Fed gutting republic

One of the most powerful pronouncements in our Declaration of Independence states, in part, “That whenever any form of government becomes destructive of these ends it is the Right of the People to alter or abolish it.” Consider these words as the unelected and unaccounted oligarchs at the Federal Reserve accelerate the fiscal evisceration of our republic through QE2, or quantitative easing. This made possible through the abdication of constitutional duties by the two elective branches of government with the acquiescence of the third.

QE2 is another massive injection of unsecured monies into the economy with the specific intent to provoke an inflationary cycle, thereby, in theory, degrading existing federal debt. It is also intentionally destructive to most of the American people. All federal monetary assets personally held or earned are being devalued while escalating prices on necessities inflict further damage, all by design.

The underlying problems have been a long time coming and are easily assignable to the bipartisan disregard for the limited and defined powers demanded in the Constitution.

This last election was a very clear message that the government must “alter” its destructive policies or the second prescribed option to “abolish” must be considered.

Gary Warren

Spokane