Audit the Federal Reserve: HR 1207 and S 604

The Federal Reserve is the chief culprit behind the economic crisis. Its unlimited power to create money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. By recklessly inflating the money supply the Fed intentionally distorts interest rates and erodes the value of the dollar.

For the past 30 years, Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself.

But the usurpers of America’s future won’t take it lying down. They don’t want their secrets exposed and at this very moment, they are working frantically behind the scenes to quietly derail all efforts to open up the Federal Reserve to independent scrutiny.

A handful of Fed-loving U.S. senators are currently rewriting the Financial Reform Bill to strip out Ron Paul’s Audit the Fed amendment and actually expand the Fed’s power over banks, lending and money.

Action Alert: Call your senators today and demand that they…

  1. Stand with the nearly 80% of Americans who support a FULL audit of the Federal Reserve.
  2. Withdraw their support for ANY effort to strip the bill of the Audit,
  3. Oppose all efforts to grant the Fed more power under the guise of so-called “reform.”

Enter your zip code to look up your senators and their previous position on S 604, the Audit the Fed bill:

Continue reading for more on Audit the Fed…

02/2009: Ron Paul introduces bill to Audit the Federal Reserve

On February 26, 2009, Ron Paul introduces HR 1207, the bill to audit the Federal Reserve:

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

After a groundswell of grassroots support, HR 1207 and its counterpart in the Senate, S 604, attracts 317 and 32 co-sponsors respectively.

10/2009: Mel Watt Introduces Competing Placebo Amendment

With HR 1207 gaining momentum, Congressman Mel Watt introduces a competing banker-approved “placebo” amendment that would replace HR 1207 and actually increase the Federal Reserve’s secrecy.

11/2009: Victory over Mel Watt Amendment

On November 19, 2009, after several hours of heated debate, Ron Paul’s and Alan Grayson’s “Audit the Fed” amendment passes 43-26 in the House Financial Services Committee. The amendment calls for a comprehensive audit of the Federal Reserve and replaces the opposing “placebo” amendment proposed by Mel Watt.

How they voted on Ron Paul’s Audit the Fed amendment (HR 1207 co-sponsors in bold):


Democrats
MA-04Rep. Barney Franknay
PA-11Rep. Paul E. Kanjorskinay
CA-35Rep. Maxine Watersnay
NY-14Rep. Carolyn B. Maloneynay
IL-04Rep. Luis V. Gutierreznay
NY-12Rep. Nydia M. Velázqueznay
NC-12Rep. Melvin L. Wattnay
NY-05Rep. Gary L. Ackermannay
CA-27Rep. Brad Shermanaye
NY-06Rep. Gregory W. Meeksnay
KS-03Rep. Dennis Moorenay
MA-08Rep. Michael E. Capuanonay
TX-15Rep. Rubén Hinojosaaye
MO-01Rep. William Lacy Clayaye
NY-04Rep. Carolyn McCarthynay
CA-43Rep. Joe Baca
MA-09Rep. Stephen F. Lynchnay
CA-42Rep. Gary G. Millernay
GA-13Rep. David Scottaye
TX-09Rep. Al Greennay
MO-05Rep. Emanuel Cleavernay
IL-08Rep. Melissa L. Beannay
WI-04Rep. Gwen Moorenay
NH-02Rep. Paul W. Hodesaye
MN-05Rep. Keith Ellisonnay
FL-22Rep. Ron Kleinnay
OH-06Rep. Charles Wilsonnay
CO-07Rep. Ed Perlmutteraye
IN-02Rep. Joe Donnellynay
IL-14Rep. Bill Fosternay
IN-07Rep. Andre Carsonnay
CA-12Rep. Jackie Speieraye
MS-01Rep. Travis Childersaye
ID-01Rep. Walt Minnickaye
NJ-03Rep. John Adleraye
OH-15Rep. Mary Jo Kilroynay
OH-01Rep. Steve Driehausaye
FL-24Rep. Suzanne Kosmasaye
FL-08Rep. Alan Graysonaye
CT-04Rep. Jim Himesnay
MI-09Rep. Gary Petersaye
NY-25Rep. Dan Maffeiaye

Republicans
AL-06Rep. Spencer Bachusaye
TX-19Rep. Randy Neugebaueraye
DE-01Rep. Michael N. Castleaye
NY-03Rep. Peter Kingaye
CA-40Rep. Edward R. Royceaye
OK-03Rep. Frank D. Lucasaye
TX-14Rep. Ron Paul (sponsor)aye
IL-16Rep. Donald A. Manzulloaye
NC-03Rep. Walter B. Jonesaye
IL-13Rep. Judy Biggertaye
NC-13Rep. Brad Miller
WV-02Rep. Shelley Moore Capitoaye
TX-05Rep. Jeb Hensarlingaye
NJ-05Rep. Scott Garrettaye
SC-03Rep. J. Gresham Barrettaye
PA-06Rep. Jim Gerlachaye
GA-06Rep. Tom Priceaye
NC-10Rep. Patrick T. McHenryaye
CA-48Rep. John Campbellaye
FL-12Rep. Adam Putnamaye
MN-06Rep. Michele Bachmannaye
TX-24Rep. Kenny Marchantaye
MI-11Rep. Thaddeus McCotteraye
CA-22Rep. Kevin McCarthyaye
FL-15Rep. Bill Poseyaye
KS-02Rep. Lynn Jenkinsaye
NY-26Rep. Christopher Leeaye
MN-03Rep. Erik Paulsenaye
NJ-07Rep. Leonard Lanceaye

12/2009: Audit the Fed Passes in the House

The Audit the Fed amendment is attached to Barney Frank’s HR 3996, also known as the “Financial Stability Improvement Act of 2009″. That bill is later combined, along with several other bills, into “The Wall Street Reform and Consumer Protection Act of 2009 – Financial Stability Improvement Act of 2009″ (HR 4173). The House passes the new bill on December 11, 2009 on a vote of 223-202.

Remaining Milestones Still Ahead

According to Ron Paul’s video update, now that the bill has passed the House, the following milestones are still ahead of us:

  • “It has to go through the Senate; it’s going to have a harder time in the Senate.
  • Then it has to go to a conference committee and that’s another problem.
  • And then it has to go to the President.
  • And even if it goes through all that, we still have the courts to deal with, and courts have never been friendly to those of us who want honest money.”

03/2010: Treasury Officials Still Support Mel Watt Amendment!

On March 8, 2010 Huffington Post reporter Sam Stein participated in a bizarre meeting with high level treasury officials:

The Treasury Department is vigorously opposed to a House-passed measure that would open the Federal Reserve to an audit by the Government Accountability Office (GAO), a senior Treasury official said Monday. Instead, the official said, the Treasury prefers a substitute offered by Rep. Mel Watt (D-N.C.), and would like to see it enacted as part of the Senate bill.

The Watt measure, however, while claiming to increase transparency, actually puts new restrictions on the GAO’s ability to perform an audit.

(The information below covers the original HR 1207 and S 604 bills.)

Ron Paul’s bill to audit the Federal Reserve (HR 1207) now has 313 co-sponsors, and the numbers keep growing! HR 1207’s companion bill in the Senate, S 604, has already attracted 30 co-sponsors.

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

Step 1: Your Representative

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

Capitol Switchboard: (202) 224-3121

Enter your zip code to contact your representative:

