Congressman Ron Paul: “I’m asking that you please call or email your Congressman to help pass Audit the Fed in the House this week”: www.auditthefed.com
About the Audit
The Federal Reserve, the unelected central bank of the U.S., enjoys a monopoly over the flow of our nation’s money and credit but has never been completely transparent and accountable to Congress since its creation in 1913.
Over its nearly 100 year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar while Congress has kept its hands off and its eyes closed. Since 1913, the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy.
During the current economic crisis, Congress, the Treasury, and the Fed have put us on the hook for over $14 trillion in bailouts and loans. This is in addition to our over $16 trillion national debt. When testifying before Congress in 2009, Fed Chairman Ben Bernanke refused to disclose which institutions received trillions of dollars in these bailouts and loans or to give our representatives details about what deals are being made with foreign banks.
Despite the limited audit passed as a result of grassroots activism in the 111th Congress, the Fed still refuses to fully disclose key details of its emergency lending.
Although the Fed is currently audited by outside agencies, these audits are not thorough and do not include monetary policy decisions or agreements with foreign central banks and governments.
Read rest on auditthefed.com