HR 1207 UPDATES "The Federal Reserve Transparency Act"

peaceandlove · 03-05-2009, 11:56 PM

The Fed's Iron Shroud of Secrecy

Posted by Anthony Gregory on 03/05/09 1:52 PM

In response to a Bloomberg News lawsuit (See Post #8), "The Fed [has] refused. . . to disclose the names of the borrowers and the loans, alleging that it would cast 'a stigma' on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral."

For too long, the Fed has enjoyed the monopoly privileges that only big government can provide while demanding private sector levels secrecy and independence from government inquiry -- and then some. What a timely occasion for Ron Paul's Audit the Fed bill (See Post #3).

Source: http://www.campaignforliberty.com/bl...ew=12616&cpg=1

peaceandlove · 03-12-2009, 10:59 PM

The Federal Reserve Transparency Act, Congressman Paul's bill to audit the Fed, is now up to 28 co-sponsors!

Source: http://www.campaignforliberty.com/bl...cpg=1#comments Many interesting comments at bottom of page.

Rep Abercrombie, Neil [HI-1]
Rep Alexander, Rodney [LA-5]
Rep Bachmann, Michele [MN-6]
Rep Bartlett, Roscoe G. [MD-6]
Rep Broun, Paul C. [GA-10]
Rep Burton, Dan [IN-5]
Rep Chaffetz, Jason [UT-3]
Rep DeFazio, Peter A. [OR-4]
Rep Duncan, John J., Jr. [TN-2]
Rep Foxx, Virginia [NC-5]
Rep Garrett, Scott [NJ-5]
Rep Grayson, Alan [FL-8]
Rep Heller, Dean [NV-2]
Rep Jones, Walter B., Jr. [NC-3]
Rep Kagen, Steve [WI-8]
Rep Kingston, Jack [GA-1]
Rep Marchant, Kenny [TX-24]
Rep McClintock, Tom [CA-4]
Rep Petri, Thomas E. [WI-6]
Rep Poe, Ted [TX-2]
Rep Posey, Bill [FL-15]
Rep Price, Tom [GA-6]
Rep Rehberg, Denny [MT]
Rep Rohrabacher, Dana [CA-46]
Rep Stearns, Cliff [FL-6]
Rep Taylor, Gene [MS-4]
Rep Woolsey, Lynn C. [CA-6]
Rep Young, Don [AK]

If you don't see your rep on this list, contact him/her today and urge them to support the bill! Contact information: http://www.congress.org/congressorg/dbq/officials/

peaceandlove · 03-22-2009, 02:09 AM

Ron Paul’s bill to audit the Federal Reserve now has 33 co-sponsors

RonPaul.com | Mar. 19, 2009

Ron Paul’s bill to audit the Federal Reserve continues to gain momentum. H.R. 1207 now has 33 co-sponsors (as of 3/19/2009)!

If you too would like to see Ben Bernanke squirm and finally discover what the Fed has been up to behind the scenes, call and write your representative and ask that they support the “Federal Reserve Transparency Act H.R. 1207″.

Capitol Switchboard: (202) 224-3121

Here’s a sample letter you can use:

Dear Representative,

Please co-sponsor and/or support H.R.1207, an effort to audit the Federal Reserve.

Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going.

Currently there are 33 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going.

Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it.

Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure.

Sincerely,

Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business.

Source: http://truthalliance.net/Archive/tab...osponsors.aspx

alyscat · 03-22-2009, 03:14 AM

Thanks for this - and thanks for the specific help in determining who to call (the capital switchboard) . I wish we had the same kind of help in notifying our senators for the organic farming bill.
alys

peaceandlove · 03-23-2009, 04:44 AM

Quote:

Originally Posted by alyscat

Thanks for this - and thanks for the specific help in determining who to call (the capital switchboard) . I wish we had the same kind of help in notifying our senators for the organic farming bill.
alys

Your welcome alys.

Here's some more good news!

HR 1207 Co-sponsorship Skyrockets: Companion Bill in Senate

Source: http://www.campaignforliberty.com/

Ron Paul's "Federal Reserve Transparency Act" to audit the Federal Reserve is now up to 39 co-sponsors the House, and an identical companion bill, S604 http://thomas.loc.gov/cgi-bin/query/z?c111:S.604:, has been introduced in the Senate.

Here are the House co-sponsors:

Young (R-AK), McClintock (R-CA), Woolsey (D-CA), Rohrabacher (R-CA), Castle (R-DE), Stearns (R-FL), Grayson (D-FL), Buchanan (R-FL), Posey (R-FL), Kingston (R-GA), Price (R-GA), Broun (R-GA), Abercrombie (D-HI), Burton (R-IN), Fleming (R-LA), Alexander (R-LA), Bartlett (R-MD), McCotter (R-MI), Bachmann (R-MN), Peterson (D-MN), Akin (R-MO), Taylor (D-MS), Rehberg (R-MT), Jones (R-NC), Foxx (R-NC), Garrett (R-NJ), Heller (R-NV), DeFazio (D-OR), Platts (R-PA), Duncan (R-TN), Wamp (R-TN), Blackburn (R-TN), Poe (R-TX), Paul (R-TX), Marchant (R-TX), Burgess (R-TX), Chaffetz (R-UT), Petri (R-WI), Kagen (D-WI), Lummis (R-WY)

