Audit the Fed Passes!

S202 Cosponsor map:

 

 

From Matt Hawes at Campaign for Liberty:

Minutes ago, the U.S. House voted to pass our Audit the Fed bill by a vote of 327-98!!

You can find out how your representative voted HERE.

Thanks for your help to achieve this historic victory!

Only a few years ago, few would have believed that two-thirds of the U.S. House would support a complete audit of the Federal Reserve.

It’s time to further shock the establishment by carrying our momentum over into the Senate.

And that’s where Audit the Fed faces its toughest test yet.

Ben Bernanke and his bankster pals know they can count on Senate Majority Leader Harry Reid and their other allies to do everything in their power to stop our transparency effort.

MORE

Date Set for Audit the Fed Vote!

From Matt Hawes Campaign for Liberty:

I have some very exciting news!

After years of C4L’s hard work to secure a standalone vote on Audit the Fed in the U.S. House, our day has arrived.

C4L has learned that Congressman Ron Paul’s H.R. 459, our Audit the Fed bill, will be voted on next Tuesday, July 24!

But this also means I need the help of each and every C4L member more than ever before.

Audit the Fed will be brought up under a “suspension of the rules.”

So the Fed’s allies won’t be able to offer ANY amendments to try to water down this historic bill!

But…

It also means we need two thirds of the House in order to win – instead of just a simple majority.

So it’s vital you contact your representative right away and spread the word to your friends, family, and online contacts.

 

Read more here.

Fed Audit Hearing Oct 4 2011

A rare Fed dissent from three regional presidents

The Federal Reserve has kept its short-term interest-rate target at near-zero for 32 months, and yesterday its Open Market Committee announced that it’ll keep the rate there for at least another 24 months. This is what a central bank does when it wants to appear to do something to help the economy but has already fired most of its ammunition.

The announcement of a specific mid-2013 target date supplants language that near-zero rates would continue for an “extended period.” The idea is to assure markets that the Fed won’t tighten for a very long time. Investors who want higher returns will have to go further out on the risk curve for longer, and so perhaps this will keep long rates lower for longer. Equities—one form of risky asset—certainly reacted well yesterday.

Read more here.

The Federal Reserve has kept its short-term interest-rate target at near-zero for 32 months, and yesterday its Open Market Committee announced that it’ll keep the rate there for at least another 24 months. This is what a central bank does when it wants to appear to do something to help the economy but has already fired most of its ammunition.

The announcement of a specific mid-2013 target date supplants language that near-zero rates would continue for an “extended period.” The idea is to assure markets that the Fed won’t tighten for a very long time. Investors who want higher returns will have to go further out on the risk curve for longer, and so perhaps this will keep long rates lower for longer. Equities—one form of risky asset—certainly reacted well yesterday.

Ron Paul on CNBC: I worry most about consequences of Currency Destruction – August 10, 2011

Ron Paul ‘We Have Not Learned Our Lesson’

Ron Paul: The Economy is Collapsing Right Now 5/30/2011