The real estate bubble bursting, unemployment rising, bailout of Wall Street, nationalization of the banking and automotive industries, and many other things have put the economy ahead of most every other news item that can be reported on, including our two current ongoing wars. The economy is no doubt on everyone’s minds today, because practically everyone on Main Street is feeling it. People on the verge of retirement are now having to plan on working for years to come, while other families are struggling to make ends meet.
First we heard that a stimulus check was going to solve problems. Next Washington rolled out the TARP plan, which was supposed to help stabilize the banks. In reality it resulted in the CEOs of the banks taking lavish business trips at the taxpayer’s expense. Then came the American Recovery and Reinvestment Act, which so far has been nothing short of a failure.
Behind all of this, we have Ben Bernanke of the Federal Reserve telling us what will fix the economy time and time again. First he said we weren’t in a recession, then he comes out and says that we have been in a recession for months. Meanwhile, the Federal Reserve and the US Treasury expand the money supply by $5T+ while trying to solve the economic downturn. It’s become clear to many that the Federal Reserve is actually the cause of every bubble our economy has faced since the Federal Reserve’s inception.
It was best said that the Federal Reserve is no more federal than Federal Express. The Federal Reserve is a private company that operates out of complete secrecy and away from any audits. The big question is, if you have nothing to hide, why do you avoid a complete audit at all costs?
Knowing that the Federal Reserve is the true culprit behind everything, Congressman Ron Paul has introduced H.R. 1207: Federal Reserve Transparency Act of 2009, which has gained staggering support in the last few months. The Senate version of the bill, S. 604: Federal Reserve Sunshine Act of 2009, introduced by Senator Bernard Sanders, is beginning to gain momentum as you all contact your Senators and urge them to cosponsor this bill.
A full audit of the Federal Reserve is the first step in returning to our Republic a stable economy with a sound monetary policy.
Get involved today and urge your Representatives and Senators to Co-Sponsor and support these critical bills: