Protesters want to eliminate the Federal Reserve
Small groups of protesters demonstrated outside the offices of the 12 Federal Reserve Banks on Saturday; the rallies were organized by a group called End the Fed. In Minneapolis, about 100 people protested, according to this report, and YouTube video of a rally in Detroit, which has a branch of the Chicago bank, shows about two dozen people protesting. Click here for more coverage of the protests.
Many of the protesters are supporters of U.S. Rep. Ron Paul, who ran for president. Rep. Paul is sponsoring H.R. 833, which would abolish the Federal Reserve, and H.R. 1207, which would require the General Accountability Office to conduct an audit of the Federal Reserve. Many of the protesters blame the current economic crisis on the Federal Reserve.
Of course, the Federal Reserve isn’t going anywhere, but it is very interesting to see where people are wiling to pour their energies when it comes to protesting. These protesters clearly are concerned about the direction of the country.
[...] Rep. Ron Paul to give the General Accounting Office authority to audit the Federal Reserve. When I first wrote about this idea, I didn’t think it had any chance of advancing. Apparently the Fed has been [...]
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