A bill to audit the international banking cartel mis-labelled as the “Federal Reserve” has reached 222 sponsors as of the evening of June 11th 2009, which represents a majority of the House of Representatives. Any thorough audit will likely confirm what we already suspect, that untold trillions of our tax dollars, handed over to international banks, have been leveraged to buy out other financial institutions and consolidate wealth, not issued as credit to stimulate the economy as it was intended. One can only guess what other kind of scams, cronyism, payoffs, and pilfering have occurred with our unaccounted-for trillions.
The fact that the Fed, which controls the issuance of currency (and hence inflation) is buying our own treasury bonds should send a shiver up the spine of every person holding dollars.
Ron Paul’s press release:
|Washington, D.C. – Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform.
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