September 13, 2009
Dear Friend of Liberty,
With its endless creation of worthless fiat money and provision of continual fuel for the business cycle, the Federal Reserve has played a key role in destroying the value of our dollar, which has lost over 95% of its purchasing power since the Fed's creation in 1913.
While the Fed has partnered with Congress, the president, and the Treasury Department to put us on the hook for almost $13 trillion in bailouts and loans (and that's likely just for starters), it has refused to release the details about which institutions are receiving our money.
That's right.
The Federal Reserve can freely loan out your dollars and commit you to deals with foreign central banks and governments without having to provide any significant details to your representatives.
The Fed is one of Washington's most secretive institutions, and it has successfully defeated attempts time and again that would have required greater transparency.
But never has the Fed faced a fight as serious as the one the freedom movement has mounted in the last several months.
We have seventy five percent of the American people behind us.
We have 287 cosponsors for the House version, HR 1207. Three more cosponsors will give us a two thirds majority of support.
We have nearly a quarter of the Senate.
On Friday, September 25 at 9:00 am, Audit the Fed will have hearings before the House Financial Services Committee.
This Tuesday, September 15, Campaign for Liberty will be holding a Mass Action Day to gain cosponsors for the Senate version of Audit the Fed, S 604.
You have worked hard over the last few weeks to gather petitions for this effort. For the last week, you have been calling your senators' D.C. offices. On Tuesday, we will deliver those petitions to our senators' local offices and personally follow up on those phone calls as we take a stand for transparency and accountability.
While you are mobilizing across the country, C4L National staff and several grassroots volunteers will be delivering over 100,000 of your petitions to Capitol Hill.
Visit our website here to see what your state and local coordinators have planned for Action Day events in your area.
If you haven't yet signed up to call your senators, click here and commit to contacting them on Monday.
If you are unable to make it out to a senator's local office on Tuesday, you can join in the events by calling, faxing, and writing Congress.
We only have a few days left before the Action Day, so let's take full advantage of them. Download petitions and other materials and spread the message that the American people are demanding to know how their money is being spent and what deals they are being committed to.
And don't forget, we're adding an extra incentive to this Mass Action Event. The person who gathers the most signatures in each state will win a pocket Constitution and a copy of Dr. Paul's new book, End the Fed, both autographed by Congressman Paul himself.
And whichever state collects the most signatures (as a percentage of population) will win a $1,500 gift certificate to the Campaign for Liberty store!
Your efforts have made history, but we're not done yet.
On September 15, we will petition our senators in defense of transparency and accountability. On September 16, Congressman Paul's End the Fed will officially be available in stores and will take the debate to a whole new level.
Throughout all of the challenges and events in the past two years, you have demonstrated your unshakable resolve to fight for liberty. This Tuesday, let's remind our senators and all the rest of Washington that we're not going away until we've restored our liberties. Audit the Fed is only the beginning.
I look forward to hearing the reports from Tuesday as we continue this historic effort!
In Liberty,
John Tate
President
P.S. For far too long, the Fed has gotten away
with saying “No!” to your elected officials. Together, we will lift this shroud
of secrecy and take a major step toward restoring a sound money system in our
nation. Click here to find out how to take
action in your local area.
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