Calen Fretts for U.S. House of Representatives, FL

Read up about Calen here: FrettsforCongress.com.

You’ll find Calen’s Meetup page here!

Go here to support Calen’s Liberty run for office!

Facebook: Calen’s Facebook page here!

Calen answers the Liberty Candidate questions below:

I) Re. the U.S. Financial System:
1. What is your view of the monetary system in the U.S. today?

The Federal Reserve, more commonly known as “The Fed”, is the central banking system of the United States. As the common saying among sound money endorsers goes, The Fed is “no more ‘federal’ than Federal Express”. It is in actuality a quasi-federal cartel of private banksters and federal bureaucrats which centrally dictate United States economic policy with no oversight, transparency, or accountability; in fact, it has never been audited in its entire existence. The Fed claims one of its primary objectives is to control inflation, but in fact, the purchasing power of the dollar has decreased by more than 95% since its initiation, and the US has seen a number of recessionary and depressionary periods.

US dollars, more accurately called Federal Reserve Notes, are fiat money; that is, money backed by nothing of intrinsic value, traditionally such as gold or silver. For this reason, The Fed can engage in a little-understood but extremely detrimental act known as quantitative easing (QE). QE is, simply, the printing (or digital creation) of new (but worthless) money (also known as “expanding the money supply”), and is tantamount to legalized counterfeiting. This has the effect of decreasing the value of all other money in circulation, essentially stealing from your savings.

To counteract this criminal enterprise, the US must drastically reform its monetary policy. We must Audit the Fed and determine exactly where our money has been going for decades. We must return to a system of sound money, backed by a valuable asset like gold or silver.

Continue reading ›