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Obama and the Democrats are Going to Stop the Audit the Fed Bill


On Wednesday, Ron Paul’s bill to audit the Federal Reserve was overwhelmingly passed by the U.S. House of Representatives. The vote was 327 to 98. You would think that a bill with such overwhelming support would easily become law. But it won’t, because Barack Obama and the Democrats plan to kill it.

Senate Majority Leader Harry Reid has already said that the Senate will not even consider the bill. But of course if Barack Obama called Harry Reid and told him that he wants this bill to get through the Senate so that he could sign it then Harry Reid would be singing a much different tune. Sadly, we all know that is not going to happen. Barack Obama’s good buddy Ben Bernanke called the Audit the Fed bill a “nightmare scenario” last week, and Obama is certainly not going to do anything to upset Bernanke – especially this close to the election. Obama needs Bernanke to do everything that he possibly can to stimulate the economy so that Obama will look as good as possible in November. The sad truth is that there is absolutely no chance that the Audit the Fed bill will become law and that is a crying shame.

So why is an audit of the Federal Reserve so important?

Why does Federal Reserve Chairman Ben Bernanke consider an audit of the Federal Reserve to be a “nightmare scenario” that must be avoided at all costs?

Well, perhaps it is because there has never been a true comprehensive audit of the Federal Reserve since it was created back in 1913.

The Federal Reserve has more power over the economy than anyone else in the country does, and yet they are virtually unaccountable and the American people have very little idea what has been going on behind closed doors over at the Fed for the past 100 years.

A very limited audit of the Fed that was passed a couple of years ago that examined transactions during the last financial crisis discovered that the Federal Reserve had actually loaned out more than 16 trillion dollars in nearly interest-free money to the “too big to fail” banks between 2007 and 2010.

Keep in mind that U.S. GDP for the entire year of 2011 was only slightly more than 15 trillion dollars.

The Federal Reserve loaned out trillions upon trillions of dollars to their friends and never told the American people about it.

Whoa.

You would think that Congress would be quite eager to see what else has been going on over at the Federal Reserve.

But instead, many Democrats are completely and utterly opposed to auditing the Fed any further.

U.S. Representative Barney Frank (a Democrat) seemed to regard the bill as a joke even after it overwhelmingly passed in the House. Frank stated that “nobody here thinks this will ever become law”.

According to Politico, there is zero chance that the bill will get through the U.S. Senate….

Senate Majority Leader Harry Reid (D-Nev.) has said the Senate will not consider the bill, effectively killing its chances of becoming law.

But we all know that if Obama wanted this bill to become law that it would be a done deal.

If Barack Obama came out tomorrow in front of the television cameras and declared his support for this bill it would sail right through the Senate.

Unfortunately, the Obama administration has made it very clear that it considers a comprehensive audit of the Federal Reserve to be a really, really bad idea.

For example, Treasury Secretary Timothy Geithner once stated that auditing the Fed is a “line that we don’t want to cross” and that if we did audit the Fed it would be “problematic for the country”.

So what exactly did he mean by that?

That is a very good question.

In any event, people should take this as an opportunity to confront Barack Obama about the Audit the Fed bill wherever he goes.

Perhaps Obama will prove me wrong.

Perhaps Obama will show that he is willing to stand up to the Federal Reserve.

In fact, if Obama gets this bill pushed through Congress and signs it into law, I will not criticize him for an entire month.

But we all know that will never happen.

The Federal Reserve is going to be able to continue to keep their secrets hidden from the American people.

The following is what Ron Paul had to say following the vote on Wednesday….

“I think the whole idea that they can deal in trillions of dollars and know that nobody is allowed to ask them a question is a moral hazard.”

And Ron Paul is right.

If the Federal Reserve can zap trillions of dollars into existence out of thin air and loan that money to their friends at the big banks and to central banks in other countries, then it should not be too much to ask them to be accountable to the American people.

Over the coming months, the American people will heatedly debate whether Barack Obama or Mitt Romney would be better for the U.S. economy.

But the truth is that the Federal Reserve has far more power over the U.S. economy than the president of the United States does.

The Federal Reserve has been called the “fourth branch of government” because of how much power it has. The Federal Reserve sets our interest rates, it determines the level of our money supply, it regulates and secretly bails out our banks, it determines the “target rates” for unemployment and inflation, and every small move the Fed makes causes global financial markets to swing wildly.

The Federal Reserve does all of this without ever having to be accountable to the American people. In fact, whenever a bill is introduced that would shed some light on their activities they whine and cry about how important their “independence” is.

In a previous article, I described how preposterous this all is….

