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Paul’s Fed Audit Bill Passes House

July 26, 2012 by  

Paul’s Fed Audit Bill Passes House
For a decade, Ron Paul has been trying to get his Fed audit bill passed.

Ron Paul’s revolutionary bill to audit the Federal Reserve passed the House of Representatives overwhelmingly by a vote of 327-98 on Wednesday afternoon.

Paul’s bill received backing from all House Republicans but one (Representative Bob Turner of New York), as well as support from 89 Congressional Democrats.

Representative Dennis Kucinich (D-Ohio) said of the bill: “The Fed creates trillions of dollars out of nothing and gives it to banks. Congress is in the dark. The Fed sets the stage for the subprime meltdown. Congress is in the dark. The Fed takes a dive on LIBOR. Congress is in the dark. The Fed doesn’t tell regulators what is going on. Congress is in the dark.”

He also noted that the vote occurred the same day The Washington Post published a damning story about how the New York Fed “did not communicate in key meetings with top regulators that British bank Barclays had admitted to Fed staffers that it was rigging LIBOR,” the index that sets interest rates worldwide.

Despite the victory, a Senior Senate Democratic aide said the bill isn’t likely to go anywhere in that chamber in the near future, according to the Huffington Post.


Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

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  • revnowwhilewecan

    These are the people who voted AGAINST audit the Fed. DO NOT re-elect these two-faced, corruptible crooks!

    • TIME

      Dear Rev,

      How sad is it that this passed – but will be DOA in the Senate.

      Peace and Love

    • eddie47d

      I generally like my Representative but she is on your list of not voting for this audit. I just sent an E-Mail to her office and voicing my displeasure. This audit has been needed for about 80 years now.

      • TIME

        Dear Eddie,

        BRAVO! Thank You.

        Peace and Love

    • revnowwhilewecan

      Yea bro. Stay tuned for the Senate list! They to will be exposed and eradicated! The shift is on……

      • TIME

        Dear Rev,

        I bet we will be looking at an easy 65 of them, and thats sad.

        Peace and Love

      • phideaux

        I doubt you will ever see a senate list because as long as Reed is in charge he won’t let it even be discussed.

  • Peter

    “Despite the victory, a Senior Senate Democratic aide said the bill isn’t likely to go anywhere in that chamber in the near future, according to the Huffington Post.” Typical self-interested politicians with corporate hands up their spineless backs guiding their every move. ‘Immediately do nothing’. We the people need to act, act quickly and act decisively. Right now! Or freedom as we knew it is totally lost.

    • The Christian American

      I hear what your saying but look at the choices we gave ourselves. Obama and Romney, a pair of republicrats

      • Peter

        My friend, it’s not about the choices the elites give us, it’s about action!

  • http://none chuck middaugh


  • Sirian

    Both sides have always known what the FED is and is not.
    This has been accepted since 1913 so the level of deceit lies within the laps of hundreds if not thousands of politicians – of any stripe. This bill is good in one sense but it should be a common understanding that it will not make it through the Reid Senate. Is this not common place anymore? Kucinich’s statement is funny since as I said, they’ve all been fully aware of the FED for decades. In simple terms the FED has used all of us, politicians included. HA, they’ve either unwittingly allowed or have quietly persuaded the politicians to paint them into a corner, so to speak and they’re not so sure what to do – just yet.

    • The Christian American

      The last president that tried to do something about the Federal Reserve was Kennedy and look what it got him. A bullet in brain.

      • Bob

        Most people have never heard of the fact that Kennedy put the athority to create money back into the Treasury Dept and took it away from the ‘FED’ by Presidential Decision Dirrective.

      • Bob

        Or, That Johnson’s first official act as President was to reverse Kennedys action, even before creating the Warren commission.

  • Cribster

    Here’s a link to encourage your senators to do the right thing;

  • Mike the American

    We need a bill passed telling the public exactly who are the shareholders within the federal reserve.

    • TIME

      Dear Mike,

      Thats all public knoledge, as well really quite easy enough to find.
      So why would you want a bill passed?

