It is about time the the Federal Reserve be held accountable for itself. The Federal Reserve has secretively manipulated public money in the private sector for way to long. The Fed can manipulate money, create it from thin air via "programs", as they call it, and this can be incredibly damaging to the economy.

What they propose is the use Keynesian economics to bring us out of this depression. This doesn't work because it requires control of spending which our government and the Fed have shown they do not have the responsibility to do this. This use of supply side economics in overburdening our economy with over investment and malinvestment is what got us here in the first place. And now the Fed wants to do the same with our currency.

Bernanke of the Federal Reserve in the PBS Frontline special stated that the Reserve was becoming more transparent by offering a summary (in their own words) of their meetings to the comptroller general. This is not transparency because they offer only what they want us to see. You can see this special online here. Just go there and click "Watch Online".

What has been proposed by Rep. Ron Paul is H.R. 1207 Federal Reserve Transparency Act of 2009. This allows that now a complete audit of the Federal Reserve must be presented as required. It does not give control over them, but does present legitimate supervision of what they are doing to our economy. This is a great piece of legislation and is gaining momentum. You can take a look at the legislation here. There are currently 222 cosponsors to this legislation in the House of Representatives which you can find here. Enter in your zip code and if you do not find your representative presently cosigning this bill please call them immediately and ask them for their support of H.R. 1207!

Senator Sanders has since proposed a similar bill to the senate, S. 604 which you can find here. This has been moving more slowly in momentum, but still has hop so please call you senator as well!

Since this time the Federal Reserve is attempting to fight back! They have highered lobbyist Linda L. Robertson of John Hopkins University. She has worked in the treasury and was an infamous lobbyist for Enron before their collapse. You can find this article about her new position here, and her bio here. Please don't give the Federal Reserve the opportunity to stop this legislation. Please make sure that your Senators and Representatives have got aboard. Quash the secrecy, and promote accountability. All it takes is a phone call.

If you are not sure who your Representative is go here and enter your state and zip code.
You can find out you Senator as well by going here.