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No matter what they tell you, it is OUR money they are spending.

9 May, 2009

I think it is time that the citizens of this country make their voices heard again. Many of us have begun to understand that the Federal Reserve System is a private system (though it calls itself FEDERAL), that is in the hands of Ben Bernanke. There is no body of the government with oversight, regulation, or even the right to ask questions or make suggestions.  And as we have learned, when the TARP was passed in 2008, The Secretary of the Treasury, then Henry Paulson, didn’t even have to explain what it was he did or why.  Our monetary system is in the hands of people who have no obligation to protect its citizens; it is capable of printing lots and lots of paper money without justifying the whys and wherefores to us – even though that very money weakens the value of what little we already have. I think we need to let them know we don’t approve and support the two bills asking for more transparency: S.604 and H.R.1207.

Do you remember this? Where does Knollenberg  think he gets the money he spends?

On 26 February, 2009, Rep. Ron Paul introduced 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.

Later Paul spoke to the Chairman of the Federal Reserve, Ben Bernanke at a session of a Joint Economic Committee. Does Bernanke sound like he cares with what we’d like to know?

On 16 March 2008, Sen Bernard Sanders [VT] used the same language in S.604, he bill he introduced into the Senate.

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.

There were no cosponsors for this bill. It was read twice and is currently in the Committee on Banking, Housing, and Urban Affairs.

Call, fax or write your Senators and ask them to cosponsor this bill and get it out of committee.  They need to listen to their constituents (not the lobbyists, corporations, or donors) but to the people of the U.S. they are supposed to represent. If they don’t hear you, vote them out. Your Senators are listed (here).

Meanwhile, in the House there are now 143 159 cosponsors for H.R. 1207. The list has been growing. You can see which Representatives have already realized that new legislation is needed to control the FED’s actions. They are listed on the following page. Send them a note telling them you appreciate what they have done and ask them to get this bill out of committee. If you Representative is not on this list, call, fax, or write him or her. If you don’t know who your representative is, follow this link (here).

It IS our money and we have a right to know what they do with it and who they give it to.  We just have to remind them to do their job.

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