129 responses to “Ron Paul’s Bill To Audit The Federal Reserve Now Has 271 Co-Sponsors”

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  7. Christine

    Barney Frank is pushing HR 3126 with 12 co-sponsors ahead of HR 1207 with 260 co-sponsors. HR 3126 allows that the FED will transfer employees into this new “Consumer Financial Protection Agency” and Obama will select the Director. Other agencies listed will also transfer employees into this new Agency. Restructuring.

    Once again, the same scenerio… the government under the Bush Administration causes the financial housing crisis with pushing home loans to un-creditworthy borrowers, low income, lowers the standards for loan qualifications, ARMs, and they are the foreclosures of today. Now the government wants to appear as the “Savior” to “protect” the American people through this new Agency. Is this Agency created to protect our liberties or take them away?

    Before this happens, HR 1207 needs to pass out of committee onto the floor for a vote to Audit the FED….then abolish it…along with the IRS.

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    1. Jeff

      Damn Right to both.
      God, imagine what we could be as a country without both these evil institutions running our lives?
      Yes, we need to go back to the gold standard, that will prevent the printing of too much money, which is what we have now, which is why the dollar is only worth about 3% of what it was 50 years ago…
      Say, I wonder how much gold there is in Fort Knox?
      Anywhere near as much as there probably is in Iron Mountain?

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  8. TheCriminalFed

    This Board of Governors would include members appointed by the President and approved by Congress who would outnumber the board members selected by bankers.

    One little sensational caveat they forgot, this board of governors would BE APPOINTED AT THE DISCRETION OF THE BANKERS by basically pre-approving their appointments through large scale bribes to the Senate & Presidency.

    They would be approved every time by way of DECEIT brought on through careful, calculated bribery and rigging of the system!

    http://home.hiwaay.net/~becraft/mcfadden.html

    Whoops….Forgot the little caveat

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  9. Sean

    The federal reserve

    “Wilson had to find a middle ground between those who supported the Aldrich Plan and those who opposed it, including the powerful populist wing of the Democratic party, led by William Jennings Bryan, which strenuously denounced private banks and Wall Street. They wanted a government-owned central bank which could print paper money whenever Congress wanted. The compromise plan, based on the Aldrich Plan but sponsored by Democratic Congressmen Carter Glass and Robert Owen, allowed the private banks a certain level of influence over the new Federal Reserve, but appeased the populists by placing controlling interest in a central, public board. This Board of Governors would include members appointed by the President and approved by Congress who would outnumber the board members selected by bankers. Moreover, Wilson convinced Bryan’s supporters that because Federal Reserve notes were obligations of the government, the plan fit their demands. Wilson’s plan also organized the Federal Reserve system into 12 districts. This was designed to weaken the influence of the powerful New York banks, a key demand of Bryan’s allies in the South and West. This decentralization was a key factor in winning the support of Congressman Glass.”

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    1. Ross

      Come on Sean,tell us how much they pay you.Nobody pumps out this much BS with such dispassionate cherrypicking and blatant distortion of the facts so consistantly without recompense.

      Why was it that Woodrow Wilson signed away the rights of congress to issue currency just before Christmas in 1913 when most of congress had retired for the the Xmas break?Why did Pres Wilson later lament that he sold out his country?If there was to be a compromise between the excesses of The Private Fed and Congress producing currency,why was the final deal totally in favour of the FED Res? Pull the other one Sean.

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      1. Sean

        There were almost 70 out of a 100 senators that voted for it.

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    2. Lindsey Brutus

      Sean: Absolute power corrupts absolutely! When the Fed was given it’s power it was done for a noble cause. However, when people are put in charge that are corrupt or sometimes ignorant things get out of control. The Fed needs to be audited and when it is I’ll betcha we find that they are out of control, corrupt and maybe ignorant. The free market can be a very cruel regulator but it is necessary if our free market economy is to survive. Having the gold standard again is a crude but effective way of imposing discipline on our financial markets. I think there are better ways but the gold standard would definately be an improvement over the mess we have now!

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      1. Sean

        We could return to the gold standard and everyone who owns our dollars can take all our gold!!! Good thinking. We only give china 500 billion dollars a year for goods. We can just give them gold till we run out! damn, you people are brainwashed.

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        1. Lindsey Brutus

          You’re right Sean! It is amazing that gold has gone from $20 an ounce to near $1000 an ounce since 1913.. The price of gold would have to be pretty high wouldn’t it. However, you and I both know ( I hope) that we won’t be loading cargo ships with gold and sending them to foreign countries unless they lose faith in our currency. Without an audit of the Fed. I’m not sure that we could set a good price for a gold standard as we don’t know how many notes are out there!
          Sean, if foreign countries loose faith in our currency then that means that they have lost faith in our economy. Let’s keep our free market economy strong and this won’t happen!

