Audit the Fed Update: It’s Over… For Now




Ron Paul discusses the latest in the efforts to get a full and complete audit of the Fed as well as the future of Fed transparency.

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Ron Paul: Yesterday on the House floor we voted on the conference report dealing with financial reforms. The bill that came back after it was in conference with the Senate. The House version of that bill had the audit provision in it; the HR 1207. It was removed in conference. So when the package came back to the floor, the Republicans had once chance to amend this bill, which is called recommit motion. And we were able to include HR 1207 in this package to see if we could get it put back in. An interesting thing happened here, because you know, we do have 320 co-sponsors of HR 1207, and it passed the committee rather easily and it was not challenged on the House floor on the first go-around run. But here we were, on the House floor with a chance to put it back in, and 114 individuals who were co-sponsors of the legislation, voted against it; they voted not to include it. But this is not totally surprising. This is the way this system works too often. People do flip flop and they do change. But it also reflects the fact that the Federal Reserve is a very powerful institution, and they were able to influence these votes. But it still is sad to see that a co-sponsor of a bill this important, that the people really care about and has a great deal of significance, all of a sudden changes. I mean supervision and monitoring and knowing what the Federal Reserve is doing is very, very important. The people want to know about this. Transparency is so important, and yet it failed on the house floor.

Now does that mean it’s over and done with? Well, pretty much so, even though there is a slight possibility another type of legislation that deals with banking regulations may come up before the end of the year, and we may get a chance to offer as a recommit motion if the leadership on the Republican side permits it. But as for now, it looks like we will not have a full audit. But believe me, a lot of benefit has come from this. The Federal Reserve will not get off completely, because more people in this country than ever before know that the Federal Reserve is very, very important, they know they were responsible for the problems that we have, and they know that they work in secrecy. The American people want to know about it. So even though they may have won this battle, they are not going to win the war. Because what they’re doing is going to be devastating to us because this piece of legislation actually gave more power to the Federal Reserve, not less. More power to the regulators, more effort to keep themselves in secret. So, therefore, I see on the long term this is very, very beneficial, so I would say for those individuals that believe in monetary reform and transparency, we will keep the heat on the Fed until we get an honest monetary system.

Question: Is there still reason to be optimistic for an audit sometime in the future?

Ron Paul: Well, I certainly think so. In spite of this setback I think there is reason to be very hopeful that we have made a major step in the right direction. Monetary reform is certainly of a great deal of interest to the younger generation and it will be that younger generation that will be dealing with the reforms. People are reading and studying about central banking, the Federal Reserve, they’re reading Austrian economics. So I would say there is every reason to be optimistic in the long run, but not right at this moment. Certainly maybe the next session of Congress after elections, maybe we can be even more hopeful.



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251 Comments:

  1. It just goes to show you that the REPUBLICANS are in on TAXING AMERICANS LIKE CRAZY! It just shows you that both parties are own by The Bilderberg Goup. Until these elected official pass the "Audit The Feds" the New World Order will continue. Americans better rise up soon...before it is too late. You (The People) are more powerful than any Politition, President or the Feds. Now all you need to do is act like it!

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  2. It just goes to show you that the REPUBLICANS are in on TAXING AMERICANS LIKE CRAZY! It just shows you that both parties are own by The Bilderberg Goup. Until these elected official pass the "Audit The Feds" the New World Order will continue. Americans better rise up soon...before it is too late. You (The People) are more powerful than any Politition, President or the Feds. Now all you need to do is act like it!

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  3. Let's do it and get it over!!!!!!!!!

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  4. I appreciate, cause I found exactly what I was looking for. You've ended my four day long hunt! God Bless you man. Have a nice day. Bye

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  5. j.skillz audit the FED...type it in

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  6. hey sheeple, if the fed gets audited you the sheeple will pay for 100 years of abuse that dipshit ron paul wants you to pay . it will take years to recover from ron pauls idiocy. sheeple, start storing canned goods , keep a large supply of bullets to protect yourself . we need to fix the fed but not ron pauls way .ask ron paul , what then ??? what will happen to our money??what will happen to america?? hes a snake in sheeps clothing !! don't trust ron paul !!

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  7. IF THE PEOPLE DEMAND IT, THEY CAN NOT REFUSED IT, REMEMBER WE ARE MANY THEY ARE FEW.

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  8. I will be your personal body guard if you run, free of charge.
    GO RON PAUL KILL THE BANKS.

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  9. I will be your personal body guard if you run, free of charge.
    GO RON PAUL KILL THE BANKS.

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  10. Add to the Whereas's
    The constitution delegated the right to the CONGRESS to coin money and establish the value thereof! It does NOT GIVE CONGRESS THE AUTHORITY TO DELEGATE THAT AUTHORITY TO A PRIVATE INTERNATIONAL BANK, LET THAT PRIVATE BANK LEND THE CURRENCY TO THE GOVERNMENT AND CHARGE US INTEREST ON THAT MONEY, WHICH WE CITIZENS GET TO PAY IN OUR INCOME TAXES! FEDERAL RESERVE NOTES ARE DEBTOR'S INSTRUMENTS, WHICH WE ARE FORCED TO USE IN OUR DAILY COMMERCE. THUS WE ARE TREATED AS DEBTORS, DEPRIVED OF OUR RIGHTS AS SOVEREIGN CITIZENS . THIS IS ALL EXPLAINED IN THE BOOK "THEY OWN IT ALL...INCLUDING YOU" BY ROWEN AND MACDONALD, from www.booksurge.com. It is a MUST READ book!

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  11. Some co-sponsors. Please, someone list the floppers.

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  12. Let's take our country back. Just up and running, but stay tuned for mass action.

    The National Movement Of Patriots.com Thumb us up if you want to take action!

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  13. END THE FED!

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  14. 114 politicians voted Yes when the people were watching.

    They quietly changed their vote to No when people were not watching.

    Make it a point to find out if the politician in your state did a backflip and don't ever vote for him.

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  15. we have to phase it out, just like it was phased in and slowly toppled all of it's competition. Instantaneously abolishing it would destroy the financial infrastructure of the US. The Economy would be pulled out from under it's feet. What we need is a constitutional plan to counter the fed and congress stepping it up and working for who they belong.

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  16. Thank You, Dr. Paul.

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  17. That might have won the battle but they haven't won the war! People are starting wake up Ron hold in there.

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  18. THEY'RE CALLED THE FEDERAL RESERVE! Change the name to the gold reserve and people might realize the kind of crooks they really are.

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