by Ron Paul
Last week a new bill was introduced in the Senate to audit the Federal Reserve. Some backers of my bill HR 1207 and the existing Senate companion bill S 604 were a little miffed at this, but depending on how you think about it, this new legislation poses no great threat to our efforts.
With the economy in shambles, people are looking for answers – not just because of lost savings on Wall Street, but because of lost houses on Main Street. Because of the many problems we face, the Federal Reserve and its powers over the economy have come under scrutiny. This translates into a lot of political pressure on Congress. With all the House Republicans and over half of the Democrats signed on as co-sponsors, HR 1207 has enormous bipartisan support. It would be disingenuous for Washington not to embrace the principles behind this bill after all the promises for transparency. How can one credibly argue for more transparency in government in one breath and defend the secrecy of the Federal Reserve in the next?
However, there is still very powerful resistance to the disclosure that HR 1207 would require, and efforts to weaken it will continue to pop up before this issue is settled. The good news is that Washington is responding and the Federal Reserve has become the issue. Concerned Americans need to keep the pressure on by continuing to define what we want, and what we do not want.
One major concern is that HR 1207 constitutes some kind of power grab for Congress. Congress would not do a better job dictating interest rates or money supply growth than the Federal Reserve does for exactly the same reasons: Congress is not the free market. Any select group of people, no matter how wise and educated, simply cannot replace the wisdom of the market. HR 1207 does not seek to replace the wisdom of the Fed with the wisdom of Congress. That would be a giant step backwards. HR 1207 simply asks for full disclosure, and I am agreeable to allowing for a reasonable time lag to calm the fears that Congress intends to dictate monetary policy.
What we do want, what we insist upon, is that no longer will decisions that carry so much economic weight be made in absolute secrecy. We want to know what arrangements the Fed makes with other governments and central banks. We want to know who is benefiting from the actions of the Fed and what deals are being made. The Fed is already reacting to pressure by scaling back its liquidity facilities and returning to a more traditional monetary policy through direct asset purchases. With nearly $800 billion in mortgage-backed securities on its books already, $800 billion dollars in treasury securities, and no real limit to what the Fed can acquire, there is a tremendous opportunity for malfeasance.
We need to know who the Fed deals with, what they buy, how much they spend, and who benefits. As good as any step towards Fed transparency is, anything less than full disclosure at this point is unacceptable.
Processing your request, Please wait....
I aplaud you Ron Paul and other political representive Congress , Senate or other wise. Tim Geithner is just another one protecting the devil in the details. Take that little bull by the horns and you know what to do. Take back our constitution article #1 sec.#8 first amendment states: Congress shall have the right to coin , create the value of the dollar thereof; get rid of the federal reserve corp. and bring back the almost exstint department of weights and measures created from the coinage act of 1792 and manufacture our dollar and coins then distibute it interest & debt free again.
Like or Dislike:
0 
0
Dr. Paul really is the conscience of the united states
and plz be safe!
Like or Dislike:
0 
0
What is our government doing? By the time I pay licensing (business, auto, slilled trades etc.) taxes (sales, excise, income, property, etc.), tolls, fees and other government expenses, I pay 50% of what I work for to the government. The government then buys food, weapons/armaments and has bases/provides defense for other countries while the USA imports their inexpensive goods. Then (guess what) people in the USA lose their job because of inexpensive imports. Only when those countries learn to defend themselves will their goods begin to be priced as high as our U.S. domestic goods. Then we can keep our work and the market will become more free. Just who (Fed or otherwise) is making the decisions in Washington D.C. anyway?
Like or Dislike:
0 
0
who is making the decisions in Washington? There are people behind the scenes that you and I don’t even see that make the decisions for this country. People that belong to a globalist organization that desire to cripple the American economy in order to make the playing field of the world more even. Those people are the same people that control the Federal Reserve. That’s why they don’t want it audited. There best weapon is secrecy.
