Ready for some Washington sunshine?
Are you, like me, sick of the charade going on in Washington DC? It seems like the whole world has been obsessed with the debt ceiling crisis. The worst part is that it’s a completely manufactured problem! It’s a false choice between raising the debt ceiling and defaulting.
No one seems to be addressing the root cause of the debt debacle. And what is that root cause? You guessed it, the private central bank known as the Federal Reserve.
The Fed enables irresponsible Congressional behavior by allowing our representatives to spend more money than they take in…and then sticking you with the bill to pay it off! Without the Fed, Congress would be forced to live within its means.
As you know, last year Campaign for Liberty took on the private central bank by supporting Audit the Fed bills in both the House and the Senate. We succeeded in racking up co-sponsors but were sold out at the 11th hour when the Senate agreed to a much less extensive audit.
Even though we didn’t get our complete audit, we were able to get a glimpse of what the Federal Reserve has been up to behind closed doors. The results so far are absolutely horrifying!
Did you know that the Fed essentially gave over $200 million to the wives of two big Wall Street bankers? The cover story is that they were loans, but neither of these ladies, wives of Morgan Stanley fat cats, have any investment experience. It also turns out they are “non-recourse” loans. Of course, that’s just a fancy way of saying a loan with no consequences if you don’t pay it back.
So again the Fed is caught red-handed, lining the pockets of their bankster buddies. Of course, this is just one example, billions were given to the Fed’s other friends like Goldman Sachs, AIG, Citigroup and Bank of America.
But backroom payoffs are just the tip of the iceberg! The Federal Reserve has loaned or guaranteed trillions of dollars to foreign central banks and private non-banking corporations right here in America. Do you think companies like McDonald’s, Harley Davidson, Caterpillar, and General Electric deserved bailout cash? Well, like it or not, they’ve already benefited from the Fed’s generosity with your money.
Unbelievably, even with all of this information coming to light, some members of Congress still refuse to support transparency!
This August many members of Congress will be in their home districts holding town halls. It’s time again to show up and demand a real Audit of the Fed.
So far, only two members of Congress from the State of Washington have cosponsored Audit the Fed legislation. It appears, by their silence on the matter, neither Washington State Senator thinks transparency is a worthy issue either.
Since Campaign for Liberty started this fight over two years ago, over 70% of Americans now support an Audit of the Fed.
Here in the state of Washington both the Democrat and Republican parties have passed resolutions supporting a full and complete audit of the Federal Reserve. With that kind of grassroots support, you would think with that all our Congressmen and women and both our Senators would already be cosponsors!
Click here to sign the online petition urging Congress to pass an Audit of the Fed. We’ll be delivering these petitions to our representatives to turn up the volume on this issue.