http://www.wnd.com/index.php?fa=PAGE.view&pageId=110011

U.S. House hearings are scheduled to start a week from now on a proposal from U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve, which oversees U.S. monetary policy, and the congressman believes the plan actually could become law this time.

Paul, who has sponsored similar legislation on and off since the 1980s, during this Congress for the first time is seeing significant support for the idea of looking into the actions of the decision-makers who set interest rates
and take myriad other actions that affect Americans' financial well-being.

The Federal Reserve, an independent organization apart from the U.S. government
, largely has operated behind a veil of secrecy for decades, but Paul told WND today that its operations could be about to face the light of day.




WND Exclusive
Ron Paul's Fed audit has majority support
'There's going to be a lot of hollering and screaming before this is over'
Posted: September 16, 2009
8:39 pm Eastern

By Bob Unruh
© 2009 WorldNetDaily


Federal Reserve

U.S. House hearings are scheduled to start a week from now on a proposal from U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve, which oversees U.S. monetary policy, and the congressman believes the plan actually could become law this time.

Paul, who has sponsored similar legislation on and off since the 1980s, during this Congress for the first time is seeing significant support for the idea of looking into the actions of the decision-makers who set interest rates
and take myriad other actions that affect Americans' financial well-being.

The Federal Reserve, an independent organization apart from the U.S. government
, largely has operated behind a veil of secrecy for decades, but Paul told WND today that its operations could be about to face the light of day.

(Story continues below)




"We have 289 cosponsors for the bill, including 111 Democrats and all of the Republicans, so we're doing well," he told WND. "It's been referred to the financial services committee, and [Chairman Rep.] Barney Frank said he's willing to move it along."

Frank was the one who scheduled hearings on the proposal to start Sept. 25.

According to a schedule posted on the website of the committee, "Oversight and Audit Issues at the Federal Reserve" will be discussed on that day.

Paul long has been a critic of the secrecy of the Federal Reserve.

You've never needed to understand money like you need to understand it now! "Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free" unravels the deception of the Federal Reserve and presents a crystal clear picture of the financial abyss towards which we are heading.

"Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar," he said earlier. "Since 1913, the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserve's loose monetary policy."

He said the recent economic circumstances are helping generate support, and there are a multitude of questions that eventually could be answered.

For example, who made the decision to help Goldman Sachs and let Lehman Brothers fail? Was there a personal agenda? Who decided how much money to give General Motors? What about the money deals the Federal Reserve cuts with other nations? Who are the beneficiaries?

The Fed has "more money than Congress," Paul said, citing the need to uncover the "international shenanigans, deals with other central banks, as well as financial institutions and corporations."

"There's going to be a lot of yelling and screaming before this is over," he said.

"In the last year, I am sure they have been very much involved in the gold market," he said.

Demand the money managers come clean by signing the petition in support of an audit of the Federal Reserve now!

Federal Reserve officials, meanwhile, are "fighting tooth and nail" against releasing any information sought under several lawsuits already in the court systems, he said.

WND recently reported that the Fed, despite being ordered to disclose to whom it awarded some $2 trillion in discount "stimulus" loans, continues its fight for secrecy.

When a U.S. district court judge rejected the Fed's argument that the names of borrowers are exempt from disclosure under the Freedom of Information Act and ordered the board to release the information, the board appealed.

Revealing that information, the secret organization argued, could lead to a backlash from bank customers and stockholders.

"What has the Fed got to hide?" asked Vermont Sen. Bernie Sanders in an e-mail about the case. "The time has come for the Fed to stop stonewalling and hand this information over to the public."

"They don't want anybody to bother them. I don't think they want us to know," Paul told WND.

"To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have," Paul wrote in a recent Straight Talk commentary. "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."

Frank only weeks ago told Fox News that the Fed probably is heading for "a complete audit."

He said the bill would reveal to the public what the organization buys or sells.

Paul said his legislation, because of its majority support, could be brought up as a separate plan but then might have more hurdles in the Senate and could even face a veto from President Obama.

He said a more logical scenario is including it in a package of proposals now being developed to correct problems revealed in the recent economic downturn that would include a variety of other consumer protections.

Views: 34

Reply to This

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Less Prone commented on Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
"Perfect for destroying the supply chain. It could well have been intentional."
8 hours ago
Less Prone favorited Doc Vega's blog post Was Sabotage or Terrorism used in the Collapse of the Francis Scott Key Bridge?
8 hours ago
Doc Vega posted blog posts
10 hours ago
rlionhearted_3 posted photos
13 hours ago
rlionhearted_3 favorited Doc Vega's photo
13 hours ago
tjdavis posted a video

Alabama’s Biggest Secret - Operation Paperclip 🇺🇸

In the north of Alabama is the city of Huntsville. It's here where German scientists built NASA in secrecy after World War II. Operation Paperclip is still s...
16 hours ago
tjdavis posted a photo
18 hours ago
Doc Vega commented on Doc Vega's blog post Americans You’re Being Squeezed Out!
"Cheeki kea always nice to her you chime in and you're damn right! "
yesterday
Doc Vega commented on Doc Vega's blog post Americans You’re Being Squeezed Out!
"Les Prone thanks for your support Dude! "
yesterday
Doc Vega posted a photo

The inconvenient truth

Trump spells it out!
yesterday
Sandy posted a photo
Wednesday
Less Prone favorited Doc Vega's blog post What Made the Founding Fathers of America so Brilliant?
Tuesday
Less Prone commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Motives of Joe, to shit in the well by showing totally irrelevant proof?"
Tuesday
Doc Vega commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Less, Motives of Wyatt or Joe? What archeologist wouldn't want proof of Jesus as part of his…"
Tuesday
Doc Vega commented on Doc Vega's blog post Why didn't the Archeological World Announce Proof that Jesus Lived?
"Less Prone, Considering Joe Rogan to be the gatekeeper of anything is just short of ridiculous the…"
Tuesday
Doc Vega posted a blog post
Tuesday
MAC posted a video

Don't Go To Hong Kong Now (Even on Connecting Flights)

Secure your privacy with Surfshark! Enter coupon code laowhy86 for an extra 3 months free at https://Surfshark.deals/laowhy86Article 23 in Hong Kong is real,...
Tuesday
cheeki kea commented on cheeki kea's video
Thumbnail

Terrorist Attack on Moscow - Ukraine Committing Suicide? | Larry C. Johnson

"...And I guess I'll just park this you tube here also for something to ponder from last year.…"
Tuesday
tjdavis posted photos
Tuesday
Less Prone posted a video

Climate: The Movie (The Cold Truth) NL

Deze nieuwe documentaire van de Britse filmmaker Martin Durkin toont aan dat klimaatalarm een verzonnen doembeeld is zonder enige wetenschappelijke basis. He...
Monday

© 2024   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted