Last year, I asked the Vice Chairman of the Federal Reserve Board who received $1 trillion in funds that the Fed handed out to domestic banks and financial institutions.He said, essentially, "I'm not going to tell you." More recently, I asked the Chairman of the Fed who received the half trillion dollars - that's $500,000,000,000 - that the Fed handed over to foreign central banks. He said he didn't know. Half a trillion dollars, and he doesn't know!
That kind of ignorance and arrogance must end. We need to audit the Fed. And now we're closer than ever.
The House passed our bill to conduct the first independent audit of the Fed in its 96-year history. Now it's time for the Senate to act.
A bipartisan group of Senators is pushing for an amendment to audit the Fed. This amendment is similar to the legislation that we passed in the House last year. It's called the Federal Reserve Accountability Amendment. It will ensure that the American people know to whom the Fed is lending our money.
The amendment is simple. If it passes, the Fed finally will be audited. Regarding all those billions that the Fed hands out like party favors, we will find out who, what, when, where and how. (We already know "why" - the answer to that question is "Wall Street Greed.") But if this amendment fails, the Fed can continue to make hand out our money to whomever it wants, without telling Congress or the American People.
We think we can pass the Senate Amendment, with your help. The amendment is already cosponsored by progressive heroes like Bernie Sanders, Pat Leahy and Russ Feingold. And joining us in this strange-bedfellows coalition are John McCain, Jim DeMint, David Vitter and Sam Brownback. (We hesitate to use the terms "bedfellows" and "David Vitter" in the same sentence, but that would be changing the subject.)
With such bipartisan support, you'd think that passing this legislation would be a slam dunk. Wrong. Wall Street bankers and their lobbyists are twisting arms and pouring millions into the campaign coffers of politicians on both sides of the political divide, to keep their sweetheart Fed loans under wraps. It's time to counter their influence-peddling by making the Senate listen to the united voice of the American People. (That would be you.)
A vote on the amendment is imminent. Time is of the essence. Visit UnmaskTheFed.com NOW to contact your Senators, and call on them to cosponsor and support the Federal Reserve Accountability Amendment.
Follow Rep. Alan Grayson on Twitter: www.twitter.com/alangrayson
They represent their pocket book and the people who elected them be dammed
Violence is off the table, civility must rule the day , hence the citizens must come up with a method to force their reps to act in their constituencies’ behest. How will it be done ? Yet to be determined
I really hate to be so negative but the reality is.............
The fact is that without the imposition of the regulatory change on November 9, 2007 the economy would have continued to boom with no crisis and short sellers would have failed. The smoking gun to the entire collapse in Private Sector capital formation and credit is in understanding the economic mechanism or, call it, the operating system, of “Private Sector” free enterprise Capitalism. These articles explain it.
Goldman Sachs Short Sales Based on Insider Information That The Banking Sector Would Collapse In November 2007
http://admc24-7city.com/files/V/goldman_sachs_short_sales_based_on_insider_information_that_the_banking_sector_would_collapse_in_november_2007.pdf
The real cause for the economic collapse: (56 page economic thesis)
http://www.admc24-7city.com/files/V/the_financial_crisis_-_the_real_causes_050409.pdf
Article re the economic and accounting mechanism of Capitalism:
http://admc24-7city.com/files/V/capitalisms_economic_mechanism_versus_socialisms_economic_mechanism_061209.pdf
The Secret of Capitalism - 1996:
http://www.admc24-7city.com/The_Secret_of_Capitalism/The_Secret_Of_Capitalism.pdf
Related Capitalism Diagrams:
http://admc24-7city.com/TheoryBankingEconomicsDiagrams
pietersa@loxinfo.co.th
+66898199980
why after all this stiulus are we still screwed, Why is our housing market still doomed. In europe property prices are rising. We American need to travel, then and only then will we see that we the middle classes are ripped off. We pay almost as much tax as they do in Europe when you count our extortianate property taxes, income tax and all the other hidden taxes, but we get nothing for thoses taxes. No health care, bad roads, bad schools!
Includes our Government
Since 1980 Rape Of Middle Class
1000B debt add on By 3 Conserv Prez=9000B
600B Budget to 3600
Jobs--99,000 Per month to Carter Clinton 222.000
9 killing conflicts to one for Carter Clinton
1980--1% owned 20% Total Financial Wealth
1989=36% (RR policies of 60% Tax Cut=80% increase))
2008--
1%==43%
10%==70%
20%==93%
80%==7%==120,000,000 workers Jesus is cheering?
Two Tsunami Disasters-- Financial-- Housing
Wall Street 100 % culpable.
Their guys in Congress and White House.
Flush up trickle down
clarence swinney
Greenspan die hard Repub--by admission
Look at Fed Interest Rate chart,
almost even chart unil Big Bleep Upward in 1996 and 1999.
Why? Elections
Elect Repub?
Clinton got 7 significant Interest Rate hikes in 1996.
Money supply tightned.
Six significant Interest Rate hikes June 1999 to June 2000.Up to 6.5%
Tightened Money Supply.
Bush suddenly got 1%.Big Increase in Money Supply.
When I saw the Two up Blips it looked strange. Now I know.
I could not see any reason except
Elect a Repub.
I could not see any reason except
Elect a Repub. "
Exactly. But now that Obama is in the White House, the Republicans are selling the "they're just as bad as us" line.
TARP 787 Billion
GM 50 Billion
Stimulus Act 799 Billion
AIG 180 Billion
2 Jobs Bills 100 Billion at least
PIPP unknown
TALF unknown
Maiden I,II, III unknown
Europe 500 BILLION
WAY more than just 1 trillion
My question is, Why would the colonists who fought against King George and the dictatorship of him create another type of King? They would NOT and did not.
This nation was intended from the first to have a council not a king... and when this happens, when we actually do get a council not a kingship or President or dictator the rules of power and the playing fields of, by and for the people will change... so long as one man rules there will always be discord, disagreement and destruction.
I realize very few of you will accept this information without an argument...
One can only imagine how different this world, and this nation would be without the likes of corporations and people like these folks are, "The Feds" (who are NOT federal at all). Imagine a world without Capitalism or the present form of religion or war... you can't, so don't even try.
Bottom line is, this nation has been and currently is being duped and enslaved by this corporation... If there is an Antichrist in this world, the Federal Reserve Bank is its name and the second head on this monster is the IRS.