URGENT HR 1207 Update: Is Victory At Hand?

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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?

***************************************

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

Daily Paul Call-a-Thon

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.

Good news about VICTORY ! I

Good news about VICTORY ! I see that this was popular in Digg Also
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This is amazing

This is amazing :)
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Cool and sleek style for 1207

Cool and sleek style for 1207 victory at hand!

If I were "Grayson" my first

If I were "Grayson" my first questions would be:Do you Mr Ben agree with the way the "Fed" came into existence?
Do you Mr Alvarez agree with the method use to secure the necessary majority of votes needed to make the "Fed" law?.
I think these two questions,and others along to same line would have put the "Fed" back on their heels....and then we push them down..No "Rope A Dope".
...................
Most,if not all trees are cut down from the bottom,but! in the case of the US GOV tree we must start trimming at the top,down to the roots..and then "Re-Fertilize".

WE DO NOT NEED TO BE SHUT OFF

WE DO NOT NEED TO BE SHUT OFF LIKE THIS!

THE FEDERAL RESERVE SHOULD NOT HIDE ITS SECRETS FROM US AND CAUSE ECONOMY RUIN. HOW MANY OF US ARE SICK OF THE THINGS THAT KEEP COMING IN ALL THE TIME?

IT IS SICK AND HORRIBLY VILE TO FOR THEM TO PULL THIS SCHEME AND IF IT CONTINUES, THEN WHAT? WHAT HAPPENS THEN?

We can act and think about what we could do.

i just hope what happened to

i just hope what happened to Dennis Kechenic when he first tried this doesnt happen tomorrow morning for Ron Paul .. it has gained much steam since then, but they're going up against hundreds of years of bankers which is not daunting, vexing and a nearly insurmountable task requiring many multitudes of intestinal fortitude !!

Hey , I just came across this

Hey , I just came across this .. how does this play into the equation ?

Date: 9/21/2009 10:22:56 PM

Subject: Federal Reserve Rejects Request for Public Review

"The gap between future US receipts and future US government obligations now totals $65.9 trillion, a sum that is impossible for the US to reconcile, which means the US is now technically bankrupt." - St. Louis Federal Reserve Review, July/August issue 2006

DEFEND FREEDOM!!

http://rawstory.com/blog/2009/09/fed-rejects-geithner-request-for-public...

Federal Reserve rejects request for public review

The institution which creates and oversees America's currency wants to keep a "low profile," according to a published report on Monday, and may willing to dodge the U.S. Treasury in order to do so.

According to Bloomberg News, the Federal Reserve Bank will not submit to a voluntary public study of its internal structure and methods of governance, as it was requested to do so by Treasury Secretary Timothy Geithner.

Geithner is the former New York Federal Reserve Bank chairman. The review he requested is part of President Barack Obama's financial regulatory reforms, which he proposed in mid-June. Part of those reforms would have studied the Fed's "ability to accomplish its existing and proposed functions" -- a proposal the bank's board of governors appears to have flatly rejected.

"The agency also said that while the report requested by Secretary Geithner and his department has not yet been scrapped, no work has been done on the project, which is due Oct 1," noted Reuters.

"The institution is trying to keep a low profile," Vincent Reinhart, a former Fed monetary policy director, told Bloomberg. "To publish a report now invites comment on that report."

And comments are the last thing the Fed wants right now.

Under fire

The Federal Reserve has been under growing political fire ever since Congressman Ron Paul (R-TX) made it a frequent target during his presidential campaign. However, Paul has been a longtime opponent of the bank, openly calling for it to be abolished and the U.S. dollar to once again be backed by gold, instead of mere faith.

"From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy," Paul said in 2002, according to congressional records. "The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts."

His bill, House Resolution 1207, which would subject the Fed to a complete audit, has gained significant traction in the U.S. House of Representatives, with over half its members signing on in support of the move. Though mostly Republicans, a large cross-section of Democrats reached across the aisle to support the bill, and Rep. Barney Frank (D-MA), who chairs the House Financial Services Committee, recently told a town hall audience that the Fed will be subjected to a complete audit soon. He predicted the House will pass Paul's bill -- or an amalgam of it, wrapped with other regulatory reforms -- "probably in October."

