Senate Blocks Attempt to Audit Federal Reserve

Fed Independence or Fed Secrecy? Who would vote against an ammendment allowing GAO to audit what the Federal Reserve is doing? Especially after Obama’s endless pledges for a more transparent government. The hypocrisy is thick.

Senator Jim DeMint (R-SC) is blocked by Senate Democrat Leadership from having a vote on his amendment to audit the Federal Reserve, based on a bill authored by Congressman Ron Paul (R-Texas) in the House, H.R. 1207, and Senator Bernie Sanders (D-Vermont) in the Senate, S. 604. The amendment was blocked on some ridiculous procedural grounds (rule 16), which you will see from the video below has been applied with a clear double standard. The scam is slowly beginning to unravel and the dollar’s days are numbered. Stay long precious metals to preserve your wealth.

And for more background on HR 1207, watch this video:

By | 2017-03-23T14:06:36+00:00 July 14th, 2009|Political Commentary|

About the Author:

Jason Hamlin is the founder of Gold Stock Bull and has been investing in precious metals for over 20 years. Jason spent nearly a decade in analytics for the world’s largest market research firm, before finding success investing full time. He launched Gold Stock Bull in 2005 and turned his focus from helping fortune 500 companies to helping individual investors. Jason is a student of Austrian economics and a proponent of cryptocurrencies such at bitcoin.