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          1. Sean

            They would come here with cargo ships to take our gold. The trade deficit is the reason why we got off the gold standard. We started running out of refined oil the year before and had to start importing. There ended up being more petrodollars than we had gold to back it up.

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          2. Matt

            “It is amazing that gold has gone from $20 an ounce to near $1000 an ounce since 1913..”

            It’s even more amazing that putting $20 in the S&P 500 total return index even 13 years later (1926) would now be worth more than THREE TIMES that amount ($3,208)! :)

            »crosslinked«

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      2. anarchist

        Lindsey Brutus:

        There is nothing whatsoever “noble” about the Federal Reserve System. They crept in under the radar like the snakes they are for personal gain at the expense of the
        American people, or more appropriately the “American
        sheeple”.
        The free market system has never been cruel, except when
        it has been totally manipulated by the “FED” like it has been since 1913. They are totally responsible for the dollar losing 96% (one percent a year for 96 years) of its
        value! The gold and silver standard is the only way for
        total stability! Our gold reserves have not been audited since 1954; even Ron Paul has said he doubts very much that
        there are any gold reserves left in this country. The gold
        has probably been moved by the “FED” to European central
        banks! What a surprise! The U.S. Mint recently ran out of gold blanks, and had to suspend minting of gold coins.
        WTF is going on here ?!?!?!?!

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        1. Lindsey Brutus

          Anarchist: Until the death of Benjamin Strong the Fed did pretty much what it was supposed to do. If you aren’t familiar with him, he was the first head of the Federal Reserve Bank of New York. He died in 1928. While he was the head of the bank, the Fed did pretty much what it was supposed to. However, after his death the public started to loose faith in the free market system and we went from being a country that believed in limited government to the “New Deal”. Ever since the early 30′s the Fed has promoted the idea that the private economy is unstable while it is actually the government that has been the major source of economic instability. Of course the different people in the Fed want to keep their jobs so they have consistantly sold the country down the river since the death of Ben Strong. The same thing happened when the Second national bank was chartered. At first it worked fine but then we got a guy named Biddle in charge and the corruption started. Fortunately Jackson was able to pull the charter. Maybe we never should have started the Fed as we should have learned from our previous mistake but we didn’t. However, I maintain that IF you have the right person in charge, the Fed is a good concept. I am familiar with your argument that it was corrupt from the beginning and I have read the book “The Creature from Jekyll Island” and it’s authors arguments. However, the performance of the Fed under Ben Strong indicates to me that he knew what he was doing and had the interests of our country at heart.

          Let me add one more thing. The free market system will be cruel if we manage to get rid of the Fed. In the long run it will be beneficial, but in the meantime we’ll be in for a rough ride! We as a country need the rough ride to restore our values though and it will be well worth it!!!!!!!!!

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  10. Jay Randall

    GO, RON, GO!!!
    Congressman Paul may be the ONLY PERSON capable of spearheading this thing. The Fed, guided by the fools at the Bank for International Settlements, is driving the economy RIGHT INTO THE GROUND. The idiots have lowered interest rates in an attempt to re-inflate all these stupid financial bubbles.
    LET THE BUBBLES POP!!!
    Article, with more juicy Ron Paul video:
    http://www.econocataclysm.com/ron-paul-theyre-central-economic-planners-through-monetary-policy/

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  11. TaxationWithoutRepresentation

    Onward men!!!!!

    Open those books, lets find out what is happening at the Fed!!!

    Our honorary Fed shills aka “Fed employees” at the blog like sean, can finally be shocked & amazed at how we run our printing press adding so much money to the supply that it devalues the currency!!!!

    Then they’ll claim the politicians did it. With rigorous oversight, we can at last see how the Fed does it and what they’re doing behind our backs. Lets get this done.

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  12. Society and Culture: Ron Pauls Bill To Audit The Fed Now Has 250 CoSponsors

    [...] to audit the Federal Reserve (HR 1207) now has 250 co-sponsors, and the numbers keep growing!Source:http://www.ronpaul.com/2009-07-08/ron-pauls-bill-to-audit-the-federal-reserve-now-has-250-co-sponsor… Posted by Andy B at [...]

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  13. longshotlouie

    circular and straw

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  14. Kerry

    I’ll give you one more thought, one that’s put me at ease over this. Ron Paul and Bernie Sanders have one thing in common besides their support for this bill – they are two of the most unsuccessful lawmakers of this generation when it comes to getting legislation passed. Luckily when they touch something it is doomed to fail. At some point these cosponsors will begin to understand what they are supporting and cop out one by one.

