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"Seek wisdom by keeping an open mind to alternative realities, questioning authority, and searching for truth. Only then, when you see or hear something that has 'the ring of truth' to it, will it be as if a veil has been lifted, and suddenly you will begin to hear and see far more clearly than ever before." - Rickoff -
Recent developments
YouTube - Ron Paul - MSNBC 12/3/09
YouTube - Ron Paul - The Ed Show - MSNBC 12/03/09
Latest count = 317 cosponsors for HR 1207Last edited by rickoff; 01-01-2010, 06:08 AM."Seek wisdom by keeping an open mind to alternative realities, questioning authority, and searching for truth. Only then, when you see or hear something that has 'the ring of truth' to it, will it be as if a veil has been lifted, and suddenly you will begin to hear and see far more clearly than ever before." - RickoffComment
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No Audit, No Bernanke
January 21, 2010
Dear Supporter of Transparency.
Our country's economic future is in Ben Bernanke's hands on a daily basis.
Now his job security is in ours.
Be sure to immediately call your senators with a simple message: "No vote on Bernanke until we get a vote on Audit the Fed."
Click here to find contact information for your senators.
Here's what's going on and why you need to act immediately:
Senator Jim DeMint (R-SC) has led the charge to place a "hold" on Bernanke's nomination to a second term as Fed chairman until the Senate votes on Audit the Fed. This means to get a vote on Bernanke, Harry Reid has to have a vote on "cloture," and that requires a super-majority of 60 votes. Insiders believe that Harry Reid is threatening to ram through a cloture vote as early as next week.
Senator DeMint is joined by David Vitter, Jim Bunning, and Bernie Sanders in his efforts, but these senators cannot succeed alone. A strong message from Audit the Fed activists like you could start a stampede in the Senate that will make Harry Reid back off of Bernanke and give us a vote on Audit the Fed.
Click here to find contact information for your senators.
Make sure you let them know that:
1.) If they are not cosponsoring Audit the Fed, you expect them to sign on in support of finding out what the Fed has done with trillions of our dollars. Tell them you will make sure their constituents know of their action or inaction on this issue.
2.) They must vote "no" on cloture until after there is a vote on Audit the Fed. No vote should be taken on Ben Bernanke's confirmation, or the nomination of anyone else for Fed Chairman, until Audit the Fed has received a public, up or down vote. The real issue here is not the Fed chairman himself. It is the need for complete transparency.
Ben Bernanke's term as Fed chairman expires on January 31, so Harry Reid is under pressure from President Obama to act quickly.
It's time to turn up the pressure.
Take action today to push for a vote on Audit the Fed, S. 604!
Sincerely,
The Audit the Fed Coalition
Audit the Fed
Our mailing address is:
5211 Port Royal Road, Suite 310, Springfield, VA 22151
Copyright (C) 2009 Audit the Fed All rights reserved.
As stated above Sen Reid will try to ram the cloture vote through quickly, so we need to act now!
Al
Last edited by ANTIQUER; 01-22-2010, 09:07 AM.AntiquerComment
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Yes Al, it is important that we contact our representatives and demand a vote on Audit The Fed before any consideration is given to Bernanke.
The correct "click here" link to find your representatives, and a prepared message, or telephone talking points, is found here: Audit the Fed"Seek wisdom by keeping an open mind to alternative realities, questioning authority, and searching for truth. Only then, when you see or hear something that has 'the ring of truth' to it, will it be as if a veil has been lifted, and suddenly you will begin to hear and see far more clearly than ever before." - RickoffComment
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Rep. Grayson update
Hi Rick;
Here's the latest from Grayson;
Last year, I asked the Vice Chairman of the Federal Reserve Board who received $1 trillion in funds that the Fed handed out to domestic banks and financial institutions. He said, essentially, "I'm not going to tell you." More recently, I asked the Chairman of the Fed who received the half trillion dollars - that's $500,000,000,000 - that the Fed handed over to foreign central banks. He said he didn't know. Half a trillion dollars, and he doesn't know!
That kind of ignorance and arrogance must end. We need to audit the Fed. And now we're closer than ever.
The House passed our bill to conduct the first independent audit of the Fed in its 96-year history. Now it's time for the Senate to act.
A bipartisan group of Senators is pushing for an amendment to audit the Fed. This amendment is similar to the legislation that we passed in the House last year. It's called the Federal Reserve Accountability Amendment. It will ensure that the American people know to whom the Fed is lending our money.