Like or Dislike:
0 
0
Mr Ron paul, I know and realize that you are the only honest and honorable man in the united states congress …Your postion to Auditing the federal reserve is 100 percent correct and must not be compromised…American people in general have no clue about the thuggery of the federal reserve …I have been writting about the corrupt federal reserve and its evil extensions of the Goldman sachs, morgan stanley,and JP morgan on the CBS blogs for the past two years, with great success of enlightening average americans…People do not understand that this financial mess would have never occured if Goldman sachs and morgan stanley did not manipulate the oil futures market to 150 dollars a barrel thus collapsing the housing and the financial markets and it was all a deliberate act with the blessings of the federal reserve perpetrated by goldman sachs and morgan stanley on the expense of the american people and the world atlarge …I have been in the financial markets for the past 15 years and I understand the thuggery of the corrupt federal reserve better than anyone I ever come across or heard on the air, because the media its self has no clue of the american financial system and the thuggery that the federal reserve is able to perpetrate on to the american people every now and then by maipulating the the markets for their own gains to serve their jewish super rich masters and its a fact and the truth about the nature of things and not an anti semitic statement per say ,This is exactly the tactic that they use against people who tell the truth about their criminal activities by calling them anti semitic, nothing could be further from the truth, there is a clear effort by the federal reserve and the media to parade the economists on the air exactly to mislead the american people about the real facts …They have no human decency no regard for people’s suffering ,homeless people on the street while committing suicide,companies going under millions of people with no jobs,its all because of their criminal activities in the financial markets….How is it that the 99 percent of the white collar criminals in the united states are all jewbercon thugs …Let me provide you the evidence to support my statement…Lets start with madoff and 5 other mini madoffs one in florida,and one who faked his suicide and now serving 20 years in jail,two in new york city, one who was paraded on CBS 60 minutes ,Lets keep going with leehman brothers,bear sterns,Hang green bergs Aig,Tyco international second in command,imclone systems, enron cfo, converse technology ceo, conrad black of hollinger international in jail for 6 years,and countless hedge fund mangers who stole money from the american investors and ran away to Africa and israel waiting for some corrupt president to pardon them just like clinton did to one jewish thief from israel against the strong oposition of the FBI …This is a fight for the truth and justice for all mankind and thats what the shazmiforces stand for …I and my many generations to come could live happly ever after by the money that I made understanding the corrupt federal reserve in financial markets,but its not about me, I am an humanitarian by nature and doing this for the greater good of mankind ,because by the actions of the corrupt federal reserve every little person is effected around the world…Therefore ultimately it must be abolished to save the humanity and our beautiful god given planet Earth….I am also doing every thing in my power to introduce you to the american people so they would understand that Ron paul revolution is the only way to save america from itself …Strength and honor to you Ron paul may god give you success in this noble endeavour ….so long…Fellow
Like or Dislike:
0 
0
What people don’t realize is that the primary architect of the Fed , Paul Warburg , was a Nazi . He was also on the Board of American I.G. , the American subsidiary of Nazi chemical giant I.G. Farben that brought Hitler into power . He was from the same banking family that was responsible for the fall of the Wiemar Republic . Their INTENT is to bankrupt America , replace the Federal Reserve Note ( which is already virtually worthless ) with the digital Amero , turning America into a debtors slave camp inside the North American Union , completely controlled by the Central Banks . The Constitution mandates CONGRESS coin money , not that Congress BORROW money AT INTEREST from a cartel of traitors . The Fed , Chase ( notice the Chase logo looks like a Swastica , it’s not a coincidence ) and Bank of America are an insidious monopoly that needs to be broken up . Congress needs to stop being cowards . Ron Paul is the only man out of the lot of them . Forget Globalism . Demand LOCAL issuance of currency controlled by the People .
Like or Dislike:
0 
0
Man well said, you’ve expressed my words and thoughts perfectly, which a few can understand. This is the only place that I can relate to people in terms of pure conscious awareness of our society, loss of liberty and socializing our republic through control.
Thanks,
R.B
Like or Dislike:
0 
0
Perhaps the best idea is to spread a link of the bill to all your co-workers and associates?
I think that is the best way we can support Dr. Paul and HR 1207. I have 1,000 contacts in my address book and Ive sent a copy of this link to them all. It is more effective in today’s age to spread the word of freedom through the internet.
Like or Dislike:
0 
0
I agree , but in the 1960′s it was sit-in’s and activism that propelled the Civil Rights movement and ended the War in Viet Nam .
Letters are fine , non-violent Civil disobedience is better .
Like or Dislike:
0 
0
I must say that we’re in deeper than many realize. I feel for many of Americans that are awakening because sadly, the mass majority is still much asleep. If you want to see just how in shambles we are than please read my article at: http://restoretherepublic.net/article/2607/compilation-of-what-039-s-really-happening-in-our-world
Also, please look into the United Nations Copenhagen Treaty this December. It only has a chance of destroying our U.S. Constitution. Mr. Ron Paul, if you’re reading this please do everything you can to get Congress to push for having our President not sign this new Treaty for a One World Government, a Global Carbon Tax, Distribution or Wealth and a One World Police Force through the U.N. It’s in the actual document that will be signed and you can view it online; links about this including the 1 hour 35 minute video where by Christopher Monkton, the former science advisor to British Prime Minister Margaret Thatcher in the 1980′s warns us of this is included here: http://restoretherepublic.net/article/2611/treaty-through-un-to-end-u-s-sovereignty-dec-2009
Like or Dislike:
0 
0
Justin, thanks for the links.
And I don’t find useful the idea of the chip, not as it’s presented. It seems to me more of a business application than help or health care for any person. Matter of fact, I say it goes against both, the person and health, and eventually the business credibility will be at risk. It seems like a two edge sword.
The question is, is it naivety or simply open viciousness?
Think about this too:
First, it’s a fact, people are asleep, or at least it seems that way, the good question is why does it feel that way, and how long has it been going on?
Second, the issue about the Chip (OR chips) makes no sense once you get passed the reasoning of its immediate utility. Unless part of the planning includes having people going around dressed only with their own skin (like a removable tattoo).
Because it can be carried in an external device or an everyday accessory used by the owner, it makes more sense because the relatives can keep a copy, and in some situation should be the best choice.
The idea of ALSO digitally organizing data into more manageable and more accessible for the people that needs to look at is good. The idea of making use of existing technology is good too.
All these is valid assuming honesty and good moral prevails, and retaliation or criminality are not properties of anything found in earth. Properties that natural reasoning can resolve, because reasoning, for some reason, is now NOT accessible to us.
You have to wonder how come the individual is left out of having access to his own data, but is open to ‘the management of the moment’. It will make easier to spot a ‘target’, for good or bad, so it will open possibilities to modification of the target, which can affect anyone, including the rich and powerful too.
The whole paranoid scenario of having to resort to chips makes no sense. I think is the tip of the iceberg, it will take away more than civil right and liberty.
