Congressman,
Earlier I sent you a note asking you to end the Federal reserve. With the new situation this weekend, I must demand that you DO NOT let Paulson's 700 billion bailout bill pass.
There is no valid reason why the Federal Reserve should be given the unimpeded right to dip their hands in the public coffers and empty it to bail out big corporations.
The USA is already trillions of dollars in debt from Iraq, and now another trillion of taxpayer money is being earmarked to line the pockets of the bankers boarding the Fed's lifeboats. What about the people? This will severely hurt the middle and working classes. Paulson's bill will leave them all on the sinking ship of the US economy while the big corporations in their little government-sanctioned lifeboats float away out of danger, watching the ship go under.
There's no way a trillion dollars can be rounded up without printing more fiat money. And more fiat money coming from thin air leads to INFLATION. That is very bad news. Remember Weimar Germany? I always hoped it would never happen here, but that chilling possibility is looking at us right down the road.
I have already signed a national petition to let these companies go bankrupt, instead of bailing them out and granting the Federal Reserve complete control over our money outside the legal system.
Let the companies go bankrupt! Better they fail now and the market eventually corrects, than they fail utterly and completely next year despite bailout measures, bringing the specter of hyperinflation into reality.
Do not let the Federal Reserve take control of American taxpayers' money.
As our representative, it is your responsibility to make it known that we the people do not agree with the plans being set to bail out the ailing companies. Should you fail in this, I will see to it that my vote this fall goes to Mr. Corden or Ms. Walters, and I will assuredly not be the only one that does so.
very sincerely
-signed