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    1. Sean

      Has ron paul ever passed any legislation?

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    2. VR

      The sound of an empty gun.

      click, click

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    3. Lindsey Brutus

      Mr. Kerry: Didn’t we reject your bid for president 8 years ago? Are you one of the elitists that will not sign on to S# 604? Are you? Your beloved Mr. Obama wants transparency in government sir. Let’s get behind him and give him the transparency he is asking for! Audit the Fed!!!!!!!!!!

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  15. Kerry

    two words: Bernie Sanders

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    1. longshotlouie

      and that is the climax of your argument, weak

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  16. Sean

    The congress is having a hearing right now to expand the power of the fed.. tune in at http://www.cspan.org … resuming shortly

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  17. Kerry

    Time to let longshotlouie move onto blindly endorsing the next Ron Paul scheme. His theory on the creation of money is pretty funny and shows he’s not worth our time Sean. Bottom line is Ron Paul wants to shatter the world financial system for the sake of increasing the size of government and giving democrats more power. He can try to detract from our system all he wants but the fact remains that we are the richest society for two reasons, our financial system and our freedom. Fed autonomy is an important part of the most successful financial system in the world. Ron Paul wants to get in bed with socialists and democrats to ruin this for some reason. I think he must have a screw loose.

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    1. Sean

      ya, it really isn’t worth our time.

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    2. longshotlouie

      Still whining with zero to back up your assumptions, except your dying statist beliefs.

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  18. longshotlouie

    Speaking of socialism, Marxism, etc., why would you support a central bank. Is it not one of the planks of Marxist belief?

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    1. Sean

      Socialism, communism, and fascism have nothing to do with the central bank!!!! Government ownership of capital determines these.

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      1. longshotlouie

        It’s OK. You don’t have to answer the question.

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        1. Sean

          OK… you are wrong. The central bank is not the plank of karl marx beliefs. Have you ever read a communist manifesto?

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          1. longshotlouie

            lessee, #5 of the The Ten Planks of the
            Communist Manifesto
            1848 by Karl Heinrich Marx:

            Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.

            The Federal Reserve System, created by the Federal Reserve Act of Congress in 1913, is indeed such a “national bank” and it politically manipulates interest rates and holds a monopoly on legal counterfeiting in the United States. This is exactly what Marx had in mind and completely fulfills this plank, another major socialist objective. Yet, most Americans naively believe the U.S. of A. is far from a Marxist or socialist nation.

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          2. Sean

            You are trying to play word games. You haven’t read a communist manifesto so you don’t understand. He is talking about direct ownership of capital. Do you know what capital is?? Capital is anything used to make goods. Karl Marx bases his theories off the government owning industries.

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          3. Sean

            Ex.. China and Russia are communists because they own and profit from factories. We are socialist because our tax dollars pay for social services like the post office, schools, police and so on. Italy was fascist because they managed businesses and told them what goods to produce and how to accomplish this.

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          4. longshotlouie

            It is you that play word games. I just continue to back up what I say with the facts.

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          5. Sean

            Your facts don’t carry any substance if you don’t understand them.. The Fed is not controlled by the government so your “facts” don’t relate.

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          6. Sean

            There is a major difference between state and private ownership of a bank..

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          7. Sean

            If congress did take over the responsibility of the fed and monetary policy then yes, i would be afraid of government influence and ownership in the economy like karl marx talks about.. That is the reason why the fed is independent.

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          8. longshotlouie

            Still confusing yourself.
            Noone is talking about the Congress manipulating the market like the FED does. Just need them to do their constitutional duty and be in charge of printing sound money, not debt money.

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          9. Sean

            I thought we were talking about karl marx? were we not?

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  19. longshotlouie

    Politics already makes the decisions, Kerry.
    The market is perfectly capable of maintaining price stability and low unemployment.

    Did not the FED drop interest rates to 1% and lower (the seed of our destruction)?

    We’ve already lost the AAA rating, and the dollar as the reserve currency is on it’s last leg, and the world economy is already in peril, UNDER the FED.

    Even a socialist, like a broken clock, is correct twice a day.
    I believe Kucinich is a bit of a socialist as well, but I still have respect for him.

    Guess what, Kerry. We aren’t fooled, we’ve done our homework.

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    1. Sean

      You obviously have not done your homework. You don’t understand the basic needs of the federal reserve. Without the fed tightening credit, there would be run away inflation..

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      1. longshotlouie

        I don’t understand the basic need of a crackhead either.

        What leads to inflation?

        1. Increase in the supply of money
        2. Price Controls
        3. Expenditure of monetary reserves

        Hmmmmm

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        1. Sean

          Wrong.. inflation is simply determined by the velocity of money.

