Hold your breath... HR 1207 Gets House Majority Cosponsorship

The Fed and its head cheerleader can't stand up to an honest audit.

This appears to be the closest that Congress has ever gotten to breaking the Fed's crime syndicate in its nearly 100 years of control. That's saying a lot but it is also a long way from fruition.

Remember the bailout vote? The people spoke and Congress spit in their faces

Are we being set up for another disappointment with HR 1207? The Fed's ability to buy virtually anything and anyone it wants in combination with the blackmail aspect will be hard to overcome. I'd say the threats and bribes are ongoing. The Fed only needs a few key votes to block it.

June 11th, 2009 Liberty Maven

Ron Paul’s red hot bill, HR 1207 to audit the Federal Reserve now has 222 cosponsors. The 218th, according to a press release by Paul, was Dennis Kucinich.

Washington, D.C. - Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.

The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.

“The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” said Congressman Paul. “I look forward to this issue receiving greater public exposure.”

Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform.

This is simply wonderful news, but now it becomes time to hammer on our Senators to cosponsor S604 which is HR1207’s Senate counterpart introduced by Bernie Sanders. The effort faces a stiffer battle in the Senate where Federal Reserve darlings sit on the Banking committee.

S604 currently has no cosponsors. We need a brave Senator to be the first. Jim DeMint could be that brave man. Drop him a line on Twitter: @JimDeMint and contact his office requesting he be the first brave cosponsor of S604. {source}

Can the Fed be audited, or abolished, through the current two party political system?

This may be the last chance. Pressure your representative and senator. There's no valid reason for them not to vote for auditing the Fed.

Once again, we'll find out who the traitors are.