Audit the Federal Reserve | Newt Gingrich

Newt 2012
Dear James Pat,

In a speech this morning in Atlanta, I called for the repeal of the Dodd-Frank legislation and dramatic reforms in the operation of the Federal Reserve, starting with a full-scale audit of its activities.

During the 2008 financial crisis, the Federal Reserve made thousands of loans to banks and other large institutions for reasons that aren’t entirely clear. These loans totaled at least three trillion dollars and exposed the American taxpayer to potentially enormous financial liability for losses.

Because such decisions of the Federal Reserve affect the value and stability of the dollar, and therefore the life and livelihood of every American, we have every right to ask – who got the money?

If you agree, please take a moment to watch our video laying out our "Who Got the Money?" proposal below, and sign our petition in support of a full-scale audit of the Federal Reserve.

Watch Video

At a time when a dollar today only has 76% of the value it did 10 years ago, it’s vital that Congress return the Federal Reserve to a sole focus on its original mandate – protect the value of the dollar – in order to protect every American from the hidden tax of inflation.

The Fed should not be handing out money and picking winners and losers.

The Fed should not be printing money out of thin air in an effort to create inflation.

If we are to grow our economy, get people back to work, and create the conditions for long term economic growth, the American people must know that they are safe from the Federal Reserve degrading the value of the dollar and increasing our cost of living.

I hope you’ll take a moment to watch our video laying out this proposal, sign our petition, and share it with your friends.

Your friend,

Newt 2012


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