32 Republicans and 7 Democrats so far.

Urge your Representative to co-sponsor:
Petition: http://www.campaignforliberty.com/ca...uditthefed.php

Tell your Congressman to co-sponsor Ron Paul's
Audit the Fed bill. Sign the petition:

Submit the information below to sign the petition and join the Campaign For Liberty. Copies will be sent to your Representative in Congress:

See same link: http://www.campaignforliberty.com/ca...uditthefed.php

These people deserve a thank you and applause

Stargazer1965 · 06-26-2009, 05:00 PM

Quote:

Originally Posted by peaceandlove

The Fed's Iron Shroud of Secrecy

Posted by Anthony Gregory on 03/05/09 1:52 PM

In response to a Bloomberg News lawsuit (See Post #8), "The Fed [has] refused. . . to disclose the names of the borrowers and the loans, alleging that it would cast 'a stigma' on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral."

For too long, the Fed has enjoyed the monopoly privileges that only big government can provide while demanding private sector levels secrecy and independence from government inquiry -- and then some. What a timely occasion for Ron Paul's Audit the Fed bill (See Post #3).

Source: http://www.campaignforliberty.com/bl...ew=12616&cpg=1

I won't hold it against them....Will you guys?

peaceandlove · 06-28-2009, 06:48 PM

He He Stargazer

Ron Paul talks with U.S. News and World Report

Posted by Andrew Ward on 06/26/09 12:11 PM

On Wednesday, Matthew Bandyk sat down with Congressman Ron Paul to talk about the Federal Reserve's role in fostering the financial crisis.

Exclusive Conversation With Ron Paul: The Future Of The Federal Reserve

President Obama's financial regulatory plan has created controversy over the role of the Federal Reserve in our economy like rarely before. The person in Congress with perhaps the most unconventional point of view on these issues in American politics is Congressman and former presidential candidate Ron Paul (R-TX), a longtime critic of the very institution of the Fed and fractional reserve banking. He has recently sponsored a bill that would audit the Fed, which has attracted co-sponsors such as Dennis Kucinich (D-OH).

Read the rest here.

http://www.usnews.com/blogs/capital-...l-reserve.html

SOURCE: http://www.campaignforliberty.com/blog.php?view=20722

I just ran across this interview again earlier today and it continues to ring true. It's such a great 5 minutes.

Ron Paul on Coast to Coast

"I'm a very strong self-critic and I always look at my flaws." Ron Paul

Video (5:23):
Comment from youtube viewer Drg0nzo1:

Ron Paul is just too honest and blunt for Americans. We are a very sensitive bunch of people in all actuality. We tend to dislike people, and even feel insulted when they point out problems with our country. Especially if our "party" is currently holding office.

The truth isn't always a fun thing to hear, but i would rather hear the devastating truth of our current situation than a bunch of feel good BS.

peaceandlove · 06-29-2009, 01:54 AM

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 · 06-29-2009, 02:42 AM

Quote:

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 · 06-30-2009, 05:17 PM

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.

Quote:

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

Quote:

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 · 07-05-2009, 02:38 PM

"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:

Quote:

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 · 07-07-2009, 09:41 AM

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

03-05-2009, 11:56 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	The Fed's Iron Shroud of Secrecy The Fed's Iron Shroud of Secrecy Posted by Anthony Gregory on 03/05/09 1:52 PM In response to a Bloomberg News lawsuit (See Post #8), "The Fed [has] refused. . . to disclose the names of the borrowers and the loans, alleging that it would cast 'a stigma' on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral." For too long, the Fed has enjoyed the monopoly privileges that only big government can provide while demanding private sector levels secrecy and independence from government inquiry -- and then some. What a timely occasion for Ron Paul's Audit the Fed bill (See Post #3). Source: http://www.campaignforliberty.com/bl...ew=12616&cpg=1

03-12-2009, 10:59 PM	#2
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	UPDATE: HR 1207 INTRODUCED "The Federal Reserve Transparency Act" The Federal Reserve Transparency Act, Congressman Paul's bill to audit the Fed, is now up to 28 co-sponsors! Source: http://www.campaignforliberty.com/bl...cpg=1#comments Many interesting comments at bottom of page. Rep Abercrombie, Neil [HI-1] Rep Alexander, Rodney [LA-5] Rep Bachmann, Michele [MN-6] Rep Bartlett, Roscoe G. [MD-6] Rep Broun, Paul C. [GA-10] Rep Burton, Dan [IN-5] Rep Chaffetz, Jason [UT-3] Rep DeFazio, Peter A. [OR-4] Rep Duncan, John J., Jr. [TN-2] Rep Foxx, Virginia [NC-5] Rep Garrett, Scott [NJ-5] Rep Grayson, Alan [FL-8] Rep Heller, Dean [NV-2] Rep Jones, Walter B., Jr. [NC-3] Rep Kagen, Steve [WI-8] Rep Kingston, Jack [GA-1] Rep Marchant, Kenny [TX-24] Rep McClintock, Tom [CA-4] Rep Petri, Thomas E. [WI-6] Rep Poe, Ted [TX-2] Rep Posey, Bill [FL-15] Rep Price, Tom [GA-6] Rep Rehberg, Denny [MT] Rep Rohrabacher, Dana [CA-46] Rep Stearns, Cliff [FL-6] Rep Taylor, Gene [MS-4] Rep Woolsey, Lynn C. [CA-6] Rep Young, Don [AK] If you don't see your rep on this list, contact him/her today and urge them to support the bill! Contact information: http://www.congress.org/congressorg/dbq/officials/ Last edited by peaceandlove; 03-22-2009 at 02:09 AM.

