Ron Paul .com

890 Comments

1. Welcome! says:

   November 6, 2009 at 9:09 pm

   [...] Support Ron Paul’s bill HR 1207 that will Audit the FED. Follow the link and the steps to show your support. ”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.” http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/ [...]

   Reply
2. Juggergrimrod says:

   November 6, 2009 at 6:48 pm

   The bankers and the Fed are like a mafia cartel on steroids and methamphetamine. These gangsters need to be taken down once and for all. Thomas Jefferson did to the 1st bank, Jackson did it to the 2nd bank. Who is going to do to the 3rd central bank?

   -Cheers

   Juggergrimrod

   Reply
3. rick says:

   November 6, 2009 at 6:43 pm

   ron paul voted against the latest unemployment extension when people really needed it more than ever and hes a freemason what the hell i thought you was my guy ron paul why would u vote against the ui bill when unemployments at its highest? or were u against the extension of the house tax credit?

   Reply
4. Juggergrimrod says:

   November 6, 2009 at 6:38 pm

   Please read this and send it to everyone you know. It is from the American Monetary Institute. I think it is a good summary of current issues.

   http://www.monetary.org/32pageexplanation.pdf

   Reply
5. Negocios Loucos says:

   November 6, 2009 at 2:05 pm

   To Dream: http://wcvarones.blogspot.com/2009/11/fed-surrounded-by-fbi.html

   November 6th, 2009 – Washington, DC

   Thousands of FBI agents surrounded the Fed Reserve headquarters in Washington, New York, Boston, and all the other branches of the FED today with warrants for the arrest of most of the upper management including Ben Bernanke. Ben Bernanke was seen being led to an FBI transport vehicle in handcuffs and appeared to be crying…..

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6. christine says:

   November 4, 2009 at 11:41 pm

   WOOHOO!!! More co-sponsors!

   GovTrack.us Tracked Events Update

   You are currently monitoring: H.R. 833: Federal Reserve Board Abolition Act, H.R. 1207: Federal Reserve Transparency Act of 2009.

   Congress is in session today.
   Nov 2, 2009 – Bill Action
   H.R. 1207: Federal Reserve Transparency Act of 2009
   Cosponsorship change.

   Rep. Heinrich [D-NM1]: New cosponsor.
   (You are seeing this event because you are tracking H.R. 1207: Federal Reserve Transparency Act of 2009)
   Oct 27, 2009 – Bill Action
   H.R. 1207: Federal Reserve Transparency Act of 2009
   Cosponsorship change.

   Rep. Bishop [D-GA2]: New cosponsor.
   (You are seeing this event because you are tracking H.R. 1207: Federal Reserve Transparency Act of 2009)
   Oct 23, 2009 – Bill Action
   H.R. 1207: Federal Reserve Transparency Act of 2009
   Cosponsorship change.

   Rep. Ryan [D-OH17]: New cosponsor.
   (You are seeing this event because you are tracking H.R. 1207: Federal Reserve Transparency Act of 2009)
   Oct 22, 2009 – Bill Action
   H.R. 1207: Federal Reserve Transparency Act of 2009
   Cosponsorship change.

   Rep. Hill [D-IN9]: New cosponsor.
   Rep. Cohen [D-TN9]: New cosponsor.
   (You are seeing this event because you are tracking H.R. 1207: Federal Reserve Transparency Act of 2009)
   Oct 20, 2009 – Bill Action
   H.R. 1207: Federal Reserve Transparency Act of 2009
   Cosponsorship change.

   Rep. Ruppersberger [D-MD2]: New cosponsor.
   (You are seeing this event because you are tracking H.R. 1207: Federal Reserve Transparency Act of 2009)
   Oct 13, 2009 – Bill Action
   H.R. 1207: Federal Reserve Transparency Act of 2009
   Cosponsorship change.

   Rep. Spratt [D-SC5]: New cosponsor.
   Rep. Higgins [D-NY27]: New cosponsor.
   (You are seeing this event because you are tracking H.R. 1207: Federal Reserve Transparency Act of 2009)
   Oct 6, 2009 – Bill Action
   H.R. 1207: Federal Reserve Transparency Act of 2009
   Cosponsorship change.

   Rep. Driehaus [D-OH1]: New cosponsor.
   Rep. Chu [D-CA32]: New cosponsor.
   Rep. Pingree [D-ME1]: New cosponsor.
   Rep. Sutton [D-OH13]: New cosponsor.
   (You are seeing this event because you are tracking H.R. 1207: Federal Reserve Transparency Act of 2009)

   Reply
7. The End The Fed Movement | KI4KQD Blogger says:

   November 3, 2009 at 11:06 am

   [...] 1207 Congressman Ron Paul has introduced HR 1207, or Federal Reserve Transparency Act, the bill to audit the Federal Reserve. Ron Paul explains why [...]

   Reply
8. Michael says:

   November 2, 2009 at 9:16 pm

   In response to the U.S. Army Major, I would just like to say stay strong, God Bless and continue to have faith in the goodness of people and our great nation. Now, as to Mel Watt- Shame on you, you disgrace my dead brothers name Melvin F. Watt Jr. (Yes, this is my deceased brother’s actual name- in short Mel Watt (but not the same Mel Watt being mentioned here). I would also, like to ask all readers who are from the same district, or state as this mel Watt to use the areas on this website and respond to “Mel Watt” and flood his office with petitions and emails and calls demanding that he support this bill, or else his political career will be as deceased as my brother.

   Reply
9. Sam says:

   November 2, 2009 at 8:04 pm

   Dear Democratic Central Committee,

   I just found out that Representative Mel Watt blocked the H.R. 1207 Audit The Fed Bill. I strongly urge you to influence him to reconsider this decision. I believe that by not supporting this Bill you are reinforcing the perception that the powerful Financial Banking elite has hijacked our Congress. Huge numbers of citizens are following this Bill and will express their contempt during the 2010 election if this Bill fails. I am an officer in the U.S. Army with multiple combat deployments. Eighteen years ago I raised my hand and swore to defend the Constitution of the United States against all enemies, foreign and domestic. However, my ability to protect our country against domestic enemies is very limited and I completely rely on you to stand up against the financial mafia that rules our country from the shadows of the Federal Reserve and the legalized bribing enterprise called lobby. I consider this to be the most corrupt and blatant hijacking of our democracy and a shameless desecration of our Constitution. Our elected officials are supposed to represent people, but we ended up with a corrupt scheme where voters elect public officials to serve their communities and shortly after that banks are paying them off to implement their own agenda of greed. This is the reason why shortly after the revolting and crooked FED-led bank bailout, Goldman Sachs and JP Morgan are reporting astronomical and record-braking earnings, while the rest of the country is languishing. This is an insult to the dignity of our proud citizens. This is not America that I always admired and decided to serve – this more resembles the corrupt Soviet Union. You just have to look at the amount of money funneled by the Wall Street mafia into the coffers of the House Financial Services and Senate Banking Committees, to understand the repulsive nature and the magnitude of the problem facing our crumbling Democracy. These malignant financial entities with their parasitic lobbying activities foster atmosphere of corruption, waste, and cynicism. They do this under the clout of the Federal Reserve. The resulting perception of systemic improprieties erodes the confidence of American people in our senior leaders and institutions. This is not just my personal opinion – these are the views of the overwhelming majority of American citizens. I urge you to take our country back from these gangsters and preserve the fading beacon of our Democracy. Please support the H.R. 1207 Audit The Fed Bill in its original form and end the corruption that has plagued our country.

   Sincerely

   SM
   Major, U.S. Army

   Reply
   • rick says:

     November 2, 2009 at 9:30 pm

     damn good post hit the nail on the head

     Reply
   • Juggergrimrod says:

     November 6, 2009 at 6:45 pm

     Major, stay strong and keep up the good fight. We will be victorious because righteousness and justice is on our side.

     Check this out from the American Monetary Institute
     http://www.monetary.org/32pageexplanation.pdf

     Buy the Lost Science of Money if you have time and money

     Reply
10. The FED is not a virgin « UnDebunked says:

    November 2, 2009 at 7:12 pm

    [...] For more info on HR1207 [...]

    Reply
11. billy kilford says:

    October 30, 2009 at 5:52 pm

    So we are rocking it now whats the next step?
    do we need 21 more senators before we move on?
    anyone?

    Reply
12. The Fed « Americanpatriotcommission Blog says:

    October 29, 2009 at 8:55 pm

    [...] know about you, but I don’t have that kind of cash laying around if things go bad. It is time to audit the Fed. Since 1913 the US dollar has lost 95% of its purchasing power, all of which is due to monetary [...]

    Reply
13. Michael says:

    October 29, 2009 at 3:23 pm

    It’s high time the Federal Reserve gets audited. President John F. Kennedy signed The Federal Reserve
    And Executive Order 11110 which attempted to rid our great nation of this cancerous group of elitists:

    From The Final Call, Vol. 15, No.6, On January 17, 1996
    http://www.john-f-kennedy.net/executiveorder11110.htm

    On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

    With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the gevernment the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.

    After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve’s control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt – war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment. As America’s debt reaches unbearable levels and a conflict emerges in Bosnia that will further increase America’s debt, one is force to ask, will President Clinton have the courage to consider utilizing Executive Order 11110 and, ifso, is he willing to pay the ultimate price for doing so?

    Executive Order 11110 AMENDMENT OF EXECUTIVE ORDER NO. 10289

    AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY

    By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:

    Section 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended-

    By adding at the end of paragraph 1 thereof the following subparagraph (j):

    (j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12,1933, as amended (31 U.S.C.821(b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption

    and —

    Byrevoking subparagraphs (b) and (c) of paragraph 2 thereof.

    Sec. 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

    John F. Kennedy The White House, June 4, 1963.

    Of course, the fact that both JFK and Lincoln met the the same end is a mere coincidence.

    Abraham Lincoln’s Monetary Policy, 1865 (Page 91 of Senate document 23.)

    Money is the creature of law and the creation of the original issue of money should be maintained as the exclusive monopoly of national Government.

    Money possesses no value to the State other than that given to it by circulation.

    Capital has its proper place and is entitled to every protection. The wages of men should be recognised in the structure of and in the social order as more important than the wages of money.

    No duty is more imperative for the Government than the duty it owes the People to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labour will be protected from a vicious currency, and commerce will be facilitated by cheap and safe exchanges.

    The available supply of Gold and Silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money of intrinsic value that may come into use.

    The monetary needs of increasing numbers of People advancing towards higher standards of living can and should be met by the Government. Such needs can be served by the issue of National Currency and Credit through the operation of a National Banking system .The circulation of a medium of exchange issued and backed by the Government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by Taxation, Redeposit, and otherwise. Government has the power to regulate the currency and creditof the Nation.

    Government should stand behind its currency and credit and the Bank deposits of the Nation. No individual should suffer a loss of money through depreciation or inflated currency or Bank bankruptcy.

    Government possessing the power to create and issue currency and creditas money and enjoying the right to withdraw both currency and credit from circulation by Taxation and otherwise need not and should not borrow capital at interest as a means of financing Governmental work and public enterprise. The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of the consumers. The privilege of creating and issueing money is not only the supreme prerogative of Government, but it is the Governments greatest creative opportunity.

    By the adoption of these principles the long felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprise, the maintenance of stable Government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power.

    Some information on the Federal Reserve The Federal Reserve, a Private Corporation One of the most common concerns among people who engage in any effort to reduce their taxes is, “Will keeping my money hurt the government’s ability to pay it’s bills?” As explained in the first article in this series, the modern withholding tax does not, and wasn’t designed to, pay for government services. What it does do, is pay for the privately-owned Federal Reserve System.

    Black’s Law Dictionary defines the “Federal Reserve System” as, “Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves.”

    Privately-owned banks own the stock of the Fed. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said:

    Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank’s nine member board of directors.

    Similarly, the Federal Reserve Banks, though heavily regulated, are locally controlled by their member banks. Taking another look at Black’s Law Dictionary, we find that these privately owned banks actually issue money:

    Federal Reserve Act. Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.).

    The FED banks, which are privately owned, actually issue, that is, create, the money we use. In 1964 the House Committee on Banking and Currency, Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains a good description of what the FED is:

    The Federal Reserve is a total money-making machine.It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury Department’s Bureau of Engraving to print them.

    As we all know, anyone who has a lot of money has a lot of power. Now imagine a group of people who have the power to create money. Imagine the power these people would have. This is what the Fed is.

    No man did more to expose the power of the Fed than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. Constantly pointing out that monetary issues shouldn’t be partisan, he criticized both the Herbert Hoover and Franklin Roosevelt administrations. In describing the Fed, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932, that:

    Mr. Chairman,we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enoughmoney to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the UnitedStates; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.

