Fellow Patriot, I tried to send this earlier this morning but we
experienced technical difficulties with the message and I'm not
sure you received it.
But this is so important I want EVERYONE to
see it . . . so please take a moment to read my message below.
--Ron
Dear Fellow Patriot,
Last week, Sen. Elizabeth Warren (D-MA),
along with Rep. Maxine Waters (D-CA), introduced the so-called
"Federal Reserve Racial and Economic Equity Act"
(S.4464/H.R.7946).
According to The Washington Post, the
legislation requires Fed Banksters to "minimize and eliminate
racial disparities in employment, wages, wealth, and access to
affordable credit."
That's right, they want the Fed to enforce
race-based quotas on the entire U.S. economy.
It's right out of the Marxist playbook. And
it's all designed to usher in the socialist "Utopia" (aka a
nightmare for you and me).
Fellow Patriot, without your action today --
including your signed petition -- I'm worried this reality could
be staring you and me in the face in just a matter of months.
You see, Sen. Warren and Rep. Waters aren't
alone in pushing this socialist monstrosity. Their scheme has
gained nearly two-dozen cosponsors in just a week's time.
What's more, presumed Democrat presidential
nominee Joe Biden is fully on board.
In fact, as NPR reported earlier this month
the final plank in the Biden economic plan includes this scheme
that is now being referred to as the so-called "Third Fed
Mandate."
"The Fed should aggressively enhance its
surveillance and targeting of persistent racial gaps in jobs,
wages, and wealth,"
That's directly from Biden's plan.
And I'm afraid it only gets worse.
In fact, The Washington Post notes, "Biden's
campaign said he also backs the Fed's previously announced shift
toward a real-time payment system, which would make it possible
for low-income people to have instant access to the money they
are owed."
It sounds a lot like backdoor reparations if
you take the Biden campaign's words at face value.
Whether that's the ultimate goal or not, it's
vital every liberty-loving America make clear in no uncertain
terms that government picking winners and losers on any basis is
100% unacceptable.
So I hope you'll sign the Zero Quotas
petition I've prepared for you to your U.S. Senators and U.S.
Representative to put a stop to this dangerous scheme at once.
As you'll see, your petition insists your
members of Congress vote against S.4464/H.R.7946 and any other
such scheme pushing race-based economic policies.
But I hope you won't stop there.
With national media elites and the political
class convinced the Left has November in the bag, it's vital you
and I go all out to knock the legs out from under this scheme as
early as possible.
That's why I'm counting on patriots like you
to step up with a generous financial contribution of $60, or
even $40, or $20 to sink their plot before they turn
the Fed into an enforcement squad for race-based quotas on the
entire U.S. economy.
Whether it's the central-planners at the
Federal Reserve or the politicians on Capitol Hill, such Big
Government meddling with our economy has led to economic crisis
after crisis.
Recall that the 2008 financial crisis was
triggered in large part by the so-called "subprime mortgage"
industry.
That is to say the Fed's cheap money and
policies pushed by the pet politicians of government-sponsored
loan giants Fannie Mae and Freddie Mac resulting in zero-down (no
qualification) loans for millions who had no business getting
them.
And what happened when those borrowers
couldn't pay -- the entire economy nearly imploded.
Just consider what a 2013 Wall Street Journal
headline concluded:
"The Clinton-Era Roots of the Financial
Crisis: Affordable-housing goals established in the 1990s led to
a massive increase in risky, subprime mortgages."
Even The New York Times admitted as much
ahead of the 2008 housing crisis when it reported in August 2007
"the mortgage often is the financial culprit these days. That is
particularly true of lending in the subprime market of zero-down
loans."
Now, the Left and Democrat Party are
determined to repeat these same mistakes and worse with a plan
that is poisonous not just to our economy but also our culture.
The truth is the Left's fervor for race-based
politics will explode if Democrats take complete control in
Washington, D.C. in November and RAM this scheme into law.
Worse, the economic destruction it will bring
ultimately harms everyone -- even those Sen. Warren, Joe Biden
and Rep. Waters and their cohorts claim will benefit.
Of course, it will benefit some. . .
A select few -- like the politicians I just
named and their insider pals -- stand to reap a political and
economic windfall.
All you have to do to know that is look how
cozy Joe Biden's gotten with Chris Dodd -- the former Democrat
Senator-turned "Swamp" fixer who helped Biden pick his running
mate, Kamala Harris.
As a recent column in The Washington Examiner
noted: "Back during the financial crisis, of course, Dodd had
helped protect Fannie Mae and Freddie Mac from oversight, while
getting VIP loans from Countrywide, the most notorious peddler of
subprime loans. Dodd was the top recipient of Fannie Mae money."
Fellow Patriot, this scheme from Warren, Waters and
Biden and co. -- the so-called "Federal Reserve Racial and
Economic Equity Act" (S.4464/H.R.7946) -- reeks of political-self
dealing and cronyism.
And if they RAM this scheme through you can
be sure the Left's fervor for race-based politics will explode --
perhaps beyond anything we've seen in our lifetimes.
To top it all off, it's exactly the kind of
backwards policy that sent our economy spiraling in the Great
Recession -- and likely will again if we don't stop it.
Elected officials must realize what we need
is a freer economy with less government intervention, meddling,
and zero race-based policies.
But without your action today, their plot
could succeed and turn the Fed into an enforcement squad for
race-based quotas on the entire U.S. economy.
We must do all we can to stop this scheme in
its tracks.
So please sign your Zero Quotas petition at
once.
Then, I'm counting on patriots like you to
step up with your most generous financial contribution of
$60, $40, $20, or as much as you can afford to
help knock the legs out from under this scheme before it's too
late.
Please act at once.
For Liberty,
Ron Paul
Chairman
P.S. Sen. Elizabeth Warren, Rep. Maxine
Waters, Joe Biden, and a growing group of radical Leftists in
Congress are united in their dream of using the Federal Reserve
to enforce race-based quotas on the entire U.S. economy.
Their plan is flat-out poisonous to our
economy and our culture. It's exactly the kind of backwards
policy that sent our economy spiraling in the Great Recession --
and likely will again if we don't stop it. You can bet the
Left's fervor for race-based politics will explode if they RAM
this scheme into law.
With national media elites and the political
class convinced the Left has November in the bag, it's vital you
and I go all out to knock the legs out from under this scheme as
early as possible.
That's why I'm counting on patriots like you
to sign your Zero Quotas petition at once.
And why I'm asking you personally to step up
with a generous financial contribution of $60, or even
$40, or $20 to sink their plot before they turn the
Fed into an enforcement squad for race-based quotas on the entire
U.S. economy.
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