It says the humans developed over a long time failed. You have to wonder who is so disgusted with their humanity. AND GO FROM THERE.
Like or Dislike:
0 
0
Excuseme,
Properties that natural reasoning can resolve, but somehow is ignored because reasoning, for some unusual circumstance, is now NOT accessible to us.
Like or Dislike:
0 
0
The use of a chip as an information storage device is a precursor to an RFID chip that is to be injected under the skin in the same way that animals are chipped for when they get lost. The RFID chip is also to replace physical cash. Everything about you including your bank accounts would be on the chip.
It might sound bizarre but it is already used for patients that have issues like alzhiemers & in the military because it has GPS.
I generally don’t take on religious view points but this issue just takes on too much the idea of the mark of the beast
Like or Dislike:
0 
0
Rehabilitation or care of alzheimer’s patients and the military done by people will have the advantage of human nurture and jobs, the chip only will locate them, assuming that is still under the skin or active. A tatoo is removable.
The questions to ask about this are:
Why are we expecting the population to loose their memory?
Why are we even opening the door to personalized targeting when computers can not even kept free of problems?
Why are we turning critical personal information of a population to a central to make easier their mass control, for good or bad?
Is the chip called hitler?
does it have the shape of a star?
is it voluntary or mandatory?
The business profiting from this aplication of high tech is carrying on their accounts a massive hot potatoe. Why are they willing to take on that susceptibility?
Rather give them money for research on brain rehabilitation and standard clinical trials! it will provide jobs and open options other than a chip.
Like or Dislike:
0 
0
I have a solution to all government problems. Attach a rider with a list, to the next bill, that states, that all the government personel on this list will be terminated from ever working in government ever again. Put all the bad government employees on that list. It will probably pass without anyone ever reading it! Problem solved, how irresponsible is government. Not one of you read an 800 billion dollar stimulus package bill. I don’t even think the president read it.
Like or Dislike:
0 
0
We are at the cross roads of a very important time in our history.It was only 70 yrs ago that we had to fight the totalitarian facists and they weren’t just restricted to Germany.
They have again raised their ugly agendas and with hardly a whimper from the left or right,who seek the comfort of paid silence.
If all people who have a philosophy of free thought,do not have the courage to back Ron Paul,then don’t look your children in the eye tonight and tell them that life will be better in the future.It will be a lie.
Like or Dislike:
0 
0
I’m all for this FRC audit, but the reality of it is that if it happens and the heat gets to be too much for the FRC, it’s allies in government such as California senators Diane Feinstein and Barbara Boxer will run interference and help convince President Obama that such disclosures constitute a threat to national security. It’s the same old card trick they use when they want to prevent full disclosure to us. This is probably something that the next generation can push through, but at least we can get the wheels in motion.
Like or Dislike:
0 
0
I had dinner last night in Georgia with a bright young man(24 years old) that is walking across America defending our constitution. His name is Matthew Perdie. You can go to perdie.com and follow him on GPS. He is also filming his trip,and you can see what America is telling him.
He is a great young American!
Like or Dislike:
0 
0
ABANDON THE FED RESERVE—-REVERT TO LINCONS GREEN BACK OR KENEDY’S PLAN FOR THE U.S.A.TO PRINT ITS OWN$$$$$$ AT 0% INTREST—R—
Like or Dislike:
0 
0
And stop spending money that we don’t have. It works for me at home. Also we should send the IRS the same way as the FED.
Like or Dislike:
0 
0
We must FIRE the FED, and start printing UNITED STATES NOTES NOW.
Like or Dislike:
0 
0
Federal Reserve Notes ARE United States Notes, just by a different name. What we SHOULD do is do away with fiat money altogether and revert back to a commodity currency like Gold and Silver. Only commodity currency has REAL value. Fiat paper money that is legal tender only has derivative value based on the amount in circulation. This is the same for electronic “dollars”.
Like or Dislike:
0 
0
The Federal Reserve CORPORATION wants to keep everything secret because they are committing treason against the american people. Didn’t ~500 billion of bailout funds go to foreign banks? I say end the FRC before auditing them.
Like or Dislike:
0 
0
Chances are that no one will agree with me, but here goes. At this point in time we are in far more trouble already than we know. Cicero said that paper money eventually reaches its true intrinsic value, zero. The fed is currently charging the banks zero to twenty five basis points, which is one quarter of one point.
Federal Reserve notes are gone anyway, so what is the point in auditing the fed? The point is that the sooner we do it the sooner we can reject any such system in the future we,ll know better.
The iniquities of the system will be forever imbedded in our minds, and we will know better than to allow another such secretive system to be put into place to rob our children.
Auditing the fed will reveal the fraud the system has perpitrated on us, and we should reasonably be expected to see to it that our children aren’t put under the same reintroduced fraud. It,s to late for us, but not for them. We have already been robbed of our lifes labors.
Auditing the fed will be for our children and grandchildren, not for us. The old addage says “Don’t get mad, get even” but I say get mad and get even, destroy their empire and any chance that it will be returned.
Expose the fraud and free our descendants from the scourge of economic slavery that we have lived under. Don’t back off and don’t settle for anything else, or anything less.
We are already in trouble, but we can still save the children it,s comming, our children will suffer along with us, but don,t let the same thing become the inheritence of our descendants, our grandchildren.
