A Letter To Congress From a Citizen

Dear Senator,

Just yesterday I watched Senator Dodd make the rounds on the morning talk shows discussing his newly introduced “Regulatory Reform Legislation”. Once AGAIN, it appears the American Tax Payer is going to be Bamboozled into thinking that Congress is really looking out for their best interest. I Swear to God – DO YOU PEOPLE HAVE NO SHAME? Senator Dodd, when asked about “Stripping Authority From The Fed", responded, and I paraphrase, what I am trying to accomplish is to put things back the way they should be. The bill is not meant to be punitive against the FED, but if we start trying to limit the “Independence” of the FED by conducting audits, that would not be good for the system!! WHAT A SELL OUT!! THE SYSTEM IS PRECISELY AT THE ROOT OF THE PROBLEM! I am so sick of the way this Congress is conducting their business I can barely put it into words. This Congress is so utterly bought and paid for it is absolutely disgusting.

According to Elizabeth Gregory, head of the Congressional Oversight for TARP, the FED has conducted over 12 TRILLION Dollars of off balance Sheet Transactions, and REFUSES to disclose where the money went to or what it was used for! My question is – WHY the hell is the American Public, Tax Payers, not allowed to know where 12 Trillion of its dollars have gone? The dollar has lost over 15% of its value this year alone! WHY? Because the FED and its reckless policy of printing dollars to pump into Wall Street Banks! The FED is now the single largest Purchaser of U.S. Treasuries. WHY? Because the rest of the world no longer wants to buy our debt because there is too much of it being issued with little chance of some sort of default, either outright, or de facto. The rest of the world is now talking seriously about replacing the U.S. Dollar as the worlds reserve currency, and OPEC is not just talking about pricing oil in other currencies but taking steps to do so, ON YOUR WATCH! WHY? Because the dollar is being intentionally destroyed and devalued by the FED on behalf of Wall Street banks. Talk in the trading community is that the “Paper” market for gold and silver are sitting ducks to manipulation and implosion. WHY? Because the FED has leased out more gold and silver than exists, or has ever been mined in the history of civilization. The FACT of the matter is, if the FED held itself to the same capital requirements they are supposed to hold other banks to – the FED would be declared INSOLVENT and be shut down!

So here we are, with Senator Dodd, a legislator utterly beholden to the banking industry, about to introduce legislation to regulate the industry all in the name of "Consumer Protection"! BULLSHIT!! I have had enough. Goldman Sachs is going to be paying record bonuses this year, along with other Wall Street Firms most of whom received bailout money less than 18 months ago. Most, if not all of these firms would have gone out of business had it not been for the Tax Payer being FORCED AGAINST THEIR WILLS to bail them out! Now while the country has a REAL Unemployment rate of 18 – 20%, these firms are paying their “Average Employee” over $750,000.00 in BONUS! How do these firms generate this much money to be able to pay for such bonuses – PROPRIETARY TRADING! Over 90% of their profits are generated through Trading The Stock Market. That is wonderful, but it gets better! All of these firms have computers that actually intercept orders and front run them (FLASH TRADING) which generates a profit of 1 -2 cents for every share that is traded on the New York Stock Exchange. It is a sure thing. Last quarter, Goldman Sachs had ONE LOSING TRADE - ONE!! Out of hundreds of thousands of trades, they had ONE Loser, a winning trade percentage of 99.993%!!! And who pays, the individuals who invest in Mutual funds, Retirement Accounts, Pension Funds! Yes, those are the orders that are being front run. It Is Stealing Pure and Simple! This trading practice alone was able to generate Goldman Sachs over 100 Million Dollars a DAY on 53 different days LAST QUARTER!

I could go on and on providing examples of how the SEC, FDIC, the FED, and other regulatory agencies are completely corrupt. If congress wants to get SERIOUS about “ Regulatory Reform” and “Consumer Protection”, why don’t they listen to WE THE PEOPLE? Oh Yeah – I forgot, because we are only the poor bastards footing the bill for the government corruption that has totally overtaken Washington. Well I have news – WE THE PEOPLE have just about had our limit. If you cannot sense the ANGER that exists out here in REAL AMERICA, or if you continue to ignore it, you do so at your Own Peril! I only HOPE that it is resolved in a peaceful manner by voting all incumbents out of office, but I am SERIOUSLY beginning to believe that the country will not be so fortunate.