      Look all of you when I post something its out there and YOU can find it and Prove it to yourself!

      Its really quite simple but you do really have to want to do it, afterall sleeping has been the option used by Americans now for over 160 years.
      As we are rounding the end of the game now. You don’t have until 2016, you don’t even have until 2013.

      If YOU – “re elect” – any Congress or Senate person who voted for the NDAA or the PA – if your in the – MIDDLE CLASS YOUR TOAST!

      Peace and LOVE

    • Winddrinker

      The Federal Reserve Bank has nothing to do with the Federal government and it has no reserve except its “printing presses.” It is privately-owned by the likes of George Soros and his ilk, the wealthiest people in the world…They think they should rule the world and are using their Billions of Dollars (they printed) to establish the One World Order. Of course, they will be the ones in charge and the masses (you and I) will be their subjects.

      THE FED NEEDS TO BE ABOLISHED, IMMEDIATELY! This privately-owned “printing press” is used to rule our economy, devalue our dollar, and has the fate of the U.S. in its “ink bottles.” It is no surprise these are the richest people on the planet when they can print American Dollars, in any amount they want, when they want. They answer to NO ONE! They can and do send the American Dollars they print, out of the country to their own out-of-country banks, and the banks of our enemies! The Federal Reserve is a group of elite families that have OWNED our country since 1913! We, as Americans, DO NOT OWN our money (thus we do not own our country)! If that isn’t scary enough, just think that all the government officials have known this for 100 years and they have done nothing to stop it!

      There is a very old book written many years ago titled, “The Captain and the Kings.”
      It is enlightening and about an international group that runs the world. This group decides when wars are to be fought and who will win, what countries will be successful and which ones will wallow in poverty.. It is fiction, but the author had to have had some knowledge of the FRB and how the owners operate.

      • http://yahoo Jim

        George Soros might control Obama, Holder, Hillary Clinton, Bloomber and the Brady bunch but they don’t control me. I was born a free American citizen and not money or a Communist president will control me or my family. I am not nor ever was a subject to Nazi Germany nor was I a Communist, as a matter of fack I was one of the grade school students that had do hide under the desk when the Nuns would practice if we were under nuclear attack by the USSR and we would laugh at the drill as though it was BS, but now after Reagan brout down the USSR and Communism, I realize that Obama and his mentors just took a new approach to Communism and has infultrated America directly from the White House and I knew it before the 08 elections because I read Obama’s books and when I did I read between the lines and if convinced me that I would vote for Mickey Mouses dog Goofy before I voted that Communist into office. Yes I did vote for McCain even though I also knew that his suffering in the Hanoi Hilton affected his mind but it would be better the what the voters put in charge of our country, now in less then 4 years Obama has showed his hand and did everything in his power to show that when he swore to defend the Constitution he couldn’t wait to be re elected to show his true agenda and policies which are to brin our great Country down by taking down our economy and if these liberal sugar teets can’t see it which is obvious then whoever does vote for this Chicago criminal then they are all for destroying America from within, and as long as we still have the Constitution to keep our freedoms, I will fight to the death to defend what our forefathers gave us with their infinite wisdom.

  • eddie47d

    Is this a dream come true? It’s been a long time coming thanks to the efforts of Ron Paul.

    • Peter

      Eddie, are you somehow straddling the fence? Come on in, the water’s fine!

  • attentive voter

    … use this link and voting privilige to get Mitt Romney to let his tax and bank associations get audited as well. How come the FED is under such scrutiny when romneys affAIRS should be open to the voters as well – not as he sees fit but as the voters do!

  • Gary L

    Does anyone actually believe for one second that this will get past the senate. Those crap-for-brains Obama but kissers will never allow it to pass.

  • joyce van staaveren

    The Republicans need to put a ad together and let this battle over this bill be exposed right now to the American people. Expose the senate Democrats!

  • sj

    Just another shell game to take your eye off the pea.

  • Amelia

    Without question, the Federal Reserve should have been audited yearly from the beginning. Besides, the System belongs in the House of Representatives where the responsibility for the coinage and value of our monetary system belongs…not a group of international and foreign banker who are not accountable to anyone….