    Some people think the Federal reserve banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into States to buy votes to control our legislation; and there are those who maintain an international propaganda for the purpose of deceiving us and of wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime. Those 12 private credit monopolies were deceitfully and disloyally foisted upon this country by bankers who camehere from Europe and who repaid us for our hospitality by undermining our American institutions.

    The Fed basically works like this: The government granted its power to create money to the Fed banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it’s interesting to note that the Federal Reserve act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. The incredible power of the Fed over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it. On the other hand, there are those, both in the past and in the present, that speak out against it. One of these men was President John F. Kennedy. His efforts were detailed in Jim Marrs’ 1990 book, Crossfire:

    Another overlooked aspect of Kennedy’s attempt to reform American society involves money. Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11,110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.

    Kennedy’s comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite state and local general obligation bonds, again weakening the dominant Federal Reserve banks.

    A number of “Kennedy bills” were indeed issued – the author has a five dollar bill in his possession with the heading “United States Note” – but were quickly withdrawn after Kennedy’s death. According to information from the Library of the Comptroller of the Currency, Executive Order 11,110 remains in effect today, although successive administrations beginning with that of President Lyndon Johnson apparently have simply ignored it and instead returned to the practice of paying interest on Federal Reserve notes. Today we continue to use Federal Reserve Notes, and the deficit is at an all-time high.

    The point being made is that the IRS taxes you pay aren’t used for government services. It won’t hurt you, or the nation, to legally reduce or eliminate your tax liability.

    Reply
    • rick says:

      October 29, 2009 at 4:22 pm

      and look what happened to kennedy ,your talking about a very powerful group they control shit just the way it is you dont have to conform to them though i personally decided not to contribute to this and pretty much dropped out of the workforce and just work for myself but its hard real hard this is not good they need to be exposed and audited but even then id have to say they will find some way to corrupt that process as well but anyways anyone know if ron paul is a freemason or not?im very curious to know if he has ties to freemasonry and if so does it change your opinion of him for next prez?

      Reply
14. Juggergrimrod says:

    October 28, 2009 at 4:13 pm

    The Fed should be audited
    Check this out from the American Monetary Institute
    http://www.monetary.org/amacolorpamphlet.pdf

    Reply
15. FRANK COLLATT says:

    October 28, 2009 at 12:26 am

    Ladies and Gentlemen, Our Great Nation, Our Country, The United States of America is in imminent danger of being taken over by Globalist/Elitist Bankers. The OBAMA Administration is doing even more to further their agenda. Ron Paul’s Bill to Audit The Fed has basically been stalled; and even if passed, it could take years to sort out “WHERE ALL THAT MONEY WENT”…… I urge you to watch the following movie from Alex Jones, and after doing so, make up your own mind. The movie is entitled “FALL OF THE REPUBLIC”, and RON PAUL is in the movie in several places describing his bill proposal to AUDIT THE FEDERAL RESERVE….. This movie is available in several areas by searching using your favorite search engine. It can also be found on http://www.youtube.com, http://www.veoh.com, and also here:
    http://www.americaisbeingdestroyed.com/video/falloftherepublic.mp4
    You Can Watch Fall Of The Republic By Clicking On The Link Above. Download The File, Right Mouse Click And Choose “SAVE AS”. The Movie Lasts 2Hrs. 24 Mins……
    The same people that caused this Financial Mess(RUBIN, VOLKER, PAULSON, and BERNANKE), have now been placed into various places within the OBAMA Administration to “FIX” the problems they created. I urge you to spend some time watching this movie, and if you agree, let your friends know about it also. Thank You, Sincerely, Simply A Person That Loves This Great Country, and his fellowman…..

    Reply
16. rick says:

    October 27, 2009 at 7:27 pm

    is ron paul a freemason?rumor has it he is a freemason and has some serious ties to freemasonry

    Reply
17. Ryan says:

    October 27, 2009 at 2:52 pm

    I have sent multiple letters to my congressman over the last year urging him to get behind this bill. Some folks even put up a huge sign over the underpass of I-5 informing others of the bill.

    This month I finally received a reply from Rick Larsen (D-WA, 2nd District). Here’s what he said:

    “I do not support HR 1207 and will not be signing on as a cosponsor to this legislation. I would like to take this opportunity to explain my position to you. The Federal Reserve is already subject to independent audits. The GAO has audited teh Federal Reserve over 100 times since it was created in 1913. The Federal Reserve has also been audited dozens of times by independent accounting firms. The GAO is not allowed to audit the Federal Reserve’s decisions on monetary policy or its transactions with foreign governments and central banks for very good reason. Opening up the Federal Reserve’s day to day decisions on monetary policy exposes our monetary policy to politics. The Federal Reserve is an independent agency for a reason. If the financial markets thinks that the Fed’s actions are politicized, investors will lose confidence in the Federal Reserve and our markets will decline. The Federal Reserve and Congress have recently taken steps to increase the transparency of the Federal Reserve. The Federal Reserve has begun publishing their balance sheet on their website, http://www.federalreserve.gov. This report gives information about the Federal Reserve’s balance sheet and lending programs and provides considerable new information about the number of borrowers at their various facilities, and the collateral pledged. Congress also passed the “Helping Families Save Their Homes Act” in March to allow the GAO to audit some of the Federal Reserve’s emergency actions, such as their guarantees of Citigroup and Bank of America. I believe the Federal Reserve should continue to be subject of public scrutiny. The Federal Reserve does not always make the right decisions. Both Federal Reserve Chairman Ben Bernanke and former Chairman Alan Greenspan have admitted that the Federal Reserve has made mistakes in the past. Congress is learning from these mistakes and I am working with my colleagues to fix them through reforming the regulation of our financial markets to prevent a crisis from reoccurring. As the 111th Congress progresses I will be sure to keep your thoughts in mind. Thank you again for taking the time to contact me. Although we disagree on this issue I am sure there are many more issues on which we agree.”

    Basicly he’s saying it’s OK that this organization has lost over 90% of our dollar’s buying power because “everyone makes mistakes”.

    Ron, could you give this guy a one on one next time you see him?

    Reply
    • christine says:

      October 27, 2009 at 4:13 pm

      “Opening up the Federal Reserve’s day to day decisions on monetary policy exposes our monetary policy to politics. The Federal Reserve is an independent agency for a reason. If the financial markets thinks that the Fed’s actions are politicized, investors will lose confidence in the Federal Reserve and our markets will decline.”

      A mistake! ha! These are planned and orchestrated events by the FED/U.S. of America, a federal corporation/big corporations all functioning together.

      Politicized…yeah buddy they are already. They make treaties and agreements with other countries, financial arrangements without the approval of congress. They are a government unto themselves operating within America. Can’t get much more political than that. A country does well or doesn’t depending on this FED, the elite, secret group of monstrous, self-centered people. Exposure is due. Time for their scamming and schemeing to come to an end. They are ruining, America, the world, not making it a better place to live! Time for the secret to be over and for everyone to know. Those who have known for some time now are tired of being doubted by the naysayers (oh, that can’t be). We need to come together as a mighty force and say no more! The only way all will see and know is through a thorough audit, full exposure, come what may. We can’t clean house when the thieves are still free and comfortably residing in our home, America!

      Reply
18. Joe P says:

    October 27, 2009 at 7:00 am

    Here is the reponse I received from Senator Landrieu of Louisiana.

    Dear Mr. Pitre:

    Thank you for contacting my office regarding S. 604, the Federal Reserve Sunshine Act. I appreciate hearing from you on this important issue and apologize for the delay in my response.

    I have consistently supported government transparency and have voted for increased transparency of the Federal Reserve in the past. As such, on April 2, 2009, I, along with 59 of my colleagues, voted for an amendment specifically calling for increased transparency of the Federal Reserve, including an audit by the Government Accountability Office (GAO).

    As you may know, S. 604 gives the GAO the authority to conduct an independent audit of the Federal Reserve. In addition, S. 604 requires the GAO to report its findings to Congress by the end of 2010. Presently, only certain functions of the Federal Reserve can be audited. These restrictions were set in place to protect the agency from undue political interference. Please rest assured that I am reviewing this legislation and other alternatives to this bill to increase transparency at the Federal Reserve. It is important that we achieve this goal while maintaining the necessary separation between the setting of monetary policy and political influence.

    Currently, the Senate Committee on Banking, Housing, and Urban Affairs is considering S. 604. Please rest assured that I will keep your views in mind should this bill come before the full Senate for a vote.

    Again, I appreciate the opportunity to hear from you and I hope you will continue to contact me on issues of mutual concern. Please also feel free to visit my website at http://landrieu.senate.gov for more information on legislative affairs.

    With warmest regards, I am

    Sincerely,

    Mary L. Landrieu

    United States Senator

    Reply
    • Jan says:

      October 27, 2009 at 6:23 pm

      Fall Of The Republic – The Presidency Of Barack H Obama – The Full Movie HQ

      http://www.youtube.com/watch?v=F8LPNRI_6T8

      We have some very reputable people on our side….a must watch for encouragement in our persuit of keeping our country under the Constitution and Bill of Rights……..and for us people/humans to maintain security for our lives and our families lives………

      thanks C……for sending it to me…..

      Reply
19. Lee J. Morales says:

    October 26, 2009 at 11:14 pm

    A response from my congressman Silvestre Reyes of the 16th Congressional District of Texas. After many phone calls, emails, written letters and voice mails, this is what the Congressman had to say about H.R1207. Note: I am in the midst of writing a solid response to the Congressman. -Lee, El Paso, TX

    September 21, 2009

    Mr. Lee J Morales
    El Paso, Texas

    Dear Mr. Morales:

    Thank you for contacting me about the Federal Reserve. I appreciate knowing your thoughts on this issue, and thank you for taking an interest in your government.

    Since 1913, the Federal Reserve System has served as the central bank for the United States and acts as a lender to financial institutions during times of economic crisis. As you know, in the fall of 2008, the ability to access funds from capital markets was restricted for many financial institutions, causing a “liquidity crunch” and sharpened the economic downtown. To ensure banking operations across the country continued, the Federal Reserve expanded its balance sheet by purchasing assets from private financial institutions and added over one trillion dollars to the financial system.

    Deciding the appropriate level of oversight for the Federal Reserve has long been a matter of debate among policymakers. Though this institution controls a considerable amount of public funds, there is limited day-to-day oversight by Congress. To increase transparency, my colleagues introduced H.R. 1207, the Federal Reserve Transparency Act 2009, which would allow for an audit of the Federal Reserve’s balance sheets. However, I believe we must be careful to strike an appropriate balance between effective oversight and political autonomy. The Federal Reserve’s ability to make monetary policy free of political influence is an important element in maintaining a healthy financial system.

    You may be interested to know that the recently enacted Helping Families Save Their Homes Act of 2009 includes provisions which allow the Government Accountability Office to audit a number of Federal Reserve emergency activities. Chairman Ben Bernanke has also begun issuing a series of reports in response to a budget amendment requiring greater transparency offered by Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs. These monthly reports on the Federal Reserve’s balance sheet aim to make their efforts to stabilize the financial system more accessible for review.

    Again, I appreciate your taking the time to share your concerns with me. Please contact me or my staff if I can be of further assistance. Also, please visit my website, http://www.reyes.house.gov, to sign up for my email newsletter, learn about my recent activities, and obtain information on federal programs.

    Sincerely,

    Silvestre Reyes

    Member of Congress

    Reply
20. Aaron Russo Lives says:

    October 26, 2009 at 4:29 pm

    [...] week a new bill was introduced in the Senate to audit the Federal Reserve. Some backers of my bill HR 1207 and the existing Senate companion bill S 604 were a little miffed [...]

    Reply
21. Ron Paul to Federal Reserve: Anything Less Than Full Disclosure Is Unacceptable! « Aaron Russo Lives says:

    October 26, 2009 at 4:23 pm

    [...] week a new bill was introduced in the Senate to audit the Federal Reserve. Some backers of my bill HR 1207 and the existing Senate companion bill S 604 were a little miffed [...]

    Reply
22. Ron Paul to Federal Reserve: Anything Less Than Full Disclosure Is Unacceptable! « Anti Oligarch says:

    October 26, 2009 at 4:17 pm

    [...] week a new bill was introduced in the Senate to audit the Federal Reserve. Some backers of my bill HR 1207 and the existing Senate companion bill S 604 were a little miffed [...]

    Reply
23. James says:

    October 26, 2009 at 3:56 pm

    Why won’t representative Frank Pallone D-NJ get with this bill!!

    Reply
24. 1.25 Trillion dollars of worth(less) real estate « Because hopefully you are smart enough to draw your own conclusions. says:

    October 25, 2009 at 10:57 am

    [...] like Bear Stearns did before it blew up. If you want to stop being lied to sign the petition to audit the fed and make sure it gets done. Unless of course you like being kept in the dark. ▶ Comment [...]

