Show the feds — take bank holiday

Tue, 05/27/2008 - 3:50pm
By: Letters to the ...

June 5th, 1933 — The United States abandoned the gold standard; 75 years later, this June 5, 2008, we the people of the United States declare a state of emergency, and instate a 10-day bank holiday.

We the people, in concert, do acknowledge a financial state of emergency exists, due to the reckless behavior of the Federal Reserve System, its chairman, and board of governors, and do declare Federal Reserve notes of no consequential value, and have therefore decided to withdraw all federal reserve debt notes from the banking system for a term of no less than 10 days.

The 10th day is the 172nd anniversary of the repealing of the charter of the Bank of the United States by the 24th Congress.

This bank holiday is intended to reduce the rapid inflation of the Federal Reserve note by reducing the ability of the banks to borrow against holdings by a factor of nine.

Gas, food, energy prices, and cost of living are directly related to the inflation caused by the Federal Reserve.

When the Fed bails out Wall Street over and over again, dumping billions of debt notes into the market, those notes eventually make their way into circulation. When they are eventually deposited, the local banks can loan out nine times the actual deposit, then charge interest on the loan.

The U.S. dollar is destroyed, buying power evaporates, and prices go up. The banks win and the American people suffer. You suffer.

Then they try to pay you off with a $600 “stimulus package” check. This only injects more money into the system, causing more inflation. Take that check and buy silver or gold.

This bank holiday is also intended to send a message to our representative Congress that we demand the repealing of the Federal Reserve Act of 1913 and demand lawful money issued by the U.S. Treasury to replace it.

All Americans participating in this 10-day bank holiday are encouraged, not required, to withhold their Federal Reserve debt notes outside of banking institutions for as long as possible.

Please note: Banks have limits on cash withdrawals per day to prevent rapid depletion of their cash reserves. Stagger your withdrawals to achieve desired balances.

Also note: in cases where minimum balances must be maintained, participants, as free and independent individuals, must decide to either close your account or maintain such balances to avoid penalties.

We can no longer trust our representatives to act in our favor. This message must resonate in the halls of power. The halls of power are within the walls of your home. Act privately and spread this action to every American.

Download, print, and post the public notice at \thisjune5th.com/. You have been chosen to live in the most historic time in American history.

It is time to make history. It is time to cash out. Join us.

Russell Murphy

Fayetteville, Ga.

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Cyclist's picture
Submitted by Cyclist on Tue, 05/27/2008 - 6:45pm.

It was Nixon who, in 1971, finally took us out of the "AU" Standard and withdrew from the Bretton Woods Agreement of 1944 and allowed the dollar to float.
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Submitted by ptcjenn on Tue, 05/27/2008 - 6:21pm.

I understand that the Fed has done awful things to our economy,
but how does causing a run on all the banks help?

Haven't you seen 'It's a Wonderful Life'?

Anyway, look at how few people even vote. Now think of how few of those people would take the time to withdraw all their cash. Nobody would really notice but the guy who has to restock the ATMs. There has to be a better way than this, it seems like a variation on the 'hey gas companies are bad lets all not buy gas on this particular date to send a message' scheme that never works.

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