Melissa Martin, Ph.D.

Op-Ed: Is the Federal Reserve the Financial Elephant in the Room?

Op-Ed by Melissa Martin, Ph.D.

A mammoth elephant continues to stomp around in the sovereign nation of the USA and beyond. This creature bellows and challenges anyone that dares to disagree. It is comfortable in the Oval Office and the Halls of Congress while sticking its middle finger up in the sacred places of justice and liberty for all. Our Constitution is mocked as autocrats destroy and devastate the economy over and over and over – the end goal being a global empire with the wealthy at the top of the power pyramid and the rest of us at the bottom.

But what happens to those who dare criticize its dastardly deception? From President Woodrow Wilson to President Joe Biden – the Federal Reserve continues to hold our country and our economy hostage.

Recently, I’ve read articles, opinions, books; watched documentaries; communicated with other patriots concerning the Federal Reserve System, and sent emails to state representatives. My mind is boggled and my soul is stricken with grief as the betrayal settles into my bones. Why have I been so naïve, so gullible – so into my own life of dreams, goals, and problems? Decades of American weasels in American banks by a covert cabal of calamity – I had no clue. Furthermore, I am neither on the side of Democrats nor Republicans – but the side of economic liberty.

A sincere salute to our elected officials and concerned citizens that have tried to garner support to monitor the insatiable elephant or to oust it.

Ron Paul, a former twelve-term congressman from Texas, wrote a 2009 book called “End the Fed.” What is it about? “In the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve.” Congressman Ron Paul's urgent appeal to citizens and officials explained how to fix America's economic policy for future generations.

In 2012, the House of Representatives approved Ron Paul’s bill to increase the transparency of the Federal Reserve. With bipartisan support, the measure passed 327-98. The Senate rejected it by 53-44. Sixty votes were needed to move forward.

Congressman Thomas Massie (KY) introduced Audit the Fed, H.R. 24, in the 114th Congress on January 6, 2015, on January 3, 2017 in the 115th Congress, and on January 3, 2019 in the 116th Congress.

The Senate held a stand-alone vote on Audit the Fed, S.2232 on January 12, 2016. The bill failed to reach cloture by a vote of 53-44, a largely party-line vote. Senator Rand Paul (KY) introduced Audit the Fed, S.16, on January 3, 2017. On January 16, 2019, Sen. Paul introduced S.148.

Hmmm. Federal Reserve Chairwoman Janet Yellen is opposed to the bill of transparency. According to the Federal Reserve website, “Is the Federal Reserve accountable to anyone? Yes, the Federal Reserve is accountable to the public and the U.S. Congress. The Fed believes transparency is a fundamental principle of central banking that supports accountability.” Visit

Sounds a lot like gaslighting to me. Hmmm. The financial elephant in the White House is still alive and well in 2022 – and does whatever it wants to do with power run amuck. Why not submit to audit oversights by congress, unless there is something to hide?

“The Federal Reserve should be abolished because it is immoral, unconstitutional, impractical, promotes bad economics and undermines liberty,” proclaimed Ron Paul.

More questions: Is the Federal Reserve in the elephant club with The World Bank? The International Money Fund? Other mega banks in countries around the world?

Citizens, what say you? Write a Letter to the Editor of your local newspaper and voice your opinion on social media. Contact your state representatives. Stand up for economic liberty to confront the mega financial elephant.

Melissa Martin, Ph.D., is a syndicated opinion-editorial columnist. She lives in the Tri-State area of OH, KY, WV.


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