Like or Dislike:
0 
0
Those that run the Fed. Reserve, and those behind the scenes require secrecy. Even if the Fed were to be audited, the results would probably be doctored or kept from the general public. If their agenda were to be made public, then their efforts at globalizing our economy and disintegrating the soverignty of our nation would collapse. WE COULDN’T HAVE THAT NOW COULD WE!!!
Like or Dislike:
0 
0
I know I am the only one to say this…but there is a flow to events….and if the Republic is meant to fall due to corruption, and a slacker/fantasy/sheep mentality in the people of this country…so be it.
The Phoenix always rises and the truth is always revealed… There will be great suffering, but it is part of the re-build.
I for one am an Activist and will work tirelessly to help Dr. Paul, and others like him…but I will also know when to retreat…
Like or Dislike:
0 
0
Retreeat is not an option when it comes to my children. This not not about you or me, it is about tomorrows unborn child. When the future of our children is at stake, we fight to the end, or we are not worthy of the life that god gave us. I will retreat when my life is over, only then it will be honorable.
Like or Dislike:
0 
0
If the FED wants to exist, it needs to justify its existance. So far,it is difficult for me to justify the FEDs existance. Let me see:
1. Since the FED was created, it devaluated our Dollar from 98 cents to 4 cents.
2. The FED got us living in the worse economic conditions in hystory.
3. We have 20% unemployment and climbing. The main stream media will claim only a 8.5% unemployment or so. The main stream media
will barely talk about the FED and its non transparent operations.
As an American who works hard for my money, I demand that the FED fully discloses all their transactions (domestic and foreign). What is the FED afraid of? Any one who opposes total disclosure by the FED just makes it so obvious that they totally turned their backs on “we the people” who elected them to watch our backs but instead decided to join the FED for their own personal gains.
Those elected officials should be voted out.
I propose that legislation should be passed establishing boundaries within all FED’s operation sectors. Those who choose to engage in corrupt, fraudulent behaviors should be punished severely; as they bring all Americans financially to their knees; and affect world economies. Instead, The Wall Street is ready to hand out $120 billion on bonuses now this year.
The average American was left out in the cold after so many bailouts while financial institutions used the bailout to invest on low priced real estate. They got richer. Do they have to pay the bailouts back? Frankly, I don’t think so; but they probably want more of our hardly earned moneys. Of course, we will be taxed, the next two or three generations will continue with the financial burden; and after all of that, some one is going to tell me that the FED will not fully disclose to us what they have been doing….? The FED does not want to be accountable; then, stay out of my hardly earned money.
Congress needs to be vigilant and should not allow itself to be intimidated by any financial corporation regardless of their affiliations. So much was preached about transparency and accountability during presidential campaigns. This is a great opportunity to prove to “we the people” that it was not just lip service.
I stand for protecting and defending our constitution; and our history. As Congressman Ron Paul says, our constitution should be legalized. Our constitution is our first federal law in our land.
Every elected official who takes the oath to protect and defend our constituion should be held accountable to the oath he or she took. The constitution should include an ammendment that administer punishment for those officials who take the oath to protect and defend it; but instead subvert it. Enough is enough.
No one is above our constitution.
We are a nation that has always preached around the world about democracy and freedom. We have sent men and women in uniform to enforce them; but we fail to do so in our own land; and we criticized Honduras for honoring their constitution, court, and congress. I don’t get it!!
I ask myself how can we continue to face the world and encourage these fundamental values, when we do not enforce them in our own country, our beautiful America.
Contact your representaives and let them know what you stand for.
I know it is hard work for Congress; but it is the job they were elected to do.
Remember, we Americans are the ones who get this country rolling. We produce unlike the FED that does not produce anything, but financial chaos for all of us.
Like or Dislike:
0 
0
As a Swiss, when I went to college in Florida, I immediately experienced the US Banking and the FEDERAL Reserve Bank first hand. Anytime I needed cash I just wired it from very good Swiss Banks. However, after paying hefty fees it took sometimes weeks to get into the American Bank Accounts. Naturally, keeping all the “Suckers” cash for days or weeks in the billions makes a nice return. No wonder all Government these days are against gold and real cash–as they cannot play the games as easy. They can always print more paper cash but they can print more gold.
Ron Paul really gets to the root and not the symptoms–there is hope with that but the scam is gigantic. However the US Citizens are waking up.
Like or Dislike:
0 
0
whats with the gouging on shipping for shirts and bumper stickers??
I want to support Ron not the shipping co. I mean really $6.99 to ship a $3.00 bumper sticker.
Like or Dislike:
0 
0
The true problem is that this is a guided default. When the Treasury of the United States kept a better balance sheet over at the FRC other countries would feed along. The intention of the FRC to weaken the dollar through velocity measures has attracted the attention of many other nations, of which many have now begun trading in country denominated currency versus dollars. “Just look at China and Brazil” Morevover, unless M# is used as a factoring tool again in total money supply we will never know the true depth of the FEDS balance sheet. If we allow them to establish joint ventures and rehypothecate our Treasury Notes into joint ventures with insurance and banking titans, while not marking the assets to the market, we will never again know the true balance sheets of commercial banks of Federal Reserve Banks.
At this pace, a total dollar collapse is on the horizon, which is exactly what they planned when the currency cycle pinnacled in 2006. The period of defaltion came and went unnoticed because the dollar value was offset by other central banks easing. What happens next year when we can no longer yield our strength or smaller currencies.
