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  • Press Release: Federal Reserve Accountability Act An Unacceptable Compromise

    Gary Howard
    Campaign For Liberty
    Wednesday, Oct 21st, 2009

    Today, Senators Jeff Merkley (D-OR) and Bob Corker (R-TN) introduced the Federal Reserve Accountability Act, an attempted compromise on the issue of transparency for America’s secretive central bank. The bill would permit an audit of the Fed’s actions in the Troubled Asset Relief Program (TARP) and similar high profile bailouts, but would not allow Congress to review the Fed’s inflation of the money supply or the its agreements with foreign central banks.

    Legislation that would bring a full audit of the Fed, Congressman Ron Paul’s H.R. 1207 and its Senate companion S. 604, has gained strong grassroots support and built tremendous pressure on banking special interests.

    Opponents of Fed Transparency argue that a full audit of the Federal Reserve would damage the central bank’s “independence” and allow Congress to dictate monetary policy.

    “Claims that transparency at the Federal Reserve would leave Congress in charge of monetary policy are simply bogus,” said Jesse Benton, Senior Vice President of Campaign for Liberty. “There is absolutely no reason why The American People should not be able to review the minutes of the Federal Open Market Committee after a reasonable amount of time has passed.”

    “The Federal Reserve Accountability Act does not audit the monetary policy functions which have been responsible for our deteriorating dollar and so many of our current economic problems, and it is not an acceptable piece of legislation. Campaign for Liberty will continue to push for a full audit of the Fed.”

    The announcement of the new legislation comes after the number of cosponsors in the House of Representatives for H.R. 1207 recently climbed to 303, and S. 604 gained 30 senate cosponsors. Campaign for Liberty has been leading the grassroots effort on H.R .1207, getting it to its current point with 75% of Americans showing support for a thorough audit of the Federal Reserve.

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    36 Responses to “Press Release: Federal Reserve Accountability Act An Unacceptable Compromise”

    1. miles Says:

      there is N O compromises bitches…we want you all in fema camps and in jails.or better yet….graves.dont trust this government or banksters.anything with govt. in it dont trust them….

      Ex Military Reply:

      I found a news article that “reveals” that the Fed bailout resulted in the Fed/central banking system acquiring thousands of properties across the US!!

      Here is a blurb from the article

      “It is hard to be precise because the Fed has not published specifics on what it now owns. The only reason that Crossroads Mall has surfaced is that it went into foreclosure in April.”

      Surprise… NOT!!! Duh, America. When THIS bubble collapses, let the REAL raping begin.

      Here is the link to the original article:

      http://uk.reuters.com/article/.....1420091021

    2. red Says:

      Now why would they want to keep secrets unless they are doing somthing they know congress and the American people wouldn’t approve of. Obviously they are either conspiring against us, or simply believe they know what’s best for us, and they believe if they don’t make the rich happy, the rich will not make the poor happy. Can’t wait to leave this planet and go back to the spirit realm.

      Stuntman Mike Reply:

      The truth doesn’t fear investigation but the ones that wish to withhold the truth do!
      (click my name for music of dissent)

      No Heaven for Jew (you) Reply:

      Well said, I couldn’t have said it better myself. Loking at what really is going on makes me want to end my life right now and join the spirit realm, but I’m afraid I would be punished and be placed here again as a punishment.

    3. red Says:

      3rd!!! LOL

    4. cooper Says:

      Full transparency, no secrets!

    5. WhiteOpsPatriot Says:

      The Article says alot about those two senators,we can read between the lines. There is more info in what is not said than what is.

      Chopper Reply:

      It speaks volumes that neither Senator Corker nor Senator Merkley is co-sponsoring S 604 for the full audit. Perhaps this abbreviated audit will suffice the populace, and the need for a full audit will go away????? HELL NO – End the Fed.

      Biker Reply:

      Hey Chopper,

      I said on the forum quite a while back that 1207 would probably not go through. I support it 100% and have written letters and made phone call to many members of congress. Both of these assholes are sell-outs in a big way. If it does pass, Obama will surly veto it and the dems won’t override the veto. Checkmate again. I’m with you, END THE FED!!! Hope I’m wrong about it not getting done. Good luck in the coming turmoil….. Biker

    6. WhiteOpsPatriot Says:

      I stand with Ron Paul and Alan Grayson….Full audit. SHOW US THE CRIMINALS,WE HAVE PLENTY OF PRISON SPACE. Whoever fights the bill as submmited originally is suspect and needs to be investigated.

      Gary B. Reply:

      Agreed.

      No Heaven for Jew (you) Reply:

      I would support that..hell yeah!

      Angry Moderate Reply:

      The time for compromise has passed. Stuff that weak bill up your fucking traitorous asses!

