HR 1207

Rep. Ron Paul recently introduced legislation to audit the Federal Reserve, officially titled "The Federal Reserve Transparency Act.", HR 1207. The bill has the following 11 bi-partisan cosponsors: Neil Abercrombie [HI-1], Michele Bachmann [MN-6], Roscoe G. Bartlett [MD-6], Paul Broun [GA-10], Dan Burton [IN-5], Walter Jones, Jr. [NC-3], Steve Kagen [WI-8], Ted Poe [TX-2], Bill Posey [FL-15], Denny Rehberg [MT], and Lynn Woolsey [CA-6]. If your rep is not among these 11, please contact him or her and urge their support.

From Dr. Paul's statement introducing the bill:

"...I rise to introduce the Federal Reserve Transparency Act. Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve's loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation."

I hope people listen up and help out to pass this bill.
_______________________________________________________________