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2024-08-19 02:32:08

Joker on Nostr: Representative Thomas Massie (R-KY) Introduces Federal Reserve Board Abolition Act To ...

Representative Thomas Massie (R-KY) Introduces Federal Reserve Board Abolition Act To “End The Fed” H.R. 8421 #GotBitcoin #bitcoinfixesthis

“Americans are suffering under crippling inflation, and the Federal Reserve is to blame,” said Rep. Massie. “During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today.”

Rep. Massie’s legislation abolishes the Board of Governors of the Federal Reserve and the Federal Reserve banks. It also repeals the Federal Reserve Act, the 1913 law that created the Federal Reserve System.

Contact: massie.press@mail.house.gov
Contact #: 202-225-3465

Remainder Of The Article: The Fed Loses Money For The First Time In 107 Years – Why It Matters: https://dpl-surveillance-equipment.com/economics-and-finance/the-fed-loses-money-for-the-first-time-in-107-years-why-it-matters-gotbitcoin/
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