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Why is Senator "Bailout Bob" Corker against monetary transparency?


Senator "Bailout Bob" Corker has introduced a bill to audit the Federal Reserve. At first glance this might seem like a step in the right direction, except that he is behind the curve because there is already a bill in the US Senate to audit the Federal Reserve. It's called The Federal Reserve Sunshine Act of 2009 or S604. Its counterpart is HR1207 which already has significant grassroots and Congressional support with 303 and 30 sponsors in the House and Senate respectively.


What is wrong with simply co-sponsoring the pre-existing S604 bill that calls for a full audit of the Federal Reserve system?

The bill that Senator "Bailout Bob" Corker has introduced is a watered down and neutered version of S604. His bill allows for an audit of TARP and other bailouts (which by the way he voted for) but unlike S604 his bill does not allow for a full audit of the Federal Reserve, particularly it's inflation of the money supply or its agreements with other foreign central banks. The value of our currency is at the hands of the Federal Reserve and to turn a blind eye to what the Fed is doing under the cover of secrecy and darkness is both irresponsible and dangerous.

So the question becomes why Senator "Bailout Bob" Corker is so eager to compromise on an audit of the Federal Reserve? Why is Senator "Bailout Bob" Corker against monetary transparency? What's he trying to hide? Who is he trying to protect?

It is interesting to note that some of Senator "Bailout Bob" Corker's top contributors consist of PACs and employees from the following companies:

UBS/AG
Merrill Lynch
Regions Financial
First TN Bank

Also worth pointing out that the financial / insurance sector was the largest of all the sectors giving to Senator "Bailout-Bob" Corker's campaign at $3 million; again no relation to his position is implied. See http://www.opensecrets.org for more details on who is backing Sen Corker and others.

Call for Constitutional County Sheriffs in Tennessee Counties HJR771

Rep. Eddie Bass <http://www.capitol.tn.gov/house/members/h65.html> , a retired county sheriff, has introduced a resolution in the Tennessee General Assembly affirming the role of the constitutional sheriff in Tennessee counties.  HJR771 <http://wapp.capitol.tn.gov/apps/BillInfo/Default.aspx?BillNumber=HJR0771> proposes an amendment to the Tennessee Constitution that would define the county sheriff as the chief law enforcement officer in his or her county.  The proposed amendment states:


The sheriff, who shall be the chief law enforcement officer of the county in which he or she is elected shall have full law enforcement jurisdiction over his or her county and will command said county with the highest ethical standards and professionalism to insure integrity.  The duties of the elected sheriff shall be as follows: It will be the duty of the elected sheriff to uphold this Constitution and the Constitution of the United States, to provide full law enforcement services through out his or her county, to assist all other municipal law enforcement agencies in his or her county, as well as providing law enforcement services for any municipality that elects not to have their own law enforcement agency.

PROPOSED AMENDMENT TO THE SHELBY COUNTY CHARTER PROVIDING THE VOTERS OF SHELBY COUNTY RIGHTS TO RESCIND OR APPROVE ANNEXATION

source: http://deannexmemphis.com

This is a charter amendment that will take the power and control from local government and place the power and control back where it rightfully belongs- in the hands of the people. This law removes the right for Cities and Towns in Shelby County to lay claim to unincorporated areas of the county in the form of reserved annexation areas. The municipalities will then be required to allow the areas which they want to incorporate to vote on whether or not to be taken in.  If the  unincorporated area voters vote NO then the town or city cannot annex the unincorporated area. This law would also allow for areas of the city of Memphis which were annexed from 1970 to present to be de-annexed and returned to being unincorporated areas, and remain that way for as long as the citizens of that area wish or said areas incorporate into their own towns or cities. This amendment would truly put the power back in the hands of the people.

The Campaign for Liberty of West Tennessee, Memphis Tea Party, and Fisherville Civic Club, together with a coalition of local citizens, are co-sponsors of an amendment of the Shelby County Charter requiring any annexation initiatives, past or present, be voted upon by the citizens of Shelby County.

This power shall reside with the voters of Shelby County and allow for the rescission or approval of any proposed annexation of any municipality or unincorporated territories.  The following statement provides a summary of the proposed amendment:

“Shall Shelby County Charter be amended by deleting sections: 6.05 Municipalities, 6.07 Annexation, and 6.08 incorporation from Article VI and add a new Article IX entitled “Annexation, Deannexation, Municipal Boundaries, Incorporation

of Unincorporated territories, and Municipalities: to provide for the governing of how municipalities in Shelby County can change their boundaries by annexation and deannexation, and how unincorporated areas can incorporate. This amendment shall take effect September 30th 2010.”