On several of the liberty focused website there has been a great deal of buzz and announcement with respective to Ron Paul's sponsorship of a bill in order to audit the Federal Reserve. So far, I believe it has over 200 sponsors, and I guess I am perplexed with this "solution" to getting some accountability with respect to the operations of the Federal Reserve and its Board and owners.
Congress actually created the Federal Reserve under an Act of Congress called the Federal Reserve Act back in 1913. Why it would be necessary to initiate legislation in order to "audit" an entity that Congress itself created defies the imagination.
What WOULD be necessary is simply a motion made on the floor in both the House and Senate, and a roll call vote. Not a formal bill.
This actually seems again nothing more than a movement in order to quell the masses who are demanding some accountability and continued to be outraged at the goings on at our nation's capitol.
From my understanding also within the Federal Reserve Act is a provision that our government can "buy back" our economy from the Federal Reserve for a set amount.
And it is unconceivable that the members of the Senate and House Banking Committee members would not be receiving regular reports from the Fed, and also be sitting members on its Board as a government created entity.
But why a formal bill, again, to "audit" an entity that was legislatively created to begin with? This two party system is getting more and more cohesive in their spins for the populace through their PR reps it appears each and every session. Perhaps Rep. Paul's lawyers are also, as it is clear many are not, serving their functions in advising him with respect to such matters and what would be really required.
Since they are writing bills more and more that have absolutely no foundation in our Constitution, and now expanding them to over 1,000 pages in order to obviously create more and more work for themselves and thus logjam our courts even more than they already are. It appears lawyers, bar none, are the largest "welfare" recipients in this country now of all as a group in some way or another. And are primarily responsible for the hijacking of our Constitutional government, the health care now crisis, and banking mess also due to their "contracts" which are not really" "contracts" at all in the sense the founders were referring.
And this entire movement seems similar to the 10th Amendment movement. Simply another distraction and attempt to quell the masses. Since why would the states need to "reaffirm" or "resolve" their status as pre-eminent in most matters over the federal government since it is already written in stone in the Constitution to begin with?
With the exception of those unalienable Bill of Rights provisions (which cannot be "contracted away" as "unalienable" to begin with, nor "legislated" away by the states or federal government with the consent of the governed, not even by federal statute or the Supreme Court), and those specifically designated to the federal government? Just why would a redundant resolution be necessary in order to assert those already given? Ludicrous, and merely another diversionary tactic used by both levels in order to silence the outraged now masses.
I guess this is another example of where our high school American Government classes and particularly our American collegiate law schools and liberal arts programs, are again failing.
