Coast to Coast AM - Mar 08 2005 - Federal Reserve System

Federal Reserve System

Host: George Noory
Aired Date: March 08, 2005

Guest:
Andre Eggelletion

Entrepreneur and radio talk show host Andre Eggelletion shared his insights into the Federal Reserve System, which he characterized as a privately owned banking cartel. The privatization of our money system, first begun in 1913, is one of America's prime causes of economic turmoil, he believes.

The Federal Reserve has for many years no longer backed currency with gold or silver, and as a private corporation it's free to make profits off its transactions and interest charges. In fact, Eggelletion pointed out that part of the U.S.'s national debt is actually owed to the Federal Reserve. This rampaging system has lowered the standard of living for most Americans and robs people of their money through inflation, he stated.

The Reserve, which has never been audited, is so powerful that he views it as a "separate shadow government" of America, with Allan Greenspan "riding the back of the tiger." Eggelletion advocates for the US government to nationalize the central bank and restore the constitutional power to issue our own money. But he said that only one Congressman (Ron Paul from Texas) has been brave enough to stand up for this. The rest of Congress lacks the "intestinal fortitude to challenge the economic paradigm," he declared.

Linked websites:
1. http://www.talktoandre.com
2. http://www.house.gov/paul/