FED..??? .... APA ITU..FED..?? BENARKAH USA DALAM MASALAH BESAR...??? KONON MASALAH POLITIK DAN KEUANGAN PEMERINTAHAN AS DALAM MASALAH BESAR... DAN TERNYATA SELAMA 100 TAHUN PARA POLITISI AMERIKA TELAH MENGKHIANATI UUD NEGARANYA SENDIRI... DAN DIKUASAI OLEH KARTEL2 SWASTA... YANG MENYENGSARAKAN RAKYAT DAN BANGSA AMERIKA SENDIRI..??>> BENARKAH.. ITU..??>>> Federal Reserve works..... 1) The Federal Reserve sells the bonds at an open auction. 2) The Federal Reserve Banks around the country buys up most of the Bonds at an open auction. 3) The Treasury Dept. spends all the newly printed bond money. 4) Then at some point in the future all the new bond money will end up as deposits in some ones Bank Account. 5) The Federal Reserve gives all the banks nine dollars for every newly deposited one dollar as a GIFT....>>> ..1) Federal Reserve menjual obligasi pada lelang terbuka. 2) Bank2 Federal Reserve di seluruh negeri membeli sebagian dari Obligasi pada lelang terbuka. 3) Dept. Treasury menghabiskan semua uang obligasi baru yang dicetak. 4) Kemudian di beberapa titik di masa depan semua uang obligasi baru akan berakhir sebagai deposito di beberapa Rekening Bank tertentu. 5) Federal Reserve memberikan semua bank sembilan dolar untuk setiap satu dolar yang baru disimpan sebagai suatu GIFT...>> ..Federal Reserve adalah sistem moneter sangat pemurah/ kekasih yang di setup untuk memasok Pemerintah Federal dengan jumlah uang yang tak terbatas itu ingin menghabiskan tanpa memerlukan Pemerintah Federal untuk meningkatkan Pajak pada masyarakat/ rakyat . Ketika Pemerintah Federal membutuhkan uang itu, maka hanya meningkatkan batas hutang. Kemudian Federal Reserve mencetak sampai sebesar Obligasi dan menjual nya semua pada lelang obligasi . Mereka tidak perlu khawatir tentang tidak terjualnya obligasi itu karena Bank Federal Reserve akan masuk dan membeli seluruh obligasi yang tidak terjual. Tujuannya hanya untuk mengumpulkan Dividen obligasi. Sekarang di beberapa titik waktu di masa depan semua uang baru ini dicetak dan akan disimpan di salah satu Bank Federal Reserve dalam system keuangan mereka. The Federal Reserve System menggunakan apa yang disebut " Fractional Reserve Banking System " ...>>> ..Ini berarti bahwa Bank diperbolehkan untuk pinjaman atau menghabiskan Sembilan Ekstra Dolar untuk setiap satu dolar yang diadakan di deposito. Tambahan sembilan dolar ini diberikan kepada bank-bank bukan sebagai PINJAMAN tetapi sebagai GIFT dan tidak memerlukan pembayaran. Mereka dapat menggunakan uang ini untuk memberikan pinjaman, untuk membeli obligasi federal dan berinvestasi di pasar saham atau menggunakan uang bank untuk membeli atau menjual jenis derivatif pasar saham yang mereka pilih...>> ..Itu berarti untuk setiap $ 1 triliun dolar Pemerintah Federal menghabiskan sebagai Defisit Pengeluaran Federal Reserve ( Bank sentral swasta yang dimiliki oleh non -Amerika ) akan berakhir mencetak tambahan $ 10 Triliun Dolar uang baru yang dicetak untuk dimasukkan ke dalam saku sendiri, ditambah pengisian American People bunga asli $ 1 Triliun pinjaman dolar kepada Pemerintah Federal. Tentu saja kita Rakyat Amerika diwajibkan untuk membayar bunga Federal Reserve pada uang yang baru dicetak ini dari Pajak Penghasilan yang dipotong ( IRS ) ...>> ...Lalu seolah-olah orang Amerika tidak sedang kacau cukup dengan ini kartel perbankan swasta yang disebut Federal Reserve selama 100 tahun terakhir. Kemudian pada tahun 1997 Presiden Bill Clinton dan di Kongres baik Demokrat maupun Republik mencabut Glass-Steagall. Hal ini memungkinkan para Bankir Internasional untuk berjudi dengan rekening perbankan deposito rakyat Amerika. Ini adalah penyebab sebenarnya dari Depresi Besar tahun 1929 dan juga lagi dengan Krisis Keuangan 2008 yang meruntuhkan Amerika membantu menempatkan kami dalam Depresi Kedua pada tahun 2008...>>> Amerika tidak pernah bisa pulih selama kita memiliki Federal Reserve sebagai Bank Sentral Swasta dan kita membiarkan Bankir Internasional berjudi dengan Rekening Deposito Bank masyarakat Amerika . Federal Reserve mencetak hingga $ 85,000,000,000 dolar setiap bulan untuk membeli kembali Obligasi Utang Nasional Amerika Palsu. Ini bukan inflasi itu an sich, karena mereka tidak meningkatkan pasokan uang. Mereka hanya memperdagangkan dolar yang baru dicetak untuk nilai dolar yang sama dari obligasi sehingga jumlah uang beredar tidak berubah ...>> ..Federal Reserve membeli obligasi ini kembali dari Bank Internasional besar yang memegang sebagian besar Utang Nasional Amerika Palsu. Federal Reserve mencetak uang baru untuk membeli kembali Utang Nasional PALSU ini kembali dari Bank Cabang2- nya . Tapi, di sinilah orang Amerika mendapatkan paku-duri yang nyata. Setiap kali uang yang baru dicetak akan diselenggarakan pada simpanan di bank . Berdasarkan peraturan yang mengatur Federal Reserve semua bank menggunakan apa yang Disebut " Fractional Sistem Perbankan Reserve" .)..>> Sistem ini memungkinkan semua bank untuk pinjaman atau menghabiskan hingga 10 kali jumlah semua dolar yang diadakan pada deposito di semua bank (ini adalah hal yang sama seperti pemalsuan ). Ini bukan pinjaman ke bank, tapi hadiah. Bank ini tidak diharuskan untuk membayar uang ini kembali. Ketika Pemerintah Federal memungkinkan semua bank ini untuk memalsu uang kita seperti ini, mereka menyebabkan inflasi, yang sebenarnya merupakan pajak dikenakan pada masyarakat karena membuat uang semua orang yang nilai-nya menjadi berkurang setiap tahun demi tahun. Ini adalah penyebab utama inflasi tahunan kami . Sebagai fakta-nya sejak Federal Reserve Act disahkan pada tahun 1913 dolar Amerika mengalami penurunan nilai sekitar 97% karena Central Banking System Kartel ini milik Swasta...>> Selama 100 tahun terakhir orang-orang Amerika telah membayar Triliunan Dolar untuk Bunga kepada Federal Reserve Banking System (Sistem Perbankan swasta yang dimiliki sepenuhnya oleh International Kartel Perbankan ) . Ditambah karena " Fraksi Reserve System Perbankan " mereka diizinkan untuk mencuri berdasarkan Utang Nasional Palsu sehingga kami berutang : $ 17 Triliun kali 10 = $ 170,000,000,000,000 Dolar selama 100 tahun terakhir . Thomas Jefferson Quotation ( 1776) : " Jika orang-orang Amerika pernah membiarkan bank swasta mengendalikan penerbitan uang mereka, pertama dengan inflasi, maka dengan deflasi, bank-bank dan perusahaan-perusahaan yang akan berkembang di sekitar mereka akan mencabut semua kekayaan rakyat, sampai anak-anak mereka bangun tunawisma di benua ayah mereka ditaklukkan . "..>>> Ini adalah apa yang Thomas Jefferson memperingatkan kita sekitar 237 tahun yang lalu , sehingga ketidaktahuan ada alasan dan semua ini Politisi federal harus diadili untuk Pengkhianatan oleh Pengadilan Rakyat America...>> Amerika adalah dalam masalah sangat besar dan di sini adalah apa yang akan saya lakukan untuk menyelesaikan segalanya : 1 ) Saya akan membangun kembali Glass- Steagall . 2 ) Saya akan menutup Federal Reserve- Bank Sentral Swasta . 3 ) Saya akan cancell semua Obligasi Utang Nasional Palsu Amerika Serikat yang diselenggarakan oleh Federal Reserve dan seluruh Bank Cabang mereka. 4 ) Saya akan menutup Dept. Internal Revenue Service karena ini hanya lengan koleksi/ penagih Federal Reserve untuk membayar bunga pada Utang Nasional palsu yang saya akan lakukan dengan cara yang sama seperti itu diciptakan/dibuat. 5 ) Saya akan memerlukan semua bank untuk menjatuhkan " Fractional Reserve Banking " dan membangun " 100 % Bank Sentral Nasional " . 6 ) Aku akan menempatkan Treasury Dept Amerika Serikat bertanggung jawab atas penciptaan semua uang Dolar yang diciptakan atau dicetak sebagaimana tercantum dalam Konstitusi Amerika Serikat . 7 ) Saya akan memberitahu Departemen Keuangan AS untuk mencetak cukup dolar dan membeli kembali seluruh Utang Nasional kita ( yang merupakan Obligasi tanpa bunga ) . Ini akan menempatkan kami benar-benar keluar dari hutang dan tidak diminta untuk membayar hampir $ 400 Miliar Dolar bunga per tahun pada Utang Nasional PALSU. Sistem Jaminan Sosial sekarang akan memiliki $ US $ 2,6 triliun uang tunai di rekening bank swasta . 8 ) Saya akan luluskan Amandemen Konstitusi Amerika Serikat yang menyatakan " siapa pun yang mencoba untuk men-setup Banking System Central Swasta di Amerika Serikat akan diadili untuk Pengkhianatan dan KEMUDIAN Executed " . Hal ini akan menghilangkan insentif untuk membunuh atau membunuh orang seperti yang mereka lakukan untuk JFK pada tahun 1963, untuk menginstal atau menyimpan Sistem Bank Sentral Swasta di Amerika Serikat . 9 ) Saya akan menarik diri dari NAFTA dan WTO . Dengan mengakhiri NAFTA dan WTO secara otomatis akan menciptakan lebih dari 13.860.000 Jobs hampir semalam. 10 ) Saya akan mencabut hukum Bayi Jangkar dan kembali ke awal . 11 ) Saya akan memberikan semua orang asing ilegal satu minggu untuk kembali dari mana mereka berasal atau mengumpulkan mereka dan menempatkan mereka dalam Sheriff Joe Arpaio –Camp penjara gurun atau FEMA ini Kamp-kamp konsentrasi yang dibangun untuk rumah Warga Amerika yang sebenarnya ...>>>

Harry Dingey

http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-fed-hr-459-s202/

 

October 27, 2013 at 10:11 am | Permalink | Reply

The Federal Reserve Act was questionably passed in 1913 and along with it the Internal Revenue Law (IRS) was included in the same bill. The Income Tax Law was passed in the same bill and was included to pay the Federal Reserve interest for loaning us our own money.

I know this sounds screwy but it really is the honest truth.

During the Great Depression of 1929 there was no Glass–Steagall Act in force and congress always thought the bankers caused the Last depression because they could use the depositors saving account to gamble on the stock market. So, in 1933 they passed the Glass–Steagall Act.

The Glass–Steagall Act was a law enacted by congress in 1933 as a safe guard to protect the American people’s bank deposit accounts by placing a wall between all banks and Stock Brokers, forbidding the banks from investing in the stock market or use bank money to buy or sell any types of stock market derivatives.

First, let me tell you how the Federal Reserve works.

(Federal Reserve Act yang disahkan pada tahun 1913 dipertanyakan dan bersamaan dengan itu UU Internal Revenue (IRS) termasuk dalam tagihan yang sama.

UU PPh disahkan pada tagihan yang sama dan termasuk untuk membayar bunga Federal Reserve untuk meminjamkan kami uang kita sendiri.

Saya tahu ini terdengar aneh, tapi itu benar-benar kebenaran yang jujur​​.

Selama Depresi Besar tahun 1929 ada UU Glass-Steagall berlaku dan kongres selalu berpikir para bankir menyebabkan depresi terakhir karena mereka bisa menggunakan tabungan deposan untuk berjudi di pasar saham. Jadi, pada tahun 1933 mereka melewati Glass-Steagall.

