HR 1207 UPDATES "The Federal Reserve Transparency Act"

[peaceandlove]

Bernanke Threatens if Fed is Audited

Posted by CJLKAS on 06/28/09 04:33 AM

At a recent House Oversight Committee Meeting, Fed Chairman Ben Bernanke threatened destruction of the dollar and the US economy if the Fed was audited. Notice how he calls it a "takeover" of monetary policy by Congress if HR 1207 were to pass. Someone needs to school Mr. Bernanke that, under the Constitution, monetary policy belongs to the Congress - not the Fed.

VIDEO (2:13):
SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=20822

[Seashore]

Originally Posted by peaceandlove

Bernanke Threatens if Fed is Audited

Posted by CJLKAS on 06/28/09 04:33 AM

At a recent House Oversight Committee Meeting, Fed Chairman Ben Bernanke threatened destruction of the dollar and the US economy if the Fed was audited. Notice how he calls it a "takeover" of monetary policy by Congress if HR 1207 were to pass. Someone needs to school Mr. Bernanke that, under the Constitution, monetary policy belongs to the Congress - not the Fed.

VIDEO (2:13): YouTube - Bernanke warns that meddling with Fed's monetary policy cause harm economy

SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=20822

We must not cave in to this ****.

[peaceandlove]

Ron Paul, Dr. Popular

Posted by Andrew Ward on 06/30/09 09:46 AM

Fox News' Judson Berger covers Ron Paul's successful efforts to gain bipartisan Congressional support for HR 1207, The Federal Reserve Transparency Act of 2009.

Mr. Popular? Ron Paul Wins Supporters to Fed Sunshine Bill

All of a sudden, Congress is paying close attention to Ron Paul.

The feisty congressman from Texas, whose insurgent "Ron Paul Revolution" presidential campaign rankled Republican leaders last year, now has the GOP House leadership on his side -- backing a measure that generated paltry support when he first introduced it 26 years ago.

Paul, as of Tuesday, has won 245 Co-sponsors to a bill that would require a full-fledged audit of the Federal Reserve by the end of 2010.

Read the rest here: http://www.foxnews.com/politics/2009...-fed-sunshine/

SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=20945



Audit the Fed and C4L: Gathering Steam
Posted by Andrew Ward on 06/29/09

CQ Politics' Emily Cadel covers Ron Paul and Campaign for Liberty's efforts to promote a legitimate audit of the Federal Reserve.

Ron Paul's 'Audit the Fed' Bill Gathers Steam

At the heart of Paul's anti-Fed crusade, as well as his other ventures, is the grass-roots lobbying organization Campaign for Liberty, a home base for his fervent band of presidential supporters. The organization was launched just over a year ago with cash left over from his bid for the GOP nomination. The 501(c)4 non-profit group claims a quarter-million members and says it has 20 full-time employees and coordinators in all 50 states.

Read the rest here: http://www.cqpolitics.com/wmspage.cf...s-000003155957

SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=20872

[peaceandlove]

"Ron Paul Strikes Gold"

Posted by Matt Hawes on 07/03/09 11:32 AM

Reuters reprints an article from The Big Money's Chadwick Matlin about Dr. Paul's leadership of an historic bipartisan effort to bring transparency to the Federal Reserve:

Thus we come to the audit. For Paul it's a foot in the door to a much larger goal. To the 244 co-sponsors-74 of them Democrats-it's a way to show their constituents that they're worried, too, about where taxpayer dollars are going. It's an amusing dissonance between the leader of the rebellion and his revolutionaries. The two parties are after entirely separate goals, one (transparency) vastly more achievable than the other (the end of the Federal Reserve).

This again makes Paul's coalition all the more remarkable. The distrust of the Fed has reached a point at which a majority of House members are following a radical into battle. Congress' frustration was evident last month when Bernanke got roasted in front of Congress, putting his future as Fed chairman and the health of Obama's regulatory plan in doubt....SEE POST #86 THIS PAGE (also posted by Northern Santuary under Economy and Currency)

Read the rest: (Thanks to Nancy) http://www.reuters.com/article/bigMo...90701920090702

SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=21145

[peaceandlove]

Breaking News on Audit the Fed!

Posted by Matt Hawes on 07/06/09 7:46 PM

Today, our battle to pass Audit the Fed through the U.S. Senate has been joined. The first shot was fired on the floor of the Senate tonight by Senator Jim DeMint of South Carolina.



Senator DeMint has a well-deserved reputation for taking the battle to the other side in the Senate, and tonight he once again proved why he is such a valuable ally in our fight to bring transparency and accountability to the Federal Reserve.

Occasionally, a chance comes along to take quick action on a bill, and Senator DeMint took just such an opportunity.

VIDEO (8:49) and ARTICLE continues: http://www.campaignforliberty.com/blog.php?view=21326



"U.S. Lurching Towards 'Debt Explosion'"

Posted by Matt Hawes on 07/06/09 11:19 AM

The U.K.'s Telegraph, using a study by a former Fed official, examines how U.S. interest rates may soon double (at least):

In a 2003 paper, Thomas Laubach, the US Federal Reserve's senior economist, calculated the impact on long-term interest rates of rising fiscal deficits and soaring national debt. Applying his assumptions to the recent spike in the US fiscal deficit and national debt, long-term interests rates will double from their current 3.5pc....

Read the rest. http://www.telegraph.co.uk/finance/f...to-double.html

And don't forget that today is End the Fed's "Melt the Switchboard" day for S 604! Visit http://endthefedusa.ning.com/events/...elt-the-senate for more information.

SOURCE and COMMENTS: http://www.campaignforliberty.com/bl...cpg=1#comments