this is the second time i have submitted this proposal. is the obama administration afraid to post this? the federal reserve is unconstitutional. it created both the current depression, and the depression of the 1930's. it took the federal government 230 years to run up a deficit of 14.4 trillion dollars. it took the federal reserve just THREE YEARS, from 2008-2011 to run up a deficit of 16 trillion dollars, all in secret, with no congressional oversite and no taxpayer input or even awareness of the MASSIVE new deficits taxpayers are now responsible for. a common slogan of the revolutionary war was"no taxation without representation." it seems like the taxpayer is in the same boat today. the federal reserve has failed to achieve its mandates.
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