HR 1207 has 300 co-sponsors and would require the Congress to AUDIT THE FEDERAL RESERVE. Every single Republican in Congress is behind it.
The companion bill, Senate 604, has 20 co-sponsors.
The Federal Reserve is a PRIVATE bank that is owned and run by a network of global bankers. It was created by the Federal Reserve Act of 1913, passed in the dark of night, illegally. Barney Frank is holding up the bill.
They have been given complete control over our financial affairs, including the right to print money, which is against the US Constitution. By printing too much money, they create inflation that WE pay for. They claim that because they are a private entity, they are not required to answer to anyone, not the President, not the Congress, nor the people about where all this bailout money has gone.
According to those in Congress, these international banksters and their allies in our federal government raided our Treasury, stole our tax dollars, and nearly sank our economy.
Now, the Federal Reserve is going to be given even more power. The new rules would see the Fed given the authority to “regulate” any company whose activity it believes could threaten the economy and the markets. The government, in conjunction with the private Federal Reserve, would effectively have the clout to simply seize and take over any company it desires.
Write to your Senators and ask them to please co-sponsor and/or support S 604, an effort to Audit the Federal Reserve.
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.
Note: In recent questioning of Bernanke’s and Paulson’s activities, Federal Reserve Chairman Bernanke complained that they would not want to reveal their policies in an audit by the GAO, and that Congress has no right to force them to do so because it would constitute a takeover of the monetary policy by the Congress! We have news for them, it’s the other way around – Congress is the ONLY body that has the Constitutional right to control monetary policy; to print and regulate US currency, not some private banking cartel who prints the money and manipulates the economy to their benefit.
Also, China and others are still pushing for a new, global currency. Our “Fed” officials have admitted (Geithner) they are on board with this. This would mean 10¢ on your dollar.
In this video, Rep Grayson speaks to Bernanke who cites the Federal Reserve Act as an excuse for their behavior.
Here is a good website that is tracking this issue: Audit the Fed