Tuesday, May 12, 2009

Federal Reserve Audit?

Please support passage in both the House and the Senate of H.R. 1207 to Audit the Federal Reserve.

Due to the present-day trillion dollar bailouts, stimulus bills, and resulting federal deficits, we are entering an era when the Federal Reserve's inflation tax will be much more of a burden on most Americans than Congress' income tax.

Not only is it ridiculous to take taxpayer money to prop up failing businesses, it's even more ludicrous to not get an accounting of the system that provides this funding. (Wouldn't it make more sense to leave the money in the hands of individuals, so they could actually afford to go BUY a new car??)

The creation of money out of thin air by the Federal Reserve to paper over the multi-trillion dollar federal deficits and to prop up its fiat paper money system threatens to destroy the dollar and wipe out the value of our earnings from our jobs, our retirement income, our investments, and our insurance.

Congress created the inflation engine known as the Federal Reserve in 1913. Now Congress must take responsibility to ensure a thorough audit of its creature, the Federal Reserve, by passing H.R. 1207.

The Federal Reserve needs to be held accountable for its actions, just as every other institution and individual is held accountable.

We the People deserve to know the truth about the Federal Reserve so that freedom-minded citizens and legislators can gain sufficient support in Congress to restore sound money and phase out the Federal Reserve.

Please let me know what action you commit to make with regards to this crucial legislation.

Sincerely,

Seth Gambee

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