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http://CampaignForLiberty.com

Mr. Speaker, the big guns have lined up against H.R. 1207, the bill to audit the Federal Reserve. What is it that they are so concerned about? What information are they hiding from the American people? The screed is: “Transparency is okay–except for those things they don’t want to be transparent.”

Federal Reserve Chairman Ben Bernanke argues that H.R. 1207, the legislation to audit the Federal Reserve, would politicize monetary policy. He claims that monetary policy must remain “independent,” that is, secret. He ignores history, because chairmen of the Federal Reserve in the past, especially when up for reappointment, do their best to accommodate the President with politically driven low interest rates and a bubble economy.

Former Federal Reserve Board Chairman Arthur Burns, when asked about all the inflation he brought about in 1971, before Nixon’s re-election, said that the Fed has to do what the President wants it to do, or it would “lose its independence.” That about tells you everything. Not by accident, Chairman Burns strongly supported Nixon’s program of wage and price controls, the same year; but I guess that’s not political. Is not making secret deals with the likes of Goldman Sachs, international financial institutions, foreign governments and foreign central banks, politicizing monetary policy? Bernanke argues that the knowledge that their discussions and decisions will one day be scrutinized will compromise the freedom of the Open Market Committee to pursue sound policy. If it is sound and honest, and serves no special interest, what’s the problem?

He claims that H.R. 1207 would give power to Congress to affect monetary policy. He dreamt this up to instill fear, an old statist trick to justify government power. H.R. 1207 does nothing of the sort. He suggested that the day after an FOMC meeting, Congress could send in the GAO to demand an audit of everything said and done. This is hardly the case. The FOMC function, under 1207, would not change. The detailed transcripts of the FOMC meetings are released every 5 years, so why would this be so different, and what is it that they don’t want the American people to know? Is there something about the transcripts that need to be kept secret, or are the transcripts actually not verbatim?

Fed sychophants argue that an audit would destroy the financial market’s faith in the Fed. They say this in the midst of the greatest financial crisis in history, brought on by none other than the Federal Reserve. In fact, Chairman Bernanke stated on November 14, 2007, that “a considerable amount of evidence indicates that central bank transparency increases the effectiveness of monetary policy and enhances economic and financial performance.”

They also argue that an audit would hurt the value of the U.S. dollar. In fact, the Fed, in less than 100 years of its existence, has reduced the value of the 1914 dollar by 96 percent. They claim H.R. 1207 would raise interest rates. How could it? The Fed sets interest rates and the bill doesn’t interfere with monetary policy. Congress would have no say in the matter; and besides, Congress likes low interest rates. It is argued that the Fed wouldn’t be free to raise interest rates if they thought it necessary. But Bernanke has already assured the Congress that rates are going to stay low for the foreseeable future, and, again, this bill does nothing to allow Congress to interfere with interest rate setting.

Fed supporters claim that they want to protect the public’s interest with their secrecy. But the banks and Wall Street are the opponents of 1207, and the people are for it. Just who best represents the “public’s” interest? The real question is, why are Wall Street and the Feds so hysterically opposed to 1207? Just what information are they so anxious to keep secret? Only an audit of the Federal Reserve will answer these questions.

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Washington, DC is been occupied by entrenched professional politicians who no longer represent We The People. Honorable men like David W. Hedrick are what this nation needs to fumigate that corrupt city on the Potomac. It is time to run those professional politicians out of town and return OUR government back to the people, We The People.
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Video, “A Congressman gets his what-for”

David W. Hedrick for Congress website:

http://www.davidwhedrick.com/

David W. Hedrick’s YouTube channel:

http://www.youtube.com/user/HedrickDavid

We the people need to be heard come this next election.

David W. Hedrick Brian Baird 3rd Congressional District Washington professional politicians we the people USMC town hall meeting propagandabuster propaganda buster
government tyranny USA United States of America Congress House of Representatives democratic party democrats Nancy Pelosi brown shirts townhall Obamacare liar fascist fascism throw the bums out

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No newspaper is investigating it. No TV news is reporting it. No one is exposing it, save one. Glenn Beck on FOX NEWS (“fair and unafraid”) is exposing treason happening under our very noses, within our very gates, in a corrupted government ripe for a Progressive take-over. And they are taking over even as you read this:

“For a long time, I went, ‘how did we possibly get here’? And I didn’t want to believe that we were headed down the path that we looks like we are. … My next issue of my magazine, ‘Fusion’, is all about the cancer that is in this country. This is the problem in our country. It is progressivism. … We started with this thing with Chrysler and GM, the way they’re closing people down. It is, we are on the road to fascism with these czars.”

R.J. PESTRITTO: “The czar thing is absolutely amazing. This is what they did in the old, in the 30′s in Italy. All these things that are going on right now, cars, taking over banks, health care, nation you-name-it, what makes this all fit together, what’s the pattern here, we see the pattern here. It’s progressivism. It was laid out in book form, in writings, in speeches, in the 1910′s and the 1920′s. Barack Obama is a disciple of that understanding of things. He’s audacious enough to think he can actually bring it off. He’s doing it in a very radical way.”

MATT SPALDING: “The progressives knew that their vision of government could not proceed on the basis of the original model of the separation of powers, as you were pointing in the first segment of your show tonight. So what they argued was that Congress, instead of passing specific laws, which they’re supposed to do as your elected representatives, Congress should instead pass very vaguely worded laws, just like the TARP law is, and should set up a kind of network of bureaucratic agencies. And they thought that these agencies would have the expertise, very much along the lines of the czar system that we have under the Obama administration, and thought they’d have the expertise to handle this vast increase in regulation of our economy and society.”

Who is this Barack Hussein Obama — A.K.A. Barry Obama — A.K.A. Barry Soetoro (illegal alien)?

http://www.obamacrimes.info/

This “website was created after research indicated that Barack Obama is not a ‘natural born’ citizen or a Citizen of the United States as required by the United States Constitution to be eligible for the Office of President.” -attorney Philip J. Berg (a registered Democrat, BTW)

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Part 3 of 3

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