"A companion bill in the Senate introduced by Sen. Bernie Sanders (I-Vt.) has 27 cosponsors," noted The Hill.

The Fed has also come under fire for refusing to disclose which firms it paid massive bailouts to in 2008 and early 2009, amid the greatest financial crisis since the Great Depression. A particular amount of interest among lawmakers has focused on the Bank of American - Merrill Lynch & Co. merger, which the Fed facilitated.

The House Domestic Policy Subcommittee, under the leadership of Congressman Dennis Kucinich (D-OH), subpoenaed the Fed in June for records relating to the transaction. New York Attorney-General Andrew Cuomo has claimed that, in 2008, then-Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke strong-armed BofA into buying Merrill -- a move that, if true, could expose Paulson and Bernanke to prosecution. That investigation is under way.

Fed Chairman Ben Bernanke "has vehemently opposed the idea [of an audit], asserting that it would lead to the politicization of monetary policy by giving Congress an easy way to second-guess any decision the Fed makes," noted The Los Angeles Times in late August.

That specific argument -- that the monetary system is endangered by closer observation of Fed actions -- was discounted by Judge Loretta Preska of the Manhattan U.S. District Court, in a ruling that ordered the Fed to disclose which firms received bailout dollars.

While the Fed argued that disclosing who was bailed out on the taxpayer's dime could be detrimental to the agency's independence from Congress, Judge Preska wrote that the claim was based merely on "conjecture" and the court remained unconvinced because the Fed had failed to provide adequate evidence to substantiate its claims.

"[The] risk of looking weak to competitors and shareholders is an inherent risk of market participation; information tending to increase that risk does not make the information privileged or confidential," she wrote.

-- Stephen C. Webster

This entry was posted on Monday, September 21st, 2009 at 2:51 pm and is filed under Uncategorized. You can follow

Do You know by filing Your

Do You know by filing Your taxes, If you fill out a 1040 or 1040EZ form you waive Your 5th. Ammendment Rights, and the IRS can then incriminate you as a criminal, and lock you up.

Sorry forgot to mention this in my last post...

you might experience a call

you might experience a call like after receiving all the hate letters from the IRS ...

http://www.youtube.com/watch?v=pQbqDPoHHkE

and if you dont file one of

and if you dont file one of those, you get a bunch of nasty letters with an ever increasing amount owed with incredible interests rates, incredible penalties and probably eventually a visit by the goon squad -- i personally dont like the goon squad -- Joe Bannister , was once a member of said squad and revolted -- --- so it's catch 22 ?

I urge everyone to stop

I urge everyone to stop paying the illegal IRS Fraudelent TAX, it is part of the Federal Reserve Bullshit that was ratified after or during 1913 when the Federal Reserve voted to SCREW THE PEOPLE!

Did You know that Your Employers cannot ask you for your social security #'s , nor can they tax you in anyway unless you Authorize it.

Think about it when was it that the irs or your employers have asked you in written request or verbal, if it was okay to Tax You at any point in time?

Don't Believe Me, Read The Constitution!

Why is it that illegals don't pay any tax whatsoever, and We The People have to flip All the Bills for any illegals in The United States?.

Indeed about the IRS. I do

Indeed about the IRS. I do not remember signing a written agreement at all since I was a teenager starting to work. In additiion to, you can ask questions if you have to pay income tax to the IRS. If they refuse to answer your questions and disconnect your call (while you were being nice and respectful), keep track of that and use it as your "claim of right" of not continuing or reducing your business with them.

http://www.youtube.com/watch?

http://www.youtube.com/watch?

http://www.youtube.com/watch?

(No subject)

http://www.youtube.com/watch?

Public awareness of this

Public awareness of this won't matter. Most people are ignorant of how well established things work let alone something like the FR. The worst thing that could happen would be people realizing that since the repeal of the gold standard money is WORTHLESS. Imagine the chaos that would insue if everyone knew the truth. This is one of those rare instances where the (common) ignorance is a good thing for society.

