Balancing Those Who Write the Checks

(Article written by guest author, Drew Moore)

Since the inception of the FED in 1913, that organization has been shrouded in secrecy. The FED is responsible for our money, and our dollar is subject to a fractional reserve banking system. Over time, the FED has printed more money and raised or lowered interest rates to affect money supply and policy. In short, the dollar has been beaten and bruised. I would argue that the FED is not necessary and is unconstitutional because the Founders said "make any Thing but gold and silver Coin a Tender in Payment of Debts," but for the time being we have the Federal Reserve.

The president's administration has said on numerous occasions that there needs to be transparency in our government. Now you can argue whether the taxpayer is or isn't getting that, but that discussion is for another day. H.R. 1207 is a bill that has been introduced by the good Dr. Ron Paul (R-TX). This bill calls for an audit of the Federal Reserve. Now you may say why an audit? Well in 2008 there was a bailout with the price being $700B, can anyone tell me where ALL the money went to? If you can please contact me, if you can't then pause for a moment and think: This is just one isolated point in time where we don't know what happened to all that money. Now expand that thought to almost 100 years and still we the American people are in the dark.

In 2002 Sarbanes-Oxley was enacted, enforcing rigid audit requirements on businesses. Now, if the Federal Reserve is separate from the government, just like private businesses who face staunch regulation, why isn't the Fed. audited? I believe that an audit would show that you and I have been robbed. But as mentioned above there is real substance in H.R. 1207.

As a Libertarian minded Republican, this really gives me hope. But no matter if you are a Democrat or Republican, we have common ground found in liberty. The passage of this would be a giant step on the path to restoring our Republic, in the area of economic liberty. From one American to another, please read 1207, then contact your representative and urge them to read/support/co-sponsor this piece of legislation, H.R. 1207. Let's open the books of the Federal Reserve, together we can fix the crack in the liberty bell and this is the first step.

In Liberty,

Drew Moore

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