Federal Reserve proposal

The financial future and sovereignty of the US is tottering on the edge of a cliff. These issues are crucial because outcomes directly affect our middle and lower classes most. Those most vulnerable naturally will be affected most, and of course, will include our client populations in the field of social work. Everyone will suffer including businesses. Much of our service industry is made up of not-for-profit agencies. Many of these will likely suffer too. As donor bases dry up, so might tax incentives. Americans are industrious, so I’m sure we can survive but this depends heavily on the health of our administrative government and their current course of action in light of this monetary crisis. In question now is the proposal to give the Federal Reserve MORE power. Milton Friedman, Nobel Prize-winning economist and Anna J. Schwartz co-authored the book, A Monetary History of the United States. They assert the Federal Reserve was to blame for The Great Depression. On November 8, 2002 a Federal Reserve governor honored Friedman with a speech at his 90th birthday conference, ending with this:

"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again."

The Federal Reserve governor who gave this speech was none other than Ben S. Bernanke, current chairman of the Federal Reserve.

http://www.worldnetdaily.com/index.php/index.php?=PAGE.view&pageId=59405
http://eh.net/bookreviews/library/rockoff

What many do not know is that the Federal Reserve is NOT a US governmental agency. It is comprised of powerful global bankers who hold the majority of the world’s wealth. So WHY would the US even consider placing its economy and future in the hands of such an entity. There have been six major recessions in the US and half of these have occurred after the inception of the Federal Reserve, in 1913. This act transferred the power to create money from the American government to the group of private bankers. In Woodrow Wilson’s book, The New Freedom, published in 1913, the President said:

“Since I entered into politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” (Project Gutenberg. p 5 para 5 http://www.gutenberg.org/files/14811/14811-h/14811-h.htm#III)

Congressman Charles A. Lindberg Sr. heeded,

“This act establishes the most gigantic trust on earth. When the President signs this act the invisible government by the money power, proven to exist by the Money Trust investigation, will be legalized…”

Three years after signing the Federal Reserve Act into law, President Woodrow Wilson stated,

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all out activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

I hope each person contemplates the impact this new proposal to hand over Additional power to the "Federal" Reserve might have in relationship to our country, our families, our neighbors, our children and grandchildren. Ideally, the “Fed” should be abolished, but at minimum, pared back significantly. The power to create money should lie solely in the hands of our elected officials. Would you leave your checkbook and safe deposit box key with a group of people you don't even know?

Action Plan: Contact your Federal and State Legislators to voice a negative stand on this issue. The number for the Congressional Switchboard: 202.224.3121
* You may ask each office to transfer you to the next office, thereby making only one call.