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Ron Paul’s Amendment To Audit The Federal Reserve Approved
November 19, 2009 5:37 PM EST A key House panel approved the Paul-Grayson Amendment by an overwhelming 43-26 Thursday afternoon, which will give watchdogs new authority to audit the Federal Reserve.
Grayson, however, told POLITICO in an interview that Watt’s amendment would add more restrictions on the GAO’s ability to audit the Fed, not less. “And there’s a crying need to expand it because the Federal Reserve has completely changed the way it’s done business since a year and a half ago.”
Originally posted by havok
I believe it will still have to be passed through both sides of congress first.
This is probably just more leverage for the case thought.
I'm all for it, and against it. Auditing the Fed will cause a major collapse. Guaranteed.
Originally posted by Grayelf2009
Agreed...once they find that the gold in Fort Know is either missing alot or has been replaced with gold plated Tungsten people are gonna be livid and scared.
Originally posted by Jean Paul Zodeaux
Fiat money by definition is worthless or at best as valuable as the confidence that backs it. In the end, all fiat money is a confidence game and con games are just bad news for all involved except for the ones who are conning. An audit of the Federal Reserve at this point is nothing more than pomp and circumstance. When it is understood that it is fiat money that is being used as currency there is no need to audit the Fed, the need lies in getting rid of the Fed and demanding Congress accept the responsibility they have been charged with by Constitutional mandate. It is Congress who has been charged with the printing and coining oasonf monies and until the people finally get that Congress to do the job they were hired to do, no amount of audits are going to fix the problem. [/quote¥¥ Star for you friend,spot on.Its Congress who should be under the gun not to audit the thieves but to confess that gangs origins and continued looting of this countries taxpayers since 1913.
Originally posted by Iamonlyhuman
The audits won't find anything meaningful, the bill has been gutted to ensure that. This will only serve TPTB's goal of making the public feel good that the Fed is being audited. Some could say that at least it is a start, but I think it's probably worse than nothing.