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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+00:00July 14th, 2009|Political Commentary|

About the Author:

Jason is the founder of He previously worked in data analytics for the world's largest research firm, consulting to Fortune 500 companies globally. Jason eventually leveraged those skills to trade successfully full-time and after helping friends and family optimize their investments, he launched Gold Stock Bull and The GSB Contrarian Report newsletter. Jason is a cycles investor with a contrarian eye for identifying undervalued assets. He has built an expertise in both the precious metals and cryptocurrency markets. Jason believes in honest money, limited government, decentralization of power and enjoys studying alternative economic models.