    Reply
25. Jerry R says:

    October 21, 2009 at 9:04 pm

    The Constitution of United States of America

    Article 1 Section 9

    Account of the Receipts and Expenditures of all public Money shall be published from time to time

    All Public Money, whether received or expended must be made public. Not some, not secretively, no exceptions!

    Reply
    • Balls says:

      October 26, 2009 at 1:25 pm

      I’ll say it again; a W-2 is a “gift” release form. You fill out a W-2, you sign your “public” “taxes” to be used for private purpose.

      It’s a no-brainer. The gov. cannot use public money for private purposes. They did. How can they break the law? They get you to unknowingly “gift” it to them. “Your” money is not longer public funds when you “sign it over to them”.

      The Federal Reserve is NOT a government agency. It is a private bank. End of story.

      Reply
26. Ron Paul: Here Comes the BIG ONE says:

    October 20, 2009 at 2:09 pm

    [...] out to be disastrously wrong — he even gained a bit of mainstream cred. So when he introduced HR 1207 to audit the Fed, the response was at first respectful, and then enthusiastic. Instead of instantly [...]

    Reply
27. rick says:

    October 18, 2009 at 11:56 pm

    phuck em audit the fed lets get it out in the open and move on the truth will prevail

    Reply
28. Time for action says:

    October 18, 2009 at 11:20 pm

    Here’s a problem. 9/11 took care of the Enron problem for the crooks. What will take care of the problem created by our insistence to open the Fed’s Pandora’s Box? If they are capable of killing thousands to escape being exposed one time, what will they do this time?

    I say, AUDIT THE FED.

    Reply
29. Anonymous Banker says:

    October 18, 2009 at 7:39 pm

    In July the Anonymous Banker wrote to TALF and asked them which banks divested themselves of $31 billion dollars worth of toxic credit card and auto loans. After all, if my tax dollars will ultimately be used to offset losses from these portfolios of Credit Card and Auto loan Asset Backed Securities financed on a non-recourse basis by the Fed, then surely I must have the right to know who’s selling them. Not so…..

    Reply from TALF@NY.FRB.ORG
    Thank you for your inquiry. This information is not publically available. We do not disclose specific borrowers of any 13.3 loans.

    Original Message from Anonymous Banker to FRBNY
    perc-up@perc-up.org
    07/22/2009 10:28 PM
    To TALF@ny.frb.org
    cc
    Subject Questions on TALF

    If ever there was a time for the people of this country to band together in support of legislation, this is it. Please follow this website and write your Congressional Leaders. Let them know that if they are representing YOU, then they need to support HR 1207.

    I’ve been following TALF and I’ve noticed that there is no information
    on which financial institutions are selling the assets, only the
    cumulative total of assets purchased under the program.

    I would like a breakdown of TALF assets sold by financial institution
    and then by asset class.

    Please let me know what I need to do to obtain this information.

    Reply
30. rick says:

    October 18, 2009 at 7:37 pm

    i would aski him why he isnt using his popularity to fix things why has he reversed publically bushes small time policies like some stupid game reserve that noone even can remeber the name and he left intacked the contraversial ones that started this snowball headed for hell like wiretapping on american citizens ,why does it seem like hes just more of the same ol same ol and nothing gets done,why did you put troops in harms way by not sending in reinforcments to afghanistan when the general asks because it might hurt your chances for the peace prize? or was it not politically motivated decision? i think it was

    Reply
31. Jan says:

    October 18, 2009 at 7:23 pm

    IF YOU COULD SAY A FEW WORDS TO PRESIDENT OBAMA WHAT WOULD THEY BE?

    Reply
32. rick says:

    October 18, 2009 at 7:22 pm

    seems like the only thing thats gonna unite us as a nation again is a third party free from special interestes groups to rise up and start kicking some ass not the independant party pushing this global warming trying to for a green economy out of it or some stupid shit like that because this year is sposed to be a very cold winter and its starting early if the world was warming how would u explain this? not the repubs well we all know what they push what theyve always pushed rich get rich and poor stay poor not the dems the all about hooking up friends with jobs in high places pushing there big government and taxes we need a aprty that believes in traditional constitutional rights and values and follow it to the tee u know values like hard work,family,church whatever church you believe in is fine to each is own,little or no government intervention be it state local or federal,fiscal responsibility,basically i want to be treat like a damn adult not some little kid thats gonna hurt themselves if left unsupervised its bullshit if i want 300 guns and havent committed any violent crimes i should be able to own em,if i want to smoke a joint in my own home and not in front of minors dammit i should be able to ,if i want to drink a beer sittin on my lawnmower in my front yard i should not fear being harrassed and arrested for dui or some rediculous shit i mean where is the common sense gone in this country laws laws laws thats all we are a nation of laws hell u cant even keep up with them all u could be breaking the law and not even know it its all bullshit we need to get back to some serious taking to the streets protestign and busting heads along with voting them out i mean that seams like theyre pushing to see how much they will get away with before the american people start pushing back

    Reply
33. Harold says:

    October 18, 2009 at 11:28 am

    What will auditing the fed accomplish? For starters it will show us what is being done with the debt money being created on our future labors. It will let us know what and who is using our future labors too pursue the agenda that is by the available evidence contrary to our best interests. It will open to the light of day the past violations of our trust. It will open the eyes of the niave.
    Is capitolism good? That depends of whether it is true capitolism operating under a free market, which the current system is not. The current system is cartel capitolism, and is not operating as a free market. Today you go to the cartel and borrow artifically created capitol for any interprise you wish to pursue and submit to their rules. Then you pay them for years. surrendering your future labors for the privlege of taking part. The current system is a cartel, a monopoly, there is nothing about it that is free market.
    Auditing the fed will bring the iniquities of the past and the present to the light of day. Once exposed it should reasonably be expected to at least try to change, not for the sake of right versus wrong, but to attempt to save itself.
    In a true capitolist system there would be oppertuniy open to all, but in a controlled manipulated cartel monopoly capitolist system we are mrerely pawns. Free market capilism; great, however, cartel capitolism under an elite, anyhting but great.

    Reply
    • rick says:

      October 18, 2009 at 12:17 pm

      exactly what i was trying to say you put it so eloquently were screwed either way and will be digging ourselves out for a very long time this is just the start of the revolution where everyone is starting to awake to the corruption i spose it will last 10-15-maybe 20 years before it truly gets straightened out ,good post anyways easy to understand even for a layman working class welder like me

      Reply
34. Jonathan says:

    October 17, 2009 at 4:57 pm

    I question a couple of things.
    One: what else is on it? two: Are we going to pay for it? Three: how long is going to take? four: What is it going to do?

    One: other clauses could mean loop holes or exclusions that defeat the purpose of the bill or just open the door for other problems.
    two: taxes? loans/bonds? to me taxes would be the better choice since they typically avoid debt to foriegn lenders that have thier nations intrests in mind.
    three: Will it interfere with house and senate’s normal sessions? that could be bad if other matters come up that need to be addressed.
    four: What happens if it turns out bad? What happens when it turns out good? Will previous foriegn lenders start to question the safety of investments?

    United states has always been a democracy. I am thankful for that. Even if it didn’t always seem that way to some, but we survived. Not just becuase the system works, but becuase we wanted it to. I am certain reguardless of who votes or signs for the bill, the decision will be democratic becuase it adheres to the governing principals of democracy.

    Reply
    • rick says:

      October 17, 2009 at 5:41 pm

      United states has always been a democracy. I am thankful for that. Even if it
      didn’t always seem that way to some, but we survived. Not just becuase the
      system works, but becuase we wanted it to. I am certain reguardless of who
      votes or signs for the bill, the decision will be democratic becuase it adheres
      to the governing principals of democracy.

      ?????????????????????????????????????????????????????????????really????????????? you need to wake up man its a damn conspiracy theres nothing democratic about it,its a ruling elite banding togther to oppress a free people and reap huge profits from the sweat of there brow and remain elite,people that think like you think is precisly why they could do this to us,you should always question what the government is doing even when things are going good because you never really know whats brewing under the surface money=power=evil=slavery on a global scale the more corruption that seems to be showing up makes me question whether we ever really were a democracy at all seems to me weve all been duped and lead into the slaughter by our leaders and setup to fail with are debt now we have to kiss ass to people like china because we have trade agreements

      Reply
      • Jan says:

        October 17, 2009 at 7:10 pm

        I know there is a difference between the two words, Democracy and Capitalism.
        We voted in a Democratic election for President Obama, who ran on a Democrat ticket.
        Democracy Definition | Definition of Democracy at Dictionary.com
        1. government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected …
        dictionary.reference.com/browse/democracy

        But we did not know that he would then appoint Cabinet members who are in the CFR, IMF,Bank CEO’s, Illuminati’s and 40 CZARS, who have background in Marxism, Maoism, and Communism. While hanging onto the coat tails of Brzezinski, and Kissinger the directors of the “game”.
        The Marxist Roots of Black Liberation Theology,by Anthony B. Bradley Ph.D. will tell the indoctrination on how a black man thinks and why our President is going forward with many programs to help the poor and the middleclass . Yes we need help from getting free of the Elites who run our country now, and help with the proper re- distribution of wealth, for poor and middleclass blacks, and for whites……..
        Obama is the man who can do it…..however, most whites feel victimized by the system as well …..but we unlike the churched Black liberation movement did not incorporate a Socialistic , Marxist,Communistic ideology in our training. In fact , most whites were never taught how to free themselves from our Elitest Capitalistic nation.

        Capitalists – definition of Capitalists by the Free Online …
        cap·i·tal·ist (k p -tl- st). n. 1. A supporter of capitalism. 2. An investor of capital in business, especially one having a major financial interest in an …
        http://www.thefreedictionary.com/Capitalists

        So, the opposite of Capitalism is Socialism…….so which one have you been most affected by in the past 80 years? Has Capitalism hurt the poor and the middleclass who have no money to get up into the upper class? Can we invest 100k in a stock owned by a Capitalist Company? Every company on the Stock Market has its employees invest in their stock……does it help increase their wages or their working condtions, or does it help pay their CEO”s big bonus’s each year? Who did it help?
        That’s like a slave must have said….I’m glad I have a job , a roof over my head and food on the table…….but doesn’t make enough to be able to be free to buy a piece of land themselves and become self supporting. Its like the CEO”s could be compared to Slave Master’s and Plantation owners……..so what has changed?
        How free have we been under this United States Corporation?????????
        Chained to the company we work for , and do as we are told…..work overtime , with no breaks……odd shifts or muliple shifts……
        It was the Republicans who have “borke the unions” across this country…..the slave master did not want to give us a proper wage for our labor and benefits….

        I don’t know of another country in the world that is like ours……..do you? They all have socialized medicine as far as I know……except us…….the slaves get many health problems from slaving away at their masters corporations……Work is hard …….GM workers worked in 120 degree factories during the summers….the average GM factory worker was dying at age 55yrs old…..I took care of many of them in the hospitals in Lansing , Michigan. No one wants to take care of them do they …….so we need Socialized medicine now….I don’t believe in most of what they do anymore but whatever I need it in case I have a catastrophic medical emergency……otherwise I’ll buy all the nutritional supplements I need to stay healthy…….

        Also, every manufacturing company in the USA most likely moved out or closed due to the pollution they contributed to our land , air and water…..they did it to escape the clean up fines……..the only thing is the countries they moved to will now be polluted for free as they move across our world dumping their waste polluting our land, air and water…..killing the people was the wave moves across the earth…….while government continues to blame the taxpayers for illness,or poor life styles. and taxes us heavily for cigarette smoking.

        So, as long as we don’t get killed by the millions like Mao and Hitler and Stalin did ……I don’t care if we become a Socialist government……I don’t see the Capitalist running in to rescue us do you????? they aren’t bailing us out…..they are takers not givers……the only thing our congress shouldn’t be allowing however is the Federal Reserve confiscating all of the dollars in the world and withholding it from us…….I do believe they should start “The People’s Bank” like Abe Lincoln tried to do before the Feds assassinated him..over it…….We still need our own money away from the Federal Mafia boys…….just like the mafia gangs do they collect a percentage..well we pay taxes our wages , and that money should not go into the profiteers of our government Beneacke ’s hands…it should go to the people’s bank and earn interest. Like the CAFR funds do for the government benefits……….
        The people need their banks and the Federal gov. can have the Federal Reserve bank if they want i, but we need to take out all of our money and start one for the people.. If government wants Federal Banks fine, If State gov. wants state employee banks fine, but the public sector wants their banks too……..and we want the freedom for our wages to go into the peoples bank……in fact we want our bank to handle all of our benefits, our retirement our healthcare………I just thought of that….wouldn’t that be cool…….to Separate our money from the gov money……..wow………..I love that idea.
        Who needs a central bank anyway? Why do we think we need one…..just because our Benacke and Geithner just shut them all down ???????????? People rise up against that……..no one protested that yet……HMMMM

        Reply
        • Lindsey says:

          October 18, 2009 at 12:07 am

          Jan: A moral electorate is necessary for a successful government like ours. Also, capitalism, unfettered by moral practices is doomed to failure. We all need to pray about our morals and maybe we can come out of this whole thing.

