Thank you for contacting me about to share your opinions regarding the Federal Reserve. I appreciate the opportunity to learn your views and share mine.
The Federal Reserve was created in 1913 and is in direct conflict with the Constitution which you and other elected officials have hypocritically sworn to uphold in response to a worsening cycle of financial panics caused by the bankers intentionally throughout the late 19th and early 20th century. In fact, over the course of the 20th century having an independent central bank became a cornerstone of countries' integration into the global financial community because they’re all in bed with each other i.e.. G-20 etc. TARP funds by the hundreds of billions going to European central banks at U.S. taxpayer expense. The Federal Reserve System includes a Board of Governors who have zero power – they’re just window dressing, twelve regional Federal Reserve Banks again; superfluous as the New York Fed is the only one that counts, and national and state-chartered member banks who are complicit in creating money and credit out of thin air through the fractionalized reserve banking system which is a fraud. The Board of Governors has seven members appointed by the president and confirmed by the Senate Only after the too big to fail members of the Fed pre select them and tell the President and the Senate who to confirm. The Federal Reserve does not receive appropriations from Congress and is funded through its own operations Yeah, they print money willy-nilly with no backing behind it – just the full faith and credit of the Federal Government which is the taxpayer in the end. Congress has charged the Federal Reserve with conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment 9.1 % current unemployment according to official government lying statistics, and about 21% real unemployment. I don’t think they’re doing a very good job do you? , stable prices yeah, you must not do your own grocery shopping my groceries are going through the roof not to mention health insurance, utilities etc. – again it’s another fraudulent claim by the Feds and their supporters like you, and moderate long-term interest rates Moderate!? They’re giving money away and distorting the demand for it as a result. They refuse to let a free market rule and set the rates according to supply and demand..
Congress structured the Federal Reserve to ensure that its monetary policy decisions focus on achieving long-run goals and are not unduly subject to political pressures Who wrote this nonsense for you. You must have pulled this one out of a Federal Reserve propaganda piece.. Although it is exercises independent decision making authority very independent as they are a private organization, and we don’t (including yourself) know who the stock holders are., the Federal Reserve is ultimately accountable to Congress and the American people That’s an outright lie, and you know it. Your voted for TARP, and I opposed it when I ran against you. Over 90% of the letters, phone calls and emails were against the bailout and you voted for it anyway. Those banking banksters threatened you with marshal law if your didn’t vote for it, and that’s on You Tube with actual testimony being given by your colleagues in the U.S. House.., and we must ensure that it is transparent and open in its dealings this is another absolute lie. I’ve seen Congressional testimony stating that nobody knows where that money went, and Ben Bernanke told the committee he wasn’t going to tell them..
The Wall Street Financial Reform legislation passed by Congress in July 2010 included several provisions to improve transparency and accountability at the Federal Reserve a complete sham to appease the rowdy public, but you and I know where the real poweris, such as a requirement that the Government Accountability Office (GAO) audit all actions taken by the Federal Reserve during the recent financial crisis relating to its emergency lending authority The audit is limited and reporting on actions is delayed. The GAO examined all aspects that they were allowed to look at of the Federal Reserve's balance sheet, but the Federal Reserve's monetary policy discussions were exempt from the audit authority How convenient for those who get first crack at the money and know where it’s going before anyone else does. The new law also requires the Federal Reserve to disclose counterparties and information about amounts, terms and conditions of 13(3) emergency lending and discount window lending, and open market transactions on an on-going basis And all of this information is delayed to give them a big advantage, and they’re going to do what they want to do regardless of what you and the rest of Congress says.. You can see the audit and disclosures at . What’s missing?
In the 112th Congress, Representative Ron Paul (R-TX) introduced the Federal Reserve Board Abolition Act, H.R. 1094, which would repeal the Federal Reserve Act. He also introduced the Federal Reserve Transparency Act of 2011, H.R. 459, which would require the Comptroller of the Currency to publish a complete audit of the Federal Reserve including monetary policy discussions. H.R. 1094 has been referred to the House Committee on Financial Services and H.R. 459 has been referred to House Committee on Oversight and Government Reform. I do not serve on either committee How convenient, you don’t have to haveto have an opinion on something so critical, but will be sure to keep your views in mind should either bill come to the House floor for a vote.
Thank you for taking the time to share your thoughts with me Even though you’ve never directly responded to anything I’ve ever asked you. about providing additional transparency at the Federal Reserve. Please feel free to visit my website at . So I can read all of your propaganda about all of the freebies you’re giving everyone? There you can sign-up for my e-mail newsletter and stay up-to-date with other events in Congress I stay up to date, but not on propaganda if I can help it.
Member of Congress