Wednesday, May 30, 2012

House to Vote on Ron Paul Bill to Audit the Federal Reserve

House to Vote on Ron Paul Bill to Audit the Federal Reserve

GOP leadership in the House of Representatives announced that legislation to thoroughly audit the secretive Federal Reserve, a wildly popular measure pushed by Rep. Ron Paul (R-Texas) for decades, will come up for a floor vote in July. Honest-money advocates and pro-transparency activists celebrated the news as a historic opportunity to rein in the central bank, which has come under heavy fire — especially in recent years — for debasing the U.S. dollar, manipulating markets, and showering big banks with trillions in bailouts.

The legislation, H.R. 459, already has over 225 co-sponsors in the House including an impressive roster of senior Democrats and Republicans, some of whom chair important committees. In the Senate, however, a similar bill has only about 20 co-sponsors so far, forcing Audit-the-Fed activists to wage a massive campaign aimed at exposing Senators who refuse to support transparency at the shadowy central bank. Polls in recent years revealed that four out of five Americans support auditing the Fed.

4 comments:

  1. Auditing the Fed is akin to rearranging deck chairs on the Titanic in my opinion. If they were talking about abolishing the Fed, and the fiat money system, then I might get excited.

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  2. :) Though the results of a thorough audit would probably be so devastating that it might well get closed.

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  3. It'll never happen anyway. It's an election year, it's all talk.
    There are too many traitors that would go down with the Fed if all were exposed, they won't let it happen.
    Miss V

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  4. There are too many traitors that would go down with the Fed if all were exposed,

    I can still hope.:)

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