Perhaps it is the Federal Reserve’s servitude to the rich that causes pat Powers to defend the biggest attack on American free markets:
A bill in the House of Representatives sponsored by Rep. Ron Paul of Texas calling for a full audit of the Federal Reserve has attracted 260 co-sponsors – far more than needed to ensure passage.
Yet, the legislation remains in the House Judiciary Committee where few support it. And last week, the Senate, on a procedural vote, killed an amendment requiring Congress to inspect the books of the Fed, which has already conceded it has no intention of revealing to the people how billions in bank bailout dollars have been spent so far – even after the fact!
My guess is that unless Congress asserts its constitutional authority as the most powerful branch of the federal government and the one specifically charged with coining money and regulating its value, Paul's bill will die a slow death in committee.
That's because there has been a silent coup in America – with the Federal Reserve, a tool of the rich and powerful international bankers, used to usurp the power of the people.
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