While many people believe healthcare reform is the key to rebuilding our economy. The reality is that the economy is will not be fixed unless we regulate the Federal Reserve. If the economic disaster was caused by the financial crisis aka Wall Street than the only way to fix the financial system in this country is to deal with the Federal Reserve System in our nation. The Federal Reserve is our central banking system and the fact that when President Barack Obama talked about creating a consumer watch agency, he also advocated for giving the FED more powers than it already has as a part of his financial regulation package. This is something that we the people cannot allow to happen because that is not financial regulation but more like deregulation if you are giving the Federal Reserve more powers than it already has today.
The Federal Reserve System is the central bank of the United States and it was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded. Therefore it is unbelievable that the Federal Reserve has continued to expand in our economy and it seems as if every time our nation talks about regulating the financial system, there is little to no regulation of our central bank, the Federal Reserve. If we don’t regulate or get rid of the Federal Reserve than it is impossible or our economy to recover at full strength and be viable for more than a decade because since the creation of the Federal Reserve System, our nation has been in a recession or economic downfall every 10 to 20 years and no one can explain why it happens. Think about it people, if the Federal Reserve was created to make our nation’s financial system more stable, safer and flexible than why is it that prior to its creation, the nation probably had one or two economic recession but since its creation we have had a Great Depression and at least 7 to 8 economic recessions.
Therefore it is amazing how the Federal Reserve's duties fall into four general areas. The first category is conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates. If that is the case than why have many people been pimped, raped and abused by credit card companies and mortgage lenders particularly banks when it comes to interest rates. The second category is supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers. If this is the case than why did we get into an economic recession where many banks failed and about 68 banks this year have closed up compared to 23 or 24 last year and we are only 2/3 through this year. The reality is that if the Federal Reserve is suppose to protect the credit rights of us the consumers than why are so many American’s credit rates in spiral due to home foreclosures and other things that the financial crisis has impacted. The third category is maintaining the stability of the financial system and containing systemic risk that may arise in financial markets. Now if that is the case than why didn’t the Federal Reserve contain the risk of derivatives and if you ask any banker or financer to explain what derivatives are, they can’t explain in language terms that the normal American can understand. So how did the Federal Reserve contain systemic risk that arose in our financial markets?
Let’s be real people, how did the Federal Reserve maintain the stability of the financial system that spiraled all of last year and most of this year. Where was the Federal Reserve during all of this economic heartache that many Americans dealt with and are still dealing with in more ways than one? The fourth category that the Federal Reserve is suppose to deal with is providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system. Now let’s be real people, how can this be the United States of America central bank if it provides financial services to foreign official institutions. What other nation’s central bank provides financial services to foreign official institutions? If the Federal Reserve is provides financial services to depository institutions and the U.S. government than why has our national debt grown so out of control that in order to pay it off it will take us cutting spending at a rate of 5-10% in hopes of paying it off between 2070-2080 which is longer than any of us might live.
It is time for us to get serious about the key to our economy doesn’t just lay in healthcare but it lays with dealing with the Federal Reserve. The Federal Reserve is a beast that has grown out of control and it is a monster that has caused more damage than good in our nation. Our Federal Reserve must deal with it and it is time to regulate the Federal Reserve or abolish it. We as a nation must deal with our financial crisis right along with healthcare costs but in order to deal with the financial crisis, we have to deal with the Federal Reserve. The Federal Reserve is the problem, not healthcare costs, not Wall Street but the organization that deals with all the money in this nation and is literally more powerful than the Treasury Department. The Federal Reserve controls the interest rates in this nation and our own government doesn’t borrower from the Treasury Department but it borrows from the Federal Reserve along with China.
We have to wake up America and realize that the Federal Reserve is the problem not simply Wall Street. Even the former Governor of New York Eliot Spitzer called the New York Federal Reserve the beast that we don’t know about and Ron Paul has been on a crusade to get rid of the Federal Reserve for the last two years. Several articles have been written about it and we have to understand that the nation is in economic spiral not because our banks got reckless and Wall Street got greedy but because the Federal Reserve and all the FED banks across the nation particularly the one in New York didn’t carefully monitory our financial institutions and Wall Street properly. Even our U.S. Government ignored the fact that we needed to regulate the Federal Reserve and now that our nation has faced an economic recession it is time for our politicians to finally stand up and deal with the regulating of the Federal Reserve properly. Our nation must deal with the Federal Reserve once and for all.
The Federal Reserve is truly a beast that we need to deal with it and we can’t ignore this problem. If our economy is to recover and be stronger, it will take more than healthcare reform but it will take a combination of healthcare reform, financial regulation and the regulation or abolishment of the Federal Reserve that will put our economy stronger than it has ever been. Nonetheless, it is critical that our government deal with the Federal Reserve now and rein it in once and for all. While HR 1207 wants to audit the Federal Reserve properly once and for it, it will take more than just an audit to reveal the monstrous damage the Federal Reserve causes our economy but it will take regulating the FED and abolishing it. We can’t ignore the Federal Reserve and the damage it does to our nation’s finances. It is time that we finally deal with it properly.
The Federal Reserve must be dealt with properly and if we don’t deal with this beast now than we will continue to see recessions in our nation every 10 to 20 years. When will our nation deal with the economy properly is the real question? So for anyone to think if we get healthcare reform and a new consumer agency, our economy will be better than we are really being fooled because if we don’t regulate the Federal Reserve than we are just continuing on the same path that caused this economic catastrophe to begin with. The key to our economy and it being stronger and better than ever is for us as a nation to regulate or abolish the Federal Reserve but we have to do one of them this year once and for all as well as pass HR 1207 which will audit the FED properly and with more transparency for us the people to see.
