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by John Charlton

federal-reserve(Oct. 30, 2009) — It’s not only mischief night in America — the night before Halloween, when good kids pulled pranks and bad kids when delinquent — it seems that its Mischief Week in America:  first Judge David O. Carter tossing an Election Fraud case, now it’s Mel Watt, Representative from North Carolina, who has gutted the Federal Reserve Audit Bill, proposed by U.S. Representative Ron Paul.

The only problem is, that Mel Watt’s district is home to the national headquarters of the Bank of America, one of the largest banks in the United States, and a strong supporter of Obama and the agenda of Sodom.

Many think that bankers are all about helping people: but if they studied the history of banking, they would see that it is all about usury, power and control.  Most do not know that the feudalism of Europe grew not out of the remains of the Roman Empire, wherein everyone was granted citizenship, but out of usurious debt mongering by large land holders, who used debt to enserf populations whole-scale, in times of famine, wars, and natural disasters, hitting the poor when they were down.

No wonder then that bankers do not light oversight: nor do they appreciated bills that shine the light on their activities.

Ron Paul said of his proposal to Boby Irvy of Bloomberg News:

There’s nothing left, it’s been gutted, . . .

This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”

Bob Irvy explained:

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

And added:

Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee.

Keith Kelly, a spokesman for Watt, declined to comment and said Watt wasn’t immediately available for an interview. Watt’s district includes Charlotte, headquarters of Bank of America Corp., the biggest U.S. lender.

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  1. Ron Paul does say,”he’ll reintroduce the admendments, when this comes to a vote”. I’m hoping he has enough support with 300 co-sponcers, he should.

  2. Ron Paul’s noble cause appears to have been undone. And it was our cause, too, as a once-free people seeking to reclaim our sovereignty. Our government is a de facto subsidiary of Goldman Sachs/J.P. Morgan Chase/B. of A./Federal Reserve Bank of New York–they are all part of the same power structure. The bankers are the lord of the manor; we are the serfs.