[Congressional Record Volume 168, Number 148 (Wednesday, September 14, 2022)]
[House]
[Page H7794]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              FEDERAL RESERVE REPEATS CYCLE OF CORRUPTION

  The SPEAKER pro tempore. The Chair recognizes the gentleman from 
North Carolina (Mr. Cawthorn) for 5 minutes.
  Mr. CAWTHORN. Madam Speaker, what do you call a group of unelected, 
unethical, power-hungry bureaucrats making policy decisions? In many 
countries, we would call them an oligarchy. In the United States, 
though, we call them the Federal Reserve, which is funny because the 
Federal Reserve has no reserves, and they are absolutely not part of 
the Federal Government.
  For decades now, the Federal Reserve has diluted the purchasing power 
of the U.S. dollar, decimated private industry, and divvied up the 
hard-won earnings of U.S. citizens amongst corrupt power brokers in 
Washington and Wall Street.
  Let me be clear: Inflation is, at its root, a monetary fraud, and the 
Federal Reserve is the biggest counterfeiting operation in American 
history. This isn't a debate. At this point in our history, it is 
really no longer even a discussion.
  Decade after decade, the Federal Reserve has repeated the same cycle 
of corruption and destroyed our economy in the process. The Federal 
Reserve buys bonds from the government, printing dollars to finance 
these purchases. Then they deceive us into accepting this newly printed 
and inflated paper as currency by making its new dollars look like real 
currency. This is the very essence of counterfeiting.
  The Great Depression of the 1930s, the great inflation of the 1970s, 
the 2008 recession, and now the 2022 recession were caused in full, or 
in part, by the greatest currency fraud operation ever attempted, aided 
and abetted by this hallowed institution, and built on the broken backs 
and fractured families of millions of American citizens.
  Madam Speaker, former President Garfield was right when he said 
whoever controls the volume of currency and money in any country is 
absolute master of all industry and commerce.
  To the American people, I say that your master is not decided at the 
ballot box. It is not decided in public debate or open dialogue. You 
didn't vote for the person who controls your life. They would never let 
you.
  Your master is the machine of Federal finance that, in the name of 
quantitative easing, stripped your right to property ownership away 
from you, turned your existence into a groveling attempt just to get 
by, and sucked every last drop of autonomy from the shriveled husk of 
what used to be a vibrant and prosperous Nation.

  You didn't vote for the Chair of the Federal Reserve. You didn't vote 
for 9 percent inflation. But you can absolutely vote for people who are 
willing to destroy it and give the power back to the people.
  The SPEAKER pro tempore. Members are reminded to direct their remarks 
to the Chair.

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