Seriously? Common ignorance

Seriously? Common ignorance is good for the people?

Ignorance is what got us into this mess, an informed public is the only weapon we have against the tyranny that has befallen us.

That and the 2nd Amendment, but let's hope it doesn't come to that.

This has been a long time

This has been a long time awaiting. The Federal Reserve is first unconstitutional. Second has been abusing its control over monitory policy since its conception. It is time to audit and do away with the Fed. Go back to gold and silver backed currency.

CHECK

following steps on ron pauls

following steps on ron pauls page, emailing my congressman, and senators

Hi Shelley, I loved this

Hi Shelley, I loved this video. Take a look at www.politicsdmz.ning.com. It is a political website. We have 177 members. I would love for you to join and post this video.

the feds unregulated spending

the feds unregulated spending is a great american catastrophe, however, although i could be wrong, much of the feds unprecedented spending was voted on in congress. an audit of the fed will more than likely ultimately lead to its demise, but what then will the new banking system be maintained by? congress? certainly were all well aware of how easily our representatives are manipulated... corporate bailouts, stimulus packages, DEFENSE SPENDING, the deterioration of our civil liberties. so i beg to ask, who then could be trusted? what does Ron Paul suggest? also, if the bank were to nationalize, couldnt the state then theoretically seize control of all property and production? i mention this because this is exactly what had happened in Nazi Germany.

an audit of the fed will call for serious reform. whether it be smaller banks or globalization, the wealth of these monopolies doesnt just disappear.

as grave as the issue is, it still shouldnt be our primary concern, our government has been hijacked (1 million + people standing in front of the white house... brilliant country we have, lemme tell you.) and were also at the perpetual mercy of domestic (not so domestic) threats that neither the government, nor the media or even the citizens will dare to acknowledge. its critical for Americans to understand that the authors of "pnac" which brought the wmd lies to the public, also authored "a clean break" and also sat at the highest echelons of our pentagon, were also part of Bush's "Office of Special Plans" and theyve all been caught spying for aipac at one time or another. to say that this is a very serious matter that needs to be dealt with immediately would be an understatement.

"I am not worried about the deficit. It is big enough to take care of itself."
-Ronald Reagan.

the dollar will always be a staple of the worlds currencies as long as it exists.

Alex, as bad as Congress is

Alex, as bad as Congress is (and they are indeed bad) they are at least more transparent than the Federal Reserve. We don't know HOW bad it is in there yet. And I think Americans are more awake now and are starting to pay attention to Congress and demand answers/accountability.

This is a good thing, and in my mind, just a beginning.

so wouldnt you then agree

so wouldnt you then agree that restoring the republic should be our priority? this isnt just a bill on transparency, there are serious repercussions that would be a consequence of this bill.
the examples i can give are limitless, but this one here will paint a vivid picture of what exactly were dealing with.
http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm...

it really shouldnt come to a surprise if this bill passes, though im not taking into account the inherent stupidity of these people.

Yes we must pay for our

Yes we must pay for our consequences. Even though we did not create the FED we allowed it to happen for 100 years so we are at fault also. Not being accountable is what got us in this situation with the economy. It is time to start taking accountability. Yes when we audit the FED bad things will happen at first. We will put people in jail that were in power our economy will get worse but after all the lies and corruption is dealt with we will have a new beginning. We can start to use Gold and Silver again and become an honest accountable U.S. again.

the house of cards must fall

the house of cards must fall -FALL IT WILL - 96 YEARS OF BS WAS MORE THAN ENOUGH --- YOU CAN FOOL SOME OF THE PEOPLE FOR A LONG TIME BUT YOU CANT FOOL ALL THE PEOPLE FOREVER !!!

This won't matter as there

This won't matter as there may not be a fed soon. Rumor is that the Fed and 3 other agencies will combine into a super-agency. AUDIT the SUPER-AGENCY!

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