Why Should The Federal Reserve Be Audited?

[FLAprogressive]

Run time: 04:15 https://www.youtube.com/watch?v=xJQUM4OXKjk   Posted on YouTube: July 08, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: July 08, 2009 By DU Member: FLAprogressive Views on DU: 1437

 
One of the few things I agree with DeMint on!

(Dennis Kucinich, Bernie Sanders, Pete Stark, and Alan Grayson also support auditing the Fed)

[tomm2thumbs]

1. IF ONLY this were genuine and they had been fighting for it since Bush

but obviously not

[FLAprogressive]

2. it's still important

[acsmith]

9. .

stop seeing it as us versus them. we good, Republicans bad. it is a stupid perspective.

this bill only has a chance when the public put serious pressure on their representatives because of the lobbying done by wall street and the fed to keep the status quo. this appears to be the right moment for this bill (would certainly not have got through during the fear mongering done by the Bush administration about the end of the economic world).

but still, your silly ying yang attitude is childish.

[girl gone mad]

13. Ron Paul has been working on it since the 70s.

I disagree with Paul on many issues, but on the Wars and on the Fed, he's been solid.

[bulloney]

3. Former Texas Congressman Henry Gonzales pushed for Fed audits on the House floor several times

but got nowhere.

The Fed needs to be exposed so people can see what underworld activities they've funded over the years. It's only common sense that you keep something that has this much power over our economy as open as possible.

[FLAprogressive]

5. if we really wanted "change" this would be it.

[Grinchie]

4. It has to happen, which is why they will fight it tooth and nail

Even so far as to invoke the Patriot Act in the name of National Security.

While I think Glenn Beck is a loon, the message here is straightforward and clear.

More damaging words have been spoken about the Federal Reserve over the history of its existance than and other branch of Government, but of course, the Fed is not part of the Government, but just another Mega Corporation that has been granted the privilege of Counterfeiting money, that has absolutely nothing backing it up.

[ro1942]

6. truth

how bad is our gov. when demint is on the right side. thanks for posting

[FLAprogressive]

7. "how bad is our gov. when demint is on the right side."

Excellent point.

[ControlledDemolition]

8. Which two Presidents were killed in the fight against the Fed? n/t

[CL455W4R]

10. I agree

Our nation has a long history of fighting against Central Banks. It's about time we undid Wilson's biggest mistake.

Only congress can lawfully print money. Read the constitution. Our founding fathers knew that Bank created debt money was a surefire way to destroy a free nation.

[Karenina]

11. Just two?

:evilgrin: Andrew Jackson is rolling in his grave.

[jakeXT]

12. I was surprised it took Kucinich so long to get onboard, while doing his own bill.

I wonder how many Representatives over the last 100 years have tried to do something about the Fed.

Or is it something that comes up during depressions/recessions like this McFadden ?



RESERVE BANK BILL ASKS EXAMINATIONS; McFadden Wants Controller to Supervise Organizations and Their Affiliations. BROOKHART HITS "SHORTS" His Measure Would Jail Such Dealers in Stocks or Grain--Branch National Banks Proposed.
E-MAIL

Special to The New York Times.

January 7, 1930, Tuesday

Section: Shipping and Mails, Steamships and Tours, Page 63, 760 words

WASHINGTON, Jan. 6.--A bill providing for a periodic examination by the Controller of the Currency of each of the Federal Reserve banks, their members, whether State or national, and all affiliated corporations of member banks was introduced in the House today by Representative McFadden of Pennsylvania, chairman of the House Committee on Banking and Currency.

http://select.nytimes.com/gst/abstract.html?res=FA061EFA385D117A93C5A9178AD85F448385F9

[girl gone mad]

14. Kucinich's signature was held back intentionally.

His signature was the one which gave the bill majority support in the House. This was planned in advance.

[slipslidingaway]

15. +1 nt

[Jack Rabbit]

16. DeMint scores as far as I'm concerned (for once)

There should be no more secrecy in government than necessary. I can't think of a single reason why the Fed shouldn't be audited like any other department.

[slipslidingaway]

17. HR 1207 - 253 cosponsors...

Video and statement on introduction of bill
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=385&topic_id=306359&mesg_id=306359

[ControlledDemolition]

18. Does everyone understand that the Fed is not owned by the people? n/t