I have followed Ron Paul since studying the Great Depression back in the late eighties. This is a very similar cycle with FDIC backdrop being offset by 50 trillion in concumer debt.
Thank you Ben Bernanke, I am not a fan of widespread prosperity when a couple of you guys can have it all. I will fight for my childrens survival and should not be viewed as another Ken Lewis.
This is the same boom bust cycle as the roaring twenties, you are merely using a different asset class to destroy the wealth of the citizenry. Deflation, Inflation, Stagflation.
Devalue your debt on my back through dollar depreciation and still flush the money supply with trillions for the cronies at GS and JPM. We will see! Oh yeah, take that turd Geithner with you, even James Dimon can’t stand him!
Like or Dislike:
0 
0
Very few people – for so long and so hard – have fought for the personal responsibility and self sufficiency of individuals and government than Ron Paul! My wife and I fully support this effort to pullback the Emperor’s cloak, and see if he’s been skinny-dipping before us all this whole time. I fear the Fed has – and will only be satisfied when we return to the pure premises of the Constitutional foundation we were to be based on as a nation. Go Ron Paul!
Like or Dislike:
0 
0
I sent a letter to Sen. Hagan and Sen. Burr the other day .Today I got a response from Hagan which in the letter informed me she is not in favor of supporting this bill. In a nut shell hears her response………………………Dear Friend,
Thank you for your message expressing support for the Federal Reserve Sunshine Act. I appreciate hearing your thoughts on this important issue. I apologize for my delayed response.
The Federal Reserve Sunshine Act (S. 604 / H.R. 1207) was introduced in the Senate on March 16, 2009, and in the House of Representatives on February 26, 2009. The Senate bill was referred to the Committee on Banking, Housing, and Urban Affairs and the House bill was referred to the Committee on Financial Services. Both bills reform the manner in which the Board of Governors of the Federal Reserve System is audited by the General Accountability Office (GAO) and the manner in which such audits are reported.
Under the Federal Banking Agency Audit Act (PL 95-320), the GAO has the authority to conduct financial and performance audits of the Board of Governors, and the Federal Reserve banks and branches. However, such audits are limited, as the law stipulates that monetary policy operations, foreign transactions, and the Federal Open Market Committee operations are excluded from the scope of the GAO audits. The Federal Reserve Sunshine Act seeks to expand the GAO’s authority by removing these limitations.
As the Federal Reserve Sunshine Act is currently written, I am opposed to the legislation. Under common usage of the term audit — an examination of accounts and records — there is already a 100 percent audit of the Federal Reserve. Furthermore, Congress already reviews semi-annual reports on monetary policy submitted by the Board of Governors as required under the Full Employment and Balanced Growth Act (PL 95-523).
When Congress passed the Federal Banking Agency Audit Act in 1978, the legislation attempted to balance the need for public accountability of the Federal Reserve with the need to insulate the Reserve’s monetary policy function from political pressures. I believe this balance must be maintained going forward.
The formulation of monetary policy is a decision-making process that involves information gathering from a host of foreign governments and central banks. The information provided from those exchanges is critical and extremely sensitive. The immediate and broad disclosure that S. 604 would require could disrupt the financial markets, and jeopardize our country’s international finance relationships. Ultimately, it would be taxpayers who would bear the brunt of any losses resulting from policies caused by untimely disclosure of sensitive information. Because of this, I do not believe the benefits of legislation like the Federal Reserve Sunshine Act outweigh the costs.Again, thank you for contacting my office. It is truly an honor to represent North Carolina in the United States Senate, and I hope you will not hesitate to contact me in the future should you have any further questions or concerns.
Sincerely,
Kay R. Hagan
Please do not reply to this email. Instead, if you have further questions, please visit http://www.hagan.senate.gov and fill out my web form for your inquiry. Thank you.
Reply Forward
Like or Dislike:
0 
0
This is the mind set! I’d like to know if what she’s saying is indeed true.Of coarse she seems to be on board with the left wing as it is .
Like or Dislike:
0 
0
Congratulations to Dr. Paul for sponsoring legislation to Audit the Fed.After reading Dr. Paul’s book, “End the Fed” I am more convinced than ever that the Fed should not only be audited, it should be abolished.There is no provision in the Constitution for a central bank. Since the creation of the Fed in 1913 their actions have produced many economic “bubbles” and several inflationary cycles, including the one in the late 1970′s. The overall tendency of the Fed is to cause inflation due to their monetary policy.
Like or Dislike:
0 
0
What is needed to further this movement? I see that there are 307 co-sponsors in the House but no mention of how many we need. What are the FACTS here? Hoe many members of the house and senate are needed? Are we close? I have already contacted my representatives in Colorado. Is there anyone in Colorado who is not on board? Thank you.
Like or Dislike:
0 
0
Thanks to WR Carb for the “307″ update and for the great questions. All well and good to preach to the choir, but it’s important to stay focused on what it takes to make real progress here.
