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Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been gutted while moving toward a possible vote in the Democratic-controlled House.
The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.
One of mine is, the other isn't I think.
Well this is the House version that I'm referring to. The Senate version hasn't been tampered with as far as I know, though it's likely to lose its teeth here shortly I'm sure.
Well this is the House version that I'm referring to. The Senate version hasn't been tampered with as far as I know, though it's likely to lose its teeth here shortly I'm sure.
Yes the house one, I looked at the cosponsor list. One of my reps is supporting it, the other one I couldn't find on there.
You have two Representatives?
You have two Representatives?
We're talking about the United States House of Representatives correct?
And yes.
Each district has one Representative in the U.S. House. This is why I'm confused.
Each district has one Representative in the U.S. House. This is why I'm confused.
Yep. My state has a 1st district and a 2nd district. Why are you confused?
The way you said it it sounded like you were saying you had two Representatives, when it's just your state that has two seats in the House. Only one of them actually "represents" you.
The way you said it it sounded like you were saying you had two Representatives, when it's just your state that has two seats in the House. Only one of them actually "represents" you.
Oh I was looking at it statewide instead of district wide.
What's the big deal?
Also, very happy to see this piece of shit gutted.
What's the big deal?
His top contributors are commercial banks.
Also, very happy to see this piece of shit gutted.
Of course you are. You believe in the delusion that this legislation somehow gave Congress authority over what the Federal Reserve does.
Also, very happy to see this piece of shit gutted.
Of course you are. You believe in the delusion that this legislation somehow gave Congress authority over what the Federal Reserve does.
If Congress is privy to every detail of the process, they'll be able to apply so much pressure they're effectively in control of it.
