HR 1207-Audit The Federal Reserve
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Uploaded by Kythma on Apr 25, 2009
• The Federal Reserve enjoys a monopoly over the flow of our money and credit but has never
been completely transparent and accountable to Congress since its creation in 1913.
• Since 1913, our dollar has lost more than 95% of its purchasing power.
• In addition to an over $11 trillion national debt (with each American's share being more than
$36,000), Congress, the Treasury, and the Federal Reserve have put us on the hook for almost
$10 trillion in bailouts and loans.
• Yet, the Fed refuses to tell Congress which financial institutions have received these funds.
• On February 26, 2009, Congressman Ron Paul introduced HR 1207, the Federal Reserve
Transparency Act, which would deliver answers to the American people about how our money
is being used.
• HR 1207, which is currently in the House Financial Services Committee, received the support
of almost 50 other Representatives within a month of its introduction.
• HR 1207 amends section 714 of Title 31 of the U.S. Code to remove the restrictions on how the
Government Accountability Office (GAO) can audit the Federal Reserve.
• With these limitations gone, the Fed's discount window operations, funding facilities, open
market operations, and agreements with foreign central banks and governments would all
finally be open to congressional oversight.
• The GAO would be required to audit the Fed by the end of 2010 and to report its findings to
Congress.
• The Senate version is S 604, the Federal Reserve Sunshine Act.
• Call Congress at (202) 224-3121 and urge your representative and senators to support HR 1207
and S 604.
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nice vid.
NikM755 2 years ago
what we need is government protection from black-suit fascists who force us to use their funny money chucky cheese dollars!
Its time to pay the piper mother fuckers!!!
We see your fuckass scam now. The spirit of 76' lives on!!
ParapaDrifter 2 years ago 2