It's been a while since you've heard from me on politics. One of Mark's (and my) favorite places to get information is Mish Shedlock's blog Global Economic Trend Analysis. About a week ago he posted this video explaining the Federal Reserve's Quantitative Easing Part 2 and I've been meaning to share it here ever since... A small warning/apology first: a certain (sh) swear word is used twice.
If you didn't get it before, maybe you understand a little more now why Mark (and I) got so fired up about politics in recent years. Better than banging your head! It is absolutely shameful that Ron Paul's Audit the Fed bill was squelched in Congress this past session. Mish has done more posts about the QE2, of course - like this one referring to a Wall Street Journal article. It is nothing short of amazing to me that the general populous isn't up in arms over this. Even the liberal Economist reports the move as "reckless" according to many countries and the IMF.
If you are interested in learning more about the Federal Reserve, you may want to read None Dare Call It a Conspiracy. President Ezra Taft Benson strongly recommended that book during a CES devotional. There's also a lengthy tome published by the John Birch Society titled The Creature from Jekyll Island, and Ron Paul's most recent book, End the Fed.
But here's an even quicker and easier thing you can do: Contact your representatives! Send your Senator and Congressman an email stating your concern over the Fed's handling of the economy and encourage them to pass a bill that will thoroughly audit the Fed and hold Ben Bernanke accountable.
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