Audit the Fed: Anything Less Than Full Disclosure Is Unacceptable!
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.
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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.
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Dr. Paul really is the conscience of the united states
and plz be safe!
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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?
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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.
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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
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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 .
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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
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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.
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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 .
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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
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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.
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Excuseme,
Properties that natural reasoning can resolve, but somehow is ignored because reasoning, for some unusual circumstance, is now NOT accessible to us.
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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
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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.
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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.
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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.
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