If a bill has 307 co-sponsors and still isn’t getting to the floor for a vote, it would seem that there isn’t any set number of co-sponsors that legally requires such a step; in all probability, many bills come up for a vote and are passed into law with far fewer co-sponsors. (I’ll stand corrected if Dr. Paul or another expert on the matter has differing info to share.) The problem here appears to be something other than a failure to attain a number required by law or even by arbitrary procedural rules; it seems to be the age-old matter of Politics As Usual…
The fact that this bill has 307 co-sponsors and is still stuck in the bureaucratic system (and apparently isn’t getting much coverage in the media) does seem to be something that should be waved in the faces of the obstructionists in Congress, and regularly brought to the attention of the media and the general public. Even people who don’t currently have a strong opinion about the Federal Reserve System should smell a rat when they are made aware of these facts…In the meantime, if the 307 count can be raised even higher, so much the better for demonstrating the widespread support for this (which obviously transcends party lines). The more we have at our disposal to publicly show up the House leaders and the media for sweeping this under the rug, the more they can lose credibility with the public, which is at least a small step in the direction of less public gullibility for the shenanigans of the manipulators.
Any other insights and practical suggestions? I hope WR has triggered some brainstorming…
Like or Dislike:
0 
0
The only reason Washington does not listen to what is going on with American’s needs and honest monetary system, is because our Washington leaders are not working for Americans, yet for the central bankers and the British high monarchs. CIA, FBI, IRS, FRB etc… are all creations of the British bankers not of U.S Constitution, after all it is the forgotten law of the land. Here is what I don’t understand, many Americans died to achieve freedom, I’m willing to give my life for freedom in this country but I’m not the kind to trash the constitution and fight in the middle east. I would fight against those traitors who are in office in W D.C trashing this beautiful country. That concept to me would be patriotism to through out those leaders who are selling this country for their personal benefits. You are not a patriot if you’re killing innocent people or getting killed in Iraq or Afghanistan or anywhere in the world for these secret societies or British monarchs, that’s foolishness, working for the wrong side.
Liberty is not a means to a higher political end. It is itself the highest political end.
Lord Acton (1834-1902)
They are using this country and its people yet people seem to be asleep. Have people really lost their patriotism or have they just turned off their sanity?
“Those of us who love peace must organize as effectively as the war hawks. As they spread the propaganda of war, we must spread the propaganda of peace.”
~ Dr. Martin Luther King Jr.
Like or Dislike:
0 
0
I would have hoped to see some response from the great State of Oregon here. I live in Multnomah County, Oregon; a haven for slackers, illegals and thieves. Our sponsoring senator is of the typical pandering type that is clearly standing in defense of the central banks. His platform was “Rob Peter to pay Paul”, when Peter outnumbers Paul we will change the process. We are as socialistic and stupid as any state can get (except for Massachusetts). We are now sinking in our own green goo and if we can’t get some relief in this election I may have to move. HELP
Like or Dislike:
0 
0
Oh but people can’t you see we need the Fed? The economy wouldnt be as strong today if it wasn’t for a central banking system owned by private sources! These are smart guys who know whats best to do ALLWAYS and we should just not ask questions and trust the good will and wisdom of the elite few……well if these guys are so smart, then how come the economy is going down?
Like or Dislike:
0 
0
Any info yet on the supposed rationale for a new “audit the Fed” bill when Ron’s original one already has 270 co-sponsors? I’m not saying that I’d take its proponents at their word if they offered such a rationale; I’d have to suspect that their real reason is that they want a watered-down version that would siphon off support for Ron’s bill and produce an “all hat, no cattle” alternative that wouldn’t bother the Feds even if it passed. But I’m curious about the new bill’s backers, and what they’re saying about it. Are they even attempting to present their bill as a better version of Ron’s, or are they essentially doing what the mainstream media and both major parties have done for years–simply treating Ron as if he doesn’t exist, even when over half of the House has co-sponsored his bill? If they do acknowledge Ron’s bill, but claim that it’s better to craft an entirely new one and try to bring it to a vote than to get behind Ron’s existing bill, it would be interesting to hear their version–if they have one–of why theirs is a better bill than his.
Ron is right, as usual–we can consider it good news that this is focusing more attention on the Fed, and the glaring contrast between their trillion-dollar decisions made and implemented in secrecy, and the lip service paid to the principle of transparency in government. I found it interesting that the Bloomberg FOIA lawsuit resulted in the Fed claiming an exemption from FOIA by denying that it is part of the government–reminiscent of the World Wrestling Federation “defending” itself in a lawsuit by finally admitting that their “wrestling” is faked. They can call themselves a government agency or not, but if they have control over a monopoly currency and can put the rest of us on the hook for trillions, there’s no excuse for the public being denied, at minimum, full information and oversight in this matter.
Thanks again to Ron Paul for all his great work.
Like or Dislike:
0 
0
Hang in their Ron Paul! It is going to be an upward struggle to pass HR1207 and the similar S604 Senate bill. Many Senators, in this newly-issued bill, are out to sabotage, waterdown or imbede HR1207 or S604. Barney Franks has said so much by wanting to include HR1207 in a comprehensive financial reform bill. You are absolutely correct to say: “Anything Less Than Full Disclosure Is Unacceptable.”
Quoting former President Andrew Jackson, “Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”
Like or Dislike:
0 
0
Amen!!! Dennis,
Your quote of President Andrew Jackson is so appropriate. I’ve read G. Edward Griffin’s book…’The Creature from Jekyll Island’, and was so educated and inspired by doing so that I did some of my own research on Jackson. That he despised central banks is to put it mildly, but his courage in taking on, not only the ‘Fed’, the central bank of his day, but its Greenspan and Bernanke (Biddle – I believe) as well, also the Congress, the Senate and the Secretary of the Treasury…ALL TOGETHER, is unsurpassed by any president in my opinion! What courage Jackson had to face them all, yet he had the wisdom and fortitude to go directly to the people (first president to do so) and tell them straight on, “Bank and no Jackson, or no bank and Jackson!” And another Jackson quote so fitting for our current economic crisis – “The bold effort the present (central) bank had made to control the government…are but preminitions of the fate that await the American people should they be deluded into a perpetuation of theis institution or the establishment of another like it.” The ‘fate’ forecast here is that of our present failed economy, caused by none other than the fraudulent banking system of the Federal Reserve cartel and monopoly.
