June 11

Audit The Fed, pt. 3! … then ABOLISH it!

previously I have made posts on HR 1207: Federal Reserve Transparency Act of 2009 [GT] [OC] and S 604: Federal Reserve Sunshine Act of 2009 [GT] [OC], “To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.”

HR 1207 now has over 200 cosponsors (208 as of today)! it is also getting lots of well-deserved attention in the news. here’s one: Ron Paul’s Audit the Fed Bill Hits 207 Co-Sponsors House Minority Leader Boehner joins bi-partisan coalition supporting Federal Reserve transparency.

The Fed is literally a conglomeration of private banks which loans money at interest to the American people, for its own profit. it has the power to flood or drain the economy’s money supply. it has recently bailed out numerous special interests (which it won’t name, even to Congressional oversight committees) with billions more of our taxpayer money. it has recently hired a lobbyist to combat the Audit The Fed movement, because it knows that once we find out how it has been mishandling our money they will all be out of jobs and hopefully behind bars for treason.

there are also these other Congress bills acting on The Fed. HR 1348: Federal Reserve Sunshine Act [GT] [OC], and S 513: Federal Reserve Transparency Act [GT] [OC], “To require the Board of Governors of the Federal Reserve System to publish information on financial assistance provided to various entities, and for other purposes.”

HR 833: Federal Reserve Board Abolition Act [GT] [OC], “To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.” now, I don’t think the majority of the people understand the significance of these bills. these are historical.. these are Andrew Jackson-esque! why is this bill important? Fed Would Be Shut Down If It Were Audited, Expert Says.

keep the heat on. keep contacting your Representatives and urging them to support these bills, using the techniques I described in the first two posts, linked in the first paragraph above. and if they won’t, vote them out! there is no reason to keep the Congress from having monetary oversight over We The People’s money; the Constitution specifically grants Congress with this power, and so any Representatives against this bill are in direct violation of their sworn oath. I end this post, as many others, with some insight from the old men with psychic powers:

If the People only understood the rank injustice of our money and banking system there would be a revolution before morning!
– Andrew Jackson

If the American People ever allow the banks to control the issuance of their currency, first by inflation and then by deflation, the banks, and corporations that grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. I sincerely believe the banking institutions, having the issuing power of money, are more dangerous to liberty than standing armies! Already they have set up a monetary aristocracy that has the government at defiance. The issuing power [of currency] should be taken from the banks and restored to Congress and to the People, to whom it belongs!
– Thomas Jefferson

Your republic will be as fearfully plundered and laid waste by barbarians in the twentieth century as the Roman Empire was in the fifth; with this difference; that the Huns and Vandals who ravaged the Roman Empire came from without and your Huns and Vandals will have been engendered within your own country, by your own institutions.
– Thomas B. Macaulay


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Posted June 11, 2009 by calenfretts in category "economy", "politics