According to the web site The Economic Collapse, Senate Majority Leader Harry Reid said that the Senate will not even consider H.R. 459 which overwhelmingly passed the House 327 to 98. The bill would require a full audit of the Federal Reserve formed in 1913 to usurp the duty of Congress in Article I, Section 8 of the Constitution to coin money and regulate the value thereof.
The federal reserve was ruled unconstitutional by Justice John Marshall who wrote in the decision of Gibbons v. Ogden, “…for the power which is exclusively delegated to Congress, can only be exercised by Congress itself, and cannot be sub-delegated by it.”
House Minority Whip Steny Hoyer (D-Md.)and Ben Bernake agreed that auditing the Federal Reserve would be a nightmare scenario. Some documents released by the Fed last year caused a stir when they revealed possible improprieties. An audit would reveal where taxpayer money controlled by the Fed was sent.
Ron Paul, author of H.R. 459, said that the bill would have eliminated restrictions to auditing the Fed currently written into Federal law at the Jekyll Island meeting in 1912.
With the efforts of many alternative web sites, the American public is becoming aware that the Federal Reserve is an illegitimate organization and is not a federal government agency at all. It is has a private board consisting of private bankers that control the money of the United States. This was warned about by Thomas Jefferson who wrote:
“I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the Government and the people to whom it rightfully belongs.”
The fact that American voters are starting to wake up to a slew of federal government attacks on the Constitution—such as gun laws and treaties, government agency regulations, the National Defense Authorization Act, TSA, Internet regulation and so-forth—one could wonder how many of the Representatives voted for the bill because this is an election year knowing that the Senate would never pass it and Obama would comply with the order of his handler Ben Bernake to veto such a bill.