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          1. longshotlouie

            If the demand for money increases against goods and services, there will be a general fall in prices. In order for an economy to experience a general rise in prices, there must be an increase in the money stock. With more money and no change in money demand, people can now allocate a greater amount of money for all goods and services.

            From this we can conclude that inflation is a general increase in the money supply.

            Increases in the money supply set in motion an exchange of nothing for something. They divert real funding away from wealth generators toward the holders of the newly created money. This is what sets in motion the misallocation of resources, not price rises as such. Moreover, the beneficiaries of the newly created money–i.e., money “out of thin air”–are always the first recipients of money, for they can divert a greater portion of wealth to themselves. Obviously, those who either don’t receive any of the newly created money or get it last will find that what is left for them is a diminished portion of the real pool of funding.

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        2. Sean

          Yes increasing the money supply generally does increase the velocity of money. But you seem to think that all inflation is bad. This is totally wrong. A country canno’t grow without inflating the currency. Businesses don’t expand and employers don’t hire people unless there is an increase in velocity of spending. The reason why prices inflate is to pay for new workers and expanding bussinesses. Deflation is the opposite. Whenever the money supply decreases or spending goes down, businesses fire people and lower their price of goods to bring up sales.

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          1. Nate Y

            I stand humbled. THIS is a more confused post than your last.

            Rev up those printing presses Ben!!!! Inflate the money supply!!! Devalue the currency!!! Destroy the incentive to save!!! Encourage reckless borrowing and speculation!!! You’re being much too tight on credit!!!! Krugman and Mankiw are right!!!

            Seriously though, Austrian Economics FTW!!!

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      2. Nate Y

        This could very well be the most confused post you’ve ever written.

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        1. Sean

          okay.. Let me explain. I work in the construction industry. I’ve done estimating and job bidding for years.. Whenever credit is cheaper, there are more people taking loans for new buildings. Whenever this happens we get more work. We have to charge more because we have to hire more employees and dig deeper for extra capital.. Tell me, how many business decisions have you ever made for a company?

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          1. Nate Y

            I’ve made 27894165419 business decisions for a company.

            Where does credit come from? What allows credit to be cheap?

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          2. Sean

            haha, okay change the subject.. That has nothing to do with what i was talking about or you were confused about.

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          3. Nate Y

            You said “Whenever credit is cheaper…”. YOU brought up credit. I am merely asking where you thing credit comes from and what allows credit to be cheap. Go ahead an answer.

            Also, I’m not confused. I said your POST was confused. The implication being you suffer from confused thinking. If I was confused by your post, I would have written something like…”This could very well be the most confusING post you’ve ever written.”

            Anyway, tell us your thoughts on credit. What is the source of credit? What allows credit to be cheaper? Part of your confusion lies in your misunderstanding of credit.

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          4. Sean

            Credit is debt issued by the banks. The federal reserve allows credit to become cheaper when the economy isn’t growing up to par. The federal reserve can also make credit more expensive when too many people are borrowing money and inflating the currency too much.. I don’t think you understand that most businesses run off credit and all homes are bought with credit. It’s what makes the money go round.

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          5. Sean

            You can liquidate debt, then it becomes an asset. It becomes a tangible item with inherent value.

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          6. Nate Y

            I understand we live in a credit/debt system. That’s the problem. But for some strange reason, you don’t seem to understand that such a system (credit/debt) is unsustainable. The manipulation of credit, the artificial lowering of interest rates, the unchecked expansion of the money supply, etc. causes malinvestments and misallocations of capital and creates the business cycle.

            More importantly, I didn’t ask what credit is, I asked you where it comes from. Please let us know what you think the source of credit is. Hint: Banks are not the source of credit. No more than gas stations are the source of oil/gas.

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          7. Sean

            Credit comes from open market securities.

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          8. longshotlouie

            Don’t be trying that logic thing with sean.
            It gives him a migraine.

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          9. longshotlouie

            Jus’wondering ….
            What is ‘par’ for the economy?

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          10. longshotlouie

            Sean replies:
            July 9th, 2009 at 6:14 pm
            You can liquidate debt, then it becomes an asset.

            … at pennies on the dollar

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          11. Nate Y

            I haven’t heard of “open market securities” I do know of open market operations though. But that is not the source of credit. It is the method by which central banks manipulate credit.

            So, what is the source of credit? Again, it is not banks/central banks.

            Let’s say I want to borrow money from you. What must you have in order to provide me with a loan?

            One more hint: It starts with an “s”.

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          12. Sean

            savings bonds, treasury notes, securities, pretty much all the same thing…. a lot of banks run off of depositors money.

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          13. Sean

            securities that the central bank gets from the open market. I think that was a good enough answer.

