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Fed Audit Review Beginning In Congress 09.25.09

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posted on Sep, 25 2009 @ 05:09 AM
Fed audit review beginning in Congress

'This is history in the making and victory is within reach'


Members of Congress will holding a hearing tomorrow on a plan by U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve, which oversees U.S. monetary policy, and his supporters are calling it a precedent-setting event.

"This is history in the making and victory is within reach," said a statement on the website, which is maintained in support of the congressman but is not linked to him.

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 its operations could be about to face the light of day.

The hearing today is before the House Financial Services committee, and the plan should be ready for quick approval. It has co-sponsorship from nearly 300 members of the 435-member House – including all of the Republicans and a significant number of Democrats.

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

It's time...

HR 1207 - Audit the Federal Reserve

(click to open player in new window)

Sept. 20st 2009 ... More than 1207 covered here ...

(click to open player in new window)


Maybe this seems like a diversion; when the Fed already has formulated an exit strategy (if all the lobbying fails.)

This is the motherlode of all corruption. Once this is set in motion and the rest of America realizes how the country has been looted and given away to foreign interests... Heads will roll.

I sincerely hope that our military is up for the clean up operations that may be awaiting them within the marble halls...


[edit on 9·25·09 by DrMattMaddix]

posted on Sep, 25 2009 @ 08:36 AM
Dr. Paul is going to battle today with the most dangerous entity known to man today - The Fed!

Here is a live streaming link

Watch now as it already started at 9am, so far it was only introductions.
Grayson is speaking now.

posted on Sep, 25 2009 @ 08:48 AM
reply to post by ModernAcademia

Any chance someone could provide periodic updates? I do not have sound at work and am blocked from playing most videos and live streams.


posted on Sep, 25 2009 @ 09:06 AM
well right now the witness from the FED keeps talking about what the GAO does.

The U.S. Government Accountability Office (GAO) is known as "the investigative arm of Congress" and "the congressional watchdog." GAO supports the Congress in meeting its constitutional responsibilities and helps improve the performance and accountability of the federal government for the benefit of the American people.

For those that don't know what the GAO is.

So the congressmen are asking why don't you want us to Audit you, and what type of information do you find will have dire consequences to the economy if revealed.

Then the witness did not answer the question but again just spoke about the GAO and barney frank just let it go.

So the GAO had 14 audits on the FED and has another 14 pending.
That was the argument of the witness.
But those audits have zero number crunchings, it's just policy audits

There's never any "where did this 3trillion dollars go"

Sounds like useless audits to me

then, lol, someone mentioned auditing the GAO

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