Thanks,
Phil Manderscheid
Like or Dislike:
0 
0
With unemployment the highest its been in 26 years and our federal deficit at increasing lows there is no other alternative. Our current administration with their spending sprees must end. May God grant us victory.
Like or Dislike:
0 
0
When is the next milestone for HR1207? I would like to call my Congressman again, but at the right moment. Thanks….
Like or Dislike:
0 
0
Greetings and felicitations friends,
Bless Ron Paul and his hard work for the good of all Americans!
I think we should limit the terms of legislators, ban corporate contributions to politicians and totally outlaw the lobby people.
We could even stop holding elections for congress and draft people from the population at large, however, no lawyers should be allowed to register for the congressional draft. Just think how much money we could save without elections plus not have to watch all those political commercials on T.V., see no signs along our highways and no more of that paperwasting junk in our mailboxes.
Perhaps with some of that money we saved by not having elections or the IRS we could use it to create new factories and start building out ow “stuff” again.
I also think we should have a “flat” income tax of say 20% for corporations, companies and individuals with few if any exceptions. Perhaps people making less than 12 grand a year should be exempted. We could totally delete the IRS and CPA’s. Think about how much money that would save the nation. Retrain those folks as Border Protection and station them on the Mexican and Canadian borders.
America should stop being policeman to the world. Bring everybody home. No more foreign aid. Not just the military but the Peace Corps, ambasadors, teachers and missonaies. All that money could be put into education here at home. Close the borders for five years and let the world see how much we have done for them by cutting them off. Yes, it is called isolationism.
We could also put a bit of a tighter rein on the oil and insurance companies plus the drug manufactures. We could retrain folks at the useless Department of Energy to do this.
I have more ideas but will stop here. Those ideas are enough to rattle a few cages.
PS
Eventhough slavery was a major issue causing the Uncival War it was not the only issue in that conflict.
Peace,
Ring in Texas
Like or Dislike:
0 
0
Slavery was in full swing in America when the colonies revolted against their mother country and fought for freedom. But, the irony of the American Revolution for freedom is that the legislators who were responsible for breaking away from England by and large supported the institution of slavery.
Not all states allowed slaves. Slaves were primarily housed in the South, where they were often forced to work on plantations. Many of the slaves came from Africa on ships, where after harrowing voyages in squalid conditions, they were deposited on the shores of the southern states. Of course the ships didn’t unload in the South and return empty to Africa for a new load. They went up to Boston carrying sugar, which was turned into molasses and rum, forming a wretched cycle of molasses to rum to slaves. It was a very profitable business, so the southern growers’ and the northern shippers’ greed kept the slave trade going. People’s desire to hoard kept the foul institution alive. So much for Adam Smith’s lie that everyman’s greed leads to everyman’s good. So much for Locke’s argument that ownership of property leads to freedom.
Benjamin Franklin was an abolitionist. His total opposition to the concept is clearly demonstrated in a 1789 public address of his:
. . . Slavery is such an atrocious debasement of human nature, that its very extirpation, if not performed with solicitous care, may sometimes open a source of serious evils. . .
Not only was Franklin well placed in scientific and diplomatic circles, he was very well respected throughout America and Europe. Franklin put his heart and soul into freeing the American colonists and into dismantling the institution of slavery. But, his efforts appeared to be futile because the institution of slavery was still intact when he died.
Thomas Paine was an abolitionist. He had a mind and a pen that literally shook the world. When he was solicited by Benjamin Franklin to leave his native England and travel to America to write his vibrant and revolutionary prose, he came with a single purpose – to strike blows for liberty. Paine arrived in Philadelphia in late November of 1774, and he promptly wrote African Slavery in America, a scathing piece about inhumane treatment of Negroes. Its first line tells the story:
That some desperate wretches should be willing to steal and enslave men by violence and murder for gain, is rather lamentable than strange.
Paine also wrote Common Sense, which forcefully inspired the colonists to revolt against England and its unjust, complex laws that did little but feed lawyers and enslave and oppress people.
When the Revolution was young and the times were desperate, the colonists despaired and were ready to abort the battle for freedom. England seemed to be too great of a foe; it had too much power, too big an army, too great a navy, and it was generally believed by the colonists that the cause was lost. When things were utterly bleak, Paine again struck with his majestic pen, stirring the colonists on in the struggle while sending quakes that shook the core of the British military. On December 23, 1776, Paine wrote the first of the Crisis series. It began:
These are the times that try men’s souls: The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands it NOW, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph. What we obtain too cheap, we esteem too lightly: ‘Tis dearness only that gives every thing its value. Heaven knows how to put the proper price upon its goods; and it would be strange indeed, if so celestial an article as FREEDOM should not be highly rated. Britain, with an army to enforce her tyranny, has declared that she has a right (not only to TAX) but “to BIND us in ALL CASES WHATSOEVER,” and if being bound in that manner, is not slavery, then is there not such a thing as slavery upon earth. Even the expression is impious, for so unlimited a power can belong only to GOD.