Undang-undang Glass-Steagall adalah hukum yang ditetapkan oleh kongres pada tahun 1933 sebagai penjaga yang aman untuk melindungi rekening bank deposito rakyat Amerika dengan menempatkan dinding antara semua bank dan Broker Saham, melarang bank dari investasi di pasar saham atau menggunakan uang bank untuk membeli atau menjual jenis derivatif pasar saham.

Pertama, izinkan saya memberitahu Anda bagaimana Federal Reserve bekerja.)

1) The Federal Reserve sells the bonds at an open auction.

2) The Federal Reserve Banks around the country buys up most of the Bonds at an open auction.

3) The Treasury Dept. spends all the newly printed bond money.

4) Then at some point in the future all the new bond money will end up as deposits in some ones Bank Account.

5) The Federal Reserve gives all the banks nine dollars for every newly deposited one dollar as a GIFT.

(1) Federal Reserve menjual obligasi pada lelang terbuka.

2) Bank2 Federal Reserve di seluruh negeri membeli sebagian dari Obligasi pada lelang terbuka.

3) Dept. Treasury  menghabiskan semua uang obligasi baru yang dicetak.

4) Kemudian di beberapa titik di masa depan semua uang obligasi baru akan berakhir sebagai deposito di beberapa Rekening Bank tertentu.

5) Federal Reserve memberikan semua bank sembilan dolar untuk setiap satu dolar yang baru disimpan sebagai suatu GIFT )

The Federal Reserve is a sweetheart monetary system that was setup to supply the Federal Government with an unlimited amount of money it wants to spend without requiring the Federal Government to increase Taxes on the people.

When the Federal Government needs money it just raises the Debt limit. Then the Federal Reserve prints up Bonds and sells them at the bond auction.

They never have to worry about not selling the bonds because the Federal Reserve Banks will step in and buy up all the unsold bonds. Just to collect the bond Dividend.

Now at some point in time in the future all of this newly printed money will be deposited in one of the Federal Reserve Banks in the system. The Federal Reserve System uses what is called a “Fractional Reserve Banking System”.

This means that Banks are allowed to loan or spend Nine Extra Dollars for every one dollar held in deposit. This extra nine dollars is given to the banks not as a LOAN but as a GIFT and requires no repayment. They can use this money to make loans, to buy Federal Bonds and invest in the stock market or use bank money to buy or sell any types of stock market derivatives they chose.

That means for every $1 trillion dollars the Federal Government spends in Deficit Spending the Federal Reserve (a privately own central Bank owned by non-Americans) will end up printing an extra $10 Trillion Dollars of newly printed money to put in its own pocket, plus charging the American People interest on the original $1 Trillion dollar loan to the Federal Government. Of course we the American People are required to pay the Federal Reserve Interest on this newly printed money from Income Taxes being withheld (IRS).

(Federal Reserve adalah sistem moneter sangat pemurah/ kekasih yang di setup untuk memasok Pemerintah Federal dengan jumlah uang yang tak terbatas itu ingin menghabiskan tanpa memerlukan Pemerintah Federal untuk meningkatkan Pajak pada masyarakat/ rakyat .

Ketika Pemerintah Federal membutuhkan uang itu, maka hanya meningkatkan batas hutang. Kemudian Federal Reserve mencetak sampai sebesar Obligasi dan menjual nya semua pada lelang obligasi .

Mereka tidak perlu khawatir tentang tidak terjualnya obligasi itu karena Bank Federal Reserve akan masuk dan membeli seluruh obligasi yang tidak terjual. Tujuannya hanya untuk mengumpulkan Dividen obligasi.

Sekarang di beberapa titik waktu di masa depan semua uang baru ini dicetak dan akan disimpan di salah satu Bank Federal Reserve dalam system keuangan mereka. The Federal Reserve System menggunakan apa yang disebut " Fractional Reserve Banking System " .

Ini berarti bahwa Bank diperbolehkan untuk pinjaman atau menghabiskan Sembilan Ekstra Dolar untuk setiap satu dolar yang diadakan di deposito. Tambahan sembilan dolar ini diberikan kepada bank-bank bukan sebagai PINJAMAN tetapi sebagai GIFT dan tidak memerlukan pembayaran. Mereka dapat menggunakan uang ini untuk memberikan pinjaman, untuk membeli obligasi federal dan berinvestasi di pasar saham atau menggunakan uang bank untuk membeli atau menjual jenis derivatif pasar saham yang mereka pilih.

Itu berarti untuk setiap $ 1 triliun dolar Pemerintah Federal menghabiskan sebagai Defisit Pengeluaran Federal Reserve ( Bank sentral swasta yang dimiliki oleh non -Amerika ) akan berakhir mencetak tambahan $ 10 Triliun Dolar uang baru yang dicetak untuk dimasukkan ke dalam saku sendiri, ditambah pengisian American People bunga asli $ 1 Triliun pinjaman dolar kepada Pemerintah Federal. Tentu saja kita Rakyat Amerika diwajibkan untuk membayar bunga Federal Reserve pada uang yang baru dicetak ini dari Pajak Penghasilan yang dipotong ( IRS ) .

Then as if the American people were not being screwed enough by this private banking cartel called the Federal Reserve during the last 100 years. Then in 1997 Bill Clinton President and both the Democrat and Republican Congress repealed the Glass–Steagall Act. This allowed the International Bankers to gamble with the American people’s bank deposit accounts. This was the real cause of the Great Depression in 1929 and also again with the 2008 Financial Crises that brought down America help put us in this Second Depression in 2008.

American can never recover as long as we have a Private Federal Reserve Central Bank and we allow the International Bankers gamble with the American peoples Bank Deposit Accounts.

The Federal Reserve is printing up $85 billion dollars every month to buy back Fake American National Debt Bonds. This is not inflationary in its self because they are not increasing the money supply. They are just trading newly printed dollars for the same dollar value of bonds so the money supply is not being changed.

The Federal Reserve is purchasing these bonds back from the Large International Banks who hold a large portion of the Fake American National Debt. The Federal Reserve prints new money to buy back this FAKE National Debt back from its Branch Banks.

But, here is where the American People get a real Screwing. Whenever newly printed money is being held on deposited in bank. Under the laws that govern the Federal Reserve all banks use what is Called the “Fractional Reserve Banking System”. 

(Lalu seolah-olah orang Amerika tidak sedang kacau cukup dengan ini kartel perbankan swasta yang disebut Federal Reserve selama 100 tahun terakhir. Kemudian pada tahun 1997 Presiden Bill Clinton dan di Kongres baik Demokrat maupun Republik mencabut Glass-Steagall. Hal ini memungkinkan para Bankir Internasional untuk berjudi dengan rekening perbankan deposito rakyat Amerika. Ini adalah penyebab sebenarnya dari Depresi Besar tahun 1929 dan juga lagi dengan Krisis Keuangan 2008 yang meruntuhkan Amerika membantu menempatkan kami dalam Depresi Kedua pada tahun 2008.

Amerika tidak pernah bisa pulih selama kita memiliki Federal Reserve sebagai Bank Sentral Swasta dan kita membiarkan Bankir Internasional berjudi dengan Rekening Deposito Bank masyarakat Amerika .

Federal Reserve mencetak hingga $ 85,000,000,000 dolar setiap bulan untuk membeli kembali Obligasi Utang Nasional Amerika Palsu. Ini bukan inflasi itu an sich,  karena mereka tidak meningkatkan pasokan uang. Mereka hanya memperdagangkan dolar yang baru dicetak untuk nilai dolar yang sama dari obligasi sehingga jumlah uang beredar tidak berubah .

Federal Reserve membeli obligasi ini kembali dari Bank Internasional besar yang memegang sebagian besar Utang Nasional Amerika Palsu. Federal Reserve mencetak uang baru untuk membeli kembali Utang Nasional PALSU ini kembali dari Bank Cabang2- nya .

Tapi, di sinilah orang Amerika mendapatkan paku-duri yang nyata. Setiap kali uang yang baru dicetak  akan diselenggarakan pada simpanan di bank . Berdasarkan peraturan yang mengatur Federal Reserve semua bank menggunakan apa yang Disebut " Fractional Sistem Perbankan Reserve" .)

This system allows all banks to loan or spend up to 10 times the amount of all dollars held on deposit in all banks (this is the same thing as counterfeiting). This is not a loan to the banks, but a gift. These Banks are not required to pay any of this money back.

When the Federal Government allows all these banks to counterfeit our money like this, they cause inflationary, which is actually a tax laid on the people because it makes everyone’s money worth less every year after year. This is the main cause of our yearly Inflation.

In Fact since the Federal Reserve Act was passed in 1913 the American dollar has decreased in value by about 97% because of this Privately Owned Central Banking Cartel System.

During the last 100 years the American people have paid Trillions of Dollars of Interest to the Federal Reserve Banking System (privately owned Banking System owned solely by International Banking Cartel). Plus because of the “Fraction Reserve Banking System” they was allowed to STEAL based on our Fake National Debt owed: $17 Trillion times 10 = $170 trillion Dollars over the last 100 years.

Thomas Jefferson Quotation (1776):

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”

This is what Thomas Jefferson warned us about 237 years ago, so ignorance is no excuse and all of these Federal Politicians should be put on trial for Treason by the American Peoples court. 

(Sistem ini memungkinkan semua bank untuk pinjaman atau menghabiskan hingga 10 kali jumlah semua dolar yang diadakan pada deposito di semua bank (ini adalah hal yang sama seperti pemalsuan ). Ini bukan pinjaman ke bank, tapi hadiah. Bank ini tidak diharuskan untuk membayar uang ini kembali.

Ketika Pemerintah Federal memungkinkan semua bank ini untuk memalsu uang kita seperti ini, mereka menyebabkan inflasi, yang sebenarnya merupakan pajak dikenakan pada masyarakat karena membuat uang semua orang yang nilai-nya menjadi berkurang setiap tahun demi tahun. Ini adalah penyebab utama inflasi tahunan kami .

Sebagai fakta-nya sejak Federal Reserve Act disahkan pada tahun 1913 dolar Amerika mengalami penurunan nilai sekitar 97% karena Central Banking System Kartel ini milik Swasta.

Selama 100 tahun terakhir orang-orang Amerika telah membayar Triliunan Dolar untuk Bunga kepada  Federal Reserve Banking System (Sistem Perbankan swasta yang dimiliki sepenuhnya oleh International Kartel Perbankan ) . Ditambah karena " Fraksi Reserve System Perbankan " mereka diizinkan untuk mencuri berdasarkan Utang Nasional Palsu sehingga kami berutang : $ 17 Triliun kali 10 = $ 170,000,000,000,000 Dolar selama 100 tahun terakhir .

Thomas Jefferson Quotation ( 1776) :

" Jika orang-orang Amerika pernah membiarkan bank swasta mengendalikan penerbitan uang mereka, pertama dengan inflasi, maka dengan deflasi, bank-bank dan perusahaan-perusahaan yang akan berkembang di sekitar mereka akan mencabut semua kekayaan rakyat, sampai anak-anak mereka bangun tunawisma di benua ayah mereka ditaklukkan . "

Ini adalah apa yang Thomas Jefferson memperingatkan kita sekitar 237 tahun yang lalu , sehingga ketidaktahuan ada alasan dan semua ini Politisi federal harus diadili untuk Pengkhianatan oleh Pengadilan Rakyat America.)

America is in big, big trouble and here is what I would do to solve everything:

1) I would reestablish the Glass–Steagall Act.

2) I would close down the Private Federal Reserve Central Bank.

3) I would cancell all the United States Fake National Debt Bonds held by the Federal Reserve and all their Branch Banks.

4) I would close down the Internal Revenue Service Dept because this is just a collection arm of the Federal Reserve to pay Interest on a Fake National Debt which I will payoff the same way it was created.

5) I would require all the banks to drop “Fractional Reserve Banking” and go to “100% Reverse Banking”.

6) I would put the United States Treasury Dept is charge of the creating of all money coined or printed Dollars as stated in the United States Constitution.

7) I would tell the US Treasury to print up enough dollars and buy back our entire National Debt (which is interest bearing Bonds). This would put us totally out of Debt and not be required to pay nearly $400 Billion Dollars interest annually on a FAKE National Debt. The Social Security System will now have $2.6 trillion dollars cash in a private bank account.

8) I would pass an Amendment to the United States Constitution that states ”anyone who tries to setup a Private Central Banking System in the United States will put on trial for Treason and THEN Executed”. This would eliminate the incentive to assassinate or kill anyone like they did to JFK in 1963, to install or keep a Private Central Bank System in the USA.

