Ron Paul’s Fed Auditing Bill and the Grassroots Movement Behind It

By Ronald Glenn & Jeff Schreiber
America’s Right

The Federal Reserve Transparency Act, legislation introduced by Texas Congressman Ron Paul which would provide for an audit of the central bank for the very first time since the establishment of the Federal Reserve system nearly 100 years ago, currently is boasting 222 co-sponsors from both sides of the aisle.

That makes a majority of members of the U.S. House of Representatives. Barring some sort of procedural move by House Speaker Nancy Pelosi, or a veto by President Barack Obama should the bill pass the House and Senate intact, cleansing sunshine could soon reach one of the darkest, most mysterious places in all the land.

Angry and frustrated sentiments toward the Federal Reserve have quickened over the past year or so, coming to a head with various reports released about two weeks ago detailing how the central bank simply cannot account for $9 trillion in off-balance-sheet transactions.

That’s right. Nine trillion dollars. That’s approximately $30,000 for every living man, woman and child in the United States of America — and, like Kaiser Soze . . . poof!, it’s gone to places unknown.

Obviously, any transparency facilitated by Dr. Paul’s H.R. 1207 would be good news. Similarly positive is the feeling that more and more people across America are now aware of the importance and influence of the Federal Reserve, and that it acts largely in secret. Many of the people at the tea party rallies which peppered the landscape in April and May were vocal about shedding light on the Fed, and we expect similar sentiments to be a large factor in the coming mid-term election in 2010 — simply put, the people want elected officials who open the curtains on the deep recesses of government and economic policy, not power-hungry stooges who go out of their way to preserve the status quo.

To get a sampling of grassroots sentiment, Ron found a Lancaster County, PA group associated with Dr. Paul and approached them personally and via e-mail with a few questions, and with the opportunity to tell us about themselves, as Ron Paul and his beliefs have struck a nerve in this age of ever-expanding centralized governance. The following is what they sent Ron Glenn and America’s Right:

Who are you?

The group was formed in September of 2007 to work for Dr. Ron Paul in the Republican primary election. It was known simply as “The Ron Paul Group,” and was very effective in maximizing votes for RP in Lancaster County as well as nearly electing a delegate to the convention and actually electing an alternate delegate.

The group decided to remain a political force on the local scene after the primary and later named itself “Lancaster PA Campaign for Liberty.” Currently, the group numbers about 100 diverse members. There is not always total agreement, but all definitely agree upon the basic principles of liberty as espoused by our founding fathers: smaller, constitutionally-limited government, lower taxes and more freedom.

Ron Paul ran as a presidential candidate for the Republican party in 2008, but lost to John McCain. What does your organization hope to accomplish in the aftermath of Ron Paul’s defeat and the subsequent defeat of John McCain to Barack Obama?

The group’s mission is to promote and defend the great American principles of individual liberty, constitutional government, sound money, free markets, and a non-interventionist foreign policy, by means of educational and political activity.

Because of George W. Bush’s record on constitutional issues, Ron Paul has been criticized for remaining in the Republican party. As the “Modern Thomas Jefferson,” do you believe Ron Paul should remain in the Republican party?

Dr. Paul ran as the Libertarian Party’s presidential candidate in 1988. He has been effective as a Republican member of the US House of Representatives. Most members of the group care little what party label he works under. The really important things are that he sticks to his principles and keeps voting his conscience in Congress.

The banking crisis has given America an extraordinary opportunity either to reform or to abolish the Federal Reserve Bank. Do you believe Ron Paul can succeed as a leader in ending the monopoly of the Federal Reserve?

No, but he can shine a spotlight on the problem and make some progress in the right direction.

Because Ron Paul is in his seventies, it is unlikely he will run for president in 2012. Is there anyone poised to take his place in the freedom movement?

Yes.

Do you or the members of your organization feel threatened by the government reports that describe followers of Ron Paul as potential terrorists?

Not quite yet, but it is a matter of grave concern. It is an early tactic of all fascist regimes to brand any critics as a “threat to public.” This is the prelude to suppressing dissent by force.

Has the election of Barack Obama as President of the United States helped to motivate people to your cause who otherwise would be indifferent if a Republican had been elected?

Yes.

Do you have any special events planned for the Fourth of July in 2009?

No.

To be completely honest, both of us found it incredibly interesting–if not a little funny, in a sad sort of way–that despite taking two weeks to respond, the group was unable to provide more than some of the one-word, “yes” or “no” answers detailed above, not to mention the lack of events planned for Independence Day at a time when America needs the grassroots movement most. The answer about a possible successor in particular left much to be desired.

(NOTE FROM RON AND JEFF: Viability as presidential candidates aside, Ron Paul’s son, Rand, is apparently looking into running for national office in Kentucky and, also, North Carolina Walter Jones seems to be someone to look to in the future. We consider Jones to be a friend of America’s Right; an immensely nice man, his principles closely mirror those of Dr. Paul’s and have been extremely welcome in our current bailout culture.)

Despite a few answers which may have been a little more terse than desired, the important part is that the group is out there, that the group is actively meeting more than one year out from a mid-term election. The organizers should absolutely be hailed as examples of what it’s going to take to recapture our nation in the name of our founders. Furthermore, it goes without saying that the Lancaster, PA group will likely have much, much more to say as H.R. 1207 progresses through Congress.

—————
Ronald Glenn has worked in real estate and law for more than twenty years. He now works in Philadelphia, and lives outside the city with his wife. Ron has been writing for America’s Right since January 2009. Jeff Schreiber established America’s Right in January 2008.

Share

Comments

  1. Rix says:

    Holy smokes! If such a bill can garner honestly bipartisan support of 200+ Congressmen – which surprised me tremendously – perhaps the country isn't hopeless yet. My special respect goes to Dr. Ron Paul who braved himself into this fight. Unfortunately, I'm quite sure that Rahm "Toes" Emmanuel can bully enough Congressmen into submission to fail the bill and, if necessary, the Usurper will veto it. The latter move, however, would lay the Usurper's anti-American cards on the table, and I really hope that clinging to isn't the only thing that conservatives can do with their guns and Bibles.

  2. Anonymous says:

    God bless Ron Paul and his tenacity. This is a major win for ALL of us if it passes. Please contact your representative (Dem or Rep) and ask them to get behind this bill.

    I heard an interview with Max Keiser this past week, an International financial advisor concerning this audit. (www.maxkeiser.com) He said if this bill is passed and they move forward with the audit, there's NOTHING to audit. It seems the Fed's records – at least everything prior to 2001 – were in building 7 in NYC. We all know that building 7 "fell" the day the twin towers came down. Surprised?

    This bill also includes an audit of Ft. Knox. There's never been an audit/inventory check of Ft. Knox since before Eisenhower. It's suspected that the gold and silver there are gone as well. Who's looking out for us? Ron Paul!!!!!

  3. Anonymous says:

    I SO WISH I had voted for Ron Paul in the election…but I was not awake yet, and was plagued by blinded trust in the GOP. Everytime the GOP sends me a solicitation for money, I take a red sharpy and write in huge letters, "you will no longer receive ANY money from me until you start abiding by the Constitution!"

    I have found this new movement on the web…it is worth looking into!

    ruleoflawrevolution.com

    See what you think!

  4. Gail B says:

    I, too, wish I'd voted for Ron Paul.

    And, I love the ruleoflawrevolution.com site. It seems that "Miss Know-It-All" doesn't (know it all)! However, I'm learning a lot from that site and this one.

    Thanks, folks!

  5. DONT CLING, MAKE EM PING says:

    I salute Rix.

Speak Your Mind

*