed has been unable and/or unwilling to adhere to this charter which has not been legislatively revoked or judicially found to have been superseded by other law. Instead the Fed ignores its charter and despotically pursues increasingly deviant policies [publicly stated or not] which redefine, alter and/or simply ignore the clear, lawful standard and mandate set forth in the charter.

  1. Furthermore, the Fed's potentially unconstitutional formation and allegedly illegal actions in violation of its charter have taken place with the full and persistent complicity of the Congress and the President and with judicial impunity granted to the Fed under the doctrine of sovereign immunity making it politically impossible for the people to address the Fed’s financial despotism using any existing form of self-governance under the Constitution. As partial evidence hereof, we submit
  1. the public record of Robert W. Love, pro se (Plaintiff ) v. The Federal Reserve Board of Governors, (c/o Janet L. Yellen, Chairwoman ) (Defendant), in the United States District Court For The District Of Kansas, Case 6:15-cv-1077 as well as
  2. the repeated failures by Congress to pass the Federal Reserve Transparency Act which has been overwhelmingly supported by public opinion for years.

Damages done by the Fed

The following damages [as well as others not listed] to the American Republic can be argued as partially or wholly resulting from and/or exacerbated by the Fed's persistent alleged violations of the Constitution and/or its charter under the Act.

  1. The unjust and centralized distribution of income and allocation of wealth among current and former laborers, capitalists, bankers and other participants in the greater economy.
  2. The increasing loss of economic mobility [both up and down] based solely on the presence or absence of individual initiative, ability, accomplishment and contribution to the economy.
  3. The de facto usurpation of the economic and political role and power of the middle class which are derived from its unique ability to save and its corresponding right to lend its savings, directly or indirectly, to private and public as well as domestic and foreign entities which wish and/or need to borrow to fund capital investments or fiscal deficits.
  4. The subsidization of the cost of capital which can be substituted for and thus always competes with labor and which therefore has the long term effect of artificially and systematically suppressing labor's employment and wage levels below what would otherwise be the equilibrium levels in a free economy where the cost of capital in the form of interest rates was not subsidized by the extension and maintenance of fiat credit.
  5. The funding of endless wars and the myriad humanitarian and environmental crises which always attend and extend the facilitation of violence on any scale.

Demand for Answers about the Fed

These charges and damages [and any others that arise during the convention herein proposed] need to be thoroughly and publicly reviewed, evaluated and reported on by a Joint Convention to Examine the Fed [JCEF] consisting of the following:

The full record of evidence and findings of JCEF as well as a broad range of remedial actions and their possible consequences [both short and long term] must then be presented to the citizens of the Republic in a format that is both comprehensible and readily available for the formation of an informed public opinion on how to restore the control of our national currency to the rule of law.

56 First Signers

The only thing necessary for the triumph of evil is for good men to do nothing. ― Edmund Burke

In the spirit of the American Republic’s mandate for liberty through vigilance explained above, this Demand for Answers about the Fed shall be published nationally and persistently from the time when the number of First Signers unequivocally reaches 56 until the requested JCEF has been convened.

This Demand is hereby concluded.