Audit of Federal Reserve - co-sponsors now total 179 !

[Vortex]

Ok !

Source link
H.R. 1207, the Federal Reserve Transparency Act of 2009 (google for H.R. 1027)
On May 05, 2009 there were 124 co-sponsors and as of May 25, 2009 there are 179 co-sponsors.
For reference the total number of voting representatives is 435.

The bills author (guess who):
"Audit the Fed, Then End It!"

The bill calls for the comptroller general of the United States to audit the private Federal Reserve and report to Congress before the end of 2010.

The question becomes: Can the world wait until the "end of 2010"?

Randy

[Pamela Vicik-Smith]

This is interesting Randy.

Have you read that Federal Reserve notes may be replaced with Treasury notes? According to information I have been reading, the banks already have the Treasury notes in posession and are just waiting for the word to make the switch. At which point, the notes will be backed by precious metals (silver, gold, platinum).

[Vortex]

New Ball Game

This is interesting Randy.

Have you read that Federal Reserve notes may be replaced with Treasury notes? According to information I have been reading, the banks already have the Treasury notes in posession and are just waiting for the word to make the switch. At which point, the notes will be backed by precious metals (silver, gold, platinum).

Yes, I see that since you brought it up.
In this 25 min speech in Houston, Ron Pual mentions those Treasury Notes saying
they are just like Federal Reserve Notes .. in that they are only just paper
and really cheap to MAKE.
(Ron does not say anything about them being backed by anything, more thin air?)

Story posted February 21, 2009
Video End the Fed speech in Houston.

I've heard that the Federal Reserve has been secretly purchasing just about
every corporation in the USA. Those assets should be given back to the
people, shares with dividends .. I think could handle that burden ..
I don't care who claims to own the corporations now. The money was stolen
and the assets purchased are ours.

WND recently reported that under the fiscal policies of the Fed,
the total obligations of the United States have reached $65.5 trillion

This $65.5 trillion was used to purchase the USA corporations and it belongs to us the people.


Just Smoke and Mirrors. If the lips are moving it's a lie .. if lips are not moving it's still a lie.

How do we handle this $65.5 trillion? You don't. It's called bankruptcy.
End of central bank ball-game.
The world creates a different game.
New Rules,.
New game.
Clean slate.
No score.
Play ball.


Source link

[wpage]

Das Capital

Sounds like capitalism at its finest!

[Vortex]

Cosponsors are at 190 now. .. this should be increasing faster than it is.
That's around 43% of the voting representatives ..

Has there ever been a bill with this many cosponsors before?

The bill has been: "Referred to Committee" see View Committee Assignments

[Vortex]

Update

Cosponsors are at 190 now. .. this should be increasing faster than it is.
That's around 43% of the voting representatives ..

Has there ever been a bill with this many cosponsors before?

The bill has been: "Referred to Committee" see View Committee Assignments

Status: 241 of 435 representatives have become cosponsors of this bill.
That's 55.4% of the representatives ...

The link below explains how this bill could never go to the floor for a vote
if it never gets out of the "Committee" that is reviewing it.
The link also lists the names of the 71 people in that
House Committee on Financial Services
32 of the 71 members in the Committee have not become a cosponsor.
More than 1/2 of the members a cosponsor. I don't know what the ratio
of yeas/nays has to be to get it out of Committee.

audit-the-federal-reserve-hr-1207


It's moving, just not fast enough ..

[Mad Scientist]

This is my take on what is going on. The Federal Reserve Bank has got to go.

It is my belief that major portion of our money problems can be laid in the lap of the FRB. Although this is not to say that our politicians of both parties through some of their90% of its purchasing power. sole rightturn this right over to a private bank. (Actually a group of banks, some of which are not even American owned.) The reason is actually quite simple, the bankers wanted take control of the country and they did this by taking control of our money. All that they needed to do was buy up enough politicians who it turn passed the FRB act. This put them in control of our money and not congress. This meant that whenever the government needed money it would now barrow it from these banks, and of course pay interest on the loaned money, rather then print it them self interest free. Such a deal, with politicians like this who needs enemies?

But that was not enough, they then lobbied for and got the gold standard removed as his was too restraining on their ability to control our money. Which is precisely why one would want something like the gold standard. So now that the government was borrowing money rather then printing it, it now needed a source of income to pay back the loans plus the interest charged. Thus we have the realas planed when these high risk loans started to fail and thus this whole house of cards started to collapse little banks are bought by big banks which turn are bought out by bigger banks with most of it being done for pennies on the dollar. While much of these assets were now worthless still along with them came the very real collateral that people had put up. This allowed the transfer/confiscation of large amounts of real

[Joit]

YouTube - Bernanke warns that meddling with Fed's monetary policy cause harm economy

It does not sounds like at all, that the FED is happy about, to cooperate with someone. More like, Keep your Hands off from my Matters.

