Audit The Fed, then ABOLISH it!

http://calenfretts.com/2009/06/11/audit-the-fed-pt-3-then-abolish-it/
http://billmaps.com/billmap/111/h/1207/federal-reserve-transparency-act-of-2009

The Fed is literally a conglomeration of private banks which loans money at interest to the American people, for its own profit. it has the power to flood or drain the economys money supply. it has recently bailed out numerous special interests (which it wont name, even to Congressional oversight committees) with billions more of our taxpayer money. it has recently hired a lobbyist to combat the Audit The Fed movement, because it knows that once we find out how it has been mishandling our money they will all be out of jobs and hopefully behind bars for treason.

keep the heat on. keep contacting your Representatives and urging them to support these bills, using the techniques I described in the first two posts, linked in the first paragraph above. and if they wont, vote them out! there is no reason to keep the Congress from having monetary oversight over We The Peoples money; the Constitution specifically grants Congress with this power, and so any Representatives against this bill are in direct violation of their sworn oath. I end this post, as many others, with some insight from the old men with psychic powers:

If the People only understood the rank injustice of our money and banking system there would be a revolution before morning!
- Andrew Jackson

If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks, and corporations that grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. I sincerely believe the banking institutions, having the issuing power of money, are more dangerous to liberty than standing armies! Already they have set up a monetary aristocracy that has the government at defiance. The issuing power [of currency] should be taken from the banks and restored to Congress and to the People, to whom it belongs!
- Thomas Jefferson

Your republic will be as fearfully plundered and laid waste by barbarians in the twentieth century as the Roman Empire was in the fifth; with this difference; that the Huns and Vandals who ravaged the Roman Empire came from without and your Huns and Vandals will have been engendered within your own country, by your own institutions.
- Thomas B. Macaulay

Category:

News & Politics

Tags:

• Audit The Fed
• economy
• Federal Reserve
• Federal Reserve System
• Ron Paul
• The Fed
• politics

[freedomfighterguy1]

I made an End The Fed video on Youtube called:

End The Fed Defiance

Here is the link below:

/watch?v=r1oL8toOssQ

[TRMerc]

By giving the Gov more control over the economy you will probably double inflation while halving the value of the dollar

[TRMerc]

The Fed Reserve can actually help GDP or GNP which every way you want to calculate it by the control points of interest rates and supply of money

Take that away and money hungry Congress will gain control, and they will just print more money for every dollar they wish to spend and drop the value of a dollar so much that the Yen will have a higher value

1 USD = 94.26 Yen

The Fed Reserve does have some Gov control, but not enough to hurt the effectiveness of it.

[TRMerc]

The Federal Reserve sets the rate at which money is lent out to banks from the government (they have little to do with the American people directly)

The loans given out by the fed reserve are 24 hour loans meaning they have to be paid back one day after they are given

While they do have more control over the economy then Congress and even (yes) the president

They can effect it for the better while congress and the president can only effect it for the worst

[TRMerc]

the chairman is one of seven members of the Board of Governors of the Federal Reserve System who are appointed by the President from among the sitting Governors

By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives

He or she also testifies before Congress on numerous other issues and meets periodically with the Secretary of the Treasury

The head of the Federal Reserve is NOT a private position it is a public office position