    7. Gary B. Says:

      Cockroaches…
      Turn on the lights and they all scatter.
      The federal reserve employees must all be able to see in the dark.
      FULL AUDIT!
      NO COMPROMISE!
      NO Exemptions!
      NO EXCEPTIONS!
      FULL ACCOUNTABILITY to “We the people” or die.

    8. TechiePatriot Says:

      They are running scared! If they are trying to “counter offer” us with something less damaging. Screw them! Go for the whole deal – I want them arrested, tried, and put in general population so they become Buba’s girlfriend and they have to walk around in high heels wearing cherry kool-aid for blush!

    9. truther Says:

      I have an urgent message for you, more important than any message you can hear. God is Holy and cannot accept sin(honor thy mother and father…, thou shall not kill, thou shall not commit adultery, thou shall not steal, thou shall not bear false witness against thy neighbor, thou shall not covet..etc…Exodus 20:12-17). Here are some verses that show examples of sin:

      “Ye have heard that it was said of them of old time, Thou shalt not kill; and whosoever shall kill shall be in danger of the judgment: But I say unto you, That whosoever is angry with his brother without a cause shall be in danger of the judgment: and whosoever shall say to his brother, Raca, shall be in danger of the council: but whosoever shall say, Thou fool, shall be in danger of hell fire.” Matthew 5:21-22

      “Ye have heard that it was said by them of old time, Thou shalt not commit adultery: But I say unto you, That whosoever looketh on a woman to lust after her hath committed adultery with her already in his heart.” Matthew 5:27-28

      “It hath been said, Whosoever shall put away his wife, let him give her a writing of divorcement: But I say unto you, That whosoever shall put away his wife, saving for the cause of fornication, causeth her to commit adultery: and whosoever shall marry her that is divorced committeth adultery.” Matthew 5:31-32

      “For ALL have sinned, and come short of the glory of God;” Romans 3:23. Your good deeds cannot cover up your bad deeds.

      “But we are all as an unclean thing, and all our righteousnesses are as filthy rags; and we all do fade as a leaf; and our iniquities, like the wind, have taken us away.” Isaiah 64:6

      “As it is written, There is none righteous, no, not one: There is none that understandeth, there is none that seeketh after God. They are all gone out of the way, they are together become unprofitable; there is none that doeth good, no, not one.” Romans 3:10-12

      You could be perfect in all the law and stumble at one point and it is as if you broke all of them:

      “For whosoever shall keep the whole law, and yet offend in one point, he is guilty of all.” James 2:10

      “Therefore to him that knoweth to do good, and doeth it not, to him it is sin.” James 4:17

      God wrote the law on each man’s heart so they are without excuse on judgment day when we will ALL stand before Christ(”Which shew the work of the law written in their hearts, their conscience also bearing witness, and their thoughts the mean while accusing or else excusing one another” Romans 2:15). The penalty of sin is death and eternal punishment in the LAKE OF FIRE. I am warning you about hell because I love you! You are dead in your sins and headed for hell which is described in the Word as a FIRE THAT QUENCHES NOT(”…the fire is not quenched” Mark 9:44). It is a horrible and terrible place of everlasting torment that people will go because of their sins.

      “And it came to pass, that the beggar died, and was carried by the angels into Abraham’s bosom: the rich man also died, and was buried; And in hell he lift up his eyes, being in torments, and seeth Abraham afar off, and Lazarus in his bosom. And he cried and said, Father Abraham, have mercy on me, and send Lazarus, that he may dip the tip of his finger in water, and cool my tongue; for I am tormented in this flame.” Luke 16:22-24

      “In flaming fire taking vengeance on them that know not God, and that obey not the gospel of our Lord Jesus Christ: Who shall be punished with everlasting destruction from the presence of the Lord, and from the glory of his power;” 2 Thessalonians 1:8-9

      But God has provided a way for each to escape the lake of fire. He sent his Son Jesus(God manifest in the flesh-1 Timothy 3:16) who was conceived by a virgin by the Holy Spirit of God,lived a sinless life, and suffered a horrible death/shed blood and rose again 3 days later to take the penalty of YOUR sins so you dont have to pay for them in hell for eternity! He loved you so much which is why he did it! He is the only one to have fufilled the law perfectly(sinless) and paid the price of the entire world’s sins so that man could be saved on the merits of His perfection(see Romans 5:19). All you must do to be saved is BELIEVE in Him(trust in Him to save you as a sinner). You must admit your lost sinful condition to Him/that you’re worthy of hell, and ask Him to save you by placing complete trust in Jesus ALONE for salvation(an example in the Word of someone doing this- “And the publican, standing afar off, would not lift up so much as his eyes unto heaven, but smote upon his breast, saying, God be merciful to me a sinner.” Luke 18:13).It is not even partly by yourselves that you can be saved, but only by the merits of Jesus Christ!

