occupythefed

This Fight is for Us All

Dear 53%,

I understand where you are coming from regarding how you perceive The Occupy movement.  I am really happy for you and your ability to succeed despite all the roadblocks.  But please hear my sincerity when I say this:

You are next.

Do you really believe that your achievments are safe from the 1%?  They want it ALL, every last bit and that means you are in their crosshairs.

What happens to your small business when the next bubble pops?  What happens when your customers are no longer able to shop at your stores, or buy your products?  What happens when they crash the market again and everything you have managed to hang onto is destroyed?

Do you think the 1% is not coming after your wealth?  The rest of us have nothing left for them to take.  They already have our homes and our retirement funds.  You are the only ones with any wealth left and despite what you might think, the 99% are fighting to make sure they can’t destroy you as they did us.

You might be safe for now, but they ARE coming for yours and unless ALL fight they will get it.  Even now they are plotting ways to steal your wealth from you, and with their ability to buy politicians and craft the “law” to their benefit it is just a matter of time.  Licking their boots will get you nothing but a kick in the face.

But go ahead, keep believing you are safe.  I’ll save you a spot in the soup line.

See you soon.

Sincerely, 

The 99%

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The Fed - Out of Control - End the FEDERAL RESERVE. Audit the FED #ENDTHEFED #OCCUPYTHEFED

The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.

Ron Paul:
Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, H.R. 833.

Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts.

With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America’s exports or the low rate of savings should be enthusiastic supporters of this legislation.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress’ constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation’s founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans’ standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve.

Watch on cselland.tumblr.com

Peter Schiff live at #OccupyWallStreet - fascinating discussion