Patriot,

Gone are the days when the Fed gave us booms today for busts
tomorrow.

Now, the Fed prints more money than ever, spending is higher than
ever. . . and there's been no recovery. People can't afford new
homes and new vehicles, and homelessness continues to rise.

As I argue in my latest column (read it below), the Federal
Reserve is showing no sign of changing its monetary policies.
Eventually, the Fed-created debt-based economy will collapse as
the dollar loses its reserve currency status.

This is why it is so critical we expose the Fed's secrets that
burden you and me while enriching their hand-picked cronies. So
even if you have already done so, please take a moment today to
contact your lawmakers and demand they pass our bill to Audit the
Fed!
[link removed]

And if you can, please support Campaign for Liberty with a
contribution to help us continue our work.
[link removed]

Thanks again for all you do,

Ron Paul

Growing U.S. Debt Menaces Liberty and Prosperity

Congress' top priority this fall will be passing legislation
funding the government and avoiding a "shutdown." As of this
writing, it appears unlikely that the Republican-controlled House
will be able to make a deal with President Biden and the Senate
Democrats on a long-term spending bill. Instead, they will likely
pass a short-term funding bill to give themselves more time to
reach agreement on a longer-term bill.

Any bipartisan agreement is unlikely to reduce government
spending or begin to pay down, or stop the growth of, the over
$32 trillion national debt, which the Congressional Budget Office
projects will grow by at least $115 trillion over the next thirty
years. Instead, Congress and the administration will continue to
pretend they are addressing the spending problem by "reducing in
the projected rate of spending growth," and other gimmicks.

The sad fact is both parties, along with a majority of the
American people, are addicted to welfare-warfare spending. What
little resistance there is to big government within the
Republican party is likely to be further weakened by the rise of
a new form of "conservatism" that advocates the use of government
power-including deficit spending and increasing the federal debt
- to advance conservative political and social goals.

The failure to take seriously the threat to the American economy
caused by reckless federal spending is illustrated by the
reactions to the credit rating agency Fitch's downgrade of the
U.S. government's credit rating. Instead of treating it as a
wake-up call, government officials like current Treasury
Secretary (and former Federal Reserve Chair) Janet Yellen
dismissed the downgrade as "arbitrary and based on outdated
data."

One reason Yellen and others may be so blasé about the federal
debt is that they believe the Federal Reserve will bail the
government out by holding interest rate low enough to keep the
federal government's interest payments to manageable levels This
is why, even though the Fed has been raising interest rates, the
rates remain well below what they would likely be in a free
market. However, the Fed knows it cannot go back to keeping rates
at or below zero without causing price inflation.

Therefore the Fed will likely continue to raise rates for the
next several months. The Fed will likely pause its rate increase
next year in the hope of boosting economic activity to help
President Biden's reelection campaign. Former President Trump
gave Powell an additional incentive to keep rates low next year
by promising not to re-appoint him if he returns to the oval
office.

Despite the Fed's repeated interest rate increases, Americans are
paying an average of $709 more per month for basic living
expenses than they were two years ago. This is why credit card
debt is over one trillion dollars. Adding more in private and
public debt will increase pressure on the Fed to "do the
impossible" - keep interest rates relatively low without creating
price inflation. Eventually, the Fed-created debt-based economy
will collapse as the dollar loses its reserve currency status.
This will increase political divisions and may even lead to
political violence.

Those of us who know the truth must make preparations to ensure
the safety of ourselves and our loved ones and do all we can to
spread the ideas of liberty. Creating a critical mass of people
to reject the false promises of the welfare-warfare state is the
only way to regain liberty without first suffering political and
economic upheaval.


Sign and Share the Petition to Audit the Fed!
[link removed]

And after you've signed, please support our common cause with a
contribution.

Click here to chip in - whether you can give $25, $50, or $100
today, your support keeps us going.
[link removed]

If you'd prefer to donate via PayPal, please click here.
[link removed]

The mission of Campaign for Liberty is to promote and defend the
great American principles of individual liberty, constitutional
government, sound money, free markets, and a constitutional
foreign policy, by means of education, issue advocacy, and
grassroots mobilization.

© Campaign for Liberty, 2012. Paid for by Campaign for Liberty
and not authorized by any candidate or candidate's committee.

Because of Campaign For Liberty's tax-exempt status under IRC
Sec. 501(C)(4) and its state and federal legislative activities,
contributions are not tax deductible as charitable contributions
(IRC § 170) or as business deductions (IRC §
162(e)(1)).

www.CampaignForLiberty.org


This message was intended for: [email protected]
You were added to the system June 27, 2019 [More information].
Update your preferences | Unsubscribe

----Powered by Paramount Communication----
[link removed]