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Issue Position: Audit The FED

Issue Position

Date: Jan. 1, 2012

The Federal Reserve Bank is not a government owned and operated bank. It is a privately owned bank that was given a federal charter in 1913. The Federal Reserve, the unelected central bank of the U.S., enjoys a monopoly over the flow of our nation's money and credit but has never been completely transparent and accountable to Congress since its creation in 1913, the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve's monetary policy. I support HR 459 and S 202, The Federal Reserve Transparency Act finally delivering answers to the American people about how our money is being spent.

"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson] signs this bill, the invisible government of the monetary power will be legalized ... the worst legislative crime of the ages is perpetrated by this banking and currency bill." ~ Congressman Charles A. Lindbergh, Sr., 1913


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