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          14. Sean

            Again I can say this a thousand or a million times. You can’t have sound money with an outstanding trade unbalance. And again, free trade policies have made it cheaper to import goods than produce them here and live within our means. Ohhh ya, you think its better to tax the fruits of our labor instead of foreign manufacturers. I totally forgot about that.

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          15. Sean

            if you knew a little something about history, than you would know that Teddie Roosevelt was the first president to make a huge foreign policy impact. Then Woodrow Wilson followed his path to interconnect countries. He did this setting up the federal reserve and by dramatically lowering tariffs and replacing them with the income tax.

            Read the first two columns.
            http://en.wikipedia.org/wiki/Presidency_of_Woodrow_Wilson#Federal_Reserve_1913

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          16. Nate Y

            Nope. I’ll just tell you. Credit comes from savings. Not from bonds, treasury notes, or securities. Savings is the only source of credit. You must understand this if you’re going to have any hope of making economic sense.

            Also, you have it backwards again. A country can’t have an outstanding trade balance (at least, not for long) if it has sound money. Why? Because sound money is commodity or commodity backed money. If a country has an outstanding trade balance, its creditors can swap the currency for the commodity. Before you bring up Nixon again and his closing of the gold window as if it was something he HAD to do, understand that he didn’t have to do it. He could have and should have done the honorable thing and kept true to the nation’s promises. Just like the government didn’t have to bail out the financial industry with TARP and TALF, just like they didn’t have to bail out the auto industry, etc. Yes, it would have been painful in the short term but it would have proven wise in the long run.

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          17. Sean

            Hahahaha! that is where credit comes from. You can call it savings but that those are some of the actual names. You can call them savings or investments. I’ve said this all too many times.

            “OVER THE LONG RUN, NATIONS WITH TRADE SURPLUSES TEND ALSO TO HAVE A SAVINGS SURPLUS WHILE THE U.S. HAS BEEN PLAGUED BY PERSISTENTLY LOWER SAVINGS RATES THAN ITS TRADING PARTNERS which tend to have trade surpluses with the U.S. Germany, France, Japan, and Canada have maintained higher savings rates than the U.S. over the long run.[9] Some economists believe that GDP and employment can be dragged down by an over-large deficit over the long run. WEALTH-PRODUCING PRIMARY SECTOR JOBS IN THE U.S. SUCH AS THOSE IN MANUFACTURING AND COMPUTER SOFTWARE HAVE OFTEN BEEN REPLACED BY MUCH LOWER PAYING WEALTH-CONSUMING JOBS such those in retail and government in the service sector when the economy recovered from recessions. “SOME ECONOMISTS CONTEND THAT THE U.S. IS BORROWING TO FUND CONSUMPTION OF IMPORTS WHILE ACCUMULATIING UNSUSTAINABLE AMOUNTS OF DEBT” – Wikipedia

            “The United States of America has held a trade deficit starting late in the 1960s. It was this very deficit that FORCED the United States in 1971 off the gold standard). Its trade deficit has been increasing at an alarming rate since 1997 [35] (See chart) and increased by 49.8 billion dollars between 2005 and 2006, setting a record high of 817.3 billion dollars, up from 767.5 billion dollars the previous year.[36]” -Wikipedia

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  20. Kerry

    It’s quite simple really. If Congress gets control of the Fed, politics will determine its decisions not its charter which says that it is supposed to mantain price stability and low unemployment. Instead of tightening interest rates when needed to combat inflation, the democratic congress will let inflation run rampant to inflate away their massive public debt. The U.S. will lose its AAA rating, the dollar will lose its status as the reserve currency and the world economy will be in peril.

    Ron Paul is an amazing polician. He has you so fooled that he can get you to support legislation that will give democrats more destructive power. The sponsor for the Senate bill is Bernie Sanders. He is a self proclaimed socialist. How does that jive with your beliefs?

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    1. Sean

      hahaha true.

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      1. Ross

        Sean,troll us over in the clover,troll us over lay your lies and do it again.You have have to do better Sean.You’d think that with a name like Sean you’d have some idea of what the British did to the Irish.There is a sense of fair play that is serverely lacking in both Sean and the Fed.

        Fed on the reserves of our humanity Sean? Is that your philosophy? Your greatest aspiration is to be a non-productive parasite?

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  21. Funny Stuff

    I guess the troll’s long holiday weekend is over.

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  22. Kerry

    I agree, it was silly to think a reasonable conversation could be had on this website. I should have been aware of the complete lack of understanding of economics and financial markets that Ron Paul and his supporters have.

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    1. longshotlouie

      Educate us, and quit your whining.

