Senate Shoots Down Vitter Amendment; Vote the Bums Out!

The vote for Senator Vitters amendment to Audit the Fed was shot down in a vote by the Senate today. This amendment was to be added to the Restoring American Financial Stability Act of 2010, S. 3217.

An attempt at pulling the wool over the People’s eyes I had discussed yesterday has succeeded.   See The Federal Reserve Con Game

Don’t be fooled by the media’s attempt to sugar coat any audit with a quasi attempt like what is being pushed through Congress now and supported by the White House.

Know the difference.  Contact your senator now!

Watered Down Version Passes

It turns out, the Sanders Amendment, known as the watered down version of the original Audit the Fed bill, H.R. 1207 that passed the House in a bipartisan vote, was passed with a 96-0 vote.

The concern from those who wanted the Fed to be audited was the fact the Sanders amendment would not address monetary policy.  Monetary policy is the one thing Bernanke and the Fed have been keen on keeping out of any Fed audit bill. They succeeded.

Who Was Most Vocal Against the Original Audit the Fed Bill?

Two of the most vocal against the original Audit the Fed bill proposed by House members Ron Paul and Alan Grayson were Senators Chris Dodd (D-CT) and Judd Gregg (R-NH).  These two senators had nothing to lose with their outrage at this bill from the get go as neither of them are running for reelection in their states.

Excerpt from that video:

Gregg; You know the only thing that’s not audited is monetary policy.”

Paul; It’s the only thing that counts.”

Gregg; The only part that’s not subject to the political influence of the Congress auditing it, is monetary and open market.  Why?  Because an independent Fed is critical to a stable monetary system.

Paul; Look what you have. Where’s the stability?

Paul; The Constitution puts the responsibility of the value of the dollar on the Congress, not some secret body or international orginization to deal with our money (Paul is referring here to IMF, Special Drawing Rights to be discussed in a forthcoming article).

Result of Sanders Amendment: No Monetary Policy Audit

Good Riddance Dodd and Gregg

Dodd would have been annihilated by Peter Schiff in the Connecticut Senate race come November.  Judd was not looked upon favorably in New Hampshire.

What I really ponder is what hidden deals have these outgoing Senators have made with their corporate masters in setting up the next leg of their careers.  You can bet they will somehow be taken care of.

Please note that Senator Brown from Massachusetts voted with the Democrats….again.  Talk about your one time Senator.

Defeat Can Only Lead To Victory

In the end, the failure of the Vitter amendment to pass is not going to stop me from going after those who voted “nay” to this bill.  These people need to be voted out of office.  They are allowing an entity that is quasi-government in nature to garner more and more power while at the same time causing the bust to begin with.

At some point this will come crashing down on all of us.

Will I be writing an article at that point in time telling everyone “I told you so?”  The answer is no.  Why?  Because I’m going to be doing something about it now in completing my book “Fed Up!” with the intent of waking people up to what’s really going on with Congress and the Federal Reserve.

Don’t Vote for Any of Those Who Voted “NAY” Below Come November – Throw the Bums Out!

Grouped By Vote Position