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Unfolding Nature Shop: Unfolding Nature: Being in the Implicate Order

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HR 1207 Federal Reserve Transparency Act
    #10307425 -

143 co-sponsors as of today!!!  The fed's days are NUMBERED!!  :grin:

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207


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Edited by faffle (05/08/09 10:07 AM)

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Re: HR 1207 Federal Reserve Transparency Act [Re: faffle]
    #10307505 -

nice.  here's the full text.

Quote:
HR 1207 IH

111th CONGRESS

1st Session

H. R. 1207

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

February 26, 2009

Mr. PAUL (for himself, Mr. KAGEN, Mrs. BACHMANN, Mr. BARTLETT, Mr. JONES, Mr. REHBERG, Mr. POSEY, Mr. BROUN of Georgia, Mr. POE of Texas, Mr. BURTON of Indiana, Mr. ABERCROMBIE, and Ms. WOOLSEY) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘Federal Reserve Transparency Act of 2009’.

SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

(a) In General- Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after ‘shall audit an agency’ and inserting a period.

(b) Audit- Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection:

‘(e) Audit and Report of the Federal Reserve System-

‘(1) IN GENERAL- The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.

‘(2) REPORT-

‘(A) REQUIRED- A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each subcommittee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.

‘(B) CONTENTS- The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.’.



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"There are a thousand hacking at the branches of evil
to one who is striking at the root."
-Henry David Thoreau
Strike The Root

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Re: HR 1207 Federal Reserve Transparency Act [Re: faffle]
    #10307930 -

Obama will probably veto it. IMO Obama does not believe taxpayers should have a right to know where our money is being spent....


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America's debt problem is a "sign of leadership failure"

We have "reckless fiscal policies"

America has a debt problem and a failure of leadership.

Americans deserve better

Barack Obama

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Re: HR 1207 Federal Reserve Transparency Act [Re: lonestar2004]
    #10307962 -

and can someone explain to me why we borrow money (that they do not have) from the FED (private bank) and then taxpayers pay interest to the FED when the government could just print the money themselves and not have the taxpayers pay INTEREST on the money we were forced to give to the fed?

I'm confused?


--------------------
America's debt problem is a "sign of leadership failure"

We have "reckless fiscal policies"

America has a debt problem and a failure of leadership.

Americans deserve better

Barack Obama

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Re: HR 1207 Federal Reserve Transparency Act [Re: lonestar2004]
    #10308307 -

http://en.wikipedia.org/wiki/Federal_reserve

No need to be confused in this day and age my friend

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Re: HR 1207 Federal Reserve Transparency Act [Re: lonestar2004]
    #10308636 -

lonestar2004 said:
and can someone explain to me why we borrow money (that they do not have) from the FED (private bank) and then taxpayers pay interest to the FED when the government could just print the money themselves and not have the taxpayers pay INTEREST on the money we were forced to give to the fed?

I'm confused?


basically because a few greedy fucks hijacked our monetary policy a hundred years ago, with the help of a few corrupt politicians


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Re: HR 1207 Federal Reserve Transparency Act [Re: lonestar2004]
    #10309510 -

lonestar2004 said:
Obama will probably veto it. IMO Obama does not believe taxpayers should have a right to know where our money is being spent....


I disagree.  I'd be really surprised if he vetoed this.


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I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them.  I also attack my side if I think they're wrong.  People here get very confused by that and think it means I prefer the other side.

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Re: HR 1207 Federal Reserve Transparency Act [Re: Falcon91Wolvrn03]
    #10309525 -

Falcon91Wolvrn03 said:
lonestar2004 said:
Obama will probably veto it. IMO Obama does not believe taxpayers should have a right to know where our money is being spent....


I disagree.  I'd be really surprised if he vetoed this.



The bill has tremendous support.

It will be very interesting watching how this plays out...

It feels really good to see some educated individuals respond to these threads!

Y'all can visit campaignforliberty.com if you would like to get some resources to help get more popular and political support!

Edited by Mr.Al (05/08/09 06:34 PM)

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Re: HR 1207 Federal Reserve Transparency Act [Re: Falcon91Wolvrn03]
    #10310762 -

Falcon91Wolvrn03 said:
lonestar2004 said:
Obama will probably veto it. IMO Obama does not believe taxpayers should have a right to know where our money is being spent....


I disagree.  I'd be really surprised if he vetoed this.



he will be under extreme pressure to sign it and I'll be sure to give him credit if he does.


--------------------
America's debt problem is a "sign of leadership failure"

We have "reckless fiscal policies"

America has a debt problem and a failure of leadership.

Americans deserve better

Barack Obama

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Re: HR 1207 Federal Reserve Transparency Act [Re: Mr.Al]
    #10314067 -

Mr.Al said:
The bill has tremendous support.

It will be very interesting watching how this plays out...

It feels really good to see some educated individuals respond to these threads!

Y'all can visit campaignforliberty.com if you would like to get some resources to help get more popular and political support!


I'm amazed at the amount of those educated individuals I keep running into in public.  A LOT of people are waking up.


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Re: HR 1207 Federal Reserve Transparency Act [Re: faffle]
    #10316198 -

faffle said:
Mr.Al said:
The bill has tremendous support.

It will be very interesting watching how this plays out...

It feels really good to see some educated individuals respond to these threads!

Y'all can visit campaignforliberty.com if you would like to get some resources to help get more popular and political support!


I'm amazed at the amount of those educated individuals I keep running into in public.  A LOT of people are waking up.