9) I would pull out of NAFTA and the WTO. By ending NAFTA and the WTO it would automatically create well over 13.86 million Jobs almost overnight.

10) I would repeal the Anchor Baby law back to its inception.

11) I would give all illegal aliens one week to go back where they came from or round them up and put them in Sheriff Joe Arpaio desert prison Camp or these FEMA Concentration camps built to house the real American Citizens.

(Amerika adalah dalam masalah sangat besar dan di sini adalah apa yang akan saya lakukan untuk menyelesaikan segalanya :

1 ) Saya akan membangun kembali Glass- Steagall .

2 ) Saya akan menutup Federal Reserve- Bank Sentral Swasta .

3 ) Saya akan cancell semua Obligasi Utang Nasional Palsu Amerika Serikat yang diselenggarakan oleh Federal Reserve dan seluruh Bank Cabang mereka.

4 ) Saya akan menutup Dept. Internal Revenue Service karena ini hanya lengan koleksi/ penagih Federal Reserve untuk membayar bunga pada Utang Nasional palsu yang saya akan lakukan dengan cara yang sama seperti itu diciptakan/dibuat.

5 ) Saya akan memerlukan semua bank untuk menjatuhkan " Fractional Reserve Banking " dan membangun " 100 %  Bank Sentral Nasional " .

6 ) Aku akan menempatkan Treasury Dept Amerika Serikat bertanggung jawab atas penciptaan semua uang  Dolar yang diciptakan atau dicetak sebagaimana tercantum dalam Konstitusi Amerika Serikat .

7 ) Saya akan memberitahu Departemen Keuangan AS untuk mencetak cukup dolar dan membeli kembali seluruh Utang Nasional kita ( yang merupakan Obligasi tanpa bunga ) . Ini akan menempatkan kami benar-benar keluar dari hutang dan tidak diminta untuk membayar hampir $ 400 Miliar Dolar bunga per tahun pada Utang Nasional PALSU. Sistem Jaminan Sosial sekarang akan memiliki $ US $ 2,6 triliun uang tunai di rekening bank swasta .

8 ) Saya akan luluskan Amandemen Konstitusi Amerika Serikat yang menyatakan " siapa pun yang mencoba untuk men-setup Banking System Central Swasta di Amerika Serikat akan diadili untuk Pengkhianatan dan KEMUDIAN Executed " . Hal ini akan menghilangkan insentif untuk membunuh atau membunuh orang seperti yang mereka lakukan untuk JFK pada tahun 1963, untuk menginstal atau menyimpan Sistem Bank Sentral Swasta di Amerika Serikat .

9 ) Saya akan menarik diri dari NAFTA dan WTO . Dengan mengakhiri NAFTA dan WTO secara otomatis akan menciptakan lebih dari 13.860.000 Jobs hampir semalam.

10 ) Saya akan mencabut hukum Bayi Jangkar dan kembali ke awal .

11 ) Saya akan memberikan semua orang asing ilegal satu minggu untuk kembali dari mana mereka berasal atau mengumpulkan mereka dan menempatkan mereka dalam Sheriff Joe Arpaio –Camp penjara gurun atau FEMA ini Kamp-kamp konsentrasi yang dibangun untuk rumah Warga Amerika yang sebenarnya .)

SO MOTE IT BE..

Harry Dingey 

Audit the Federal Reserve

1925 Responses

http://www.ronpaul.com/misc/congress/legislation/111th-congress-200910/audit-the-federal-reserve-hr-1207/

You are viewing the 2009/2010 version of the Audit the Fed page. Please click here for the 2011/2012 version or read on for the amazing history of Ron Paul’s efforts to bring transparency to the secretive banking cartel.

Listen to the Audit the Fed Song

The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erodes the value of the dollar.

For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 and 2010 his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself.

But the usurpers of America’s future didn’t take it lying down. They weren’t about to allow their secrets to be exposed and their magic money machine to be put under close scrutiny. They worked frantically behind the scenes to quietly derail all efforts to open up the Federal Reserve to an independent audit.

A handful of Fed-loving U.S. senators led by Chris Dodd rewrote the Senate version of the Financial Reform Bill to strip out Ron Paul’s Audit the Fed amendment and actually expand the Fed’s power over banks, lending and money. As Alan Grayson pointed out here, and Ron Paul commented on here, the Dodd bill completely eliminated legislation to audit the Federal Reserve, which had already passed in the House.

Sen. Bernie Sanders (I-Vt.) introduced an amendment on the floor effectively adding the Grayson-Paul language to the Senate bill, but later changed his amendment under pressure by the Federal Reserve and the Obama administration. The altered Sanders amendment passed the Senate on May 11, 2010 by a unanimous 96-0 vote.

Sen. Vitter reintroduced an amendment with the original Audit the Fed language. The Senate rejected the amendment on May 11, 2010 by a 37-62 vote.

The House and Senate went to the conference committee which attempted to reconcile the differences between the two bills (and their amendments). Unfortunately, Ron Paul’s tough language ended up not being included in the final bill.

On June 30, 2010, the GOP introduced Ron Paul’s Audit the Fed bill as a motion to recommit, which was the last chance to alter the financial regulation bill. Audit the Fed failed by a vote of 229-198. All Republicans voted in favor of the measure with 23 Democrats crossing the aisle to vote with Republicans. 114 co-sponsors of HR 1207, all Democrats, jumped ship and voted against Audit the Fed.

But let’s start from the beginning. Here’s the fascinating history of Ron Paul’s Audit the Fed bill:

02/2009: Ron Paul introduces bill to Audit the Federal Reserve

On February 26, 2009, Ron Paul introduced HR 1207, the bill to audit the Federal Reserve:

“I rise to introduce the Federal Reserve Transparency Act. Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation.”

After a groundswell of grassroots support, HR 1207 and its counterpart in the Senate, S 604, went on to attract 320 and 32 co-sponsors respectively.

10/2009: Mel Watt Introduces Competing Placebo Amendment

With HR 1207 gaining momentum, Congressman Mel Watt introduced a competing banker-approved “placebo” amendment that would have replaced HR 1207 and actually increased the Federal Reserve’s secrecy.

11/2009: Victory over Mel Watt Amendment

On November 19, 2009, after a historic debate lasting several hours, Ron Paul’s and Alan Grayson’s “Audit the Fed” amendment passed 43-26 in the House Financial Services Committee. The amendment called for a comprehensive audit of the Federal Reserve and replaced the opposing “placebo” amendment proposed by Mel Watt.

How they voted on Ron Paul’s Audit the Fed amendment (HR 1207 co-sponsors in bold):

Note: Due to a clerical error, until 5/26/2010 this roll call erroneously listed Rep. Gary Miller (CA-42) as a Democrat who supposedly voted “nay”. However, the reality is that Rep. Miller is a Republican who was absent on the day of the vote. He is a co-sponsor of HR 1207. We apologize!

Democrats
MA-04	Rep. Barney Frank		nay
PA-11	Rep. Paul E. Kanjorski		nay
CA-35	Rep. Maxine Waters		nay
NY-14	Rep. Carolyn B. Maloney		nay
IL-04	Rep. Luis V. Gutierrez		nay
NY-12	Rep. Nydia M. Velázquez		nay
NC-12	Rep. Melvin L. Watt		nay
NY-05	Rep. Gary L. Ackerman		nay
CA-27	Rep. Brad Sherman	aye
NY-06	Rep. Gregory W. Meeks		nay
KS-03	Rep. Dennis Moore		nay
MA-08	Rep. Michael E. Capuano		nay
TX-15	Rep. Rubén Hinojosa	aye
MO-01	Rep. William Lacy Clay	aye
NY-04	Rep. Carolyn McCarthy		nay
CA-43	Rep. Joe Baca
MA-09	Rep. Stephen F. Lynch		nay
GA-13	Rep. David Scott	aye
TX-09	Rep. Al Green		nay
MO-05	Rep. Emanuel Cleaver		nay
IL-08	Rep. Melissa L. Bean		nay
WI-04	Rep. Gwen Moore		nay
NH-02	Rep. Paul W. Hodes	aye
MN-05	Rep. Keith Ellison		nay
FL-22	Rep. Ron Klein		nay
OH-06	Rep. Charles Wilson		nay
CO-07	Rep. Ed Perlmutter	aye
IN-02	Rep. Joe Donnelly		nay
IL-14	Rep. Bill Foster		nay
IN-07	Rep. Andre Carson		nay
CA-12	Rep. Jackie Speier	aye
MS-01	Rep. Travis Childers	aye
ID-01	Rep. Walt Minnick	aye
NJ-03	Rep. John Adler	aye
OH-15	Rep. Mary Jo Kilroy		nay
OH-01	Rep. Steve Driehaus	aye
FL-24	Rep. Suzanne Kosmas	aye
FL-08	Rep. Alan Grayson	aye
CT-04	Rep. Jim Himes		nay
MI-09	Rep. Gary Peters	aye
NY-25	Rep. Dan Maffei	aye
Republicans
AL-06	Rep. Spencer Bachus	aye
TX-19	Rep. Randy Neugebauer	aye
DE-01	Rep. Michael N. Castle	aye
NY-03	Rep. Peter King	aye
CA-40	Rep. Edward R. Royce	aye
OK-03	Rep. Frank D. Lucas	aye
TX-14	Rep. Ron Paul (sponsor)	aye
IL-16	Rep. Donald A. Manzullo	aye
NC-03	Rep. Walter B. Jones	aye
IL-13	Rep. Judy Biggert	aye
NC-13	Rep. Brad Miller
WV-02	Rep. Shelley Moore Capito	aye
TX-05	Rep. Jeb Hensarling	aye
NJ-05	Rep. Scott Garrett	aye
SC-03	Rep. J. Gresham Barrett	aye
PA-06	Rep. Jim Gerlach	aye
GA-06	Rep. Tom Price	aye
NC-10	Rep. Patrick T. McHenry	aye
CA-48	Rep. John Campbell	aye
FL-12	Rep. Adam Putnam	aye
MN-06	Rep. Michele Bachmann	aye
TX-24	Rep. Kenny Marchant	aye
MI-11	Rep. Thaddeus McCotter	aye
CA-22	Rep. Kevin McCarthy	aye
FL-15	Rep. Bill Posey	aye
KS-02	Rep. Lynn Jenkins	aye
NY-26	Rep. Christopher Lee	aye
MN-03	Rep. Erik Paulsen	aye
NJ-07	Rep. Leonard Lance	aye

12/2009: Audit the Fed Passes in the House

The Audit the Fed amendment was attached to Barney Frank’s HR 3996, also known as the “Financial Stability Improvement Act of 2009″. That bill was later combined, along with several other bills, into “The Wall Street Reform and Consumer Protection Act of 2009 – Financial Stability Improvement Act of 2009″ (HR 4173). The House passed the new bill on December 11, 2009 on a vote of 223-202.

03/2010: Treasury Officials Still Support Mel Watt Amendment

On March 8, 2010 Huffington Post reporter Sam Stein participated in a bizarre meeting with unnamed high level treasury officials:

The Treasury Department is vigorously opposed to a House-passed measure that would open the Federal Reserve to an audit by the Government Accountability Office (GAO), a senior Treasury official said Monday. Instead, the official said, the Treasury prefers a substitute offered by Rep. Mel Watt (D-N.C.), and would like to see it enacted as part of the Senate bill.
The Watt measure, however, while claiming to increase transparency, actually puts new restrictions on the GAO’s ability to perform an audit.

03/2010: Mel Watt Amendment Used in Senate Version of the Financial Reform Bill

Ron Paul: “In the Senate, we didn’t get enough strong support over there and the Republicans didn’t really fight for it and at the Senate side it is not included. Matter of fact, they have included Mel Watts’s language. His language and my language competed in the House Financial Services Committee and of course we won that pretty easily. But they inserted that in so Mel Watt and the bankers were able to influence the senators enough to put their language in there. So what probably will happen is the two bills will be passed. It’ll be in one bill and not the other and then the fight will be to put pressure on the conference to go with the House [bill] instead of the Senate.”

04/2010: Bernie Sanders Introduces Audit the Fed Amendment in the Senate

Sen. Bernie Sanders (I-Vt.) introduced an amendment on the floor effectively adding the Grayson-Paul language to the Senate bill.

05/2010: Bernie Sanders Sells Out, Senate Passes Watered Down Amendment

On May 6, 2010 Bernie Sanders sold out to the bankers by modifying his amendment to the extent that it would allow the Fed to keep many of its activities secret. On May 11, 2010 the Sanders amendment passed the Senate by a unanimous 96-0 vote.

