Watch the hearing LIVE NOW
Grayson up
Q: Has the fed ever tried to manipulate the stock market
A: no
Q: Is it within the FEDs legal authority to manipulate stock market?
A: They try to influence interest rates
Q: Wouldn't we want to know this?
A: It does make announcements...
Q: Wouldn't we want to know if it manipulates STOCK MARKETS. Does the FED actually own all the gold on it's balance sheet?
A: Yes
Q: So if I ask GAO to audit that you don't object?
A: No
Q: Who executes trades for fed reserve?
A: Fed of NY..through primary dealers
Q: who?
A: J.P. Morgan...
Q: Can we audit that?
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TAKE ACTION!
We need to let Congress know (repeatedly) how we feel about this. Perhaps even more important, we need to recruit new members to the cause. As always, there's power in numbers, and the more of us making a ruckus, the faster we'll get this done.
Please leave a comment below to let us know what you've been doing, and how it's working out
If you're doing something that's having a big impact, we'll add it to our list and send reinforcements your way!
Check out these projects and ideas:
CONTACT YOUR REPS
Call, write letters & email your reps. Schedule face to face meetings with them to politely explain your concerns, and emphasize that this is an opportunity for them to show whether their allegiance is to their constituents or to their friends at the fed. And, of course, if they make the wrong choice, they're OUT!
JOIN ONE OF THESE COORDINATED EFFORTS:
The official Audit the Fed Campaign from Campaign for Liberty
DownsizeDC.org's campaign to Audit the Fed
Projects at the End the Fed network
DO YOUR OWN THING:
Contact your reps
OUTREACH
Submit letters to your local newspapers geared toward introducing regular people to what's happening with the Fed, and why we need to demand an audit and prevent it from getting additional power
Talk to people about what's going on, and start up conversations wherever you go - I wear my End the Fed shirts everywhere, and people always ask me about them (or give me high fives).
If you are part of a business or networking group, bring them up to speed on the issues. Check out ByteStyle partner Small Business Against Big Government (SBABG) for information and efforts relevant for entrepreneurs and small business owners. They have a big group on Facebook here
RESOURCES
HR 1207 will be heard the full House Financial Services Committee this Friday. Click "Who We Are" on this page to see all the members:
http://financialservices.house.gov/
(thanks to happyRancher for the link)
Senators on the Banking Committee (our most critical call-a-thon targets for S 604):
http://www.opencongress.org/committee/show/146_senate_banking_housing_an...
Downsize DC's tool to contact your reps:
http://www.downsizedc.org/etp/campaigns/112
List of all senators & contact information:
http://senate.gov/general/contact_information/senators_cfm.cfm
Another great video about the Fed:
http://www.youtube.com/watch?v=zpbW64vRrMc
"To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have. They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability. Thus the loudest arguments against greater transparency are likely to come from those friends, and understandably so."
- Ron Paul
More on the plan to give the Fed more power:
http://www.washingtontimes.com/news/2009/jun/16/plan-gives-fed-sweeping-...
http://www.campaignforliberty.com/blog.php?view=20147
Fed Would Be Shut Down If It Were Audited, Expert Says:
http://www.cnbc.com//id/31204170
Click the link at the bottom of this post to send it to a friend
We need numbers - it doesn't matter where you fall on the political spectrum, this behavior is an affront to America, and it must not be tolerated.
