I can say this for a fact that we all know. GWB spent his rear end off and let the country go to hel_ and now we have another moron in office who is twice as bad when it comes to spending an putting this country now at risk. Obama does not have a clue on how to run a country, but, if he does, then it is just possible it is being done at risk and he needs to be replaced immediately with a recall. Socialism will bury America as we now know it.

Why would anyone NOT EVEN support this bill unless there is an underlying situation where they, themselves are benefitting.

If you hinder the feds effectiveness you can certainly expect the average standard of living in America to be significantly lower. That will ultimately be a long term good thing but be prepared for immediate and large scale social implications.

another conspiracy nut. Read a book instead of watching that drivel.

oops - replied to the wrong thread, sorry.

Zionists? What an idiot, let me guess - the Fed is owned by a bunch of elite Jewish bankers.

How about you stop watching Zeitgeist and read a real book for a change. The Fed needs to be abolished, but conspiracy idiots like yourself ruin our cause.

Zionists? What an idiot, let me guess - the Fed is owned by a bunch of elite Jewish bankers.

How about you stop watching Zeitgeist and read a real book for a change. The Fed needs to be abolished, but conspiracy idiots like yourself ruin our cause.

where was this legislation for the past 8 years?

somewhere in Bush's tea-bag I guess...

Looks as though a sleeping giant has woken up (The American Public)Hear us Roar! I can say one good thing about Obama he has got the Public at large watchdogging what is going on in Washington! Are our Representatives listening?? Cause we are watching you!

It's time to expose who gets the money and expose JP Morgans credit derivatives once and for all.

These smug son of a guns need to get audited. They're the reason 700 Billion dollars was stolen for this BS bailout. I'd love to tell Greenspan and co. to stick it.

Please encourage everyone to get and stay involved. Many elected officcials have served their own interests for far to long. They have refused to evolve in so many areas to serve and protect our country. An AUDIT is in order, we must make our demands heard. We cannot ignore the outrageous abuse of power! By reading all the comments, I have faith that we all want the best for our country and want the truth! Longgggg overdue, what have years of abuse led us all to wake up! Let all of them hear our voices, they have been tuned in to selective hearing that has served none of us. Its discraceful. AUDIT!

What I want to know is... Who are the 25 people that voted no and are opposed to this?
What kind of fool could you be to be opposed to this bill?

It's worse than that, and more simple: the fact of the matter is that the Fed charges interest on top of the principle borrowed. Concurrently, the principle is equal to the amount of money in the system, as the government requests money, and uses Treasury Bonds as collateral to collect it(as you mentioned). The Fed (and all banks in the Federal Reserve System) only keep an average of 90% of these deposits on hold, and then loan the rest out again to other borrowers, in effect inflating the currency by creating new money out of thin air, simply because there is a demand for the newly created funds. So, as debt is directly equal to the amount of money in the system, if we were to pay off the principle alone, not including interest, there would be no money in the system. So how does one pay off the interest? You don't, because you can't. The dollar is debt, and it can never be paid off so long as there is a bank making our money.

Really, folks, this is one of the top bills. No coverage on the news at all. This is above Card Check, yet gets much less press. It is time to get this audit done.

It is interesting to note that, only one day after Kennedy's assassination, all the United States notes which Kennedy had issued were called out of circulation. Was this through an executive order of the newly-installed president, Lyndon B. Johnson? Or was he one of their instruments? At any rate, all of the money President Kennedy had created was destroyed. And not a word was said to the American people.

President Kennedy was not afraid to "buck the system", for he understood how the Federal Reserve System was being used to destroy the United States. As a just and honorable man, he could not tolerate such a system, for it smelled corruption from A to Z. Certainly he must have known about the Greenbacks which Abraham Lincoln created when he was in office.

On June 4th, 1963, President Kennedy signed a presidential document, called Executive Order 11110, which further amended Executive order 10289 of September 19th, 1951. This gave Kennedy, as President of the United States, legal clearance to create his own money to run the country, money that would belong to the people, an interest and debt-free money. He had printed United States Notes, completely ignoring the Federal Reserve Notes from the private banks of the Federal Reserve.

In 1972, the United States Treasury Department was asked to compute the amount of interest that would have been paid if that 400 million dollars would have been borrowed at interest instead of being issued by Abraham Lincoln. They did some computations, and a few weeks later, the United States Treasury Department said the United States Government saved 4 billion dollars in interest because Lincoln had created his own money. So you can about imagine how much the Government has paid and how much we owe solely on the basis of interest

"The London Times" printed the following:

"if that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in th history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe."

The Bankers obviously understood. The only thing, I repeat, the only thing that is a threat to their power is sovereign governments printing interest-free and debt-free paper money. They know it would break the power of the international Bankers.

Eventually President Lincoln was advised to get Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point hi wrote:

"... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..."

The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks".

Here's the 3 hours of today's (9/25/09) financial services committee hearing on this bill thanks to C-Span: http://tinyurl.com/yb95etr

Yes, let's audit the "Federal" Reserve. Then abolish it, replacing it with a equally corrupt global central bank having a single, global currency, the UNero.

Hmmmm......where's the rush with this one? Seems to me that this is the bill that should be rushed through....

like my uncle said "My take is that we need to follow the money, it will tell you who is in control. In many ways it is like gangsters are now running our country. While the heartland of this country is predominantly moral, these big city politicians aren't. Therefore the only rule they follow is their stomach, their appetite for greed. Does anyone seriously think that Barny Frank or Nancy Pelosi or Barack Obama has ever produced anything in the economy? Have they ever had dirt under their fingernails? Have they ever turned a profit, or met a payroll? Yet, they are the ones in charge of the largest economy on earth. Amazing. The fix is in."

One of the greatest insults the U.S. government has perpetrated was putting Jackson's picture on Federal Reserve currency.

S. 604 is substantially similar, if not identical, and already has 24 cosponsors. I suspect their attack will be to neuter it in committee.

This is a wonderful bill. It is at least a good start. This process needs to end with the complete and total obliteration of the Fed. It is the instrument that the elite world bankers have been using to usurp this country since its inception in 1913.

Sorry I meant the 12 who are opposed NOT 12%

I would like to know WHO the 12% are that oppose this bill... wow what idiots.

This administration should be all about this bill, seeing how they are supposed to be the most transparent admin ever.