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Audit the Fed - H.R. 1207 now has 55 co-sponsors

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April 02, 2009 – Comments (14)

H.R. 1207, Ron Paul's bill that would give Congress the power to audit The Federal Reserve now has 55 co-sponsors, including some big name Democrats. It seems that both sides of the aisle are waking up a bit. Pressure being applied by voters is also having a positive effect. If you have not contacted your representative, I urge you to do so. Send a simple email or phone call expressing your support for the bill and ask them to co-sponsor it.  This is a big step forward to transparency.  It's your money they are spending. Let's find out where it is going.

Here is the list of co-sponsors:

Rep Kagen, Steve [WI-8] - 2/26/2009
Rep Bachmann, Michele [MN-6] - 2/26/2009
Rep Bartlett, Roscoe G. [MD-6] - 2/26/2009
Rep Jones, Walter B., Jr. [NC-3] - 2/26/2009
Rep Rehberg, Denny [MT] - 2/26/2009
Rep Posey, Bill [FL-15] - 2/26/2009
Rep Broun, Paul C. [GA-10] - 2/26/2009
Rep Poe, Ted [TX-2] - 2/26/2009
Rep Burton, Dan [IN-5] - 2/26/2009
Rep Abercrombie, Neil [HI-1] - 2/26/2009
Rep Woolsey, Lynn C. [CA-6] - 2/26/2009
Rep Garrett, Scott [NJ-5] - 3/5/2009
Rep Chaffetz, Jason [UT-3] - 3/6/2009
Rep Kingston, Jack [GA-1] - 3/6/2009
Rep Young, Don [AK] - 3/6/2009
Rep Rohrabacher, Dana [CA-46] - 3/6/2009
Rep Stearns, Cliff [FL-6] - 3/6/2009
Rep McClintock, Tom [CA-4] - 3/6/2009
Rep Heller, Dean [NV-2] - 3/6/2009
Rep Duncan, John J., Jr. [TN-2] - 3/6/2009
Rep Taylor, Gene [MS-4] - 3/6/2009
Rep DeFazio, Peter A. [OR-4] - 3/9/2009
Rep Alexander, Rodney [LA-5] - 3/10/2009
Rep Price, Tom [GA-6] - 3/10/2009
Rep Petri, Thomas E. [WI-6] - 3/10/2009
Rep Foxx, Virginia [NC-5] - 3/10/2009
Rep Grayson, Alan [FL-8] - 3/11/2009
Rep Marchant, Kenny [TX-24] - 3/11/2009
Rep Wamp, Zach [TN-3] - 3/16/2009
Rep Blackburn, Marsha [TN-7] - 3/16/2009
Rep Buchanan, Vern [FL-13] - 3/17/2009
Rep Castle, Michael N. [DE] - 3/17/2009
Rep Fleming, John [LA-4] - 3/18/2009
Rep Akin, W. Todd [MO-2] - 3/19/2009
Rep Platts, Todd Russell [PA-19] - 3/19/2009
Rep Peterson, Collin C. [MN-7] - 3/19/2009
Rep McCotter, Thaddeus G. [MI-11] - 3/19/2009
Rep Lummis, Cynthia M. [WY] - 3/19/2009
Rep Burgess, Michael C. [TX-26] - 3/19/2009
Rep Sessions, Pete [TX-32] - 3/23/2009
Rep Deal, Nathan [GA-9] - 3/23/2009
Rep Franks, Trent [AZ-2] - 3/23/2009
Rep Miller, Jeff [FL-1] - 3/24/2009
Rep Blunt, Roy [MO-7] - 3/24/2009
Rep Stark, Fortney Pete [CA-13] - 3/26/2009
Rep Culberson, John Abney [TX-7] - 3/26/2009
Rep Paulsen, Erik [MN-3] - 3/30/2009
Rep Gingrey, Phil [GA-11] - 3/30/2009
Rep Terry, Lee [NE-2] - 3/30/2009
Rep Carter, John R. [TX-31] - 3/31/2009

Below is a sample email that you may copy and paste into an email if you don't know what to say:

Please support passage in both the House and the Senate of H.R. 1207 to Audit the Federal Reserve.

Due to the present-day trillion dollar bailouts, stimulus bills, and resulting federal deficits, we are entering an era when the Federal Reserve's inflation tax will be much more of a burden on most Americans than Congress' income tax.

The creation of money out of thin air by the Federal Reserve to paper over the multi-trillion dollar federal deficits and to prop up its fiat paper money system threatens to destroy the dollar and wipe out the value of our earnings from our jobs, our retirement income, our investments, and our insurance.

Congress created the inflation engine known as the Federal Reserve in 1913. Now Congress must ensure a thorough audit of its creature, the Federal Reserve, by passing H.R. 1207.

