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Letter
 
Federal Reserve needs an audit
Howard L. Wilson, Andover
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September 03, 2009 - 12:00 am

As the dollar sinks into oblivion, driven there by the Federal Reserve system's policies of "easy money" gifted to banks and business, on orders from both George W. Bush and Barack Obama, you can see the side effects of such policies everywhere you look.

For instance, there are individuals with piles of hardwood logs in their yard or piles of freshly delivered cut/split firewood. They may have never burnt wood before, or even used a chain saw, yet they are doing so for one simple reason: Money is worthless, as exemplified by the rising costs of the alternative fuel: oil and or bottle gas. Or gas bought at the pump.

This is further indicated by the numbers of new gardens put in this year by people hoping to offset some of what otherwise would be purchased at a grocery store with the less-valued money printed wholesale by the Federal Reserve system.

Support for HR 1207, as originated by Rep. Ron Paul, has grown to 279 co-sponsors, seeking an audit of the Federal Reserve system, and 20-plus in the U.S. Senate, with S.604. But not the two senators who are supposed to represent the people from New Hampshire.

HOWARD L. WILSON

Andover






 

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