Gemini846 (89.49)

Dear Mr President (and Senators and House reps).

March 19, 2009 – Comments (2) | RELATED TICKERS: PST

Please voice your opinion not only here but by writing your elected officials.  I use congress.org for much of my correspondance.

I am a Patriot. I hope you love our country as much as I do. I value a land where opportunity for everyone is what made us a great nation. Sometimes after a period of national excess there is a contraction. It is a natural cycle of boom and bust that cannot be stopped by any amount of government intervention. If you disagree I ask you to look at history which argues with me.

Government intervention, especially in the banking sector, has caused more harm than good in every financial crisis we've ever faced as a nation. The latest act of the Federal Reserve (buying 1T in treasury bills) devalues our nation’s wealth by that much or more.

It angers our rivals abroad, it angers our citizens. It raises our costs, restricts our buying power and steals our freedom. The worst part is that the Fed and its cronies do not answer to us or to you. In 1913 congress ceded its control of our nation's wealth to this private bank satisfying their lust for power. Now they control us.

In a pre-depression world crisis were stemmed by absolving the national bank and returning to some form of standard that isn't so easy to inflate (it doesn't have to be gold). These proposals have been floating around at least in the house since before this crisis began but they fell on deaf ears. Please support proposals to audit the federal reserve and to return the power to print money to congress where the people are represented.