Audit the Fed: What For?

When you hear anything about "Audit the Fed", or "End the Fed", you might associate it with Ron Paul.  Fair enough, as he is the leading voice today in that cause.  I am very careful to keep this blog about freedom principles, and not about partisan issues.  You may feel this crosses the line, but I'm not promoting Ron Paul, or bashing any party; I'm promoting a principle of freedom.  You can read and decide.

What is the Federal Reserve? 

It's not federal and there are no reserves.  In a nutshell, it's a central bank run by world bankers, who have assumed many of the rights of Congress.  In 1910 a group of men, mostly chiefs of major corporations and bankers, met on Jekyll Island in secret to create what we know today as the Federal Reserve.  They assume the right to print 'fiat' (or fake) money at whim.

Why is a central bank bad?  

The Americans did not want a central bank because they saw the destruction to Europe's economy after central banks caused them to become their debtors.  The secretive group of Jekyll Island knew this, so they called themselves the Federal Reserve, so as not to tip off they were actually a central bank, and have the appearance of being controlled by Congress.  In fact, Congress is quite controlled by them when it comes to money matters.

When the Rothschilds attempted to infiltrate the Unites States with a central bank after we gained our freedom, President Andrew Jackson abolished it and had these words:

"The bold effort the present bank has made to control the government, the distress it had wantonly produced...are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."

In other words, President Jackson was warning us against the dangerous oppression of a central bank.  You ever heard the quip, "Keep your friends close, but keep your enemies closer?"  The reason for that is so you can know your enemy well enough to guard yourself against them.

Communism is an enemy of America.  Karl Marx was hired by a mysterious group called the League of Just Men to write the Communist Manifesto.  In this manifesto is a sort of check off list to achieve communism.  A central bank is number five on the list of ten.  You can read the list here.  The list is quite startling.  Draw your own conclusions.  Lenin said that establishing a central bank was 90% of communizing a country.

The Federal Reserve has the power to manipulate our entire economy by created inflation or deflation, a recession or boom, and sending stock market prices up or down.  Former Congressman Wright Patman, Chairman of the House Banking Committee said:

"In the United States today we have in effect two governments... We have the duly constituted  Government... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution."

Finally, just for the sake of knowing, you can view the charts of ownership and interest in the privately held Federal Reserve here. You will recognize many of the names, including:  J.P. Morgan Chase, Rothschilds, Lehman Brothers, Paul Warburg, Rockefellers, to name a few.

This is just a brief overview of why we can't, in good conscience, ignore the Federal Reserve; we need to take some action to see that they are held accountable and ultimately abolished.

To learn more about the cause, please consider Ron Paul's book, End the Fed.

Thomas Jefferson said to John Adams:

"I sincerely believe that banking establishments are more dangerous than standing armies."