QE3 is a counterfeiting operation that will raise prices and diminish your earnings.
It creates money out of thin air – a.k.a., counterfeiting.
You can defeat the FED with the Free Competition in Currency Act (HR 1098). The FED can counterfeit because it’s a monopoly. Competition would arrest their scheme and preserve your wealth.
Please join me in telling Congress to pass HR 1098.
You may borrow from or copy this letter…
What if I counterfeited millions and gave the cash to my friends?
- They would would buy extra things.
- The new “demand” for these assets, based on the fake money, would drive up prices.
- In turn, YOU would see higher prices.
- Your earnings and savings would lose their value.
- Eventually, the overvalued market would crash, causing unemployment. The financial channels will say the “bubble burst.”
As you can see, counterfeiting is not a victimless crime. So why can the Federal Reserve do it and get away with it? Their QE3 creates $40 billion month after month and hands it to “friends.”
Don't I have the right to protect myself from the Fed’s counterfeiting?
The Free Competition in Currency Act would protect me by…
- terminating the Fed’s monopoly over the money supply.
- ending the Federal State’s monopoly over the creation of currency coins.
- prohibiting taxes on precious metal coins and bullion.
Then, I could easily…
- reject payment in Federal Reserve notes.
- do business in gold, silver, or another form of money with the mutual, voluntary consent of others.
If everyone followed my example by choosing non-inflationary money, the Fed would be forced to stop inflating or go “out of business.”
Why shouldn’t I be free to choose non-inflationary money today?
Allow me to keep my earnings and savings. Protect my freedom of choice. Pass HR 1098.
END LETTER
You can send your letter using DownsizeDC.org’s Educate the Powerful System.
Jim Babka
President
DownsizeDC.org, Inc.