The Federal Reserve System is the central bank of the United States and it was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded. Therefore it is unbelievable that the Federal Reserve has continued to expand in our economy and it seems as if every time our nation talks about regulating the financial system, there is little to no regulation of our central bank, the Federal Reserve. If we don’t regulate or get rid of the Federal Reserve than it is impossible or our economy to recover at full strength and be viable for more than a decade because since the creation of the Federal Reserve System, our nation has been in a recession or economic downfall every 10 to 20 years and no one can explain why it happens. Think about it people, if the Federal Reserve was created to make our nation’s financial system more stable, safer and flexible than why is it that prior to its creation, the nation probably had one or two economic recession but since its creation we have had a Great Depression and at least 7 to 8 economic recessions.
Therefore it is amazing how the Federal Reserve's duties fall into four general areas. The first category is conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates. If that is the case than why have many people been pimped, raped and abused by credit card companies and mortgage lenders particularly banks when it comes to interest rates. The second category is supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers. If this is the case than why did we get into an economic recession where many banks failed and about 68 banks this year have closed up compared to 23 or 24 last year and we are only 2/3 through this year. The reality is that if the Federal Reserve is suppose to protect the credit rights of us the consumers than why are so many American’s credit rates in spiral due to home foreclosures and other things that the financial crisis has impacted. The third category is maintaining the stability of the financial system and containing systemic risk that may arise in financial markets. Now if that is the case than why didn’t the Federal Reserve contain the risk of derivatives and if you ask any banker or financer to explain what derivatives are, they can’t explain in language terms that the normal American can understand. So how did the Federal Reserve contain systemic risk that arose in our financial markets?
Let’s be real people, how did the Federal Reserve maintain the stability of the financial system that spiraled all of last year and most of this year. Where was the Federal Reserve during all of this economic heartache that many Americans dealt with and are still dealing with in more ways than one? The fourth category that the Federal Reserve is suppose to deal with is providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system. Now let’s be real people, how can this be the United States of America central bank if it provides financial services to foreign official institutions. What other nation’s central bank provides financial services to foreign official institutions? If the Federal Reserve is provides financial services to depository institutions and the U.S. government than why has our national debt grown so out of control that in order to pay it off it will take us cutting spending at a rate of 5-10% in hopes of paying it off between 2070-2080 which is longer than any of us might live.
It is time for us to get serious about the key to our economy doesn’t just lay in healthcare but it lays with dealing with the Federal Reserve. The Federal Reserve is a beast that has grown out of control and it is a monster that has caused more damage than good in our nation. Our Federal Reserve must deal with it and it is time to regulate the Federal Reserve or abolish it. We as a nation must deal with our financial crisis right along with healthcare costs but in order to deal with the financial crisis, we have to deal with the Federal Reserve. The Federal Reserve is the problem, not healthcare costs, not Wall Street but the organization that deals with all the money in this nation and is literally more powerful than the Treasury Department. The Federal Reserve controls the interest rates in this nation and our own government doesn’t borrower from the Treasury Department but it borrows from the Federal Reserve along with China.
We have to wake up America and realize that the Federal Reserve is the problem not simply Wall Street. Even the former Governor of New York Eliot Spitzer called the New York Federal Reserve the beast that we don’t know about and Ron Paul has been on a crusade to get rid of the Federal Reserve for the last two years. Several articles have been written about it and we have to understand that the nation is in economic spiral not because our banks got reckless and Wall Street got greedy but because the Federal Reserve and all the FED banks across the nation particularly the one in New York didn’t carefully monitory our financial institutions and Wall Street properly. Even our U.S. Government ignored the fact that we needed to regulate the Federal Reserve and now that our nation has faced an economic recession it is time for our politicians to finally stand up and deal with the regulating of the Federal Reserve properly. Our nation must deal with the Federal Reserve once and for all.
The Federal Reserve is truly a beast that we need to deal with it and we can’t ignore this problem. If our economy is to recover and be stronger, it will take more than healthcare reform but it will take a combination of healthcare reform, financial regulation and the regulation or abolishment of the Federal Reserve that will put our economy stronger than it has ever been. Nonetheless, it is critical that our government deal with the Federal Reserve now and rein it in once and for all. While HR 1207 wants to audit the Federal Reserve properly once and for it, it will take more than just an audit to reveal the monstrous damage the Federal Reserve causes our economy but it will take regulating the FED and abolishing it. We can’t ignore the Federal Reserve and the damage it does to our nation’s finances. It is time that we finally deal with it properly.
The Federal Reserve must be dealt with properly and if we don’t deal with this beast now than we will continue to see recessions in our nation every 10 to 20 years. When will our nation deal with the economy properly is the real question? So for anyone to think if we get healthcare reform and a new consumer agency, our economy will be better than we are really being fooled because if we don’t regulate the Federal Reserve than we are just continuing on the same path that caused this economic catastrophe to begin with. The key to our economy and it being stronger and better than ever is for us as a nation to regulate or abolish the Federal Reserve but we have to do one of them this year once and for all as well as pass HR 1207 which will audit the FED properly and with more transparency for us the people to see.
END THE FED NOW!
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