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January 9, 2016

URGENT: Audit the Fed ‘fast-tracked’ for a Senate vote

ACTION ITEM

Senator Rand Paul has introduced and “fast-tracked” S.2232, the Federal Reserve Transparency Act of 2015. But…

  1. We must act fast — BEFORE JAN. 12, 2016! — to demand of Congress: Audit the Fed! I sent a letter to my “representatives” in Congress using Downsize DC’s “Audit the Fed” campaign. I’m going to share my letter with you, so you can copy and paste it.
  2. But you shouldn’t act alone. We need others to join us in sending a letter to Congress. Numbers matter. So, reach out to five people who will passionately agree and ask them to join you.

This is doubly important, because…

There’s a long-term STRATEGY at work…

Downsize DC is focused on its original intentbuilding an army so large that it can exert overwhelming pressure on Congress to make them submit.

Our goal for this year — recruit 100,000 people to pressure Congress. This issue is a chance to further that goal. Find people who agree that the Fed should be audited, and ask them to send a message to Congress.

The hardwired letter to Congress at the Audit the Fed campaign starts this way…

It’s time to “Audit the Fed.” You must PASS S. 2232 the Federal Reserve Transparency Act.

To which, I added…

The Fed regulates banks, influences interest rates, and determines the size of our money supply. The Fed’s policies determine the value of our money, the health of the economy, and the rates we pay to borrow.

But for too long, the Federal Reserve Board has acted under a cloak of secrecy.

  • It’s decision-making process is secret.
  • Minutes from meetings come three weeks after decisions are announced.
  • The Comptroller General is legally prohibited from auditing several important FED activities.

But the economic consequences of Fed policies can be just as devastating to our lives as are taxes, regulations, and even war…

  • Many economists, including former Fed Chair Ben Bernanke, blame the Fed, in one way or another, for the Great Depression
  • Many also blame the Fed for harmful booms and busts
  • The Fed’s continued inflationary pumping cuts the value of your money, devastating savings and the well being of people on fixed incomes

Sen. Rand Paul of Kentucky introduced the Federal Reserve Transparency Act of 2015. https://www.govtrack.us/congress/bills/114/s2232 It expands congressional oversight of the Fed and gives the Government Accountability Office the authority to review its monetary policy decisions. Now, the bill is “fast tracked” and scheduled for a vote on January 12.

I insist that you vote to Audit the Fed. Support the Federal Reserve Transparency Act. I’ll be watching what you do.

—END LETTER—

After you send your letter to Congress forward this message to five friends that you think probably support the idea of Auditing the Fed. Ask them to join you in sending a letter. Good luck.

Jim Babka

President

Downsize DC

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