Federal Reserve to Gain More Power

While the movement to Audit the Fed had grown by leaps and bounds, there is still more work to be done. Until we can get H.R. 1207 passed in the House and Senate the Federal Reserve will continue to expand their power over the American people.

From the Washington Times:

The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration’s regulatory overhaul plan.

The final plan due to be released on Wednesday — which originally aimed to streamline and consolidate banking and securities regulation in one or two agencies — now is expected to sidestep most jurisdictional disputes and simply impose across the board standards to be applied by all financial regulators, according to administration and industry sources.

They are going to have the right to walk in to a private sector company and take them over. This is not free markets, this is nationalization of the private sector.

How is a business to operate while fearing the Feds coming in and dictating how they conduct business. Our government is growing so big that we will soon collapse into the dark cloud of Communism.

Pressure you representatives to demand our Freedom’s and Liberties. Support H.R. 1207!

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