          Reply
          • Jan says:

            October 18, 2009 at 2:52 am

            Who do you suggest ? How about Ron Pauls son? And Ron Paul as VP

            I just saw the NWO DADDY BUSH and OBAMA on C-Span..tonight!.
            Pappa Bush started the Points of Light youth institute you know ,and so he has Obama speak at it ……to abunch of robotic / zombie looking , probably hypnotized and brainwashed kids in white uniforms…..Hilliary used to be the Chair person of it…..
            It is suppose to help kids be leaders. It all sounds good until you find out more about it……….here:
            http://www.scoreboard-canada.com/babylon-lightfoundation.htm

            Illuminati Networks Exposed
            New Babylon Rising Corporate & Government connections

            Bush Thousand Points of Light Foundation linked to 333 Solar Worship
            (Scoreboard Canada contributer Aug. 28th, 2007)
          • Jan says:

            October 18, 2009 at 3:15 am

            ‘The world is a dangerous place to live in, not because of the people who are evil, but because of the people who don’t do anything about it.’ Albert Einstein

            ‘I do believe in democracy and I do believe in the power of the people and I do believe that if we took our case and…yelled it loud enough and enough times that we would prevail. ‘ David Asper – The Milgaard Inquiry.

            http://www.scoreboardcanada.ca/mhicks.htm
            —————————————————————————————————————————–
            http://www.globalresearch.ca/index.php?context=va&aid=15501

            The Economic Recovery is an Illusion
            The Bank for International Settlements (BIS) Warns of Future Crises

            by Andrew Gavin Marshall

            This sounds like what your trying to tell us Christine…….
            War is Peace, Freedom is Slavery, Ignorance is Strength, and Debt is Recovery

            In light of the ever-present and unyieldingly persistent exclamations of ‘an end’ to the recession, a ‘solution’ to the crisis, and a ‘recovery’ of the economy; we must remember that we are being told this by the very same people and institutions which told us, in years past, that there was ‘nothing to worry about,’ that ‘the fundamentals are fine,’ and that there was ‘no danger’ of an economic crisis.

            Why do we continue to believe the same people that have, in both statements and choices, been nothing but wrong? Who should we believe and turn to for more accurate information and analysis? Perhaps a useful source would be those at the epicenter of the crisis, in the heart of the shadowy world of central banking, at the global banking regulator, and the “most prestigious financial institution in the world,” which accurately predicted the crisis thus far: The Bank for International Settlements (BIS). This would be a good place to start.

            (……….this is a Canadian site, but even so they too are rally and ranting about what has happen with this Financial Coup De Tat! I think after seeing this article, that I will check out some what other countries are saying about this World Wide Shut down , and confiscation of the Peoples Money……..)

            The economic crisis is anything but over, the “solutions” have been akin to putting a band-aid on an amputated arm. The Bank for International Settlements (BIS), the central bank to the world’s central banks, has warned and continues to warn against such misplaced hopes.

            In September of 2009, the BIS reported that, “The global market for derivatives rebounded to $426 Trillion in the second quarter as risk appetite returned, but the system remains unstable and prone to crises.” !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

            Were we told this ???????????????NO

            A Coming Crisis

            The derivatives market represents a massive threat to the stability of the global economy. However, it is one among many threats, all of which are related and intertwined; one will set off another. The big elephant in the room is the major financial bubble created from the bailouts and “stimulus” packages worldwide. This money has been used by major banks to consolidate the economy; buying up smaller banks and absorbing the real economy; productive industry. The money has also gone into speculation, feeding the derivatives bubble and leading to a rise in stock markets, a completely illusory and manufactured occurrence. The bailouts have, in effect, fed the derivatives bubble to dangerous new levels as well as inflating the stock market to an unsustainable position.

            However, a massive threat looms in the cost of the bailouts and so-called “stimulus” packages. The economic crisis was created as a result of low interest rates and easy money: high-risk loans were being made, money was invested in anything and everything, the housing market inflated, the commercial real estate market inflated, derivatives trade soared to the hundreds of trillions per year, speculation ran rampant and dominated the global financial system. Hedge funds were the willing facilitators of the derivatives trade, and the large banks were the major participants and holders.

            At the same time, governments spent money loosely, specifically the United States, paying for multi-trillion dollar wars and defense budgets, printing money out of thin air, courtesy of the global central banking system. All the money that was produced, in turn, produced debt. By 2007, the total debt – domestic, commercial and consumer debt – of the United States stood at a shocking $51 trillion. The Bush/Paulson Secret ……….revealed………….yeh yeh yeh……

            As if this debt burden was not enough, considering it would be impossible to ever pay back, the past two years has seen the most expansive and rapid debt expansion ever seen in world history – in the form of stimulus and bailout packages around the world. In July of 2009, it was reported that, “U.S. taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, said Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.”[18]

            Bilderberg Plan in Action?

            go to the article for the rest of the story…….
            .http://www.globalresearch.ca/index.php?context=va&aid=15501
      • christine says:

        October 17, 2009 at 10:45 pm

        Go a little eaiser on folks. A lot of people do not understand or know what has happened to our country. It is shattering to learn this information and a lot to take in. We hae trusted people in govt for so long and it is trust that has been betrayed no doubt about it. Good avice to always question the government, for sure. In fact, you can almost bet that what they say, they will do exactly the opposite. That you can count on, trust. A string of broken promises making much confusion, purposefully. When pres. O says that people are lieing, you can be it is he that is. It takes extra effort to listen to him because you always have to turn it around if you want to know the truth of something.

        We need more brave politicians who are not sitting in their positions just idly by, but are willing to shout out, That’s a lie! That surely would help our voices be heard.

        Reply
        • rick says:

          October 18, 2009 at 12:21 am

          i dont trust the guy that shouted you lie either or any republican for that matter they are the ones behind the scenes too im sure his only agenda is stopping obama at anything just as why obama is being stonewalled by the republican party on healthcare,seems like every republican that is in a position of authority has screwed us too so dont go thinking they are your buddy because they are far from it,dick cheney and george w are the creepiest pair weve had this century they have done more damage and raped this country as bad as it has ever been ,stole our privacy with the patriot act in the name of protection and started this whole ball rolling ,well it started 40 years ago but noone has advanced the cause as far as them two.the only ones that i trust are the ones that seem to make sense like ron paul who believe all we have to do is follow our constitution and stop trying the loopholes in it and stop trying to rewrite and amend our god given rights in the name of saving us

          Reply
          • rick says:

            October 18, 2009 at 12:27 am

            i saw a thing on kennedy the other night on tv when he was talking about secret society and the dangers to america and thats prolly why he was shot i mean i think everyone feels these days that lee harvey had help and was killed to keep from exposing it,but anyways my point was that it seemed like thats when all this nwo started and its been in the making for a long time
          • christine says:

            October 18, 2009 at 1:59 am

            Ron Paul is a republican, a republican representing the constitutional republic. The majority of republicans have lost their way in this democracy (mob rule) and are no longer upholding the constitution. We make our assessments individual by individual politician instead of by party these days for sure. Bush and Cheney, two scarey corrupt dudes. Bush sounded and acted more like a dictator as time went on. Neither could keep up with their own lies.

            RE: the guy who said “That’s a Lie!”

            US Senior Citizen Speaks Out on Healthcare Bill

            http://www.youtube.com/watch?v=j7sQHunYdN8&feature=PlayList&p=7D4AC4CEF04B058C&playnext=1&playnext_from=PL&index=22

            http://www.youtube.com/watch?v=0MJsF11PsnQ&feature=PlayList&p=7D4AC4CEF04B058C&index=23&playnext=2&playnext_from=PL
        • rick says:

          October 18, 2009 at 6:40 am

          ron paul is a republican but he is the only one i can see to vote for i choose my candidates by what they stand for not what group they are trying to please,if your listening dr ron you have to run your the great white hope,the last mohicans .i really cant see obama getting reelected i mean i bought into the whole we need change thing too but he really hasnt changed anything there still no jobs after 142,000,000,000,000,000,000 dollars my state got a bunch of stimulus money supposed to be for infrastructure but only a few of the largest contractors get the work the ones in the click i suspect that know the secret handshake and they still arent adding to there workforce of course theyer gonna try to do them with the people they already have on payroll and reap as much free money as they can,the healthcare bill i feel has gotten so much attention i feel as if its just a smokescreen diverting us from other bills that they want to get passed and just dont want too much media attention because thats there tactic like gun rights that they are trying to quietly sneak in and bitchslap us when were not looking with some state mandate that they will all jump on the bandwagon and before you know it our second ammendment will be gone or modified to the point that u as a responsible “free”adult cant own more than an air pistol as if we really want to rely on the corrupt cops to protect us whenn all hell breaks loose they cant even get there in a reasonable amount of time as it is.if you look around u will see that the only people making money these days are the ones in the good ol boy click network and they wanna keep it that way i mean i wouldnt really consider a few at the top controlling everything free market thats the illusion they say let free markets prevail but they control everything theres nothing free about it thats a frikkin monopoly manhow can they look at people with a straight face and say thats a free market when only the very few at the top control the laws that say its a free market and shape them into theyre favor?it doesnt jive sounds like communism to me borguease vs.prolitarian ,and the borders i mean cmon man you mean to tell me the greatest military on earth cant even close the gaps in its own borders?something is rotten in denmark there that tells me they dont want them closed if congress wanted the borders closed they would send 10000 national guard and it would be closed tommorrow with the swipe of a pen but the corps and neocons want cheap labor thats why everify will never pass either it would put 12 million cheap slaves out of work

          Reply
    • Nate Y says:

      October 17, 2009 at 6:28 pm

      Many of these are unanswerable questions. Also, the statement “United states has always been a democracy” is just plain wrong. The US, as outlined in the Constitution, is supposed to be a republic. I say supposed to be because the republic has been almost totally corrupted over time.

      Reply
    • christine says:

      October 17, 2009 at 10:32 pm

      Jonathan, there is a difference between a democracy (mob rule) and a republic (for the people, by the people, of the people).

      America started out as a republic, but the Act of 1871 changed that. After the civil war, America was in financial trouble, so once again the bankers took over the country. There was even a slight of hand change in the constitution. It used to read “constitution of the united states of America”, but they changed it to “constitution for the United States of America when the bankers (corporation) too over. The constitution now refers to the federal corporation, UNITED STATES OF AMERICA (that is different than our country, America). So no need to wonder now why the government gave all those bailouts to big corporations, like itself and forgot about the people, Americans. It is a corporation,thinks like a corporation, walks like a corporation.

      The United States corporation has been starting wars with other countries for the gain of oil and wealth stollen from other countries, while setting up other democracies (more mob rule) like our own. This is not what we want to spread. We want our own republic back, our founding documents including the declaration of independence, bill of rights and the constitution as it was originally intended, honored. Then we will once again have a government that is by the people where our voices are heard,(not by the corporations) who are stealing the wealth and health of Americans and other nations and working towards the new world order.

      http://www.livingquests.com/

      Click around this website. It will help you see what’s really going on. These videos, articles and websites helped me to a get a clearer understanding of what I was feeling. We sense something is wrong, but there has been a cloud of confusion. It’s all been hidden for a long time. This will help you sort things out for yourself.

      Reply
      • sean says:

        October 18, 2009 at 12:46 pm

        Wow I had to jump in on this one.. We have always had a democratic government. The correct term is a “Representative Democracy.” A Republic is a type of Representative Democracy.

        What makes a Republic a unique democracy is that we have a president or a head of state instead of a Monarch. The only difference is that a president has shorter terms.

        But we have always had a democracy. Even Thomas Jefferson had to get a “majority vote in congress.” But when he couldn’t get it, he actually went around the congress to get what he wanted.. Even our inspirational leaders have gone against the constitution.

        The reason why our government is so corrupt is because of all the lobbying that is done, where as the top 1% openly bribes the congress to get what they want. The reason why the top 1% is so rich is because we cut their taxes in half trying to be “patriotic,” as if that would “limit the government.” The only thing it has done is taken wealth from the poor and given it to the rich, and now the poor needs support. Its really a quagmire if you ask me. A government for the people cannot benefit the rich. It wont work because the poor will suffer, and then the government feels like it has to do something for the people.. Tax cuts may seem patriotic, but they have contradicted their efforts to the extreme..

