HR 1207, sponsored by Rep. Ron Paul (R-TX), currently has 313 co-sponsors in the House from both sides of the aisle, which is a veto-proof majority. A companion bill in the Senate (S 604) has 30 co-sponsors.
Originally posted by 11andrew34
Uh wait a sec before you start cheerin...what has changed since the bill was "gutted" earlier in the month by the House Subcommittee on Domestic Monetary Policy and Technology, under Chairman Mel Watt?
Audit the Fed Amendment Passes 43-26!
After several hours of heated debate, the Paul-Grayson “Audit the Fed” amendment passed 43-26 in the House Financial Services Committee earlier today. The amendment calls for a comprehensive audit of the Federal Reserve and replaces the opposing “placebo” amendment proposed by Mel Watt.
The Paul-Grayson initiative is an amendment to Barney Frank’s HR 3996, also known as the “Financial Stability Improvement Act of 2009″. The Committee was going to vote on that bill today, but Barney Frank surprisingly postponed the vote until after the Thanksgiving recess:
(Rep. Barney) Frank told the panel that most of the members pushing him to postpone the vote were members of the Congressional Black Caucus who said that the political environment wasn’t right for a vote this afternoon.
“It’s my understanding,” Frank said, “that the issues being addressed are not internal to this bill.” In other words, the Democrats were not expressing particular problems with the bill itself, but the larger problems in the economy made them reluctant to support a bill that could be portrayed as too friendly to Wall Street.
Barney Frank already indicated to a staffer “that he will continue to look for opportunities to alter the Paul amendment.” And Fed-funded “economists” will try to convince the public of the importance of Fed “independence” (that is, secrecy), and threaten us with economic disaster in case the Fed is opened up to independent scrutiny.
Originally posted by nightmarehalo
This is indeed historic news!
However, I have to agree with those saying that the Fed will transfer it's power to a world bank before they go down even though they pretty much are already a world bank considering who secretly controls them.
I expect that a new currency will be established if the Fed goes down such as the Amero.
[edit on 11/23/2009 by nightmarehalo]
Originally posted by lagenese
This is very dangerous for the US dollar and the American people. If they have their backs against the wall, i know something like a false flag attack will occur. Why would they allow the opening of their books and secrets. They have been all powerful since 1913.
Originally posted by pillowhead14
Programmed Life Forms = manual labor for all.
I agree with you on this. But I look at it from a different angle; I think if this audit happens it will only happen because this is what the Fed wants and they have an alterior motive. I am not sure what that would be other than it will somehow work in their favor and be just another brick in their NWO wall.
Originally posted by factbeforefiction
Auditing the Fed won't mean a thing in a couple of weeks when Obama cedes our sovereignty in Copenhagen. Click on my signature below and add to that thread, people on ATS need to know this now.
Originally posted by Arkansas
I don't understand why this is such a grand thing. Its going to drive the fed and gov. into the same house centralizing the power.(even more)
Federal Reserve Vice Chair Don Cohn and General Counsel Scott Alvarez spent much of the day calling committee members, urging them to oppose the Paul-Grayson amendment in favor of Watt's, a member of Congress who asked for confidentiality told HuffPost.
Paul's opponents also placed a letter from former Fed chairmen Alan Greenspan and Paul Volcker on the seats of every committee member. Such a move is in violation of House rules and Grayson was able to have the letters removed
Originally posted by reasonable
I'm not sure I see the point to this? Isn't it like getting the tobacco industry to provide a report on the health effects of smoking? It will just be one big smoke & mirrors routine...