John Fitzgerald Kennedy: The very word “secrecy” is repugnant in a free and open society.
Jive Dadson: That, of course, was the well known voice of President John Fitzgerald Kennedy.
Hello everybody, Jive Dadson here. I’ve been asked to come out of YouTube semi-retirement to make a video about a very important subject. It’s about your money, and it’s about secrecy.
The Federal Reserve System creates and controls our money, your money. In recent months, private demands under the Freedom of Information Act have been met with the answer, “We won’t tell you, we don’t have to”. In open hearings, Congressmen have asked, “Who is receiving the bailout money?” They were met with the answer, “We won’t tell you, we don’t have to”.
Even though the balance sheet of the Fed has ballooned by trillions of dollars in recent months, they’re right. The law says they don’t have to tell anyone where the newly created money went. You see, when the Fed was created in 1913, its secrecy was written into law, the justification being that secrecy would keep politics out. Does that make any sense to you at all?
Federal Reserve has never had a proper audit, and it never will, unless we demand it. This should concern every American. It’s not about left or right, it’s not about Democrat or Republican, it’s about your security and the wellbeing of your children and grandchildren.
The Federal Reserve Transparency Act of 2009 has wide bipartisan support. Unlike so many bills that go before Congress, it’s simple and it’s open. It’s very short. Nothing is hidden in obscure sections. Its only provisions are a one-time audit of the Federal Reserve System and a report by the Government Accountability Office on their findings.
I urge you to contact your U.S. representative, both to your senators, send them emails, telephone them, send them mail and send them faxes. Do it today, do it tomorrow, do it the day after that. Send them a fax every Friday.
I’d like for you to tell your friends and associates. I would be honored if you sent them a link to this video. However you do it, do it. I’m counting on you. There’s a link in the YouTube “More Info” section to a flyer. It’s perfect for faxing to your representatives in the House or the Senate or for sending them a snail-mail. I want you to do it right now and I want you to send a fax. Do it on Friday.
This is important, I’m counting on you.
Check if your representative already supports H.R. 1207. If not, contact him or her every Friday by fax, email and/or phone.
Here’s the flyer mentioned in the video (pdf):
Here’s a sample letter you can use:
Please co-sponsor and/or support H.R.1207, an effort to audit the Federal Reserve.
Recently, it has come to light that 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.
Currently there are 46 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.
Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.
Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.
Look up the fax number or direct phone number of your representative here.
Follow up with a phone call: Capitol Switchboard: (202) 224-3121