HR 1207 Co-Sponsors

Rep Abercrombie, Neil [HI-1] – 2/26/2009
Rep Aderholt, Robert B. [AL-4] – 5/6/2009
Rep Adler, John H. [NJ-3] – 5/6/2009
Rep Akin, W. Todd [MO-2] – 3/19/2009
Rep Alexander, Rodney [LA-5] – 3/10/2009
Rep Altmire, Jason [PA-4] – 5/20/2009
Rep Arcuri, Michael A. [NY-24] – 9/23/2009
Rep Austria, Steve [OH-7] – 5/6/2009
Rep Bachmann, Michele [MN-6] – 2/26/2009
Rep Bachus, Spencer [AL-6] – 4/29/2009
Rep Baird, Brian [WA-3] – 7/10/2009
Rep Baldwin, Tammy [WI-2] – 4/21/2009
Rep Barrett, J. Gresham [SC-3] – 4/28/2009
Rep Barrow, John [GA-12] – 5/12/2009
Rep Bartlett, Roscoe G. [MD-6] – 2/26/2009
Rep Barton, Joe [TX-6] – 5/4/2009
Rep Berkley, Shelley [NV-1] – 5/21/2009
Rep Berry, Marion [AR-1] – 5/20/2009
Rep Biggert, Judy [IL-13] – 4/28/2009
Rep Bilbray, Brian P. [CA-50] – 4/21/2009
Rep Bilirakis, Gus M. [FL-9] – 5/4/2009
Rep Bishop, Rob [UT-1] – 4/21/2009
Rep Bishop, Sanford D., Jr. [GA-2] – 10/27/2009
Rep Bishop, Timothy H. [NY-1] – 7/10/2009
Rep Blackburn, Marsha [TN-7] – 3/16/2009
Rep Blunt, Roy [MO-7] – 3/24/2009
Rep Boccieri, John A. [OH-16] – 7/28/2009
Rep Boehner, John A. [OH-8] – 6/10/2009
Rep Bonner, Jo [AL-1] – 6/9/2009
Rep Bono Mack, Mary [CA-45] – 4/29/2009
Rep Boozman, John [AR-3] – 5/7/2009
Rep Boswell, Leonard L. [IA-3] – 6/9/2009
Rep Boucher, Rick [VA-9] – 7/20/2009
Rep Boustany, Charles W., Jr. [LA-7] – 5/13/2009
Rep Boyd, Allen [FL-2] – 7/14/2009
Rep Brady, Kevin [TX-8] – 4/22/2009
Rep Braley, Bruce L. [IA-1] – 6/11/2009
Rep Bright, Bobby [AL-2] – 6/11/2009
Rep Broun, Paul C. [GA-10] – 2/26/2009
Rep Brown, Corrine [FL-3] – 6/11/2009
Rep Brown, Henry E., Jr. [SC-1] – 4/28/2009
Rep Brown-Waite, Ginny [FL-5] – 5/20/2009
Rep Buchanan, Vern [FL-13] – 3/17/2009
Rep Burgess, Michael C. [TX-26] – 3/19/2009
Rep Burton, Dan [IN-5] – 2/26/2009
Rep Buyer, Steve [IN-4] – 4/30/2009
Rep Calvert, Ken [CA-44] – 4/29/2009
Rep Camp, Dave [MI-4] – 6/18/2009
Rep Campbell, John [CA-48] – 5/4/2009
Rep Cantor, Eric [VA-7] – 6/23/2009
Rep Cao, Anh “Joseph” [LA-2] – 6/11/2009
Rep Capito, Shelley Moore [WV-2] – 4/1/2009
Rep Carney, Christopher P. [PA-10] – 6/9/2009
Rep Carter, John R. [TX-31] – 3/31/2009
Rep Cassidy, Bill [LA-6] – 5/4/2009
Rep Castle, Michael N. [DE] – 3/17/2009
Rep Chaffetz, Jason [UT-3] – 3/6/2009
Rep Chandler, Ben [KY-6] – 7/7/2009
Rep Childers, Travis [MS-1] – 6/9/2009
Rep Chu, Judy [CA-32] – 10/6/2009
Rep Clay, Wm. Lacy [MO-1] – 11/19/2009
Rep Coble, Howard [NC-6] – 6/11/2009
Rep Coffman, Mike [CO-6] – 6/16/2009
Rep Cohen, Steve [TN-9] – 10/22/2009
Rep Cole, Tom [OK-4] – 4/21/2009
Rep Conaway, K. Michael [TX-11] – 5/7/2009
Rep Conyers, John, Jr. [MI-14] – 6/23/2009
Rep Courtney, Joe [CT-2] – 7/8/2009
Rep Crenshaw, Ander [FL-4] – 5/4/2009
Rep Cuellar, Henry [TX-28] – 9/24/2009
Rep Culberson, John Abney [TX-7] – 3/26/2009
Rep Dahlkemper, Kathleen A. [PA-3] – 7/22/2009
Rep Davis, Danny K. [IL-7] – 6/26/2009
Rep Davis, Geoff [KY-4] – 5/6/2009
Rep Davis, Lincoln [TN-4] – 9/30/2009
Rep Deal, Nathan [GA-9] – 3/23/2009
Rep DeFazio, Peter A. [OR-4] – 3/9/2009
Rep Delahunt, Bill [MA-10] – 9/9/2009
Rep Dent, Charles W. [PA-15] – 5/6/2009
Rep Diaz-Balart, Lincoln [FL-21] – 7/10/2009
Rep Diaz-Balart, Mario [FL-25] – 6/18/2009
Rep Doggett, Lloyd [TX-25] – 4/21/2009
Rep Doyle, Michael F. [PA-14] – 9/29/2009
Rep Dreier, David [CA-26] – 6/10/2009
Rep Driehaus, Steve [OH-1] – 10/6/2009
Rep Duncan, John J., Jr. [TN-2] – 3/6/2009
Rep Edwards, Chet [TX-17] – 6/16/2009
Rep Edwards, Donna F. [MD-4] – 6/11/2009
Rep Ehlers, Vernon J. [MI-3] – 4/21/2009
Rep Emerson, Jo Ann [MO-8] – 7/15/2009
Rep Fallin, Mary [OK-5] – 4/2/2009
Rep Farr, Sam [CA-17] – 7/8/2009
Rep Filner, Bob [CA-51] – 7/28/2009
Rep Flake, Jeff [AZ-6] – 5/11/2009
Rep Fleming, John [LA-4] – 3/18/2009
Rep Forbes, J. Randy [VA-4] – 5/20/2009
Rep Fortenberry, Jeff [NE-1] – 5/12/2009
Rep Foxx, Virginia [NC-5] – 3/10/2009
Rep Franks, Trent [AZ-2] – 3/23/2009
Rep Frelinghuysen, Rodney P. [NJ-11] – 6/3/2009
Rep Fudge, Marcia L. [OH-11] – 7/9/2009
Rep Gallegly, Elton [CA-24] – 7/7/2009
Rep Garrett, Scott [NJ-5] – 3/5/2009
Rep Gerlach, Jim [PA-6] – 5/11/2009
Rep Giffords, Gabrielle [AZ-8] – 6/16/2009
Rep Gingrey, Phil [GA-11] – 3/30/2009
Rep Gohmert, Louie [TX-1] – 4/23/2009
Rep Goodlatte, Bob [VA-6] – 4/28/2009
Rep Gordon, Bart [TN-6] – 9/8/2009
Rep Granger, Kay [TX-12] – 4/28/2009
Rep Graves, Sam [MO-6] – 4/22/2009
Rep Grayson, Alan [FL-8] – 3/11/2009
Rep Griffith, Parker [AL-5] – 6/16/2009
Rep Grijalva, Raul M. [AZ-7] – 6/3/2009
Rep Guthrie, Brett [KY-2] – 5/7/2009
Rep Hall, Ralph M. [TX-4] – 4/29/2009
Rep Halvorson, Deborah L. [IL-11] – 6/3/2009
Rep Hare, Phil [IL-17] – 5/11/2009
Rep Harman, Jane [CA-36] – 7/7/2009
Rep Harper, Gregg [MS-3] – 5/11/2009
Rep Hastings, Doc [WA-4] – 5/11/2009
Rep Heinrich, Martin [NM-1] – 11/2/2009
Rep Heller, Dean [NV-2] – 3/6/2009
Rep Hensarling, Jeb [TX-5] – 5/4/2009
Rep Herger, Wally [CA-2] – 4/21/2009
Rep Herseth Sandlin, Stephanie [SD] – 5/6/2009
Rep Higgins, Brian [NY-27] – 10/13/2009
Rep Hill, Baron P. [IN-9] – 10/22/2009
Rep Hinchey, Maurice D. [NY-22] – 6/2/2009
Rep Hinojosa, Ruben [TX-15] – 9/10/2009
Rep Hirono, Mazie K. [HI-2] – 7/8/2009
Rep Hoekstra, Peter [MI-2] – 4/28/2009
Rep Holden, Tim [PA-17] – 6/4/2009
Rep Hunter, Duncan D. [CA-52] – 5/13/2009
Rep Inglis, Bob [SC-4] – 4/23/2009
Rep Inslee, Jay [WA-1] – 5/12/2009
Rep Issa, Darrell E. [CA-49] – 6/16/2009
Rep Jackson, Jesse L., Jr. [IL-2] – 7/30/2009
Rep Jenkins, Lynn [KS-2] – 4/23/2009
Rep Johnson, Eddie Bernice [TX-30] – 9/15/2009
Rep Johnson, Henry C. “Hank,” Jr. [GA-4] – 6/9/2009
Rep Johnson, Sam [TX-3] – 4/22/2009
Rep Johnson, Timothy V. [IL-15] – 4/23/2009
Rep Jones, Walter B., Jr. [NC-3] – 2/26/2009
Rep Jordan, Jim [OH-4] – 6/2/2009
Rep Kagen, Steve [WI-8] – 2/26/2009
Rep Kaptur, Marcy [OH-9] – 4/23/2009
Rep Kildee, Dale E. [MI-5] – 9/21/2009
Rep King, Peter T. [NY-3] – 6/4/2009
Rep King, Steve [IA-5] – 6/11/2009
Rep Kingston, Jack [GA-1] – 3/6/2009
Rep Kirk, Mark Steven [IL-10] – 7/15/2009
Rep Kirkpatrick, Ann [AZ-1] – 7/14/2009
Rep Kissell, Larry [NC-8] – 11/5/2009
Rep Kline, John [MN-2] – 4/29/2009
Rep Kosmas, Suzanne M. [FL-24] – 6/17/2009
Rep Kratovil, Frank, Jr. [MD-1] – 6/4/2009
Rep Kucinich, Dennis J. [OH-10] – 6/11/2009
Rep Lamborn, Doug [CO-5] – 4/21/2009
Rep Lance, Leonard [NJ-7] – 5/11/2009
Rep Langevin, James R. [RI-2] – 9/8/2009
Rep Latham, Tom [IA-4] – 4/21/2009
Rep LaTourette, Steven C. [OH-14] – 4/28/2009
Rep Latta, Robert E. [OH-5] – 5/20/2009
Rep Lee, Christopher J. [NY-26] – 6/10/2009
Rep Lewis, Jerry [CA-41] – 6/24/2009
Rep Lewis, John [GA-5] – 9/23/2009
Rep Linder, John [GA-7] – 5/6/2009
Rep Lipinski, Daniel [IL-3] – 6/4/2009
Rep LoBiondo, Frank A. [NJ-2] – 5/4/2009
Rep Loebsack, David [IA-2] – 6/10/2009
Rep Lofgren, Zoe [CA-16] – 7/7/2009
Rep Lucas, Frank D. [OK-3] – 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] – 4/21/2009
Rep Lujan, Ben Ray [NM-3] – 11/19/2009
Rep Lummis, Cynthia M. [WY] – 3/19/2009
Rep Lungren, Daniel E. [CA-3] – 5/7/2009
Rep Mack, Connie [FL-14] – 5/12/2009
Rep Maffei, Daniel B. [NY-25] – 5/12/2009
Rep Manzullo, Donald A. [IL-16] – 4/21/2009
Rep Marchant, Kenny [TX-24] – 3/11/2009
Rep Markey, Betsy [CO-4] – 6/25/2009
Rep Massa, Eric J. J. [NY-29] – 4/22/2009
Rep McCarthy, Kevin [CA-22] – 5/4/2009
Rep McCaul, Michael T. [TX-10] – 4/21/2009
Rep McClintock, Tom [CA-4] – 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] – 3/19/2009
Rep McDermott, Jim [WA-7] – 4/29/2009
Rep McGovern, James P. [MA-3] – 6/10/2009
Rep McHenry, Patrick T. [NC-10] – 4/30/2009
Rep McHugh, John M. [NY-23] – 5/4/2009
Rep McIntyre, Mike [NC-7] – 6/10/2009
Rep McKeon, Howard P. “Buck” [CA-25] – 6/11/2009
Rep McMorris Rodgers, Cathy [WA-5] – 5/4/2009
Rep Melancon, Charlie [LA-3] – 7/10/2009
Rep Mica, John L. [FL-7] – 5/12/2009
Rep Michaud, Michael H. [ME-2] – 5/7/2009
Rep Miller, Brad [NC-13] – 9/22/2009
Rep Miller, Candice S. [MI-10] – 4/28/2009
Rep Miller, Gary G. [CA-42] – 6/10/2009
Rep Miller, Jeff [FL-1] – 3/24/2009
Rep Minnick, Walter [ID-1] – 5/13/2009
Rep Mitchell, Harry E. [AZ-5] – 6/9/2009
Rep Moran, Jerry [KS-1] – 5/4/2009
Rep Murphy, Christopher S. [CT-5] – 7/7/2009
Rep Murphy, Patrick J. [PA-8] – 6/9/2009
Rep Murphy, Scott [NY-20] – 7/9/2009
Rep Murphy, Tim [PA-18] – 4/29/2009
Rep Myrick, Sue Wilkins [NC-9] – 4/28/2009
Rep Nadler, Jerrold [NY-8] – 9/10/2009
Rep Neugebauer, Randy [TX-19] – 4/30/2009
Rep Nunes, Devin [CA-21] – 6/12/2009
Rep Nye, Glenn C., III [VA-2] – 9/17/2009
Rep Oberstar, James L. [MN-8] – 7/31/2009
Rep Olson, Pete [TX-22] – 4/21/2009
Rep Ortiz, Solomon P. [TX-27] – 5/14/2009
Rep Pascrell, Bill, Jr. [NJ-8] – 6/9/2009
Rep Pastor, Ed [AZ-4] – 5/20/2009
Rep Paulsen, Erik [MN-3] – 3/30/2009
Rep Payne, Donald M. [NJ-10] – 7/30/2009
Rep Pence, Mike [IN-6] – 4/21/2009
Rep Perlmutter, Ed [CO-7] – 6/10/2009
Rep Perriello, Thomas S.P. [VA-5] – 5/13/2009
Rep Peterson, Collin C. [MN-7] – 3/19/2009
Rep Petri, Thomas E. [WI-6] – 3/10/2009
Rep Pingree, Chellie [ME-1] – 10/6/2009
Rep Pitts, Joseph R. [PA-16] – 4/28/2009
Rep Platts, Todd Russell [PA-19] – 3/19/2009
Rep Poe, Ted [TX-2] – 2/26/2009
Rep Polis, Jared [CO-2] – 6/11/2009
Rep Posey, Bill [FL-15] – 2/26/2009
Rep Price, Tom [GA-6] – 3/10/2009
Rep Putnam, Adam H. [FL-12] – 4/28/2009
Rep Radanovich, George [CA-19] – 5/6/2009
Rep Rehberg, Denny [MT] – 2/26/2009
Rep Reichert, David G. [WA-8] – 5/20/2009
Rep Richardson, Laura [CA-37] – 7/28/2009
Rep Roe, David P. [TN-1] – 4/21/2009
Rep Rogers, Harold [KY-5] – 7/14/2009
Rep Rogers, Mike D. [AL-3] – 5/13/2009
Rep Rogers, Mike J. [MI-8] – 5/20/2009
Rep Rohrabacher, Dana [CA-46] – 3/6/2009
Rep Rooney, Thomas J. [FL-16] – 4/22/2009
Rep Ros-Lehtinen, Ileana [FL-18] – 4/28/2009
Rep Roskam, Peter J. [IL-6] – 6/2/2009
Rep Ross, Mike [AR-4] – 5/21/2009
Rep Rothman, Steven R. [NJ-9] – 6/18/2009
Rep Royce, Edward R. [CA-40] – 5/12/2009
Rep Ruppersberger, C. A. Dutch [MD-2] – 10/20/2009
Rep Ryan, Paul [WI-1] – 5/14/2009
Rep Ryan, Tim [OH-17] – 10/23/2009
Rep Salazar, John T. [CO-3] – 7/15/2009
Rep Sarbanes, John P. [MD-3] – 6/15/2009
Rep Scalise, Steve [LA-1] – 5/20/2009
Rep Schakowsky, Janice D. [IL-9] – 5/6/2009
Rep Schauer, Mark H. [MI-7] – 5/20/2009
Rep Schiff, Adam B. [CA-29] – 7/14/2009
Rep Schmidt, Jean [OH-2] – 6/11/2009
Rep Schock, Aaron [IL-18] – 5/6/2009
Rep Schrader, Kurt [OR-5] – 9/15/2009
Rep Scott, David [GA-13] – 7/20/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] – 5/7/2009
Rep Sessions, Pete [TX-32] – 3/23/2009
Rep Shadegg, John B. [AZ-3] – 5/7/2009
Rep Shea-Porter, Carol [NH-1] – 6/9/2009
Rep Sherman, Brad [CA-27] – 6/23/2009
Rep Shimkus, John [IL-19] – 4/22/2009
Rep Shuler, Heath [NC-11] – 6/12/2009
Rep Shuster, Bill [PA-9] – 5/7/2009
Rep Simpson, Michael K. [ID-2] – 4/28/2009
Rep Slaughter, Louise McIntosh [NY-28] – 6/17/2009
Rep Smith, Adam [WA-9] – 4/22/2009
Rep Smith, Adrian [NE-3] – 4/28/2009
Rep Smith, Christopher H. [NJ-4] – 6/15/2009
Rep Smith, Lamar [TX-21] – 4/2/2009
Rep Snyder, Vic [AR-2] – 6/23/2009
Rep Souder, Mark E. [IN-3] – 6/16/2009
Rep Space, Zachary T. [OH-18] – 6/23/2009
Rep Speier, Jackie [CA-12] – 6/11/2009
Rep Spratt, John M., Jr. [SC-5] – 10/13/2009
Rep Stark, Fortney Pete [CA-13] – 3/26/2009
Rep Stearns, Cliff [FL-6] – 3/6/2009
Rep Sullivan, John [OK-1] – 7/8/2009
Rep Sutton, Betty [OH-13] – 10/6/2009
Rep Taylor, Gene [MS-4] – 3/6/2009
Rep Teague, Harry [NM-2] – 6/12/2009
Rep Terry, Lee [NE-2] – 3/30/2009
Rep Thompson, Bennie G. [MS-2] – 7/17/2009
Rep Thompson, Glenn [PA-5] – 4/22/2009
Rep Thornberry, Mac [TX-13] – 5/21/2009
Rep Tiahrt, Todd [KS-4] – 4/28/2009
Rep Tiberi, Patrick J. [OH-12] – 4/28/2009
Rep Tierney, John F. [MA-6] – 7/20/2009
Rep Titus, Dina [NV-3] – 7/14/2009
Rep Tonko, Paul D. [NY-21] – 6/9/2009
Rep Turner, Michael R. [OH-3] – 5/13/2009
Rep Upton, Fred [MI-6] – 4/29/2009
Rep Visclosky, Peter J. [IN-1] – 7/20/2009
Rep Walden, Greg [OR-2] – 5/4/2009
Rep Walz, Timothy J. [MN-1] – 5/7/2009
Rep Wamp, Zach [TN-3] – 3/16/2009
Rep Weiner, Anthony D. [NY-9] – 11/5/2009
Rep Welch, Peter [VT] – 5/21/2009
Rep Westmoreland, Lynn A. [GA-3] – 4/2/2009
Rep Whitfield, Ed [KY-1] – 5/14/2009
Rep Wilson, Joe [SC-2] – 4/29/2009
Rep Wittman, Robert J. [VA-1] – 4/1/2009
Rep Wolf, Frank R. [VA-10] – 6/11/2009
Rep Woolsey, Lynn C. [CA-6] – 2/26/2009
Rep Wu, David [OR-1] – 7/13/2009
Rep Yarmuth, John A. [KY-3] – 7/14/2009
Rep Young, C.W. Bill [FL-10] – 6/3/2009
Rep Young, Don [AK] – 3/6/2009