For a moment, imagine that there is a privately-owned organization in the United States that can create U.S. dollars out of thin air whenever it wants and can loan that money to whoever it wants to. Imagine that this organization is able to act with the full power of the U.S. government behind it, but that nobody in the organization is ever elected by the American people, and that for all practical purposes the organization is not accountable to the president or to Congress. Imagine that the organization is able to make trillions of dollars of secret loans to banks, to foreign governments and even to their close friends without ever having to face a comprehensive audit. Does that sound preposterous? Well, such an organization actually exists.

The American people need to stand up and demand an audit of the Federal Reserve.

We deserve to know what is going on over there.

Sadly, the mainstream media makes it sound as if hell has a better chance of freezing over than this bill does of becoming law. The following is from a USA Today article that was posted on Wednesday….

The bill stands no chance of becoming law because the Democratic-controlled Senate will not take it up. The vote, however, served as a symbolic swan song for Paul, who is not seeking re-election. It is also an indicator of how Paul’s economic views have gone more mainstream, particularly within the Republican Party, in the wake of the 2008 financial crisis that shook Americans’ confidence in Wall Street and the federal government.

Well, let us hope that this kind of a bill keeps getting introduced in Congress.

Perhaps someday we actually will get a real audit of the Federal Reserve.

When that happens, the following is a list of questions that I would like to see asked by those auditing the Fed….

If the Federal Reserve is supposed to prevent shocks to our economy, then why have there been 10 different economic recessions since 1950 and why are we about to enter another one?

Was the Federal Reserve involved in the manipulation of Libor?

What role did the Federal Reserve playing in creating the housing bubble that resulted in an unprecedented housing crash?

Why has the value of the U.S. dollar fallen by 83 percent since 1970?

Why is the Federal Reserve paying U.S. banks not to lend money?

Why did Barack Obama nominate Ben Bernanke for a second term as head of the Federal Reserve when Bernanke has a track record of failure that makes the Chicago Cubs look like a roaring success?

Why is the U.S. national debt more than 5000 times larger than it was when the Federal Reserve was created in 1913?

Why were the Federal Reserve and the personal income tax both pushed through Congress in the same year in 1913?

Why does the Federal Reserve argue that it is “not an agency” of the federal government in court?

Why do all 187 nations that belong to the IMF have a central bank?

Do you have any other questions that you would like to have asked during an audit of the Federal Reserve? Please feel free to post a comment with your thoughts below…

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11 Responses to " Obama and the Democrats are Going to Stop the Audit the Fed Bill "

  1. James United States says:

    OK If they won’t let them audit the feds for OUR money, then how about we kill them ALL instead (INCLUDING ALL DEMOCRATS civilian or otherwise?

    I think its an idea whose time has long since come.

    This is what the Zio-Bolshevik DEMON-CRAPS fear…that we will FINALLY get tired of their crap and kill them all. And don’t forget their families because rotten fruit comes from rotten trees.

    The whole thing must be uprooted!

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    • jon Mexico says:

      The history repeats itself. The same scenario as before WW2, caused by the same Zionist families. They are the cancer of the planet and have to be treated as cancer. American people have the last chance to fight back before Obama takes all the guns from them. I would like to know how many Americans understand they will have to fight not only for the freedom but for their lives!

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      • Discover Truth United States says:

        @Jon, I cannot tell you how I know for obvious reasons, but 75% of Americans from a variety of demographics admit that they are knowing, ready and willing to fight. They will never take our guns. **This is a global message** : Police and (para)military of the world, stay at home the day they try to implement weapon confiscation. I am sure you all have weapons, and only wish to protect your families. This is why you show up at work every day to “protect and serve” and fight “all enemies, foreign and domestic.” If you don’t show up to work, you don’t get paid, your families don’t eat… we know, we understand, but we just won the fight THAT instant. However, the day there is an attempt to take all of the guns, it will be a CATASTROPHIC tragedy at the unfathomable, yet preventable loss of life… in vain. The agenda WILL fail, and only lives will be taken in the end. We fight for you, whether you fight along side of us or not, because we have no choice. “It is better to die on your feet than live on your knees.” We need each other more than ever and must see passed the smoke and mirrors in which we are pitted against one another. Avoid Racism, antisemitism, segregation and prejudice of all forms. it’s no common person’s fault, it is these governments who “borrow” our money to play NUCLEAR chess, and we are all the pawns… the first to die…. The event horizon is nigh. 2012 is not the end, but the beginning. Focus, and take back, to care for what is rightfully the innocents’. (Higher Power Bless) (Peace to all) Will alone WILL overcome tyranny. The pen is mightier than the sword, but it takes will to start writing, live the direction.

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        • jon Mexico says:

          I am coming back after 6 months and now you can see the results. FED is going to continue destroying USA ( not only )! Plus the day American people are going to be disarmed is pretty close.. Like 911 was government job for the purpuse to start war, shooting massacres (orchestrated by government again) have already created the platform for gun control. At this time it is on program number 1 and will be soved by March 2013.

