Probably the biggest issue upon which the tea party was founded in 2007 is the idea that the Federal Reserve, created by an act that was passed in the dead of night during Christmas break in 1913, is an unconstitutional system of monetary management. The father of the tea party, Rep. Dr. Ron Paul (R-Texas) brought this issue to the forefront when he filed a bill to ensure a complete audit of the central bank. Now that Dr. Paul has retired from Congress, his work will be carried on with the filing of H.R. 24.
According to World Net Daily…
“Texas Rep. Ron Paul, the longtime advocate of Congress taking back control of U.S. monetary policy from the Federal Reserve, may have retired, but his goal of a full audit of the central banking authority survives.
U.S. Rep. Paul Broun, R-Ga., today announced that he has relaunched Paul’s “Audit the Fed” proposal and he will be pursuing the Texas congressman’s goal.
“I first want to thank Congressman Ron Paul for his tireless and unwavering dedication to auditing the Federal Reserve,” Broun announced. “His efforts paid off when the House passed his legislation with overwhelming bipartisan support during the 112th Congress.
“This accomplishment in itself marked the most significant stride made toward bringing real transparency to the nation’s monetary policy. Unfortunately, as has become the status quo, the do-nothing Senate failed to act on the bill before the end of the 112th Congress, causing it to flat line,” he said.
Broun’s proposal is the same as Paul’s, for a “full audit by the U.S. Comptroller General of the Board of Governors of the Federal Reserve and the Federal Reserve banks.”
He said he now is circulating the bill among House members to allow them to come aboard the campaign.”
Audit the Fed was one of the three main issues if not THE lynchpin issue of the tea party movement when it was formed in 2007. Other main issues are ending interventionism, and restoring personal freedoms.
Other articles: Georgia’s Broun keeps Ron Paul’s anti-Fed mission alive in new Congress