Ron Paul’s Bill To Audit The Federal Reserve Now Has 245 Co-Sponsors

Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 245 co-sponsors, and the numbers keep growing! At the same time, HR 1207’s companion bill in the Senate, S 604, is beginning to attract its first co-sponsors!

This is history in the making, and victory is within reach. Imagine what will happen if HR 1207, The Federal Reserve Transparency Act, comes up for vote in Congress! With more than 55% of the House of Representatives already co-sponsoring this bill, it has real potential to pass — BUT only if we educate and rally the people to support it and get our Congresspeople to put it to vote and pass it.

Step 1: Your Representative

If your representative is not on the following list of HR 1207 co-sponsors, call their offices, write to them, email them. Let them know they need to support HR 1207. If you live in their district, let them know. Go to their office.

Capitol Switchboard: (202) 224-3121

Enter your zip code to contact your representative:

HR 1207 Co-Sponsors (as of 6/26/2009)

Rep Abercrombie, Neil [HI-1] – 2/26/2009
Rep Aderholt, Robert B. [AL-4] – 5/6/2009
Rep Adler, John H. [NJ-3] – 5/6/2009
Rep Akin, W. Todd [MO-2] – 3/19/2009
Rep Alexander, Rodney [LA-5] – 3/10/2009
Rep Altmire, Jason [PA-4] – 5/20/2009
Rep Austria, Steve [OH-7] – 5/6/2009
Rep Bachmann, Michele [MN-6] – 2/26/2009
Rep Bachus, Spencer [AL-6] – 4/29/2009
Rep Baldwin, Tammy [WI-2] – 4/21/2009
Rep Barrett, J. Gresham [SC-3] – 4/28/2009
Rep Barrow, John [GA-12] – 5/12/2009
Rep Bartlett, Roscoe G. [MD-6] – 2/26/2009
Rep Barton, Joe [TX-6] – 5/4/2009
Rep Berkley, Shelley [NV-1] – 5/21/2009
Rep Berry, Marion [AR-1] – 5/20/2009
Rep Biggert, Judy [IL-13] – 4/28/2009
Rep Bilbray, Brian P. [CA-50] – 4/21/2009
Rep Bilirakis, Gus M. [FL-9] – 5/4/2009
Rep Bishop, Rob [UT-1] – 4/21/2009
Rep Blackburn, Marsha [TN-7] – 3/16/2009
Rep Blunt, Roy [MO-7] – 3/24/2009
Rep Boehner, John A. [OH-8] – 6/10/2009
Rep Bonner, Jo [AL-1] – 6/9/2009
Rep Bono Mack, Mary [CA-45] – 4/29/2009
Rep Boozman, John [AR-3] – 5/7/2009
Rep Boswell, Leonard L. [IA-3] – 6/9/2009
Rep Boustany, Charles W., Jr. [LA-7] – 5/13/2009
Rep Brady, Kevin [TX-8] – 4/22/2009
Rep Braley, Bruce L. [IA-1] – 6/11/2009
Rep Bright, Bobby [AL-2] – 6/11/2009
Rep Broun, Paul C. [GA-10] – 2/26/2009
Rep Brown, Corrine [FL-3] – 6/11/2009
Rep Brown, Henry E., Jr. [SC-1] – 4/28/2009
Rep Brown-Waite, Ginny [FL-5] – 5/20/2009
Rep Buchanan, Vern [FL-13] – 3/17/2009
Rep Burgess, Michael C. [TX-26] – 3/19/2009
Rep Burton, Dan [IN-5] – 2/26/2009
Rep Buyer, Steve [IN-4] – 4/30/2009
Rep Calvert, Ken [CA-44] – 4/29/2009
Rep Camp, Dave [MI-4] – 6/18/2009
Rep Campbell, John [CA-48] – 5/4/2009
Rep Cantor, Eric [VA-7] – 6/23/2009
Rep Cao, Anh “Joseph” [LA-2] – 6/11/2009
Rep Capito, Shelley Moore [WV-2] – 4/1/2009
Rep Carney, Christopher P. [PA-10] – 6/9/2009
Rep Carter, John R. [TX-31] – 3/31/2009
Rep Cassidy, Bill [LA-6] – 5/4/2009
Rep Castle, Michael N. [DE] – 3/17/2009
Rep Chaffetz, Jason [UT-3] – 3/6/2009
Rep Childers, Travis [MS-1] – 6/9/2009
Rep Coble, Howard [NC-6] – 6/11/2009
Rep Coffman, Mike [CO-6] – 6/16/2009
Rep Cole, Tom [OK-4] – 4/21/2009
Rep Conaway, K. Michael [TX-11] – 5/7/2009
Rep Conyers, John, Jr. [MI-14] – 6/23/2009
Rep Crenshaw, Ander [FL-4] – 5/4/2009
Rep Culberson, John Abney [TX-7] – 3/26/2009
Rep Davis, Danny K. [IL-7] – 6/26/2009
Rep Davis, Geoff [KY-4] – 5/6/2009
Rep Deal, Nathan [GA-9] – 3/23/2009
Rep DeFazio, Peter A. [OR-4] – 3/9/2009
Rep Dent, Charles W. [PA-15] – 5/6/2009
Rep Diaz-Balart, Mario [FL-25] – 6/18/2009
