Because we need to do something about our failing financial system. If we do not fix the problem now it will be to late. Lets start by showing the federal government that we the people have a say in what happens to the US dollar.
I want to get a petition with 5 million signatures to show the power structure that "WE THE PEOPLE" have the last word.
This petition will be delivered to the President of the United State and every elected polititian to show them that something needs to be done and if they won't address the problem we will vote in someone that will.
Some people think of the Federal Reserve Banks as a United States Government institution. They are not instead they are private monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Federal Reserve Act was passed while everyone else was home for the holidays on December 23rd 1913 by a unanimous vote by THREE senators. Federal Reserve Act.
Ron Paul, a leading proponent for "Ending the Fed" has put forward legislation to legalize competing currencies, which he believes is the first step toward breaking the monopolistic control over currency by the Fed. As with most of Paul's legislation, it is undoing laws instead of writing them. The Free Competition in Currency Act (HR 1098) will essentially do three things:
repeal legal tender laws to remove the monopoly control of the Federal Reserve
legalize private mints to issue coins to be controlled by anti-fraud and anti-counterfeit laws
remove taxes from precious metal coins to ensure fair competition among new currencies
Below Paul introduces the bill and explains its importance on the House floor in 2009
http://youtu.be/8wz7jV1fsGI
Resources: http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_fed33.htm