Comments on: Ron Paul calls for Federal Reserve Audit at the Cato Institute

By: Jason

Jason — Sat, 27 Jun 2009 08:04:50 +0000

Matt,

“Normal people try to conform, and reasonable people do not conform, and look for alternatives. Therefore all progress belongs to unreasonable people.” ~Dr Bernard Shaw

You can try and stop the revolution but it’s already here Matt and Ron Paul is the lone dissenter.

“Let it not be said that no one cared, that no one objected once it’s realized our liberties and wealth are in jeopardy.” ~Congressman Ron Paul

Dr Paul, much respect for you sir. I and some of my friends in Iraq have read your book “The Revolution” and agree 100%.
/salute

By: longshotlouie

longshotlouie — Fri, 26 Jun 2009 22:02:03 +0000

How does one fight silly statements by making them?

Oh yeah, the same way the FED fights inflation, by inflating.

gotcha

By: Nate Y

Nate Y — Fri, 26 Jun 2009 21:41:39 +0000

You must remember that deficit financing (mainly made possible through the Fed) is not the only way for Congress to fund it’s endeavors. Congress could do so openly and honestly through taxes. Of course, they wouldn’t be able to get away with it for long. The Federal Reserve System serves to confuse, bewilder, and blind the people to the facts. It has obviously done so to you.

By: Matt

Matt — Fri, 26 Jun 2009 21:15:37 +0000

Then what do you call the person arguing with the person who is fighting silly statements and pointing out inaccuracies?

By: longshotlouie

longshotlouie — Fri, 26 Jun 2009 21:11:48 +0000

lmao

By: a no brainer

a no brainer — Fri, 26 Jun 2009 21:10:45 +0000

Fighting silly statements? Such a noble cause.

‘For the conspiracy’ and ‘Part of the conspiracy’ are the same.

Right, matt?

By: Matt

Matt — Fri, 26 Jun 2009 21:04:19 +0000

Dude, im not fighting an audit, but I am fighting silly statements.

If you aren’t for the conspiracy then you must be part of the conspiracy, right louie?

By: Matt

Matt — Fri, 26 Jun 2009 21:03:24 +0000

“Yes. The Fed is fully able to say “NO” to the Congress. They don’t have to fund whatever legislation the Congress passes.”

What the heck? Since when did the Fed become responsible for vetoing public policy – which is what they would be doing if they pick and choose among what policies, that Congress has appropriated, to fund? ‘Hmmmm, ok we will fund the war, but no on TARP, ok and we think FEMA is important so we will give you money for that, but that’s a no on the stimulus package.’ Entertaining that thought is ludicrous.

Like I originally said, noone is going to think ‘OMG TARP PASSED AND THE FED ACTUALLY GAVE THE MONEY TO THE TREASURY THAT CONGRESS APPROVED, THEREFORE AUDIT THE FED!’.

By: a no brainer

a no brainer — Fri, 26 Jun 2009 20:53:53 +0000

They love to say that they want to keep the politics out of the equation, but isn’t the FED chair a political appointment?

By: Nate Y

Nate Y — Fri, 26 Jun 2009 20:48:48 +0000

“What were they supposed to do if CONGRESS PASSED THE BILL, the Fed just arbitrarily says ‘nah, sorry government, we aren’t funding it?’”

Yes. The Fed is fully able to say “NO” to the Congress. They don’t have to fund whatever legislation the Congress passes. In fact, they’re supposed to do say “NO” in order to prevent Congress from borrowing and spending the country into ruin. The Fed is supposed to be independent of Congress/politics, not beholden to them. Of course, it is a completely politicized institution almost always working in collusion with government.