Rep Doggett, Lloyd [TX-25] – 4/21/2009
Rep Dreier, David [CA-26] – 6/10/2009
Rep Duncan, John J., Jr. [TN-2] – 3/6/2009
Rep Edwards, Chet [TX-17] – 6/16/2009
Rep Edwards, Donna F. [MD-4] – 6/11/2009
Rep Ehlers, Vernon J. [MI-3] – 4/21/2009
Rep Fallin, Mary [OK-5] – 4/2/2009
Rep Flake, Jeff [AZ-6] – 5/11/2009
Rep Fleming, John [LA-4] – 3/18/2009
Rep Forbes, J. Randy [VA-4] – 5/20/2009
Rep Fortenberry, Jeff [NE-1] – 5/12/2009
Rep Foxx, Virginia [NC-5] – 3/10/2009
Rep Franks, Trent [AZ-2] – 3/23/2009
Rep Frelinghuysen, Rodney P. [NJ-11] – 6/3/2009
Rep Garrett, Scott [NJ-5] – 3/5/2009
Rep Gerlach, Jim [PA-6] – 5/11/2009
Rep Giffords, Gabrielle [AZ-8] – 6/16/2009
Rep Gingrey, Phil [GA-11] – 3/30/2009
Rep Gohmert, Louie [TX-1] – 4/23/2009
Rep Goodlatte, Bob [VA-6] – 4/28/2009
Rep Granger, Kay [TX-12] – 4/28/2009
Rep Graves, Sam [MO-6] – 4/22/2009
Rep Grayson, Alan [FL-8] – 3/11/2009
Rep Griffith, Parker [AL-5] – 6/16/2009
Rep Grijalva, Raul M. [AZ-7] – 6/3/2009
Rep Guthrie, Brett [KY-2] – 5/7/2009
Rep Hall, Ralph M. [TX-4] – 4/29/2009
Rep Halvorson, Deborah L. [IL-11] – 6/3/2009
Rep Hare, Phil [IL-17] – 5/11/2009
Rep Harper, Gregg [MS-3] – 5/11/2009
Rep Hastings, Doc [WA-4] – 5/11/2009
Rep Heller, Dean [NV-2] – 3/6/2009
Rep Hensarling, Jeb [TX-5] – 5/4/2009
Rep Herger, Wally [CA-2] – 4/21/2009
Rep Herseth Sandlin, Stephanie [SD] – 5/6/2009
Rep Hinchey, Maurice D. [NY-22] – 6/2/2009
Rep Hoekstra, Peter [MI-2] – 4/28/2009
Rep Holden, Tim [PA-17] – 6/4/2009
Rep Hunter, Duncan D. [CA-52] – 5/13/2009
Rep Inglis, Bob [SC-4] – 4/23/2009
Rep Inslee, Jay [WA-1] – 5/12/2009
Rep Issa, Darrell E. [CA-49] – 6/16/2009
Rep Jenkins, Lynn [KS-2] – 4/23/2009
Rep Johnson, Henry C. “Hank,” Jr. [GA-4] – 6/9/2009
Rep Johnson, Sam [TX-3] – 4/22/2009
Rep Johnson, Timothy V. [IL-15] – 4/23/2009
Rep Jones, Walter B., Jr. [NC-3] – 2/26/2009
Rep Jordan, Jim [OH-4] – 6/2/2009
Rep Kagen, Steve [WI-8] – 2/26/2009
Rep Kaptur, Marcy [OH-9] – 4/23/2009
Rep King, Peter T. [NY-3] – 6/4/2009
Rep King, Steve [IA-5] – 6/11/2009
Rep Kingston, Jack [GA-1] – 3/6/2009
Rep Kline, John [MN-2] – 4/29/2009
Rep Kosmas, Suzanne M. [FL-24] – 6/17/2009
Rep Kratovil, Frank, Jr. [MD-1] – 6/4/2009
Rep Kucinich, Dennis J. [OH-10] – 6/11/2009
Rep Lamborn, Doug [CO-5] – 4/21/2009
Rep Lance, Leonard [NJ-7] – 5/11/2009
Rep Latham, Tom [IA-4] – 4/21/2009
Rep LaTourette, Steven C. [OH-14] – 4/28/2009
Rep Latta, Robert E. [OH-5] – 5/20/2009
Rep Lee, Christopher J. [NY-26] – 6/10/2009
Rep Lewis, Jerry [CA-41] – 6/24/2009
Rep Linder, John [GA-7] – 5/6/2009
Rep Lipinski, Daniel [IL-3] – 6/4/2009
Rep LoBiondo, Frank A. [NJ-2] – 5/4/2009
Rep Loebsack, David [IA-2] – 6/10/2009
Rep Lucas, Frank D. [OK-3] – 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] – 4/21/2009
Rep Lummis, Cynthia M. [WY] – 3/19/2009
Rep Lungren, Daniel E. [CA-3] – 5/7/2009
Rep Mack, Connie [FL-14] – 5/12/2009
Rep Maffei, Daniel B. [NY-25] – 5/12/2009
Rep Manzullo, Donald A. [IL-16] – 4/21/2009
Rep Marchant, Kenny [TX-24] – 3/11/2009
Rep Markey, Betsy [CO-4] – 6/25/2009
Rep Massa, Eric J. J. [NY-29] – 4/22/2009
Rep McCarthy, Kevin [CA-22] – 5/4/2009
Rep McCaul, Michael T. [TX-10] – 4/21/2009
Rep McClintock, Tom [CA-4] – 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] – 3/19/2009
Rep McDermott, Jim [WA-7] – 4/29/2009
Rep McGovern, James P. [MA-3] – 6/10/2009
Rep McHenry, Patrick T. [NC-10] – 4/30/2009
Rep McHugh, John M. [NY-23] – 5/4/2009
Rep McIntyre, Mike [NC-7] – 6/10/2009
Rep McKeon, Howard P. “Buck” [CA-25] – 6/11/2009
Rep McMorris Rodgers, Cathy [WA-5] – 5/4/2009
Rep Mica, John L. [FL-7] – 5/12/2009
