Ron Paul and Auditing the FED

So the bill to audit the federal reserve is going great right now, it currently has 276 co-sponsors in the house and 19 co-sponsors in the senate. This is amazing progress, all for a bill that only see's (and will continue to) only see bad press. The FED is launching a new PR campaign to try and stop the bill and has even hired lobbyists to fight the bill... that is right, a government organization is hiring a lobbyist! Either way, even if this particular bill is killed in committee or in some other way blocked it will only prove that the FED has to much power similar to how the second central bank of the US was ended by Andrew Jackson. Back then the tactics were to freeze up lending with the hopes that the country would see that the FED actually protects us from ourselves. This tactic backfired tremendously when it became apparent that Andrew Jackson was not going to give in and simply told people to "take it up with the president of the central bank, he is causing this". So either way the progress on this bill is great, and it is not overly optimistic to state that the Federal Reserve's existence could very well be in doubt in the coming months/years.


Interview of the month between Ben Bernanke and Alan Grayson:

http://www.youtube.com/watch?v=2_VCy0lMU1g&eurl=http%3A%2F%2Fwww.ronpaul.com%2F&feature=player_embedded