Step 2: Your Senator

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

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

Enter your zip code to contact your senators:

S 604 Co-Sponsors

Sen Barrasso, John [WY] – 7/15/2009
Sen Bennett, Robert F. [UT] – 7/15/2009
Sen Boxer, Barbara [CA] – 9/17/2009
Sen Brownback, Sam [KS] – 7/8/2009
Sen Burr, Richard [NC] – 7/9/2009
Sen Cardin, Benjamin L. [MD] – 7/28/2009
Sen Chambliss, Saxby [GA] – 7/8/2009
Sen Coburn, Tom [OK] – 7/20/2009
Sen Cochran, Thad [MS] – 10/1/2009
Sen Cornyn, John [TX] – 7/20/2009
Sen Crapo, Mike [ID] – 6/25/2009
Sen DeMint, Jim [SC] – 6/11/2009
Sen Dorgan, Byron L. [ND] – 9/9/2009
Sen Feingold, Russell D. [WI] – 7/15/2009
Sen Graham, Lindsey [SC] – 7/24/2009
Sen Grassley, Chuck [IA] – 8/3/2009
Sen Harkin, Tom [IA] – 7/20/2009
Sen Hatch, Orrin G. [UT] – 7/24/2009
Sen Hutchison, Kay Bailey [TX] – 7/20/2009
Sen Inhofe, James M. [OK] – 7/9/2009
Sen Isakson, Johnny [GA] – 7/8/2009
Sen Landrieu, Mary L. [LA] – 12/17/2009
Sen Leahy, Patrick J. [VT] – 9/17/2009
Sen Lincoln, Blanche L. [AR] – 7/15/2009
Sen McCain, John [AZ] – 7/15/2009
Sen Murkowski, Lisa [AK] – 9/15/2009
Sen Risch, James E. [ID] – 8/3/2009
Sen Thune, John [SD] – 9/22/2009
Sen Vitter, David [LA] – 6/16/2009
Sen Webb, Jim [VA] – 8/3/2009
Sen Wicker, Roger F. [MS] – 10/1/2009
Sen Wyden, Ron [OR] – 1/28/2010

Here’s a sample letter you can use:

HR 1207 (House)

Dear Representative,

Please co-sponsor and/or support HR 1207, an effort to audit the Federal Reserve.

Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going.

Currently there are 317 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.

Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.

Sincerely,

     S 604 (Senate)

Dear Senator,

Please co-sponsor and/or support S 604, an effort to audit the Federal Reserve.

Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going.

Currently there are 32 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.

Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.

Sincerely,

Step 3: The People

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

Link: http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/

Banner:


<a href=”http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/”>
<img src=”http://www.ronpaul.com/images/audit-the-fed.jpg” width=”290″ height=”127″></a>

Why Audit The Federal Reserve?

Ron Paul’s legislation is aimed at pulling back the curtain from a secretive and unaccountable Federal Reserve. Congress and the American people have minimal, if any, oversight over trillions of dollars that the Fed controls.

With recent bailouts and spending decisions shining a spotlight on the actions of the Federal Reserve, more and more pressure is bearing down on Congress to take action and demand accountability and transparency.

Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business.

Introducing HR 1207

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

Madame Speaker,

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

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

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

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

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

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

HR 1207

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

111th Congress – 1st Session

H.R. 1207

A BILL

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

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

SECTION 1. SHORT TITLE.
This Act may be cited as the “Federal Reserve Transparency Act of 2009″.

SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

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

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

“(e) AUDIT AND REPORT OF THE FEDERAL RESERVE SYSTEM. -

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

“(2) REPORT -

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

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

Ron Paul’s Quotes on HR 1207

In this speech to Congress, Ron Paul refutes Ben Bernanke’s interpretation of HR 1207, the bill to audit the Federal Reserve, and explains why only an audit will protect the public’s interest.

Date: 7/30/2009

Ron Paul: Mr. Speaker, the big guns have lined up against HR 1207, the bill to audit the Federal Reserve. What is it that they are so concerned about? What information are they hiding from the American people? The screed is: transparency is okay except for those things they don’t want to be transparent.

Federal Reserve Chairman Ben Bernanke, argues that HR 1207, the legislation to audit the Federal Reserve, would politicize monetary policy. He claims that monetary policy must remain independent, that is; secret. He ignores history because chairmen of the Federal Reserve in the past, especially when up for reappointment, do their best to accommodate the president with politically driven low interest rates and a bubble economy.

Former Federal Reserve Board Chairman Arthur Burns, when asked about all the inflation he brought about in 1971 before Nixon’s reelection, said that the Fed has to do what the president wants it to do, or it would lose its independence. That about tells you everything.

Not by accident Chairman Burns strongly supported Nixon’s program of wage and price controls the same year, but I guess that’s not political. Is not making secret deals with the likes of Goldman Sachs, international financial institutions, foreign governments and foreign central banks politicizing monetary policy?

Bernanke argues that the knowledge that their discussions and decisions will one day be scrutinized will compromise the freedom of the Open Market Committee to pursue sound policy. If it is sound and honest and serves no special interest, what’s the problem?

He claims that HR 1207 would give power to Congress to affect monetary policy. He dreamt this up to instill fear, an old statist trick to justify government power. HR 1207 does nothing of the sort. He suggested that the day after an FOMC meeting, Congress could send in the GAO to demand an audit of everything said and done. This is hardly the case. The FOMC function under HR 1207 would not change.

The detailed transcripts of the FOMC meetings are released every 5 years, so why would this be so different and what is it that they don’t want the American people to know? Is there something about the transcripts that need to be kept secret, or are the transcripts actually not verbatim?

Fed sycophants argue that an audit would destroy the financial markets’ faith in the Fed. They say this in the midst of the greatest financial crisis in history brought on by none other than the Federal Reserve. In fact, Chairman Bernanke stated on November 14th 2007, “A considerable amount of evidence indicates that Central Bank transparency increases the effectiveness of monetary policy and enhances economic and financial performance”.

They also argue that an audit would hurt the value of the U.S. dollar. In fact, the Fed, in less than a 100 years of its existence, has reduced the value of the 1914 dollar by 96%.

They claim HR 1207 would raise interest rates. How could it? The Fed sets interest rates and the bill doesn’t interfere with monetary policy. Congress would have no say in the matter and besides, Congress likes low interest rates.

