Audit The Fed - Real Change We Can Believe In
After a century of abuse by the FED in creating artificial fiat debt paper currency in the form of "Notes" with interest attached, manipulated inflations and deflations, creation of the Internal Revenue Service, Wall Street schemes and corrupt banking practices, the dollar is worth approximately $.02 cents as compared to the beginning of the last century. In fact, it cost more to produce each one dollar bill than the comparative value... approximately $.06.2 cents per dollar bill printed.
For almost a century, monetary policy has been determined and directed by bankers, resulting in numerous inflations and devaluation of the dollar over this time, where the dollar isn't even worth the paper it is printed on.
Not only has the dollar and American economy in general been destroyed by the banker but the banker is also responsible for the destruction of other nation's economies as well as the current world economic crisis.
In my opionion, a banker cannot "rescue" economies except in regards to what type of systems and policies benefit their own personal economies while putting the majority of wealth in the hands of an elite minority.
These types of systemic policies eventually leads to the destruction of faith in commerce, labor and government while greasing the palms of those who control the system. We would only be heading down the same path (as we appear to be anyway) since nothing would change.
In order to create TRUE WEALTH, monetary policy must be in the hands of the people and the free markets in my opinion.
In searching for solutions to economic problems, it should be important to consider the following:
True Wealth is not created by bankers printing pictures on paper then circulating them into economies with interest attached or by speculative entries on their books.
True Wealth is created by stimulating production through manufacturing products that can be sold on the open market, thereby creating full-employment and effectively putting money in the hands of the people.
True Wealth is stable wealth. It enables the average individual to obtain enough wealth to provide for his needs and wants and at the same time, generates profit for those already on top.
As I see it, it's a WIN / WIN situation minus the greed and lust for power.
Americans need to open their eyes and minds and get busy. Voters should call and write their representatives both in the House and the Senate. There is a wealth of information out there showing that the Federal Reserve Corporation is the problem and has been for 96 years. Get educated and lobby the elected officials to get important legislation passed.
During the beginning of this year, Ron Paul, Republican Congressman from Texas, introduced H.R. 833, the Federal Reserve Board Abolition Act, in an effort to put an end to and abolish the Federal Reserve Corporation but the bill had no co-sponsors and died before it could reach the floor of the house for a vote. Since then, additional legislation has been introduced.
There are currently several bills before the congress and the senate. HR1207 and S-604, legislation designed to Audit the FED as well as HR3996 which alternatively, would instead give more power to the Federal Reserve.
As of December 2, 2009, the Federal Reserve Transparency Act of 2009, HR1207, to audit the FED has 317 co-sponsors. That is 17 more votes than what is required for a veto-proof majority out of 435 members of congress but the bill has been sitting in committee and has not yet come up for a vote. Last I heard, the House is expected to vote on HR 1207 this month so it would be wise for voters to contact their elected representatives as soon as possible. Its companion bill in the Senate, S 604, has 30 co-sponsors.
On November 20, 2009 the House Financial Services Committee passed the Paul-Grayson "Audit the Fed" amendment 43 - 26 but HR 1207 has been blocked from a full House vote by the Chairman of the House Committee on Financial Services, Barney Frank where, Rep. Frank introduced HR3996, portrayed to the public as protection from further bailouts but in reality, it actually greatly empowers the Fed. H.R.3996 is now in four House committees.
HR1207 is an important step forward calling for a comprehensive Fed audit and replaces an earlier introduced weaker one. The amendment also softens Rep. Frank's HR 3996: Financial Stability Improvement Act of 2009.
Only takes a few minutes to make a phone call or write a letter to have real CHANGE we can believe in but time is running out. People must take action today if they want change tomorrow.
Most Recommended Comment
BeanTown, to Florida, United States