05/2010: David Vitter Comes To The Rescue But His Amendment is Defeated

Sen. David Vitter reintroduced an amendment with Ron Paul’s original Audit the Fed language. The Senate rejected the amendment on May 11, 2010 by a 37-62 vote.

06/2010: 114 Democrats Jump Ship and Vote Down Audit the Fed

On June 30, 2010, Ron Paul’s attempt to audit the Federal Reserve, which was previously co-sponsored by 320 members of the House (HR 1207), failed by a vote of 229-198. All Republicans voted in favor of the measure with 23 Democrats crossing the aisle to vote with Republicans. 114 co-sponsors of HR 1207, all Democrats, jumped ship and voted against Audit the Fed.

The GOP had offered the Fed audit as the minority’s last chance to alter the financial regulation bill. The bill does have an watered-down audit provision in the conference report, but it is limited to loans made by the Fed during the height of the economic crisis. Ron Paul’s bill would have allowed a total examination of the Fed’s books.

How they voted

Democrats, Republicans, HR 1207 Co-Sponsors

YEA

Aderholt Akin Alexander Austria Bachmann Bachus Barrett (SC) Bartlett Barton (TX) Biggert Bilbray Bilirakis Blackburn Blunt Boehner Bonner Bono Mack Boozman Boucher Boustany Brady (TX) Broun (GA) Brown (SC) Brown-Waite, Ginny Buchanan Burgess Burton (IN) Buyer Calvert Camp Campbell Cantor Cao Capito Carney Carter Cassidy Castle Chaffetz Childers Coble Coffman (CO) Cole Conaway Crenshaw Critz Culberson Davis (KY) Dent Diaz-Balart, L. Diaz-Balart, M. Djou Dreier Duncan Edwards (TX) Ehlers Emerson Fallin Flake Fleming Forbes Fortenberry Foxx Franks (AZ) Frelinghuysen Gallegly

Garrett (NJ) Gerlach Giffords Gingrey (GA) Gohmert Goodlatte Granger Graves (GA) Graves (MO) Grayson Griffith Guthrie Hall (TX) Harper Hastings (WA) Heller Hensarling Herger Hodes Hoekstra Hunter Inglis Issa Jenkins Johnson (IL) Johnson, Sam Jones Jordan (OH) King (IA) King (NY) Kingston Kirk Kirkpatrick (AZ) Kline (MN) Kratovil Lamborn Lance Latham LaTourette Latta Lee (NY) Lewis (CA) Linder Lipinski LoBiondo Lucas Luetkemeyer Lummis Lungren, Daniel E. Mack Manzullo Marchant Markey (CO) McCarthy (CA) McCaul McClintock McCotter McHenry McIntyre McKeon McMorris Rodgers McNerney Mica Miller (FL) Miller (MI) Miller, Gary

Minnick Mitchell Moran (KS) Murphy, Tim Myrick Neugebauer Nunes Nye Olson Paul Paulsen Pence Perriello Petri Pitts Platts Poe (TX) Posey Price (GA) Putnam Radanovich Rehberg Reichert Roe (TN) Rogers (AL) Rogers (KY) Rogers (MI) Rohrabacher Rooney Ros-Lehtinen Roskam Ross Royce Ryan (WI) Scalise Schmidt Schock Sensenbrenner Sessions Shadegg Shimkus Shuster Simpson Skelton Smith (NE) Smith (NJ) Smith (TX) Space Stearns Sullivan Teague Terry Thompson (PA) Thornberry Tiahrt Tiberi Titus Turner Upton Walden Westmoreland Whitfield Wilson (SC) Wittman Wolf Young (FL)

NAY

Ackerman Adler (NJ) Altmire Andrews Arcuri Baca Baird Baldwin Barrow Bean Becerra Berkley Berman Berry Bishop (GA) Bishop (NY) Blumenauer Boccieri Boren Boswell Boyd Brady (PA) Braley (IA) Bright Brown, Corrine Butterfield Capps Capuano Cardoza Carnahan Carson (IN) Castor (FL) Chandler Chu Clarke Clay Cleaver Clyburn Cohen Connolly (VA) Conyers Cooper Costa Costello Courtney Crowley Cuellar Cummings Dahlkemper Davis (AL) Davis (CA) Davis (IL) Davis (TN) DeFazio DeGette Delahunt DeLauro Deutch Dicks Dingell Doggett Donnelly (IN) Doyle Driehaus Edwards (MD) Ellison Ellsworth Engel Eshoo Etheridge Farr Fattah Filner Foster Frank (MA) Fudge Garamendi

Gonzalez Gordon (TN) Green, Al Green, Gene Grijalva Gutierrez Hall (NY) Halvorson Hare Harman Hastings (FL) Heinrich Herseth Sandlin Higgins Hill Himes Hinchey Hinojosa Hirono Holden Holt Honda Hoyer Inslee Isra-el Jackson (IL) Jackson Lee (TX) Johnson (GA) Johnson, E. B. Kagen Kanjorski Kaptur Kennedy Kildee Kilpatrick (MI) Kilroy Kind Kissell Klein (FL) Kosmas Kucinich Langevin Larsen (WA) Larson (CT) Lee (CA) Levin Lewis (GA) Loebsack Lofgren, Zoe Lowey Luján Lynch Maffei Maloney Markey (MA) Marshall Matheson Matsui McCarthy (NY) McCollum McDermott McGovern McMahon Meek (FL) Meeks (NY) Melancon Michaud Miller (NC) Miller, George Mollohan Moore (KS) Moore (WI) Moran (VA) Murphy (CT) Murphy (NY) Murphy, Patrick Nadler (NY)

Napolitano Neal (MA) Oberstar Obey Olver Ortiz Owens Pallone Pascrell Pastor (AZ) Payne Perlmutter Peters Peterson Pingree (ME) Polis (CO) Pomeroy Price (NC) Quigley Rahall Rangel Reyes Richardson Rodriguez Rothman (NJ) Roybal-Allard Ruppersberger Rush Ryan (OH) Salazar Sánchez, Linda T. Sanchez, Loretta Sarbanes Schakowsky Schauer Schiff Schrader Schwartz Scott (GA) Scott (VA) Serrano Sestak Shea-Porter Sherman Shuler Sires Slaughter Smith (WA) Snyder Speier Spratt Stark Stupak Sutton Tanner Thompson (CA) Thompson (MS) Tierney Tonko Towns Tsongas Van Hollen Velázquez Visclosky Walz Wasserman Schultz Waters Watson Watt Waxman Weiner Welch Wilson (OH) Wu Yarmuth

Not Voting

Bishop (UT)
Taylor Wamp
Woolsey Young (AK)

THE END? Not yet! Audit the Fed will be back in 2011.

(The information below covers the original HR 1207 and S 604 bills.)

Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 320 co-sponsors, and the numbers keep growing! HR 1207′s companion bill in the Senate, S 604, has already attracted 32 co-sponsors.

This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With two thirds of the House of Representatives already co-sponsoring this bill, it has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.