Rep Michaud, Michael H. [ME-2] – 5/7/2009
Rep Miller, Candice S. [MI-10] – 4/28/2009
Rep Miller, Gary G. [CA-42] – 6/10/2009
Rep Miller, Jeff [FL-1] – 3/24/2009
Rep Minnick, Walter [ID-1] – 5/13/2009
Rep Mitchell, Harry E. [AZ-5] – 6/9/2009
Rep Moran, Jerry [KS-1] – 5/4/2009
Rep Murphy, Patrick J. [PA-8] – 6/9/2009
Rep Murphy, Tim [PA-18] – 4/29/2009
Rep Myrick, Sue Wilkins [NC-9] – 4/28/2009
Rep Neugebauer, Randy [TX-19] – 4/30/2009
Rep Nunes, Devin [CA-21] – 6/12/2009
Rep Olson, Pete [TX-22] – 4/21/2009
Rep Ortiz, Solomon P. [TX-27] – 5/14/2009
Rep Pascrell, Bill, Jr. [NJ-8] – 6/9/2009
Rep Pastor, Ed [AZ-4] – 5/20/2009
Rep Paulsen, Erik [MN-3] – 3/30/2009
Rep Pence, Mike [IN-6] – 4/21/2009
Rep Perlmutter, Ed [CO-7] – 6/10/2009
Rep Perriello, Thomas S.P. [VA-5] – 5/13/2009
Rep Peterson, Collin C. [MN-7] – 3/19/2009
Rep Petri, Thomas E. [WI-6] – 3/10/2009
Rep Pitts, Joseph R. [PA-16] – 4/28/2009
Rep Platts, Todd Russell [PA-19] – 3/19/2009
Rep Poe, Ted [TX-2] – 2/26/2009
Rep Polis, Jared [CO-2] – 6/11/2009
Rep Posey, Bill [FL-15] – 2/26/2009
Rep Price, Tom [GA-6] – 3/10/2009
Rep Putnam, Adam H. [FL-12] – 4/28/2009
Rep Radanovich, George [CA-19] – 5/6/2009
Rep Rehberg, Denny [MT] – 2/26/2009
Rep Reichert, David G. [WA-8] – 5/20/2009
Rep Roe, David P. [TN-1] – 4/21/2009
Rep Rogers, Mike D. [AL-3] – 5/13/2009
Rep Rogers, Mike J. [MI-8] – 5/20/2009
Rep Rohrabacher, Dana [CA-46] – 3/6/2009
Rep Rooney, Thomas J. [FL-16] – 4/22/2009
Rep Ros-Lehtinen, Ileana [FL-18] – 4/28/2009
Rep Roskam, Peter J. [IL-6] – 6/2/2009
Rep Ross, Mike [AR-4] – 5/21/2009
Rep Rothman, Steven R. [NJ-9] – 6/18/2009
Rep Royce, Edward R. [CA-40] – 5/12/2009
Rep Ryan, Paul [WI-1] – 5/14/2009
Rep Sarbanes, John P. [MD-3] – 6/15/2009
Rep Scalise, Steve [LA-1] – 5/20/2009
Rep Schakowsky, Janice D. [IL-9] – 5/6/2009
Rep Schauer, Mark H. [MI-7] – 5/20/2009
Rep Schmidt, Jean [OH-2] – 6/11/2009
Rep Schock, Aaron [IL-18] – 5/6/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] – 5/7/2009
Rep Sessions, Pete [TX-32] – 3/23/2009
Rep Shadegg, John B. [AZ-3] – 5/7/2009
Rep Shea-Porter, Carol [NH-1] – 6/9/2009
Rep Sherman, Brad [CA-27] – 6/23/2009
Rep Shimkus, John [IL-19] – 4/22/2009
Rep Shuler, Heath [NC-11] – 6/12/2009
Rep Shuster, Bill [PA-9] – 5/7/2009
Rep Simpson, Michael K. [ID-2] – 4/28/2009
Rep Slaughter, Louise McIntosh [NY-28] – 6/17/2009
Rep Smith, Adam [WA-9] – 4/22/2009
Rep Smith, Adrian [NE-3] – 4/28/2009
Rep Smith, Christopher H. [NJ-4] – 6/15/2009
Rep Smith, Lamar [TX-21] – 4/2/2009
Rep Snyder, Vic [AR-2] – 6/23/2009
Rep Souder, Mark E. [IN-3] – 6/16/2009
Rep Space, Zachary T. [OH-18] – 6/23/2009
Rep Speier, Jackie [CA-12] – 6/11/2009
Rep Stark, Fortney Pete [CA-13] – 3/26/2009
Rep Stearns, Cliff [FL-6] – 3/6/2009
Rep Taylor, Gene [MS-4] – 3/6/2009
Rep Teague, Harry [NM-2] – 6/12/2009
Rep Terry, Lee [NE-2] – 3/30/2009
Rep Thompson, Glenn [PA-5] – 4/22/2009
Rep Thornberry, Mac [TX-13] – 5/21/2009
Rep Tiahrt, Todd [KS-4] – 4/28/2009
Rep Tiberi, Patrick J. [OH-12] – 4/28/2009
Rep Tonko, Paul D. [NY-21] – 6/9/2009
Rep Turner, Michael R. [OH-3] – 5/13/2009
Rep Upton, Fred [MI-6] – 4/29/2009
Rep Walden, Greg [OR-2] – 5/4/2009
Rep Walz, Timothy J. [MN-1] – 5/7/2009
Rep Wamp, Zach [TN-3] – 3/16/2009
Rep Welch, Peter [VT] – 5/21/2009
Rep Westmoreland, Lynn A. [GA-3] – 4/2/2009
Rep Whitfield, Ed [KY-1] – 5/14/2009
Rep Wilson, Joe [SC-2] – 4/29/2009
Rep Wittman, Robert J. [VA-1] – 4/1/2009
Rep Wolf, Frank R. [VA-10] – 6/11/2009
Rep Woolsey, Lynn C. [CA-6] – 2/26/2009
Rep Young, C.W. Bill [FL-10] – 6/3/2009
Rep Young, Don [AK] – 3/6/2009