It is argued that the Fed wouldn’t be free to raise interest rates if they thought it necessary. But Bernanke has already assured the Congress that rates are going to stay low for the foreseeable future. And again, this bill does nothing to allow Congress to interfere with interest rate setting.

Fed supporters claim that they want to protect the public’s interest with their secrecy. But the banks and Wall Streets are the opponents of HR 1207, and the people are for it. Just who best represents the public’s interest?

The real question is: why are Wall Street and the Fed so hysterically opposed to HR 1207? Just what information are they so anxious to keep secret? Only an audit of the Federal Reserve will answer these questions.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Promote HR 1207


Audit the Fed Song

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1,175 responses to “Audit the Federal Reserve: HR 1207 and S 604”

  1. Paul

    Is there somewhere on this website or another that will show the date for when a representative sponsored HR 1207? I’m interested in who are the latest to sign up. I’d also like to know the same for S.604.

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    1. VR
  2. rakko

    Things may be more dire than usual but we do NOT lose our vote if we work for a corporation. Where did you get such a hare-brained idea? I can prove it! I have my voting stub (among other things.) Can you back up your fear-mongering with tangible proof? You sound like one of Lyndon LaRouche’s henchmen.

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    1. ChrisBalls

      No problem proving that; Look in the IRC and find the definition of “U.S. Citizen”, “Individual”, “Wages”, “Income” and, oh yea, find what section Social Security is under. I’ll give you a hint; “Employee Benefits”. You voted? Good for you. Explain how the country majority vibrated “no” for the bailout yet it still passed? How did MA. pass Bill 2028 without a vote? Have you read the “cash for clunkers” fine print?
      Hmmm, you should also read in the IRC what a W-9 really is….then you’ll know how they convert private funds to public use, and then convert them back to private use, very unconstitutional. It’s all there, waiting for you to read it. Your vote? Good luck with that.
      Nice that members of congress can hire their kids and send them to school and write it off as employee expenses. Did you vote on those millions?
      Go back to sleep. Every thing will be alright. The government loves you, they want to take care of you. They just won’t be using the same health care that they will force on you…but, there is a provision for us Nationals; the “tax-payers” will foot our bill and we are not bound by health care limitations. Thanks for supporting me.

      Cash for Clunkers;
      In a move that can only be described as shocking, the United States has today moved to take control over every single computer system in their country without their own citizens even being aware of what is happening,

      Russian legal experts state that the insidious actions of the United States against their own people is “worthy of even the most devout Communist” as the American government has employed a method of seizing their citizens computers that is so Orwellian, even the most hardened of persons should be chilled to their very bones.

      To the exact method being employed to capture their citizens computer systems, the United States this past week introduced what they are calling a “Cash for Clunkers” automobile programme that allows Americans to trade in their out-of-date cars for new ones subsidized by their government in an amount up to $4,500.

      In order for the American people to ascertain if they are eligible for this “Cash for Clunker” programme they must first go to the US government website Cars.Gov, and where in the “small print” they are informed:

      This application provides access to the DoT CARS system. When logged on to the CARS system, your computer is considered a Federal Computer system and is the property of the US Government.

      Any or all uses of this system and all files on this system may be intercepted, monitored, recorded, copied, audited, inspected, and disclosed to authorized CARS, DoT, and law enforcement personnel, as well as authorized officials of other agencies, both domestic and foreign.

      Russian legal experts further point out that even though the language being employed by the US government in seizing their citizens computers appears to limit its “ownership” to only that time period when the Federal application is being used, nothing could be further from the truth as under what is known as the Uniform Commercial Code (UCC), once the United States Government becomes the owner of anything it retains that ownership forever.

      Note: The Uniform Commercial Code (UCC or the Code), first published in 1952, is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 states within the United States of America.

      Russian legal experts also point out that in seizing their citizens computers, all information on these computers become the property of the United States government too.

      And, if this isn’t shocking enough, the United States government openly states that the information they are seizing from their citizens computers will be freely given to foreign Nations in a move unprecedented in violating the human and privacy rights of the American people.

      Most disturbing about this shocking new development in the United States is that its propaganda news media is failing to warn the American people about this gross injustice to their freedoms, leading one to openly wonder how entrenched they are in the conspiracy to take away all of the freedoms and rights these once great peoples took for granted.

      But, even without their propaganda news media telling them the truth, the American people can never say they weren’t warned about the police state their Nation is becoming, as in his famous book “1984”, George Orwell did exactly that by stating:

      “Day by day and almost minute by minute the past was brought up to date. In this way every prediction made by the Party could be shown by documentary evidence to have been correct; nor was any item of news, or any expression of opinion, which conflicted with the needs of the moment, ever allowed to remain on record. All history was a palimpsest, scraped clean and reinscribed exactly as often as was necessary.”

      Upon the outbreak of hostilities against Britain by the American Revolutionaries, the Great Patriot, who became the first US President, George Washington said, “The time is near at hand which must determine whether Americans are to be free men or slaves.”

      Today, as the United States sinks into the abyss of totalitarian rule that will see its citizens enslaved forever, one can rightfully envision tears flowing down the face of George Washington should he have seen how far these American people have fallen.

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      1. Matt

        “Today, as the United States sinks into the abyss of totalitarian rule that will see its citizens enslaved forever, one can rightfully envision tears flowing down the face of George Washington should he have seen how far these American people have fallen.”

        BWAHAHAHHAHAHAHAHHAHAHA

        The Cash for Clunkers program as a government plot to seize and control the computers of our AUTO DEALERS! Yes!

        Yes, so that is why the website keeps crashing! It is not because our government is incompetant, it is because it was trying to seize all of the information from our auto dealers!

        Yes, yes, keep posting fake The Onion links as the real thing (that was hysterical, “jesus” and then says “thats classified” and moves on was pretty damn funny) and the impending Skynet, way to represent the troops!

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        1. Christine

          Matt, I didn’t find the onion video funny at all, nor did anyone else catch it including you. I did. Get a grip on yourself.

          With all that is occuring in our corrupt government, all the deceipt that is being perpetrated, all the time we spend researching to understand the truth of what we are feeling and facing, that we are moving further and further away from the founding documents where freedom and liberty is steadily being lost and our economic situation dire, a multitude of bills being passed without even being read, bills ill-affecting our lives, more big government taking control over basic life choices, I found that video to be totally un-American and irresponsible!

          You must not be very informed about how much of your freedom is gone and going, once, twice, three times…to the control of elite bankers in this destructive scheme, war after war towards the NWO.

          Every bill that is passed is another “auction item” and we pay for the loss as a taxpayer by the millions, billions and now trillions, of yet another freedom in our pursuit of happiness.

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          1. VR

            Matt is still kissing that statist ass.
            Yes Matt, that stain around your mouth and nose are permanent.

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          2. Matt

            Wow VR and Christine, looks like you are still living in a fantasy world and lost your sense of humor – but as you have proven y’all aren’t so good at discerning reality from fantasy. Must be a side effect of searching for conspiracies all day.

            FYI, i’m not sure why you are so concerned about the national debt – it was allllll taken care of:

            http://www.youtube.com/watch?v=hnTKqJNA2GE

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          3. longshotlouie

            Wow, Matt took a break from his navel cheese collection efforts.

            Matt’s plan to save America is as simple as a q-tip and some gooey grey/green matter collected during his daily navel gazing.

            (What’s that smell?)

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        2. ChrisBalls

          Matt, you’re an idiot and are apparently off your meds. Put it back in your pants. Too quick to grab it rather than to read what was there and investigate. It’s o.k., you’ll be alright. You can get your swine flu inoculation at a local Wal-Mart in the coming months.

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          1. Matt

            Wow, coming from a guy with ‘Balls’ in his name! Yes yes, I should listen to you, you certainly are coming from a moral high ground. I like that you use conspiracies to deride me (i’m a sheeple that will just go to wal-mart to take random medication)!

            Please tell a bedtime story Mr. Chris, how about the one where the WTC towers were holograms and the planes that eyewitenesses in New York are all in on the 9/11 conspiracy because the Fed gave them rebate checks so the New World Order could finish off the job that began back with Pearl Harbor? Please Mr. Chris? I like that one, it makes me angry and paranoid so i can wake up and riot in the streets.

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          2. ChrisBalls

            If you are angry, then you are weak and you should re-evaluate yourself. Anything I have typed is verifiable.
            If you are just bitter that your boyfriend left you and all you can do is surf porn and look for a venue to scream at to make you feel better, I am sorry for you.
            Unless you are one of those who continue to suggest that the GOP is organizing demonstrations across the country and trying to incite a riot of sorts, then I really feel sorry for you. Your cause has failed.
            Sadly still, I have just fed you again. Tough to make that dog go away when you feed it huh?

            Our mind is of 3 categories: what we know, what we don’t know, and what we don’t know we don’t
            know. Not knowing is unfortunate; not knowing that we don’t know is tragic. – W. Erhart.

            A truth’s initial commotion is directly proportional to how deeply the lie was believed.
            It wasn’t the world being round that agitated people but that the world wasn’t flat.
            When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic. – Dresden James

            Each progressive spirit is opposed by a thousand mediocre minds appointed to guard the past. ~ Maurice Maeterlinck

            Contempt, prior to complete investigation, enslaves men to ignorance. – Dr. John Whitman Ray

            In a time of universal deceit, telling the truth is a revolutionary act. – George Orwell

            If you want to make someone angry, tell him a lie; if you want to make him furious, tell him the truth.

            All truth passes through three stages. First, it is ridiculed, second it is violently opposed, and third, it is accepted as self-evident. – Arthur Schopenhauer Philosopher, 1788-1860

            As scarce as truth is, the supply has always been in excess of the demand. – J Billings

            Don’t confuse your opinion with 55the truth.
            – Werner Erhard

            Its a rare person who wants to hear what he doesn’t want to hear. – Dick Cavett

            The power to fit in with one’s social peers can be irresistible. To a human lemming, the logic behind an
            opinion doesn’t count as much as the power and popularity behind an opinion. – Norman Livergood?

            If the truth is that ugly — which it is — then we do have to be careful about the way that we tell the truth.
            But to say somehow that telling the truth should be avoided because people may respond badly to the truth
            seems bizarre to me. – Chuck Skoro, Deacon, St. Paul’s Catholic Church

            Neo: What truth? Morpheus: That you are a slave, Neo. That you, like everyone else, was born into
            bondage… kept inside a prison that you cannot smell, taste, or touch – a prison for your mind. Matrix

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          3. longshotlouie

            Hey Matt,

            Your keyboard must be covered in flopsweat.

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          4. Matt

            Wow, thanks for all the quotes Chris, keep living in the past. Each of those leaders and thinkers made their own quotes, not just recycle those from the past.

            Louie, thanks for the worthless comment. Just goes to show where Matt goes, Louie obediently follows! I must have a little something somthing that you find soooo irresistable.

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          5. VR

            Wow Matt, Speaking of worthless …. what is your goal here?

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  3. rakko

    Things may be more dire than usual but we do NOT lose our vote if we work for a corporation. Where did you get such a hare-brained idea? I can prove it! I have my voting stub (among other things.) Can you back up your fear-mongering with tangible proof? You sound like one of Lyndon LaRouche’s minions.

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  4. Doulgas

    Now that all the iniquities are present, now that all the bubble is apparent, now that all the depletion is apparent, now that all the employment is destroyed, now that all the equity has been sold, let us fight for our rights, let US fight!

