Posted on 11/20/2009 5:18:48 AM PST by GWConservative
Thanks to your quick action in contacting Congress, the House Financial Services Committee earlier today rejected Representative Mel Watt's attempt to hijack Audit the Fed by voting 43-26 to pass Ron Paul's amendment to the financial regulatory reform bill.
Dr. Paul called me right after the vote to personally express his thanks to C4L members for all of your efforts!
It is an incredible testament to the growing power of the liberty movement that we were able to get such an audit passed by a major House committee, but this is by no means the end of our fight.
Financial Services leadership has seemed determined for several months that if an audit of the Fed were to get out of Committee, it should be attached to an overall regulatory reform package that would actually increase the powers of the Fed to interfere in our economy.
Congressman Paul's amendment gives the Government Accountability Office power to conduct a thorough audit of the Fed's entire $2 trillion balance sheet and replaces the Watt language that would have further restricted GAO audits of the Federal Reserve.
While this is a victory over an attempted hijacking of our cause, the audit authority is still being rolled into the Financial Stability Improvement Act, a bill that Campaign for Liberty will oppose.
This Act will be voted on as soon as the Committee returns from its Thanksgiving break, and we will then know if it will move to the floor.
And it's already becoming clear that Ron Paul's amendment may face challenges on the House floor.
Now is the time to turn up the pressure!
Keep contacting Congress and tell your representative that before Congress debates over giving the Fed any new powers, we need to know what they're doing with the ones they already have!
Urge your representative to support a standalone, up or down vote on Audit the Fed, H.R. 1207.
We've put too much work into this effort to see an audit bogged down in yet another Washington bureaucratic nightmare.
Make no mistake, though, the victory today proved we can get the votes to pass the thorough, historic audit we've been fighting for this past year. We have put the Federal Reserve on notice that the freedom movement is serious about reclaiming our country and that it is here to stay.
Thanks for all you do for the cause of freedom. Now, let's finish this fight!
The FED thinks we are their slaves. Let your congress-critter know how you feel about it!
We should be supporting this effort with our full force.
The Federal Reserve is a central bank. It is not a part of the government. It has no reserves. It is part of an international cartel that looks after its own interest. It cares nothing about our nation.
AND IT STEALS OUR EARNINGS BY CAUSING THE BOOM-AND-BUST CYCLE.
They are about done with America. That is why they are moving on to Asia, where they plan to create the next mega economy that they can control and steal from and abandon when they’ve sucked all the blood out of Asia.
I had heard yesterday that his bill had no teeth and was watered down to the point of uselessness. Has that been reversed now?
It seems that now it will go to vote and not be watered down. Full version. I was shocked. :)
Gregg N.H. The Senator was just on CNBC raving about how horrible Paul is and saying there is 80% chance Health takeover will succeed. Hmm. THIS is what we get with Republicans...They are USELESS!
If this requires the signature of the President - it will never happen. Obomber and every previous President are just puppets “playing” President. The Fed (owned by 8 private companies incl. Rothchild, JPMorgan, Rockefeller and others) has been calling the shots since 1913.
http://tejavia.com/home/photos.html
agreed!
Many current RINOS will not
Barrack Hussein Soetoro Mack-Daddy Obama will not.
Good points. Buy gold, ammunition, body armor just in case; but most importantly, - work your precinct, support a candidate who will defend the Constitution, and hold their feet to the fire. Or, run for office yourself. We could start such an effort right here, with some 300,000 Freepers.
A lot of em must be in on the scheme. The Fed is giving money to the banks at 0% interest. The banks then buy Treasurys at 3% or loan overseas at even higher rates. WE pay the interest. What a f’n GYP! THis is SICK!
(a) Personally I don’t think this will be a problem for the fed at all. They will have more than enough financial muscle to make nothing of this.
(b) One thing I absolutely detest about Mr Paul is that “revolution” sign with love spelled backwards. It’s faggy, it’s hippy, it’s pathetic, and I don’t like it.
As Tina Turner said “what’s love got to do with it”.
Pathetic gimmickry is what seperates the lower leftist beasts from decent people, and it’s why we still do well despite having much worse press, because we are RIGHT. Descending into condescending gimmickry is dumb.
IMHO.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.