      “For God so loved the world, He sent his only Begotten Son, that whosoever believeth in Him shall not perish, but have everlasting life” John 3:16.

      “And he is the propitiation for our sins: and not for ours only, but also for the sins of the whole world” 1 John 2:2

      “…Unto him that loved us, and washed us from our sins in his own blood,” Revelation 1:5

      “For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; And that he was buried, and that he rose again the third day according to the scriptures:” 1 Corinthians 15:3-4

      “Then he called for a light, and sprang in, and came trembling, and fell down before Paul and Silas, And brought them out, and said, Sirs, what must I do to be saved? And they said, Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house.” Acts 16:29-31

      “But to him that worketh not, but believeth on him that justifieth the ungodly, his faith is counted for righteousness.” Romans 4:5

      “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” Romans 10:9-10

      No works or anything you do can save you! May God open your eyes, that one day I may see you in heaven. Read the Word of God(the 1611 King James version- NOT the modern versions, they are corrupt) before rejecting it! Death is fleeting. You may NOT have tomorrow! For death comes when we least expect it! Make sure you are saved TODAY! The Bible condemns the rich, the wealthy, and those who take advantage of the poor, so it CANNOT have been made up by the elite. Because the Word clearly CONDEMNS people such as those! It declares all mankind as sinners(myself included).

      I am a Christian, and love you enough to warn you of the dangers of hell. Beware, the Roman catholic church is NOT Christian! The church CANNOT save you but only Christ! Just because someone says they are a Christian does not necessarily mean they are one(remember the crusades in history? Many were murdered in the name of Christianity. These were no Christians at all by their testimony). Please email me to inquire more. I would be glad to help you out in your search for truth!(my email- livingwaters705@hotmail.com)…To those who slander/mock me, I pray for you and love you anyways and hope you will trust Christ before its too late!

      I call upon my fellow Christians on here to return hate posts with love and blessings. The Lord commands us to love them:

      “Ye have heard that it hath been said, Thou shalt love thy neighbour, and hate thine enemy. But I say unto you, Love your enemies, bless them that curse you, do good to them that hate you, and pray for them which despitefully use you, and persecute you; That ye may be the children of your Father which is in heaven: for he maketh his sun to rise on the evil and on the good, and sendeth rain on the just and on the unjust.” Matthew 5:43-45

      Salvation is not found in good works, rituals, church, the pope, water baptism, good lives, etc….But ONLY found by faith in Jesus Christ the Savior!

      If you need prayer or anything, just let me know! I would be glad to help! I love and care for you, and I have prayed that every person that reads this who do not know the Lord, would one day turn to Christ in faith for salvation for their sins. I beg you to turn to Christ in faith before it is too late! You get ONE chance while living and then it is too late forever:

      “And as it is appointed unto men once to die, but after this the judgment:” Hebrews 9:27

      “And ye shall know the truth, and the truth shall make you free.” John 8:32

      “Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.” John 14:6

      “…there is no God else beside me; a just God and a Saviour; there is none beside me. Look unto me, and be ye saved, all the ends of the earth: for I am God, and there is none else.” Isaiah 45:21-22

      “And the Spirit and the bride say, Come. And let him that heareth say, Come. And let him that is athirst come. And whosoever will, let him take the water of life freely.” Revelation 22:17….

    10. JJ Says:

      ############### SPREAD THIS INFORMATION ###############

      Wall Street criminals exposed By Marcy K.:

      kaptur.house.gov/index.php?option=com_content&task=view&id=289&Itemid=1

      youtube.com/watch?v=tMCZ8JeEpUw
      or
      fednet.net/asx/2008/kaptur092208.asx

      Tim Geithner refusus to answser Brad Shermans question:

      youtube.com/watch?v=rEpmRv2kAng
      or
      youtube.com/watch?v=_nWFfJQtoT8
      HQ version: youtube.com/watch?v=Gvt1uzLv15o

      Rep. Alan Grayson asks the FEDERAL RESERVE Inspector General where the money is gone..:

      youtube.com/watch?v=PXlxBeAvsB8
      HQ version: youtube.com/watch?v=cJqM2tFOxLQ

      **********END THE CRIMINAL RESERVE – ACTION STEPS**********

      Bills to be supported: S 604 and HR 1207
      ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207
      or
      http://www.campaignforliberty......d-home.php
      or
      http://www.auditthefed.com

      Stop and jail criminal Ben Bernanke:
      http://www.unmaskthefed.com

      ############### SPREAD THIS INFORMATION ###############

    11. horacemanoor Says:

      GLOBALIST GOLDMAN SACHS guy states the SHOCK DOCTRINE:”I’m not a person of despair. I’m a person of hope. I think we have to tolerate the inequality as a way to achieving great prosperity and opportunity for all”.

