Dear Fellow Patriot,

The legislation is full of virtue-signaling
phrases like: "minimize and eliminate racial disparities in
employment, wages, wealth."

And. . .

Expanding "access to affordable credit."

But there's no mistaking what the top
Democrats behind this monstrosity want -- the Federal Reserve
enforcing race-based quotas on the entire U.S. economy.

That's exactly what the so-called "Federal
Reserve Racial and Economic Equity Act" (S.4464/H.R.7946)
introduced by Sen. Elizabeth Warren (D-MA) and Rep. Maxine Waters
(D-CA) would do.

You can be sure it's all designed to usher in
the socialist "Utopia" the Left has been dreaming of for decades.

Their dream will be a
flat-out nightmare for you and me.

First, sign your Zero Quotas petition to your
U.S. Senators and U.S. Representative at once, if you haven't
already done so.

CLICK HERE TO SIGN THE PETITION

Then, forward this message to your friends,
family, and business associates.

Ask them to sign the petition, and please
pitch in a financial contribution as soon as possible to help
stop this nightmare.

Not surprisingly, Joe Biden is fully on board
with Warren and Waters and the nearly two-dozen cosponsors who
have joined their scheme since it was introduced less than two
weeks ago.

I'm worried this reality could be staring you
and me in the face in just a matter of months. Then things will
really get out of hand if we don't get ahead of this scheme that
is now being referred to as the so-called "Third Fed Mandate"
right away!

After all, the final plank in the Biden
economic plan includes this "Third Fed Mandate." "The Fed should
aggressively enhance its surveillance and targeting of persistent
racial gaps in jobs, wages, and wealth."

And I'm afraid it only gets worse.

Look what The Washington Post reported after
Biden's speech announcing the inclusion of this scheme in his
platform:

"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."

Owed?

Make no mistake, this is not about making
sure people are paid money for services rendered, but a flat-out
expansion of the welfare state.

Liberty-loving Americans must make clear in
no uncertain terms that S.4464/H.R.7946 and any other such
schemes pushing race-based economic policies is 100%
unacceptable.

Government has no business picking winners
and losers on any basis -- PERIOD.

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 economic crisis.

It was these same bureaucrats and politicians
who practically created the subprime mortgage meltdown that
triggered the 2008 financial crisis. . .

The Fed's cheap money combined with the
policies pushed by the pet politicians of government-sponsored
loan giants Fannie Mae and Freddie Mac resulted 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.

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.

Of course, the economic destruction it will
bring ultimately harms everyone -- even those Sen. Warren, Joe
Biden, Rep. Waters, and their cohorts claim will benefit.

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 instead, they want to 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 now.

Then, forward this message to your friends,
family, and business associates . . . anyone who will understand
what a nightmare this will be . . . and the damage it will do.

Ask them to sign the petition and please
pitch in a financial contribution to help stop this nightmare.

For Liberty,

Ron Paul
Chairman


CLICK HERE TO SIGN THE PETITION
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