Growing Movement Strikes at Fed Across the Country
The End the Fed group (a movement of citizens concerned with the country’s fiscal policies) will gather in over 39 cities nationwide at each Federal Reserve location demanding that Congress pass H.R. 1207 – the Federal Reserve Transparency Act – with no amendments and then pass, after the completion of the audit, H.R. 833 – Repeal the Federal Reserve Act. Nationwide rallies are planned for this Sunday, November 22, 2009, at Federal Reserve Banks across the nation.
The point of the rallies according to Little Rock, AR organizer, Rob Richard, is “to inform the public that it is a fact that the Federal Reserve System is a government-protected cartel of private banking corporations which lend money, at interest, to the Federal government. It is often represented by the media and Federal Reserve officials as a Government Agency. It is not, outside of a few committees with public and private sector members. The Federal Reserve System, through its inflation of the money supply and the distortion of free markets resulting from its intervention, is responsible for the severity of the current financial and economic crisis. The current round of “bailouts” by the federal government and the Federal Reserve System, of large segments of the financial sector further inflates the US dollar and disrupts the proper functioning of the markets and will ultimately serve to plunge the nation into an even more severe crisis. This crisis could include a serious depression, something worse than the Stagflation of the 1970’s, or, at worst, a hyperinflation and collapse of our currency.”
“The goal of the End the Fed group is to educate Americans so that they can one day have a sound, honest monetary and banking system in this country and not be held to the whims of a private banking cartel with a government granted monopoly that is often misconstrued as being a government entity.”
Sunday’s rallies are part of a massive nationwide awareness activities to raise support and co-sponsors for H.R.1207 – the Federal Reserve Transparency Act and the eventual end of central banking in the United States.
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