I have a dream. Well, I had a dream, but maybe it's never coming true, so I'll revel in my real dream.
And what a dream it was...
America had changed overnight. I didn't know what had happened, but everything was different the morning I woke up (while I was, unfortunately, still in my dream).
The sky and atmosphere were different. There was a sense of clarity, of transparency.
I had to walk into town; something told me to go there.
Wait till you see what I found...
People Were Alright in This Fed-Free America
Everywhere I looked, everybody was working and smiling.
I came to a small country street corner. It was a leafy four-way intersection with one old traffic light lazily swaying in the warm breeze.
There was a bank on each of the four corners. None of them had any walls. There were young and old bankers greeting everyone passing by. They knew everybody and everybody knew them.
They were giving away toasters and offering low-interest-rate loans, encouraging people to open new businesses and recommending 1% interest loans to pay off high-interest rate credit card debts.
I could actually see into their glass vaults. There were endless stacks of bundled cash.
And I thought to myself, what a wonderful world... There must not be a Federal Reserve!
Then I woke up for real. I thought, "Why don't we have that life?"
The Federal Reserve was dreamed up anyway. What if the Fed was just a bad dream? What would America look like without the Federal Reserve?
What if we woke up and demanded all the greedy, lying, self-serving Congressmen and women who are in the pockets of the nation's big banks, who are themselves only still here because the Fed bailed all their you-know-whats out in 2008, and did so because the fact is banks set up the Fed to do just that with free money the Fed prints at will, because it can, because in case you don't know, the Federal Reserve "notes" in your wallet (take one out and read what's on the top) aren't government bills, they're notes, which are obligations, issued by the Federal Reserve... which means we all owe them, or they own us...
I got carried away there; I told you this was a really powerful dream.
As I was saying, we need to wake up and demand Congress kill the 1913 law that created the monster better known as the Federal Reserve System.
Wake Up to This Reality
If there was no Federal Reserve, America would be free again.
The Federal Reserve System that came into existence by hook, by crook, and by stealth. The system for which an entire presidential election was bought so the Federal Reserve Act could be signed into law on Christmas Eve of 1913.
The same Fed that then took over creation of America's money supply (which they own) and that de-fanged the U.S. Treasury to the point that it's now the Fed's lackey - it merely prints their Reserve Notes on rolls of special paper.
All this, by the way, is completely laid out in extraordinary depth, documented by undisputed facts in G. Edward Griffin's seminal book, "The Creature from Jekyll Island." Get it, read it, and be afraid.
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I'll say it once more: America would be free again.
Without a Federal Reserve manipulating interest rates, free markets would allocate capital and resources like they're supposed to.
We'd be free of the "command control" economy the Fed directs and gets all wrong.
Big banks wouldn't be freely regulated by the privately owned, de facto fourth pillar of government they created to foster the fantasy of central bank security.
Big banks couldn't freely leverage themselves into insolvency and expect to be bailed out by the country's supposed savior, the real-life Wolf of Wall Street.
And most of the Fed's big bank-backed employees in Congress, meaning most members of Congress, who profess their mock indignation that the Fed isn't doing enough to promote full employment, while they do nothing but line their campaign coffers with the Fed's trickle-down hush money, would be freed by voters who would finally see them for what they are: crony capitalists in Uncle Sam costumes.
And that was my dream. An America without the Federal Reserve System. It was wonderful, wasn't it?
About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.