Patriot,

In response to the collapse of Silicon Valley Bank and Signature
Bank, Treasury Secretary Janet Yellen just announced that, in
consultation with the Federal Reserve and the Federal Deposit
Insurance Corporation, the government will bail out all of the
depositors not previously covered - invoking what regulators
named a "system risk exception," apparently the new term for "too
big to fail."

As with every other bailout scheme, the government is creating
moral hazards that assure future disasters. If all bank deposits
are now insured by the government, then there is zero risk to
bank risk managers making bad decisions. They can "bet the bank,"
knowing the government will cover them if they fail.

Economists are also warning this is just another step towards
government control of the banks.

And who pays for this bailout? The Fed claimed in its
announcement that "no losses… will be borne by the
taxpayer," but rather by a special assessment on banks.

It's all smoke and mirrors, of course. Banks, like all
businesses, have to pass the cost of doing business on to their
customers. Whether by bailout or by inflation, the money
ultimately comes from We, the People.

Everything the Fed does is smoke and mirrors. They artificially
lower interest rates to create booms. Then they say we need a
recession to prevent inflation.

But the Fed is the cause of inflation. Printing money is
counterfeiting, pure and simple.

As the great economist Ludwig Von Mises wrote in Human Action,
they desperately try to scapegoat everyone else: blame
businessmen, blame the war, blame global warming, blame anyone
but the monetary managers.

And of course, they blame YOU!

As Representative Thomas Massie just reported, at a recent
meeting with the Fed, Treasury, and FDIC, a Democrat U.S. Senator
(some are saying it is Mark Kelly (D-AZ)) essentially asked
whether there was a program in place to censor information on
social media that could lead to a run on the banks.

You can see where this politician's mind is going. "It's those
terrible people on social media, exercising their right to free
speech, who caused this!"

Patriot, this is why RIGHT NOW we need to speak out and let
Congress know we aren't being fooled, and we DEMAND they attack
the true source of the problem: THE FED!

And the first step in fixing the problem is to AUDIT THE FED!
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Even if you have already signed your directive, please sign it
again today. Our representatives in Congress need to know we
aren't fooled and we are more determined than ever that they rein
in the out-of-control Federal Reserve.

The time is right to make this happen. The American people are
feeling the crush of inflation. Their savings are decimated.
Their bills are higher than ever. A recession is certain.

We may even face an inflationary recession: a one-two punch to
every American as our paychecks and our savings are wiped out.

More bank bailouts mean more inflation, more inflation leads to
more harm, more crashes, and then more Fed money for the next
round of bailouts . . .

When will it stop??? When we make them stop.

Tell your congressman to AUDIT THE FED NOW!
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Campaign for Liberty continues to be the primary organization in
America fighting to Audit the Fed and one day end it completely.


With your help, you and I can give our Audit the Fed legislation
the momentum it needs to move forward in the upcoming term.

But I can't do it alone.

Whether you can make a contribution of $25 or $1,000, your
support helps us reach and mobilize more people.
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If we don't stand up to the secretive, out-of-control Federal
Reserve, who will?

Please take a moment to contact Congress now and then make the
most generous donation you can at this time.

For Liberty,

Ron Paul
Chairman
Campaign for Liberty

P.S. The Federal Reserve is already the most secretive and
dangerous instrument of government. It's privately-owned and
accountable to nobody.

Click here to send a letter to your representative and senators
in Congress and tell them to Audit the Fed!
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And if you support Campaign for Liberty's ongoing efforts to
expose and stop this madness, please support us with a
contribution. It's the only thing that keeps us going.

Click here to support Campaign for Liberty. Whether you can make
a contribution of $1,000 or $500 or $50, any contribution helps
us reach and mobilize more patriots.
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If you'd prefer to donate via PayPal, please click here.
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Join Ron Paul's Patriot Club with a monthly contribution! Your
support sustains our work and members are automatically entered
to receive special giveaways autographed by Ron Paul.
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The mission of Campaign for Liberty is to promote and defend the
great American principles of individual liberty, constitutional
government, sound money, free markets, and a constitutional
foreign policy, by means of education, issue advocacy, and
grassroots mobilization.

© Campaign for Liberty, 2012. Paid for by Campaign for Liberty
and not authorized by any candidate or candidate's committee.

Because of Campaign For Liberty's tax-exempt status under IRC
Sec. 501(C)(4) and its state and federal legislative activities,
contributions are not tax deductible as charitable contributions
(IRC § 170) or as business deductions (IRC §
162(e)(1)).

www.CampaignForLiberty.org


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