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  2. Discover Renewable Energy United States says:

    If they stop this bill, they are NO LONGER our government. They are stealing from us and harming us with the funds they illegally obtain. The United States declared Independence from Britain over taxes… a lot fewer and significantly less demanding that we are under pressure from now. Most of the money they take is unaccounted for, and they are starting wars left and right due to the “permanent war economy.” Grant it, they pretty much stopped caring about the common person way before this, but they are biting the hand that feeds…. Stop feeding them!!

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  3. Discover Renewable Energy United States says:

    than we are under* BTW… as a civilization, we are failing. We have no aspirations for space exploration or advanced energy systems to accomplish it, it is suppressed. Nasa has been around how long, and just takes pictures of things far away, yet knows next to nothing as they’d like us to believe? I call BS. More diseases are being created than cured, especially cancers. How much longer until our planet turns brown and we realize it was much simpler to live in a WONDERFUL world where we CAN all collaborate and revel in awe at the accomplishments we would achieve if we managed to pull together and remove that which holds us back/down. The event horizon is approaching, 2012 is a global shift in conscious direction at a race. We will either change direction, or be our own undoing, and this started now, and every day before now. The clock is ticking… tick – tick.

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  4. Discover Renewable Energy United States says:

    consciousness*

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  5. Philippino Philippines says:

    @Discover
    How about the PISTON ENGINE for the next 150 years!
    They wouldn’t even make an effort to replace the damn thing! At least just to say: you see, we are doing something to cut CO2… but no, NOTHING, ABSOLUTELY NOTHING!

    Now, about the FED.
    How a thief ends his carrier?
    -Through forceful surrender, he GOES to jail.
    -Through voluntary abandonment, he NEVER GOES to jail.

    I bet you it will be the second option!

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  6. Do or Die/Discover United States says:

    We need a solution. 8-O EVERYONE must set aside your differences… remember that we are ALL depending on a delicate balance to keep us all alive, and we are ALL in this together. We have one PLANET and ONE LIFE to get this right. These God-cursing, demon-hosting, smoke and mirror oppressors need to be stripped of their status and shunned away so they no longer have influence to distract. We either find a way to coexist, and solve our problems together, or apocalypse (war, starvation, disease, drought, disaster and raw, barren everything) will consume all that is left. All humans created equal, don’t be gullible and fooled into believing that any race, religion or belief is right or wrong, observe the Golden Rule ;) A soul is a soul, and we cannot do this alone. The time has come for lambs to become lions, to dethrone these criminals making the terrible decisions that are herding our world toward the trial by fire, or we should cease trying everything else, because it is all in vain. We are approaching the event horizon… God help us all.

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    • jon Mexico says:

      The problem is there is no God and as long people still believe in God, there is no solution for them and history will continue to repeat itself… By the way, if there would be a god, why he would still wait and allow the same evil from the same families (zionist jews) to kill people for their sick dream to ovepower the world? More over it: why he would say that jews are chosen nation and allow them to kill Palestinians for more almost seven decades? There is nothing like a God existing and because the Zionists know that, they are doing to other people whatever they want to !! Also pope has made changes in Bible under presure of jews. Does it speak for itself enough? People have to fight for their freedom a lives and not to wait for any god to dave them. You have only one life as every other creature in the nature (animals, plants).

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  7. Why is the Federal Reserve allowed to keep the names of its owners a secret? Why is the Federal Reserve allowed to own and. control the news the American people receive through ownership of AP and RT, and interest in all major networks and most of the large newspapers and magazines,. It has even been said they control the major pharmaceutical companies in the U.S. This is too much control and if they actually paid banks no to loan American people money they have total control of our future whether we have a financial recovery or not. They aren’t supporting this country any longer if they ever did. They got quite rich off the American people. We have gone from a one person worker in the family in the 1970′s to two in the 1990′s and our lives have not improved at all only maintained only now our children don’t have Mom at home. It is time we get rid of the Federal Reserve. Don’t expect Obama to do it or any president for that matter, they are all working for the Fed, not the people. This is so obvious when we look at how Obama sided with them during the foreclosure crisis and also why doesn’t Obama want to audit the Federal Reserve. It has been said that the Rothschild’s own the Federal Reserve and that they are worth $500 Trillion or half the entire world’s wealth. Interesting…how did they earn this money ? That would be the question, how did they become that wealthy? It has also been said that Lincoln and Kennedy wanted to get rid of the Fed and were in the process of doing just that and we all know where they ended up. Is this something that anyone going in to politics today needs to know that you really don’t have the power to change things for the better in this country you only have the power to listen to what the Fed wants you to do.

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