Step 2: Your Senator

HR 1207’s identical companion bill in the Senate is known as S 604, the Federal Reserve Sunshine Act, sponsored by Sen. Bernie Sanders.

If your Senator is not on the following list of S 604 co-sponsors, call their offices, write to them, email them. Let them know they need to support S 604. If you live in their district, let them know. Go to their office.

S 604 Co-Sponsors (as of 6/26/2009)

Sen Crapo, Mike [ID] – 6/25/2009
Sen DeMint, Jim [SC] – 6/11/2009
Sen Vitter, David [LA] – 6/16/2009

Step 3: Financial Services Committee

HR 1207 is now in the House Committee on Financial Services. This is THE MOST IMPORTANT STEP in this legislation! If it doesn’t get out of committee it will not come to a vote! There are 71 members on this committee and they are all listed below.

We need to let all members of the House Committee on Financial Services know that we want them to allow full House consideration of HR 1207 so it can move forward; we need them to support this. Now is the time.

Call their offices, write to them, email them. Let them know they need to support HR 1207. If you live in their district, let them know. Go to their office.

House Committee on Financial Services

Chairman Barney Frank, MA

Republican Members

Rep. Michele Bachmann, MN [co-sponsor]
Rep. Spencer Bachus, AL [co-sponsor]
Rep. J. Gresham Barrett, SC [co-sponsor]
Rep. Judy Biggert, IL [co-sponsor]
Rep. John Campbell, CA [co-sponsor]
Rep. Michael N. Castle, DE [co-sponsor]
Rep. Scott Garrett, NJ [co-sponsor]
Rep. Jim Gerlach, PA [co-sponsor]
Rep. Jeb Hensarling, TX [co-sponsor]
Rep. Lynn Jenkins, KS [co-sponsor]
Rep. Walter B. Jones , NC [co-sponsor]
Rep. Peter King, NY [co-sponsor]
Rep. Leonard Lance, NJ [co-sponsor]
Rep. Christopher Lee, NY [co-sponsor]
Rep. Frank D. Lucas, OK [co-sponsor]
Rep. Donald A. Manzullo, IL [co-sponsor]
Rep. Kenny Marchant, TX [co-sponsor]
Rep. Thaddeus McCotter, MI [co-sponsor]
Rep. Kevin McCarthy, CA [co-sponsor]
Rep. Patrick T. McHenry, NC [co-sponsor]
Rep. Gary G. Miller, CA [co-sponsor]
Rep. Randy Neugebauer, TX [co-sponsor]
Rep. Shelley Moore Capito, WV [co-sponsor]
Rep. Ron Paul, TX [sponsor]
Rep. Erik Paulsen, MN [co-sponsor]
Rep. Bill Posey, FL [co-sponsor]
Rep. Tom Price, GA [co-sponsor]
Rep. Adam Putnam, FL [co-sponsor]
Rep. Edward R. Royce, CA [co-sponsor]

Democratic Members

Rep. Gary L. Ackerman, NY
Rep. John Adler, NJ [co-sponsor]
Rep. Joe Baca, CA
Rep. Melissa L. Bean, IL
Rep. Michael E. Capuano, MA
Rep. Andre Carson, IN
Rep. Travis Childers, MS [co-sponsor]
Rep. William Lacy Clay, MO
Rep. Emanuel Cleaver, MO
Rep. Joe Donnelly, IN
Rep. Steve Driehaus, OH
Rep. Keith Ellison, MN
Rep. Bill Foster, IL
Rep. Alan Grayson, FL [co-sponsor]
Rep. Al Green, TX
Rep. Luis V. Gutierrez, IL
Rep. Rubén Hinojosa, TX
Rep. Jim Himes, CT
Rep. Paul W. Hodes, NH
Rep. Paul E. Kanjorski, PA
Rep. Mary Jo Kilroy, OH
Rep. Ron Klein, FL
Rep. Suzanne Kosmas, FL [co-sponsor]
Rep. Stephen F. Lynch, MA
Rep. Dan Maffei, NY [co-sponsor]
Rep. Carolyn B. Maloney, NY
Rep. Carolyn McCarthy, NY
Rep. Gregory W. Meeks, NY
Rep. Brad Miller, NC
Rep. Walt Minnick, ID [co-sponsor]
Rep. Dennis Moore, KS
Rep. Gwen Moore, WI
Rep. Ed Perlmutter, CO [co-sponsor]
Rep. Gary Peters, MI
Rep. David Scott, GA
Rep. Brad Sherman, CA [co-sponsor]
Rep. Jackie Speier, CA [co-sponsor]
Rep. Nydia M. Velázquez, NY
Rep. Maxine Waters, CA
Rep. Melvin L. Watt, NC
Rep. Charles Wilson, OH

Here’s a sample letter you can use:

HR 1207 (House)

Dear Representative,

Please co-sponsor and/or support HR 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 245 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.


     S 604 (Senate)

Dear Senator,

Please co-sponsor and/or support S 604, 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.

S 604’s companion bill in the House, HR 1207, currently has 245 co-sponsors, 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.


