Press TV, Sept. 18, 2014The US House of Representatives has overwhelmingly approved legislation to audit the Federal Reserve, the central banking system of the United States.
On Wednesday, the Republican-controlled House voted 333 to 92 in favor of the “Audit the Fed” bill that would authorize the Government Accountability Office (GAO) to audit the Federal Reserve’s board of governors and banks within one year and present a report to Congress on the findings.
Presently the GAO is severely restricted in the conduct of such audits.
In 2012, a version of the legislation sponsored by former Representative Ron Paul was approved by the House by a vote of 327 to 98.
The Texas Republican had proposed similar legislation back in 1983, but it failed to gain much support at the time.
The Obama administration has given the Federal Reserve new powers to oversee the financial system and regulate it, but Paul believes there should be more transparency on the side of the government.
Representative Paul Broun said the bill would make the system at the central bank more transparent.
“This is a vital piece of legislation that will help to usher in a new era of transparency in this nation’s monetary policy,” said Broun, the bill’s sponsor. “The Federal Reserve is a creation of Congress, and it must therefore be subject to the oversight and regulation of Congress.”
Representative Thomas Massie urged the Federal Reserve to make its system more open to the public.
“Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations,” Massie said.
GJH/GJH
http://www.presstv.com/detail/2014/09/18/379094/us-house-passes-audit-the-fed-bill/
never happen.
Even if it did happen, it would be smoke and mirror time. They would appear to be appeasing the 99 percenters while dishonestly approving everything the fed is doing. Zero would change.
Pardon me a moment while I upchuck….
i agree with Paul… this is just smoke being blown.. there are way too many high ranking officials tied in with this.. if there was an attempt to audit them then you would see a bunch of hits pop up..
It will be an audit as thorough as Eric Holder investigating himself,yep nothing to see here and absolutely no wrong doing has occurred ,EVER. Not only that they will loose any incriminating emails too!
~Congressional ignoramus on the Banksters dole
Sure they will….vote in the mid term elections, lol. After the fact, hurry up and wait for nothing! I have a fishing hole in Kansas stocked as well.
Hate fish 😆 😎
“The Federal Reserve is a creation of Congress…”
Sure it is! That cartel of criminals that had that secret meeting on Jekyll Island must be Congress!
Why would it matter now, they may criminal activity, NOT!
The 1792 coinage act makes it a felony death penalty for debasement of our currency. Death to all who debase our currency! The act states our currency is to be 9/10 pure gold and silver with no mention of fiat paper currency. END THE FED, do not audit it.
My Fellow Americans:
Ok,…..
Lets try this one more time:
You don’t, “End The Fed”,….
You “ARREST THE FED!!!”
Every last one of those filthy, International/Zionist-Jew scumbags.
ARREST THEM,.. CHARGE THEM, CONVICT THEM,.. and HANG THEM,… including that douchbag,.. Yellen.
Note To Americans: “Auditing”,.. The Fed,.. is simply giving them another opportunity to prove how clever they are at accounting fraud!,.. nothing more!,.. of course their books will balance!,… of course the audit will show nothing illegal!,… of course the the report may find, “one or two discrepencies”,.. but nothing raising to the criminal level,….. OF COURSE THATS WHAT THEY WILL FIND!!!
The mere suggesting of “Audinting The Fed”,.. is to LEGITIMIZE THEM!!!,.. period,.. bar none! This would be like auditing,…. Charles Manson!!,…. and ignoring the murders!!
My Fellow Americans – There is only one way out of this,… we all grow balls as big as church bells,… and do,.. what needs to be done,.. and we all know what that is.
JD – US Marines – 101 years of theft, fraud, and national rape,… and the best that can be done is seeing if they know how to keep two sets of books??? WTF!!
.
states and cities also have 2 books. the one they show you to squeeze out more taxes and the ones that show the real balance. trillions and trillions in total.
google cafr