        What people don’t understand is that taxes are in the constitution for a reason. Taxes were put into the Constitution specifically for the rich. They were supposed to be intended for those who profit off of others.

        And just so everyone knows. It is constitutional to have taxes on imports but not exports… for a reason.

        Reply
        • Lindsey says:

          October 18, 2009 at 3:20 pm

          Sean: Sounds like class warfare to me. Do you advocate class warfare? Taxes were put into the Constitution for the rich? Maybe income taxes, but not anymore that’s for sure! I didn’t realize that our founding fathers wanted to create a socialist government where the rich paid taxes to support the poor. In fact, I’ll bet Ben Franklin, James Madison, George Washington etc. would roll over in their graves if they read your statement about taxes being specifically for the rich and intended for those who profit off others.

          Reply
          • Jan says:

            October 18, 2009 at 6:08 pm

            Yes, our early Presidents believed in God and prayed to God for help!
            And I believe God or an Angel of Light spoke to President Washington on this day…..this is called “prophecy” and our founding fathers wrote the constitution for such a time as this…….take heed my fellow citizens……and vote all Dems and Reps out …….they have gone down the tubes and are taking us with them…!

            Prophecy of America
            by George Washington
            August 2008

            The father of our country, George Washington, was a man of prayer. We have all read of how he went to the thicket many times to pray during the winter his army was at Valley Forge. However, little publicity has been given to the vision and prophecy he received at that time. The account of this vision was given in 1859 by an old soldier. He gave it to a writer, Wesley Bradshaw, who published it. In the vision God revealed to George Washington that three great perils would come upon the Republic. He was given to know that America was going through the first peril at that time. The old soldier who told the story of the vision said that the nation would soon see the account verified by the second peril descending upon the land. We give the account here as it was reprinted in the U. S. war veterans’ paper The National Tribune, in December, 1880. The National Tribune is now called The Stars and Stripes. This article was reprinted in the Stars and Stripes December 21,1950. Here is the report of this phenomenal and most important heavenly message for us at this hour. Wesley Bradshaw wrote: The last time I ever saw Anthony Sherman was on the fourth of July 1859, in Independence Square. He was then ninety-nine years old, and becoming very feeble. But though so old, his dimming eyes rekindled as he gazed upon Independence Hall, which he came to visit once more.
            Message Disclosed

            “Let us go into the hall,” he said. “I want to tell you of an incident of Washington’s life-one which no one alive knows of except myself; and if you live, you will before long see it verified. Mark the prediction, you will see it verified.” “From the opening of the Revolution we experienced all phases-of fortune, now good and now ill, one time victorious and another conquered. The darkest period we had, I think, was when Washington after several reverses, retreated to Valley Forge, where he resolved to pass the winter of 1777. Ah! I have often seen the tears coursing down our dear commander’s care-worn cheeks, as he would be conversing with a confidential officer about the condition of his poor soldiers. You have doubtless heard the story of Washington’s going to the thicket to pray. Well, it was not only true, but he used often to pray in secret for aid and comfort. And God brought us safely through the darkest days of tribulation.” “One day, I remember it well, the chilly winds whistled through the leafless trees, though the sky was cloudless and the sun shone brightly. He remained in his quarters nearly all the afternoon, alone. When he came out I noticed that his face was a shade paler than usual, and there seemed to be something on his mind of more than ordinary importance. Returning just after dusk, he dispatched an orderly to the quarters of an officer, who was presently in attendance. After a preliminary conversation of about half an hour, Washington, gazing upon his companion with that strange look of dignity which he alone could command, said to
            the latter:
            An Uninvited Guest

            “I do not know whether it is owing to the anxiety of my mind, or what, but this afternoon, as I was sitting at this table engaged in preparing a dispatch, something in the apartment seemed to disturb me. Looking up, I beheld standing opposite me a singularly beautiful being. So astonished was I, for I had given strict orders not to be disturbed that it was some moments before I found language to inquire the cause of the visit. A second, a third, and even a fourth time did I repeat my question, but received no answer from my mysterious visitor except a slight raising of the eyes.” “By this time I felt strange sensations spreading through me. I would have risen but the riveted gaze of the being before me rendered volition impossible. I assayed once more to speak, but my tongue had become useless, as if paralyzed. A new influence, mysterious, potent, irresistible, took possession of me. All I could do was to gaze steadily, vacantly at my unknown visitor.” “Gradually the surrounding atmosphere seemed to fill with sensations, and grew luminous. Everything about me seemed to rarefy, the mysterious visitor also becoming more airy and yet more distinct to my sight than before. I began to feel as one dying, or rather to experience the sensations, which I have sometimes imagined, accompany death. I did not think, I did not reason, I did not move. All were alike impossible. I was only conscious of gazing fixedly, vacantly at my companion.”
            First Great Peril

            “Presently I heard a voice saying, ‘Son of the Republic, look and learn,’ while at the same time my visitor extended an arm eastward. I now beheld a heavy white vapor at some distance rising fold upon fold. This gradually dissipated, and I looked upon a strange scene. Before me lay, spread out in one vast plain, all the countries of the world-Europe, Asia, Africa and America. I saw rolling and tossing between Europe and America the billows of the Atlantic, and between Asia and America lay the Pacific. ‘Son of the Republic,’ said the same mysterious voice as before, ‘look and learn.’ “At that moment I beheld a dark, shadowy being, like an angel, standing, or rather floating in mid-air, between Europe and America. Dipping water out of the ocean in the hollow of each hand, he sprinkled some upon America with his right hand, while with his left he cast some over Europe. Immediately a cloud arose from these countries, and joined – in mid-ocean. For awhile it remained stationary, and then it moved slowly westward, until it enveloped America in its murky folds. Sharp flashes of lightning gleamed through it at intervals, and I heard the smothered groans and cries of the American people. “A second time the angel dipped water from the ocean and sprinkled it out as before. The dark cloud was then drawn back to the ocean, in whose heaving billows it sank from view.” “A third time I heard the mysterious voice saying, ‘Son of the Republic, look and learn.’ I cast my eyes upon America and beheld villages and towns and cities springing Up one after another until the whole land from the Atlantic to the Pacific was dotted with them. Again, I heard the mysterious voice say, ‘Son of the Republic, the end of the century comes, look and learn.” “And this time the dark shadowy angel turned his face southward. From Africa I saw an ill-omened specter approach our land. It flitted slowly and heavily over every town and city of the latter. The inhabitants presently set themselves in battle array against each other.
            Second Great Peril

            As I continued looking I saw a bright angel on whose brow rested a crown of light, on which was traced the word ‘UNION.’ He was bearing the American flag. He placed the flag between the divided nation and said, ‘Remember, you are brethren.’ “Instantly the inhabitants, casting down their weapons, became friends once more and united around the National Standard.” “Again I heard the mysterious voice saying, ‘Son of the Republic look and learn.’ At this the dark, shadowy angel placed a trumpet to his mouth, and blew three distinct blasts; and taking water from the ocean, he sprinkled it upon Europe, Asia and Africa.
            Third and Most Fearful Peril

            “Then my eyes beheld a fearful scene. From each of these continents arose thick black clouds that were soon joined into one. And throughout this mass there gleamed a dark red light by which I saw hordes of armed men. These men, moving with the cloud, marched by land and sailed by sea to America, which country was enveloped in the volume of cloud. And I dimly saw these vast armies devastate the whole country and ~ the villages, towns and cities which I had seen springing up.” “As my ears listened to the thundering of the cannon, clashing of the swords, and the shouts and cries of millions in mortal combat, I again heard the mysterious voice saying, ‘Son of the Republic, look and learn.” Where the voice had ceased, the dark shadowy angel placed his trumpet once more to his mouth, and blew a long and fearful blast.”"Instantly a light as of a thousand suns shone down from above me, and pierced and broke into fragments the dark cloud which enveloped America. At the same moment the angel upon whose head still shown the word UNION, and who bore our national flag in one hand, and a sword in the other, descended from the heavens attended by, legions of white spirits. These immediately joined the inhabitants of America, who I perceived were well-nigh overcome, but who immediately taking courage again, closed up their broken ranks and renewed the battle.” “Again, amid the fearful noise of the conflict I heard the mysterious voice saying, ‘Son of the Republic, look and learn.’ As the voice ceased the shadowy angel for the last time dipped water from the ocean and sprinkled it upon America. Instantly the dark cloud rolled back, together with the armies it had brought, leaving the inhabitants of the land victorious.”
            Heaven Intervenes

            “Then once more, I beheld the villages, towns and cities springing up where I had seen them before, while the bright angel, planting the azure standard he had brought in the midst of them, cried with the loud voice: “While the stars remain, and the heaven send down dew upon the earth, so long shall the UNION last.” And taking from his brow the crown on which blazoned the word ‘UNION,’ he placed it upon the Standard while the people, kneeling down, said ‘Amen.”
            The Interpretation

            The scene instantly began to fade and dissolve, and I, at last saw nothing but the rising, curling vapor I at first beheld. This also disappeared, and I found myself once more gazing upon the mysterious visitor, who, in the same voice I had heard before, said, ‘Son of the Republic, what you have seen is thus interpreted; Three great perils will come upon the Republic. The most fearful for her is the third. But the whole world united shall not prevail against her. Let every child of the Republic learn to live for his God, his land, and UNION” With these words the vision vanished, and I started from my seat and felt that I had seen a vision wherein had been shown me the birth, the progress, and the destiny of the United States.’”

            ‘Such, my friends,” the venerable narrator concluded, were the words I heard from Washington’s own lips, and America will do well to profit by them.”

            http://www.encountersnetwork.com/prophetic_insights.html
          • sean says:

            October 18, 2009 at 6:46 pm

            hahahahaha! what? The definition for “income tax” in the past was about corporate profit and capital gains. This is what was intended in the constitution, not individual’s income. And no I’m not for class warfare. I’m against the income tax on the fruits of our labor. I doubt you have ever read any of james madison’s work. I suggest you do.

            http://en.wikipedia.org/wiki/Tax_protester_constitutional_arguments#Corporate_profits
          • sean says:

            October 18, 2009 at 6:56 pm

            So Lindsey.. Why did James Madison give the congress the ability to tax in the Constitution? You tell me, you seem to know the answer.
          • sean says:

            October 18, 2009 at 7:10 pm

            Any form of taxation is a social plan. I’m not for social plans but I believe if we are going to have them, the rich should be taxed more than everyone else, or you are going to get this huge income inequality where the rich literally own the rest of the country. I’m against this if you can’t tell.. I guess you are for corporatism and believe that you are better off at the bottom end of the totem pole.
        • christine says:

          October 18, 2009 at 4:41 pm

          Sean, of course you had to jump on this. You are predictable.

          Reply
35. Alan Grayson Exposes The Federal Reserve | The Emotion Machine says:

    October 15, 2009 at 6:43 pm

    [...] am so happy to see Democrat progressive Alan Grayson helping Ron Paul in leading the charge on the Audit The Fed Bill (HR 1207 and S 604). It currently has 301 cosponsors in the House and 30 in the Senate. Spread the [...]

    Reply
36. Evans Politics » Blog Archive » September 2009 Part 7 says:

    October 15, 2009 at 1:27 pm

    [...] Audit the Federal Reserve: HR 1207 and S 604, from Ron Paul’s website (he sure got this one right). The bill now has 290 co-sponsors in [...]

    Reply
37. Evans Politics » Blog Archive » September 2009 Part 4 says:

    October 15, 2009 at 12:05 pm

    [...] Audit the Federal Reserve: HR 1207 and S 604, from Ron Paul’s website (he sure got this one right). The bill now has 290 co-sponsors in [...]

    Reply
38. Douglas says:

    October 14, 2009 at 11:59 pm

    What is this audit? This is a futile attempt to unveil the workings of the most ludicrous global financial powers. The Federal Reserve is an International corporation and the United States of America is just one of their subjects. Oh no what a dirty big secrecy! Subjection through monetary power. Not such a big revelation. Just reality! So now what. This is where things get interesting.

    What is the Achilles Heel of the money changers??

    Reply
39. Financial Coup D’Etat and the Reaction of Gold | HighYields.com says:

    October 14, 2009 at 7:00 pm

    [...] overwhelming support for Ron Paul’s Audit The Fed Legislation, now with 301 co-sponsors per RonPaul.Com. Once again, a few years ago, people thought Paul’s idea was [...]

    Reply
40. Audit the Federal Reserve: HR 1207 and S 604 | Republican Party of Milwaukee County says:

    October 14, 2009 at 11:27 am

    [...] Read more at http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/ [...]

