URGENT: Fed Audit Under Attack

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TAKE ACTION TODAY

From Jane Hamsher at FireDogLake:

The big banks are making a last-minute play to stop a full audit of the Federal Reserve. Please add your name to our urgent letter to stop this ploy and call for a complete Fed audit.

Click here to sign!

From Campaign For Liberty:

A few weeks ago, we sent out an alert that Representative Mel Watt was attempting to water down H.R. 1207 in the House Financial Services Committee.

The latest reports we have received have informed us that a vote on the Watt amendment could come tomorrow!

There’s still time for us to stop this attack on Audit the Fed! Click here to get a full list of Financial Services Committee members, along with their contact information.

Financial Services leadership seems determined to include Audit the Fed as part of a regulatory reform package instead of passing it as a standalone bill.

While C4L will still do everything in its power to fight for a standalone vote on Audit the Fed on the House floor, it is critical we challenge Watt's amendment in Committee.

It will become much easier for our representatives to claim they still support Audit the Fed on the House floor if the Watt version passes, when, in reality, Representative Watt's amendment puts restrictions on Government Accountability Office audits of the Fed.

For example, Watt's amendment prevents the GAO from auditing or reviewing decisions to authorize, modify, extend, or terminate loans or liquidity facilities.

Congressman Paul will offer an amendment in Committee restoring an audit of the Fed’s entire $2 trillion balance sheet, but we have received word that some of the members may be waffling on their support for his amendment.

Help us turn up the pressure on these members! Below is the list of Democrats on the committee who have cosponsored H.R. 1207. Please call them and urge them to vote "Yes" on Ron Paul's amendment.

1. Rep. John Adler, NJ (202) 225-4765

2. Rep. Travis Childers, MS (202) 225-4306

3. Rep. Steve Driehaus, OH (202) 225-2216

4. Rep. Alan Grayson, FL (202) 225-2176

5. Rep. Rubén Hinojosa, TX (202) 225-2531

6. Rep. Suzanne Kosmas, FL Toll Free: 1-877-956-7627

7. Rep. Dan Maffei, NY (202) 225-3701

8. Rep. Brad Miller, NC (202) 225-3032

9. Rep. Walt Minnick, ID (202) 225-6611

10. Rep. Ed Perlmutter, CO (202)-225-2645

11. Rep. David Scott, GA (202) 225-2939

12. Rep. Brad Sherman, CA (202) 225-5911

13. Rep. Jackie Speier, CA (202) 225-3531

When contacting these members, remember that up to this point, they have been allies on this issue. A civil yet firm tone should be kept during these calls. They should be thanked for their cosponsorship, told that Mel Watt's changes to the bill are unacceptable, and urged to hold the line and honor their promise to support transparency at the Fed by voting "Yes" on Ron Paul's amendment.

For more information on the Watt amendment, check out this article by The Huffington Post's Ryan Grim.

We are continuing our work to achieve a standalone vote on H.R. 1207 on the House floor, but we must first stop the Watt amendment in the Financial Services Committee.

Make sure the Financial Services Committee members hear from you as soon as their offices open!

A vote could come any time. Call, email, and fax the Financial Services Committee members to vote “Yes” on Congressman Ron Paul’s amendment.

THANK YOU for your continued efforts!

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Americans Deserve a Transparent Fed


Trillion-dollar interventions in the economy merit scrutiny by taxpayers and their representatives.

By RON PAUL AND JIM DEMINT

For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the U.S. dollar has lost more than 95% of its purchasing power. The Fed's unprecedented actions over the past year in attempting to stabilize the financial system have now forced it into the spotlight, and caused millions of people around the country to question the opacity of the Fed's financial transactions.

While the Fed is more transparent now than it was 20 or 30 years ago, there is still a long way to go. If the Fed were fully transparent, organizations such as Bloomberg and Fox News wouldn't have to sue its board of governors to receive materials that should be available through Freedom of Information Act requests. These include information on which banks and companies received loans and for what amounts after the 2008 financial meltdown.

One puzzling assertion made by the Fed and its supporters is that the Federal Reserve has some sort of independence from the government and independence in undertaking monetary policy. Nothing could be further from the truth. The Federal Reserve is a government-created banking monopoly, and its top decision makers are appointed by the president and confirmed by the Senate. If they do not perform satisfactorily in the eyes of politicians, they will not be renominated.

The Fed has also, for the past three decades, been required to engage in monetary policy with the goal of maintaining stable prices and full employment. Since the natural trend over time is for prices to decrease, a mandate to maintain stable prices is a mandate to pursue an expansionary monetary policy and inflate the money supply to counteract the lower prices we would expect from increased productivity.

Read the full article here

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How is it that Ron Paul, in

How is it that Ron Paul, in the movie " Bruno" can be heard saying "that guy is queer " as he is evading (nearly running away from) Brunno who had been hitting on him in a hotel room as Paul thought he was going to be doing an interview and was reading a magazine and waiting .. YET .. when asked by a pastor on an interview he all but backs up homosexualism as an ok thing that his trainin taught him about ---

It's not ok to be hit on by Brunno Ron (no fun tlwhen it's happening to you directly, then it's not ok) but whatever goes on in society should not be said to be bad .. ??? is that the logic Ron Paul ? What say you redeem yourself and stop being such a politician and stand for something that has backing ingrained with a moral fiber because it would seem you have none...

AJ was going gangbusters that

AJ was going gangbusters that the 'audit the fed' has gotten momentum, passed, has over a hundred sponsors ... (on his Sunday broadcast today).

so are we going to see bernanke, geithner and greenspan kneeling on the congressional steps on monday with their
hands held out and in shackles as they go to prison ????

will it take a decade of hundreds of peoples lives fighting with independent media to make such a thing happen ?

daily Alex jones says to 'make copies of my dvd's and spread the information and help fight in the infowars --- -I did so .. and got my selling rights suspended on ebay for a week - is this the kind of steifling of effort we are to expect when we take the advice of one of the 'founders' of the movement against tyranny ?

Great video! Thanks for

Great video! Thanks for keeping us informed!

Great video! Thanks for

Great video! Thanks for keeping us updated!

BARNEY FRANK IS A SODOMITE -

BARNEY FRANK IS A SODOMITE - HE SHOULD NEVER HAVE CHAIRED THE END THE I MEAN AUDIT THE FED QUESTIONING OF THE FED HEARING IN THE 1ST PLACE - RON PAUL WILL NOT STAND UP WITH A BALL SACK AND SAY 'HOMOSEXUALITY IS BAD' BUT DEFENDS IT SAYING IT EXISTS IN NATURE AND WITH SOME FUZZY LOGIC IT THEN BECOMES OK FOR GAYS TO DO THEIR THING ...

SO YOU GOT A HOME, BARNEY , AND A HOMO-DEFENDER, PAUL, BOTH BACKING THIS AUDIT THE FED BILL ... DID YOU THINK ANYTHING GOOD WOULD COME OUT OF THIS ?

PUT THAT IN YOUR HATE CRIMES BILL PIPE AND SMOKE IT , NANCY PELOSI MAY MIX SOME MEDICINAL MARIJUANA WITH THE HATE CRIMES BILL AND HEALTHCARE BILL AND SHE WILL BE SMOKING A LONG TIME WITH ALL THOSE REAMS OF PAPER ....

"so you got a HOMO, which is

"so you got a HOMO, which is Barney, and a homo-defender, which is Ron Paul....."

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