Just Focus on the Bailout…

While, the Federal Reserve pumps another $600 billion into the financial system!  See the link below:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5hzUWla7Jg&refer=home

We’re all up in arms about the bailout and the taxpayer money that will be used and rightly so.  However, we need to have the same outrage about the Federal Reserve printing countless billions of dollars!

While the bailout plan will use about $5000 per taxpayer (at the full $700 billion), the money the Fed prints is out of thin air.  Sure, they say it’s anchored to debt or it’s just a loan, but are they ever going to recoup that money?

For every dollar that is printed, the value of all of our dollars goes down.  The dollar is also the benchmark for many commodities, such as oil.  So as the value of every dollar drops, the price of all thos commodities goes up.  So not only is our dollar worth less, but the price of what it can buy goes up.  This is inflation at it’s core.

Only Congress, in the Constitution, has the power to print money.  They passed this power on to the Federal Reserve.  Well, it is now time for them to take this power back!  Put someone with their jobs on the line in charge of money.  I bet a lot less would get printed then.

The Federal Reserve is led by appointed officials who have limitless power when it comes to our money supply.  They can not be audited and never face the fear of re-election.  

Here is a way you can help get rid of the Federal Reserve.  It’s a link to Ron Paul’s website and actual legislation that will abolish the Federal Reserve:

http://www.campaignforliberty.com/blog/?p=629–

Thanks for reading!

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2 Responses to “Just Focus on the Bailout…”

  1. sandysays1 Says:

    What you need to add is we must form additional parties and send idiot fringes like Pelosi and Reed – Kemp and Martinez out in the gutter.

  2. Ron Says:

    The Federal Reserve is Guilty of Helping Create the Global Financial Meltdown

    Many investors and concerned citizens around the world are showing their outrage at what the Federal Reserve has done to the American economy with their easy money policies which caused the credit & real estate bubble and subsequent global financial meltdown.

    Join the thousands who are signing & commenting on the Abolish the Federal Reserve Petition at http://www.petitiononline.com/fed/petition.html

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