“With our nation now over $16.4 TRILLION in debt, it’s never been more important the Federal Reserve’s abuses are exposed to the American people once and for all.” -Senator Rand Paul, via Campaign for Liberty
The Audit The Federal Reserve Bill is back in Congress, through none other than former Representative Ron Paul’s son, Senator Rand Paul.
Formally S. 202 in the Senate, Senator Rand Paul’s S. 209 Audit The Federal Reserve Bill will likely see massive support within the house where it currently has 100+ co-sponsors, and face its real battle with Harry Reid and the Senate, where current co-sponsors number at 19.
Last year, Rep. Ron Paul, author of bestseller and informative “End The Fed“, managed to finally pass the Audit The Fed bill in the house by a vote of 327-98, only to be denied a discussion, a vote, or even a mention in the senate by tyrant-in-chief of the senate, Harry Reid. Harry Reid exercised “his power” to block legislation from any discussion or vote on the Senate floor with just his word necessary.
Harry Reid’s vague explanation for delaying audit the fed was that he’d have to talk to fed chairman and chief printer, Ben Bernanke, before allowing a vote. If that does not signify that the federal reserve has stepped beyond its already unconstitutional bounds and authority, maybe the trillion-dollar coin will.
Representative Paul Broun of Georgia has introduced the companion legislation to Senator Paul’s legislation in the house, but Rand will most definitely be at the forefront and torch-bearer of the 2013 Audit The Fed campaign.
The only and first ever audit of the federal reserve was a partial audit. That’s right, the federal reserve, controller and dictator of the nation’s fiat (based on “trust”) currency, federal funds rate, and motivator of deficit spending ,malinvestment, and artificial GDP growth, has only been partially audited once, and never fully audited by an outside agency.
That ONE partial audit revealed that between December 1, 2007, and July 21, 2010, the federal reserve secretly and without any authority besides that of its own, loaned out 16.1 TRILLION dollars to domestic and foreign banks, and foreign nations. In a time when the nation’s economic crisis was beginning to release its effects, causing the liquidation of companies and loss of jobs, the federal reserve was printing fiat dollars, lining the pockets of its buddies in major banks, and weakening the dollar in every American’s wallets and savings. What the federal reserve is doing now is only fully known by itself, but according to reports from the fed, its balance sheet has grown and remains in the trillions, and is currently pumping roughly 80 billion a month into the market.
According to Rand’s 2013 Audit The Federal Reserve Bill, the legislation seeks to eliminate the restrictions placed on audits of the Fed, and put the fed’s secretive and unilateral authority over manipulating interest rates inflating prices through currency creation under congressional oversight. Of course, one of the primary goals of this legislation is to also provide some transparency to American citizens on how their savings and salaries are being consistently devalued to aid the federal reserve’s bankster buddies with new dollars and artificial growth.
As international governments begin to publicly lose trust in the federal reserve, the window for Americans to save what is left of the American currency closes.
Even as the federal reserve boasts manipulating currency and investment for 100 years this December as a marker of its trust and “foundation”, Germany orders its gold back from the federal reserve after being denied an audit of its own gold being held with the fed. It is clear now more than ever that what the federal reserve has done to the American economy is a crime, a scam, and is unfortunately, still ongoing at a pace faster than ever before.
This increased pace is of course due to the feds need to boost GDP numbers for elections, reputation, and maintenance of its scam. One way it does this is through monetary inflation (printing money), causing price inflation (rising prices), and a resulting “GDP growth”.
With the US 16 trillion in debt, the fed and its supporters plan to save the American economy is to make it artificially better, at-least for the short term, while its insiders cash in on the destruction of the economy as much as they possibly can in the time remaining before a real crash.
The fed continues to hold a near zero interest rate for banks, causing malinvestment within the market, as a low interest rate is supposed to indicate high savings, and inspire long-term investment. The artificial interest rates the fed currently dictates are held near zero so major banks can monopolize banking, crush smaller competition, and of course, cash in profits they shouldn’t be hitting and wouldn’t be hitting without government force and aid at the expense of individuals.
Additionally, the federal reserve pumps and pumps fiat money into the market to once again pretend and encourage artificial growth, but is most definitely aware of the pending bubble burst that will follow the creation and growth of this bubble.
I encourage everyone to get informed on the federal reserve, spread that information, and of course, contact your representatives and senators to support the Audit The Federal Reserve Bill, S. 209, in the Senate and HB 459 in the house so that we can stop the fed’s destruction of the already severely damaged economy, and proceed with the necessary repair and freeing of the market and currencies.
TAKE ACTION:
-Campaign for Liberty has volunteered to circulate the petitions and is asking for your support
-Call the Senate switchboard at (202) 224-3121 and ask for your Senator, explain your support behind Audit The Fed
-Call the House switchboard at (202) 224-3121 and ask for your Representative, explain your support behind Audit The Fed
-Spread the information far and wide
-Audit the Fed!
Ahmed Serag
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