For decades, I’ve echoed the call to “End the Fed.” It was a slogan, a protest, a rallying cry — but only recently did I sit down and truly imagine: What would ending the Fed actually look like? And more importantly: What should replace it?
I'm not advocating burning it all down or escaping into crypto fantasies. I want to see building something more honest, more restrained, and more accountable — especially when it comes to who controls money, and how that money shapes power. I'll walk through the core of the issues, as I see them — and attempt to lay the foundation for a better alternative.
The Problem: Fiat Currency Is Power Without Permission
Fiat money — created by decree, not backed by anything scarce — enables governments to fund wars, foreign interventions, NGO influence ops, bailouts, and endless bureaucracy without ever asking the people for permission.
They don’t need to raise taxes. They don’t need your vote. They just print — or more accurately, borrow from the future via central banking mechanisms.
This is why fiat currency is more than just bad economics — it’s anti-democratic.
The Fed Isn’t Just a Bank — It’s a Mechanism of Control
The Federal Reserve is the engine that makes all this possible:
- It issues dollars as debt (you pay interest on your own money supply).
- It manipulates interest rates to control credit and asset bubbles.
- It absorbs bad debt and props up financial institutions — while exporting inflation globally.
It’s not just that the Fed fuels economic distortion — it enables unaccountable state power.
Why I Don’t Trust Crypto
On the surface, crypto looks like a way out: decentralized, trustless, permissionless. But here’s how I see it:
- Governments don’t play fair. They don’t need to break encryption — they can break people.
- With enough computing power, legal authority, and control of internet infrastructure, state actors can surveil, regulate, censor, and even co-opt decentralized systems.
- Most crypto relies on centralized exchanges, ISPs, or development teams — weak points in the system.
So while crypto has value — especially as a pressure valve — it’s not the foundational fix.
The Real Alternative: Debt-Free Currency, Gold-Backed
If ending the Fed is the goal, here’s a coherent, historical, and achievable alternative:
1. Money issued directly by the U.S. Treasury — not borrowed from private banks
Like Lincoln’s Greenbacks, this currency wouldn’t carry interest or inflate the debt.
2. Backed by Gold Convertibility
Anyone could redeem dollars for gold at a fixed rate. It imposes restraint, preventing the government from printing away our purchasing power.
3. No More Fractional Reserve Loopholes
Banks would lend money that actually exists — not money created from thin air. The result?
- No more debt spiral.
- No more stealth inflation tax.
- No more funding wars or NGOs without the people’s consent.
Why It’s Hard (But Worth It)
I'll be honest: this would be a monumental shift.
- Politicians would lose the power of invisible taxation.
- Financial elites would lose their access to guaranteed bailouts and asset bubbles.
- The true cost of foreign wars and domestic spending would be exposed — and likely become politically impossible.
That’s not easy. But it’s also why it matters.
So, What Can Be Done?
This isn’t about a magic switch — it’s about changing direction. Possibilities include:
- Local experiments with asset-backed or debt-free currencies
- State-level initiatives to store gold and build economic resilience
- Citizen education on monetary history, inflation, and accountability
- Personal opt-out strategies: holding gold, avoiding debt, and transacting locally Even if the system won’t change overnight, we can stop pretending it’s normal.
Not Revolution, But Restraint
The real case for ending the Fed isn’t about ideology — it’s about restoring honesty to money.
When money is honest, power must be honest too.
When currency is backed, spending must be justified.
When the state can’t inflate away your future, it must ask for your consent. That’s not radical.
That’s republican government in its truest form.
So yes — End the Fed. But more importantly: Build something better. Something gold-backed, debt-free, and rooted in reality. That’s not chaos — it’s discipline. I say we need it now more than ever.
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