H.R. 24 ‘Audit the Fed’ Bill Passes in House

By JC Collins

With all of the other economic and geopolitical events which are taking place this week we can now add the passage of the Audit the Fed bill in Congress.  The bill was overwhelmingly passed with a margin of 333 to 92.

Congressman Ron Broun issued the following statement:

“Today’s passage of the Audit the Fed bill brings us one step closer towards bringing much-needed transparency to our nation’s monetary policy. For the past 100 years, the Federal Reserve, a quasi-government agency, has acted under a veil of secrecy – controlling our monetary policy and thus, our economy. While in recent years, the Fed has been granted a greater role in overseeing the regulation of our financial system, current law specifically prohibits audits of the Federal Reserve’s deliberations, decisions, or actions on monetary policy. This lack of accountability and transparency has led to grievous consequences – and it must end.

“I applaud my colleagues, Republicans and Democrats alike, for their support of this vital bill, and I commend my good friend and former colleague Dr. Ron Paul for his leadership on this important issue. I strongly encourage Senate Majority Leader Harry Reid to recall his past support for this legislation – which he stated as recently as 2010 – and to bring this bill before the Senate for a vote, so we may deliver the transparency and government accountability the American people need and deserve.”

The full bill can be read here.

http://philosophyofmetrics.com/2014/09/17/separation-of-us-treasury-and-federal-reserve-begins/

House passes bill to audit Federal Reserve

The House on Wednesday passed legislation to audit the Federal Reserve System.

Passed 333-92, the bill would require the comptroller general to conduct an audit of the Federal Reserve’s board of governors and banks within one year and submit a report to Congress on the findings. A total of 106 Democrats joined all but one Republican in support of the measure. 

A version of the bill sponsored by then-Rep. Ron Paul (R-Texas) passed in 2012 by a vote of 327-98. Paul’s son, Sen. Rand Paul (R-Ky.), has introduced companion legislation in the Senate.

Rep. Paul Broun (R-Ga.), who failed to advance in a Senate GOP primary earlier this year, said the measure would increase transparency at the Federal Reserve.

“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.”

http://thehill.com/blogs/floor-action/house/218047-house-passes-bill-to-audit-the-federal-reserve

Look to your relationship to money, to see if you put heart there.

CREATE REAL VALUE WITHOUT ACTUALIZED FORCE.

Hold the vision…that collective wisdom is now celebrated.

Feel lighter… and that is all there is to it…

​Indian in the machine