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    1. Christine

      The are testing the American people. How much can they take before they break?

      and, God forbid the healthcare bill passes, government control over our bodies and health through a mandatory socialized healthcare system, mandatory payments or fines

      with a looming forced vaccination plan, a vaccination that has not been fully tested, that might be tainted, that would be full of viruses giving rise to potential illnesses, that if true would put us in a weakened state or worse, cause death

      rising unemployment by withholding commercial lending, too small to save, too big to fail buddy system (pay for their mistakes while they enjoy millions and billions)

      debt up the ying yang

      foreclosures still occuring, may be another heist in the making

      yet more taxes to come

      continual congressional spending bookoo, don’t know when to stop

      more big government taking deleting our freedoms and liberties

      invasion of privacy, military state

      two continuous wars with more wars yet to come
      American soldiers disbursed throughout the world

      talks by those in government with no substance and relief from financial woes and inflation, hyperinflation, or depression

      a president and speaker of the house who constantly break promises, deception, doesn’t listen, 1/2 truths, false hope

      a shadow government with a NWO plan that few know about

      preparation for this, whenever this happens
      http://www.youtube.com/watch?v=PWlw3vo_ALA

      farms and our food system soon in more jeaopardy than they already are

      Where is the bright spot in all of this?

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      1. Christine

        I read this on another post, talking about the bill HR8791 (link above), a foreigner says…

        …why do you allow these men who are in power to rob you step by step, openly and in secret, of one domain of your rights after another, until one day nothing, nothing at all will be left but a mechanised state system presided over by criminals and drunks? Is your spirit already so crushed by abuse that you forget it is your right – or rather, your moral duty – to eliminate this system? ‘

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        1. ChrisBalls

          I’ll say it again; you are an employee in a private corporation. You have no ability to vote. Your constitutional government does not exist. It was over-taken by the corporation it created in the DoC to do business for it (controlled by the IMF (reserve), a foreign, private bank). Your social security # is you employee identification #. You have no rights protected by the constitution, you are subject to private law. You signed your rights away unknowingly, willingly.
          You cannot make a change if you remain in that corporation’s employ.
          It’s a hard pill to swallow for most. It is not like it isn’t obvious though.

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      2. Christine

        Oh, good grief! That youtube link above is the bright spot in all of this! It’s a fake, a sick joke. It’s a video from

        http://www.theonion.com/content/video/proposed_classified_bill_will

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  5. Doulgas

    The great lesson of proper issuance of medium of exchange is at hand. This is the new lesson for USA to overcome intellectually, politically and philosophically. The entire world has followed the great hallmarks of America and prospered. Now the time has come to scrape of the dross floating on the top of the crucible.

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  6. George Craig

    The problem is that it’s like closing the hen house door after all the chickens have gotten out.

    We haven’t had a hard currency since 1971. Ever since then, we’ve been printing paper at ever-increasing rates. And we’ve used gradient scaling, substitution, and dozens of other dirty tricks to keep the official inflation rate much lower than it really is. The money supply has increased 20 fold since then, which would suggest that a 2009 dollar would be worth about 5 cents in 1971 dollars, but the CPI stubbornly insists that inflation has been about a third of the amount that it should have been. Printing massive amounts of new currency while keeping the CPI artificially low has kept Social Security and other inflation-based wage increases down, which prevented Social Security and the Federal government from going bankrupt in the early ’80s, but it has also eventually become so out of balance that it has forced us use our credit cards, home equity and savings just to maintain a declining standard of living. It was only a matter of time until, like a rubber band, it snapped. We weren’t able to keep it up, so our houses went into foreclosure, and the whole thing began to collapse.

    And the amount of fresh currency we’ve been pumping into the money supply has increased dramatically over the last couple of years. If we tried to stop runaway inflation at this late date, the Federal government would go bankrupt. All that freshly printed M1 currency, and the 50% or more increase in M3 money supply over the last year or so have to hit like a tidal wave, giving us 20% inflation for a couple of years, while our government bonds continue to pay 3% interest, in order to bring the national debt back down to a manageable level, otherwise the national bankruptcy that we faced in 1980-81 will finally come to pass.

    The Federal government is now in Madoff’s situation: It depends on the combination of under-reporting inflation while simultaneously increasing the money supply. Unless tax revenues continue to increase, GDP increases due to under-counted inflation increases, and the interest rates it pays remain around 3%, as if inflation was practically non-existent, it won’t be able to pay its bills.

    And we might have a problem with some foreign investors, too. Foreign nationals currently own $23.4 TRILLION dollars in U.S. assets, including about $3 trillion of our $11.6 trillion national debt. The Federal government is probably going to need to borrow another $1 trillion per year, every year, from these foreign investors, at very low interest rates, for the foreseeable future, just to keep from defaulting on that massive debt. If they figure out that our Federal Reserve system, whose biggest asset is about $6 trillion of our national debt, which is literally worth the paper it’s written on, isn’t in much better condition than our biggest banks, they might want higher interest rates, or might not loan us the money at all. Which would be a disaster for our government.

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    1. Christine

      The American government is way worse than, but like trying to support a spouse who has a shopping addiction. Spend ‘n Tax Max. The American people are tapped out.

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  7. Jim Williams

    By the way, I do not owe the Federal Reserve a dime. This debt has been by device and manipulation and corruption of government traitors.

    After we clean up this mess, including our courts, we will sue them and WIN an award that will exceed the national debt. Then we will show them how even a failing superpower cannot be pushed around.We will pay the Chinese what we owe them and we will once again take our leading place in the world as a shining light of FREEDOM–not corruption.

    My fellow Americans, we are at the crossroads. Let us not fail ourselves, let us not fail our children, let us not fail the world. Let us not repeat the error made by allowing Nazis to disarm the people and seize complete power. Let us not finally pay the price that Germany paid for crimes against nations. Let us not continue on the path of mass murder on behalf of shadow power brokers for their own schemes and plans. In two more years, the war on “terror” will exceed the Vietnam war. Our technology has kept OUR body count down, but ask yourself about all the little kids who have had their lives stolen and for WHAT?

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  8. Jim Williams

    There always has been a safeguard. The dollar is declining against gold. They used derivatives to pound gold but it is breaking free because even the dumbest investors are starting to realize that TV news and finance talking heads are paid shills and have been for many years.

    This is not a political issue. The fraud that has been perpetrated against the American people is a criminal issue. Anyone who has been in the courts understand the rampant corruption that exists in the judiciary. They NWO is terrified because technology itself has hemmed them in. newspapers are going broke because their propaganda has become exposed by patriots on the internet.

    The deciding moment will be soon. The NWO will seek to maintain its very existence, even destroying the USA to insure its survival. They owe allegiance only to themselves. We owe our forefathers and our children to preserve liberty. If you think you are free, you are sitting home and not interfacing with the government, police, etc. WAKE UP. Talk to your family in the military. WE NEED THEM HOME NOW!!!!!!!!! Everyone knows that our military only loses fights that make no sense. WE WIN THE IMPORTANT ONES. We are a sleeping giant that is beginning to show signs of life!!!!

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    1. Christine

      I like it when someone speaks from the place of power with the truth in him!

      The more they try to control, the more they realize they control nothing. They are concerned that this plan of theirs will spin out of their control. The things they prize the most is (1) money (2) power (3) control (4) the secretiveness of the elite, their big egos.

      (1) They are destroying their financial system themselves.
      (2) The more they try to control our minds with fear tactics, the more obvious their game becomes, the more we recognize it.
      (3) People who are verifiably crazed and taken over by these inhumane and insane thougts of grandure, of owning and controlling the world, sitting in high places are actually self-destructive.
      (4) As if being secretive has kept us from knowing.

      Speaking of the military… I was talking to someone I know in the U.S. Navy. The navy is talking about taking away the military’s current medical benefits and making them pay premiums into the Obama government-controlled health plan. He said if they do that he is getting out. There is more than one reason to get out, but after all the talk about making sure the military are taken care of…even the military have been lied to once again.

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      1. Jim Williams

        Thank you. We have military coming and going in our retail store, some of them starting third tour. Most had houses, jobs, wives and husbands when they started, now many have lost all that. Had their kids grow up minus a parent–and for what?

        Since Bin Forgotten-Laden was a CIA asset, we would have had him data-fied all the way to his 6th cousins. We would have known his usual tactics, hiding places,resources, etc. Yet we can’t find him. We don’t know who to kidnap who would draw him out, etc…

        They are just killing the true-believers who worked for Osama.

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        1. Christine

          http://www.youtube.com/watch?v=59wY_O18TFI&feature=related

          Frost over the World – Benazir Bhutto – 02 Nov 07
          http://www.youtube.com/watch?v=oIO8B6fpFSQ&feature=fvw

          …and she knew too much and was outspoken so, perhaps devulging something Bush did not want everyone to know so the wars could continue…warning, a little graphic
          http://www.youtube.com/watch?v=wluVIrR-jw4

          ..and Pres O says “…whether he is technically alive or not”. to avoid telling us the truth and so he can continue the wars.
          http://www.youtube.com/watch?v=Zmvexs6q42A&NR=1

          Al Qaeda Doesn’t Exist (Documentary) – 1
          http://www.youtube.com/watch?v=ek7ZHenQnu4&feature=related
          http://www.youtube.com/watch?v=VnV_pNe_BB0&feature=related
          http://www.youtube.com/watch?v=kZtbYnslB0o&feature=related

          Recently I heard these videos of truth…
          The Best Testimony of The 21st Century
          http://www.youtube.com/watch?v=r0GQUtYkxfY&feature=related
          http://www.youtube.com/watch?v=3lINNad6Njs&feature=related

          I suspect the FED, elite behind the scenes, has a lot to do with all of these wars over many, many years. The corruption is not only ill-affecting us, but the rest of the world, and us with the rest of the world.

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          1. sean

            haha wow… I can’t believe somebody made a video thinking al-qaeda doesn’t exist as if countries like turkey, yamen, and kenya all staged these separate attacks.

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          2. christine

            Sean, with what is going on around the world with the contaminated flu vaccine, how it is being promoted by all leaders of 180 some countres, (Obama being the lead salesman) we will all know firsthand the devastating fallout of staged attacks. I prefer to call them strategic attacks that serve the NWO. Be sure to check in on the health topic in this forum. Prepare and protect yourself or stay in denial. The choice is yours.

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  9. Christine

    Time for a New Tea Party Wake Up America #10
    http://www.youtube.com/watch?v=HfqhQJwxp_w&feature=channel

    Explaination of our woes using history of former times in America. Tyranny by corporatism.

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  10. Robert

    My California senators, Sen. Barbara Boxer and Sen. Dianne Feinstein have NOT signed on to S. 604. I will NOT vote for either one if they don’t. Carly Fiorina is trailing by only 4 percentage points, (45% to 41%) behind in a hypothetical head-to-head with the three-term Boxer. I would NOT like Fiorina as a senator. If there is no alternative I will simply NOT go to the polls.

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    1. Jeremy Dozier

      I disagree. Go to the poll if for no other reason than to remove the incumbent from office. At the very least, the balance of power will shift. If status quo is bad, then we need change.

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  11. Joe Pitre

    How much pressure is being put on Pelosi? Are we working on that as a group?

