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DeMint Amendment to Audit Federal Reserve Blocked by Senate Leadership



July 09, 2009 – Comments (8) | RELATED TICKERS: GS , C , JPM

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

-Thomas Jefferson

Senator DeMint brought Audit the Fed to the floor, Senator Ben Nelson of Nebraska raised a "point of order" to prevent a vote. DeMint directly challenged Senate leadership by pointing out the other GAO audits contained in the bill Senate president was forced to agree with Senator DeMint 

BREAK ===============================

Yesterday, my Poll: Do banks run the US government? Had 82 votes Yes out of 90s votes.

 Mish Shedlock has a video worth your time. Former Assistant Treasury Secretary Craig Roberts

Max Keiser: Quick question. What should the Treasury Secretary be doing?

Craig Roberts: He should be trying to save the dollar as the world's reserve currency which means stopping the wars, reducing the bailout money, and trying to reduce the trade and budget deficits in order to save the dollar. That's what he should be doing.

Max Kesier: Does the treasury secretary work for the people or does he work for the banking system on Wall Street?

Craig Roberts: He works for Goldman Sachs.

8 Comments – Post Your Own

#1) On July 09, 2009 at 12:00 PM, Option1307 (30.65) wrote:

Wow, DeMint took them to town, nice!

Good post, thanks.

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#2) On July 09, 2009 at 1:30 PM, mas113m (< 20) wrote:

DeMint has been one of the rare votes that I have made and been happy with afterwards. Probably, he will be the ONLY incumbent that I will vote for next time.

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#3) On July 09, 2009 at 1:34 PM, minduza (< 20) wrote:

I don't think that someone will audit FED soon. 95 % of people don't know what Federal reserve is or how it works, or they don't care. And you can see from this video that government is corrupt and working for banks so no audit :(

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#4) On July 09, 2009 at 3:19 PM, VintageCat (< 20) wrote:

I urge every one of you to write to your Congressmen/women to get on board with Ron Paul's bill in the House and Jim DeMint's bill in the Senate that will allow the GAO to audit the Fed.  

While it may not amount to a hill of beans in the end, at least each of us would have done something rather than piss and moan like the impotent servants that we are.

A copy of my letter:

Dear (insert office/name) 

I am an angry taxpayer.

It has become increasingly clear since the inception of the 2008 Wall Street bailouts to the likes of AIG (etal) that these bailouts were neither fully effective nor was there accountability to the taxpayers that are and will continue to be footing the bill for someone else's party.

It appears to many of us common folk that the stimulus funds made available to Wall Street went down the rabbit hole and in several egregious cases of malfeasance went directly into the pockets of the very executives that steered their sinking ships onto the rocks in the form of outrageous bonuses.

There has been zero accountability to the taxpayers like myself and my husband who are on the hook for "our share" of roughly 12 trillion dollars in the form of economic stimulus and to add insult to injury, the attitude on Wall Street has been an arrogant, "Mind your own business." to Main Street's anger, inevitably hiding their activities behind the veil of the Federal Reserve. Enough is enough.

Please co-sponsor (insert bill number/name) and help see this bill through to a passing vote. Thank you for your attention to this very important issue.

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#5) On July 09, 2009 at 10:57 PM, GenericMike (< 20) wrote:

NORML, an organization for legalization of Marijuana, has an excellent section on their website where you can enter your zipcode and find all your elected representatives' email addresses. It even has a form on their website you can copy/paste the above letter into. 


Don't say the Pot Heads never have us nothin. :p 

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#6) On July 09, 2009 at 11:27 PM, jamasony2 (< 20) wrote:

I sent my two senator emails, for what it's worth. 

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#7) On July 14, 2009 at 10:46 AM, tfirst (79.41) wrote:

The fed has stated to representatives that if audited, it will spend this country into depression,,,, Torches and pitchforks...

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#8) On July 14, 2009 at 2:21 PM, toopersent (58.62) wrote:

great post

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