Quote of the Day: “Central banking is almost entirely a phenomenon of the 20th century . . . . created as a means of financing the government. . . . If you say central banking is essential to a free market economy, I have to ask you about Hong Kong, which has no central bank at all . . . Yet it does quite well in terms of economic growth and stability.” -- former Federal Reserve Chair Paul Volcker, speaking in August, 1990, at a symposium sponsored by the Federal Reserve Bank of Kansas City
Subject: Federal Reserve Counterfeiting Update
Most counterfeiters don't confess their crimes, but the Federal Reserve does. The Fed has just revised its March counterfeiting confession UPWARDS.
Now, as of an update on May 1st, the Fed has increased this number to 1.647 trillion, an increase of 3 billion additional counterfeit dollars.
The January and February numbers have also been revised . . . HIGHER!
Remember what this means -- every time the Fed creates new dollars your money becomes less valuable. Also remember that those who get the money first (mainly banks, borrowers, and those with government contracts) profit from this legalized counterfeiting at YOUR EXPENSE.
How do you stop this? The easiest plan is to break the Fed's monopoly control over what you use for money.
In the last Congress (110th), Congressman Ron Paul introduced three "Honest Money" bills . . .
* Repealing the legal tender law that forces you (everyone) to accept Federal Reserve Notes (FRNs)
* Repealing the federal government's monopoly over coinage
* Prohibiting federal and state taxes on precious medal coins and bullion
These simple changes would allow you to buy and sell using means of exchange other than FRNs. For instance, you could use gold and silver, either electronically, as paper notes, or as coins. FRNs would have to compete with other forms of money, and this competition would limit the Fed's ability to counterfeit.
Few people will prefer FRNs if they're constantly losing their value!
So we don't have to abolish the Fed as our first step. We can start by de-fanging it.
Here's the problem: Congressman Ron Paul has not yet re-introduced these bills. We don't know what he's waiting for! If you donated to his campaign, or one of his organizations, or you're a constituent in Texas, we encourage you to call his Congressional office and ask. Then, hit reply to this message and tell us what you learn from the call. Here's the office number: (202) 225-2831
Frankly, these parts should be combined into one bill. They were developed as part of an evolving process. But now that we have the parts, these three bills could easily be re-introduced as one bill. Please encourage Representative Paul's team to introduce all three parts as one bill.
If you believe we need to end the Fed . . .
If you want to protect your savings from the ravages of inflation . . .
. . . these Honest Money provisions constitute the very most important step.
EVERYONE, please use our quick and easy Educate the Powerful System to ask your representatives to re-introduce or co-sponsor Ron Paul's "Honest Money" bills.
You can use your personal comments to mention that the Fed has revised its basic money supply numbers upward to 1.647 trillion for the month of March. Tell your representatives that you're tired of all this legalized counterfeiting.
Remember, every new fact we give you justifies another message to Congress. Tell your Congressional employees what you want them to do.
Last month we pounded Congress with 31,730 messages. To exceed that number this month we need Downsizers to send NUMBER messages today. Send your personalized message at DownsizeDC.org's End the Inflation Tax campaign.
Let's send as many messages as possible.
Ask others to do the same. You can educate, recruit, and spark action, in one easy step, by sharing this Dispatch with others.
Thank you for being a part of the growing Downsize DC Army. To see how much we're growing please check out the "Keeping Score" report below my signature.
You can't change the government by yourself. You'll need a huge "army" to help you, and the funding to make your voice heard by everyone, everywhere, every day. That means these numbers must grow constantly . . .
The Downsize DC Army now stands at 25,105. It's grown by (all numbers NET results). . .
* 756 this year
* 102 this month
* 114 this week
* 101 yesterday
Why did we grow so much yesterday? Because our NEW personalized recruiting project WORKS! On our blog you can find simple instructions for how YOU can recruit more Downsizers RAPIDLY and EASILY.
It took us 176 days to grow the from 24,000 members to 25,000, but now that Downsizers are using our personalized recruitment instructions we've already gone 10% of the way to 26,000 in just 6 days! Do personalized recruiting. It works!
Let's see how fast we can get to 26,000 members. We're currently on track to do it in about 60 days, as opposed to 176, but only if YOU will keep pushing. Use our personalized recruiting instructions!
Big Government propaganda is heard by everyone, everywhere, everyday. If you want to win the public debate then your voice must be heard in the same way. We call this Operation Everywhere. To achieve this big goal we must reach small goals first. Three numbers are crucial to constantly increase the volume of our voice . . .
We need at least 20 people a month to start new monthly credit card pledges of at least 17 cents a day, which is just $5 a month. FOUR people have done that so far this month. We need 16 more to meet our minimum growth goal. Go to the DownsizeDC.org contribution form to start a monthly pledge, and let us know on the secure contribution form if its okay to publish your name here . . .
MAY: Nancy Kovar, Ryan Ackroyd, WM Michael O'Brien APRIL: Mark J Wilson MARCH: Franklin L. Webber, Scott Boeff, Darryl W. Perry, Raul Torres, Alex Vournas, James E. Sopher, Vincent B Grubb
You can help us grow faster by pledging more, if that fits your budget -- $10 would be like 2 pledgers, $20 like 4, $50 like 10, and $100 like 20. We have a pledger currently giving $225 a month. Please start your pledge.
Or, if you'd prefer to make a one-time donation please go to the DownsizeDC.org contribution form, and please also let us know if its okay to publish your name here . . .
MAY: none so far APRIL: David Hyatt MARCH: William R Scarborough, John O'Donnell, Mr. Kent, Jaret Osborne, Melanie Rogers, Cynthia Roe, Clarence L. Wallace
Remember, we use this money to recruit new Downsizers. Your contribution is our budget.
If you like to compete, make progress, and keep score, please make our numbers grow . . .
* Follow our simple instructions (at our blog) for how YOU can recruit more DC Downsizers faster
* Start a monthly credit card pledge of $5 or more
* Or, make a one-time donation so we can recruit more people quicker