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  12. CitizenPete

    FYI… List of targeted Senators and Reps to contact is presented in this video format daily…

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

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  13. wayne rochat

    if someone who has the public faith gets caught with their hand in the cookie jar , they need to be taken out in the street and shot like the dog they are . people in washington act like their white collar crime is no big deal. it has to stop somewhere. line them up . their nothing but tratiors of the american way, and should be shot or hung by the neck till dead, dead , dead

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    1. ChrisBalls

      My sentiments exactly, but remember, they cannot commit treason as they are not “Americans”. They are employees of a private company and following its policy.
      I think it is time for a corporate take-over and I agree, as wrong as it “may” be, they should all hang, publicly. As a matter of fact, I think some should be stoned, and I mean with granite.

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  14. Joseph Lausier

    Gerald Walpin, the fired inspector general, would make the perfect auditor for the Fed.

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  15. wayne rochat

    lets all march on the feds , set a date only the will of the people will work when they see we are sierous

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    1. anarchist

      wayne rochat:

      I love your mentality!!!!! The only way to get rid of the
      private “FED” is to directly confront them; hopfully peaceably,
      but I really doubt it. Keep up your type of thinking!

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  16. Jeremy Dozier

    The gold might be in Fort Knox still, but it may be on the Fed’s Balance sheet instead of the Treasury Dept.’s. So, even if the gold is there, the American People likely do not own it.

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  17. Joseph Lausier

    While you’re at it audit the gold in Fort Knox.

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  18. Sam

    Team, I did some digging around to see if those members of the House Committee on Financial Services who are NOT co-sponsors of Ron Paul’s HR 1207, an effort to audit the Federal Reserve, have been taking any campaign money from the financial gang.

    I checked 2008 campaign contributions by only two Banking heavy hitters: Goldman Sachs and JP Morgan. It appears that GS and JP have made total of $256,498.00 and $147,701.00 in contributions to these members respectively. The total contribution between these two gangsters is $404,199.00 with Goldman dumping almost two times the cash. The breakdown by committee member is below.(all of them are democrats):

    Name GS JP
    Himes, Jim (CT) 152,798 19,800
    Maloney, Carolyn (NY) 14,600 15,600
    Kanjorski, Paul (PA) 16,100 11,000
    Frank, Barney (MA) 10,000 11,000
    Bean, Melissa (IL) 4,500 14,500
    Velazquez, Nydia (NY) 5,000 12,500
    Moore, Dennis (KS) 5,000 10,000
    Foster, Bill (IL) 6,000 5,000
    Klein, Ron (FL) 4,500 6,250
    Watt, Melvin (NC) 5,000 5,000
    Donnelly, Joe (IN) 2,000 7,422
    Meeks, Gregory (NY) 3,000 6,000
    McCarthy, Carolyn (NY) 3,000 5,450
    Ackerman, Gary (NY) 4,500 3,000
    Wilson, Charlie (OH) 2,000 4,500
    Hodes, Paul (NH) 3,000 2,500
    Moore, Gwen (WI) 2,000 2,629
    Carson, Andre (IN) 4,000 250
    Miller, Brad (NC) 2,000 2,000
    Capuano, Michael (MA) 2,000 1,000
    Hinojosa, Ruben (TX) 2,000 1,000
    Gutierrez, Luis (IL) 2,500
    Lynch, Stephen (MA) 1,000 1,000
    Ellison, Keith (MN) 300

    The champion is Rep Himes, Jim (D-CT). If these figures are correct — he took $172,598 total from GS and JP. According to the web site Goldman gave him $152,798. This is kind of a lot and I would probably double-check the reported data, but Himes used to work for Goldman Sachs … so it is possible that his old buddies took care of him. The numbers were taken from the web site below and they are quoting the numbers released by the Federal Election Commission. I think that we have to at least call and ask these representatives if their unsupportive stance is in any way influenced by these contributions.

    http://www.opensecrets.org/orgs/toprecips.php?id=D000000085

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  19. Marianne Zito

    How about auditing the House of Representatives and the Senate. Why are they not being held accountable for bad governing!

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  20. Audit the Federal Reserve: HR 1207 and S 604 - U.S. Politics Online: A Political Discussion Forum

    [...] as the country is concerned). H.R. 1207: Federal Reserve Transparency Act of 2009 (GovTrack.us) Audit the Federal Reserve: HR 1207 and S 604 | Ron Paul .com Bernanke somehow tries to argue that auditing the federal reserve will hurt confidence in the fed [...]

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  21. ChrisBalls

    Oh boy, I used my name on my last post to reply to the generated e-mail. Crap, I’m “on the list” now. It’s been a good life.

    You can’t audit the Fed. Ron Paul should know better. It is in the contract. What is interesting though is, this audit is being fought. If it comes to light, it will force the Fed. to reveal the truth about why they can’t be audited. Oh sh*t! That will be more damaging to their power than an actual audit unless, they “allow” an audit or, “allow” you to believe they were audited. They are not a federally controlled agency. They are a private bank under a private contract. They cannot be audited. They were granted the power to do banking by a private company established by the U.S. government. That created “government” only has jurisdiction in the DoC and other “federal possessions”. You, by the way, are a “federal possession”. You agreed to it when you filed a SS application. Dummy. Don’t you read contracts before you sign them? Don’t feel bad, it’s not like they told you what you were really signing. That would be fraud though…..funny thing.

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  22. Robert

    Save vegetable seeds for planting. The US Dollar: G-8 signals end to dollar supremacy: 07/03/’09. I’m stocking up. If the US economy tanks in a way that many people fear, we’ll be like pre-war Germany, when a wheelbarrow of Deutschmarks couldn’t buy a loaf of bread.
    (The German currency was relatively stable at about 60 Marks per US Dollar during the first half of 1921. But the “London ultimatum” in May 1921 demanded reparations in gold or foreign currency to be paid in annual installments of 2,000,000,000 (2 billion) gold marks plus 26 percent of the value of Germany’s exports. The first payment was paid when due in August 1921.[2] That was the beginning of an increasingly rapid devaluation of the Mark which fell to LESS THAN ONE THIRD OF A CENT by November, 1921, (approx. 330 Marks per US Dollar). ** (The Mark fell to 8000 Marks per Dollar by December 1922.) This COULD happen to us if China (or other nations who hold our debt) simply cash in on it like England did to Germany.

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  23. Don Fensler

    Support the bill.

    Whats that old 200 year saying by the bankers -(para)when
    the dust settles it will be our way

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  24. anarchist

    Does anyone really think that the “FED” will actually be
    audited? The “FED” has such a stranglehold on this country,
    that it will never allow itself to be audited! This is
    not a negative statement, but one grounded in reality. I am
    not saying that HR 1207 is a waste of time; it is getting
    the word out on who exactly the “FED” is. And this is good!
    Even if it is audited, by the time the audit is finished, the
    economy will be completely beyond repair; if it is not
    already beyond repair now.
    Besides, there has not been an audit of our gold reserves since 1954 under Eisenhower. Even Ron Paul doubts that there is
    any gold left; it has probably been moved to the European
    central banks. If this proves to be true and is found out,
    the economy would collapse on this fact alone.
    The only way the “FED” is going to go away, is for it to be forcibly removed. I do not see the banksters going away without a fight.

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    1. boby

      You can’t get rid of the FED when most people do not know that the FED is the problem. This is a great move, it might even stop Obamas plan to give more power to the FED. Ron sure knows how to intercept this bastards.

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      1. anarchist

        boby:

        You have got a good point! If HR 1207 comes to nothing,
        then the word has been put out who the hell the private
        “FED” is, and this is GREAT! I think that the general
        population is being “educated” as to who and what the
        private Federal Reserve System really is.

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  25. Jeremy Dozier

    Sorry to post again. Can someone debunk this?! It is bothering me.

    http://www.theforbiddenknowledge.com/hardtruth/slaves.pdf

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  26. Jeremy Dozier

    Which is why some of our income tax still goes to the Queen!? I hope this isn’t true:
    http://www.apfn.net/MESSAGEBOARD/01-28-05/discussion.cgi.10.html

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  27. hopefull252

    If you can’t fight the Fed, abolish it. The Fed is a leach that sucks the monies of hard working public by way of the discount window and other means. Goldman and others receive monies to manipulate markets in order to have the government pick up the tab and have the tax payer pay the bill.

    In the last 30years the Fed has received more and more power which they used to setup this current melt down.

    The only problem with an audit is that you will not find a paper trail. Like Paulson email and documents are off limits at the Fed. Transactions are off book so no audit would find anything.

    In fact the Fed is not a legal entity; all monies shall be created by congress not a third party “Fed” as stated in the Constitution.

    The Central Banks around the world goal is to make all countries to be in there debt and have ultimate power of monies and governments.

    The world would be a much better place without Central Banks.

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  28. Mike

    275 in the House and 17 in the Senate! Keep up the excellent work demanding your Reps and Senators to support this. If Obama does squash this movement, the more people who are aware of this and support it means all the more will be outraged and demand his removal from office.

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  29. Jeremy Dozier

    My proposal would be to end the Fed, allow community banks to issue a new currency agreed to by a convention of governors from each state. This new currency would have to be backed with real assets – copper, gold, silver, etc. The banks would not be allowed to issue currency on a fractional reserve greater than 3 to 1. The problem is what to do with these “Federal Reserve Notes” we currently have, which are not worth anything. I suppose the banks could accept deposits in Federal Reserve Notes and use those notes to buy real assets of gold, copper, and silver. This would have to be done on a huge – simultaneous scale. Granted, the notes wouldn’t buy much gold, silver, or copper at this huge purchase, but the transition would be immediate and complete. We would all take a hit, but it would be an investment in real money which would pay long term huge dividends.

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  30. Harold

    How about taking Henry Ford and Thomas Edison seriously? Look up
    Muscle Shoals Dam” project, and think about it. Why not gold and silver for everyday transactions, and then go to thier method for future public project development. The gold and silver would not be involved, it wouldn’t have to be. After you look it up you will realize that the value is aleady there, and that no public debt would be there after the fact, just a valuable resource that belonged to the American People. Then, imagine a like system for the future. Gold and silver are valid as money, they have their own value. Such public projects have their own value for the future, and these two giants of industry told us how to finance them debt free, and own them, and pass them and the wealth involved on to our descendants, not to a banker elite.

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    1. VR

      May be of interest:

      TVA’s Muscle Shoals site may be sold
      http://www.timesfreepress.com/news/2009/jul/14/tvas-muscle-shoals-site-may-be-sold/

      Do you have some links for project financing, long and short?

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  31. Douglas

    We need to keep a medium of exchange in operation. Some research into previous emergency US currencies would be helpful. For example the Continentals and the Greenbacks. As long as the issuance of New currency is debated and enacted democratically by all the commonwealth of citizens representatives. Right now the US government primarily allocates tax dollars given to them after the Feds and the IRS get their cut.

    The Federal Reserve feeds the private banks without any representation of the citizens as a whole. Thus we have a continued unstable dollar and economic turmoil. The Feds are directly responsible for feeding the ludicrous economic bubbles that have destroyed the US economy. What is more horrific than this, is what the Feds Private Shareholders do with the Trillions of Real Dollars they earn each year. Understand that when the Feds issue New currency it is worthless until citizen turn it into something tangible (products, services, construction), then when the citizens pay it back with interest and taxes, that money paid back is Real Money with much more buying power than it had when it was first issued. One of the most tragic side effects of the Feds irresponsible issuing of New Dollars is the drastic depletion and wastefulness of Natural Resources, Human Labor and Cultural Heritage.

