HR1207 Hits 100 Cosponsors

HR1207 is a bill authored by Congressman Ron Paul to audit the Federal Reserve.

Now, why is this important to us Canadians? Simple. US Dollars are used as a reserve currency by our government, our central banks, our banking systems, and even private enterprises. The Federal Reserve prints these dollars out of thin air, which means they have a direct control over the value of these dollars, and therefore, they have a have a direct control over the value of our reserves. This is similar for most nations across the world and has been since World War II. Therefore it is in the interest of people across the world for this bill to be passed so that the actions of the Federal Reserve can be brought out into the public.

Today, the number of cosponsors on this bill hit 100. Campaign for Liberty members and Ron Paul supports all over the United States have been lobbying their respective Congress person to cosponsor this bill for months and they have been slowly accumulating support. The week after the Congress took a break and went back to their constituents the bill gained 33 new cosponsors. Ron Paul has made statements that his colleagues are continually telling him their constituents are demanding action on this bill.

A great example of the pressure these representatives are feeling has been exemplified via South Carolina Republican Congressman Barrett. A little while ago I posted a video him speaking at a Tea Party protest. He was booed the entire 5 minutes he spoke. Today he joined to cosponsor the bill.

It has been the most successful bill introduced by Ron Paul, EVER.

Let us hope they can push this bill to the floor of the Congress for a vote so that all representatives will be forced to show where their interests lay: with the bankers or with the people.