WASHINGTON – WND Editor and Chief Executive Officer Joseph Farah announces today a new petition effort directed toward the U.S. Senate in support of a House bill to audit the Federal Reserve – a private cartel of super bankers who control the money supply and won't even tell the American people how they are spending the hundreds of billions of U.S. taxpayer dollars being used to bail out private banks and failing financial firms.
By last count, a significant majority of the House of Representatives has signed on to co-sponsor Rep. Ron Paul's bill authorizing the Congress to the audit the Federal Reserve.
That means if the bill comes to the House floor, it passes.
But that won't mean anything if the same legislation is not approved by the U.S. Senate.
TRENDING: Are you a hypocrite? Or just human?
"I believe there has never before been a political opportunity for the approval of this kind of legislation," said Farah. "There is deep bipartisan suspicion about the Fed like never before. We must not let this opportunity pass us by."
Recently, Sen. Jim DeMint, R-SC, moved to amend a Senate bill to include a provision for such an audit. It was defeated on a procedural vote.
"Now it's time to step up the pressure on the Senate – to let all 100 members know how the American people feel about this issue," said Farah. "I hope you will support my effort off the ground."
The petition points out the Constitution confers on Congress alone the power "to coin money, [and] regulate the value thereof." However, Congress abdicated that responsibility a long time ago – delegating that power to the Fed.
"That was a bad decision then and the evidence shows the chickens are coming home to roost," said Farah. "Congress should take back that authority, but a good first step is a broad audit of the Fed so the people can see the abuses for themselves."
The petition also points out that "since its creation in 1913, the Fed's policies have diminished the value of the dollar by 95 percent and have, according to mainstream economists, played a major role in causing virtually every economic crisis America has suffered – including the Great Depression, which current Fed Chairman Ben Bernanke publicly admits was caused by the Federal Reserve."