    What the shareholders are secretly doing with the trillions of Real Dollars they scrape off the economies of the world; the same shareholders that also own and run other central banking systems for many other Nations and the World Bank and the IMF. They have been secretly meeting through the direction of men like David Rockefeller to culminate the grounds for a Global Economy and a One World Government. As long as the US Military continues to be tricked into doing their dirty work, they will not pull the plug on the Dollar they own and control. They are destroying the planet with over production and over consumption on a Global Scale. Now they will blame you and will set you up for genocidal extermination. Once again they will bestow sovereignty unto a Beast that will turn on them and set fire to the world.

    Turn over their tables now with the use of our National Guards and pull the plug for them. It would be better for US to save our souls for the mark of the Beast and accept third world standards. Their is one problem, much of the US has been sold to foreign Nations so we would have to carefully reconcile their investments or possibly face Military invasions. The sell out is a strategic move by the Internationalist to force Nations to Merge. We should let the World know we opt out of the One World Government and are sorry about the Federal Reserves Private Shareholders Ludicrous behavior over the past 100 years.

    Unfortunately Obama is one with them. He is obviously sitting back as the US economy disintegrates and will turn the US over to the World Government as a solution. Perhaps their is a position of power waiting for him there. Cause so far I see no signs of Obama directly exercising his power on behalf of the American People. Instead they are giving all our tax dollars to the same private banking institutions that suck on the Fed and blow ludicrous bubbles. Now 700,000 more Americans will lose benefits and The Domino Effect is more poised to take control of the US economy than ever. That must be the plan, destroy the US economy after taking full control of the US Military Industrial Complex and then force all US citizens into a World Government.

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    1. Lindsey Brutus

      Indeed Obama seems to be one of them!

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  32. George

    I agree that we should audit the Federal Reserve System.
    What I don’t see, at this point, is what do you do when it is exposed?
    Do you honestly feel confident in the criminals that reside in the Congress to have full access to the money supply?
    Voting them out isn’t the issue, once they have their filthy hands on the money supply, do you think you can vote them out??
    It is a wise man that knows how to replace what he removes before he removes it.
    Of the 525 members in the Congress, there’s no more than 20 you can actually trust, in my humble opinion, and I’m being generous in that number.
    The bankers own the rest.

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    1. Christine

      I see your point George, and we would all like to see a seemless end to this corrupted system and transition into the financial system and government that is working for “we the people” based upon the priciples of our country’s founding documents. Because it is so complex, I don’t think the transition will be neat and tidy. So much of the transition depends on at least a majority of people becoming aware of the cause of the problem, thus exposing the FED. They are at the heart and center of the problem. We have been in this place historically many times before.

      What is happening here in America seems to be no different than what the elite FED perpetrate upon foreign countries. The US trains terrorists and then sends them in to destablize the country. We have the trainers of the terrorists in OUR country. Then military forces are sent in to totally disrupt daily business and life and they knew it. The country is robbed and massive people are killed. This has already occured in Iraq. Confusion and belief in the lies are purposefully designed to pit one citizen against another.

      For those of us who are aware, we need to give the process of transition and recovery a great deal of thought. We will naturally come together in groups to support, help one another and share ideas.

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    2. boby

      George, it would help expose the system to many Americans who just can’t get past their presidential idol Obama or Bush. Any kind of exposure is good. The more people become aware of how the system works the better. It’s a step in the right direction even if its just a small one.

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  33. George

    Ok, So you audit the Federal Reserve and find that it does some unscrupulous things. Then what?

    Are you really sure that you want to give the issuing of the currency to the politicians?

    Remember dear fellow Americans, that the forefathers who understood the beast of the bankers were not politicians, they were goodhearted men who did best for their country and the people.
    The politicians of today that sit in the District of Criminals are not goodhearted men looking out for the best interest of their country and the people. but for the profit to their wallets.

    It would be a disaster to put such responsibility in the hands of the irresponsible.

    We must first learn what to replace it with, before we destroy it.

    A thought for the future: If Obama puts Larry Sanders in charge of the Federal Reserve System in place of Bernanke, Sangers will cause the greatest inflation this country has ever seen.

    Careful what you wish for.

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    1. Lindsey Brutus

      George: We don’t want to replace Bernanke with anybody! We want to eliminate the Federal Reserve and have the amount of money issued controlled by our duly elected representatives. (Or as you call them, politicians) At least then we can have some accountability to our monetary policy. Or better yet, maybe we can go back to the gold standard. Either way, the American people deserve to have control over our country’s financial future! George, if you don’t trust politicians you vote them out. However, if you don’t trust people in charge of the Fed you can’t vote them out! You can’t even get them to answer questions. Even Supreme Court justices have to explain their decisions! The bottom line is the Fed needs to be audited and then probably gotten rid of!

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  34. Robert

    Yes, Christine. I want to chime in on that too. But don’t you think Ron Paul should add some input as to how to best accomplish this? It has been said that, ‘Nothing in the universe can resist the cumulative ardor of a sufficiently large number of enlightened minds working together in organized groups’. I truly believe this with all my heart. History has shown us that this phenomenon has occurred repeatedly. So, again,; Where do we start? Let’s start!

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  35. Douglas

    We can pressure for an Audit that should go back 100 years. This would reveal ludicrous monetary policy that reflex unconstitutional policies and, as a result, horrific wars. However, this would give our enemies too much time to shred the evidence, so, we should switch to a full legislative decommission. Along with this we would need to decommission the IRS. Both the Federal Reserve and the IRS are a team; one cannot exist without the other.

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    1. Jeremy Dozier

      Exactly! While they are scrambling to erase their tracks, we should switch tactics – we should insist on the death blow now! The FED and the phony debt and servitude it has placed on American Citizens must die. What would happen if the Fed goes bye bye? A bunch of illegally and immorally earned fiat money would disappear. The Ponzi scheme would be exposed. Sure, it may hurt for a while, but we can never get out from under the fake and crushing debt until we get a new system. This whole “money thing” is a scam. We need barter and return to the Biblical principle of having a good name and fulfilling promises you make. We don’t need green paper to help us exchange goods and services. Heck, we don’t even need gold. We just need morals.

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      1. Christine

        I’m with you Jeremy and Douglas. We need to focus on how to take our own power back and use our own creative talents to invent new ways of doing business and having our daily needs met, sidestep a corrupt financial system that is not working for us. We are being used to fund it with little to no return.

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  36. Eli

    Im in complete accord let audit them and then get rid of them.

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  37. Christine
  38. Christine

    America’s Controlled Economic Implosion
    http://www.youtube.com/watch?v=nMFs_jOtmuA&feature=rec-HM-r2
    sponsored by puppetgov.com

    In another video, Ron Paul was asked how long do we have? He said it is hard to predict, considering Austiran Economics, but we probably have 3 years.

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  39. InquiringMind
    1. Christine

      The FED has their own private auditors, so they say. We would like to know where that money went, specifically to whom it went. The TARP money has been totally unaccounted for so the American people do not know who received it and the FED refuses to say. Secondly, the TARP money was to help with the toxic assets, to remove them from the books, however, only 10 days after receiving the TARP money, that money was used and given to certain banks (winners) to buy up other banks (losers). They lied to congress. It’s safe to say the FED knew exactly what they intended to do with the TARP money before they requested it. The FED is charged with America’s financial stability, certainly they were watching all this come down. (I would suggest that if they did not know, then we don’t need their “expert” services, and if they did know, we do not need their “expert” services! The money was never used for the stated purpose, still has not been.

      The TARP money, the taxpayers money, has been used by the elite bankers to benefit themselves. Hank Paulson is now being question in a congressional hearing. He should be charged with a high crime, financial treason.

      Max Keiser – do a youtube search and listen to his videos
      http://www.youtube.com/watch?v=4PJk_73hjVQ

      General Inspector for the Federal Reserve
      http://www.youtube.com/watch?v=POI4P56q8LQ&NR=1

      Dollar Collapse by Bernanke
      http://www.youtube.com/watch?v=BqfbA6a8rd0

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      1. Matt

        “The TARP money has been totally unaccounted for so the American people do not know who received it and the FED refuses to say.”

        Ummm, what the hell are you talking about? TARP HAS NOTHING TO DO WITH THE FED! TARP funds are administered through the Treasury! IF YOU WANT TO FIND OUT WHO GOT TARP FUNDS STOP YOUTUBE’ING CONSPIRACIES AND LOOK HERE:

        http://www.financialstability.gov/docs/transaction-reports/transactions-report_071709.pdf

        Finally, if you want to see what they used the money for? There is a report coming out where 98% of the banks DETAIL EXACTLY WHAT THEY SPENT THE MONEY ON:

        http://www.forbes.com/2009/07/18/banks-bailout-barofsky-business-washington-tarp-report.html

        I’m not sure, Christine, if you have ever written a more inaccurate or misleading post ever. Basically, all original content by yourself is wrong.

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        1. Christine

          The FED is in charge of our financial stability. They are doing one heck of a job, don’t you think Matt?

          The TARP funds were given to Treasury, but the FED controls all of our money, thus our government, so what’s to distinguish between the treasury and the FED. The Tarp funds were used so select banks could buy up other banks, not for what they origianlly asked the money for…to remove troubled assets off the books, help homeowners. The change in plans happened only 10 days after receiving the money.

          The FED and the Treasury are working on the same agenda, designed by the FED. Wall Street and big corporations, an oligarchy, are a big part of our fianncial system also and they are running it into the ground. Everyone is running our government, except “we the people”.

          Oh, and you don’t have to yell. I can hear you. Pipe down.

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          1. Matt

            Please cite your source for this statement or retract it:

            “The TARP money has been totally unaccounted for so the American people do not know who received it and the FED refuses to say.”

            I have produced information that completely refutes this incorrect and inflammatory statement: The Treasury (not the Fed) allocated TARP funds, and they have documented to whom, and how much, and will be providing information as to what the recipients have done with it.

            Sometimes, I don’t understand why Ron Paul supporters don’t do a better job of moderating incorrect statements themselves, as unfortunately the vocal minority does reflect on the larger base.

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        2. longshotlouie

          Try again, Matt.

          Neither link shows what you suggest.

          Keep spinning, jester.

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          1. Matt

            Try again Louie, maybe you have a left-handed mouse? Or download Adobe Acrobat to your computer?

            In the spirit of hand-holding, here is the HTML link which has the links to the TARP TRANSACTIONS REPORTS which has exactly the information the TREASURY (not the Fed) has regarding WHERE TARP MONEY WAS ALLOCATED:

            http://www.financialstability.gov/latest/reportsanddocs.html

            Select any of the aptly named ‘TARP TRANSACTIONS REPORT’ and you will see EXACTLY what banks received how much. Let me copy some of the information:

            Title of the document:

            U.S. Treasury Department
            Office of Financial Stability
            Troubled Asset Relief Program
            Footnote Purchase Date
            Seller Purchase Details Capital Repayment Details
            For Period Ending July 15, 2009
            CAPITAL PURCHASE PROGRAM

            Examples:
            2 12/31/2008 First Banks, Inc. Clayton MO Preferred Stock w/ Exercised Warrants $ 295,400,000 Par
            1 1/9/2009 Bank of America Corporation Charlotte NC Preferred Stock w/ Warrants $ 10,000,000,000 Par
            1/9/2009 FirstMerit Corporation Akron OH Preferred Stock w/ Warrants $ 125,000,000 Par 4/22/2009 4 $ 125,000,000 $ 0 Warrants 5/27/2009 Warrants $ 5,025,000

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          2. longshotlouie

            Condescending replies are not substantial argument.
            Your link accounted for $16B out of a few trillion.

