Since it’s inception in 1913, the Federal Reserve has had total control over our nation’s money supply. And to make matters worse, the Federal Reserve is a private institution, which is not subject to any Congressional or public oversight.
The Constitution clearly states that Congress has the sole authority to coin money and regulate the value thereof. It does not, however, give Congress the authority to delegate that power to a private central bank ran by high-powered, well-connected bankers.
The good news is that Congressman Ron Paul (R-TX) has introduced H.R. 1207, which would subject the Federal Reserve to its first ever audit, allowing the public to see all the damage the unconstitutional private bank has inflicted upon Americans by devaluing the dollar, eroding their savings and lowering their standards of living.
At the time of this writing, H.R. 1207 is now up to 165 cosponsors. To find out if you’re Congressman has signed on to Ron Paul’s Audit the Fed Bill, click HERE
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