Majority Now Cosponsors Ron Paul’s Fed Audit

Less than 24 hours after WND reported a proposal from U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve was approaching majority support in the U.S. House, he is confirming the plan has reached that “crucial benchmark.”

“The tremendous grass-roots and bipartisan support in Congress for H.R. 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” Paul said shortly after U.S. Rep Dennis Kucinich, D-Ohio, became the 218th cosponsor, giving the plan, technically, majority support in the 435-member House.

Paul has long opposed the power held by the Federal Reserve and its ability to manipulate the nation’s economy and over the years has launched multiple proposals to get rid of the private banking powerhouse, without significant support.

But in light of the economic collapse in the United States – the government takeover of the banking industry, the government’s demands for various auto industry bankruptcies, the government’s appointment of a “pay czar” – change apparently is coming.

“To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have,” Paul wrote in a recent Straight Talk commentary. “They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability.”

Too read the rest of this article go to http://www.wnd.com/index.php?fa=PAGE.view&pageId=100855

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