      They’re destroying the US to build Global Governance later and using the bailout money to consolidate the IMF money and other big banks into a global banking system.

      They wouldn’t let me post about the Dylan Ratigan video on Market watch. Anyway, this man is stating openly that they are destroying the US for the GREATER GOOD. ALEX SHOULD DO AN ARTICLE ON THIS since it’s causing so much misplaced outrage. People don’t seem to get what he’s saying.

      Angry Moderate Reply:

      Every son of a bitch from Goldman Sucks will be the first to feel the tight rope.

      MARK MY WORDS!!!!

    12. Rob in NC Says:

      Here’s what’s likely to happen. They will just “classify” as “national security” any and all of the privately owned “Federal” “Reserves” accounts and meetings.

      Just like the “Freedom of Information” act now won’t allow you to get the actual photos of US Gov, INC torturing people to death.

      And this same Gov tells you to take a swine flu vaccine?

      Tell me, do you trust this Gov?

      The bad news is, even if you did manage to actually live through some armed revolt with the psyhopath, hypocrit, liar, torturer, and mass murderer known as United States, the next “Gov” you create will just start down the road of fucking everybody all over again.

      Here’s a simple piece of legislation: “Any person who works for the United States government and does not follow and abide by the United States Constitution shall suffer the pain of death in a public execution by being ground alive into fertilizer.”

      Can I get co-sponsors on that legislation?

      Ex Military Reply:

      Co sponsor? You do realize that you are just substituting one form of government fertilizer for another :-)

    13. Nunya Says:

      “Opponents of Fed Transparency argue that a full audit of the Federal Reserve would damage the central bank’s “independence” and allow Congress to dictate monetary policy”

      LOL, DUH!!! That’s the whole point!!

    14. JJ Says:

      Ron Paul on Freedom Watch, on this subject
      video
      http://www.campaignforliberty......view=26737

    15. JJ Says:

      Jeff Merkley and Bob Corker says: “I just popped up and prooved that i’m a puppet of the bankers crime cartel.”

    16. JJ Says:

      Lindsey Graham says: I work for the bankers, what’s wrong with that?

    17. JJ Says:

      Hang these criminals from a tree

    18. Angry Moderate Says:

      When the shit hits the fan, drag these motherfuckers from their offices and hang them!

    19. 790 Says:

      The very fact that it takes legal action to find out what the Fed is up to should be enough to convince joe smith that their covering up lies and spinning deception.
      This investigation is a joke, and lacks accountable authority to make any long lasting change. This is a farce!

      Nothing more than a pacifing waste of time.

    20. blindboy Says:

      The Temple will never give up it’s secrets.

    21. BeTrueSeekTruth Says:

      These cockroaches should all be under investigation for their demonstrated reluctance to comply with the audit. Their logic is lame and behind it hides the liar.

    22. Matzo Man Says:

      This is just a way to Distract People so they don’t see the success of Ron Paul’s Audit The Fed bill. It’s time to AUDIT THE FED.

      Don’t you want to know where your tax money went? Did it go to banks? Did it go into banker’s bank accounts? Did it go to prostitutes used by some bankers who were paid from their corporate cards? Yes, I want to know where my tax money went! People are suffering and these cronies are living high off the hog!

    23. A Patriot Says:

      NO COMPROMISE!!!

      END THE FED!!!!!!!

      CONGFRESS WILL REGAIN CONTROL OF THE MONETARY POLICY – THAT IS IT’S CONSTITUTIONAL MANDATE – YOU TREACHOROUS SNAKES!!!!!!!

    24. PatriotRonPaul2012 Says:

      I don’t understand the feds reasoning. Don’t they know about the coinage act that states only the Congress of the United States has the authority to coin money. If we would just follow the Constitution the Fed wouldn’t even exist. Actually it’s an act of high treason and punishable by death to counterfit money that wasn’t coined by Congress which is exactly what a Fed Reserve Note is. It’s not a USD$, it’s a FRN$. The Federal Reserve Act of 1913 should be abolished just because it is un constitutional let alone criminal.

      WhiteOpsPatriot Reply:

      Criminal it is. If a contract was entered into under fraudulent conditions it cannot be legit or legal and never has been .The federal reserve is a fraudulent entity. So my question is why are these people not in prison.

      Because they have bought the law,Thats why…Blatantly obvious
      The legal system is bought and paid for by criminals.

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