A vote on the amendment is imminent. Time is of the essence. Visit UnmaskTheFed.com NOW to contact your Senators, and call on them to cosponsor and support the Federal Reserve Accountability Amendment.
The amendment is simple. If it passes, the Fed finally will be audited. Regarding all those billions that the Fed hands out like party favors, we will find out who, what, when, where and how. (We already know "why" - the answer to that question is "Wall Street Greed".) But if this amendment fails, the Fed can continue to make hand out our money to whomever it wants, without telling Congress or the American People.
We think we can pass the Senate Amendment, with your help. The amendment is already cosponsored by progressive heroes like Bernie Sanders, Pat Leahy and Russ Feingold. And joining us in this strange-bedfellows coalition are John McCain, Jim DeMint, David Vitter and Sam Brownback. (We hesitate to use the terms "bedfellows" and "David Vitter" in the same sentence, but that would be changing the subject.)
With such bipartisan support, you'd think that passing this legislation would be a slam dunk. Wrong. Wall Street bankers and their lobbyists are twisting arms and pouring millions into the campaign coffers of politicians on both sides of the political divide, to keep their sweetheart Fed loans under wraps. It's time to counter their influence-peddling by making the Senate listen to the united voice of the American People. (That would be you.)
It's time to step up the pressure. Contact your Senators NOW at UnmasktheFed.com.
Courage,
Alan
Al
AntiquerComment
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Good luck!Comment
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Fed to be audited!
Latest update from Rep. Grayson;
AlThe Senate just voted, 96-0, to audit the Federal Reserve. Soon, we will know what the Federal Reserve did with the trillions of dollars that it handed out during the financial crisis.
A few months ago, such a vote would have been unthinkable. One senior Treasury official claimed he would fight to stop an audit 'at all costs'. Senator Chris Dodd predicted that an audit would spell economic doom, while Senator Judd Gregg attacked accountability for the Fed as "pandering populism".
Today, both the Treasury Department and Senator Dodd support this amendment. As for Judd Gregg, he was just on the floor of the Senate discussing -- of all people -- 19th century populist Presidential candidate William Jennings Bryan.
What happened?
People Power is what happened. We built a coalition of people on the right and the left, ordinary citizens and economists, ex-regulators and politicians, all with one question for which we demanded an answer: "What happened to our money?"
No longer can Ben Bernanke get away with saying, "I don't know."
Now, we're going to know who got what, and why.
Releasing this information will show that the Federal Reserve's arguments for secrecy are -- and have always been -- a ruse, to cover up the handing out of hundreds of billions of dollars like party favors to the Wall Street favorites who brought the American economy to the brink of ruin.
But our work isn't quite done. The Senate audit provision isn't as strong as what we passed in the House. The Senate provision has only a one-time audit, whereas what we passed in the House would allow audits going forward. There will be a conference committee that will merge the provisions from the two bills.
The need for audits and oversight over Fed handouts going forward is great. The financial crisis isn't over, and neither are the Fed's secret bailouts. Earlier this week, the Federal Reserve announced it was going underwrite the Greek bailout by lending dollars to the central banks of Europe, England, and Japan. The loans may never be paid back, the Fed accepts the risk that the dollar will strengthen in the meantime, and the interest rate charged by the Fed is very likely at below-market rates. So such loans are in effect just a subsidy, to bail out foreigners.
The Fed has not been chastened. It is bolder and more of a rogue actor than ever. It's clear that without full audit authority going forward, the Fed will continue to give out "foreign aid" without Congressional or even Executive permission.
And it will do so in secret.
So we will be fighting on to get a full audit from the conference committee.
But let's not lose sight of what we have accomplished so far - real independent inquiry into the Fed, and its incestuous relationships with Wall Street banks. For the first time ever.
Our calls, emails, lobbying, blogging, and support really mattered. We made it happen.
Today, we beat the Fed.
Courage,
Alan Grayson
AntiquerComment
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I would not start celebrating and dancing to the streets just yet. In case you are not aware Ron Paul did not vote for this bill even thought he was the one who proposed it. Why not? Well because it seems that the bankers paid off enough politicians to get it watered down to a point where it will not be a threat.
So unless those who want to see a real audit take place are able to get changes to strengthen this bill I suspect what we will see in effect is the auditors standing around with their blinders firmly in place and looking at the ground saying "we have looked but could not find anything out of the ordinary".
So everything is under control and everyone can go back to watching their TV reality shows at least until the bankers come and foreclose on your home.
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