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.
There will be two screenings – one in the Tri-Cities area and one in the greater Seattle area.
Each event will feature the movie screening – a panel discussion will follow. Washington State Campaign for Liberty will have a panel member at each event. Other panelists include: Clint Didier, Mike Siegel, Jerome Martin, and host Kathryn Serkes.
Come out and let us know what you think!
Tri Cities Screening and Panel Discussion
with Dustin Dobson, Benton County Coordinator for Washington State Campaign for Liberty
Tuesday, October 5th, 7-9PM
Kennewick High School
500 S Dayton St
Kennewick, WA 99336
Seattle Area Screening and Panel Discussion
with Alex Rion, Executive Director for Washington State Campaign for Liberty
Thursday, October 7th, 7-9PM
Renton IKEA Performing Arts Center
400 S. Second St.
Renton WA 98057
Tickets are $15/person or $25/couple. Advance reservations are not necessary, but will make sure you have a seat. You can make a reservation here.
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!
This is another video in the series of questions asked of Dino Rossi and Clint Didier at the Washington Patriot Coalition Rally on June 11, 2010.