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Ron Paul's Bill Hr1207 "audit The Fed" Reachs 209 Sponsers - Only 9 To Go!

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I just heard this on US radio news. Ron Paul only needs 9 more cosponsers to get a majority. :ph34r:

I will get a link as soon as something pops up on the net.

HR1207 Federal Reserve Transparency Act

Sponsor: Rep Paul, Ron [TX-14] (introduced 2/26/2009) Cosponsors (209) 6/10/2009

The 'Audit the Fed' bill, introduced in late February 2009 as H.R. 1207, now has 209 co-sponsors (218 required) in the U.S. House. The bill would give Congress and the media the power to examine the hidden operations and closed-door meetings of our central bank, and let us all discover who has been getting the bailout funds.

Fed Would Be Shut Down If It Were Audited, Expert Says

http://www.cnbc.com/id/31204170

Poor Ben. :lol::lol::lol:

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I just heard this on US radio news. Ron Paul only needs 9 more cosponsers to get a majority. :ph34r:

I will get a link as soon as something pops up on the net.

Fed Would Be Shut Down If It Were Audited, Expert Says

http://www.cnbc.com/id/31204170

Poor Ben. :lol::lol::lol:

My opinion on this is that there will be a Presidential edict forbidding it, if it should come to that level.

Exposing the inner workings of the worlds top bankers will spell disaster for our eggshell economy and state apparatus.

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My opinion on this is that there will be a Presidential edict forbidding it, if it should come to that level.

Exposing the inner workings of the worlds top bankers will spell disaster for our eggshell economy and state apparatus.

It backs them into a no-win situation IMO. If Obama steps in and says no, then even the dog on the street will know that something is very wrong.

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It backs them into a no-win situation IMO. If Obama steps in and says no, then even the dog on the street will know that something is very wrong.

True. But chaining the door shut to Ron Paul brings the plausible deniability factor, which the Yanks excel at.

Personally, I would love to see it all out in the open, then razed to the ground.

But if people see that they have been duped for generations, especially having gained their 1776 independence from the Bank of England, they will go completely ape sh1t and bring down the state.

Hmmm....

Edited by cashinmattress

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It will never be allowed to happen in the manner Mr Paul wishes, even if the remaining 9 sponsers are found. I expect Bernanke will be printing $$$ right now to fund a massive order of brooms and carpets, just in case.

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It will never be allowed to happen in the manner Mr Paul wishes, even if the remaining 9 sponsers are found. I expect Bernanke will be printing $$$ right now to fund a massive order of brooms and carpets, just in case.

Don't forget the 2033001.jpg, and the liquid_paper.jpg, and finally, a few paper-shredder-cyclone.jpg.

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True. But chaining the door shut to Ron Paul brings the plausible deniability factor, which the Yanks excel at.

Personally, I would love to see it all out in the open, then razed to the ground.

But if people see that they have been duped for generations, especially having gained their 1776 independence from the Bank of England, they will go completely ape sh1t and bring down the state.

Hmmm....

It'll be very interesting to see how they try to combat this. It draws lots of attention to the issue either way.

The amount of support for this bill is unbelievable to me. I honestly thought it would never get off the ground when I first heard about it.

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Why are grassy knolls suddenly coming to mind?

It would probably be a dangerous move. Ron Paul has a fairly large (and growing) youth movement behind him and they are fully aware of the risks he is taking. They would spot foul play a mile off because they almost expect it.

Besides, you don't want to upset the Texans. :ph34r:

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I read the comments on a petition to raise support for this initiative and loved the comment by one that, should it fail to gain support, they should march on Washington with nooses and rifles! :lol:

:o:o:o

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Guest spp

Just take a look around youtube...Ron Paul is well supported in the U.S and possibly our only hope IMO!

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Here's Dr. Paul's statement introducing the bill:

Madam Speaker, I rise to introduce the Federal Reserve Transparency Act. Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve's loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation.