[aljhoa]

H.r. 645

YouTube - Bernanke warns that meddling with Fed's monetary policy cause harm economy

It does not sounds like at all, that the FED is happy about, to cooperate with someone. More like, Keep your Hands off from my Matters.

Research "H.R. 645:National Emergency Centers Establishment Act"
H.R. 645: National Emergency Centers Establishment Act (GovTrack.us)
it is still in the hands of
H.R. 645 - Committee Assignments: National Emergency Centers Establishment Act (GovTrack.us)
Al

[aljhoa]

Time And Time Again History Repeats Itself

This is interesting Randy.

Have you read that Federal Reserve notes may be replaced with Treasury notes? According to information I have been reading, the banks already have the Treasury notes in posession and are just waiting for the word to make the switch. At which point, the notes will be backed by precious metals (silver, gold, platinum).

"Time and time again we can draw parallels from what is happening today, to historical examples of the past. "
see:
History Repeats Itself
Al

[Ingram]

Thanks for breaking that out Mad Scientist

[aljhoa]

Time and time again history repeats itself

I believe that banking institutions are more dangerous to our liberties than standing armies. 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 the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. Thomas Jefferson in 1802
Banking Institutions are More Dangerous to our Liberties than Standing Armies | California Tea Party
Al

[Vortex]

update

Audit the Fed as of 7/23/2009

HR 1207 has 276 Co-Sponsors in the House
S 604 has 17 Co-Sponsors in the Senate

Audit the Federal Reserve: HR 1207 and S 604 | Ron Paul .com

[rickoff]

Audit and Abolish FED is good start, but not enough.

Some good posts on this subject Randy, Mad Scientist, and others.
It's good to see this legislation being introduced. Still, the current proposals don't go far enough. The FED should not only be abolished, but should also be declared illegal and unconstitutional to begin with. And once so declared, all accrued interest obligations should be completely wiped out and the improperly obtained wealth of the Federal Reserve Banks, and associated individuals who have profited from these ill gotten gains, should be confiscated and used to pay down our national debt. If we simply end the FED, the robber barons get to walk away with their usurped wealth intact. These steps are justified, and if not taken will not be enough to save our nation from financial disaster. One look at our National Debt clock should be enough to startle anyone, but looking again tomorrow or a week from now at the increase in debt will be downright scary.

U.S. National Debt Clock

Borrowing massive amounts of money from the FED for government "economic stimulus" programs only compounds the debt problem, which has long since become unmanageable. It is akin to the foolishness of someone maxing out their credit card and continually paying only the "minimum payment" amount while the balance owed increases every month, and then looking for other credit lines to use in making the "minimum payments" while spending even more borrowed money that will be impossible to ever pay back.

Rick

[Vortex]

Some good posts on this subject Randy, Mad Scientist, and others.
It's good to see this legislation being introduced. Still, the current proposals don't go far enough. The FED should not only be abolished, but should also be declared illegal and unconstitutional to begin with. And once so declared, all accrued interest obligations should be completely wiped out and the improperly obtained wealth of the Federal Reserve Banks, and associated individuals who have profited from these ill gotten gains, should be confiscated and used to pay down our national debt. If we simply end the FED, the robber barons get to walk away with their usurped wealth intact. These steps are justified, and if not taken will not be enough to save our nation from financial disaster. One look at our National Debt clock should be enough to startle anyone, but looking again tomorrow or a week from now at the increase in debt will be downright scary.

U.S. National Debt Clock

Borrowing massive amounts of money from the FED for government "economic stimulus" programs only compounds the debt problem, which has long since become unmanageable. It is akin to the foolishness of someone maxing out their credit card and continually paying only the "minimum payment" amount while the balance owed increases every month, and then looking for other credit lines to use in making the "minimum payments" while spending even more borrowed money that will be impossible to ever pay back.

Rick

Following up with your economic slant and Ron Paul, I put forward
an interview with Ron Paul done Aug/1988 !!! and it is amazing
the contain spoken about.
I'm constantly asking myself how I could be so ignorant for so
long about everything.
ATS Video: Ron Paul - The American Power Elite: (1) Aug,1988
Did you know Ron Paul was the Libertarian Candidate for President in 1988?