Dear Fellow Patriot,

I want to make sure you saw Campaign for
Liberty Chairman Ron Paul's latest column on the Federal Reserve.

This is one of the most important columns Dr.
Paul has ever written.

Dr. Paul explains how the Federal Reserve's
continued depreciation of our currency is responsible for the
growth of income inequality, the declining standard of living of
middle and working-class Americans, and the growth of big
government. . .

And he details how the out-of-control central
bank could be responsible for a major economic crisis that will
result in riots and increased restrictions on personal liberty.

As Dr. Paul points out, the only way to avoid
this fate is for Congress to change course in monetary policy
starting with passing the Audit the Fed legislation.

Please read this column and share it as
widely as you can. And if you haven't already done so, please
sign your Audit the Fed petition by clicking here.

And please let those you share it with know
the best way to help rein in the out-of-control central bank is
to become involved with Campaign for Liberty's efforts to pass
Audit the Fed!

In Liberty,

Norm Singleton

___________________________________

Will the Federal Reserve Cause the Next
Riots?

POSTED BY Ron Paul July 13, 2020

Federal Reserve Chair Jerome Powell and San
Francisco Fed President Mary Daly both recently denied that the
Federal Reserve's policies create economic inequality.
Unfortunately for Powell, Daly, and other Fed promoters, a
cursory look at the Fed's operations shows that the central bank
is the leading cause of economic inequality.

The Federal Reserve manipulates the money
supply by buying and selling government securities.

This means that when the Fed decides to pump
money into the economy, it does so by putting it in the pockets
of wealthy, and oftentimes politically-connected, investors who
are able to spend the new money before the Fed's actions result
in widespread inflation. Wealthy individuals also tend to be
among the first to invest in the bubbles that form when the Fed
distorts interest rates, which are the price of money. These
investors may lose some money when the bubble bursts, but these
losses are usually outweighed by their gains, so they end up
profiting from the Fed-created boom-bubble-bust cycle.

In contrast, middle-class Americans lose jobs
as well as savings, houses, and other assets when bubbles burst.
They will also not benefit as much as the rich and well-connected
from government bailouts and stimulus schemes. Middle- and
working-class Americans also suffer from a steady erosion of
their standard of living because of the Fed's devaluation of the
currency. This is the reason why so many Americans rely on credit
cards to cover routine expenses. The Federal Reserve is thus the
reason why total US credit card debt is almost one trillion
dollars.

Big-spending politicians are also
beneficiaries of the fiat money system. The Fed's purchases of US
debt enable Congress to massively increase welfare and warfare
spending without increasing taxes to politically unacceptable
levels. The people pay for the welfare-warfare state via the
Fed's hidden and regressive inflation tax.

Low interest rates also benefit politicians
by keeping the federal government's interest payments low. This
is an unstated reason why the Fed will keep interest rates near
zero or even lower interest rates below zero.

In response to the government-caused economic
collapse, the Federal Reserve increased the money supply by about
a trillion dollars from mid-April to early June. In contrast, it
took the Fed all of 2019 to grow the money supply by 921 billion
dollars. Even before the lockdown, the Fed was massively
intervening in the economy in a futile attempt to prevent
economic crisis.

A coming crisis will likely be triggered by a
collapse in the dollar's value and a rejection of the dollar's
world reserve currency status. The economic collapse will be
worse than the Great Depression. This will result in widespread
violence along with government crackdowns on liberties,
accelerating the US slide into authoritarianism. The only way to
avoid this is for Congress to make drastic cuts in spending -
starting with defunding the military-industrial complex - and to
audit then end the Fed.







Respect for the Constitution, the rule of law, individual
liberty, sound money, and a constitutional foreign policy
constitute the foundation of the Campaign for Liberty.

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