{"id":416890,"date":"2010-03-11T14:48:57","date_gmt":"2010-03-11T18:48:57","guid":{"rendered":"http:\/\/www.ronpaul.com\/?p=5043"},"modified":"2010-03-11T14:48:57","modified_gmt":"2010-03-11T18:48:57","slug":"action-alert-audit-the-fed","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/416890","title":{"rendered":"Action Alert: Audit the Fed!"},"content":{"rendered":"

The Federal Reserve<\/a> is the chief culprit behind the economic crisis. Its unlimited power to create money out of thin air brought us the boom and bust cycle and causes one financial bubble after another. By recklessly inflating the money supply the Fed intentionally distorts interest rates and erodes the value of the dollar.<\/p>\n

For the past 30 years, Ron Paul<\/a> has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 his unfaltering dedication showed astonishing results: HR 1207<\/a>, the bill to audit the Federal Reserve<\/a>, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself.<\/p>\n

But the usurpers of America’s future won’t take it lying down. They don’t want their secrets exposed and at this very moment, they are working frantically behind the scenes to quietly derail all efforts to open up the Federal Reserve<\/a> to independent scrutiny.<\/p>\n

A handful of Fed-loving U.S. senators are currently rewriting the Financial Reform Bill to strip out Ron Paul<\/a>’s Audit the Fed amendment and actually expand<\/em> the Fed’s power over banks, lending and money.<\/p>\n

Action Alert: Call your senators today and demand that they…<\/big><\/p>\n

    \n
  1. Stand with the nearly 80% of Americans who support a FULL audit of the Federal Reserve.<\/li>\n
  2. Withdraw their support for ANY effort to strip the bill of the Audit,<\/li>\n
  3. Oppose all efforts to grant the Fed more power under the guise of so-called “reform.”<\/li>\n<\/ol>\n

    Enter your zip code<\/strong> to look up your senators and their previous position on S 604<\/a>, the Audit the Fed bill:<\/p>\n<\/p>\n <\/p>\n <\/div>\n<\/form>\n

    Continue reading for more on Audit the Fed…<\/em><\/small><\/p>\n

    02\/2009: Ron Paul<\/a> Introduces Bill to Audit the Federal Reserve<\/big><\/p>\n

    On February 26, 2009, Ron Paul introduces HR 1207<\/a>, the bill to audit the Federal Reserve:<\/p>\n

    \n

    “I rise to introduce the Federal Reserve Transparency Act. Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve\u2019s loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation<\/a>? Only big-spending politicians and politically favored bankers benefit from inflation<\/a>.”<\/p>\n<\/blockquote>\n

    After a groundswell of grassroots support, HR 1207<\/a> and its counterpart in the Senate, S 604<\/a>, attract 317 and 32 co-sponsors respectively.<\/p>\n

    10\/2009: Mel Watt Introduces Competing Placebo Amendment<\/big><\/p>\n

    With HR 1207<\/a> gaining momentum, Congressman Mel Watt introduces a competing banker-approved “placebo” amendment<\/a> that would replace HR 1207 and actually increase the Federal Reserve’s secrecy and power.<\/p>\n

    11\/2009: Mel Watt Amendment Defeated<\/big><\/p>\n

    On November 19, 2009, after several hours of heated debate, Ron Paul’s and Alan Grayson’s “Audit the Fed” amendment passes 43-26 in the House Financial Services Committee<\/a>. The amendment calls for a comprehensive audit of the Federal Reserve and replaces the opposing “placebo” amendment proposed by Mel Watt.<\/p>\n

    12\/2009: Audit the Fed Passes in the House<\/big><\/p>\n

    The Audit the Fed amendment is attached to Barney Frank’s HR 3996, also known as the “Financial Stability Improvement Act of 2009″. That bill is later combined, along with several other bills, into “The Wall Street Reform and Consumer Protection Act of 2009 – Financial Stability Improvement Act of 2009″ (HR 4173). The House passes the new bill on December 11, 2009 on a vote of 223-202.<\/strong><\/p>\n

    Remaining Milestones Still Ahead<\/big><\/p>\n

    According to Ron Paul’s video update<\/a>, now that the bill has passed the House, the following milestones are still ahead of us:<\/p>\n

    \n