HR 1207 Co-Sponsors
Rep Abercrombie, Neil [HI-1] – 2/26/2009
Rep Aderholt, Robert B. [AL-4] – 5/6/2009
Rep Adler, John H. [NJ-3] – 5/6/2009
Rep Akin, W. Todd [MO-2] – 3/19/2009
Rep Alexander, Rodney [LA-5] – 3/10/2009
Rep Altmire, Jason [PA-4] – 5/20/2009
Rep Arcuri, Michael A. [NY-24] – 9/23/2009
Rep Austria, Steve [OH-7] – 5/6/2009
Rep Bachmann, Michele [MN-6] – 2/26/2009
Rep Bachus, Spencer [AL-6] – 4/29/2009
Rep Baird, Brian [WA-3] – 7/10/2009
Rep Baldwin, Tammy [WI-2] – 4/21/2009
Rep Barrett, J. Gresham [SC-3] – 4/28/2009
Rep Barrow, John [GA-12] – 5/12/2009
Rep Bartlett, Roscoe G. [MD-6] – 2/26/2009
Rep Barton, Joe [TX-6] – 5/4/2009
Rep Berkley, Shelley [NV-1] – 5/21/2009
Rep Berry, Marion [AR-1] – 5/20/2009
Rep Biggert, Judy [IL-13] – 4/28/2009
Rep Bilbray, Brian P. [CA-50] – 4/21/2009
Rep Bilirakis, Gus M. [FL-9] – 5/4/2009
Rep Bishop, Rob [UT-1] – 4/21/2009
Rep Bishop, Sanford D., Jr. [GA-2] – 10/27/2009
Rep Bishop, Timothy H. [NY-1] – 7/10/2009
Rep Blackburn, Marsha [TN-7] – 3/16/2009
Rep Blunt, Roy [MO-7] – 3/24/2009
Rep Boccieri, John A. [OH-16] – 7/28/2009
Rep Boehner, John A. [OH-8] – 6/10/2009
Rep Bonner, Jo [AL-1] – 6/9/2009
Rep Bono Mack, Mary [CA-45] – 4/29/2009
Rep Boozman, John [AR-3] – 5/7/2009
Rep Boren, Dan [OK-2] – 12/1/2009
Rep Boswell, Leonard L. [IA-3] – 6/9/2009
Rep Boucher, Rick [VA-9] – 7/20/2009
Rep Boustany, Charles W., Jr. [LA-7] – 5/13/2009
Rep Boyd, Allen [FL-2] – 7/14/2009
Rep Brady, Kevin [TX-8] – 4/22/2009
Rep Braley, Bruce L. [IA-1] – 6/11/2009
Rep Bright, Bobby [AL-2] – 6/11/2009
Rep Broun, Paul C. [GA-10] – 2/26/2009
Rep Brown, Corrine [FL-3] – 6/11/2009
Rep Brown, Henry E., Jr. [SC-1] – 4/28/2009
Rep Brown-Waite, Ginny [FL-5] – 5/20/2009
Rep Buchanan, Vern [FL-13] – 3/17/2009
Rep Burgess, Michael C. [TX-26] – 3/19/2009
Rep Burton, Dan [IN-5] – 2/26/2009
Rep Buyer, Steve [IN-4] – 4/30/2009
Rep Calvert, Ken [CA-44] – 4/29/2009
Rep Camp, Dave [MI-4] – 6/18/2009
Rep Campbell, John [CA-48] – 5/4/2009
Rep Cantor, Eric [VA-7] – 6/23/2009
Rep Cao, Anh “Joseph” [LA-2] – 6/11/2009
Rep Capito, Shelley Moore [WV-2] – 4/1/2009
Rep Carney, Christopher P. [PA-10] – 6/9/2009
Rep Carter, John R. [TX-31] – 3/31/2009
Rep Cassidy, Bill [LA-6] – 5/4/2009
Rep Castle, Michael N. [DE] – 3/17/2009
Rep Chaffetz, Jason [UT-3] – 3/6/2009
Rep Chandler, Ben [KY-6] – 7/7/2009
Rep Childers, Travis [MS-1] – 6/9/2009
Rep Chu, Judy [CA-32] – 10/6/2009
Rep Clay, Wm. Lacy [MO-1] – 11/19/2009
Rep Coble, Howard [NC-6] – 6/11/2009
Rep Coffman, Mike [CO-6] – 6/16/2009
Rep Cohen, Steve [TN-9] – 10/22/2009
Rep Cole, Tom [OK-4] – 4/21/2009
Rep Conaway, K. Michael [TX-11] – 5/7/2009
Rep Conyers, John, Jr. [MI-14] – 6/23/2009
Rep Courtney, Joe [CT-2] – 7/8/2009
Rep Crenshaw, Ander [FL-4] – 5/4/2009
Rep Cuellar, Henry [TX-28] – 9/24/2009
Rep Culberson, John Abney [TX-7] – 3/26/2009
Rep Dahlkemper, Kathleen A. [PA-3] – 7/22/2009
Rep Davis, Danny K. [IL-7] – 6/26/2009
Rep Davis, Geoff [KY-4] – 5/6/2009
Rep Davis, Lincoln [TN-4] – 9/30/2009
Rep Deal, Nathan [GA-9] – 3/23/2009
Rep DeFazio, Peter A. [OR-4] – 3/9/2009
Rep Delahunt, Bill [MA-10] – 9/9/2009
Rep Dent, Charles W. [PA-15] – 5/6/2009
Rep Diaz-Balart, Lincoln [FL-21] – 7/10/2009
Rep Diaz-Balart, Mario [FL-25] – 6/18/2009
Rep Doggett, Lloyd [TX-25] – 4/21/2009
Rep Doyle, Michael F. [PA-14] – 9/29/2009
Rep Dreier, David [CA-26] – 6/10/2009
Rep Driehaus, Steve [OH-1] – 10/6/2009
Rep Duncan, John J., Jr. [TN-2] – 3/6/2009
Rep Edwards, Chet [TX-17] – 6/16/2009
Rep Edwards, Donna F. [MD-4] – 6/11/2009
Rep Ehlers, Vernon J. [MI-3] – 4/21/2009
Rep Emerson, Jo Ann [MO-8] – 7/15/2009
Rep Fallin, Mary [OK-5] – 4/2/2009
Rep Farr, Sam [CA-17] – 7/8/2009
Rep Filner, Bob [CA-51] – 7/28/2009
Rep Flake, Jeff [AZ-6] – 5/11/2009
Rep Fleming, John [LA-4] – 3/18/2009
Rep Forbes, J. Randy [VA-4] – 5/20/2009
Rep Fortenberry, Jeff [NE-1] – 5/12/2009
Rep Foxx, Virginia [NC-5] – 3/10/2009
Rep Franks, Trent [AZ-2] – 3/23/2009
Rep Frelinghuysen, Rodney P. [NJ-11] – 6/3/2009
Rep Fudge, Marcia L. [OH-11] – 7/9/2009
Rep Gallegly, Elton [CA-24] – 7/7/2009
Rep Garrett, Scott [NJ-5] – 3/5/2009
Rep Gerlach, Jim [PA-6] – 5/11/2009
Rep Giffords, Gabrielle [AZ-8] – 6/16/2009
Rep Gingrey, Phil [GA-11] – 3/30/2009
Rep Gohmert, Louie [TX-1] – 4/23/2009
Rep Goodlatte, Bob [VA-6] – 4/28/2009
Rep Gordon, Bart [TN-6] – 9/8/2009
Rep Granger, Kay [TX-12] – 4/28/2009
Rep Graves, Sam [MO-6] – 4/22/2009
Rep Graves, Tom [GA-9] – 6/17/2010
Rep Grayson, Alan [FL-8] – 3/11/2009
Rep Griffith, Parker [AL-5] – 6/16/2009
Rep Grijalva, Raul M. [AZ-7] – 6/3/2009
Rep Guthrie, Brett [KY-2] – 5/7/2009
Rep Hall, Ralph M. [TX-4] – 4/29/2009
Rep Halvorson, Deborah L. [IL-11] – 6/3/2009
Rep Hare, Phil [IL-17] – 5/11/2009
Rep Harman, Jane [CA-36] – 7/7/2009
Rep Harper, Gregg [MS-3] – 5/11/2009
Rep Hastings, Doc [WA-4] – 5/11/2009
Rep Heinrich, Martin [NM-1] – 11/2/2009
Rep Heller, Dean [NV-2] – 3/6/2009
Rep Hensarling, Jeb [TX-5] – 5/4/2009
Rep Herger, Wally [CA-2] – 4/21/2009
Rep Herseth Sandlin, Stephanie [SD] – 5/6/2009
Rep Higgins, Brian [NY-27] – 10/13/2009
Rep Hill, Baron P. [IN-9] – 10/22/2009
Rep Hinchey, Maurice D. [NY-22] – 6/2/2009
Rep Hinojosa, Ruben [TX-15] – 9/10/2009
Rep Hirono, Mazie K. [HI-2] – 7/8/2009
Rep Hoekstra, Peter [MI-2] – 4/28/2009
Rep Holden, Tim [PA-17] – 6/4/2009
Rep Hunter, Duncan D. [CA-52] – 5/13/2009
Rep Inglis, Bob [SC-4] – 4/23/2009
Rep Inslee, Jay [WA-1] – 5/12/2009
Rep Issa, Darrell E. [CA-49] – 6/16/2009
Rep Jackson, Jesse L., Jr. [IL-2] – 7/30/2009
Rep Jenkins, Lynn [KS-2] – 4/23/2009
Rep Johnson, Eddie Bernice [TX-30] – 9/15/2009
Rep Johnson, Henry C. “Hank,” Jr. [GA-4] – 6/9/2009
Rep Johnson, Sam [TX-3] – 4/22/2009
Rep Johnson, Timothy V. [IL-15] – 4/23/2009
Rep Jones, Walter B., Jr. [NC-3] – 2/26/2009
Rep Jordan, Jim [OH-4] – 6/2/2009
Rep Kagen, Steve [WI-8] – 2/26/2009
Rep Kaptur, Marcy [OH-9] – 4/23/2009
Rep Kildee, Dale E. [MI-5] – 9/21/2009
Rep Kilpatrick, Carolyn C. [MI-13] – 12/1/2009
Rep King, Peter T. [NY-3] – 6/4/2009
Rep King, Steve [IA-5] – 6/11/2009
Rep Kingston, Jack [GA-1] – 3/6/2009
Rep Kirk, Mark Steven [IL-10] – 7/15/2009
Rep Kirkpatrick, Ann [AZ-1] – 7/14/2009
Rep Kissell, Larry [NC-8] – 11/5/2009
Rep Kline, John [MN-2] – 4/29/2009
Rep Kosmas, Suzanne M. [FL-24] – 6/17/2009
Rep Kratovil, Frank, Jr. [MD-1] – 6/4/2009
Rep Kucinich, Dennis J. [OH-10] – 6/11/2009
Rep Lamborn, Doug [CO-5] – 4/21/2009
Rep Lance, Leonard [NJ-7] – 5/11/2009
Rep Langevin, James R. [RI-2] – 9/8/2009
Rep Latham, Tom [IA-4] – 4/21/2009
Rep LaTourette, Steven C. [OH-14] – 4/28/2009
Rep Latta, Robert E. [OH-5] – 5/20/2009
Rep Lee, Christopher J. [NY-26] – 6/10/2009
Rep Lewis, Jerry [CA-41] – 6/24/2009
Rep Lewis, John [GA-5] – 9/23/2009
Rep Linder, John [GA-7] – 5/6/2009
Rep Lipinski, Daniel [IL-3] – 6/4/2009
Rep LoBiondo, Frank A. [NJ-2] – 5/4/2009
Rep Loebsack, David [IA-2] – 6/10/2009
Rep Lofgren, Zoe [CA-16] – 7/7/2009
Rep Lucas, Frank D. [OK-3] – 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] – 4/21/2009
Rep Lujan, Ben Ray [NM-3] – 11/19/2009
Rep Lummis, Cynthia M. [WY] – 3/19/2009
Rep Lungren, Daniel E. [CA-3] – 5/7/2009
Rep Mack, Connie [FL-14] – 5/12/2009
Rep Maffei, Daniel B. [NY-25] – 5/12/2009
Rep Manzullo, Donald A. [IL-16] – 4/21/2009
Rep Marchant, Kenny [TX-24] – 3/11/2009
Rep Markey, Betsy [CO-4] – 6/25/2009
Rep Massa, Eric J. J. [NY-29] – 4/22/2009
Rep McCarthy, Kevin [CA-22] – 5/4/2009
Rep McCaul, Michael T. [TX-10] – 4/21/2009
Rep McClintock, Tom [CA-4] – 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] – 3/19/2009
Rep McDermott, Jim [WA-7] – 4/29/2009
Rep McGovern, James P. [MA-3] – 6/10/2009
Rep McHenry, Patrick T. [NC-10] – 4/30/2009
Rep McHugh, John M. [NY-23] – 5/4/2009
Rep McIntyre, Mike [NC-7] – 6/10/2009
Rep McKeon, Howard P. “Buck” [CA-25] – 6/11/2009
Rep McMorris Rodgers, Cathy [WA-5] – 5/4/2009
Rep McNerney, Jerry [CA-11] – 3/16/2010
Rep Melancon, Charlie [LA-3] – 7/10/2009
Rep Mica, John L. [FL-7] – 5/12/2009
Rep Michaud, Michael H. [ME-2] – 5/7/2009
Rep Miller, Brad [NC-13] – 9/22/2009
Rep Miller, Candice S. [MI-10] – 4/28/2009
Rep Miller, Gary G. [CA-42] – 6/10/2009
Rep Miller, Jeff [FL-1] – 3/24/2009
Rep Minnick, Walter [ID-1] – 5/13/2009
Rep Mitchell, Harry E. [AZ-5] – 6/9/2009
Rep Moran, Jerry [KS-1] – 5/4/2009
Rep Murphy, Christopher S. [CT-5] – 7/7/2009
Rep Murphy, Patrick J. [PA-8] – 6/9/2009
Rep Murphy, Scott [NY-20] – 7/9/2009
Rep Murphy, Tim [PA-18] – 4/29/2009
Rep Myrick, Sue Wilkins [NC-9] – 4/28/2009
Rep Nadler, Jerrold [NY-8] – 9/10/2009
Rep Neugebauer, Randy [TX-19] – 4/30/2009
Rep Nunes, Devin [CA-21] – 6/12/2009
Rep Nye, Glenn C., III [VA-2] – 9/17/2009
Rep Oberstar, James L. [MN-8] – 7/31/2009
Rep Olson, Pete [TX-22] – 4/21/2009
Rep Ortiz, Solomon P. [TX-27] – 5/14/2009
Rep Pascrell, Bill, Jr. [NJ-8] – 6/9/2009
Rep Pastor, Ed [AZ-4] – 5/20/2009
Rep Paulsen, Erik [MN-3] – 3/30/2009
Rep Payne, Donald M. [NJ-10] – 7/30/2009
Rep Pence, Mike [IN-6] – 4/21/2009
Rep Perlmutter, Ed [CO-7] – 6/10/2009
Rep Perriello, Thomas S.P. [VA-5] – 5/13/2009
Rep Peterson, Collin C. [MN-7] – 3/19/2009
Rep Petri, Thomas E. [WI-6] – 3/10/2009
Rep Pingree, Chellie [ME-1] – 10/6/2009
Rep Pitts, Joseph R. [PA-16] – 4/28/2009
Rep Platts, Todd Russell [PA-19] – 3/19/2009
Rep Poe, Ted [TX-2] – 2/26/2009
Rep Polis, Jared [CO-2] – 6/11/2009
Rep Posey, Bill [FL-15] – 2/26/2009
Rep Price, Tom [GA-6] – 3/10/2009
Rep Putnam, Adam H. [FL-12] – 4/28/2009
Rep Quigley, Mike [IL-5] – 3/9/2010
Rep Radanovich, George [CA-19] – 5/6/2009
Rep Rehberg, Denny [MT] – 2/26/2009
Rep Reichert, David G. [WA-8] – 5/20/2009
Rep Reyes, Silvestre [TX-16] – 12/1/2009
Rep Richardson, Laura [CA-37] – 7/28/2009
Rep Rodriguez, Ciro D. [TX-23] – 12/1/2009
Rep Roe, David P. [TN-1] – 4/21/2009
Rep Rogers, Harold [KY-5] – 7/14/2009
Rep Rogers, Mike D. [AL-3] – 5/13/2009
Rep Rogers, Mike J. [MI-8] – 5/20/2009
Rep Rohrabacher, Dana [CA-46] – 3/6/2009
Rep Rooney, Thomas J. [FL-16] – 4/22/2009
Rep Ros-Lehtinen, Ileana [FL-18] – 4/28/2009
Rep Roskam, Peter J. [IL-6] – 6/2/2009
Rep Ross, Mike [AR-4] – 5/21/2009
Rep Rothman, Steven R. [NJ-9] – 6/18/2009
Rep Royce, Edward R. [CA-40] – 5/12/2009
Rep Ruppersberger, C. A. Dutch [MD-2] – 10/20/2009
Rep Ryan, Paul [WI-1] – 5/14/2009
Rep Ryan, Tim [OH-17] – 10/23/2009
Rep Salazar, John T. [CO-3] – 7/15/2009
Rep Sarbanes, John P. [MD-3] – 6/15/2009
Rep Scalise, Steve [LA-1] – 5/20/2009
Rep Schakowsky, Janice D. [IL-9] – 5/6/2009
Rep Schauer, Mark H. [MI-7] – 5/20/2009
Rep Schiff, Adam B. [CA-29] – 7/14/2009
Rep Schmidt, Jean [OH-2] – 6/11/2009
Rep Schock, Aaron [IL-18] – 5/6/2009
Rep Schrader, Kurt [OR-5] – 9/15/2009
Rep Scott, David [GA-13] – 7/20/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] – 5/7/2009
Rep Sessions, Pete [TX-32] – 3/23/2009
Rep Shadegg, John B. [AZ-3] – 5/7/2009
Rep Shea-Porter, Carol [NH-1] – 6/9/2009
Rep Sherman, Brad [CA-27] – 6/23/2009
Rep Shimkus, John [IL-19] – 4/22/2009
Rep Shuler, Heath [NC-11] – 6/12/2009
Rep Shuster, Bill [PA-9] – 5/7/2009
Rep Simpson, Michael K. [ID-2] – 4/28/2009
Rep Slaughter, Louise McIntosh [NY-28] – 6/17/2009
Rep Smith, Adam [WA-9] – 4/22/2009
Rep Smith, Adrian [NE-3] – 4/28/2009
Rep Smith, Christopher H. [NJ-4] – 6/15/2009
Rep Smith, Lamar [TX-21] – 4/2/2009
Rep Snyder, Vic [AR-2] – 6/23/2009
Rep Souder, Mark E. [IN-3] – 6/16/2009
Rep Space, Zachary T. [OH-18] – 6/23/2009
Rep Speier, Jackie [CA-12] – 6/11/2009
Rep Spratt, John M., Jr. [SC-5] – 10/13/2009
Rep Stark, Fortney Pete [CA-13] – 3/26/2009
Rep Stearns, Cliff [FL-6] – 3/6/2009
Rep Sullivan, John [OK-1] – 7/8/2009
Rep Sutton, Betty [OH-13] – 10/6/2009
Rep Taylor, Gene [MS-4] – 3/6/2009
Rep Teague, Harry [NM-2] – 6/12/2009
Rep Terry, Lee [NE-2] – 3/30/2009
Rep Thompson, Bennie G. [MS-2] – 7/17/2009
Rep Thompson, Glenn [PA-5] – 4/22/2009
Rep Thornberry, Mac [TX-13] – 5/21/2009
Rep Tiahrt, Todd [KS-4] – 4/28/2009
Rep Tiberi, Patrick J. [OH-12] – 4/28/2009
Rep Tierney, John F. [MA-6] – 7/20/2009
Rep Titus, Dina [NV-3] – 7/14/2009
Rep Tonko, Paul D. [NY-21] – 6/9/2009
Rep Turner, Michael R. [OH-3] – 5/13/2009
Rep Upton, Fred [MI-6] – 4/29/2009
Rep Visclosky, Peter J. [IN-1] – 7/20/2009
Rep Walden, Greg [OR-2] – 5/4/2009
Rep Walz, Timothy J. [MN-1] – 5/7/2009
Rep Wamp, Zach [TN-3] – 3/16/2009
Rep Weiner, Anthony D. [NY-9] – 11/5/2009
Rep Welch, Peter [VT] – 5/21/2009
Rep Westmoreland, Lynn A. [GA-3] – 4/2/2009
Rep Whitfield, Ed [KY-1] – 5/14/2009
Rep Wilson, Joe [SC-2] – 4/29/2009
Rep Wittman, Robert J. [VA-1] – 4/1/2009
Rep Wolf, Frank R. [VA-10] – 6/11/2009
Rep Woolsey, Lynn C. [CA-6] – 2/26/2009
Rep Wu, David [OR-1] – 7/13/2009
Rep Yarmuth, John A. [KY-3] – 7/14/2009
Rep Young, C.W. Bill [FL-10] – 6/3/2009
Rep Young, Don [AK] – 3/6/2009

