Friday, September 26, 2008

The Federal Reserve and the Stock Market Meltdown

To most Americans, the Federal Reserve is just another name on their dollar bill. They don't know that this secretive private bank controls America's entire economic system. The Federal Reserve is no more federal than Federal Express. Created with no constitutional authority in 1913, the Fed prints money out of thin air and loans it to the U.S. treasury at interest. This can only lead to one outcome: debt. Currently, the Federal Reserve is printing billions of dollars to bail out Wall Street while destroying the middle class and the dollar. If our country wants a sound and transparent monetary system, we need to abolish the Federal Reserve and bring the power back to the American people.

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2 Comments:

At 9/26/2008 3:52 PM, Blogger HOOSIERS FOR FAIR TAX said...

We are tax activists in Indiana with a solid track record of successes.

Mike Pence, our courageous Senior Congressman from Indiana, was first to stand down the Fed against the bailout.

Please call and fax his Indiana Office. Tell him to hold his ground and to co-sponsor HR 2755! There is much ground support and he's getting calls from high places to co-sponsor the Act to Abolish the Federal Reserve.

The numbers below are for his campaign office. People will be there this weekend. If no answer, send a fax and leave voicemails. It doesn't matter if you are not from Indiana.

REP MIKE PENCE INDIANA OFFICE
PHONE: 765-643-9503
FAX: 765-643-9514

 
At 9/27/2008 9:41 PM, Blogger Avatar said...

The Fed has 1 trillion dollars in US securities from their bank members on hand earning 6%. As you know the share holders get 6% as a dividend from the US although we pay 0.13% for a 30 day note holder.

nomedals.blogspot.com

 

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