Posts tagged: HR 1207

Dr. Bernanke we seem to have a minor problem, sir. You forgot to put anyone in charge of accounting for the $9 Trillion Dollars entrusted to us and now we don’t know where it went!

By Cheryl, September 11, 2010 9:45 am

In this video clip, INSPECTOR GENERAL OF THE FEDERAL RESERVE – ELIZABETH COLEMAN says she knows nothing about nine trillion dollars ($9,000,000,000,000) that is claimed to be unaccounted for. That’s $63,000 for each taxpayer. It’s also three times the amount of the entire annual federal budget of the United States missing in action! These numbers are simply staggering, yet they are getting amazingly little media coverage.

I think the the cashiers at Walmart are held to a higher level of accountability for their till contents than the Fed is for its own balance sheet.

There are many other problems with the Federal Reserve, which by the way, is not really federal nor a true reserve. Members of the Fed’s board of governors are appointed by the president, yet during their 14-year terms the U.S. president and Congress have no power over them. Even more revealing is the fact that the Fed is actually owned by the largest banks in the U.S.

“We’ve seen money go out the back door of this government unlike any time in the history of our country,” Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3. “Nobody knows what went out of the Federal Reserve Board, to whom and for what purpose. How much from the FDIC? How much from TARP? When? Why?”

Call congress and voice your support for HR 1207 to AUDIT THE FEDERAL RESERVE

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207

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Abolish the Federal Reserve Bank

By Cheryl, January 12, 2010 11:11 am
ONE DOLLAR ($1) in 1913 required $21.60 in 2007 to match value.
That’s a 96% devaluation of our currency since the Federal Reserve came into existence.

It’s surprising how many people are not aware that the Federal Reserve Bank is a PRIVATE CORPORATION that loans the government OUR money — with interest.  They have never been audited even though representatives from congress such as Ron Paul have requested it.

Zeitgeist, the movie (The Federal Reserve, Part 1) along with Zeitgeist: Addendum – offers a clear explanation of the Fractional Reserve Banking System; (our system of modern slavery) the process of  how money is created out of debt.   It also shows how the system is inherently inflationary; the growth imperative of monetary expansion debases the currency.

It’s like a game of musical chairs, except instead of taking away chairs, we just keep adding people.

It ’s worth the effort to wrap your head around this because to understand is to transform what is…knowledge is power–power to the people!

“I believe that unarmed truth and unconditional love will have the final word in reality”
- Dr. Martin Luther King, Jr.
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