Last week I posted about Representative Mel Watt (D. NC)'s decision to gut Ron Paul's Audit the Fed Bill, HR-1207. That post, and this one featuring South Carolina Senator Jim DeMint (R. S.C.) have details about the Bill.
An audit of HR-1207 is necessary because the unelected Wall Street bankers that operate the Federal Reserve are currently engaged in secret activities (involving huge transactions with domestic and foreign banks and governments) that, by law, are now hidden from Congressional oversight. It is deeply distressing to see that our elected representatives will not immediately vote to change the current law and give Congress full and unfettered authority to audit the Federal Reserve.
The image captured on the YouTube video below shows the edits made by Representative Watt to continue to preserve the Federal Reserve's secret activities. Ironically, Watt's edited the End the Fed law just makes oversight even more difficult.
An audit of HR-1207 is necessary because the unelected Wall Street bankers that operate the Federal Reserve are currently engaged in secret activities (involving huge transactions with domestic and foreign banks and governments) that, by law, are now hidden from Congressional oversight. It is deeply distressing to see that our elected representatives will not immediately vote to change the current law and give Congress full and unfettered authority to audit the Federal Reserve.
The image captured on the YouTube video below shows the edits made by Representative Watt to continue to preserve the Federal Reserve's secret activities. Ironically, Watt's edited the End the Fed law just makes oversight even more difficult.
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