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August 22, 2014

The Federal Reserve’s Inflation Lie

I told Congress to co-sponsor the Free Competition in Currency Act (HR 77) through DownsizeDC.org.

 

Please do the same. You may borrow from or copy this letter…

 

The Federal Reserve claims inflation was just 1.6% in June.

 

Is this a lie? Compared to a year ago…

 

* food prices are up 2.5%…

* gas prices are up 3.5%…

* while weekly earnings remain the same (http://bit.ly/VuLbqx).

 

That's not all. Producers resort to…

 

* smaller packaging at the same price

* diluting products with cheaper ingredients (http://on.mktw.net/1AmqfSp).

 

The Fed's money monopoly is the cause. By pumping new dollars into the economy, their value decreases while prices increase. Low-income earners suffer the most.

 

And I DO NOT CONSENT!

 

Make it easier to use “inflation-proof” money. Co-sponsor and pass the Free Competition in Currency Act, which will…

 

* break the federal government's monopoly over the money supply and coin production

* prohibit taxes on precious metal coins and bullion

 

Competition will discourage the Fed from cheapening dollar. Inflation will virtually disappear.

 

If you have compassion for working people, pass HR 77

 

I'll be watching what you do.

 

–END OF LETTER–

 

Send your letter using DownsizeDC.org's Educate the Powerful System.

 

And there's one more powerful thing you can do to advance the Free Competition in Currency Act.

 

After you've sent your letter, you can use our Tell-A-Friend system or you'll receive an email, with a copy of your letter. Use either method to share this bill with friends.

 

  • Encourage them to join you in writing Congress

  • Tell them it's free

  • Tell them how simple it is, especially after they've registered the first time

 

Thank you for being a DC Downsizer,

 

James Wilson

Policy Research Director

DownsizeDC.org, Inc.

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