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."
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:
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.
