Thursday, November 19, 2009

End The Fed Rallies - November 22nd

End The Fed Rallies are happening at every Federal Reserve office across the nation this weekend - (Here is a map and addresses and other info) Closer to CT one will be in Boston at 600 Atlantic Avenue and the other in New York City at the NYC Federal Reserve building at 33 Liberty Street. Rally in New York City starts at Noon and ends at 3:00PM. For details of all cities.. go here.

Americans Deserve a Transparent Fed
- by Ron Paul and Jim DeMint
For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the U.S. dollar has lost more than 95% of its purchasing power. The Fed's unprecedented actions over the past year in attempting to stabilize the financial system have now forced it into the spotlight, and caused millions of people around the country to question the opacity of the Fed's financial transactions....

No matter how direct the questions are, Fed chairmen answer with a vagueness common to bureaucrats. The whole process is window dressing for public consumption, not any sort of attempt to exercise oversight or gain any real insight into the Fed's actions.

What is needed is a full audit of the Fed, something that has never happened. We need to know who the Fed is giving money to, what types of securities are being purchased and what backs those securities, how much money is being paid for those securities, etc. ...( read more here. WSJ)

Audit the Fed - End the Fed.