The Federal Reserve is Destroying the Economy

Many people are misled by the name “Federal Reserve” to believe the bank is part of our federal government. It isn’t. The Fed is a private bank, and as such, is entitled to be as secretive as it chooses. This is a problem because trillions of U.S. dollars are turned over to them annually.

fedThe purpose of the Fed is to ensure stable prices, regulate banks, limit stock market risk, provide financial services to the US and foreign governments, and operate entitlement programs, like Social Security and Medicare.

Thomas Jefferson, Andrew Jackson, and Theodore Roosevelt warned that if ever private banks were allowed to control the currency, they would prove to be the undoing of the country. Unfortunately, President Woodrow Wilson ignored the advice of his predecessors and signed the Federal Reserve Act in 1913.

1913

Wilson signs the Federal Reserve Act of 1913

Wilson lived to regret it. “I have unwittingly ruined my country,” he wrote. “Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world… by the opinion and duress of a small group of dominant men.”

Fortunately for the President, he died before the full extent of the damage was uncovered. Twenty years after he signed the Federal Reserve Act, the United States declared bankruptcy. This year marks the 100th birthday of the Fed, and according to the latest statistics from the Bureau of Labor, the value of the dollar has depreciated 96%.

 

Henry Ford

It is WELL enough that people of the nation

DO NOT UNDERSTAND

our banking and money system,

FOR IF THEY DID,

I believe there would be a

REVOLUTION

before tomorrow morning.

                      ~~Henry Ford

napoleon2

When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Financiers are without patriotism and without decency; their sole object is gain.

~~ Napoléon Bonaparte

 

History records that the money-changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. ~~ James Madison

 

ron-paulThe greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and  Federal Reserve currency devaluation. It is this one-two punch– Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference– that threatens to impoverish us by further destroying the value of our dollars. ~~ Rep. Ron Paul, author of Audit the Fed legislation

TR

 

 

Issue of currency should be… protected from domination by Wall Street. We are opposed to… provisions that would place our currency and credit system in private hands.
~~ Theodore Roosevelt

 

 

I believe that banking institutions are more dangerous to our liberties than standing armies. ~~ Thomas Jefferson

Jefferson_ETF

The first step toward ending the Fed is a full audit.  Dr. Ron Paul authored the Audit the Fed bill, which passed the House with strong bipartisan support in July.

Senator Harry Reid, majority leader, refuses to allow the Senate to vote on the bill until he and Ben Bernanke, the Chairman of the Federal Reserve, have a chance to ‘talk it over’.

In other words. Reid refuses to do anything that would put Bernanke out, including a simple up-or-down vote in the Senate.

We could speculate about why Reid has sided with Bernanke against the American people. In the end though, all that matters is bringing the bill up for a vote in the Senate. If enough pressure is put on Reid, he’ll cave.

That’s where we come in. Plug in your zip code on the Audit the Fed website to tell your Senators you demand an audit of the Fed.  Already 21 Senators have pledged their support. Senator Harry Reid is no match for the will of the people.

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