Saturday, April 25, 2009

Monday is massive calling in support of H.R. 1207 to "Audit the Fed."

Even though H.R. 1207 is getting surprisingly good bipartisan support and has 84 co-sponsers in the House as of today, it will still take a massive grassroots impact on Congress to get this "Audit the Fed" bill passed by both houses of Congress and signed by the President.

Participate in“melt-the-switchboard day" on Monday to help pressure Congress into passing H.R. 1207. by phoning a specific, toll-free congressional switchboard number, 1-877-851-6437, and asking to speak to the offices of the Members of House Financial Services Committeeand then, asking to speak to those representatives who have cosponsored H.R. 1207 to praise and applaud them.

The strategy appears to be to have everyone phone in through one congressional switchboard number in order to maximize the chances for overloading the phone system.

Monday is for melting the congressional switchboard by massive calling in support of H.R. 1207 to "Audit the Fed."

What is the Federal Reserve?

The Federal Reserve provides that Congress shall have the power to coin money and regulate the value thereof and of any foreign coins.

"The Federal Reserve is considered an independent central bank. It is independent since its decisions do not have to be ratified by the President or Congress. The Federal Reserve System was created by Congress in 1913 "to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes." This Nation

"The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency.( Article I, Section 8, Clause 5. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress' constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation's founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy."
Congressman Ron Paul

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