Step 2: Your Senator

HR 1207′s identical companion bill in the Senate is known as S 604, the Federal Reserve Sunshine Act, sponsored by Sen. Bernie Sanders.

S 604 Co-Sponsors
Sen Barrasso, John [WY] – 7/15/2009
Sen Bennett, Robert F. [UT] – 7/15/2009
Sen Boxer, Barbara [CA] – 9/17/2009
Sen Brownback, Sam [KS] – 7/8/2009
Sen Burr, Richard [NC] – 7/9/2009
Sen Cardin, Benjamin L. [MD] – 7/28/2009
Sen Chambliss, Saxby [GA] – 7/8/2009
Sen Coburn, Tom [OK] – 7/20/2009
Sen Cochran, Thad [MS] – 10/1/2009
Sen Cornyn, John [TX] – 7/20/2009
Sen Crapo, Mike [ID] – 6/25/2009
Sen DeMint, Jim [SC] – 6/11/2009
Sen Dorgan, Byron L. [ND] – 9/9/2009
Sen Feingold, Russell D. [WI] – 7/15/2009
Sen Graham, Lindsey [SC] – 7/24/2009
Sen Grassley, Chuck [IA] – 8/3/2009
Sen Harkin, Tom [IA] – 7/20/2009
Sen Hatch, Orrin G. [UT] – 7/24/2009
Sen Hutchison, Kay Bailey [TX] – 7/20/2009
Sen Inhofe, James M. [OK] – 7/9/2009
Sen Isakson, Johnny [GA] – 7/8/2009
Sen Landrieu, Mary L. [LA] – 12/17/2009
Sen Leahy, Patrick J. [VT] – 9/17/2009
Sen Lincoln, Blanche L. [AR] – 7/15/2009
Sen McCain, John [AZ] – 7/15/2009
Sen Murkowski, Lisa [AK] – 9/15/2009
Sen Risch, James E. [ID] – 8/3/2009
Sen Thune, John [SD] – 9/22/2009
Sen Vitter, David [LA] – 6/16/2009
Sen Webb, Jim [VA] – 8/3/2009
Sen Wicker, Roger F. [MS] – 10/1/2009
Sen Wyden, Ron [OR] – 1/28/2010

Step 3: The People

Tell everyone you know about HR 1207 and S 604 ask them to support the bills and to contact their representative as well. Link to this page and to CampaignForLiberty.com.

Link: http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/

Banner:

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Why Audit The Federal Reserve?

Ron Paul’s legislation is aimed at pulling back the curtain from a secretive and unaccountable Federal Reserve. Congress and the American people have minimal, if any, oversight over trillions of dollars that the Fed controls.

With recent bailouts and spending decisions shining a spotlight on the actions of the Federal Reserve, more and more pressure is bearing down on Congress to take action and demand accountability and transparency.

Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business.

Introducing HR 1207

Ron Paul introduced bill H.R. 1207 on February 26, 2009 with the following speech to Congress:

Madame Speaker,

I rise to introduce the Federal Reserve Transparency Act. Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation.

Serious discussion of proposals to oversee the Federal Reserve is long overdue. I have been a longtime proponent of more effective oversight and auditing of the Fed, but I was far from the first Congressman to advocate these types of proposals. Esteemed former members of the Banking Committee such as Chairmen Wright Patman and Henry B. Gonzales were outspoken critics of the Fed and its lack of transparency.

Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations. While the conventional excuse is that this is intended to reduce the Fed’s susceptibility to political pressures, the reality is that the Fed acts as a foil for the government. Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests.

The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government-established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight? Particularly when hundreds of billions of dollars of currency swaps have been announced and implemented, the Fed’s negotiations with the European Central Bank, the Bank of International Settlements, and other institutions should face increased scrutiny, most especially because of their significant effect on foreign policy. If the State Department were able to do this, it would be characterized as a rogue agency and brought to heel, and if a private individual did this he might face prosecution under the Logan Act, yet the Fed avoids both fates.

More importantly, the Fed’s funding facilities and its agreements with the Treasury should be reviewed. The Treasury’s supplementary financing accounts that fund Fed facilities allow the Treasury to funnel money to Wall Street without GAO or Congressional oversight. Additional funding facilities, such as the Primary Dealer Credit Facility and the Term Securities Lending Facility, allow the Fed to keep financial asset prices artificially inflated and subsidize poorly performing financial firms.

The Federal Reserve Transparency Act would eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to enhanced scrutiny. We hear officials constantly lauding the benefits of transparency and especially bemoaning the opacity of the Fed, its monetary policy, and its funding facilities. By opening all Fed operations to a GAO audit and calling for such an audit to be completed by the end of 2010, the Federal Reserve Transparency Act would achieve much-needed transparency of the Federal Reserve. I urge my colleagues to support this bill.

HR 1207

This is the bill itself, H.R. 1207:

111th Congress – 1st Session

H.R. 1207

A BILL

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.

1. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.
This Act may be cited as the “Federal Reserve Transparency Act of 2009″.

SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

(a) IN GENERAL. – Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after “shall audit an agency” and inserting a period.

(b) AUDIT. – Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection:

“(e) AUDIT AND REPORT OF THE FEDERAL RESERVE SYSTEM. -

“(1) IN GENERAL. – The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.

“(2) REPORT -

“(A) REQUIRED. – A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each sub-committee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.

“(B) CONTENTS. – The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.”.

Ron Paul’s Quotes on HR 1207

In this speech to Congress, Ron Paul refutes Ben Bernanke’s interpretation of HR 1207, the bill to audit the Federal Reserve, and explains why only an audit will protect the public’s interest.
Date: 7/30/2009

Ron Paul: Mr. Speaker, the big guns have lined up against HR 1207, the bill to audit the Federal Reserve. What is it that they are so concerned about? What information are they hiding from the American people? The screed is: transparency is okay except for those things they don’t want to be transparent.
Federal Reserve Chairman Ben Bernanke, argues that HR 1207, the legislation to audit the Federal Reserve, would politicize monetary policy. He claims that monetary policy must remain independent, that is; secret. He ignores history because chairmen of the Federal Reserve in the past, especially when up for reappointment, do their best to accommodate the president with politically driven low interest rates and a bubble economy.
Former Federal Reserve Board Chairman Arthur Burns, when asked about all the inflation he brought about in 1971 before Nixon’s reelection, said that the Fed has to do what the president wants it to do, or it would lose its independence. That about tells you everything.
Not by accident Chairman Burns strongly supported Nixon’s program of wage and price controls the same year, but I guess that’s not political. Is not making secret deals with the likes of Goldman Sachs, international financial institutions, foreign governments and foreign central banks politicizing monetary policy?
Bernanke argues that the knowledge that their discussions and decisions will one day be scrutinized will compromise the freedom of the Open Market Committee to pursue sound policy. If it is sound and honest and serves no special interest, what’s the problem?
He claims that HR 1207 would give power to Congress to affect monetary policy. He dreamt this up to instill fear, an old statist trick to justify government power. HR 1207 does nothing of the sort. He suggested that the day after an FOMC meeting, Congress could send in the GAO to demand an audit of everything said and done. This is hardly the case. The FOMC function under HR 1207 would not change.
The detailed transcripts of the FOMC meetings are released every 5 years, so why would this be so different and what is it that they don’t want the American people to know? Is there something about the transcripts that need to be kept secret, or are the transcripts actually not verbatim?
Fed sycophants argue that an audit would destroy the financial markets’ faith in the Fed. They say this in the midst of the greatest financial crisis in history brought on by none other than the Federal Reserve. In fact, Chairman Bernanke stated on November 14th 2007, “A considerable amount of evidence indicates that Central Bank transparency increases the effectiveness of monetary policy and enhances economic and financial performance”.
They also argue that an audit would hurt the value of the U.S. dollar. In fact, the Fed, in less than a 100 years of its existence, has reduced the value of the 1914 dollar by 96%.
They claim HR 1207 would raise interest rates. How could it? The Fed sets interest rates and the bill doesn’t interfere with monetary policy. Congress would have no say in the matter and besides, Congress likes low interest rates.
It is argued that the Fed wouldn’t be free to raise interest rates if they thought it necessary. But Bernanke has already assured the Congress that rates are going to stay low for the foreseeable future. And again, this bill does nothing to allow Congress to interfere with interest rate setting.
Fed supporters claim that they want to protect the public’s interest with their secrecy. But the banks and Wall Streets are the opponents of HR 1207, and the people are for it. Just who best represents the public’s interest?
The real question is: why are Wall Street and the Fed so hysterically opposed to HR 1207? Just what information are they so anxious to keep secret? Only an audit of the Federal Reserve will answer these questions.

