It's Time to Audit the Fed

The House of Representatives is considering H.R. 459, the Federal Reserve Transparency Act. H.R. 459 would enable the Government Accountability Office (G.A.O.) to conduct a full audit of the Federal Reserve, something it cannot do under existing law. Finally, after trillions of dollars, secret deals and Wall Street bailouts -- a thorough audit.

Recent events remind us how important monetary policy is to our economy. The ever-deepening scandal involving the fraudulent manipulation of the London Interbank Offered Rate ("LIBOR") reminds us that the international financial system is cloaked in shadow for the benefit of the banks, at the expense of the people. Remember, it took a lawsuit by Bloomberg News to force the Fed to reveal that it had created more than $7 trillion to rescue the banks during the financial crisis.

We already know that the Federal Reserve had knowledge of the Libor scheme, at least as far back as 2007. During the financial crises of 2008 and in the aftermath, the Federal Reserve extended extraordinary support to financial institutions that crashed the economy with reckless speculation, and on that support many of the firms made billions in profit and paid obscene bonuses. I fought hard to have the partial audit included in the Dodd-Frank and we learned about some of the Fed's responses to the fiscal crisis, but we need to learn the full extent of the Fed's activities.

The Fed should not be permitted to operate in the dark without oversight by Congress and accountability to the people. The American people deserve no less than a full and complete audit.

The Federal Reserve wants to stay independent; independent of the Constitution, independent of Congressional oversight and independent of the rule of law. We can't let that happen. It's time to audit the fed.

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  News & Politics

[Maxoom Childofthenovelty]

EXCELLENT, shame another real defender of the people has been forced out by gerrymandering. this alway happens to those who speak the TRUTH.

[Fredrik Kvamme]

All behind you and the good doctor, aswell as the others in the House who support this bill!

[xA18kND1x]

JUST STOP USING THEIR CENTRAL BANKING SYSTEM AND USE A LOCAL CREDIT UNION!!!!

[pinenut89]

Did this bill go *through*?!

The wikipedia page on it suggests that it didn't

Does anyone have the latest on this??

[TheTruthOfZion]

You don't give someone control of the money of your country without regular audits and transparency. If i go to the bank and ask for information on my account they give it to me and answer questions i ask. Its that simple.

They are criminals and have lots to hide. America gave them a bail out they have to give America transparency.

If they refuse then do not pay the debt and put them in prison along with any corrupted judges, Lawyers, Corporations, government officials and take your country back

[TheClever69k]

END THE FED!

Revolution is not an event. Its a proccess....

First the audit... Then the End of the fed....

[MrNewbsikle]

lol that's worked out for everyone who's tried that. 

[shumanitutonkaowachi]

Congressman, No matter how much trouble is in store for the USA if we become untethered from the Fed Reserve, I think America is up for the Challenge. I know that I am and only have a small amount of President Regans 1986 Silver Liberties. I will help old folks; I will help teach young folks, I can, I can, I can ect. Is not Andrew Jacksons legal tender law regarding Hard Times tokens still a qualifiying law? We can do it. Love Ya for what you stand for. Greetings from Florida.

[Brootalnags]

Run for president in 2016 im conservative/independent and would vote for you.

[RickCostel]

DON'T PAY YOUR INCOME TAX.

It's unconstitutional and the world is supposedly going to end anyway.

This is the year to NOT pay your income tax.

You want a revolution? Spread the world.

[Ganseblumchen12]

HR 459 sounds good to me.

END THE FED

[katydig]

Dennis K: "The international financial system is cloaked in shadow for the benefit of the banks at the expense of the people." Congressman Charles Lindbergh c1913: "This [Fed] is the most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money."