Over the rainy weekend that just past, hundreds of sound money advocates gathered at the federal reserve building in Philadelphia, Pennsylvania to protest the existence of the extremely secretive federal reserve that was enacted by Congress just a few days before Christmas in 1913.
Along with protesting in front of the federal reserve building, several individuals such as: Ernie Hancock, Adam Kokesh, Larken Rose, Scott Davis, and Darren Wolfe gave short speeches. After the speeches were wrapped up, we began on our marching route that started out on Market Street and ended at Buffalo Billiards on Chestnut Street. During the march, we handed out hundreds if not thousands of fliers while listening to Jordan Page who was playing live music from a float being pulled along the route in the street that was being escorted by the Philadelphia Police Department.
Yesterday we marched on with our continual journey to restore sound money in America. As we do every year, the concerned patriots across the nation gathered and held end the fed rallies. The federal reserve is a private central banking system that is tasked with regulating the flow of cash & credit in the country. How is it that private banks and the federal reserve can create our money and collect interest on it? Nowhere in the U.S. Constitution does it give the authority to a private bank to regulate, control, print & collect interest on our nations currency. Article 1 Section 8 says the following:
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;