Step 4: The People

Tell everyone you know about HR 1207 and S 604 ask them to support the bills and to contact their representative as well. Link to this page and to



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Why Audit The Federal Reserve?

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.

Introducing HR 1207

Ron Paul introduced bill H.R. 1207 on February 26, 2009 with the following speech to Congress:

Madame 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.

HR 1207

This is the bill itself, H.R. 1207:

111th Congress – 1st Session

H.R. 1207


To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

1. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

This Act may be cited as the “Federal Reserve Transparency Act of 2009”.


(a) IN GENERAL. – Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after “shall audit an agency” and inserting a period.

(b) AUDIT. – Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection:


“(1) IN GENERAL. – The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.

“(2) REPORT –

“(A) REQUIRED. – A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each sub-committee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.

“(B) CONTENTS. – The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.”.

Ron Paul’s Quotes on HR 1207

Excerpt from Ron Paul’s 4/22/2009 appearance on Judge Andrew Napolitano’s Freedom Watch:

Ron Paul: After we came back yesterday from our 2-week break, I think have 15 new people signed on and somebody came up to me and says, “I signed on your bill this morning because I went to my town hall meetings, I went four of them and in every meeting people were there and say, “It’s time that we have transparency of the Fed.'”

But I call them the Fourth Branch of government. Some people don’t think of them as part of the government because they’re so secretive. But we created it, we can end it, we take no responsibility to supervise it, and look at what they’re doing. We spend hundreds of billions, but the Fed deals in trillions, and they don’t have any responsibility to tell us about it. So there’s a lot of power there and it deserves looking at.

And I think I have to say Barney Frank has been sympathetic with this. He’s for transparency. He’s not for hard money and the type of monetary policy I’m talking about. He believes that we should have more transparency of the Fed, so whether this bill gets passed or something very similar, the mood in the country is such that not only do they want us to be better in handling the appropriated fund and knowing where these TARP funds went, the American people have awakened to this whole idea of what the Federal Reserve does behind the scenes.

So I’m delighted. I’ve been pushing this monetary issue for more than 30 years believing it was THE significant economic issue of our time, and I think people are starting to realize this and we’re going to keep hearing about it and there’s a good chance that it will eventually make it to the floor.

Excerpt from Ron Paul’s 3/5/2009 appearance on Judge Andrew Napolitano’s Freedom Watch:

Judge Napolitano: Before we switch gears, Congressman Paul, how did Ben Bernanke react to the legislation that you introduced calling for an audit of the Fed. Did he give you a call on the phone?

Ron Paul: Oh yes, he called me, wanted to congratulate me and he wanted to support my bill. You know, interestingly, just recently, I cannot name his name but I was talking to a former member of the Federal Reserve board and told him about the bill and he was friendly enough.

I said, “What do you think of that?” He said, “I think it’s not a very good idea”. And I said, “Do the people at the Federal Reserve ever talk about, are concerned about the dollar”. I said, you know, I’m always talking about the dollar and what this is going to do to the dollar. And I said, “Do they know that all this debt and inflation could hurt the dollar?” He says, “Yes, they do.” He confirmed it. He said, “They absolutely do.” He says, “But they can’t answer your questions in public because it would cause panic.”

Judge Napolitano: This administration came to power and we all knew the words that they used, “hope” and “change”. But one of the words that they really used was “transparency”. I would think the President himself should be in favor of transparency at the Fed if he wants to be ideologically consistent. What are they afraid we will find out, Congressman Paul?

Ron Paul: Well, what they’re going to find out is, that’s the first step. Once we get the audit bill passed and we can reveal what they are doing, I think the next step is to end the Fed. That’s why they don’t want that.

You know, we had some very good comments made by our Senator Bernie Sanders yesterday from Vermont. I talked with him this morning and we’re going to be talking a lot about the need for having transparency.

And I think the mood is right. The mood is right both with the Democrats and the Republicans, because they don’t know exactly what is going on but they know the American people are sick and tired of just throwing money out there, whether it’s to the Treasury and nobody knows where it goes, whether they send it to Iraq and nobody knows where the bundles of money go, or whether the Federal Reserve can create 2 trillion dollars, and they don’t even have to tell us.

As a government all onto itself, it’s bigger than the whole U.S. Congress. They create trillions in a day, you know, in a short period of time, and in the Congress we do talk a little bit when we pass 400 million or 800 million. But the Fed is a much bigger problem.

Excerpt from Ron Paul’s 3/10/2009 interview with Alex Jones:

Alex Jones: Every few weeks they come before the banking committee and you bring up the fact that what they are doing is destroying us. What do we need to do to bring the private Federal Reserve under control?

Ron Paul: Well, there has to be an uprising by the people. There has to be enough people who will demand that their Congressmen respond, and that is building. You know, a year or two ago nobody in Washington even thought about the Federal Reserve. Today there is a lot more thinking going on and a lot more support for our position. So it is growing. And yet, we’re not on the verge of changing it. I have the bill to get rid of the Federal Reserve, that’s the major step and the ultimate step and they’ll probably self-destruct before we actually pass legislation.

But the bill that is more important in the short run is the auditing bill, the 1207 bill, because that means they have to start answering our questions. Today they are protected. They are in total secrecy and they are protected by the law. If 1207 is passed we have an audit and they have to answer the questions. And I figure if we ever get that far and get the exposure and get the transparency that we need, then people will wake up and realize, ‘why do we have them at all?’

Alex Jones: Senator Sanders grilled them, as you know, last week saying that he is supporting 1207 or a version in the Senate because, Bernanke, the private Fed chief just said, “I’m not going to tell you where the money, buddy.” I mean, that’s amazing to see our elected Congress, the most powerful branch of the government according to our founders, being told to kiss off.

