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December 18, 2013

URGENT: Stop the new counterfeiter-in-chief

The Senate will vote on the new Fed Chair AS SOON AS THURSDAY. But this will change nothing. The best way to force the Fed to change is to pass the Free Competition in Currency Act. I sent Congress a letter demanding this.

I urge you to do the same, TODAY..

The hardwired message says…

Co-sponsor the “Free Competition in Currency Act” (HR 77).

You may borrow from or copy this sample letter…

Before voting on the confirmation of Janet Yellen as new Chairman of the Federal Reserve Board, I DEMAND my Senators introduce HR 77 in the Senate.

HR 77 breaks up the Fed's monopoly control over money. It’s needed because for 100 years, the Fed has run a COUNTERFEITING operation that robbed the dollar of over 95% of its value. This money inflation led to…

* perpetually higher prices and devalued savings
* asset bubbles and overheated stock markets
* booms and busts leading to the Great Depression, Great Recession, and many other downturns

Yellen, however, wants to keep counterfeiting!

HR 77 will stop her.

It allows we the people to choose better, non-inflationary forms of money, such as gold or silver. If it becomes law the Fed will either have to stop inflating or lose customers.

Free market money would mean…

* my savings would be protected and prices would stabilize
* booms and busts would end
* Congress couldn't borrow so much

It's hard to call a government “legitimate” when it operates the world's largest counterfeiting ring. Stop the criminality. Sponsor and pass HR 77.


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James Wilson
Policy Research Director

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