    Rep Ron Paul SHOULD be our NEXT President.

    • The Christian American

      Rothschild said it all: “I care not who writes the laws, so long as I control the money”. How many of the Senators are lapdogs for the Rothschild’s and their ilk?

  • The Christian American

    Before the 17th Amendment, Senators were appointed by our State legislatures. In this way the States were assured of representation in the Federal government. Ron Paul’s bill would of been assured passage in the Senate because the state legislatures are behind it. Now? We’ve got of bunch of aristocrats who have sold their souls to the highest bidders and they don’t want you to know what’s happening with your money. We’ve even got Zionists who in reality represent foreign government, not America or the American people. It’s wonderful the backing that Ron’s bill got in the congress but the Senate? Unforunately Ron Paul is a general without an army. What’s Romney’s position on Ron’s Bill? We know what Obama’s is.

    • Carl Manning

      Romney has come out before and said we do not need an audit of the FED. I think he knows quite well what they will find. He wants that funny money available if he becomes President.

  • Jay

    Auditing the Fed is an exercise in futility. What, pray-tell, will the audit reveal; the “Ponzi-scheme”(fractional-bankinking”) perpetrated on the American people since 1913? Not exactly a Revelation! And then what? Nonsense! This has no legs, and even if it did, pass the Senate, not exactly an effective weapon for dealing with the monster. However, it will provide concerned on-lookers with the warm-fuzzy-feeling that something is being done about the corruption.

    As a poster stated above; “Just another shell game to take your eye off the pea”. I tend to agree!

    • Carl Manning

      Actually, the FED sent 15 Trillion dollars to overseas bank, HSBC, in 3 installments of 5 trillion dollars each with the backing of a completely fictitious amount of gold from the Bank of Indonesia. The 3 tranches (wire transaction installments) all had Bernanke’s signature on them. Go to if you care to see the documentation. It’s there for all to see. The MSM will not touch this because they may know that this is one of the ways the evil CIA funds its nefarious deeds. Romney, Obama, the Bushes, Biden, and the Clintons are all involved TOGETHER in a massive money-laundering scheme with many other key Congressmen, Senators, and likely even Chief Justice John Roberts. It’s a big bribery scheme. They have friends in Europe aiding and abetting these crimes. It is an international crime of epic proportions. They have already tried three times to kill Ed Falcone, one of the men suing them to get his money back. Those of you “banking” on a Romney win in November really haven’t a clue what kind of criminal whore this man truly is. This crime ring is the nexus of the District of Criminals and Wall Street banksters. A complete audit of the FED would elucidate these crimes to the Congress, start massive inquiries a la Watergate followed by massive arrests. It would shock the American political system and the American People to the core when they take off the mask of the fictitious two-party paradigm and see the criminal cabal for what it’s all about. When they discover these Presidents and DC movers and shakers in the Congress, Senate, and SCOTUS are all in the same criminal cabal together, many will have their minds completely blown away.

      • Jay

        Thank you, Carl!

    • Peter

      Jay, agreed, but the trouble is, it may be in the public realm, but it most certainly is NOT public knowledge or there would be riots in the streets already! We need the 95% to rise above their apathy and see the forest among the trees. Sadly, I fear that won’t happen, because the elites own their ‘minds’ via brainless clap-trap on TV and elsewhere. Bread and circuses rule those who allow themselve to be ruled. Happy 95% sheeple.

  • clarke

    While we are at it auditing the Fed, why not take a look in Fort Knox just to see how much gold isn’t there.

    • Frank W Brown


  • Purplewarrior


    • steve


    • Frank W Brown

      I SO agree that term limits are necessary to keep our elected officials from becoming CAREER politicians!! The congressman from my state has been in D.C. for over 25 years!!
      Do you think he might be feathering his nest?? We need, no must have, regular citizen legislators willing to look out for our country, not lining their own pockets! If YOUR representatives have been in office more than one or two terms, YOU need to work on voting them out, and I mean WORK on it! The perks and bonuses these folks have is unbelievable. Why should their health care and retirement plans be any better than the plans us regular people live by and on? WE NEED CITIZEN LEGISLATORS NOW!!