03-22-2009, 03:14 AM	#4
alyscat Avalon Senior Member Join Date: Sep 2008 Location: Washington state Posts: 743	Re: HR 1207 INTRODUCED "The Federal Reserve Transparency Act" Thanks for this - and thanks for the specific help in determining who to call (the capital switchboard) . I wish we had the same kind of help in notifying our senators for the organic farming bill. alys

06-28-2009, 06:48 PM	#7
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: HR 1207 INTRODUCED "The Federal Reserve Transparency Act" He He Stargazer Ron Paul talks with U.S. News and World Report Posted by Andrew Ward on 06/26/09 12:11 PM On Wednesday, Matthew Bandyk sat down with Congressman Ron Paul to talk about the Federal Reserve's role in fostering the financial crisis. Exclusive Conversation With Ron Paul: The Future Of The Federal Reserve President Obama's financial regulatory plan has created controversy over the role of the Federal Reserve in our economy like rarely before. The person in Congress with perhaps the most unconventional point of view on these issues in American politics is Congressman and former presidential candidate Ron Paul (R-TX), a longtime critic of the very institution of the Fed and fractional reserve banking. He has recently sponsored a bill that would audit the Fed, which has attracted co-sponsors such as Dennis Kucinich (D-OH). Read the rest here. http://www.usnews.com/blogs/capital-...l-reserve.html SOURCE: http://www.campaignforliberty.com/blog.php?view=20722 I just ran across this interview again earlier today and it continues to ring true. It's such a great 5 minutes. Ron Paul on Coast to Coast "I'm a very strong self-critic and I always look at my flaws." Ron Paul Video (5:23): Comment from youtube viewer Drg0nzo1: Ron Paul is just too honest and blunt for Americans. We are a very sensitive bunch of people in all actuality. We tend to dislike people, and even feel insulted when they point out problems with our country. Especially if our "party" is currently holding office. The truth isn't always a fun thing to hear, but i would rather hear the devastating truth of our current situation than a bunch of feel good BS. Last edited by peaceandlove; 07-05-2009 at 03:34 PM.

07-07-2009, 09:41 AM	#12
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: HR 1207 INTRODUCED "The Federal Reserve Transparency Act" 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 Last edited by peaceandlove; 07-07-2009 at 09:44 AM.

03-22-2009, 02:09 AM	#3
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Ron Paul’s bill to audit the Federal Reserve now has 33 co-sponsors Ron Paul’s bill to audit the Federal Reserve now has 33 co-sponsors RonPaul.com \| Mar. 19, 2009 Ron Paul’s bill to audit the Federal Reserve continues to gain momentum. H.R. 1207 now has 33 co-sponsors (as of 3/19/2009)! If you too would like to see Ben Bernanke squirm and finally discover what the Fed has been up to behind the scenes, call and write your representative and ask that they support the “Federal Reserve Transparency Act H.R. 1207″. Capitol Switchboard: (202) 224-3121 Here’s a sample letter you can use: Dear Representative, Please co-sponsor and/or support H.R.1207, an effort to audit the Federal Reserve. Recently, it has come to light that there is little to no accountability to the people on the part of the Federal Reserve. While the citizens of this country are required by law to give an accounting of every penny they come in contact with, the Federal Reserve has never been held to the same standard. During this time of extreme economic crisis, the people deserve an accounting of where our money is going. Currently there are 33 co-sponsors for this legislation, and it is enjoying bi-partisan support. Your efforts in supporting this important legislation would go a long way in proving to your constituents that you not only hold the Federal Reserve to the same standard as you do your constituents, but it would also show that you believe in transparency. Anything less than support for this resolution suggests that you are in favor of secrecy and a lack of accountability to the people who pay the bills. We pay the tab; we have a right to know where our money is going. Unlike recent bills that you voted in favor of that had hundreds of pages and just a few hours to read, this bill can be read in under 5 minutes. I encourage you to take the time to read it, and then move to support it. Thank you in advance for your attention on this important legislation. I have every expectation that you will do right by your constituents and support this measure. Sincerely, Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business. Source: http://truthalliance.net/Archive/tab...osponsors.aspx

06-29-2009, 01:54 AM	#8
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: HR 1207 INTRODUCED "The Federal Reserve Transparency Act" 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 Last edited by peaceandlove; 06-29-2009 at 02:54 AM.