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SPRINGFIELD, Va.--(BUSINESS WIRE)--Congressman Ron Paul and his son, Senator Rand Paul, today introduced companion legislation in both chambers of the United States Congress to require a full and thorough audit of the Federal Reserve.

The bills, both titled The Federal Reserve Transparency Act of 2011, but known better as “Audit the Fed,” are numbered H.R. 459 in the House and S. 202 in the Senate and continue the efforts championed by Ron Paul last year that won 320 co-sponsors before passing the House and 32 cosponsors in the Senate before falling short on a floor vote.

H.R. 459 starts the session with 56 original bipartisan cosponsors, while Sen. Jim DeMint (R-SC) and Sen. David Vitter (R-LA) are original cosponsors for S. 202.

The Federal Reserve Transparency Act of 2011 would open up the Fed’s funding facilities, such as the Primary Dealer Credit Facility, Term Securities Lending Facility, and Term Asset-Backed Securities Lending Facility to Congressional oversight and audit by the non-partisan Government Accountability Office. Additionally, audits would include discount window operations, open market operations, and agreements with foreign central banks such as ongoing dollar swap operations with European central banks.

Public polling conducted by Rasmussen Reports in December 2010 indicated that 74 percent of the American People demand transparency at the Fed and support a full audit as called for in the Audit the Fed legislation. In 2009 and 2010, Campaign for Liberty generated over 2.5 million grassroots contacts to federal lawmakers in support of Audit the Fed.

“The Federal Reserve and its loose money, easy credit policies are the culprit for so many of the dire economic problems we face. Americans continue to demand transparency at the Federal Reserve, and Campaign for Liberty is proud to lead the fight to make this legislation the Law of the Land,” said Campaign for Liberty President John Tate. “All across the country, grassroots citizens are uniting behind Ron and Rand Paul and will demand this audit, this year.”

Prolly a good thing. I hope their bill also includes some cuts to offset the costs.

Yes!

And then start the trials for Treason!

http://www.youtube.com/watch?v=DiTikduJ15Y

Same as it ever was...same as it ever was...

http://www.youtube.com/watch?v=2CIR7EnAez4

The man that should be President at a time like this!

Tired of injustice
Tired of the schemes
The lies are disgusting
So what does it mean
Kicking me down
I got to get up
As jacked as it sounds
The whole system sucks

It'll be boring, but it's bright and shiny and keeps the fish occupied.

he's an ill informed contrarian...

(\ /)
-oo)-
(")_(")Will they be checkin my underground stash !

You're kidding me, right?

It's been done before.

It dies on the floor. Perhaps this time if passes and we get results.

Start scratching around and look at the number of Presidents and Senators/Congressmen that have openly opposed the Fed, what it stands for and they've faced impeachment, assassination and attempted assassination. It's staggering.

(\ /)
-oo)-
(")_(")He' s drinkin heavy...

Cbc812 is the new voice of reason.....
I'm listening brother!!!
And DMV is correct, look at who has tried this and how it turned out for them.

the sheep are bleating!

The Federal Reserve has nothing to do with centralized banking!

Hate to rain on everyone's parade...but the Federal Reserve is now the US's largest debt holder.

China is now off the hook!

SCOREBOARD!

drMaddVibe


you've done it again. you have stopped me in my tracks, speechless, struck with awe,, by the consice minimalist respone to my inquiry in less then a dozen words you've turned my world upside down and inside ou. how do you do it. no, don't tell me, it would be too much of a burden to bare for anyone other then the fedw chosen to set the example for the rest of us.

surly goodness and mercy will follow you all the days of your life and you will dwell in the house of the lord forever,.

Yeah, its no big deal.

I'm available for parties, weddings and bar mitzvahs.

Because you make me laugh I won't charge you the normal rate.

If only you really knew a topic here in the political spectrum besides wacko conspiracies and political rants we could have a conversation.

You'd rather bleat on a subject with little to no knowledge and try to act like you have wisdom in the matter when you can't grasp basic critical thinking.

Case in point:

"DrMaddVibe, the subject of the thread was not about centralized
banking, it was specifically about the fed."

http://en.wikipedia.org/wiki/Federal_Reserve_System

"The Federal Reserve System (also known as the Federal Reserve, and informally as The Fed) is the central banking system of the United States. It was created in 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907."

That's the opening sentence.

Now, go back and look how I put the words into italics. Should be? Oughta be? Never was? It's a JOKE. They're treasonous whores that have sold out the fortunes of Americans with their interest rates, chasing inflation mantras and gobblity-gook conferences to Congress that are filled with double speak and complete nonsense.

Then because I'm tired of pointing you to the light to gain information I simply tell you to do something that you really should do you act like a wounded animal or that you're above consternation. You're not. You display it with every post. Thank God you didn't try to blame Sarah Palin for something.

Perhaps if you took the time to actually know a subject or topic and brought something to the table besides a bad attitude you'd be welcomed in the conversations. Instead you and your shadow are outside looking in. Desperately wanting to run with the pack but leashed up on the porch by small thinking and harboring ill will.

Good luck!

Until the whole thing comes crashing down!

And it will, eventually. Then comes paperless (electronic) money. It already is paperless to a large extent. I don't think that system will last nearly as long as the paper money system has though. Fiat currency and centralized banking in any form is only sustainable as long as nobody checks the books too closely.

I took an elective Economics course called "Money, Banking and the Economy", which I had to do a paper for. So, I "double dipped" and was permitted to hand in the same 25+ thesis on: The causes of the S&L Crisis of the 80's and its effect on the economy..

I like cash. lots of it. all over the usa in friends and families houses.

You mean like flour and rice?