Ron Paul: Right, and I know Sanders real well. He was on the banking committee with me before he went into the Senate, and I called him after that, and I believe he has now introduced my version of the transparency bill and I’ve introduced his version. So both bills exist. Mine is a little bit more conclusive, in that it removes the total authority for them to not answer questions. His is specifically designed to answer certain questions and reveal where certain trillion dollars went. They are very similar, but somewhat different in nature, so we both support each other’s bill and they’ve been introduced in both chambers.

Alex Jones: Well, public support for this and the majority of the Congress itself are saying they are angry, they don’t know where the money is and Bloomberg sued to find out and he’s been told No on their foyer. If this gets media attention I can see now way that Congress wouldn’t vote for a proper audit of the private Federal Reserve.

Ron Paul: They’re going to, if we can get it that far. It’s a good issue, like so many of our issues, we bring different many factions together, liberals and conservatives, under the constitution. Because, if you’re a good honest liberal like Bernie Sanders, he is an honest person but is very, very liberal. He calls himself a socialist, but he agrees on the transparency issue.

So this whole idea that we expose them to bring populists, libertarians, constitutionals, liberals, socialist all together and think, “If we can’t do this, what’s left of representative government? There’s nothing left.” So it’s a good unifier, I think it’s a great issue.

Promote HR 1207

Audit the Fed Song

  • Jesus Kittles

    Now I was so tired, and now this time I have got some rest by seeing this funny YouTube video, thanks, keep it up.

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  • Cleta Leonette

    Its like you read my mind! You seem to know a lot about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a bit, but other than that, this is excellent blog. A great read. I’ll certainly be back.


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  • φαψεβοοκ

    Hey there, I think your blog might be having browser compatibility issues. When I look at your blog in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, great blog!

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  • red wine

    But wanna admit that this is really helpful , Thanks for taking your time to write this.

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  • Michael Gayer

    I like this and will follow its progress. I do not agree with your foreign policy Ron, but yours is better than Obama’s None.
    As a Tea Partiest, I believe we have been lied to for too long to believe anyone. So Let the Economy crash. Let Wall street burn. Let the Government Default.
    Why, you might ask, does this man feel this way.
    Answer: Vietnam…. I left with a wife and good job, came home with night mares, Hypertension, PTSD, a bad back and more as I have Cancer of the Skin and Lymphomas , one behind my right eye.
    I has ischemic heart disease and Congestive heart disease. Sleep Apnea and devere mood swings. Yet after 34 years of struggling with the VA and Congress I get 10% SCD and that is if they remember to send the check.
    We need good people in Congress but all we have gotten are smucks.

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  • Craig L

    First of all, I’m surprised that there aren’t many more (at least thousands) postings here addressing this Bill!!!???…
    It’s so obvious what the Fed is trying to achieve here in the United States. It’s the same that has been accomplished in the European Union…One privately controlled (fed) monetary system…
    The fast and forceful financial momentum that is taking place with the Obama administration (spend spend spend)is all a part of the plan to weaken the Dollar to the breaking or bankrupt point. Then the United States can be manipulated by the Fed so it can mediate a new union with Canada, Mexico, and United States to form a North American Union. Hence the development of the Amero the new currency and monetary system…
    If you question this see Lou Dobbs report on You Tube or any of the other North American Union broadcast.
    WE NEED A NEW PARTY!!! One that will reinstate Constitutional Rights and look out for the MIDDLE CLASS that makes this Nation GREAT!!!
    Both Parties (Dems and GOP) are controlled to carry out this plan for the world bankers or as refered here in the U.S., the fed….No checks or balances and no audit…
    If the President of the United States wanted to strengthen the Dollar it would fix the Social Security System for the elderly and stop stealing those funds…The gov. needs to slow spending especially outside of our borders, and limit taxation on all businesses and citizens as to attract more profitable ventures which would create more secure employment for United States Citizens. Hence, people spending more. It also needs to limit the power of Unions and bonus ripoffs to corp. officers or you may call them thieves, I do…
    Omit the United Nations budget and put that toward our infrastructure and rebuild our roads and bridges creating a healthy commerce… Give strong tax credits for the implementation of “Going Green” and Green will come…
    The Health Care could use an overhaul and limit insurance increases and corp officer bonus payoffs and minimize malpractice payouts…It should also take better care of our elderly. It’s many of them that have helped create this great nation…
    Fixing this Great Nation is not rocket science!!!!
    So how do we do all of this???? It’s very very simple…
    We must vote in Patriots… that truly serve our great Nation and it’s people… not money n power hungry politicians that are out for the payoffs, power, and control…
    How do you spot a power hungry politician that is manipulated by the world bankers (fed)?? He’s very easy to spot. He will be voting to take away your Constitutional Rights, yes your Freedom…
    They will be a member of the CFR, Bilderburg Group, or the Bohemian Club…They are the one’s to watch…
    The most important freedom they want to take from us is our right to bears arms…If they do, they then have very little fear of citizen uprisings or discontent…
    They will be able to be more profitable, powerful and world dominating…this is the ultimate goal of the Fed and it’s organizers of the secret banking society.
    Hence, the powerful rich vs the poor and manipulated…
    History is our best teacher…
    We as a Nation should learn from the first Revolutionary War…
    How many fought and died for our freedoms and Constitutional Rights?
    If our voting system is corrupt we don’t have a choice, but to fight again, or we will lose our United States Constitutional Rights as we know them today…We Need to prepare…
    Thanks for your time reading this!

