Audit of NY Fed Reveals Technocrat’s Creation and Cover-Up of Global Financial Crash

Senator Ron Paul has introduced the Federal Reserve Transparency Act of 2012 ( HR459) to the upset of Ben Bernanke, Chairman of the Federal Reserve Bank. In August, the House of Representatives passed 327 – 98 on a vote which exceeded the necessary 2/3rd majority.

Paul, who is pushing for “transparency” in America’s relationship with the Fed, said that Americans are “sick and tired of what happened in the bailout and where the wealthy got bailed out and the poor lost their jobs and they lost their homes.”

The Audit legislation will direct the Government Accountability Office (GAO), which is an independent congressional agency, to oversee a full review of the Fed’s monetary policy while conducting an audit of them and their decisions will be turned over to the Federal Open Market Committee.

In July, the first audit of the Federal Reserve Bank of New York (FRBNY) was published by the Government Accountability Office (GAO). According to Senator Bernie Sanders : “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world. This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

To stave this off, the American taxpayers were coerced by former President Bush and former US Treasury Secretary Hank Paulson. During that incident, the US Senate was told emphatically that they had to approve a $700 billion bailout or else martial law would be implemented immediately. That money was funneled through the Federal Reserve Bank and wired to China, as well as other countries that were demanding repayment for the fraudulent securitizations.

To further avert financial catastrophe, as well as more debt or property seizure threats by the Chinese, the Euro was imploded there by plunging most of the European countries into an insurmountable free-fall for which they were never intended to recover.

All the money that those banks claimed they needed to avert collapse was also sent to the Chinese to add to the trillions of dollars lost during the burst of the housing bubble on the global market.

The GAO audit states that this transfer of funds from the FRBNY to the central Bank of China was an “unusual and exigent circumstance” that warranted the “emergency authority” of the FRBNY.

Dr. Ron Paul and I have prepared an urgent video update for you regarding Audit the Fed.

As you know, Audit the Fed overwhelmingly passed the House right before the August recess.

And now it's crucial the bill pass the Senate, too.

Campaign for Liberty is in the middle of developing a massive grassroots tidal wave of action to advance Audit the Fed in the Senate.

Will you be a part of it?

With your help, we can launch the biggest assault on the Federal Reserve in our nation's history.

I don't know about you, but the thought of generating that much public outrage over such a secretive federal institution is exhilarating.

So please watch this urgent video update to learn all the details and find out how you can help.