      • DaveH

        Term Limits are just a feel-good placebo. What’s to keep the PTBs from installing another puppet with the rubber-stamp of the electorate? Nothing but voter education.
        Until we get an educated electorate, nothing much else will matter.
        Thank you Personal Liberty for your efforts in that endeavor.

  • http://peresonallibertydigest.. gottaplenty

    How do you know how you stand in your own household if you don’t have your bank statements reconciled and a budget . . Say you had a store and a bunch of idiot kids that just dipped out of the till any time they went by. That is the way our govt is opperated. . Make them accountable…

  • Lawrence

    aUDITING IS AN ACT OF FUTILITY. Abolish the fed.

    • DaveH

      I second that motion.
      There is only one Political Party likely to pursue such an event. Vote Libertarian!

    • Carl Manning

      Trust me when I say that once they fully audit the FED, abolishment will happen in short order.

  • rawise

    I don’t believe it. I’ll believe it when I see it. But YEA RON!!

  • DaveH

    It’s interesting to note that the so-called Party of the Rich (Republicans) voted 238 to 1 for the audit, while the so-called Party of the Poor (Democrats) voted only 89 for the audit and 97 against it:
    It’s time for you Liberal Followers to wake up to what your Leaders really stand for.

  • MNIce

    To all of the staff of when you report on bills in Congress, could you please include the bill numbers (H.R. xxx or S. xxx) so we can look them up and read them for ourselves? It’s much easier to search with the bill number than with keywords.

    Thank you.

  • Silas Longshot

    Another one that’ll never see daylight thanks to dirty Harry.
    People, get out and vote ALL of them out who are democrat obstructionists and RINO conspirators.

  • Robert Rashbrooke

    I recently went onto the Bank of England’s web site to look into their history. The Bank was founded in 1483 in exactly the same way the Fed was established, i.e. the Bankers gave the British Government 1,2 million Pounds to be able to set up a private corporation. This state of affairs lasted until 1946 when the British government nationalised the Bank of England, which is now a Department of the government.

    Unfortunately, if the same were to happen here and the Fed was nationalised, what would happen to the debt, which probably would have to be accepted and taken over by the Federal Government? There are so many articles in print that say that the Federal Debt is completely unpayable – it is simply too large. However, the INTEREST of some $1.3 trillion would no longer be payed out to the once private ownership and could ostensibly be used for other things. But as the Egyptian government found out, when you nationalise something, even if you do not immediately pay for it EVENTUALLY you have to. Not being an economist or banker I have no idea what the ramifications of such an act would be, or whether or not it is even feasible. Anyone got any ideas?

    • Jay

      Currently all we do is exchange FED money (interest attached) for real U.S. money (interest-free) dollar for dollar as Kennedy tried to do. We should not be required to pay interest on our own currency. According to Benjamin Franklin, this was one of the primary reasons we fought the Revolutionary War. Today we are still fighting the same family of bankers.

      The U.S. Government can buy back the FED at any time for $450 million (per Congressional record). The U.S. Treasury could then collect all the profit on our money instead of the 300 original shareholders of the FED. The $4 trillion of U.S. debt could be exchanged dollar for dollar with U.S. non- interest bearing currency when the debt becomes due. There would be no inflation because there would be no additional currency in circulation. Personal income tax could be cut if we bought back the FED and therefore, the economy would expand. According to the Constitution, Congress is to control the creation of money, keeping the amount of inflation or deflation in check. If Congress isn’t doing their job, they should be voted out of office. Unfortunately, voters can’t vote the FED or its Chairman out of office.

      If the government has a deficit, we could handle it as Lincoln and Kennedy did. Print money and circulate it into the economy, but this time interest-free. Today the FED, through foreign banks, owns much of our debt and therefore controls us. The FED will cease to exist as taxpayers become informed and tell other taxpayers. The news media
      and Congress will have no choice but to meet the demands of grass roots America.


  • What?Me Worrie? @2012

    Great going Paul!!!!


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