Excerpt from Ron Paul’s 4/22/2009 appearance on Judge Andrew Napolitano’s Freedom Watch:

Ron Paul: After we came back yesterday from our 2-week break, I think have 15 new people signed on and somebody came up to me and says, “I signed on your bill this morning because I went to my town hall meetings, I went four of them and in every meeting people were there and say, “It’s time that we have transparency of the Fed.’”
But I call them the Fourth Branch of government. Some people don’t think of them as part of the government because they’re so secretive. But we created it, we can end it, we take no responsibility to supervise it, and look at what they’re doing. We spend hundreds of billions, but the Fed deals in trillions, and they don’t have any responsibility to tell us about it. So there’s a lot of power there and it deserves looking at.
And I think I have to say Barney Frank has been sympathetic with this. He’s for transparency. He’s not for hard money and the type of monetary policy I’m talking about. He believes that we should have more transparency of the Fed, so whether this bill gets passed or something very similar, the mood in the country is such that not only do they want us to be better in handling the appropriated fund and knowing where these TARP funds went, the American people have awakened to this whole idea of what the Federal Reserve does behind the scenes.
So I’m delighted. I’ve been pushing this monetary issue for more than 30 years believing it was THE significant economic issue of our time, and I think people are starting to realize this and we’re going to keep hearing about it and there’s a good chance that it will eventually make it to the floor.

Excerpt from Ron Paul’s 3/5/2009 appearance on Judge Andrew Napolitano’s Freedom Watch:

Judge Napolitano: Before we switch gears, Congressman Paul, how did Ben Bernanke react to the legislation that you introduced calling for an audit of the Fed. Did he give you a call on the phone?
Ron Paul: Oh yes, he called me, wanted to congratulate me and he wanted to support my bill. You know, interestingly, just recently, I cannot name his name but I was talking to a former member of the Federal Reserve board and told him about the bill and he was friendly enough.
I said, “What do you think of that?” He said, “I think it’s not a very good idea”. And I said, “Do the people at the Federal Reserve ever talk about, are concerned about the dollar”. I said, you know, I’m always talking about the dollar and what this is going to do to the dollar. And I said, “Do they know that all this debt and inflation could hurt the dollar?” He says, “Yes, they do.” He confirmed it. He said, “They absolutely do.” He says, “But they can’t answer your questions in public because it would cause panic.”
Judge Napolitano: This administration came to power and we all knew the words that they used, “hope” and “change”. But one of the words that they really used was “transparency”. I would think the President himself should be in favor of transparency at the Fed if he wants to be ideologically consistent. What are they afraid we will find out, Congressman Paul?
Ron Paul: Well, what they’re going to find out is, that’s the first step. Once we get the audit bill passed and we can reveal what they are doing, I think the next step is to end the Fed. That’s why they don’t want that.
You know, we had some very good comments made by our Senator Bernie Sanders yesterday from Vermont. I talked with him this morning and we’re going to be talking a lot about the need for having transparency.
And I think the mood is right. The mood is right both with the Democrats and the Republicans, because they don’t know exactly what is going on but they know the American people are sick and tired of just throwing money out there, whether it’s to the Treasury and nobody knows where it goes, whether they send it to Iraq and nobody knows where the bundles of money go, or whether the Federal Reserve can create 2 trillion dollars, and they don’t even have to tell us.
As a government all onto itself, it’s bigger than the whole U.S. Congress. They create trillions in a day, you know, in a short period of time, and in the Congress we do talk a little bit when we pass 400 million or 800 million. But the Fed is a much bigger problem.

Excerpt from Ron Paul’s 3/10/2009 interview with Alex Jones:

Alex Jones: Every few weeks they come before the banking committee and you bring up the fact that what they are doing is destroying us. What do we need to do to bring the private Federal Reserve under control?

Ron Paul: Well, there has to be an uprising by the people. There has to be enough people who will demand that their Congressmen respond, and that is building. You know, a year or two ago nobody in Washington even thought about the Federal Reserve. Today there is a lot more thinking going on and a lot more support for our position. So it is growing. And yet, we’re not on the verge of changing it. I have the bill to get rid of the Federal Reserve, that’s the major step and the ultimate step and they’ll probably self-destruct before we actually pass legislation.

But the bill that is more important in the short run is the auditing bill, the 1207 bill, because that means they have to start answering our questions. Today they are protected. They are in total secrecy and they are protected by the law. If 1207 is passed we have an audit and they have to answer the questions. And I figure if we ever get that far and get the exposure and get the transparency that we need, then people will wake up and realize, ‘why do we have them at all?’

Alex Jones: Senator Sanders grilled them, as you know, last week saying that he is supporting 1207 or a version in the Senate because, Bernanke, the private Fed chief just said, “I’m not going to tell you where the money, buddy.” I mean, that’s amazing to see our elected Congress, the most powerful branch of the government according to our founders, being told to kiss off.

Ron Paul: Right, and I know Sanders real well. He was on the banking committee with me before he went into the Senate, and I called him after that, and I believe he has now introduced my version of the transparency bill and I’ve introduced his version. So both bills exist. Mine is a little bit more conclusive, in that it removes the total authority for them to not answer questions. His is specifically designed to answer certain questions and reveal where certain trillion dollars went. They are very similar, but somewhat different in nature, so we both support each other’s bill and they’ve been introduced in both chambers.

Alex Jones: Well, public support for this and the majority of the Congress itself are saying they are angry, they don’t know where the money is and Bloomberg sued to find out and he’s been told No on their foyer. If this gets media attention I can see now way that Congress wouldn’t vote for a proper audit of the private Federal Reserve.

Ron Paul: They’re going to, if we can get it that far. It’s a good issue, like so many of our issues, we bring different many factions together, liberals and conservatives, under the constitution. Because, if you’re a good honest liberal like Bernie Sanders, he is an honest person but is very, very liberal. He calls himself a socialist, but he agrees on the transparency issue.

So this whole idea that we expose them to bring populists, libertarians, constitutionals, liberals, socialist all together and think, “If we can’t do this, what’s left of representative government? There’s nothing left.” So it’s a good unifier, I think it’s a great issue.

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Audit the Federal Reserve

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Listen to the Audit the Fed Song

The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erodes the value of the dollar.

For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 and 2010 his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself. But eventually the most significant portions of the bill were derailed. (Full story here.)

This year, Audit the Fed is back with a vengeance. Reintroduced on 01/26/2011 as HR 459, Ron Paul’s bill to audit the Federal Reserve now has 227 co-sponsors, and the numbers keep growing! HR 459′s companion bill in the Senate, S 202, has already attracted 20 co-sponsors.

This is history in the making, and victory is within reach. Imagine what will happen if HR 459, The Federal Reserve Transparency Act, comes up for vote in Congress! It has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.

Listen to the Audit the Fed Song

The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erodes the value of the dollar.

For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 and 2010 his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself. But eventually the most significant portions of the bill were derailed. (Full story here.)

This year, Audit the Fed is back with a vengeance. Reintroduced on 01/26/2011 as HR 459, Ron Paul’s bill to audit the Federal Reserve now has 227 co-sponsors, and the numbers keep growing! HR 459′s companion bill in the Senate, S 202, has already attracted 20 co-sponsors.

This is history in the making, and victory is within reach. Imagine what will happen if HR 459, The Federal Reserve Transparency Act, comes up for vote in Congress! It has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.

Step 1: Your Representative

If your representative is not on the following list of HR 459 co-sponsors, call their offices, write to them, email them. Let them know they need to support HR 459. If you live in their district, let them know. Go to their office.

