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.
Filed under: Elected Officials & Candidates, Federal Reserve, Poll
We all know Patty Murray is one of the finest investments the Banksters have made. She takes their money, votes against the people and her own party, yet tries to pretend she isn’t “bought and paid for”. Her latest round of votes to reconfirm Bernanke, expanding the power of the FED and creating a taxpayer-funded gambling slush-fund for the Banksters is all the proof we need!
On her opponent’s website, Dino Rossi doesn’t even address an audit of the crooked Banksters…let alone mention reining them in! This begs the question, will he sponsor/vote for a full and complete Audit of the Fed? And then will he work – really work – to bring the United States back to a constitutional monetary policy?
The poll results are:
Should Liberty/Patriot candidates and organizations support and/or endorse Dino Rossi if he continues his refusal to take a stand against the FED and their Bankster buddies?
- No (67%, 352 Votes)
- Yes (33%, 171 Votes)
Total Voters: 523
Let your Senators know that the “Financial Reform” bill is not the kind of reform we’re looking for!
173 Russell Senate Office Building
Washington, D.C. 20510
Phone: (202) 224-2621
Fax: (202) 224-0238
Email Patty Murray
511 Dirksen Senate Office Building
Washington, DC 20510
Phone: (202) 224-3441
Fax: (202) 228-0514
Email Maria Cantwell
Please see the message below from Campaign for Liberty.
July 14, 2010
Dear Friend of Liberty,
Fresh from the July 4 recess, Senate Majority Leader Harry Reid is trying his best to ram through another big government powergrab as quickly as possible.
A cloture vote on H.R. 4173, the so-called “Dodd-Frank Wall Street Reform and Consumer Protection Act” (which should really be called the Dodd-Frank Fed Empowerment Act), is expected in less than 24 hours.
Your help is needed to stop this latest attack on the market. Please contact your senators right away and urge them to reject the Dodd-Frank bill by voting against it at every opportunity, including cloture.
The “Dodd-Frank Fed Empowerment Act” deepens the government’s interference in the economy, creates additional layers of bureaucracy (including a new Consumer Financial Protection Bureau housed at and funded by the Federal Reserve), institutionalizes bailouts, and even allows the government to seize firms if it deems them to be a “threat” to the economy.
H.R. 4173 would also prevent the Fed from being fully accountable by watering down Audit the Fed.
Here’s some language you can use when contacting your senators.
I urge you to vote against H.R. 4173, the Dodd-Frank Financial Reform bill, which not only fails to address the causes of the current economic crisis but sets the stage for even worse ones down the road.
This dangerous legislation would reward those who helped wreck our economy with more power. The Federal Reserve, whose loose money policies fueled the boom and brought about the bust, would house and fund the new Consumer Financial Protection Bureau.
The legislation may also lead to further takeovers of private businesses based on nothing more than assurances from the government that they could pose a threat in the future.
This is not the way the economy works in a free society.
If Congress is serious about real financial reform, it must pass S. 604 to completely and thoroughly audit the Federal Reserve and find out what has been done with the taxpayers’ money.
I again urge you to vote against H.R. 4173 and to do everything in your power to seek a standalone vote for S. 604. I will be sure to let my fellow constituents know how you vote on these critical issues.
You can also let your senators know that Campaign for Liberty will regard any vote in support of H.R. 4173 – including cloture – as vote to empower the Fed when reporting to our members.
Your senators need to hear from you right away. Please contact them today!
Filed under: Action Alert, Elected Officials & Candidates, Federal Reserve, Legislation
What’s been happening with Audit the Fed? As you know, thanks to your tireless efforts, we succeeded in gaining co-sponsorship of 7 of 9 Washington State House Representatives. Over the past few months, the bill has faced many challenges.
Last week, in an incredible turn of events, 114 legislators across the country showed their true colors by voting against the Audit the Fed bill they co-sponsored.
This kind of behavior is unacceptable! Contact your legislator to ask him why he supports the banks and not the people! Who is among that Hall of Shame?
