Mikalah Millheim
McClure
COM 115
26 April 2016
Topic: End the Federal Reserve
General Purpose: To persuade
Specific Purpose: To persuade my audience that the Federal Reserve should be audited then
ended
Thesis Statement: The Federal Reserve negatively and deceitfully affects U.S. citizens standard
of living by increasing inflation, decreasing the value of the USD, and all of this can be solved
by auditing then abolishing the Federal Reserve.
Introduction
I.
(
Open with Impact
) & (
Audience Adaptation)
In our lifetime, we’ve seen an economic
recession that can only be topped by the Great Depression. Still, we hear stories from our
grandparents who lived through a worse time: when parents were forced to see their
children enter orphanages instead of starve to death in their own homes. What could hold
such power over so many people’s lives?
II.
(Introduce Topic)
Well, an entity exists today that has the ability to wreak more havoc
than this country has seen since its conception.
A.
Such an entity goes by the name of the Federal Reserve.
1.
We’ll discuss what exactly that name means in just a moment.
III.
(Establish Credibility)
Economics and government behavior is something that’s interested
me for quite some time after a friend introduced me to trading.
IV.
(Preview Main Points)
In this presentation, I want to tell you what the Federal Reserve is,
why it is unsound economically, and what we as taxpayers can do about it.
Transition:
Let’s begin with what the Federal Reserve is.
Body
I.
What is the Federal Reserve and why do I call it deceitful?
A.
Although the name “Federal Reserve” implies that this institution is government
run, it is not.
B.
The Federal Reserve is 100% privately owned by banks despite its name. Its
recent actions, and even its creation, are surrounded in deceit.
1.
In its own words,“The Federal Reserve system fulfills its public mission as
an independent entity within government. It is not owned by anyone and is
not a private, profit making institution.”
a)
This can be found on the Fed’s website.
(1)
However, since it is owned by banks and private
shareholders of these banks, its goal is to make money.
(2)
The Center for Research and Globalization is a non profit
organization that published an article about the Fed’s
actions in 2008.
