Audit the Fed: By Ron Paul, Supported By Mitt Romney and Harry Reid On The Fence: Success Council Slams Harry Reid …

Success Council Exposes Harry Reid as a Flip-Flopper To Audit the Fed. Even Mitt Romney supports HR 459, the Bill To Audit the Fed, Introduced by Ron Paul. Meanwhile, Harry Reid, Who Has Previously Supported an Audit, Now Denies the Bill a Chance on the Senate Floor. Success Council, a Group Teaching People How To Profit and Prosper From the Upcoming Economic Crash, Reacts With An Online Video Slamming Reid.

San Diego, CA (PRWEB) October 12, 2012

Audit the Fed Bill passed the House in July, and now is being stopped from a meaningful vote in the Senate by Harry Reid, who previously was an adamant supporter of the Bill. But why?

Online commentator and libertarian advocate, http://www.SuccessCouncil.com, reacts with a strong online video response slamming Reid for being a hypocrite. In the video, Success Council makes the argument for the Audit the Fed bill and explains Harry Reids hypocritical statements.

To watch the full video, visit: http://www.youtube.com/watch?v=Xvd5xFSwKcg&feature=share&list=PL1zCD-urlm3jUAE-MpWaP_PyOx7CncHQB

HR 459, the Federal Reserve Transparency Act of 2012, is the Bill to Audit the Fed. Introduced by Congressman Ron Paul, the Audit the Fed Act hopes to audit the printing of money and the manner in which loans are made to a bank. The Audit the Fed Bill also plans to audit the Board of Governors of the Federal Reserve System and the Federal reserve banks. HR 459.

More specifically, the Audit the Fed bill will require the Comptroller General of the United States to conduct an audit of the review of loan files of homeowners in foreclosure in 2009 or 2010.

The audit will consider the Board of Governors and other consultants' advise to the banking system when considering loans. It will also take into account the financial devastation of homeowners.

Ben Bernake, chairman of the Fed, doesnt want the Audit, and has said, We think we are quite transparent My concern about the legislation is that if the GAO is auditing not only the operation aspects of the programs and the details of the programs but making judgments about our policy decisions, would effectively be a takeover of policy by the Congress and a repudiation of the independence of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.

Of course, the Libertarian view is exactly the opposite, and on the floor of the House Financial Services Committee Ron Paul (Audit the Feds author) said, Transparency in monetary policy is a goal we should all support. He went on to point out that, The dollar today is only worth .4 cents compared to the dollar the Fed started with in 1913.

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Audit the Fed: By Ron Paul, Supported By Mitt Romney and Harry Reid On The Fence: Success Council Slams Harry Reid ...