Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says

Experience teaches us that it is much easier to prevent an enemy from posting themselves than it is to dislodge them after they have got possession.

George Washington

By Bob Ivry | Bloomberg

Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee. FULL STORY

This is the man, U. S. Representative Mel Watt, Representing the 12th District of North Carolina, the man who gutted HR 1207, Audit The Fed Bill.

Take a good look at Mel Watt and ask yourself why is this man so against AMERICA? Against YOU?

Who is Mel Watt's protecting?

2304 Rayburn HOB

Washington, DC

20515-3312

Tel. (202) 225-1510

Fax (202) 225-1512

Ron Paul at USC Monday, Nov 9 at 7:00 PM in Carolina Coliseum

When: Nov 9th 7-9 p.m.
Where: Carolina Coloseum

What: Rep. Ron Paul of Texas will deliver a lecture at the University of South Carolina on the future of individual liberty and the importance of the U.S. Constitution on Monday, November 9 at 7:00 PM in the Carolina Coliseum. FULL STORY