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  • Kathy

    I agree that this bill is important. However, my main concern is this….. Who is going to audit them and can we trust them? Let’s not forget who owns the Federal Reserve. Who was the guy Obama fired for doing his job of auditing his governor friend in California and alluded it to him being incompetent? After all, the governor did have to pay back some of that government money he used to have errands run and his car washed etc. So the guy MUST have been doing his job a little too well.
    Well my point then is obvious. Will the most powerful people in the world allow the truth to be told? Somehow, I think not. I think if this bill is allowed to pass that it will go a lot like Iran’s elections. I believe they were fixed, especially when people are laying down their lives for the Truth. It’s not about who won, but how they won. Their democratic elections are only a false mask Iran shows the world for political reasons. It tells the world, “Look, we are a fair, democratic nation just like the US”. This is akin to the government saying, “You wanted an audit, we gave you an audit, and it looks just fine!” And that would be the end of that. It would be a powerful tool used to get the government off the hook.
    Just like the Obama birth certificate issue. All he has to do is produce the real version of it instead of the fake one on the internet and the issue will just go away. They’ll all just shut up. But because they produced the internet version of it, which anyone can create, in their opinion, it is now a non issue to be laughed at.
    That’s what will happen if they get this bill through. They’ll get one of their own to do it and then shove it under the nearest rug. Or, use it as a tool to further their own agenda…… say the Amero?

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  • Douglas

    While we are on the subject I should try and include the other changes needed to advance our current civilization. First is the Constitutional establishment that makes all natural resources within the boundaries of the commonwealth the sole property of the Citizens of that commonwealth.

    This means that the extraction of these natural resources will be proportional to the needs of the people and the cost will be proportional to the labor needed to extract them. Thus the population will never be subjected to private ownership of what the universe gave us freely in the first place.

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  • Douglas

    When a central monetary power has the private control to issue a Nations currency without representation a number of self-destructive things begin to infect the economy. For example, it is treasonous for such a private corporation to stab its commissioners in the back and issue currency without proper representation. Now you have the destruction of our National manufacturing base. Now we have huge consumer debt they issued to pay for the products they used our currency to create in other Nations. They have used The United States of America as their Harlot upon the Great Waters and raped us of all the fruits sprouted from our blessed Constitution. They will be brought to their knees before The Key of David and repent.

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  • Douglas

    I believe Humanity is ready to make the main changes that must take place before The Nation of God or The Kingdom of God can be established on Earth. Mostly because of the utter chaos that surrounds us socially, economically and politically. Not everyone will be able to adjust to these changes. But that is OK. No one should ever be forced into anything. Thus Citizenship will be granted only after a achieving the necessary level of education comprising the New Constitution.

    It is one thing to survive the downfall and destruction of a civilization, however, it is most appealing to me for us to take technology with us and make the necessary changes in our Constitution while we have the hard lessons in our face to justify them. Otherwise it will be back to sticks and stones, where within 3 to 5 centuries from now surviving generations may not believe there every was such a civilization with things like jumbo jets and skyscrapers.

    True Freedom and Independence can only be accomplished through a proper representation of all the citizens of the commonwealth. Nothing is more important than the democratic prosess of a people who require representation within a central legislative body. Democracy of the US has profoundly infected civilization beyond its boarders. Now it should be mentioned additional benefits of the Patents, Trademarks and Copyrights has international infectioned the world. Remember always that issuing Legal Tender is a Legislative process and requires the attention of all the representatives for the sake of their constituents. Thus the unconstitutional process of issuing US dollars has tragically infected the world.

    The main changes made will require a much more advanced and interactive representation. For most, the job of citizen representation will be more scientific and philosophical than political. The job of representation will be respectable paid positions but much less of a charade.

    This leads us to perhaps the most important but alarming change. That is how to eliminate forced taxation all together. Of course, I pay my taxes and will continue to do so and in no way trying to tell you not to pay your taxes. I am simplifying going to offer an example of how to eliminate forced taxation. This will not be easy and has consequences when Citizens fail to apply the change. What is most interesting to me is that as I attempt to relate all these changes I develop new neurological and philosophical breakthroughs (perhaps later on that).

    To replace forced taxation society would need to at leased contribute 10% of their income back to the infrastructure comprising their level of civilization. Then it would be understood that the distributions of that voluntary 10% would be legally executed through the proper representation of its Citizens of The Commonwealth in the form of Bills. So, now we have a system that depends on voluntary contributions. Citizens will naturally sustain their infrastructure without running a deficit through Private Monetary Power. However, a Nation should issue new currency to build infrastructure interest free and this is what helps facilitate the expansion of its civilization. Within proper representation the issuance of New Currency would not create inflation or deflation.

    New Currency backed not by precious metals but simply by the current capacity of products and services sustainably represented. Thus competition will be minimized to new innovations instead of destructive copy cats. However, the free market utilization of medium of exchange already in circulation is perhaps a new level of representation I have not yet been able to properly confine within Natural Laws. This creates a huge responsibility for the Citizens to maintain within moral limits which leads us to other checks and balances needed to culminate The Nation of God on Earth.

    To be continued: more changes needed.

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  • Obamageddon

    Auditing the Fed is a good start. Congress taking over the Fed? It should dismantle the Fed’s ownership structure at the very least.

    The Federal Reserve is unconstitutional. It is owned by the banking elite that they are supposed to regulate, not the government. Obama’s desire to increase their oversight power is a joke.

    There was no reason for the government to pay off AIG’s “bogus” CDS after they stepped in since the government’s implicit guarantee solved the ratings/collateral problem. This was TARP for Euro Banks, Goldman and other TARP seeking banks that the government will never see.

