Fox Valley Libertarian Party

Let's End the Fed

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."
Thomas Jefferson

"Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly."
Fifth plank of the Communist Manifesto, 1848

"Let me issue and control a nation's money, and I care not who writes its laws."
Mayer Amschel Rothschild

"I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies."
Thomas Jefferson

"The bold efforts the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."
Andrew Jackson

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".
Henry Ford

A Brief History

In December 1913 while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and was later signed by President Wilson.

Federal Income Tax

The national debt has now risen to 10.7 trillion dollars, and since the economic meltdown, that figure has risen dramatically and will continue to rise. The United States will never even be able to pay the interest on the loan, let alone the principle. So in actuality the Federal Reserve owns the United States, and our elected officials are beholden to the bankers, not the American people. The Federal Reserve is the unseen "shadow government"; its members are the ones who are governing our once great Republic, and it's all powerful because it controls the money supply. Congress likes the Fed because they can spend all they want with no restraints, they just put our children, grandchildren and great-grandchildren into debt.

Our Current Crisis The Federal Reserve in many ways has caused our current crisis. It's a given that there have been many things done in the financial sector that should not have been done. But it was the Fed’s actions in manipulating the money supply and driving down interest rates that were absolutely the wrong thing to do then and the wrong thing to do now. To get any real recovery, we have to let those prices and those resources adjust to what the marketplace values them. This is not the goal of the Federal Reserve policy or the aim of the government's fiscal policy. As a matter of fact, all of those are opposed to this adjustment. In the nearly 100 years of the existence of the Federal Reserve, it has NEVER been audited and it doesn't pay income tax on the billions of dollars it takes from us.

A Solution Congressman Ron Paul of Texas has introduced a bill in the U.S. House of Representatives, HR1207, that would provide for transparency within the Federal Reserve - that would provide for auditing of the Federal Reserve. If passed, for the first time citizens will actually be able to see what the Fed does, where it gets its money, and who profits from that money. Currently, Congressman Paul has more than 250 co-sponsors of the bill in the House of Representatives. One notable absence on that list is our own 14th Congressional District Congressman, Bill Foster.

Recently, Foster was interviewed by representatives of the organization, Campaign for Liberty. They reported, "Congressman Foster did admit that some sort of transparency on the Fed is necessary, but explained that he and his staff felt HR1207 could be dangerous in that if the public found out where the money has been being spent it might cause mass hysteria."

Millions of Americans are out of work and suffering financially. Politicians and the media have placed the blame everywhere but where it squarely belongs - with Congress and the Fed. Please write or call Congressman Foster's office and urge him to co-sponsor HR1207.