Rally organizer Nathan Cox says Fed needs looked at
Examiner Interview Exclusive with Nathan Cox of Campaign for Liberty
This weekend has seen rallies nation-wide organized by Tea Party groups along with the Campaign for Liberty in an effort to raise awareness of the Federal Reserve’s practices and policies.
“Audit the Fed” and “End the Fed” protests have taken place coast to coast just two short weeks following the seminal mid- terms showing the new Republican majority that their conservative kinfolk are not just thinking about preparing Thanksgiving dinner now they have flipped the House.
Nathan Cox, a senior organizer and activist with the Campaign for Liberty, in an exclusive interview with The Examiner. says he feels strongly that if the Fed gets audited and becomes transparent then that will be its timely demise.
“We have no idea who they are funneling money to; which countries and banks they have ‘bailed out’ and we would not have a National Debt of over $13 trillion if it wasn’t for the Federal Reserve printing press.”
“Without the Fed we couldn’t finance the un-Constitutional wars we are in now and have been in the past. The Federal Reserve should NOT have a monopoly over the money supply and by endlessly printing money which causes inflation and devalues our dollar, which as Ron Paul says is a ‘hidden tax’ and THAT is why we have to audit the Fed. We need to end the Fed because our Founding Fathers warned us and, for good reason, about central banking and fiat (paper) money.
“You cannot centrally plan an economy. You just can’t! You cannot fix prices and adjust and fix interest rates and so on without creating an artificial market,” said Cox.
The rallies are to raise public awareness of the Bill before Congress to audit the Federal Reserve banking system. A Rasmussen Reports survey indicates that 75% favor an audit of the Federal Reserve and publicly reporting results of this audit.
Congressman Dr. Ron Paul (R) of Texas who has been instrumental in bringing the policies and practices of the Federal Reserve to public attention says the Fed is “the chief culprit behind the economic crisis.”
[The Federal Reserve’s] unchecked power to create endless amount of money out of thin air and brought us the booma nd bust cycle and causes one finanacial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of it’s value, ” says Congressman Paul who is virtually a vertible hero to the libertarian movement amongst young people known as the “Ron Paul Revolution.”
Nathan Cox, a Ron Paul supporter, is an ardent and tireless activist for what he calls “liberty.”
“The last protest we had in Richmond, last November, it rained and he had 2 dozen people come out, in the rain! Friday, the weather was beautiful and 70 or so people come out.”
The protests continue. As does Ron Paul.
In early November, Representative Ron Paul said he will push to examine the Federal Reserve’s monetary policy decisions if he takes control of the congressional subcommittee that oversees the central bank as expected in January.
“I think they’re way too independent. They just shouldn’t have this power,” Paul, a longtime Fed critic, said in an interview with Reuters. “Up until recently it has been modest but now it’s totally out of control.”
Paul is currently the top Republican on the House of Representatives subcommittee that oversees domestic monetary policy, and is likely to head the panel when Republicans take control of the chamber in January.
That could create a giant headache for the Fed, which earlier this year fended off an effort headed by Paul to open up its internal deliberations on interest rates and monetary easing to congressional scrutiny.
Paul, who has written a book called “End the Fed,” has been a fierce critic of the central bank’s efforts to boost the economy through monetary policy.
Nathan Cox and his colleagues at the Campaign for Liberty look to be busy in the New Year.