Why Did Congress Really Want to End The Penny?
Over the summer I found it odd that with all the misgivings occuring, our government was spending time on how to get rid of the penny. It sounded benign enough but being hip to this cabal for the past 6 years one knows there's always more behind curtain. Well, well, well. In typical "family values" crowd fashion, there is a malignant tumor residing right underneath the penny distraction. It turns out the bill proposed to eliminate the penny is more sinister then I thought:
...let’s look at what this bill is really all about. It is about providing the Federal Reserve with even more power by transferring two important institutions from control of the U.S. Treasury to control of the Federal Reserve. Section 8 of this bill transfers the United States Mint and the Bureau of Engraving and Printing from control of the U.S. Treasury to control of the Federal Reserve Board. I can’t begin to even describe how terrible I think this is. These are the two government institutions that are responsible for creating and printing the actual money. The U.S. Mint makes all coinage for this country and the Bureau of Engraving and Printing prints Federal Reserve Notes, U.S. passports, Treasury securities and other security documents. With these two institutions under the direct operational control of the Federal Reserve Board, the Federal Reserve has even greater control over the entire U.S. monetary system. The Federal Reserve is a private banking cartel and is not accountable to the people. They hold a couple of dog and pony shows each year with the Federal Reserve Chairman testifying in front of Congress to make the people think that the Federal Reserve is accountable to them. The Federal Reserve however is not accountable to anyone in the government and they do whatever they want. The Federal Reserve Chairman is actually nominated by the President from a list of candidates prepared in advance by the banking cartel themselves. The whole approval process is nothing more than staged theatrics to make the American public buy into all of this craziness. If the Federal Reserve Chairman were actually accountable to the people, why isn’t the Federal Reserve Chairman a cabinet level position that reports directly to the President? This very reason is why all powers of monetary creation should rest with the U.S. Treasury.