Fed audit review beginning in Congress

WorldNetDaily.com ^ | September 25, 2009 | Bob Unruh

[Man50D]

Members of Congress will holding a hearing tomorrow on a plan by U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve, which oversees U.S. monetary policy, and his supporters are calling it a precedent-setting event.

"This is history in the making and victory is within reach," said a statement on the RonPaul.com website, which is maintained in support of the congressman but is not linked to him.

WND reported just days ago that the congressman, who has sponsored similar legislation on and off since the 1980s, believes this is the year there actually will be progress on his efforts to open up the books of the private organization that sets interest rates, controls the U.S. money supply and impacts consumers in a hundred ways.

The hearing today is before the House Financial Services committee, and the plan should be ready for quick approval. It has co-sponsorship from nearly 300 members of the 435-member House – including all of the Republicans and a significant number of Democrats.

Democratic Rep. Barney Frank scheduled hearings on the proposal to start tomorrow. Paul said Frank has confirmed his support of an audit plan. The Federal Reserve, an independent organization apart from the U.S. government, largely has operated behind a veil of secrecy for decades, but Paul told WND its operations could be about to face the light of day.

[Venturer]

Hope it passes.

[PGalt]

While they’re at it...let’s see if they can also audit this...

http://www.zerohedge.com/article/fed-hiding-gold-swap-arrangements-foreign-central-banks

Thanks to Tyler Durden at zerohedge and FReeper katiekins1 for the link.

[SaraJohnson]

Rinos and Dems will neuter that bill if it is passed. They will be allowed to count wing tip shoes in helecopter Ben’s office and report back to Congress on their findings asap!

[PGalt]

Rinos and Dems will neuter that bill if it is passed. They will be allowed to count wing tip shoes in helecopter Ben’s office and report back to Congress on their findings asap!

I agree. The financial oligarchs will resurrect Arthur Andersen auditors (Enron fame) or equivalent to conduct the audit. The FED and treasury are currently engaged in a shell game superimposed on the people of the U.S.