Dear Patriot,
On Friday, the U.S. House of Representatives
voted in favor of the huge $2.2 TRILLION coronavirus bailout
bill, and President Trump immediately signed it.
And with the calamity of the stock market
over the past few weeks and all the media hype over coronavirus,
many Americans are falling into panic mode.
There has been more and more talk about "herd
mentality" lately, but what it's resulted in is everyone
believing the media and the fake news . . . it's led to runs on
the grocery stores and, worse, it's led to a panic in the
financial markets and in our everyday lives where people are
afraid to go for a walk for fear of contracting the virus or even
being arrested for not self-quarantining.
At this point, there is no easy recovery and
no easy return to normalcy. The only thing that's normal about
this whole thing is Congress' willingness to spend money and for
the Federal Reserve to print money like never before.
Today the Fed's balance sheet stands at $5.5
TRILLION . . . and what most Americans don't understand is that
the Fed may be able to "create" dollars, but they can't create
wealth. And in fact, they are destroying America's wealth with
their reckless behavior.
The Fed doesn't want to accept responsibility
for the bubbles and the volatility of the markets . . .
conveniently for them, the coronavirus came along, and the blame
was shifted entirely.
What is coming as we continue down this
dangerous path: inflation, wage and price controls, shortages,
massive unemployment. Plain and simple, the Fed is destroying
the dollar, and our economy will suffer because the Fed's
solution is simply to print more and more money.
That is the WRONG solution!!
Every bailout, every crisis, every "rescue"
is being painted as the government helping the American people
out.
Wrong! It's just digging a bigger hole, and
it's one that we won't be able to get out of unless the mindset
of Americans is changed.
Unfortunately, many people are rolling over
and letting our civil liberties be trampled. Government
authoritarianism is winning. You know and I know this: the
government can't "correct" and dictate how to solve every problem
in the world, but we're letting it happen.
Big-spending Republicans went along with
Nancy Pelosi and her open checkbook mentality . . . telling the
American people that this latest bailout would put money in their
pockets and revive the economy.
My friend, Rep. Thomas Massie (R-KY) was
given some grief when he asked for a roll call vote on the $2.2
trillion bailout in the House on Friday. His concerns are that
this reckless spending isn't addressing the real problem:
"It shouldn't be stuffed full of Nancy
Pelosi's pork - including $25 million for the Kennedy Center,
grants for the National Endowment for the Humanities and Arts,
and millions more for other measures that have no direct relation
to the Coronavirus Pandemic. That $25 million, for example,
should go directly to purchasing test kits."
Thomas went on to hit the bullet on the head:
"This bill creates even more secrecy around a
Federal Reserve that still refuses to be audited. It allows the
Federal Reserve to make decisions about who gets what, how much
money we'll print. With no transparency. If getting us into $6
trillion more debt doesn't matter, then why are we not getting
$350 trillion more in debt so that we can give a check of $1
million to every person in the country?
"This stimulus should go straight to the
people rather than being funneled through banks and corporations
like this bill is doing. 2 trillion divided by 150 million
workers is about $13,333.00 per person. That's much more than the
$1,200 per person check authorized by this bill."
So I say we need to change America's mindset
and keep promoting sound money and free markets. And let's start
by Auditing the Federal Reserve!
Speaker Pelosi promised more bailout bills
are coming. Can you imagine the pork the big government folks are
going to shove into these bills . . . and the debt they will rack
up. All on the backs of the American taxpayer.
In the end, the government needs to be
promoting our liberties and stop trying to expand the power of
the politicians and the bureaucrats.
For liberty,
Ron Paul
P.S. Campaign for Liberty's number one issue has always been to
pull back the shroud of secrecy behind the Federal Reserve.
Please click here to make a donation to help us pass Audit the
Fed.
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(IRC § 170) or as business deductions (IRC §
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