Battle Won - The War Continues! DeMint Blocks Bernanke for Vote on Audit the Fed

December 3, 2009

Dear C4L Member,

C4L staffers have been working very closely with Senator Jim DeMint’s office in recent days to advance Audit the Fed (S. 604) in the Senate.

Keep reading for more details on how your immediate action could help make this vote possible.

Just a little while ago, it was announced that Senator DeMint, who is the lead Senate cosponsor of Audit the Fed, has put a “hold” on Bernanke’s confirmation for a second term as Federal Reserve chairman until S. 604 receives an up or down vote on the Senate floor.

While Ben Bernanke was handed a few softball questions from establishment politicians during today’s Senate Banking Committee hearing on his nomination, he also faced serious grilling from senators who are tired of his evasive answers and secretive practices.

DeMint is joined by Senator Jim Bunning and S. 604 sponsor Senator Bernie Sanders in pledging to block action on Bernanke’s reconfirmation.

According to DeMint, "Mr. Bernanke has been one of the chief proponents of the Fed's easy money policy that created the current financial crisis. He ignored asset bubbles, dismissed concerns about the weakness of the dollar, and helped
encourage the credit mania that led to the financial panic. Even worse, Mr. Bernanke has refused to accept any responsibility for his role in these actions prior to financial crisis.

Read the rest of his press release and see the video here.

Ultimately, Bernanke’s reconfirmation is irrelevant to the main issue, which is bringing real transparency to the Fed.

It doesn’t matter who’s at the wheel of the car; they will still be driving a clunker.

Contact your senators today and tell them that before they consider either reconfirming Ben Bernanke or appointing a new Chairman, they must deliver the answers the American people want and deserve by giving Audit the Fed a standalone, up or down vote on the Senate floor.

And if you live in Kentucky, urge Senator Bunning to take an even stronger stand by cosponsoring S. 604.

You and I have come so far this past year in our battle to Audit the Fed. Now, we have an excellent chance of seeing S. 604 debated on the Senate floor. But we must take immediate action to turn this chance into a reality!

Contact your senators right away!

In Liberty,

John Tate

President

P.S. Audit the Fed has gotten further than ever before, but we need your help to achieve standalone votes in the House
and Senate as we seek to turn it into law! Click here to contribute to C4L today as we work to finish this fight!

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Comment by Ron Cesek on December 4, 2009 at 11:17pm: Done

Thank you for the post

Comment by Alastair Carnegie on December 4, 2009 at 11:16am: There is a slight problem (for banksters) returning to the 'Gold Standard' at current gold prices over $1000 per ounce, there is only about $6 Trillion dollars worth of gold in worldwide circulation.(about 160,000 tonnes). The banks need to keep the price of gold down, so that they can buy it at discount, To do this they must sell 'short', i.e. sell gold they don't have, in the hope it will drive the price down, which they can purchase later at discount, to settle the deal. Banks only have a small fraction of the total world deposit of gold, which has probably been hoarded for the ubiquitous 'rainy day'. People who have gold are not going to exchange it now for worthless paper! This is bound to force the price of gold up, as well as the price of other 'real-value' assets. Printing an endless supply of phoney money is guarenteed to fuel inflation. As Max Keiser eloquently put it; "our economy is on fire, and the Fed's solution is to pour gasoline over it!"....Why would they do that?...The answer must be that the Big Banks are all stacked like dominos ready to topple. If one big bank falls, it will topple nearly all the rest. Only a few banks outside of the Fed's orbit stand a chance of survival. When they threatened 'Marshal Law' if the bail-out money was not forthcoming, they were indicating the gravity of the crisis. Everybody would discover that the paper money in their pocket or bank was worthless trash.

Comment by I811st on December 4, 2009 at 10:01am: I think this is the first time that i have signed a petition, wrote a senator, or voted for something and have witnessed a difference being made.