Why is it that a comprehensive audit of the central bank of the U.S., the Federal Reserve System, has never happened? While you are answering that question, keep these points in mind:
1) According to recent polls, 75 percent of Americans want an audit of the Fed.
2) A current bill, HR 1207, which calls for a comprehensive audit of the Fed, has already passed in the U.S. House of Representatives and is co-sponsored by 317 members.
3) The companion bill in the Senate already has 32 co-sponsors.
4) The Fed has hired high-powered lobbyists and attorneys to help them avoid an audit.
It is time to audit this secretive and completely private entity, particularly the Federal Open Market Committee, which has steadily increased the money supply in the U.S. since its inception in 1913 to the point that our dollars have lost 97 percent of their purchasing power.
According the U.S. Constitution, Article 1, Section 8; "The Congress shall have power to ... coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures." Yet the Federal Reserve took over this responsibility under the guise that it would protect our economy from recessions/depressions.
Instead, the Fed's manipulation of markets has caused every major economic problem since it began, including the recent downturn in the economy and the catastrophe in the housing market. Much of what is done by this private bank is never disclosed to the very people to whom they are beholden - you and I.
If you would like to learn more about auditing the Federal Reserve System as well as other ways to pro-actively protect your rights and liberties, contact your local coordinator for Campaign for Liberty at email@example.com or (503) 290-6676.