We the People deserve to know the truth about the Federal Reserve so that freedom-minded citizens and legislators can gain sufficient support in Congress to restore sound money and phase out the Federal Reserve.

You can find your representative here.

David in Qatar

14 Comments – Post Your Own

#1) On April 02, 2009 at 10:22 PM, devoish (98.59) wrote:

Done.

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#2) On April 03, 2009 at 9:11 AM, kushme (21.25) wrote:

also done

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#3) On April 03, 2009 at 9:19 AM, Gemini846 (57.60) wrote:

You can find my letter I wrote after the $1T inflation here. My house rep (Bill Young of FL) responded that he would vote favorably should this legislation come to vote.

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#4) On April 03, 2009 at 9:46 AM, RHaganC (< 20) wrote:

DONE!

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#5) On April 03, 2009 at 10:10 AM, GNUBEE (28.66) wrote:

Done

Some things, no matter how bad need to be known.

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#6) On April 03, 2009 at 1:05 PM, whereaminow (21.21) wrote:

Henry Waxman (D. - CA) is aboard as a co-sponsor as well. That's surprising.

David in Qatar

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#7) On April 03, 2009 at 1:20 PM, nzsvz9 (< 20) wrote:

David,

No kidding? Waxman? I wonder why, as a Democrat insider, why he would ever sign on to this.

I would welcome the audit, but to what end? And is there anyone we would trust to actually perform the audit? The banking world is a kind of unique club ... very few people reach this pinnacle in the financial world, and when they cross over to the political world, we get folks like the Treasury Secretary (take your pick of any).

We are to be wary of the political class and the aristocracy of money in this nation -- and when they cross over, as the truly powerful.

Known by my mortgage refinance agent as nzsvz9

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#8) On April 03, 2009 at 1:33 PM, whereaminow (21.21) wrote:

Yeah, Waxman was a shock. 

I know how you feel. I've been criticized here at CAPS for not offering any serious policy proposals while criticizing our system. I can support this, or I can support burning the Fed to the ground :)

One thing to consider. Let's just say that the support within Congress grows for such an audit. Should it come about, it is possible that the politics might actually favor truth. With all these politicians jockeying for something they can say to the voters, they may outdo each other in trying to uncover fraud. It's possible. Either way, it should be amusing.

David in Qatar

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#9) On April 03, 2009 at 5:05 PM, GNUBEE (28.66) wrote:

David,

Looks like I already got a response from my rep!

Dear Mr. XXXXXX:

 

Thank you for contacting me about H.R. 1207, the proposed Federal Reserve Transparency Act of 2009.  I appreciate the opportunity to respond to your comments.

As you may know, H.R. 1207 would eliminate restrictions on General Accounting Office (GAO) audits of the Federal Reserve, thus opening Federal Reserve operations to enhanced scrutiny and congressional oversight. 

 

H.R. 1207 was introduced by Representative Ron Paul of Texas on February 26, 

2009 and has been referred to the House Committee on Financial Services. 

As a Member of the Financial Services Committee, please know that I will keep your views in mind should this bill come before the Committee for consideration.

 

Again, thank you for contacting me about H.R. 1207.  If I can be of any assistance to you or your family in the future, please do not hesitate to contact me.

 

With kind regards, I am

 

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#10) On April 03, 2009 at 6:07 PM, whereaminow (21.21) wrote:

That's good news, but too bad he/she won't co-sponsor yet.

 

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#11) On April 03, 2009 at 6:11 PM, TMFLomax (38.72) wrote:

Thanks for posting this David!

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#12) On April 04, 2009 at 5:37 AM, DaretothREdux (43.23) wrote:

I can support this, or I can support burning the Fed to the ground :)

Hot dogs and Marshmellows anyone?

Man...I really shouldn't say things like that, my name is gonna end up on a list somewhere...oh right...too late...heh...laughing is a defense mechanism for me...

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#13) On April 07, 2009 at 10:26 PM, imeasure (< 20) wrote:

My congressman supports the bill. I would suggest if your's does that you send a note of thanks.

Here is mine:

Dear Congressman Akins, I am writing you to

THANK YOU for your support of H.R. 1207 which

authorizes Congressional oversight of the Federal

Reserve. I am deeply concerned about the future

of this great country and eventual hyperinflationary

outcome which is likely from our

current monetary policy. There are numerous

economists who believe that our current attempt to

combat deflation will ultimately destabilize the

currency and ruin this nation. I stand with these

experts in the conviction that a return to a sound

money policy is the best choice for America. 

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#14) On June 01, 2009 at 10:30 AM, GNUBEE (28.66) wrote:

David,

Got a follow up letter, that my rep is now a co-sponsor. He's also on the House Committe on Financial Services, and will support it if it comes before the committe.

GNUBEE

 

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