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      1. Sean

        please. You whine all day every day. funnnnny.

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  23. Kerry

    Just going with what one of the cosponsors of your disgusting bill Rep. Carolyn Maloney says about Bernanke: “He’s basically an academic working in a nonpartisan way to save the economy.” – todays WSJ.

    The other point is that the FED needs to be able to make quick decisions. Have you ever seen Congress make a quick decision?

    I can’t beleive someone who has stood for freedom for so long would come up with a bill that makes government larger and more unwieldy. You Ron Paulers really need to wake up.

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    1. Sean

      You have a good valid point but they believe in too many conspiracy theories. For some reason I think they believe that we could get rid of the fed without nationalizing the banks, but they know nothing about economics or history.

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    2. longshotlouie

      If I might interrupt your statist circle-jerk, the money supply is the responsibility of Congress according to the supreme law of the land (The Constitution).

      The FED is in the situation of having to make ‘fast’ decisions because of their own mistakes in manipulating the economy.
      Those so-called fast decisions are nothing more than the pocket lining of those ‘in the know’.

      Dr. Paul is not proposing that the Congress manipulate the economy in this fashion. The market is more than capable of sizing itself. Hence, no extra bloating of government.

      How many conspiracy theories is too many, Sean?
      History and economics make a fool of your belief system, more and more each day.

      Hang on to that sinking ship.
      lmao

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      1. Sean

        I guess history is a lie and economics isn’t a science..

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  24. Kerry

    This is one of the most dissapointing pieces of legislation I have seen in years. Do you know what taking away the Fed’s independence will do to the dollar? Do you know what giving Fed control to you jokers in Congress will do to the world economy. I can’t believe I once considered voting for you. You are a disgrace.

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    1. Megaphone

      Are you serious? Fed independence?
      Maybe independence from responsibility.

      When the top people at the fed are politically appointed, they are not independent.

      Kerry, WAKE UP

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    2. Mike

      Seeing as the dollar has dropped over 95% in value since the Fed took the helm in 1913, and dropping more and more each day, what harm is there in taking away their independence? They’ve had almost 100 years to prove themselves, and have failed.

      It’s long overdue to remove them and start over again with the gold standard and take away the control of money from government.

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      1. Sean

        actually, i would say that our economy has inflated quite well in the past 100 years. Without easy credit we could not build high rise buildings, we could not build a fraction of what we have today.. Just look at t boone pickens predicament. He spent a billion dollars on windmills but can’t do anything with them because he can’t get credit from the banks to build a power grid.

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        1. longshotlouie

          Sean luvz him sum bubblez.

          Scammer T. Boone gave up on the windmill biz.

          People aren’t spending and the banks aren’t lending? Hmmm

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          1. Sean

            He didn’t give up. He is delaying the project till the banks will supply him with credit.

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        2. Mike

          Look where your ‘easy credit’ has got us. Take a look around yourself at our current economic crisis/recession/depression/whatever-you-want-to-call-it.

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          1. Sean

            well we wouldn’t be the leading economy in the world if we didn’t have easy credit.. We for sure weren’t leading the world economy before the fed.

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  25. Sean

    What if Ron Paul was elected to the Chairmen of the Federal Reserve?

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    1. longshotlouie

      He would get more time to fish.

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  26. Antony

    Only 40 more to go yehaaa!!!Come on guys we can all do this! Lets pump up the volume one more notch!

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  27. TheCriminalFed

    The Criminal Fed and anything to do with global government, needs to be brought to heel and it is time to put senate challengers in each district who understand the issues that this raises so we can elect them one by one right over the head of the corporate monolith.

    We need new senators who will FULLY INVESTIGATE the Federal Reserve, bring criminal charges where necessary and expose the alphabet soup of these audits.

    We need this current Senate leadership to see the writing on the wall and get to the audits. We demand ACCOUNTABILITY of this secretive, thieving institution and to decide what it’s doing.

    All the american people will soon see how the Fed really conducts itself and the awareness will at last reach mainstream, so we can make a decision on whether to be done with this institution or not.

    It is too secretive and unaccountable, there is something very wrong with that picture no matter where you run from or are just joining us. What is the Federal Reserve, indeed…

    And did we ever need it to begin with shall be a good question…

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  28. Ross

    FED ON THE RESERVES of the American people.How could so many Congressmen stand by and watch their country and its’ people reach the lowest ebb in their history? It is beyond belief!

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    1. Matt

      “their country and its’ people reach the lowest ebb in their history?”

      Really? Lower than the civil war, great depression, long depression, WWI or WWII, Panics of 1819/1837/1857/1873 or even the economic/social strife of the 1970′s?

