Tuesday, June 2, 2009

Republican Senators neuter Federal Reserve Transparency bill

posted by Austin Petersen on Jun 01, 2009

It’s time to pick sides…

While the world watches Susan Boyle lose the top prize and cowers in the wake of the dreaded swine flu, the world financial crisis deepens and worsens. The American people are slowly waking up to fiscal realities as our iconic car dealerships and banking establishments flounder in an ocean of red ink. Everywhere we turn something else blows up, and we can’t seem to find a bottom to the stock market. Prices seem inflated much beyond what government measurements are reporting.

As you are reading this, our entire financial system is being restructured. Now is the time for the American people to wake up and check their premises. We have a golden opportunity now that has not existed for 100 years since the inception of our Federal Reserve System. We can at last open up the books with HR 1207 to audit the monetary base. This would be extremely enlightening as to the depth of the financial crisis the country is in.

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