Ron Paul Audit the FED Bill HR 459 Yahoo News August 21 2012Submitted by PollMan on Wed, 08/22/2012 - 12:04
Very good article.
The "Audit the FED” Bill, HR 459, which calls for a full audit of the Federal Reserve System-- including its lending facilities and critical monetary policy operations passed overwhelmingly by a bipartisan vote of 327-98.
Los Angeles, CA (PRWEB) August 21, 2012
Our Voice Counts brings you up to date on the latest developments regarding some of the important issues that are affecting the United States of America. On July 25th 2012, the House of Representatives passed an historic Bill often referred to as the “Audit the FED” Bill, HR 459. The sponsor of the Bill, HR 459, Congressman Ron Paul applauded the passage by the House of Representatives of H.R. 459, the Federal Reserve Transparency Act. The bill, which calls for a full audit of the Federal Reserve System-- including its lending facilities and critical monetary policy operations-- passed overwhelmingly by a bipartisan vote of 327-98.
Congressman Ron Paul, Chairman of the Domestic Monetary Policy and Technology Subcommittee, announced that the subcommittee will hold a hearing to examine sound money and parallel currencies. “The American people have suffered for decades from the declining purchasing power of the dollar. The Federal Reserve has abused its position as the monopolist issuer of currency to enrich Wall Street and impoverish Main Street,” stated Chairman Paul. “The Fed can effectively create money out of thin air with impunity, while creators of gold and silver currencies face jail time. This is a travesty. The only way to stabilize the economy is to return to monetary freedom by legalizing Constitutional money. Until the American people are free to choose the money they want to use, and not what the government forces them to use, the economy never will be truly stable and any recovery will be illusory.”
On the other side, against this Bill passing was the Democratic leadership – Steny Hoyer, Barney Frank and Nancy Pelosi, putting their stamp on an issue. They have come out firmly for Fed secrecy. This is a whipped vote, which means that this is one of those times where the Democratic leadership – Steny Hoyer, Barney Frank and Nancy Pelosi – are putting their stamp on an issue. They have come out firmly for Fed secrecy. Here’s the whip notice from Democratic leadership on the House side encouraging members to vote against transparency at the Fed.
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