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

from The New american

Monday, 28 May 2012 12:09

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

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

2 comments

  1. Julie says:

    Here is the audit of the Federal Reserve from July 2011 http://www.sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf

    Here is the article about the $16+ trillion dollar bailout on the audit http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

    99% pays no credit or loans the month of June
    http://www.facebook.com/events/417243574982403/

  2. dgcrenshaw says:

    The difference is H.R. 459 calls for legislation to “thoroughly audit” the secretive Federal Reserve Bank not just some of their actions, but to conduct a complete audit. Something that has never been accomplished.

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