It’s Happening: Congress To Vote on ‘End the Fed’ Bill To Abolish Federal Reserve

It’s Happening: Congress To Vote on ‘End the Fed’ Bill To Abolish Federal Reserve

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by Sean Adl-Tabatabai, The Peoples Voice:

 

U.S. lawmakers are preparing to vote on a proposed bill that would dismantle the Federal Reserve system and reinstate a gold-backed currency in the United States.

Republican Senator Mike Lee unveiled Rep. Thomas Massie’s (R-Ky.) proposed “Federal Reserve Board Abolition Act” in a post on X Wednesday, calling for a one-year wind-down of the Fed’s Board of Governors and its numerous Federal Reserve banks, widely blamed for the US dollar’s decline, inflation, and the national debt spiral.

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Infowars.com reports: “Feeling dangerous… I think I’ll take a page from @RonPaul and get together with my friend @RepThomasMassie to END THE FED,” Lee wrote.

Lee’s support for the proposal comes as Rep. Massie introduced the “End the Fed” bill last March, arguing the Fed had to be abolished to save the nation from runaway inflation.

“Americans are suffering under crippling inflation, and the Federal Reserve is to blame,” Rep. Massie wrote at the time. “During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending. By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today.”

President Donald Trump’s Department of Government Efficiency lead, Elon Musk, has also expressed interest in dismantling the Fed, or replacing board members with fiscally conservative leaders who would institute audits and reforms.

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Originally Posted at https://www.sgtreport.com