H.R. 1207: (U.S. REP. RON PAUL'S) FEDERAL RESERVE TRANSPARENCY ACT OF 2009: TO AUDIT THE FEDERAL RESERVE FOR THE FIRST TIME SINCE 1950

H.R. 1207: 111th Congress 2009-2010 Federal Reserve Transparency Act of 2009

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.

Congressional Research Service Summary

The following summary was written by the Congressional Research Service, a well-respected nonpartisan arm of the Library of Congress.

2/26/2009—Introduced.

Federal Reserve Transparency Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.)

Directs the Comptroller General to complete, before the end of 2010, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress.

(govtrack.us)

I am not a fan, per se, of Ron Paul and Libertarianism, but he is more right about this than not. The Federal Reserve needs to go. The people should not be paying interest on their own money (national debt) to private bankers, who have privatized the U.S. currency, making it the private money monopoly of European and American banking elitists, most notably the Rothschilds, acting as a global plutocracy.

Mammon is inherently unrighteous. The sooner the whole system is gone, the sooner the people will be free of evil.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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