2013 Audit The Federal Reserve Bill Introduced by Rand PaulSubmitted by InPursuitOfLiberty on Wed, 02/06/2013 - 06:59
“With our nation now over $16.4 TRILLION in debt, it’s never been more important the Federal Reserve’s abuses are exposed to the American people once and for all.” -Senator Rand Paul, via Campaign for Liberty
The Audit The Federal Reserve Bill is back in Congress, through none other than former Representative Ron Paul’s son, Senator Rand Paul.
Formally S. 202 in the Senate, Senator Rand Paul’s S. 209 Audit The Federal Reserve Bill will likely see massive support within the house where it currently has 100+ co-sponsors, and face its real battle with Harry Reid and the Senate, where current co-sponsors number at 19.
Last year, Rep. Ron Paul, author of bestseller and informative “End The Fed“, managed to finally pass the Audit The Fed bill in the house by a vote of 327-98, only to be denied a discussion, a vote, or even a mention in the senate by tyrant-in-chief of the senate, Harry Reid. Harry Reid exercised “his power” to block legislation from any discussion or vote on the Senate floor with just his word necessary.
Harry Reid’s vague explanation for delaying audit the fed was that he’d have to talk to fed chairman and chief printer, Ben Bernanke, before allowing a vote. If that does not signify that the federal reserve has stepped beyond its already unconstitutional bounds and authority, maybe the trillion-dollar coin will.
Representative Paul Broun of Georgia has introduced the companion legislation to Senator Paul’s legislation in the house, but Rand will most definitely be at the forefront and torch-bearer of the 2013 Audit The Fed campaign.
The only and first ever audit of the federal reserve was a partial audit. That’s right, the federal reserve, controller and dictator of the nation’s fiat (based on “trust”) currency, federal funds rate, and motivator of deficit spending ,malinvestment, and artificial GDP growth, has only been partially audited once, and never fully audited by an outside agency.
That ONE partial audit revealed that between December 1, 2007, and July 21, 2010, the federal reserve secretly and without any authority besides that of its own, loaned out 16.1 TRILLION dollars to domestic and foreign banks, and foreign nations. In a time when the nation’s economic crisis was beginning to release its effects, causing the liquidation of companies and loss of jobs, the federal reserve was printing fiat dollars, lining the pockets of its buddies in major banks, and weakening the dollar in every American’s wallets and savings. What the federal reserve is doing now is only fully known by itself, but according to reports from the fed, its balance sheet has grown and remains in the trillions, and is currently pumping roughly 80 billion a month into the market.