What If a New Constitutional Convention Overthrows the Federal Reserve Act because of Lois Lerner?

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texasFFAconventionMediaStaffI heard a man speak on Tony Brown’s Journal in the 1980s, on the thesis that the Federal Reserve System is a vast tax-farming scheme, creating monies out of nothing, loaning them to the United States, charging interest that must be repaid with taxes. It sounds paranoiac, until you learn that the Federal Reserve Act was closely associated with the ratification of the Sixteenth Amendment to the US Constitution establishing the Federal Income Tax.

Now that Texas is close to pushing us over the top of the number of states required to ask Congress to call a Constitutional Convention, what might happen if Congress fails to take action over Lois Lerner? The Convention might try to abolish the IRS but, in the process, overthrow the whole financial system.

Never mind, the media would ignore it, the Executive would then get away with refusing to enforce it. No worries.