So much for the ongoing secrecy of the nation’s independent central banking system. A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.
Audit the Federal Reserve: HR 1207 and S 604
Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 281 co-sponsors, and the numbers keep growing! HR 1207’s companion bill in the Senate, S 604, has already attracted 20 co-sponsors.
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.
6 comments:
can't remember where i watched it , but there was a clip of a senate commitee interviewing the female head of the federal reserve and she admitted she didn't and no one knew where over a trillion dollars was at..what it was spent for..nothing..just we are still looking into it..made me want to smack someone..hard
I'm not sure HOW to audit the Fed. They're not a real bank. They just set policy. It's been a long time since Economics class, but I think this could just be somebody trying to make political points.
I don't think it will hurt anything to look into it. They sure don't want us to, so that seems like a pretty good reason right there.
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