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Fed audit deserves OK

The Spokesman-Review

Currently our economy is in a shambles, national debt is astronomical and our nation is without means to pay back the debt, let alone the associated interest. This has been part of a plan by the bankers for years.

The Federal Reserve Act essentially made our nation responsible for all debts incurred by the bankers. The many recessions in the past have all been the result of Fed money manipulation. We have both Congress and the Fed blaming each other for the problems, and We the People sit in the middle.

Last night, the news announced that the Senate blocked a bid to audit the Fed. And yet Ron Paul’s Federal Reserve Transparency Act in the House now has 251 sponsors. What is going on? In spite of dire warnings by Chairman Bernanke, why won’t the Senate go along with an audit?

We also have found that of all the stimulus money dispensed, only 7 percent has been allocated to infrastructure projects. The remaining went to Medicaid payments and balancing the states’ finances. This is similar to the bankers’ bailout last fall where the money went to enhancing the balance sheets instead of commercial loans.

Got stimulus yet?

Mark Liptrap

Spokane

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