    This SWEET deal was negotiated on behalf of Goldman Sachs by none other than Tiny Tim Geithner, who was the President of the FRBNY (that oversaw the collapse of Bears, Lehman, Merrill, Citi and AIG) and Obama just had to get this guy as the head of Treasury. Tiny Tim was THE ONLY GUY that could do the job, even though he presided over the second biggest collapse of Wall Street in history. The biggest coming a little over 10 years after the Fed was created to prevent this from happening.

    To me, Geithner, Summers and Bernanke look like pawns of Wall Street and the banking elite (at best). Paulson was just a crook. I believe that Greenspan was too old.

    Obama looks like Bush on steroids while the press allows him to disavow all of Bush’s wasteful bail out programs that Obama voted for and/or could have stopped. Bush will go down as Hoover. Obama will do more damage than FDR (because he does not have the world’s best industrial base to sponge off of). The question is will people wake up before the US looks like Russia?

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    • Lindsey Brutus

      Obamageddon: Hopefully after the Fed is audited the American people will see that the activities of the Fed during the past 20 years or so have sold us down the river and we will abolish it and revert back to monetary policy being controlled by our elected representatives. The only problem is that Obama appears to be part of the “Club Fed” and he would almost certainly veto this legislation. The only way to get us out of this is to keep working on our elected representatives to do the right thing and vote out those that don’t.

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  • Douglas

    The first most difficult change is that all real estate within the boundaries of the commonwealth is owed and utilized through the commonwealth of citizens legislation. That means no more real estate tycoons and their something for nothing economic slavery.

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  • anna corum

    As a long time admirer, we do not agree with you, Mr. Bernanke
    is a man of integrity, honesty & hard working man that has done
    the right for America when the world banking system was about
    to crash. He made the right decisions (God Bless Him) & now
    is being crucified. Obama wants The BIG CROOK LARRY SUMMERS & THANKS

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  • anna corum

    I love Ron Paul & agree with many opinions he has, but but not
    this time, Mr. Bernanke is a man of integrity & honesty & a hard
    working LEADER for our Gov. All U are doing is helping Obama put
    &ONLY THE DEM. WANT Think Bernanke is bad, you ain’t seen nothing.
    HE WILL STAY HIS POSITION. Signed a Family that knows best, please
    we beg you too listen. PLEASE PLEASE PLEASE PLEASE

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  • Douglas

    The LORD has told us through The Key of Daivd…………

    The United States of America is the final culminated stepping stone into the Nation of God or the said Kingdom of God on Earth. This plan goes back to the Re-Birth of civilization in the Mesopotamia and has roots in the Monuments Built in Ancient Egypt. This is why the Great Pyramid is on the Dollar and the Washington Monument Stands tall.

    A stepping stone usually refers to a learning curve or lesson to be learned, and without a doubt we are all observing some great hard lessons here in the steeping stone itself. These are the lessons we must overcome as a people. Americans are comprised of All people of the Earth. The Melting Pot was part of the Celestial Plan.

    Freedom of Religion, Free Markets and Freedom of Racism are examples of some of the greatest Hallmarks archived by The United States of America. Constitution Laws protecting Patents, Trade Marks and Copyrights provide incentives for the advancement of technology. However, sound medium exchange implementation is the lesson we must overcome. This is apparently a very hard lesson, one that will require very educated and brilliant Minds to solve. We must take advantage of the current systems defiance and use it as examples of why certain changes must be made.

    Perhaps, these changes would have been hard to stomach had not these economic iniquities currently plague the Nation of appearance. In American History, many great Founding Fathers of America clearly warned of the repercussion of allowing monetary policy to be privately control without proper representation of the citizens of the commonwealth. Now, we are faced with the complexity of not know how much American Currency has been spread around the World. Now we are faced with the duplication of such distributions through the IMF and the World Bank. All of which was never elected into power through the United States Common Wealth of Citizens. Thus we have the destruction of the US manufacturing industry.

    I guess, first, We The People must have had to live through it to fully grasp why the control of medium of exchange must be done through proper representation of all the produces and services available within our commonwealth. The real new changes will be hard for some to stomach, however they will be more understood now that we have a smorgasbord of chaos to use as evidence. The Universe is possible through Law and Order and those who can grasp this may be able to stomach the changes needed with the help of current complex problems pledging our civilization as examples.

    These simple changes will create a solid foundation, one like unto a solid slab of concrete. However, to state such changes would be inappropriate without the prospect of a new land for development. The US is the Promised Land for All Humanity to come too and radiate the powers of Freedom. However, in order for us to implement these new changes we must first settle our relations to private monetary power. My research into history shows that doing so normally ends up onto WAR, unless We The People find and Develop a New Land for All Gods Children.

    To be continued: Changes Made


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  • http://n/a Peter Scomazzon

    I am an Australian Citizen, I have been for the past sixty two years. It saddens me to see a great Nation such as America in such dire straits. Its people being suckered by an evil mob from within. I have just today, read an article by Matt Taibbi of National Affairs, and titled “The Great American Bubble Machine.” What an eye opener of an article ! You urgently need to get this article out to your Population there so they may WAKE UP to the real problem behind the Fascade that is being presented to your peoples. What a corrupt mob Goldman Sachs is, what a conniving scheeming group they are, I am disgusted to be aware of the existence of such a group !
    Only hard consistent work will bring this group to heel !

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    • longshotlouie

      Thx Peter, good article.

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    • Goldman Sucks

      That is the most condensed, yet concise, version of what is happening at this point. What a powerful article!
      Anyone that is stilled confused about the who, where, and why, of this crisis needs to read ‘The Great American Bubble Machine’. Invest 60 – 90 minutes and cure your confusion.

      Thank you Peter

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