[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Sign-in] [Mail] [Setup] [Help]
Status: Not Logged In; Sign In
|
Ron Paul See other Ron Paul Articles Title: Audit Fed Bill Vote Slated for Tuesday, January 12; We Really Don’t Need the Fed Audit Fed Bill Vote Slated for Tuesday, January 12; We Really Don’t Need the Fed JANUARY 08, 2016 AFP • Voters from both parties encouraged to contact Congress and urge audit. By Mark Anderson — As this newspaper announced in issue No. 49 & 50 in 2015, United States Senator Randal Howard “Rand” Paul (R-Ky.) is still floating legislation to audit the Federal Reserve System. We asked readers to contact Capitol Hill and urge a vote, and it appears our efforts, with other Fed foes, have paid off. A Senate Fed-audit vote has been scheduled for January 12. The most viable of Paul’s two audit bills introduced in 2015 is S. 2232, the Federal Reserve Transparency Act of 2015. One year ago, in January 2015, he introduced S. 264, which carries the same name, but that bill, according to the Library of Congress, never left the Senate Banking Committee. Paul, who’s also a Republican presidential candidate, announced on his Facebook page: “I’ve . . . been told that when the Senate returns on January 12th, we will vote on auditing the Fed. I’ve been fighting for years to get this vote. This is a huge victory for us. But it’s still an uphill battle from here to get full transparency from the Fed. Let’s gear up and let’s really fight to make this important change.” The House on several occasions has passed Fed-audit bills over the last few years, though the secretive, privately owned and controlled Fed is supremely adept at sidetracking such moves. Federal Reserve Bank of Richmond President Jeffrey M. Lacker, showing how jealously the Fed guards its century-long racket, has called the idea of an audit, “high-frequency harassment of our decision-making process—our monetary policy decision-making process.” Among the 24 all-GOP official co-sponsors, according to the Library of Congress as of December 26, are Paul’s rival Republican presidential candidates, Senators Marco Antonio Rubio (Fla.) and Rafael Edward “Ted” Cruz (Texas). It’s apparently unheard of for three presidential hopefuls to call for legislation targeting the Fed, be it an audit or anything else. Cruz’s fellow Texan, Senator John Cornyn III (R), also is on board. The other states with both senators aboard are Idaho (Republicans Michael Dean “Mike” Crapo and James Elroy “Jim” Risch) and Georgia (Republicans David Alfred Perdue Jr. and John Hardy “Johnny” Isakson). On a video accompanying his Facebook announcement, regarding who’s “on board” for this vote, Paul noted: “We don’t have all the Republicans yet, much less all the Democrats.” The S. 2232 text states that its purpose is: “To require a full audit of the Board of Governors of the Federal Reserve System and the Federal Reserve banks by the Comptroller General of the United States, and for other purposes.” If the bill becomes law, an audit would be required within 12 months after enactment. A report on the audit’s results would be required within 90 days after the audit is done. Voters from either major party should call Capitol Hill and get more senators on board. Independent voters should do the same. Unity across party lines is possible. An audit may be a worthwhile way to help break the Federal Reserve’s stranglehold on the nation’s monetary policy and on the greater economy, because a proper in-depth audit could reveal Fed manipulations that would shock more lawmakers and citizens out of their complacency toward the central bank. However, ending the Fed must remain our goal. When private bankers steal the critically important sovereign function of creating money, and then are allowed to regulate the banking system on top of that, drastic restorative measures are needed to divorce the Fed, terminate its debt-based money system and publicly re-issue interest-free United States notes—much like President Andrew Jackson did when he terminated the private Second Bank of the United States in 1836 and moved money creation back to the sovereign government. Paul noted on his presidential campaign website: “The Federal Reserve was created by Congress and is supposed to be overseen by Congress. The Fed is now in every nook and cranny of banking with unprecedented regulatory powers and no congressional oversight. I believe the . . . regulatory power should be placed back under the control of Congress.” Notably, there was little evidence at press time of Senate Democrats publicly supporting this legislation. When the earlier bill (S. 264) first came up, even so-called banking watchdog Senator Elizabeth Ann Warren (D-Mass.) did not support it while pathetically parroting the Fed’s official line that any monetary-policy oversight by Congress would “politicize” the Fed’s decisions, typical “codespeak” the Fed uses to deflect deeper oversight. Warren would simply allow the already required basic audit of the Fed’s balance sheets to continue without a deeper look at the all-important monetary policy. To ask for any Senate or House member by name, call Capitol Hill’s switchboard at 202-224-3121 or 225-3121. Standard mail can be addressed: “Name of legislator,” followed by Senate Office Building, Washington, D.C. 20510, or “Name of legislator,” House Office Building, Washington, D.C. 20515. - See more at: americanfreepress.net/audit-fed-bill-vote-slated- tuesday-january-12/#sthash.xoHGCSpO.dpuf Poster Comment: Call now. The vote is on January 12 in Senate. Post Comment Private Reply Ignore Thread
|
||
|
[Home]
[Headlines]
[Latest Articles]
[Latest Comments]
[Post]
[Sign-in]
[Mail]
[Setup]
[Help]
|
||