    Reply
41. Financial Coup D’Etat and the Reaction of Gold « THE INTERNET POST says:

    October 14, 2009 at 11:10 am

    [...] overwhelming support for Ron Paul’s Audit The Fed Legislation, now with 301 co-sponsors perRonPaul.Com. Once again, a few years ago, people thought Paul’s idea was [...]

    Reply
42. Financial Coup D’Etat and the Reaction of Gold says:

    October 14, 2009 at 11:01 am

    [...] overwhelming support for Ron Paul’s Audit The Fed Legislation, now with 301 co-sponsors per RonPaul.Com. Once again, a few years ago, people thought Paul’s idea was [...]

    Reply
43. George says:

    October 13, 2009 at 1:12 pm

    Only a well informed and educated public can stop the banks from controlling their nation. Unfortunately, the large majority of the public have no clue or understanding of how the banking and financial system in America works.
    “It is well enough that the people of this nation do not understand their banking and financial system, for if they did, there would be a revolution before morning” – Henry Ford.

    We need to inform and educate everyone about the banking system of fractional reserve banking and debt.

    As long as someone else controls the issuing of our country’s currency, someone else will be in control of our destiny.

    Take back the control and issuing of our currency from the private banking cartel, and put the issuing and control back in the hands of the American people, where it rightfully belongs.

    Free Press and Interest Free Currency is the only true freedom, everything else is an illusion of theater, and slavery.

    Reply
    • Juggergrimrod says:

      October 13, 2009 at 3:08 pm

      Good post George
      I think these guys have the best insight into the issue so far
      http://www.monetary.org
      Check it out

      Cheers!

      Reply
44. Charles C Miller says:

    October 13, 2009 at 1:50 am

    any one remember ex post facto? how does congress think it has authority to change is prior acts when it gave up the right to supervision? penalising the fed now for doing what it was created to do is worse than the fed itself because congress should know its own powers and constitutional limits.
    the fed uses my equity , labor , sweat equity, to fund its PRIVATE money.
    there is only one bank in america, THE FED!!! this is simply because there is only one money supplyer in control of the money system.
    any one really serious about the fed should study trust law &its history which will expose each individual americans right to two things in relation to the fed. 1, right to see the indenture allowing the fed to operate off our sweat equity. there is none!! .2 right to audit use of value taken. value in this context is the labor that has backed the feds private money since johnson took the silver out of circulation.
    1913 act was & is illegal in relation to constitutional limits. WHY? congress has no power not given to it &no matter how many say different the facts are the facts. a fraud can not be cured in any manner less than destroying it with a real , proper act!!

    what solution is it to have those that have used the fed system for their own benefit for spending our value for years & years audit their pay master??

    the real solution is very , very simple. US Treasury to issue our money so that we the American People receive the benefit of our money system, not the FED, nor congress in its spending sprees.

    is the concept of simple lawfull money system so far out no one will embrace its integrity?????????

    Reply
    • Juggergrimrod says:

      October 13, 2009 at 3:10 pm

      Good post Charles.

      Check this out if you haven’t already
      http://www.monetary.org/briefusmonetaryhistory.htm

      Reply
      • Nate Y says:

        October 18, 2009 at 3:49 am

        Still with this Zarlenga monetary position? Tell me, would the people at monetary.org be willing to have commodity money compete freely on the market with this Treasury issued paper? Emphasis on “freely” meaning that the new Treasury paper would not be supported by a law making it a legal tender. Are they willing to do this? Are they willing to let the people be sovereign? Are they willing to let economic liberty reign? Or are they just a (maybe) smarter (maybe) more moral bunch of men and women who (with the noblest of intentions, no doubt) seek to control the economy with a new version of easily corruptible fiat paper money?

        If they’re willing to let commodity money freely compete then I’m all for it. My bets would be on commodity money coming out on top. Honesty and integrity always win in the long run.

        Reply
45. rick says:

    October 10, 2009 at 2:20 pm

    and i would be weery that it was done by which independant agency
    ? i mean they could call up joe smoe who was there roomate in college and now heads whatever agency and say hey i need a favor on this report and have no over sight or accountability whatsoever like everything else this congress lets slip through the cracks,it has to be done by a commitee of lawmakers not some fly by night agency…..oh wait isnt that what congress has become? i guess were screwed until we vote them out and start over

    Reply
46. Janice says:

    October 10, 2009 at 2:56 am

    Here is your Audit of the Federal Reserve!
    by Walter Burien – 06/21/09
    Gee, it appears everyone recently is looking for an audit of the Federal Reserve to be done, why look or wait any longer, here it is!

    All you had to do was ask, they have provided one each year for the last 96 years.

    Here is for 2008 – http://cafr1.com/STATES/FEDERAL-RESERVE/FR2008AR.pdf

    Here is for 2007 – http://cafr1.com/STATES/FEDERAL-RESERVE/FR2007CAFR.pdf

    Here is for 2006 – http://cafr1.com/STATES/FEDERAL-RESERVE/FR2006CAFR.pdf
    ———————————————————————————————
    http://cafr1.com/FRaudit.html
    to help you read it and to know what to look for go to the above site..

    ——————————————————————————————–
    Again, audit the Federal Reserve banks you say, well here it is. The Federal Reserve’s Annual Report “is an audit” of the Federal Reserve as noted and signed off upon by several independent parties as noted in the report.

    To date I have not been able to figure out why several other parties have been pushing for a “special bill” to audit the Federal Reserve System when all they have to do is download it.

    Maybe they want an audit of the audit?

    Here is your Audit of the Federal Reserve!
    by Walter Burien – 06/21/09

    DUH! See you just have to know somebody who knows what the heck their doing! LOL!

    Reply
    • Lindsey says:

      October 10, 2009 at 11:46 am

      Janice: These are annual reports. They are not audits. When you file your tax return to the IRS that is a report by you to the IRS. When they audit you then they are checking to make sure that the return you filed is accurate. We want an audit of the Fed. not an annual report. They obviously file an annual report just like other corporations etc. in this country.

      Reply
47. Bernie says:

    October 10, 2009 at 1:04 am

    Will someone please give me a clue as to why tomorrow really matters?

    Reply
48. The Rising Tide Against the Federal Reserve says:

    October 8, 2009 at 11:18 pm

    [...] Paul’s bill to audit the Federal Reserve (HR 1207) has 301 co-sponsors in the House, and it’s companion bill in the Senate has already [...]

    Reply
49. Federal Reserve rejects request for public Audit « Did You Know says:

    October 7, 2009 at 9:46 pm

    [...] bill, House Resolution 1207, which would subject the Fed to a complete audit, has gained significant traction in the U.S. House [...]

    Reply
50. Oil States Plot to Drop the Dollar says:

    October 6, 2009 at 5:15 pm

    [...] Yes it is, and this is why the most important movement in America today, is the movement to End the Fed! [...]

    Reply
51. JuggerGrimrod says:

    October 5, 2009 at 2:44 pm

    http://www.monetary.org
    WHAT’S GONE WRONG?
    Unheard of wealth concentrates into very few, largely undeserving hands. Americans work harder and produce more than ever but increasingly fall into debt and bankruptcy while corruption rules, and predators plunder society by merely shuffling papers. Less than 1% of the population now owns about 50% of the wealth, and receives 17% of the income! The Lost Science of Money shows how a false concept of money allowed it to happen, and tells how to reverse it.
    SECRET POWER UNMASKED
    Here are the keys that unlock the mystery of the money power – the hidden force secretly exercised by those holding society’s monetary reins.
    The Lost Science of Money exposes the mythology created to protect those who are embezzling from society, under cover of a deceptive ideology of money. This group has immorally used economic theory as a tool of class war for the past three hundred years, while screaming accusations of “class warfare” against those who question their power!

    The author provides the weapons needed to protect self, family, nation, and humanity from the predations of this gang, that has shrouded itself under cover of “econo-speak” for so long.
    These ideas are presented accurately, but in “down-to-earth” language, without the confusing economic jargon that has usually served to obfuscate the subject. Historical cases with 119 illustrations help to convey the author’s unique message.

    A GENERATION MISLED
    The gates protecting America have been left undefended. September 11th demonstrated only one aspect of this problem. Our people have been under monetary attack from within and from abroad for most of our history, and the physical, financial and psychological damage has far exceeded the terrible losses at New York’s Twin Towers.

    An entire generation has been led astray into market worship and other forms of religious fundamentalism.

    A dysfunctional media focuses on the elections and sex habits of politicians while the real outcomes in society are determined behind the scenes by the structure of the nation’s money system.

    This problem goes much deeper than accounting and stock fraud, and even beyond the graduate schools of business that have inculcated such criminal behavior. The deeper cause lies hidden in the structurally corrupt core of our monetary and banking system and our schools of economics. It arises from the falsehoods they have spread on the nature of money, allowing their patrons to control the money power, and in turn to dominate our society, deforming humanity in the process.

    Those who really want to get to the bottom of the problem will find this book’s message timely and valuable. See the Table of Contents below.

    Reply
52. JuggerGrimrod says:

    October 5, 2009 at 2:41 pm

    Check out http://www.monetary.org
    The American Monetary Institute

    I don’t think you will be disappointed.

    Cheers!

    Reply
53. The Real Reasons Behind The Federal Reserve’s Secrecy | MissTheda.com says:

    October 2, 2009 at 3:39 pm

    [...] Audit the Federal Reserve: HR 1207 and S 604 [...]

    Reply
54. ric says:

    October 1, 2009 at 6:17 pm

    i think they should put all the congressman in nascars for 500 laps whoever is still standing at the end gets to be speaker and control the majority or even better i love it when people in siuts get into fist fights i think that is the funniest thing ive ever seen lol senators boxing it out on the floor with the others cheering them on, taking bets lokl

    Reply
55. ric says:

    October 1, 2009 at 10:08 am

    lou dobbs is the only newsman thats on the peoples side screw fox news traitors

    Reply
    • Lindsey says:

      October 1, 2009 at 5:53 pm

      Ric: Lou Dobbs is the man! However, I think that CNN in general has the best reporters in the business. Fox and MSNBC have too many opinion programs and not enough news. Have you ever noticed that when CNN reports on something they are actually at the scene while FOX and MSNBC report from their offices. You can’t do accurate reporting without being at the scene. That is why CNN is a superior operation. Especially their international coverage with Fareed Zakaria and their reporting directly from the war in Afghanistan and Iraq where they actually have a reporter on scene risking his or her life to get the real news!

      Reply
      • ric says:

        October 1, 2009 at 6:11 pm

        i agree they are far superior then msnbc or fox although hln really gets on my nerves nancy grace and her ugly kids but ahh i like lou dobbs ,wolf blitzer, fareed is very to the point in your face he dont care who is in the hot seat he asks the questions i want answered i just like cnn in general they dont speew there right wing propaganda crap like the others u spoke of even geraldo rivera one of the greatest journalists of our generation who i admired alot until he went on fox payroll now hes just another elitests with his hand out

        Reply
56. You Say You Want a Revolution? « Harley G. Hunter’s Blog says:

    September 30, 2009 at 2:28 pm

    [...] Ron Paul has sponsored a bill to audit and put congressional oversight on the Federal Reserve. 261 representatives have so far signed on to this meaningful element of true change. A similar [...]

    Reply
57. Kenneth Bozarth says:

    September 28, 2009 at 7:20 am

    I support you 100% Dr. Congressman Ron Paul. Go for it!! I’ve been saying this for 30 years; it’s about time something was done to hold the FED accountable for the unjust credit / peonage currency it’s issued all these years and the resulting horrendous debt / slavery imposed on ourselves and our posterity not to mention the destruction of our U.S. Dollar / loss of purchasing power and thus our hard earned wealth.

    I just hope it’s not too late for us AND our friends abroad, if we have any left.

    Thank you for every thing you are doing.

    Reply
58. MARK TOWNSEND FROM ALABAMA says:

    September 28, 2009 at 12:28 am

    NO FEDERAL RESERVE AND NO NCAA OR SOON NO USA

    NO NCAA ,COM

    Reply
59. Houston Area Liberty Campaign » Blog Archive » “I’ve never seen so many accolades for the good doctor in my life!” says:

    September 25, 2009 at 9:03 pm

    [...] is the Rep. Ron Paul’s speech (R-TX) to Congress that he used to introduce H.R. 1207 on February 26, [...]

    Reply
60. Janice says:

    September 25, 2009 at 8:21 pm

    Who the Hell does he think he is? Does he think he’s taking the place of Saddam Husein, or Hitler ?????????

    He is not our Lord or our Dictator, just because he thinks he is!

    Our children to not need to be taught this crap…..no Christian would have us worship the president…maybe a Muslim would, but not a Christian parent or school teacher…….! WE need to put a stop to this and that teacher needs to be fired!

