Tuesday, July 24, 2012

Federal Reserve Audit

The Federal Reserve has never been fully audited since its implementation in 1914.  Since then, the dollar has lost over 90% of its value and inerest-rate manipulation has created increasingly larger financial bubbles, like the most recent housing fiasco.  When these bubbles burst, the middle-class gets burned losing pensions, savings, and even homes.

It's just as important to note that transparency and accountability go hand-in-hand.       In 2010, the Fed was subject to a partial audit thanks to the efforts of millions of activists who demanded to know what their government was hiding.  The revelations of that audit are startling; the Fed printed at least $16 trillion out of thin air.  Some of the world's largest, most profitable companies were bailed out, along with countless domestic and foreign banks, and even foreign governments.

The truth is the central planners at the Fed are never going to stop destroying the value of the dollar and bailing out their friends on their own.  It is up to us to hold Congress' feet to the fire by demanding the secrecy and bailouts stop.  In the last 5 years, we've seen the negative effects of the Fed's inflationary policies, and we cannot afford the cronyism any longer.

HR 459 is pending in Congress.  It requires an audit of the Federal Reserve Bank.  It will finally open up their books to the general public.  Let your Congressman know that you support passage of HR 459.

BO must GO

0 Comments:

Post a Comment

<< Home