Thomas Paine was perhaps the most inspiring writer ever to touch on the subject of liberty, and he, with this mighty pen, failed to accomplish his lifelong goal to see slavery abolished.
Thomas Jefferson was an abolitionist. This might seem strange given that he was a slave owner. He inherited his slaves and he laboured on how to free them – not just his, but all slaves. He realized that he could not just turn them loose or they would suffer an awful fate. So he strove to abolish the institution in America.
He had his first chance when he wrote the Declaration of Independence. Before Congress edited that document, it included the following clause:
He has waged cruel war against human nature itself, violating its most sacred rights of life and liberty in the persons of a distant people who never offended him, captivating and carrying them into slavery in another hemisphere, or to incur miserable death in their transportation hither. This piratical warfare, the opprobrium of INFIDEL powers, is the warfare of the CHRISTIAN king of Great Britain. Determined to keep open a market where MEN should be bought and sold, he has prostituted his negative for suppressing every legislative attempt to prohibit or to restrain this execrable commerce. And that this assemblage of horrors might want no fact of distinguished die, he is now exciting those very people to rise in arms among us, and to purchase that liberty of which he has deprived them, by murdering the people of whom he also obtruded them: thus paying off former crimes committed against LIBERTIES of one people, with crimes which he urges them to commit against the LIVES of another.
While the Congress was willing to revolt against England, it wasn’t willing to cut itself out of its property (the slaves), so the abolition clause, after bitter debate, was stricken from the Declaration of Independence.
Later, after the Revolution was won, while Jefferson was in France as the American ambassador, Franklin served on the constitutional convention, and he was unable to convince the founding fathers to rule out slavery, and in fact, Article I, Section 9 reads in part:
The Migration or Importation of such Persons as any of the States now existing shall think proper to admit, shall not be prohibited by the Congress prior to the Year 1808, but a Tax or duty may be imposed on such Importation, not exceeding ten dollars for each Person.
And, worse, Article V of the U.S. Constitution declared that this awful clause could not be amended before 1808!
The Declaration of Independence was stripped of its anti-slavery clause because of the American Founding Fathers’ love of property. By the time the Constitution was written, just 11 years later, the institution of slavery was actually enhanced as sanction of it was affirmatively inserted into the Constitution, which document is the foundation of all laws in America.
It is no wonder the country had sent Jefferson over to France when the Constitution was written. He would have screamed for revolution anew rather than be a party to the Constitution, which contained very few protections of rights for citizens and states yet laid the framework for a vast federal government. When he saw what had been proposed, he did scream so loudly about the document’s lack of a Bill of Rights that James Madison reluctantly sought to have certain rights tacked onto the Constitution two years later as amendments (or afterthoughts). It is primarily because of the Bill of Rights that the several states still retain some sovereignty and citizens still retain certain rights. (Ironically, governments in countries like Australia still deny their citizens a basic bill of rights and assert such acts are wholly unnecessary surplusage given how “fair and just” these governments are in regard to civil rights.)
Jefferson later became President and served in that office from 1801 to 1809. But even from that high office, he was impotent to abolish slavery. Of course, he was strapped by the Constitution’s vile and unalterable clause in Article I, Section 9.
Finally, in 1861, Abraham Lincoln became the President. In order to shatter the institution of slavery, Lincoln had to abandon certain principles of the Constitution during a congressional recess; he took the opportunity during a short window to commence the War Between the States, which literally ripped the nation asunder in a bloody and hard-fought war. In the aftermath, the slaves were freed, and the thirteenth amendment followed, making it illegal to own human slaves in America.
Like or Dislike:
0 
0
What does any of this propaganda have to do with the FRB?
Like or Dislike:
0 
0
Learn some history
http://www.lewrockwell.com/orig2/w-williams1.html
“Stripped of all its covering, the naked question is, whether ours is a federal or consolidated government; a constitutional or absolute one; a government resting solidly on the basis of the sovereignty of the States, or on the unrestrained will of a majority; a form of government, as in all other unlimited ones, in which injustice, violence, and force must ultimately prevail.”
- Senator John C. Calhoun
Like or Dislike:
0 
0
Ron Paul stay strong!!
I would like to discuss some of the concept of “everyone’s greed leads to everyone’s good” and “Lincoln was a socialist and anti-freedom, the southern slaveowners were freedom-lovers”.
Unfortunately, many self-acclaimed liberty lovers seem to proudly embrace these concepts.
Maybe this discussion can help just see one person see the Light, for a True Love of Liberty for everyone who is deserving of it, because he or she respects the Liberties of others also.
I would also like to mention that Ron Paul doesn’t talk of the love of property, he doesn’t talk about everyone’s greed leading to everyone’s good, he talks about the right to keep the fruit of your labours. A concept I fully endorse! Ron Paul also talks about that the most important thing for him is liberty, not prosperity, but that these concepts usually go Hand in Hand. I also agree with him on that. I think Ron Paul like all liberty lovers have a problem with central government, which Lincoln seemed to endorse. However, Lincoln was assassinated right after the civil war, nobody could ever see what his policy would have been in peace times. To me, the blame for all this central government evil rests clearly on the South, it was their love of Slavery which brought us the Civil War, and hence, a centralized federal government. Which was very unfortunate, because the South was great and freedom-loving, EXCEPT for the desire to enslave others.
Like or Dislike:
0 
0