Jay Inslee – 1st District
- Washington DC Office:
Phone: (202) 225-6311
Fax: (202) 226-1606
- Shoreline Office:
Phone: (206) 361-0233
Fax: (206) 361-3959
- Pouslbo Office:
Phone: (360) 598-2342
Fax: (360) 598-3650
Jim McDermott – 7th District
- Washington DC Office:
Phone: (202) 225-3106
Fax: (202) 225-6197
- Seattle Office:
Phone: (206) 553-7170
Fax (206) 553-7175
Brian Baird – 3rd District
- Washington DC Office:
Phone: (202) 225-3536
Fax: (202) 225-3478
- Vancouver Office:
Phone: (360) 695-6292
Fax: (360) 695-6197
- Olympia Office:
Phone: (360) 352-9768
Fax: (360) 352-9241
Adam Smith – 9th District
- Washington DC Office:
Phone: (202) 225-8901
Fax: (202) 225-5893
- Tacoma Office:
Phone: (253) 593-6600
Fax: (253) 593-6776
Sign the Audit the Fed petition without delay – and forward it to your family, friends, and neighbors!
Filed under: Federal Reserve, Legislation, News, Party Politics
Thanks to the tireless efforts of several of our Washington State Campaign for Liberty members, we’re pleased to report that the Washington State Democrats passed a resolution recommending immediate passage of the Senate Audit the Fed Bill, S 604!
As Recommended to Pass the WA State Democratic Convention
WHEREAS we believe honest stewardship of the public money and credit is essential to social justice;
WHEREAS we believe a transparent government governs best, and a transparent monetary system is essential to a stable, sustainable economy that avoids squandering resources;
WHEREAS the Fed can enter into agreements with foreign central banks and foreign governments;
WHEREAS the U.S. Government Accountability Office (GAO) is prohibited from reviewing Fed agreements;
WHEREAS the Fed has refused legal requests to make a public accounting of the funds popularly known as TARP funds;
WHEREAS it recently became public knowledge that the Fed secretly bailed out investment bank Bear Stearns and kept it secret for two years;
WHEREAS by promoting open and transparent government, an audit of the Board of Governors of the Fed will promote trust in government and bring accountability to the Federal Reserve System;
WHEREAS HR 1207 “The Federal Reserve Transparency Act” has 319 bipartisan cosponsors, more than the majority needed to pass a bill through the House, and S 604 has 32 bipartisan cosponsors in the Senate;
WHEREAS the Constitution of the US gives Congress the sole authority to coin money and regulate its value and auditing the Fed will allow Congress to assert its Constitutional authority over monetary policy and to help protect the value of the US dollar;
WHEREAS the Board of Governors of the Federal Reserve System (FED) is responsible for hundreds of billions of dollars of taxpayer monies appropriated as part of the Emergency Economic Stabilization Act of 2008;
WHEREAS the FED’s deals with foreign central banks are not published in Congressional reports, and many assets and liabilities of the Federal Reserve Banks are not published anywhere; and
WHEREAS, auditing means the complete books, and all monies given as “bailouts” to any party, corporation, international bank, and government needs to be public information, including who received money, how much was received and on what it has been spent;
WHEREAS the House of Representatives recently passed a financial reform bill that included a complete audit of the Federal Reserve (H.R. 1207), and the Senate passed a financial reform bill that did not include a full audit of the Federal Reserve, and the House and Senate versions of the Financial reform bill must be reconciled, which will result in a one-time partial audit;
THEREFORE BE IT RESOLVED that we call upon Congress to immediately pass, and President Barack Obama to sign into law S 604, that would require a full and complete audit of the Federal Reserve System, and that the results be immediately provided to Congress;
THEREFORE BE IT FURTHER RESOLVED that upon completion of the audit, the results be immediately provided to the United States Congress and through the Congress to the People of the United States of America; and
THEREFORE BE IT FINALLY RESOLVED that this resolution be transmitted to the Members of Congress representing the State of Washington.