Dear Patriot,
The situation must be dire when the Federal
Reserve board starts to admit the inflation they caused is
hurting the economy and hurting the middle class and poor.
New York Fed President John Williams is
giving plenty of warning that more chaos is coming . . . in the
form of rapidly rising interest rates.
Nobody really knows what interest rates
should be -- that should be decided by the free market. But when
the Fed actually acknowledges the need to raise interest rates,
you know we're in for a bumpy ride.
It's becoming too obvious we're in trouble.
And it's the Fed's fault.
From Bloomberg:
The Federal Reserve's decision to pivot
toward a more aggressive inflation-fighting stance this week
helps position the central bank to begin raising interest rates
next year, New York Fed President John Williams said.
"It's really about getting our monetary
policy stance in a good position, and also -- obviously --
creating the optionality, at some point next year, likely, to
actually start raising the federal funds target range," Williams
said Friday in an interview on CNBC.
While the Fed acts like they can continuously
print money to satisfy the appetite of Congress to spend this
country into oblivion, the rest of us suffer.
And the VERY LAST thing they want is
transparency. . .
Which is exactly why we should be DEMANDING
it now -- louder than we ever have before.
It's time to push for a full audit of the
Federal Reserve.
Sign the petition to your U.S. Representative
and Senators DEMANDING they cosponsor Audit the Fed while there's
still time to save this country from HYPERinflation.
Once you've done that, please consider a
donation to Campaign for Liberty and our efforts to force
transparency of the reckless Federal Reserve. $9, $99, or
whatever you can afford.
The last time inflation reached levels this
high was 1982 according to the latest Consumer Price Index (CPI)
calculation.
More people than ever are starting to realize
it's no coincidence prices are going up -- it's the
out-of-control spending by Congress enabled in whole by the
Federal Reserve.
The Wall Street Journal on Friday printed:
The Federal Reserve Banks' stockpile of
publicly held Treasury IOUs exploded from $476.3 billion in the
third quarter of 2008 to $5.91 trillion in this year's third
quarter-that is, from 7.5% to 25.3% of GDP. In the same period,
the federal debt grew from 67.3% of GDP to 122.6% of GDP. It
seems doubtful that it would have been so easy for Congress to
have let the debt grow twice as fast as the economy had it not
been able to count on such an accommodating central bank.
And we are certainly in dangerous territory
with $Trillions more spending on the table for President Joe
Biden, House Speaker Nancy Pelosi (D-CA), and Senate Majority
Leader Chuck Schumer (D-NY).
The actions of the Federal Reserve and
spending by Congress have created the most massive asset bubbles
in the history of the world and the worst inflation in the U.S.
in at least 40 years.
I suspect it's even worse than they're
letting on. It could be the worst inflation ever.
Now the solution being presented is to "prick
the bubble."
Patriot, at this rate, we're headed off a
cliff.
Why isn't the solution offered ever about
transparency of the process of who gets all these electronically
"printed" dollars?
Patriot, it's because they don't want their
crimes revealed.
And they're hoping you just take inflation on
the chin because it effects the poor and middle class infinitely
more than it ever effects the elites.
The Epoch Times is reporting on just how
impactful inflation has been: "Surging inflation will cost
millions of Americans more than $3,000 in additional expenses
this year, according to a Penn Wharton University of Pennsylvania
Budget Model (PWBM) analysis published on Wednesday."
Imagine what a loss of $3,000 annually does
to the bottom line of a family living paycheck to paycheck?
And that's just in the last year. 2022 is
shaping up to be even WORSE!
What needs to happen is a full and complete
audit, and Patriot, I think the pressure could be applied to
finally do it for the first time in the Federal Reserve's
108-year history.
The bad news is today we sit with just 58
cosponsors in the House, which is a far cry from where we need to
be. I understand Congress has been bogged down with COVID, and
Audit the Fed hasn't been a priority.
But given the fact the Fed is at the root of
America's financial crisis now and was a player in the
print-money-now for COVID bailouts, it's now time to see all the
Fed has been up to!
I'm urging you to take action AT ONCE to move
these vitally important bills forward.
Sign the petition to your U.S. Representative
and Senators DEMANDING they cosponsor Audit the Fed while there's
still time to save this country from HYPERinflation.
Once you've done that, please consider a
generous donation to Campaign for Liberty and our efforts to
force transparency of the reckless Federal Reserve. $25, $75, or
whatever you can afford.
If passed, Audit the Fed would finally show
the American people that the Federal Reserve System leads to:
*** Constant economic crises. The 2008
housing crisis and the resulting chaos is just one example of an
economic bubble created by centrally planned interest rates and
money manipulation. And we're in the midst of another bubble that
could burst any second;
*** The destruction of the middle class. As
food, housing, medical care, and education costs soar, everyone
who is NOT on the government dole is forced to make do with less
as the value of their money plummets;
*** Currency destruction. History shows us
that riots, violence, and full-scale police states can result
when people finally realize our money isn't worth the paper it's
printed on and REFUSE to accept it.
We don't have much time to push the cosponsor
count into the 100's where it needs to be for a major push . . .
before they put the final nail in the coffin of the Dollar. The
constant currency manipulation has done nothing but slowly
destroy the Dollar over a century.
But since the manufactured Coronacrisis,
they've finally started to do it a little too quickly.
Almost comically (if it wasn't so damaging to
our country), President Biden announced on Twitter last week that
our country "pays its bills on time," which is why he's now eager
to sign off on raising the debt limit.
Talk about an oxymoron!
I have to say, my favorite reply to Biden's
proud announcement about even more debt, which will be paid for
by you and me, our children and our grandchildren, was Natalie
Brunell, Bitcoin analyst: "We just paid our Visa with our
MasterCard."
It's as if Joe Biden has no clue what
Americans are actually experiencing when it comes to massive
inflation, just as they are really taking notice of the massive
dent in their bottom line.
It's time to stand up to the insanity of the
Federal Reserve's money printing, and Congress needs to take
action by advancing Rep. Thomas Massie's H.R. 24, The Federal
Reserve Transparency Act, and Senator Rand Paul's, companion
bill, S. 573.
Sign the petition!
The Federal Reserve is being talked about now
more than any time this year, making this the perfect time to
really push your U.S. Senators and Representative.
Once you sign, I strongly urge you to forward
this message to friends and family.
Awareness of the effects of the current
levels of inflation could be just what we need to push Audit the
Fed over the top!
For Liberty,
Ron Paul
Chairman
P.S. It's up to you and me to create the
sense of urgency about Audit the Fed in Congress that is severely
lacking right now.
If you and I don't do it, who will?
That's why I am asking for your immediate
action demanding your U.S. Senators and Representative cosponsor
H.R. 24/S. 573 for a full and complete audit of the Federal
Reserve. . .
. . . before it's too late!
Click here to sign the petition.
If you'd prefer to donate via PayPal, please
click here.
________________________________________________
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