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!



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!

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.

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!

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.

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