      I would suspect that the bulk of our ancestors would find that statement, when juxtaposed to our improved living conditions, available opportunities for driven individuals, and explosion of information availability, to be overly dramatic in the least and laughable in the most likely.

      Heck, they might consider that a slap in their collective face when you minimize what they successfully surmounted to give you the opportunities you have today.

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      1. longshotlouie

        Since we haven’t seen the bottom yet, you probably should wait to throw your hissy fit, Matt. I suspect that many of our ancestors would tell you to keep your so-called ‘improved living conditions, available opportunities for driven individuals, and explosion of information availability’.

        Juxtapose that.

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        1. Matt

          For you, the bottom will always be another day. ‘Social strife is forthcoming in 1980!!!’ ‘Wait, I mean 1990!’ ‘Wait, I mean 2009!’ aaaaaaaaahhhhhhhhhh!

          I am stunned you are saying living through wars is EVEN EQUIVALENT to this recent financial crisis, nonetheless is preferable to today? I cannot believe you are even defending that statement. I can see our ancestors sitting around, and I TOTALLY agree (sarcasm) the conversation would go like this:

          “Ah yeah, that ‘great war’ and ‘civil war’ and ‘great depression’ and ‘long depression’ were rough, but JEEZUS YOU SHOULD HAVE BEEN IN THE US IN 2008/2009! Now THEY had it rough!”

          I’ll make just one point (then wait for the response to tell me why dying ‘young’ is such a fantastic thing):

          If we were all born between between 1850 and 1900 our life expectancy would be between 38 and 43 years. Ron Paul would have most likely died 25-30 years ago, much of this board would be dead, too.

          To name JUST TWO examples, i’m betting had my great-grandfather (who died in the coal mines of PA with black lung at 35, and had his body just dumped on their front lawn) or my great-great grandmother (who died at 32 while giving birth) would SURELY have given up their relative squalor to enjoy better healthcare, see their children and grandchildren grow up, maybe talk to them on a webcam, fly in an airplane to see them, enjoy improved working conditions, a dentist, air conditioning, etc… Oh yeah, these are the rough times, they had it easy.

          Yeah, wars are weak, these are the ROUGH days, this is totally ‘the lowest ebb in our history’… Whatever.

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          1. longshotlouie

            Focus, Matt

            The man said ‘watch’, not watched.
            It is still in the making. This is not the bottom.

            The rest of that jibberish is relative.
            You continue to think that those people think in the same terms that you do.

            If my grandfather could read what is in the news today, he would tell you to keep your fancy bullshit.

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          2. Matt

            I’m cool to wait. Ron Paul’s track record (which I assume y’all are basing your opinions on) on calling for social instability is shitty at best. 30 years and counting! ‘Wait, no, this time I mean it!’ Again, to reference: http://mises.org/books/goldpeace.pdf

            Given mortality rates, if we were born anytime before the Federal Reserve was created (arbitrary timeframe) you would most likely never have met your grandfather, not once. Don’t pretend to think that he wouldn’t have wanted the chance to hold his grandchild.

            Oh wait, because you knee-jerk disagree, I am SURE he would have told you to ‘keep your fancy bullshit quality of life and life expectancy, i want nothing of that mumbo-jumbo’.

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          3. longshotlouie

            Circular Straw

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      2. Ross

        Matt this is only the beginning of the downhill run.Obama has given more power to the Fed,the instigators of this collapse.The debt per capita is the biggest in US history.The US has lost most of it’s manufacturing and now has a nation dependant upon service industries that survives on discretionary spending.

        If they continue to create money the US dollar will collapse.Obama is nationalising everything except the Fed.It will be a disaster!

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        1. Matt

          I am not saying there are not challenges ahead and obvious items that have to be remedied, there always has been and there always will be. I suppose we disagree on the end result. Again… “We probably will see widespread civil disorder in the 1980′s, as a direct result of our faltering economic system.” (Ron Paul quote, 1981) There is no sure-fire truth in telling the future, so it’s always best to keep a bit of humility when crying chicken little.

          If the Fed is the “aforementioned instigators of this collapse” why did other capitalistic countries with various levels of free-market activity, fiscal policy, monetary policy and govt balance sheet standing, suffer the EXACT SAME HOUSING BUBBLE AND SUBSEQUENT BUBBLE BURST. To blame it on the Fed is a complete cop-out (this is a legitimate application of what usually is louies everpresent parroted copout: ‘Straw’) and demonstrates an illogical focus and lack of of understanding about the mechanisms by which free markets work.

          If you want to audit the United States Fed, fine, but you cannot blame one person/entity for this collapse, that absolves many others across the globe of what should be individual/regulatory responsibility.