            Just keep your hand holding limited to your pimp, The Fed.

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          3. Christine

            Matt… Sooooo what?

            This list helps nothing and sidesteps my point.
            Paulson behaves much the same way as the FED when undergoing congressional hearings. Have you watched any of them on c-span?

            Representatives from both the FED and the Treasury give information that does not get to the root of the problem (and then they call it “transparency”, the new buzz word that is totally meaningless when it comes to our corrupt financial system), because if they did, the fraud and theft perpetrated on the American taxpayers would be fully exposed and admitted to by the perpetrators.

            If the FED is charged with the responsibility of keeping our financial system stable, they are total failures.

            If the Treasury requested TARP funds for a stated purpose, then used that money, our tax money, (on into generations yet unborn) to give to bank owners so they can buy up other banks, then we see how our hard earned money is being siphoned by the elite for their own benefit while Americans become overburdoned with extreme taxation without representation on top of the taxes we already pay for every gosh dang thing we do, Matt, including die (talk about guaranteed income for the government, none of us get out alive)!

            We are being held responsible for the mistakes of the very rich. when they conduct business that fails, they should fail to keep the system honest. They see us as generators of the money they need to work their own business plan and plans for the world. Why on earth, Matt, are you serving as a representative for them?

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          4. Matt

            Louie: “Your link accounted for $16B out of a few trillion.”

            TARP was $700B, and let me continue to hold your hand a bit more Louie… Don’t skip to the very last page. You apparently ONLY looked at one page – page 17 which ONLY has the outlay for the ‘Home Affordable Modification Program’. You will see the remaining allocation on the other 16 pages you didn’t seem to think were pertinent.

            Not much of a stickler for detail, eh?

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          5. Matt

            “This list helps nothing and sidesteps my point.”

            To remind you, my point was point was that you often have zero idea what you are talking about. Let me remind you of what your original statement was:

            “The TARP money has been totally unaccounted for so the American people do not know who received it and the FED refuses to say.”

            There it, I showed you that it is indeed accounted for and you know exactly who received how much. Problem solved. I would think you might actually be relieved to have been provided this inforamtion. Apparently not.

            You then prattle on with another baseless comment: “If the Treasury requested TARP funds for a stated purpose, then used that money, our tax money, (on into generations yet unborn) to give to bank owners so they can buy up other banks.”

            Banks buying up other banks? Where in the heck are you getting that idea?!?! Totally wrong, in fact, it really couldn’t be more wrong:

            “Only 4 percent are using the money to buy weaker financial institutions.”

            As a matter of fact:

            “Of the 360 banks nationwide that have received money through the U.S. Treasury’s Troubled Asset Relief Program (TARP), 83 percent say they’re using some or all of the money to make loans.”

            Check out the below link, page 11, if you would like a concise breakdown of lending activity for banks that received TARP funds.

            SIGTARP SURVEY DEMONSTRATES THAT BANKS CAN PROVIDE MEANINGFUL INFORMATION ON THEIR USE OF TARP FUNDS

            http://www.sigtarp.gov/reports/audit/2009/SIGTARP_Survey_Demonstrates_That_Banks_Can_Provide_Meaningfu_%20Information_On_Their_Use_Of_TARP_Funds.pdf

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          6. VR

            Matt replies:
            July 20th, 2009 at 5:09 pm
            To remind you, my point was point was that you often have zero idea what you are talking about.

            ?
            Is that you, Joe Biden?
            What was your point?

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          7. Christine

            When a citizen has been enlightened as to the debt-based system that has been in operation since the institution of the FED, no matter what fix is proposed by the government, ones that always keep the debt-based system alive and in operation, it is unacceptable. They can pump out page after page of financial details and it simply does not change a thing for the better.

            The reason Pelosi and the Pres. O keep saying the words, “I have confidence…” is because they believe that if they say it repetitiously enough, the rest of us will become brainwashed into having confidence in the system once again. Well, we don’t. Too much water under the bridge as they say.

            In congressional hearings, it was pointed out that not many folks have taken advantage of the token “Home Affordable Modification Program” for the citizens (amongst all the rest of the buying of smaller banks). I don’t wonder why. It’s a trust and confidence issue. When Americans “invest by force” $700 billion dollars into something, we expect a lot more in return than we are receiving. Have you been made better off for your investment? We actually would have preferred not to have the $700 billion laid upon our backs!

            Once upon a time, people used to actually pay off their mortgages and be an honest-to-goodness true homeowner. There was a big celebration. How many folks celebrate that now? We need to free ourselves from the FED, and any other institution that looks like, smells like it, acts like it.

            And when you receive your paycheck and see all of the dollars of deductions, doesn’t it make you fantasize about what you would do with that money to benefit yourself, your family, your community? You earned it.

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        3. longshotlouie

          The Treasury got the TARP funds from where?

          This is a gas watching Obamahos and Fedhos trying to plug holes in a dike that is undoubtedly coming down.
          Gonna have to chew some more of that Bubblicious.

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          1. Matt

            “The Treasury got the TARP funds from where?”

            I don’t know Louie, who passed the bill authorizing appropriation of the funds?

            This is like watching a chicken scamper every time they see a shadow of a cloud on the ground.

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    2. Christine

      I will also say, the only time I can recall that Jesus lost his cool and got angry was with the money changers.

      It is no mere coincidence that we feel the same way about the money changers of today. Money is being used as a tool of control. We best get creative!

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    3. Christine
      1. Matt

        Some more examples of people the TARP funds DID NOT HELP:

        Homeless and Retired NFL Players
        http://www.youtube.com/watch?v=rAZ8QHgVdtc

        Homeless Dogs and Cats
        http://www.youtube.com/watch?v=0QFI_5KR0Ig

        Homeless Beatboxer
        http://www.youtube.com/watch?v=vWz-x7YMVCk

        TARP funds never promised Utopia, and certainly personal responsibility dictates FAR too many people bought in over their head. Additionally, there have been tent cities for years, maybe your hatred of the Government/Fed finally caused you to care for the first time.

        I would expect a free market train of thought would be to let everyone who is going to fail, fail ASAP, foreclose, let housing prices plummet to equilibrium ASAP, and let the free market decide when to step in and buy. Why are foreclosures are not a bad thing? Let them fail.

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  40. Joe

    Lol, John McCain a co-sponsor 7/15/2009 of S 604??

    what? Doesn’t he work for the Wallstreet Banksters?

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    1. Douglas in Oakland

      He’s probably playing partisan politics, only to neuter S.604 into something innocuous. It is probably better to amend 1207/604 and instill a sense of closure on the House and Senate. It might be too dangerous to not act and leave HR 1207 dormant and ready to explode with if the economy gets worse and the bill becomes even more popular. McSame is the enemy, to be sure. Keating Five, warmongering, etc.

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    2. Lindsey Brutus

      Joe: Maybe McCain has seen the light. I think he has!

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  41. Dustin William Goodpaster

    I feel that this is one of this biggest moments for all of man kind, truly History in the making. As profound as a new revolutionary war, as empowering as the industrial revelation. We are stepping into profound times of rapid evolution of organic machines and we need the freedom to protect ourselves and our lives from enemies foreign and domestic so we mush correct our policies over seas and limit spending to open up the power of the free market to heal our world and bring about the use of more efficient systems built all from organics. Legalize hemp it is the most powerful plant know to man kind and can revert our entire world with very little effort and get us on the track to the Organic Revolution where DNA is used as the most powerful computers and bacteria are built to act as a stem cell to rebuild our bodies from the inside. Bring on the future, the private industry will grow its way to success!!!

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  42. E

    how many in the House Committee on Financial Services has to support hr 1207 to make it pass

    Like or Dislike: Thumb up 0 Thumb down 0

  43. What

    It says 261 co sponsors to the right and 267 to the left on this page what is right?

    Like or Dislike: Thumb up 0 Thumb down 0

    1. JS

      271

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  44. Non-Federal Non-Reserve

    Right…the Rothschild banksters audit it just to make sure they’re printing as much as they think they’re printing.

    Like or Dislike: Thumb up 0 Thumb down 0

    1. boby

      Yea I know the Rottchilds want to make sure no one is taking a bite at their piece of the pie.

      Like or Dislike: Thumb up 0 Thumb down 0

  45. boby

    ^I saw a small coverage of the issue on cnbc by lary kadlow. He claimed he liked the idea but said congress should also take responsibility for the crisis(because congress has control of the fed <—BS). Than he had two people argue for the two different sides of the issue. They barely had time to make any points but the guy against the audit(former high ranking FED employ) said the FED gets audited privately by a private company, so no need for a real audit. What does that mean, a private secret audit, what insult to peoples intelligence. If they get nothing to hide than an public audit should not be an issue. They print our money, so they should be accountable to us.

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  46. Non-Federal Non-Reserve

    60% of the house…0% mainstream (i.e., corporate) media coverage

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  47. Why Donald Kohn is Wrong and US Federal Reserve HR 1207 Needs to Pass | The Underground Investor

    [...] Fraud. If you live in the United States and your representative is not yet a co-sponsor of HR 1207, call, write, and email him/or her. You can discover the numbers of your representatives by dialing [...]

    Like or Dislike: Thumb up 0 Thumb down 0

  48. Douglas in Oakland

    This site is not updated. It’s 260 cosponsors as of 7-10-09.

    Like or Dislike: Thumb up 0 Thumb down 0

  49. Jan

    Uncovering the Secrets and Exposing the Lies
    Freedoms Phoenix…………..

    http://www.freedomsphoenix.com/Front-Page.htm

    or go to Freedom Force International….
    http://www.freedom-force.org/freedomcontent.cfm?fuseaction=NWO_collectivism&refpage=issues

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  50. MikeJaeger@Live.com

    Ron Paul is one of only few men whom have have dared to take a look at the federal reserve bank system. Jack and Bobby Kennedy both desired to investigate the Fed. bank and other institutions.

    Obama and many other politicians feast on funds controlled by Fed. Reserve banking families. Government leaders believe they keep banking families safe from the pitchfork of the masses… The banking nobility claim to keep the people in government employed and to protect the government itself… They work this partnership in every western world nation. To break this monopoly is the mission of Men like JFK – Bobby K. – and Ron Paul. Obama has sold out by surrounding himself with many established members whom are a part of this monoploy. I think he has looked to them out of fear and inexperience. What do you think?

    Like or Dislike: Thumb up 0 Thumb down 0

    1. Jan

      Unfortunately, we elect Democrats or Republicans and the elected President puts members of the CFR or IMF or Illuminati’s in his cabinets….cuz I guess they are really who dictates to our Presidents, how the elites want this country to run. Those who refused to not pander to them were assassinated/e.g.Lincoln & Kennedy.
      I would rather our Presidents not be allowed to appoint their own cabinet members unless they are tried and true party members.
      Otherwise, we will get what we did not elect. And I feel too this country should investigate those members in his cabinet and no CFR or IMF or Illuminati should be advising a President whom this nation elected. Check out some of the Eastern Senators as well….3 of them are members of the CFR…and I can’t stand them.
      Most of them are all Federal Bankers too…..
      Even FDR was a former banker!
      I’m beginning to think that all our Presidents are just a “token” or a “front man”…..or a puppet! LOL.
      And our freedoms are almost gone……also we are owned still by the UK…..so all we are is a corporation, not a free country.
      So, if Ron Paul doesn’t get on the ball….we will all loose our money and our lives probably.

      The wholesale looting of America and the transfer of wealth and power over to a private banking elite has already happened.

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