End The Fed

Old tricks once again

 The federal reserve is once again going to be buying debt with fake money in some mysterious way of creating jobs. The fed doesn’t seem to understand that printing money doesn’t help small business or main street America and maybe that is the point. The stock market will love it and of course it rally’s on the news of more fake money being flooded to an over-saturated currency market. The more they print the less you dollar is worth, the continue to devalue its purchasing price and few seem to take notice. Ron Paul has long been on auditing and ending the federal reserve, I agree that these bankers need to be stopped. Ron Paul said the following about the feds actions:

“For all of its vaunted policy tools, the Fed now finds itself repeating the same basic action over and over in an attempt to prime the economy with more debt and credit,” Paul said. “But this latest decision to provide more quantitative easing will only prolong our economic stagnation, corrupt market signals, and encourage even more misallocation and malinvestment of resources.

 

“Rather than stimulating a real recovery by focusing on a strong dollar and market interest rates, the Fed’s announcement today shows a disastrous detachment from reality on the part of our central bank. Any further quantitative easing from the Fed, in whatever form, will only make our next economic crash that much more serious,” he warned.

You may disagree with Paul on certain issues, however the federal reserve is something everyone should listen to him about what they do. The administrations no matter Republican or Democrat have allowed the federal reserve to play games with our money. The federal reserve is a direct violation of the Constitution because the ability to print coin is supposed to be the job of congress. You could argue that congress would be doing the same thing but the control would be placed in elected hands, not bankers.

Even Bernanke himself admitted that the federal reserve was once cause of the great depression and yet their actions continue today. Both Jefferson and Jackson ended central banks in their presidency’s and Wilson even later said about the federal reserve act that he “unwittingly ruined my country.” The house recently voted 327-98 to start the motion to audit the fed, now the ball is in Harry’s hands and the question is. What will Harry Do?

I’m personally for ending the federal reserve completely, end this unconstitutional central bank and put the money back into the people’s hands. This should be something everybody should be in favor of, with exception to the people who work there and the bankers who control it. You can read what Bernanke had to say about them trying to audit the fed on The Hill.

Tea Party Infidel