Chicago NBC affiliate covers End The Fed rally on 11/22/08.
Call or email your representative and ask them to cosponsor HR 1207: The Federal Reserve Transparency Act of 2009 (over 200 cosponsors a...
Chicago NBC affiliate covers End The Fed rally on 11/22/08.
Call or email your representative and ask them to cosponsor HR 1207: The Federal Reserve Transparency Act of 2009 (over 200 cosponsors and growing).
"The Fed may have more influence on your life than any other part of the government, and yet it's completely independent of any corrective influence. Congress can't even be sure it really knows what the Fed is doing. That's why we believe . . .
No program to bring openness and accountability to government is complete without an audit of the Federal Reserve Board.
The Fed regulates banks, influences interest rates, and determines the size of our money supply through a complex process, called Open Market Operations, that involves buying and selling securities (mostly government debt). The Fed's policies determine the value of your money, the health of the economy, and the rates you pay to borrow. * The Fed's decision-making process is secret, using confidential information. * Minutes of these secret meetings aren't due until three weeks after decisions are announced. * Transcripts of meetings don't become available until five years later. * Aside from the Chair, Fed board members serve the longest terms of any federal bureaucrat (14 years), and they can't be fired for political reasons. * The Comptroller General, head of the Government Accountability Office, is legally prohibited from auditing the Fed's Open Market operations, and several other important Fed activities. (See our Talking Points page.) * The Fed is part of the Federal Government, but acts without any of the regular checks and balances."
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We are a bankrupt Nation & we must get back into solvency. We do that by putting the financial system threw a Glass-Steagall Bankruptcy. We eliminate the FED & adopt a National Credit system call for in our Constitution. We invest in infrastructure, agriculture & industry & create lots & lots of blue collar jobs. We will bring back all our industries that Global Free Trade Capitalism has outsourced. We don't need Wall Street or the FED anymore! Google: LPACTV: Audio Preview, The LaRouche Plan
Jobs weren't outsourced because of free trade capitalism, but simply because companies could not compete with an inflated dollar. If there were no inflation, then there would be many companies manufacturing in the US.
The fed is destroying our currency. The dollar has lost 96% of it value since the Fed was created. That's not maintaining the dollar. The government did a great job of maintaining the dollar before the Fed.
If the Fed and the banking cartel that creates money out of thin air were to disappear only then might we have a chance of recovering the economy. Otherwise they will continue stealing $1 trillion dollars/yr from us through inflation only to be loaned to us to be paid back with interest.
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RON PAUL ROCKS!
If the Fed and the banking cartel that creates money out of thin air were to disappear only then might we have a chance of recovering the economy. Otherwise they will continue stealing $1 trillion dollars/yr from us through inflation only to be loaned to us to be paid back with interest.