Our power to challenge the secrecy of the Federal Reserve

Props to The bailout opposed by so many Americans was nevertheless negotiated by the Federal Reserve with the help of Congress and the Administration. The final bill for the hotly debated rescue of the rich is over 1 trillion dollars including the ear marks and special interests sops that were included. But this is small change compared to the money that is being pumped into the monetary system by the Federal Reserve without any debate or consent. New money is being printed at record rates, insuring that the currency you have in your pocket will buy less and less everyday. As more people wake up to the threat to American’s future posed by the Federal Reserve, interest is being renewed in the Federal Reserve Board Abolition Act (HR2755).

This legislation introduced by Congressman Ron Paul in June, 2007 would kill the Federal Reserve Act and would then phase out the Federal Reserve altogether one year after the bill becomes law. Although legislators have yet to bring Paul’s bill to the floor, mounting interest in the bill in the face of recent Fed actions suggests it will be revived from its current state of languish in the House Committee on Financial Services.

Although people are just beginning to hear about this proposed legislation in the main stream media, the internet and alternative press reveal the depth of public support for this initiative. Even Constitution Party presidential candidate Chuck Baldwin has placed abolishing the Fed as one of the top planks in his platform that calls for a return to fiscal responsibility for the U.S.

What the Federal Reserve is all about

The Federal Reserve is called that to fool you. It is actually a private corporation run by bankers dedicated to controlling the nation’s money supply for the benefit of themselves and other wealthy and powerful people. Its mandate is to control the rest of the people by controlling their access to money and credit.
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