Dear Rep. Jim Marshall (Sen. Johnny Isakson, Sen. Saxby Chambliss),
Please vote â€œnoâ€ on the proposed bailout (a.k.a. wealth transfer). Vote â€œnoâ€ on the Paulson/Bush/Dodd/Schumer/Frank etc. (Obama? McCain?) bailout scheme and any other proposed â€œcompromiseâ€ bailout. This unprecedented and unconstitutional power grab can not be salvaged. (One quick question before I proceed. What Article and section of the Constitution authorizes this expenditure in the first place? Just curious.)
You can not fix a problem that was caused by the Federal Reserve creating funny money out of thin air and government induced market distortions by creating more funny money out of thin air and adding more market distortions. This will simply postpone and intensify the inevitable day of reckoning. The Fedâ€™s counterfeiting project is a house of cards that MUST one day fall. It is simply not sustainable.
As Pastor and Internet columnist Chuck Baldwin has said: (As I am sure many here know, Chuck Baldwin is also the Ron Paul endorsed Presidential candidate of the Constitution Party, but I didnâ€™t mention that tidbit of information to my Democrat Congressman or my two Republican Senators.)
Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency known as the Federal Reserve Note, which was created out of thin air by an international banking cartel called the Federal Reserve.
According to Congressman Ron Paul, in the last three years, the Federal Reserve has created over $4 trillion in new money. The result of all this â€œmoney-out-of-thin-airâ€ fraud is never-ending inflation. And the more prices rise, the more the dollar collapses. Folks, this is not sustainable.
The only way out of this mess is to scrap the Federal Reserve, stop the government from spending more than it takes in, and return to sound gold and silver backed currency. Anything short of this is just a Band-Aid.
For the record, the content of this open letter will be published on various conservative Internet outlets where my work appears. I will gladly post as a follow-up any part of your reply that indicates your intent to vote against this multi-billion dollar boondoggle.