Just a couple years ago it was: "Federal reserve, what's that", "What do you mean the Federal reserve isn't part of the federal government", and "Huh, I don't get what you mean, of course the money is backed by gold whats all that stuff in Fort Knox for???"


Yeah, people know what's up.

H.R.1207 is a huge monkey wrench thrown into the machinations of the world central banker cartel.  Wars are won and lost on logistics.  If the power hungry ass-hats can't fund their mad scheme of world domination they lost!


--------------------
Ludwig von Mises Institute,Campaign for Liberty.,The Oath Keeper's

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Re: HR 1207 Federal Reserve Transparency Act [Re: Mr.Al]
    #10316245 -

If the Fed is as powerful as you say and politicians are in their pockets what makes you think this bill is anything but window dressing?

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Re: HR 1207 Federal Reserve Transparency Act [Re: Redstorm]
    #10316301 -

Redstorm said:
If the Fed is as powerful as you say and politicians are in their pockets what makes you think this bill is anything but window dressing?


The bill will call full audit of the federal reserve before 2010.  Politicians still need to run for office so they can not vote against it when it has so much popular support.

The bill was written by Ron Paul, who has been trying to get rid of the illegal banking cartel for decades.  I hardly think he's a government disinfo. agent.  He has tried to straight up abolish the federal reserve before.  He changed his tactic and decided it was necessary to start with information disclosure.  Look up when Dr. Paul was asking Bernanke which banking institutions received 2.2 trillion dollars.  Bernanke refused to give him that information.  Congressman Paul responded with H.R.1207.

71 more cosponsors will guarantee passage in the house.
Some politicians are corrupt and side with the central banker terrorists.  Many others are just woefully ignorant on the subject of constitutional monetary policy.

Education of the people and politicians is the cure to America's financial problems.

Ron Paul is an impressive tactician .  Monetary policy is his highest concern.  I hardly think he will write up "window dressing" with anything dealing directly with the federal reserve!


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Ludwig von Mises Institute,Campaign for Liberty.,The Oath Keeper's

Edited by Mr.Al (05/10/09 09:27 AM)

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Re: HR 1207 Federal Reserve Transparency Act [Re: Mr.Al]
    #10316845 -

have you seen this?


Is Anyone Minding the Store at the Federal Reserve?



Rep. Alan Grayson (D-FL) asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.


"100% of what is collected is absorbed solely by interest on the Federal Debt … all individual income tax revenues are gone before one nickel is spent on the services taxpayers expect from government.”
-Grace Commission report submitted to President Ronald Reagan - January 15, 1984

is that true? that all our income tax money goes to pay interest on a bogus debt to the Private Federal Reserve (FED), just to allow paper money to circulate as “Federal Reserve Notes”?


--------------------
America's debt problem is a "sign of leadership failure"

We have "reckless fiscal policies"

America has a debt problem and a failure of leadership.

Americans deserve better

Barack Obama

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Re: HR 1207 Federal Reserve Transparency Act [Re: lonestar2004]
    #10317124 -

Quote:
is that true? that all our income tax money goes to pay interest on a bogus debt to the Private Federal Reserve (FED), just to allow paper money to circulate as “Federal Reserve Notes”?


I don't know about the amounts, but more or less, yes.  Oddly, the two presidents that tried to stop this were both assassinated.


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Just another spore in the wind.

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Re: HR 1207 Federal Reserve Transparency Act [Re: lonestar2004]
    #10318016 -

Paul asked Bernanke where the 2.2 trillion went.  Bernanke said he wasn't going to tell him.  H.R.1207 will fix that part at least.  I think H.R.1207 is the first piece of legislation moving towards sound money.  There's probably more to follow.  For a long time no one even attempted to question them.

Yeah.  Presidents have been shot whenever they attempt to challenge the present monetary system.

Executive order 11110 might have been part of what triggered the Kennedy assassination.


--------------------
Ludwig von Mises Institute,Campaign for Liberty.,The Oath Keeper's

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Re: HR 1207 Federal Reserve Transparency Act [Re: Mr.Al]
    #10318020 -

crazy


--------------------
America's debt problem is a "sign of leadership failure"

We have "reckless fiscal policies"

America has a debt problem and a failure of leadership.

Americans deserve better

Barack Obama

Extras: Filter Print Post Top
Re: HR 1207 Federal Reserve Transparency Act [Re: Falcon91Wolvrn03]
    #10319550 -

Falcon91Wolvrn03 said:
lonestar2004 said:
Obama will probably veto it. IMO Obama does not believe taxpayers should have a right to know where our money is being spent....


I disagree.  I'd be really surprised if he vetoed this.


hah

i think what paul is doing is a great step forward. all it is after all is an audit. if everything is as squeaky clean as we have been led to believe then an audit should be nothing. if i can quote every highway patrolman:"you dont need to worry if you dont have nuthin to hide".

A list of shareholders would be quite interesting, any speculations?

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Re: HR 1207 Federal Reserve Transparency Act [Re: Windmiller]
    #10320419 -

very rich fat bankers...


--------------------
America's debt problem is a "sign of leadership failure"

We have "reckless fiscal policies"

America has a debt problem and a failure of leadership.

Americans deserve better

Barack Obama

Extras: Filter Print Post Top
Re: HR 1207 Federal Reserve Transparency Act [Re: faffle]
    #10320852 -

Quote:
‘(1) IN GENERAL- The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.


The above part is what annoys me.  I wish they would have made it every couple of years rather than just one year.  If we are going to push real change, then make it last, please.


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Just another spore in the wind.

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Unfolding Nature Shop: Unfolding Nature: Being in the Implicate Order

General Interest > Political Discussion
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