Capitol Switchboard: (202) 224-3121

HR 459 Co-Sponsors
Rep Adams, Sandy [FL-24] – 2/11/2011
Rep Akin, W. Todd [MO-2] – 6/13/2011
Rep Alexander, Rodney [LA-5] – 1/26/2011
Rep Altmire, Jason [PA-4] – 2/16/2011
Rep Amash, Justin [MI-3] – 2/8/2011
Rep Amodei, Mark E. [NV-2] – 12/12/2011
Rep Austria, Steve [OH-7] – 4/11/2011
Rep Bachmann, Michele [MN-6] – 4/6/2011
Rep Bachus, Spencer [AL-6] – 1/26/2011
Rep Baldwin, Tammy [WI-2] – 2/28/2011
Rep Barletta, Lou [PA-11] – 2/15/2011
Rep Barrow, John [GA-12] – 10/13/2011
Rep Bartlett, Roscoe G. [MD-6] – 1/26/2011
Rep Barton, Joe [TX-6] – 1/26/2011
Rep Bass, Charles F. [NH-2] – 3/28/2012
Rep Benishek, Dan [MI-1] – 5/11/2011
Rep Berg, Rick [ND] – 1/18/2012
Rep Biggert, Judy [IL-13] – 3/29/2011
Rep Bilbray, Brian P. [CA-50] – 7/6/2011
Rep Bilirakis, Gus M. [FL-9] – 1/26/2011
Rep Bishop, Rob [UT-1] – 2/14/2012
Rep Bishop, Sanford D., Jr. [GA-2] – 2/15/2012
Rep Black, Diane [TN-6] – 2/7/2012
Rep Blackburn, Marsha [TN-7] – 1/26/2011
Rep Bonner, Jo [AL-1] – 6/22/2011
Rep Bono Mack, Mary [CA-45] – 1/18/2012
Rep Boustany, Charles W., Jr. [LA-7] – 5/23/2011
Rep Brooks, Mo [AL-5] – 2/7/2012
Rep Broun, Paul C. [GA-10] – 1/26/2011
Rep Buchanan, Vern [FL-13] – 2/8/2011
Rep Burgess, Michael C. [TX-26] – 1/26/2011
Rep Burton, Dan [IN-5] – 1/26/2011
Rep Calvert, Ken [CA-44] – 1/26/2011
Rep Camp, Dave [MI-4] – 9/12/2011
Rep Campbell, John [CA-48] – 1/26/2011
Rep Canseco, Francisco “Quico” [TX-23] – 2/8/2011
Rep Carter, John R. [TX-31] – 2/8/2011
Rep Cassidy, Bill [LA-6] – 2/15/2012
Rep Chaffetz, Jason [UT-3] – 1/26/2011
Rep Coble, Howard [NC-6] – 4/19/2012
Rep Coffman, Mike [CO-6] – 1/26/2011
Rep Cole, Tom [OK-4] – 5/10/2011
Rep Conaway, K. Michael [TX-11] – 2/27/2012
Rep Conyers, John, Jr. [MI-14] – 3/31/2011
Rep Cravaack, Chip [MN-8] – 11/29/2011
Rep Crawford, Eric A. “Rick” [AR-1] – 2/15/2012
Rep Crenshaw, Ander [FL-4] – 3/15/2011
Rep Culberson, John Abney [TX-7] – 5/2/2011
Rep Davis, Geoff [KY-4] – 2/8/2011
Rep DeFazio, Peter A. [OR-4] – 3/15/2011
Rep Dreier, David [CA-26] – 2/8/2011
Rep Duffy, Sean P. [WI-7] – 9/7/2011
Rep Duncan, Jeff [SC-3] – 4/15/2011
Rep Duncan, John J., Jr. [TN-2] – 2/8/2011
Rep Farenthold, Blake [TX-27] – 3/30/2011
Rep Fincher, Stephen Lee [TN-8] – 2/8/2011
Rep Fitzpatrick, Michael G. [PA-8] – 9/19/2011
Rep Flake, Jeff [AZ-6] – 3/30/2011
Rep Flores, Bill [TX-17] – 1/26/2011
Rep Forbes, J. Randy [VA-4] – 1/26/2011
Rep Fortenberry, Jeff [NE-1] – 1/26/2011
Rep Foxx, Virginia [NC-5] – 3/29/2011
Rep Frelinghuysen, Rodney P. [NJ-11] – 4/14/2011
Rep Gallegly, Elton [CA-24] – 1/26/2011
Rep Gardner, Cory [CO-4] – 5/2/2011
Rep Garrett, Scott [NJ-5] – 1/26/2011
Rep Gerlach, Jim [PA-6] – 1/26/2011
Rep Gibbs, Bob [OH-18] – 3/19/2012
Rep Gibson, Christopher P. [NY-20] – 3/1/2011
Rep Gingrey, Phil [GA-11] – 9/7/2011
Rep Gohmert, Louie [TX-1] – 1/26/2011
Rep Goodlatte, Bob [VA-6] – 3/1/2011
Rep Gosar, Paul A. [AZ-1] – 8/1/2011
Rep Gowdy, Trey [SC-4] – 3/29/2011
Rep Granger, Kay [TX-12] – 2/15/2011
Rep Graves, Sam [MO-6] – 4/5/2011
Rep Graves, Tom [GA-9] – 1/26/2011
Rep Green, Gene [TX-29] – 11/2/2011
Rep Griffin, Tim [AR-2] – 4/6/2011
Rep Griffith, H. Morgan [VA-9] – 3/15/2011
Rep Grimm, Michael G. [NY-13] – 10/24/2011
Rep Guinta, Frank C. [NH-1] – 4/15/2011
Rep Guthrie, Brett [KY-2] – 9/12/2011
Rep Hall, Ralph M. [TX-4] – 4/19/2012
Rep Harris, Andy [MD-1] – 3/11/2011
Rep Hartzler, Vicky [MO-4] – 9/19/2011
Rep Heck, Joseph J. [NV-3] – 3/29/2011
Rep Heller, Dean [NV-2] – 1/26/2011
Rep Herger, Wally [CA-2] – 4/15/2011
Rep Herrera Beutler, Jaime [WA-3] – 3/29/2011
Rep Hinchey, Maurice D. [NY-22] – 7/21/2011
Rep Hinojosa, Ruben [TX-15] – 3/8/2012
Rep Huelskamp, Tim [KS-1] – 5/3/2011
Rep Huizenga, Bill [MI-2] – 1/26/2011
Rep Hultgren, Randy [IL-14] – 6/2/2011
Rep Hurt, Robert [VA-5] – 5/23/2011
Rep Jenkins, Lynn [KS-2] – 3/30/2011
Rep Johnson, Bill [OH-6] – 5/18/2012
Rep Johnson, Sam [TX-3] – 3/10/2011
Rep Johnson, Timothy V. [IL-15] – 2/28/2011
Rep Jones, Walter B., Jr. [NC-3] – 1/26/2011
Rep Kaptur, Marcy [OH-9] – 1/26/2011
Rep Kelly, Mike [PA-3] – 5/12/2011
Rep Kingston, Jack [GA-1] – 3/17/2011
Rep Kinzinger, Adam [IL-11] – 4/19/2012
Rep Kissell, Larry [NC-8] – 6/2/2011
Rep Kline, John [MN-2] – 4/5/2011
Rep Kucinich, Dennis J. [OH-10] – 1/26/2011
Rep Labrador, Raul R. [ID-1] – 5/5/2011
Rep Lamborn, Doug [CO-5] – 1/26/2011
Rep Lance, Leonard [NJ-7] – 1/26/2011
Rep Landry, Jeffrey M. [LA-3] – 11/29/2011
Rep Lankford, James [OK-5] – 2/8/2011
Rep Latham, Tom [IA-4] – 3/2/2011
Rep LaTourette, Steven C. [OH-14] – 1/26/2011
Rep Latta, Robert E. [OH-5] – 5/4/2011
Rep Lewis, Jerry [CA-41] – 1/18/2012
Rep Lipinski, Daniel [IL-3] – 2/27/2012
Rep LoBiondo, Frank A. [NJ-2] – 1/26/2011
Rep Loebsack, David [IA-2] – 10/24/2011
Rep Lofgren, Zoe [CA-16] – 9/7/2011
Rep Lucas, Frank D. [OK-3] – 10/31/2011
Rep Luetkemeyer, Blaine [MO-9] – 2/8/2011
Rep Lummis, Cynthia M. [WY] – 3/29/2011
Rep Lungren, Daniel E. [CA-3] – 5/10/2012
Rep Mack, Connie [FL-14] – 2/15/2011
Rep Manzullo, Donald A. [IL-16] – 3/17/2011
Rep Marchant, Kenny [TX-24] – 1/26/2011
Rep Marino, Tom [PA-10] – 3/4/2011
Rep McCarthy, Kevin [CA-22] – 5/23/2011
Rep McCaul, Michael T. [TX-10] – 1/26/2011
Rep McClintock, Tom [CA-4] – 1/26/2011
Rep McCotter, Thaddeus G. [MI-11] – 2/18/2011
Rep McDermott, Jim [WA-7] – 4/16/2012
Rep McGovern, James P. [MA-3] – 7/6/2011
Rep McIntyre, Mike [NC-7] – 3/29/2011
Rep McKeon, Howard P. “Buck” [CA-25] – 1/26/2011
Rep McKinley, David B. [WV-1] – 1/26/2011
Rep McMorris Rodgers, Cathy [WA-5] – 1/26/2011
Rep Meehan, Patrick [PA-7] – 7/21/2011
Rep Mica, John L. [FL-7] – 3/19/2012
Rep Michaud, Michael H. [ME-2] – 3/17/2011
Rep Miller, Candice S. [MI-10] – 8/5/2011
Rep Miller, Gary G. [CA-42] – 1/26/2011
Rep Miller, Jeff [FL-1] – 1/26/2011
Rep Mulvaney, Mick [SC-5] – 2/8/2011
Rep Murphy, Tim [PA-18] – 4/1/2011
Rep Myrick, Sue Wilkins [NC-9] – 1/26/2011
Rep Neugebauer, Randy [TX-19] – 4/12/2011
Rep Noem, Kristi L. [SD] – 10/13/2011
Rep Nugent, Richard [FL-5] – 2/8/2011
Rep Nunnelee, Alan [MS-1] – 3/8/2012
Rep Paulsen, Erik [MN-3] – 12/6/2011
Rep Pearce, Stevan [NM-2] – 2/15/2012
Rep Peterson, Collin C. [MN-7] – 4/26/2012
Rep Petri, Thomas E. [WI-6] – 1/26/2011
Rep Platts, Todd Russell [PA-19] – 4/15/2011
Rep Poe, Ted [TX-2] – 2/3/2012
Rep Polis, Jared [CO-2] – 3/29/2011
Rep Pompeo, Mike [KS-4] – 7/25/2011
Rep Posey, Bill [FL-15] – 1/26/2011
Rep Price, Tom [GA-6] – 7/6/2011
Rep Quayle, Benjamin [AZ-3] – 2/3/2012
Rep Reed, Tom [NY-29] – 1/26/2011
Rep Rehberg, Denny [MT] – 1/26/2011
Rep Ribble, Reid J. [WI-8] – 3/10/2011
Rep Rigell, E. Scott [VA-2] – 2/8/2011
Rep Roe, David P. [TN-1] – 9/7/2011
Rep Rogers, Mike D. [AL-3] – 5/10/2011
Rep Rogers, Mike J. [MI-8] – 3/17/2011
Rep Rohrabacher, Dana [CA-46] – 1/26/2011
Rep Rokita, Todd [IN-4] – 5/10/2011
Rep Rooney, Thomas J. [FL-16] – 9/12/2011
Rep Roskam, Peter J. [IL-6] – 7/29/2011
Rep Ross, Dennis [FL-12] – 1/26/2011
Rep Ross, Mike [AR-4] – 2/8/2011
Rep Rothman, Steven R. [NJ-9] – 5/23/2011
Rep Runyan, Jon [NJ-3] – 5/3/2011
Rep Scalise, Steve [LA-1] – 10/13/2011
Rep Schilling, Robert T. [IL-17] – 4/5/2011
Rep Schmidt, Jean [OH-2] – 2/7/2012
Rep Schock, Aaron [IL-18] – 1/26/2011
Rep Schrader, Kurt [OR-5] – 3/10/2011
Rep Schweikert, David [AZ-5] – 2/8/2011
Rep Scott, Austin [GA-8] – 9/7/2011
Rep Scott, Tim [SC-1] – 9/13/2011
Rep Sensenbrenner, F. James, Jr. [WI-5] – 2/11/2011
Rep Shimkus, John [IL-19] – 4/12/2011
Rep Shuster, Bill [PA-9] – 5/23/2011
Rep Simpson, Michael K. [ID-2] – 1/26/2011
Rep Smith, Adrian [NE-3] – 1/26/2011
Rep Smith, Christopher H. [NJ-4] – 4/19/2012
Rep Smith, Lamar [TX-21] – 1/26/2011
Rep Speier, Jackie [CA-12] – 11/30/2011
Rep Stark, Fortney Pete [CA-13] – 5/3/2011
Rep Stearns, Cliff [FL-6] – 3/29/2011
Rep Stivers, Steve [OH-15] – 3/26/2012
Rep Stutzman, Marlin A. [IN-3] – 3/10/2011
Rep Sullivan, John [OK-1] – 6/13/2011
Rep Terry, Lee [NE-2] – 3/4/2011
Rep Thompson, Glenn [PA-5] – 1/26/2011
Rep Thornberry, Mac [TX-13] – 2/15/2011
Rep Tiberi, Patrick J. [OH-12] – 5/25/2011
Rep Tierney, John F. [MA-6] – 5/3/2011
Rep Tipton, Scott [CO-3] – 4/5/2011
Rep Turner, Michael R. [OH-3] – 5/23/2011
Rep Upton, Fred [MI-6] – 2/14/2012
Rep Visclosky, Peter J. [IN-1] – 4/1/2011
Rep Walberg, Tim [MI-7] – 2/11/2011
Rep Walden, Greg [OR-2] – 11/2/2011
Rep Walsh, Joe [IL-8] – 2/17/2011
Rep Webster, Daniel [FL-8] – 5/10/2012
Rep Welch, Peter [VT] – 6/22/2011
Rep West, Allen B. [FL-22] – 10/24/2011
Rep Westmoreland, Lynn A. [GA-3] – 2/8/2011
Rep Wilson, Joe [SC-2] – 2/28/2011
Rep Wittman, Robert J. [VA-1] – 1/26/2011
Rep Wolf, Frank R. [VA-10] – 9/7/2011
Rep Womack, Steve [AR-3] – 9/7/2011
Rep Woodall, Rob [GA-7] – 1/26/2011
Rep Woolsey, Lynn C. [CA-6] – 1/26/2011
Rep Wu, David [OR-1] – 5/4/2011
Rep Yarmuth, John A. [KY-3] – 5/3/2011
Rep Yoder, Kevin [KS-3] – 8/5/2011
Rep Young, C.W. Bill [FL-10] – 1/26/2011
Rep Young, Don [AK] – 1/26/2011
Rep Young, Todd C. [IN-9] – 3/29/2011

  202 Co-Sponsors

Sen Barrasso, John [WY] – 10/6/2011
Sen Blunt, Roy [MO] – 10/6/2011
Sen Boozman, John [AR] – 5/24/2011
Sen Burr, Richard [NC] – 10/6/2011
Sen Chambliss, Saxby [GA] – 7/25/2011
Sen Coburn, Tom [OK] – 10/6/2011
Sen Cornyn, John [TX] – 3/28/2012
Sen Crapo, Mike [ID] – 9/6/2011
Sen DeMint, Jim [SC] – 1/26/2011
Sen Grassley, Chuck [IA] – 10/31/2011
Sen Hatch, Orrin G. [UT] – 5/24/2011
Sen Heller, Dean [NV] – 6/22/2011
Sen Inhofe, James M. [OK] – 10/6/2011
Sen Lee, Mike [UT] – 3/1/2011
Sen McCain, John [AZ] – 10/31/2011
Sen Risch, James E. [ID] – 10/6/2011
Sen Rubio, Marco [FL] – 10/6/2011
Sen Thune, John [SD] – 10/6/2011
Sen Vitter, David [LA] – 1/26/2011
Sen Wicker, Roger F. [MS] – 10/6/2011

Here’s a sample letter you can use:

HR 459 (House) Dear Representative, Please co-sponsor and/or support HR 459, an effort to audit the Federal Reserve. Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going. Currently there are 227 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going. Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it. Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure. Sincerely,

S 202 (Senate) Dear Senator, Please co-sponsor and/or support S 202, an effort to audit the Federal Reserve. Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going. Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it. Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure. Sincerely,

Step 3: The People

Tell everyone you know about HR 459 and S 202. Ask them to support the bills and to contact their representative as well. Link to this page and to CampaignForLiberty.com.

Link: http://www.ronpaul.com/legislation/audit-the-federal-reserve-fed-hr-459-s202/

Banner:

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Read the Bill

H.R.459 — Federal Reserve Transparency Act of 2011 (Introduced in House – IH)

HR 459 IH

112th CONGRESS 1st Session

H. R. 459

To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States before the end of 2012, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 26, 2011

A BILL

To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States before the end of 2012, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Federal Reserve Transparency Act of 2011′.

SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

(a) In General- Notwithstanding section 714 of title 31, United States Code, or any other provision of law, an audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) of such section 714 shall be completed before the end of 2012.

(b) Report-

• (1) IN GENERAL- A report on the audit required under subsection (a) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each subcommittee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.

• (2) CONTENTS- The report under paragraph (1) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.

(c) Repeal of Certain Limitations- Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after `in writing.’.

(d) Technical and Conforming Amendment- Section 714 of title 31, United States Code, is amended by striking subsection (f).