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Old 02-04-2009, 05:03 PM   #1
silverman
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Join Date: Sep 2008
Location: Switzerland
Posts: 78
Default Dear Mr. President! Abolish the fed, yes you can!

Dear Mr. President Barack Obama!

I am pretty convinced you're not a registered member of the Project Avalon Forum. But I am almost sure, that some of your secret service crew, has an eye on it, at least when somebody writes "president" or "Barack Obama".

I hope, that somebody is intelligent enough to show you the few words I write to you.

First of all I am not a US citizen but Swiss, so if I do some mistakes, please apologize! I used to work in the banking industry for more than 20 years for various big banks, some of them even still exist. But, please continue to read, it only takes you five minutes!

The world, global economies, financial markets are in trouble or even better in very bad shape.

We are still miles away of having reached the bottom and many other people will get into troubles, will loose jobs and their savings. Some might even be afraid about the savings in their pension plans.

You are about to get the next hugh rescue package through congress and I am convinced you'll get it done!

But printing more and more and more money is not the solution and you and your advisors definitely knows this! I have spend quite some time (again) to read history books in particular about the United States of America and the FED.

One very, very and extremely hot topic is the Federal Reserve Bank. And my simple point of view and suggestions is: Go, and abolish the FED and establish a real US Central Bank, which is 100% under the control of the Kongress, some advisors and by yourself!

I agree, this is not an easy task and especially a very dangerous one! But probabely you could arrange a meeting with the powerful people behind the FEd and find a solution which fits for everyone.

Of course you would have to tell them, that in the future United States of America will spend less for wars but there are so many other things you could invest into. If they start to argue, tell them, that they did enough money over the last 100 years and that you will find new investment opportunities for them. They also could help you to buy back US treasuries from China and Japan etc..

But only removing the FED won't be enough. You should think about a currency reform. Of course this won't easy as well, but probabely the only solution to face effectively all the issues you have.

So think about this and I wish you all the best and that you come up with the right decisions!

Kind Regards,
silverman

Last edited by silverman; 02-04-2009 at 05:53 PM.
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