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          1. Ross

            Matt,Who owns the the Euro? Basically he same group of banks who own the Fed.Who owns the UK pound,ie the Bank of England or the Rothschilds who also are parteners in crime with the Euro and US $.

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          2. Matt

            OK….. So that is two currencies… Of which to mention just one, there was a tremendous variety of ideological response via economic construct by country within the euro-zone. Compare Spain and Italy, Germany and France. Ireland and Finland. You are telling me those diverse ideologies are all being controlled by one secret society? Get real. They argue and joust politically, they backstab and yearn to be stronger than the other countries. Any chance to take advantage of a conspiracy would surely be met with further Free Market activity to profit from the opposite – after you ousted them.

            Outside of those two items. What about the Japanese (who have also introduced stimulus packages to fight the recession)? Iceland (which collapsed)? Swiss (long the bastion of conservative banking)? Chinese (two HUGE stimulus packages relatve to GDP)? All of those countries have participated in, or been affected by, this collapse. And it was three central banks that orchestrated this global response? Really? Really?!?! EVERY OTHER COUNTRY IN THE WORLD IS A ‘SHEEPLE’?!?! Really?

            What about free market innovation and greed? The most-defaulted-upon loans that were made were in 2006/2007 – INTEREST RATES WERE NOT 1% at that time! So how did the central banks scheme to force ARMS and HELOCS on people? Wait, interest rates are EVEN LESS right now, and the same thing is not happening? Why was securitization and CDO’s (again 2006/2007 vintage were obliterated, not the 1% years) occurring? Did they also scheme to force the ratings agencies rate these as AAA? Your glaring omission of Free Market failure or regulation is ridiculous, and please don’t give me this ‘moral hazard was removed because we aren’t on a gold standard’ crap, look at how much actually DID fail and how many people HAVE been laid off.

            To address your glaring lack of mention… What about India, China, and Russia, who have all publicly QUESTIONED the reserve status of the USD, and rightfully so. Don’t you think if they were adversely affected by some conspiracy between EUR/USD/GBP central banks THEY WOULD ABSOLUTELY BLOW UP THAT SAME CONSPIRACY? Wait, or this conspiracy is so secret ONLY RON PAUL FOLLOWERS know about it and RUSSIA, INDIA AND CHINA DO NOT?!?!? Wait or are even our economic enemies involved too?

            Oh wait, it’s much more simple to get angry and pronounce ‘The Fed/Rothschilds/Bildebergs (insert fictional world-controlling cartel here) Are The Root Of All Evil’ than understand how things actually work, or just say ‘Circular Straw’ when someone else is actually making sense.

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  29. Megaphone

    Watch Rep. Marcy Kaptur (D-Ohio) rake Bernanke over the coals:

    http://www.youtube.com/watch?v=_OgzyROQ638&feature=player_embedded

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  30. MsKlink

    Madame IG says “I know NUTting” !!
    http://www.youtube.com/watch?v=PXlxBeAvsB8

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  31. Digg It
  32. Frank Collatt

    ATTENTION: To the members of both the House and Senate that fail to sign off and support Ron Paul’s Bill to Audit the FED, when it comes time for re-election the voters will have your record. Further, failure to support the truth, the law, and the integrity of government means that you are complacent to lawlessness, and theft, and you support tyranny and the destruction of Our Country, the United States of America.

    I cannot help but conclude that those members of Congress, that fail to pursue justice with regard to this matter are corrupt beyond measure, and certainly need to be removed from office, and prosecuted to the fullest extent of the law. America is watching, and as more Americans are affected by loss of their job, their homes, and their very lives and freedom, more will demand that their government address the problems.

    It is past time the lawlessness, and wasteful use of taxpayer money be brought to a stop. Thank GOD that RON PAUL, and the few in Congress that support him, and the truth, had the courage to stand up and do what was right.

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  33. john

    Ya im happy too that the number keeps growing. However its been pretty slow the past few weeks. Its safe to say that about 40% of congress is totally corrupt. And the Senate is obviously mostly corrupt. I cant believe these people were meant to actually represent the american people, how rediculous.

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    1. MsKlink

      It has been slow because they were on a summer break.

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    2. Megaphone

      Dr. Paul Revere
      http://www.alexa.com/siteinfo/dailypaul.com

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  34. Christine

    I’m thrilled that this number keeps going up! More and more awareness. This economic situation has most people questioning how it has happened….that everything was humming right along and then …sweep…where did all the money go? Who has it?

    I look forward to the FED’s audit…and beyond that… when the FED is actually abolished. Freedom will ring in the hearts and minds of all people, not just in America, but around the world. Freedom will ring louder than it has in a very long time!! I can hear it already, a 2nd Independence Day!

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  35. VR

    Truth is marching on

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