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News Link • Federal Reserve

SLEDGEHAMMER: Audit the Fed Update

• Campaign for Liberty
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Below is an urgent alert from Congressman Ron Paul and John Tate, Executive Director of Campaign for Liberty. The pro- Federal Reserve forces have made their move to stop Rep. Paul's historic bill to force an audit of that secret body. I urge all American Policy Center supporters to take immediate action as described John Tate. Call these members of Congress now,and urge all of your friends and family to do the same.
We must show them that we will not go away and that we will no longer tolerate their arrogance as they ignore the wishes of the American people. We must win this fight to prove we are demanding real change in this country - that we will no longer tolerate a government of a self-appointed aristocracy that refuses to listen to the people who elected them.  -----Tom DeWeese             

Dear Friend of Liberty,

We have all worked so hard to make an Audit of the Federal Reserve a reality. Together, we have led the fight to get congressional hearings, 308 cosponsors, and unprecedented attention around the country.

Now, you and I face our biggest challenge yet.  And Ron Paul needs your help!

Mel Watt (D-NC), Chairman of the Monetary Policy Subcommittee, has sided with banking interests and is working to gut substantial audit provisions from H.R. 1207. The bill Congressman Watt has sent to the full Financial Services Committee contains no audit of the Fed’s monetary policy-making authority or transparency of the Fed’s secret agreements with foreign central banks.  

Without these provisions, a so-called “audit” of the Fed would be worthless.

The full Financial Services Committee is likely to vote on this bill either later this week or early next.  

Congressman Paul will offer an amendment to restore the provisions contained in H.R. 1207 to audit monetary policy and activity with foreign central banks. Thirteen of the 41 Democrats and all 29 Republicans on the Committee have cosponsored H.R. 1207, and if they hold the line, we will have the votes to win and restore our audit.

Dr. Paul has shot a YouTube video for Campaign for Liberty explaining the situation in more detail. Click here to watch the video.

Pressure on the Democrat House Financial Services Committee members is critical! Below is a list of Democrats who have cosponsored. Please call them and urge them to vote “Yes” on the Paul Amendment. Click on their names to get their web contact information.

1. Rep. John Adler, NJ (202) 225-4765

2. Rep. Travis Childers, MS (202) 225-4306

3. Rep. Steve Driehaus, OH (202) 225-2216

4. Rep. Alan Grayson, FL (202) 225-2176

5. Rep. Rubén Hinojosa, TX (202) 225-2531

6. Rep. Suzanne Kosmas, FL Toll Free: 1-877-956-7627

7. Rep. Dan Maffei, NY (202) 225-3701

8. Rep. Brad Miller, NC (202) 225-3032

9. Rep. Walt Minnick, ID (202) 225-6611

10. Rep. Ed Perlmutter, CO (202)-225-2645

11. Rep. David Scott, GA (202) 225-2939

12. Rep. Brad Sherman, CA (202) 225-5911

13. Rep. Jackie Speier, CA (202) 225-3531

When contacting these members, remember that up to this point, these members have been allies on this issue. A civil yet firm tone should be kept during these calls. They should be thanked for their cosponsorship, told that Mel Watt’s changes to the bill are unacceptable, and urged to hold the line and honor their promise to support transparency at the Fed by voting “Yes” for the Paul amendment.

It is also important that we contact Financial Services Chairman Barney Frank and House Speaker Nancy Pelosi and urge them to schedule a standalone, up or down vote on the real Audit the Fed bill.

Rep. Barney Frank: (202) 225-5931

Speaker Nancy Pelosi: (202) 225-0100

Now is a crucial time for Audit the Fed. If these 13 Democrats hold the line, Ron Paul and C4L can win this battle. But, they must vote “Yes” on the Paul amendment when the full committee votes.

Together, you and I can win this fight.

In Liberty,

John Tate
President, Campaign for Liberty


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