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Whereas, throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy. 

And whereas, since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations. 

And whereas, The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements.

And whereas, HR1207 and S604, the “Federal Reserve Transparency Act” will eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to enhanced scrutiny with the end result being the return of monetary power to the people.

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