No Bailouts. Get to the root of the problem, the FED.
By Daniel at 12 June, 2009, 12:34 am
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A Lousy money monopoly whos manipulations are the root of every financial crises from its inception. Sneakly little muppets pointing the finger at others while refusing to disclose its actions. Thats enough already.
The Federal Reserve enjoys a monopoly over the flow of our money and credit but has never been completely transparent and accountable to Congress. Since its establishment in 1913 our dollar has lost more than 95 percent of its purchasing power.
In addition to more than $11 trillion national debt (over $36,000 per citizen), Congress, the Treasury, and the Federal Reserve have put us on the hook for almost $10 trillion in bailouts and loans. Yet, the Fed refuses to tell Congress which financial institutions have received these funds.
U.S. Rep. Ron Paul of Texas introduced HR 1207, which would deliver answers to the American people about how our money is being used. HR 1207, which is currently in the House Financial Services Committee, received the support of over 210 other representatives since its introduction and will amend section 714 of Title 31 of the U.S. Code to remove the restrictions on how the Government Accountability Office can audit the Federal Reserve.
Atlas Shrugged
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