The Fed is the problem that causes inflation

To the editor:

Listening to sportscasters talk over the radio this morning complaining about the New England Patriots raising their season ticket prices, they made the point "that all prices are going up." With all due respect to the honor that should be placed on your office, as your constituent, I take issue with you all about this "widely accepted lie" that covers our chronic perverted monetary system which is sick with inflation caused by the Federal Reserve that has been given license to inflate our money supply since its inception in 1913. These sportscaster have swallowed this lie "hook line and sinker."

Congress set the precedent initiating the Federal Reserve Act in 1913 into law. The majority of every Congress since has accepted this lie as having constitutional authorization. Today's Federal Reserve note has no precious metal backing and only has value as legal tender for debt because "it's the law." Congressman Thomas Massie of Kentucky now has 50 cosponsors of his bill HR 24 to audit the Federal Reserve that mostly operates in secret. Article VI labels "All laws not made in pursuance of the Constitution as null and void." This includes the Federal Reserve that was not made in pursuance of the Constitution.

This is not a Democrat or Republican issue. It is corruption that steals the value of the wealth of the American people. Both parties, I think it is safe to assume, do not condone stealing when they are the victim. The "lie" is that "prices are going up." What you buy, yes increases in cost, but this deception hides the fact that the value of the dollar is going down because the Federal Reserve continues to print more dollars. It takes more to buy the same value. They call it a nice sounding name, "Quantitative Easing."

In 2010, a congressionally-mandated partial audit of the Federal Reserve was conducted. This was highly revealing that demands further and greater transparency to expose further corruption. It's a good bet that we have seen only the "tip of the Iceberg." Now, please push for greater transparency by mandating a full audit. We the People must be given the facts, for it is our money that is being stolen through the "inflation process." It is our decision to make. You represent the people. I demand that The Federal Reserve, more accurately called the "generational theft machine", should ultimately be abolished. I urge all victims of this theft to support HR 24.

- Russell Payne,

Merrimack