Serious discussion of proposals to oversee the Federal Reserve is long overdue. I have been a longtime proponent of more effective oversight and auditing of the Fed, but I was far from the first Congressman to advocate these types of proposals. Esteemed former members of the Banking Committee such as Chairmen Wright Patman and Henry B. Gonzales were outspoken critics of the Fed and its lack of transparency.

Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations. While the conventional excuse is that this is intended to reduce the Fed's susceptibility to political pressures, the reality is that the Fed acts as a foil for the government. Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests.

The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government-established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight? Particularly when hundreds of billions of dollars of currency swaps have been announced and implemented, the Fed's negotiations with the European Central Bank, the Bank of International Settlements, and other institutions should face increased scrutiny, most especially because of their significant effect on foreign policy. If the State Department were able to do this, it would be characterized as a rogue agency and brought to heel, and if a private individual did this he might face prosecution under the Logan Act, yet the Fed avoids both fates.

More importantly, the Fed's funding facilities and its agreements with the Treasury should be reviewed. The Treasury's supplementary financing accounts that fund Fed facilities allow the Treasury to funnel money to Wall Street without GAO or Congressional oversight. Additional funding facilities, such as the Primary Dealer Credit Facility and the Term Securities Lending Facility, allow the Fed to keep financial asset prices artificially inflated and subsidize poorly performing financial firms.

The Federal Reserve Transparency Act would eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to enhanced scrutiny. We hear officials constantly lauding the benefits of transparency and especially bemoaning the opacity of the Fed, its monetary policy, and its funding facilities. By opening all Fed operations to a GAO audit and calling for such an audit to be completed by the end of 2010, the Federal Reserve Transparency Act would achieve much-needed transparency of the Federal Reserve. I urge my colleagues to support this bill.

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Gotta love the guy. I have high hopes for his son Rand.

This will not happen. If it gets passed congress and the president they will make sure that the audit process takes so long and is so complicated that it is of little value.

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My opinion on this is that there will be a Presidential edict forbidding it, if it should come to that level.

Exposing the inner workings of the worlds top bankers will spell disaster for our eggshell economy and state apparatus.

I fear national security would come into play and secrecy maintained.

Transparency is not needed in a democracy.

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Guest UK Debt Slave
awesome.

You took the word right out of my mouth

Truly groundbreaking if it happens

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Guest UK Debt Slave
Gotta love the guy. I have high hopes for his son Rand.

This will not happen. If it gets passed congress and the president they will make sure that the audit process takes so long and is so complicated that it is of little value.

Maybe not judging by the increasing number of people who now understand that the US money supply is in the control of a private corporation.

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My opinion on this is that there will be a Presidential edict forbidding it, if it should come to that level.

Exposing the inner workings of the worlds top bankers will spell disaster for our eggshell economy and state apparatus.

agreed, it will never happen.

The illusion of freedom will be kept at all levels.

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213 out of 218...

it will never happen. Not ever.

just look to the most recent events that have had inquiries in the aftermath. The september 11th & july 7th ones spring to mind. Then there was menendez. Nothing underhand found, no mistakes made by the government. How could there be. If something was found then total trust in those governments would be undermined. :ph34r:

Mark my Words.

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it will never happen. Not ever.

just look to the most recent events that have had inquiries in the aftermath. The september 11th & july 7th ones spring to mind. Then there was menendez. Nothing underhand found, no mistakes made by the government. How could there be. If something was found then total trust in those governments would be undermined. :ph34r:

Mark my Words.

i dont think the fed will last to its centenary

but part of that thinking is hope

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it will never happen. Not ever.

just look to the most recent events that have had inquiries in the aftermath. The september 11th & july 7th ones spring to mind. Then there was menendez. Nothing underhand found, no mistakes made by the government. How could there be. If something was found then total trust in those governments would be undermined. :ph34r:

Mark my Words.

222.

http://libertymaven.com/2009/06/11/breakin...onsorship/6094/

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