U.S. is under Attack Right Now!?
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Citizens of the U.S. your country is under economic attack. Please copy the following letter and mail, fax, email your Representatives and Congressman/woman.
Dear [Elected Official],
I am gravely concerned that the recent actions of the Federal Reserve, to prop up banks holding insolvent mortgages and loans, is deliberately destroying the value of the dollar and endangering the entire US banking system.
The Federal Reserve has cut interest rates repeatedly in a time of high inflation, thus causing the value of the dollar to fall 5% on the foreign exchange markets in a matter of weeks, driving up oil and import prices even more. Even worse is this was done in an attempt to save bank profitability from their own mistakes thus serving as a bailout while simultaneously endangering our currency.
Furthermore, the Federal Reserve has lifted regulations limiting bank deposit exposure to their brokerage arms. These regulations were put into place after the Great Depression when excess bank exposure to bad assets destroyed banks across the country.
The entire process has broken down, being ignored and being gamed to the short term benefit of bank profitability. As an elected public official, it is YOUR JOB, YOUR RESPONSIBILITY and within your AUTHORITY to clamp down and return oversight to this extremely precarious situation.
Please note I will take your lack of, or even a weak response, as implicit approval of the deliberate gaming and endangering of our financial system. Furthermore, if we suffer a large scale financial disaster, I will also mention to all my voting age family and friends, which incumbents i have
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