    Review Ordered of Video Showing Students Singing Praises of President Obama
    Nearly 20 young children are captured in an online video as they sing songs that overflow with campaign slogans and praise for “Barack Hussein Obama,” as they repeatedly chant the president’s name and celebrate his accomplishments.

    http://www.foxnews.com/politics/2009/09/24/elementary-school-students-reportedly-taught-songs-praising-president-obama/?loomia_ow=t0:s0:a16:g2:r1:c0.294775:b27934924:z0

    Song 1:
    Mm, mmm, mm!
    Barack Hussein Obama

    He said that all must lend a hand
    To make this country strong again
    Mmm, mmm, mm!
    Barack Hussein Obama

    He said we must be fair today
    Equal work means equal pay
    Mmm, mmm, mm!
    Barack Hussein Obama

    He said that we must take a stand
    To make sure everyone gets a chance
    Mmm, mmm, mm!
    Barack Hussein Obama

    He said red, yellow, black or white
    All are equal in his sight
    Mmm, mmm, mm!
    Barack Hussein Obama

    Yes!
    Mmm, mmm, mm
    Barack Hussein Obama

    Song 2:
    Hello, Mr. President we honor you today!
    For all your great accomplishments, we all doth say “hooray!”

    Hooray, Mr. President! You’re number one!
    The first black American to lead this great nation!

    Hooray, Mr. President we honor your great plans
    To make this country’s economy number one again!

    Hooray Mr. President, we’re really proud of you!
    And we stand for all Americans under the great Red, White, and Blue!

    So continue —- Mr. President we know you’ll do the trick
    So here’s a hearty hip-hooray —-

    Hip, hip hooray!
    Hip, hip hooray!
    Hip, hip hooray!

    Reply
    • Janice says:

      September 25, 2009 at 8:37 pm

      Compare this with children used in Obama’s campaign, followed by similar action in Nazi Germany……
      No Thanks Barry Keep the Change!

      BARACK OBAMA KIDS AND HITLER YOUTH SING FOR THEIR LEADER

      http://www.youtube.com/watch?v=cdPSqL9_mfM

      Hail Hitler, Hail Obama ( from a black preacher too)
      http://www.youtube.com/watch?v=yTp_atr2G9E&NR=1

      I do notice that President Obama does give the ‘Hail” sign….like Hitler did.
      I voted for the man…..and wouldn’t listen to this stuff when he was campaigning but now I find myself paying more and more attention to it, as I watch his actions and listen to him still read from his prepared speech prompter…….I don’t know….what to think anymore…..

      Reply
      • Bernie says:

        October 10, 2009 at 1:01 am

        Janice, are you my Jan or someone else. The reason I ask is because you know how I will respond to your statement I don’t know…..what to think anymore.

        For all others who wonder the same thing I will say simply this,
        ” What do you really believe about the future?, and WHY do you believe it? ”

        This can get into a very deep conversation ……..

        Reply
    • christine says:

      September 26, 2009 at 2:04 am

      Brainwashing of the young.

      Reply
    • Heather says:

      October 1, 2009 at 9:29 am

      what you failed to mention was that those children sang songs about EVERY PRESIDENT that day… way. to. go. When will you realize that you shouldn’t get news from FOX? or any mass meida outlet for that matter?

      Reply
      • Bernie says:

        October 10, 2009 at 1:02 am

        so where do we get the news from? Think about your answer for a while…please.

        Reply
61. Fred Facka says:

    September 25, 2009 at 6:01 pm

    The Myth of Federal Reserve Independence

    One main argument spouted repeatedly by Federal Reserve apologists is that it must ‘remain’ independent of politicising monetary policy. Bullshit! Here is just one stone at that glass house. Let’s talk about the massive lobbying effort (i.e. payola) of Wall Street in Washington throughout the history of U.S. Central banking. The Federal Reserve’s member banks including the largest banks are also the primary dealers of government securities including our national debt via the U.S. Treasury. Can anyone with a straight face tell the American public that this cartel is independent of peddaling influence and favor through lobbyists to the Congress and Senate? Independence is a two way street, either you don’t want to give the transparency and are willing to eliminate all lobbying efforts including political donations to any member or the House or Senate or PAC, or you want to influence lawmakers and will gladly submit to independent, regular and full audits. The Federal Reserve and its propaganda machine cannot on one hand beg for independence and with the other hand line the pockets of weak law makers who craft or un-craft legislation that protects the Federal Reserve and the banking industry, or does not enforce laws currently on the books designed to protect investors, depositors, consumers against the cartel. To earn independence is to practice independence! The Federal Reserve cannot have it both ways!

    Reply
    • christine says:

      September 26, 2009 at 2:24 am

      You’ve got it. You understand it right. The FED “says” they want to remain independent without polticial influence from those we elect. But the FED is like a government unto itself. It has the very rich in control of all the money and they could care less about the constitution. It is not dedicated to America. I believe it actual appoints the president, that our vote means nothing. So much voter fraud. The voting machines that are used can be manipulated by the use of a cell phone. And we all know it is not transparent. It is audited by a company they choose, the fox guarding the hen house. As we exert efforts against the FED, they are pushing back and have the power to influence our money against us. Money is the tool the elite have always used against us whenever they want to do a heist of our wealth.

      She’s been on top of their game for years and years, Devvy Kidd.
      http://www.devvy.com
      http://www.newswithviews.com

      Reply
    • christine says:

      September 26, 2009 at 2:26 am

      Voter Fraud, what they aren’t telling you

      http://www.newswithviews.com/Devvy/kidd72.htm

      Reply
62. Touert says:

    September 25, 2009 at 4:15 am

    blogin

    Reply
63. Dasewr says:

    September 25, 2009 at 3:24 am

    Blogs

    Reply
64. Douglas says:

    September 24, 2009 at 10:58 pm

    My God! This is terrifying! First this private corporation (The Federal Reserve) issues trillions of US dollars without constitutional proper representation and creates economic chaos. Now they want to remove a trillion dollars from circulation. This could be genocidal! This is a National security breech. Congress must adders this action immediately. How can they pull out circulation without proper representation after they issued it without proper representation? Insanity!

    Reply
65. Carlton says:

    September 24, 2009 at 8:09 am

    That Audit the Fed song really sucks. Why must all of the music, lately, supposedly promoting freedom and liberty sound like either ghetto rap trash, pot smoker jibberish or screaming satanist music?

    Reply
66. christine says:

    September 24, 2009 at 5:06 am

    http://www.govtrack.us/congress/bill.xpd?bill=h111-1207

    1207 Referred to the House Committee on Financial Services
    http://www.govtrack.us/congress/committee.xpd?id=HSBA

    You will see a laundry list of other items in numerical order referred to this same committee. 292 co-sponsors. When do they get to 1207?

    ACORN got brought up…

    http://www.govtrack.us/congress/bill.xpd?bill=h111-1207&tab=speeches

    “It’s really a strange phenomenon, ACORN. And from one acorn, we know that many nuts can grow.”

    Reply
67. Federal Reserve rejects request for public review | NWOTruth says:

    September 23, 2009 at 9:08 am

    [...] bill, House Resolution 1207, which would subject the Fed to a complete audit, has gained significant traction in the U.S. House [...]

    Reply
    • Janice says:

      September 23, 2009 at 11:57 am

      TIME TO CHANGE BERNANKE’S MEDICATION?
      Secret White House letter to G-20

      by Greg Palast
      Tuesday, September 22, 2009, New York

      “So, to give the visitors a taste of the yes-we-can spirit, Obama should invite Pittsburgh’s 93,700 jobless to the G-20 meet to celebrate that 35% rise in the stock market.
      that last month 216,000 Americans lost their jobs, bringing the total lost since your inauguration to about seven million. And rising.”

      “Europe’s leaders are scared witless that the Obama Administration will prematurely turn off the fiscal and monetary stimulus. Europe demands that the US continue pumping the economy under an internationally coordinated worldwide save-our-butts program.”

      “To Obama and Bernanke, this is a bankers’ recession and so, as “stresses in financial markets have abated significantly,” to use the words of the White House epistle, then Happy Days Are Here Again. But, if this recession is about workers the world over losing their jobs and life savings, the EU view, then it’s still Buddy, Can You Spare a Dime.”
      (or a Trillion is more like it!)

      If Bernanke and Obama were truly concerned about preserving jobs, they would have required banks loaded with taxpayer bail-out loot to lend these funds to consumers and business. China did so, ordering its banks to increase credit. And boy, did they, expanding credit by an eye-popping 30%, rocketing China’s economy out of recession and into double-digit growth.

      for complete article………http://www.gregpalast.com/

      Reply
68. Federal Reserve rejects request for public review « NWO News says:

    September 22, 2009 at 5:06 pm

    [...] bill, House Resolution 1207, which would subject the Fed to a complete audit, has gained significant traction in the U.S. House [...]

    Reply
69. Janice says:

    September 22, 2009 at 11:08 am

    Landmark Decision: Massive Relief for Homeowners and Trouble for the Banks

    By Ellen Brown

    URL of this article: http://www.globalresearch.ca/index.php?context=va&aid=15324

    Global Research, September 21, 2009
    Web of Debt

    MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages…………..
    That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound.

    “The sole goal of the [bailout schemes] is to prevent owners of mortgage-backed securities, many of them foreigners, from suing U.S. banks and forcing them to buy back worthless mortgage securities at face value – right now almost 10 times their market worth. The ticking time bomb in the U.S. banking system is not resetting subprime mortgage rates. The real problem is the contractual ability of investors in mortgage bonds to require banks to buy back the loans at face value if there was fraud in the origination process.”

    “What would be prudent and logical is for the banks that sold this toxic waste to buy it back and for a lot of people to go to prison. If they knew about the fraud, they should have to buy the bonds back.”

    massive taxpayer-funded bailouts of Fannie and Freddie were pushed through by Henry Paulson, whose former firm Goldman Sachs was an active player in creating CDOs when he was at its helm as CEO. Paulson also hastily engineered the $85 billion bailout of insurer American International Group (AIG), a major counterparty to Goldmans’ massive holdings of CDOs. The insolvency of AIG was a huge crisis for Goldman, a principal beneficiary of the AIG bailout.

    The pirates seem to have captured the ship, and until now there has been no one to stop them. But 60 million mortgages with fatal defects in title could give aggrieved homeowners and securities holders the crowbar they need to exert some serious leverage on Congress – serious enough perhaps even to pry the legislature loose from the powerful banking lobbies that now hold it in thrall.

    for the complete article…….click on the above address.

    Reply
70. The Party Of Jefferson And Jackson Has Strayed A Long Way From Jackson | Popehat says:

    September 21, 2009 at 6:14 pm

    [...] fact, Congress itself has a bill pending, sponsored by one of our bêtes noire along with over 200 others, to audit the Federal Reserve.  While of course that bill will never [...]

    Reply
71. 9/12 Hysteria And The Future Of America’s Freedom | The Emotion Machine says:

    September 20, 2009 at 11:31 pm

    [...] protester were there to push Ron Paul’s HR1207 Bill to Audit the Federal Reserve, which is America’s government-authorized central bank responsible for monetary policy (such as [...]

    Reply
72. Houston Area Liberty Campaign » Blog Archive » The 19th-Century Bernanke says:

    September 19, 2009 at 8:40 pm

    [...] guarding the Fed’s independence. Witness Ben Bernanke’s recent warnings that the Federal Reserve Transparency Act would politicize the [...]

    Reply
73. Breaking News: H.R. 1207 Audit The Fed Now Has 290 Co-Sponsors!! « The Tonka Report says:

    September 16, 2009 at 6:20 pm

    [...] Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 290 co-sponsors, and the numbers keep growing! At the same time, HR 1207’s companion bill in the Senate, S 604, has already attracted 25 co-sponsors. [...]

    Reply
74. Ron Paul’s Bill To Audit The Federal Reserve Now Has 290 Co-Sponsors in the House, and 25 Co-Sponsors in the Senate! | Ron Paul .com says:

    September 16, 2009 at 5:18 pm

    [...] Audit the Federal Reserve: HR 1207 and S 604 [...]

    Reply
75. America In Danger - The Blog » Blog Archive » Pot calling the kettle black says:

    September 16, 2009 at 1:41 pm

    [...] Fed should be audited (287 members of Congress agree) and then Congress needs to get control of the monetary policy as [...]

    Reply
76. Ron Paul has the Council on Foreign Relations Worried | RescueLiberty.com says:

    September 14, 2009 at 8:58 pm

    [...] bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors.A Senate equivalent, S.604, the Federal Reserve Sunshine Act of 2009, has been introduced by Bernie [...]

    Reply
77. How The Federal Reserve Bought The Economics Profession « Lubbock Liberty says:

    September 14, 2009 at 10:14 am

    [...] had become a term cops and janitors were using to describe the way to get rich in real estate, then-Federal ReserveChairman Alan Greenspan said that “a national severe price distortion [is] most unlikely.” A [...]

