HR 1207, Audit the Federal Reserve

This has 224 co-sponsors as of today.



As far as I know, our Congressman Charlie Wilson has not signed on as a co-sponsor. This does not surprise me. I'm curious however, of how one can be against auditing the Federal Reserve. Probably the most important factor in our economy, and surely, with it's artificially low interest rates, the cause of our current recession.

Charlie Wilson is too busy using the Fed's funny money to buy votes than to actually support of an audit of the same.

Now he's even bragging about some sort of a new government ponzi scheme:

"Today the U.S. Treasury Department announced that $45,477,000 in bond authority will be immediately available for local governments in Ohio’s Sixth Congressional District under the Recovery Zone Bonds program. Recovery Zone Bonds, created under the American Recovery and Reinvestment Act, are targeted to areas particularly affected by significant job loss and will help county governments obtain capital for much needed economic development projects.

These bonds will help in so many ways. The program will make it easier for counties and private businesses to borrow money at a better rate. The counties and businesses that make up my district can then use that money to improve infrastructure, increase job training and help families struggling with this tough economy."

Does he not remember or is it that he doesn't care, that borrowing and increasing debt due to artificially low interest rates is what got us into this mess to begin with?

Charlie Wilson needs to sign as a co-sponsor of HR 1207. If the Fed has nothing to hide, great. However it's Charlie Wilson's job to ensure our money is sound* and the Federal Reserve has some oversight from the people.

Of course, our money will never be sound until it is based on something.