The movement to audit the Federal Reserve has come a long way over the past couple of years. According to Business Insider, there is a good chance that audit the Fed will be part of the official party platform in August:

House Majority Leader Eric Cantor recently announced his intention to bring Rep. Ron Paul's audit the Fed bill to a floor vote in July. According to the Library of Congress' THOMAS website, H.R. 459, the Federal Reserve Transparency Act of 2011, currently has 245 cosponsors. (edit: now 274!) FreedomWorks has identified 30 (edit: now 12!) Republican House members who have not cosponsored the audit the Fed bill.

+++UPDATE (7/19): House Republicans have just announced that "Audit the Fed" will be voted on in the House of Representatives on July 24, 25, or 26.+++Since its creation in 1913, the Federal Reserve has been responsible for the 95% loss in value of the U.S. dollar. In this economic crisis, the Fed has been responsible for over $14 trillion in bailouts and loans to undisclosed institutions, and it has participated in bailouts of foreign central banks and governments to the tune of $16 trillion.

___ UPDATE (7/19): House Republicans have just announced that "Audit the Fed" will be voted on in the House of Representatives on July 24, 25, or 26. ___

The value of the U.S. dollar is rapidly declining. The dollar is worth roughly half of as much as it was in the mid-1980s. Since the creation of the Federal Reserve in 1913, the dollar has lost a whopping 97 percent of its purchasing power. The Federal Reserve excessively printing money has devalued our currency which means the dollar can’t buy as much as it used to. 

Americans are feeling the pain at the gas pump. Gasoline prices have soared 42 cents a gallon since the beginning of the year. The nationwide average is now $3.74 a gallon, a 101 percent increase from January 2009. So who’s to blame?