    Reply
78. Ron Paul Has the Council on Foreign Relations Worried « Ancavge says:

    September 13, 2009 at 10:20 pm

    [...] Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors. [...]

    Reply
79. AUDIT THE FED! « Therearenosunglasses’s Weblog says:

    September 12, 2009 at 6:28 pm

    [...] Audit the Federal Reserve: HR 1207 and S 604 [...]

    Reply
80. Robert Fair says:

    September 10, 2009 at 2:16 pm

    According to my accountant the Federal Reserve is audited – by an accounting firm
    Is this correct? See web site below
    If so then what Mr. Paul is saying is in error.
    I support your efforts to bring accountability to the people.
    Keep up the good work please.

    see
    http://www.federalreserve.gov/boarddocs/rptcongress/default.htm

    Reply
81. CRF on the run? « Sendin57’s Blog says:

    September 9, 2009 at 12:03 pm

    [...] Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors. [...]

    Reply
82. Is a little history in order? « Sendin57’s Blog says:

    September 9, 2009 at 11:35 am

    [...] guarding the Fed’s independence. Witness Ben Bernanke’s recent warnings that the Federal Reserve Transparency Act would politicize the [...]

    Reply
83. Ron Paul Has the Council on Foreign Relations Worried « Patrick J. Buchanan – Official Website says:

    September 9, 2009 at 2:05 am

    [...] Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors. [...]

    Reply
84. Andrew says:

    September 8, 2009 at 12:15 pm

    how does this bill differ from ron paul’s proposal?

    Reply
85. Andrew says:

    September 8, 2009 at 11:27 am

    i e-mailed my senator who is not a co-sponsor of S. 604, but he informed me that he is a co-sponsor of S.1457 – Federal Reserve Credit Facility Review Act of 2009. I can’t find any information on this. Anybody know what this is?

    Reply
    • MikeM says:

      September 8, 2009 at 11:48 am

      Not too hard to find….

      http://www.opencongress.org/bill/111-s1457/show

      Reply
86. Janice says:

    September 7, 2009 at 12:51 pm

    President Obama is acturally elected to be our CEO of our Nation and his cabinet members are on the board of directors!
    Check this video out!

    Salbuchi – Obama: Things Are Not Always What They Seem – Part 1

    http://www.youtube.com/watch?v=HwkM4Ey4ph0

    Reply
87. Janice says:

    September 6, 2009 at 3:31 pm

    Law Librarians’ Society of Washington, D.C.

    The Federal Reserve Act of 1913 – A Legislative History
    Part of LLSDC’s Legislative Source Book and its
    Legislative Histories of Selected U.S. Laws on the Internet

    Ch. 6, 38 Stat. 251-275, Pub. L. No. 63-43, December 23, 1913
    Guide to Legislative History of the Original Federal Reserve Act

    Chronology Before 63rd Congress (1907-1913)
    Chronology in the 63rd Congress, 1st Session (1913)
    Chronology in 63rd Congress, 2d Session (1913-1914)
    Other Historical Resources
    Board of Governors of the Federal Reserve System: History, Membership, and Current Issues,
    Congressional Research Service report – Feb. 9, 1995
    Brief History of Central Banking in the United States by Edward Flaherty, PhD., 2003
    Paul Warburg’s Crusade to Establish a Central Bank in the United States by M. A. Whitehouse, 1989.

    “read all about it” @ http://www.llsdc.org/FRA-LH/

    Reply
88. Janice says:

    September 6, 2009 at 3:17 pm

    Federal Reserve Act
    From Wikipedia,
    http://en.wikipedia.org/wiki/Federal_Reserve_Act#Legislative_history

    Federal Reserve

    The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C. ch.3) is the act of Congress that created the Federal Reserve System, the central banking system of the United States of America, which was signed into law by President Woodrow Wilson.
    For nearly eighty years, the U.S had been operating without a central bank after the charter for the Second Bank of the United States expired. However, after various financial panics, particularly a severe one in 1907, there was a growing consensus in the American financial community that some sort of banking and currency reform was needed[1] which could provide a ready reserve of liquid assets in case of financial panics and would also provide for a currency that could expand and contract as the seasonal U.S. economy dictated. Some of this was chronicled in the reports of the National Monetary Commission (1909-1912), which was created by the Aldrich-Vreeland Act in 1908. Included in a report of the Commission, submitted to Congress on January 9, 1912, were recommendations and draft legislation with 59 sections, for proposed changes in U.S. banking and currency laws. [2] The proposed legislation was known as the Aldrich Plan, named after the chairman of the Commission, Republican Senator Nelson W. Aldrich of Rhode Island.
    Legislative history

    To that end, legislation was sponsored in 1913 by the two chairmen of House and Senate Banking and Currency committees, Representative Carter Glass, a Democrat from Virginia and Senator Robert Latham Owen, a Democrat from Oklahoma. According to the House committee report accompanying the Currency bill (H.R. 7837) or the Glass-Owen bill, as it was often called at the time, the legislation was drafted from ideas taken from various proposals, including the Aldrich bill.

    http://en.wikipedia.org/wiki/Robert_Latham_Owen
    Robert Latham Owen was a United States Senator from Oklahoma.

    He was born in Lynchburg, Virginia on February 2, 1856. He attended private schools in Lynchburg and in Baltimore, Maryland, and graduated from Washington and Lee University in 1877. Owen, who was of part-Cherokee descent through his mother, Narcissa Chisholm Owen, moved to Salina, Oklahoma, and taught school among the Cherokee Indians. He studied law and was admitted to the bar in 1880. He was a federal Indian agent for the Five Civilized Tribes 1885-1889, member of the Democratic National Committee 1892-1896, organized the First National Bank of Muskogee in 1890 and was its president for ten years.

    Upon the admission of Oklahoma as a State into the Union in 1907, Owen was elected as a Democrat to the United States Senate for the term ending March 3, 1913; reelected in 1912 and 1918 and served from December 11, 1907, to March 3, 1925. Before leaving for Washington, Owen was one of the few people present as Governor of Oklahoma Charles N. Haskell accepted his oath of office in Haskell’s hotel room in Oklahoma City.
    Robert Latham Owen Park, located behind the Federal Reserve’s Eccles Building in Washington, D.C.

    Reflecting his position as Chairman of the Senate Committee on Banking and Currency, Owen was the chief sponsor in the Senate of the Federal Reserve Act of 1913, known at the time of its passage as the Glass-Owen Bill, which created the Federal Reserve System. He would later repudiate the Federal Reserve, claiming despite his efforts to ensure it would be controlled by the government that it had come under the control of the larger banks and was responsible for the unnecessary contraction of credit leading to the Great Depression.[1] His role in the creation of the Federal Reserve is nevertheless commemorated by the Robert Latham Owen Park, on the grounds of the Federal Reserve building in Washington DC.

    While still a Senator, Owen accompanied his friend Governor Haskell to the 1920 Democratic National Convention in San Francisco. There Governor Haskell labored to have Owen named as the Democratic nominee for President of the United States.

    After months of hearings, debates, votes and amendments, the proposed legislation, with 30 sections, was enacted as the Federal Reserve Act.
    The House, on December 22, 1913, agreed to the conference report on the Federal Reserve Act by a vote of 298 yeas to 60 nays with 76 not voting.
    The Senate, on December 23, 1913, agreed to it by a vote of 43 yeas to 25 nays with 27 not voting.
    The record shows that there were no Democrats voting “nay” in the Senate and only two in the House.
    The record also shows that almost all of those not voting on the bill had previously declared their intentions and were paired with members of opposite intentions.

    Congress decided in the Federal Reserve Act that all nationally chartered banks were required to become members of the Federal Reserve System. It requires them to purchase specified non-transferable stock in their regional Federal reserve bank and to set aside a stipulated amount of non-interest bearing reserves with their respective reserve bank (since 1980 all depository institutions have been required to set aside reserves with the Federal Reserve and be entitled to certain Federal Reserve services – Sections 2 and 19). State chartered banks have the option of becoming members of the Federal Reserve System and to thus be supervised, in part, by the Federal Reserve (Section 9). Member banks are entitled to have access to discounted loans at the discount window in their respective reserve bank, to a 6% annual dividend in their Federal reserve stock and to other services (Sections 13 and 7). The Act also permits Federal reserve banks to act as fiscal agents for the United States government (Section 15).[8]

    So, I guess we can conclude, that the Federal Reserve Act of 1913, was the responsibility of the Democratic Party..!!!!!!!!!!!!!!!

    more reading……
    Early experiments in Central Banking
    http://www.bos.frb.org/about/pubs/begin.pdf

    Reply
89. An American Citizen says:

    September 5, 2009 at 8:33 am

    AUDIT THE FED NOW !!!

    http://www.youtube.com/watch?v=lVsMUpPgdT0
    If this two Two Constitution thing is true..

    This link was given by a person above…
    From the best i can tell lies were told to able us to go to war in the middle east as we speak… and this war needs TO END.

    How many other wars have been started due to lies told to the american people?

    I do not know if it is fact or not but the timming is to close and i feel i must take a closer look at history.

    The American Civil War (1861–1865), also known as the War Between the States and several other names, was a civil war in the United States of America. Eleven Southern slave states declared their secession from the U.S.

    Then 6 years later DoC was formed… Did the south understand something? If you know anything on this please leave let me know.

    Reply
90. Dell says:

    September 1, 2009 at 8:26 pm

    If you would like to help pressure Congress to audit the Fed please join our Audit Fed Voting Bloc at:

    http://WWW.VOTINGBLOC.ORG

    Reply
91. Audit the Federal Reserve: HR 1207 and S 604 « Political Vel Craft says:

    August 30, 2009 at 8:40 pm

    [...] Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 282 co-sponsors, and the numbers keep growing! HR 1207’s companion bill in the Senate, S 604, has already attracted 23 co-sponsors- [...]

    Reply
92. Dolores Y says:

    August 30, 2009 at 10:59 am

    Persoanlly I think the Fed reserve should be abolished.

    Until then, this is just another step.

    PETITION URGING THE U.S. SENATE
    TO AUDIT THE FEDERAL RESERVE SYSTEM

    http://www.wnd.com/petition_fed

    Reply
93. Jan says:

    August 30, 2009 at 1:03 am

    http://thomas.loc.gov/cgi-bin/thomas

    1. H.J.RES.57 : Proposing an amendment to the Constitution of the United States to prohibit the United States from owning stock in corporations.
    Sponsor: Rep Turner, Michael R. [OH-3] (introduced 6/23/2009) Cosponsors (103)
    Committees: House Judiciary
    Latest Major Action: 7/23/2009 Referred to House subcommittee. Status: Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

    Reply
    • christine says:

      August 30, 2009 at 2:05 am

      Does this law mean “prohit the United States” as in to apply to those who work for the corporation UNITED STATES, a federal corporation in Washington D.C.?

      when I worked for the state of WA I couldn’t have my job with an outside source of income that would create a conflict of interest. Same should go for these guys.

      Reply
94. Support hr 1207 says:

    August 29, 2009 at 2:41 pm

    Why is it still 282 co sponsors for hr 1207. Whats going on! Come on lets go upp to 290 now. Work harder people, talk to your politicans!!!!!! And 2why is it still 23 for s604, We want 51 senetors to support the bill. COME ON, DONT BE LAZY!!!!

    And why is this websight so hard to be on right now! Come on WEbmasters, fix the websight!!!!!!!!!!

    Reply
    • rick says:

      November 3, 2009 at 3:06 pm

      emailed the rep for my district and with a quick response although she wouldnt touch the illegal immagration issues i was bitching about she did reply quickly here it is:Dear Mr. xxxxx:

      Thank you for emailing me regarding H.R. 1207, the Federal Reserve Transparency Act. I appreciate your taking the time to share your concerns with me.

      We are in agreement that sound monetary policy is important for our economy to flourish.

      Like many others, I am quite concerned with the direction the Federal Reserve has taken and fear it is fueling our economic instability. You will be glad to know that I am a cosponsor of H.R. 1207. It is important to explain to the American people that whether or not H.R. 1207 comes to the House for a vote is completely in the hands of Speaker Pelosi and the Democrat majority. They control what we are allowed to vote on.

      Please continue to contact me on any issues of concern. Thank you for visiting my award winning website, http://www.foxx.house.gov. We update our site daily and it is a great resource to learn about constituent services, legislative updates and my work in Congress. I hope you will continue to utilize the website and let me know what you think about it.

      Sincerely,

      Virginia Foxx

      Member of Congress

      i also found a great site not to spam everyone but its very simple to understand and it tells exactly where your reps stand might be handy with an election coming up seems they make it as hard as possible for common folk to follow so check out govtrack.us

      Reply

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