Comments on: 79% of Americans Now Favor Auditing The Federal Reserve http://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/ Ron Paul is America's leading voice for limited, constitutional government, low taxes, free markets, sound money, and a pro-American foreign policy. Fri, 10 Feb 2012 02:40:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Willhttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-56467 Will Fri, 18 Dec 2009 05:23:09 +0000 http://www.ronpaul.com/?p=4489#comment-56467 Nancy, Do YOU know what the (private) Federal Reserve's mission is? It is to maximize its own profits, just as every other private bank does. Remember, the Federal Reserve is about as "Federal" as Federal Express. It is a privately-owned central bank sanctioned by the Federal Reserve Act. Where is this deflation you talk about??? Prices are rising here, and abroad our dollar isn't worth squat! The Fed's policies are inherently inflationary and have been since day one of its existence. We allow this private bank to issue our currency, and every single dollar they print has interest attached to it...interest paid to private bankers before that dollar even hits your hand. You need to wake up... Nancy,
Do YOU know what the (private) Federal Reserve’s mission is? It is to maximize its own profits, just as every other private bank does. Remember, the Federal Reserve is about as “Federal” as Federal Express. It is a privately-owned central bank sanctioned by the Federal Reserve Act.
Where is this deflation you talk about??? Prices are rising here, and abroad our dollar isn’t worth squat! The Fed’s policies are inherently inflationary and have been since day one of its existence. We allow this private bank to issue our currency, and every single dollar they print has interest attached to it…interest paid to private bankers before that dollar even hits your hand.
You need to wake up…

Like or Dislike: Thumb up 0 Thumb down 0

]]> By: longshotlouiehttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55473 longshotlouie Fri, 11 Dec 2009 05:43:58 +0000 http://www.ronpaul.com/?p=4489#comment-55473 Emergency Jobless Insurance Claims Surge By Most Ever In Prior Weekhttp://www.zerohedge.com/article/emergency-jobless-claims-surge-most-ever-prior-week Emergency Jobless Insurance Claims Surge By Most Ever In Prior Week

http://www.zerohedge.com/article/emergency-jobless-claims-surge-most-ever-prior-week

Like or Dislike: Thumb up 0 Thumb down 0

]]> By: TAKEactionhttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55401 TAKEaction Thu, 10 Dec 2009 23:04:19 +0000 http://www.ronpaul.com/?p=4489#comment-55401 EVERYONE of you that is reading this must write to at least one senator and DEMAND we get rid of the Fed. It is NOT too late. Take action because what YOU DO does matter. David beat goliath and WE CAN TOO ... as long as we are not apathetic! Look up any senator online and you can write to the, JUST DO IT ... NOW! EVERYONE of you that is reading this must write to at least one senator and DEMAND we get rid of the Fed. It is NOT too late. Take action because what YOU DO does matter. David beat goliath and WE CAN TOO … as long as we are not apathetic! Look up any senator online and you can write to the, JUST DO IT … NOW!

Like or Dislike: Thumb up 0 Thumb down 0

]]> By: NoAnimosityRequiredhttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55296 NoAnimosityRequired Thu, 10 Dec 2009 09:38:29 +0000 http://www.ronpaul.com/?p=4489#comment-55296 The Fed's record speaks for itself loud and clear.http://www.apfn.org/apfn/reserve.htmNo animosity required any longer......they failed.What does the American people do with failure...<b>THEY GET RID OF IT</b> The Fed’s record speaks for itself loud and clear.

http://www.apfn.org/apfn/reserve.htm

No animosity required any longer……they failed.

What does the American people do with failure…

THEY GET RID OF IT

Like or Dislike: Thumb up 0 Thumb down 0

]]> By: longshotlouiehttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55273 longshotlouie Thu, 10 Dec 2009 06:18:01 +0000 http://www.ronpaul.com/?p=4489#comment-55273 Mz Nancy,Are you aware that if we determined the CPI using the same method used before it was changed during the Clinton administration then the index would be around +3.20?You are correct in pointing out that inflation is down since a high of 9.0% (pre-Clinton method) about 18 months ago. The CPI bottomed out at 1.2% (pre-Clinton method) about August this year and has risen steadily since to it's current level of 3.20%.Highs at 9% and lows at near 1% in an 18 month period is not stability. And the deflation you speak of is only relevant to discretionary products. Products of necessity such as food and fuel are continuing to rise at an alarming rate which effects most of us but more so those with limited resources. Folks that are fighting to keep gas in the tank and food on the table don't give a fuzzy rats ass about deflation in the electronics aisle or how much a trip to Hawaii has gone down.Speaking of the pre-Clinton method, the unemployment rate stands at 21.9% using the old formula.The Fed is most certainly responsible. Serious people do not dispute their responsibility for the economic crisis. There was an enormous housing bubble that was easy for competent economists to recognize. It was inevitable that it would collapse and that its collapse would lead to a serious downturn. Bernanke and the Fed allowed the bubble to just continue to expand until it collapsed of its own weight instead of using the powers of the Fed to rein it in before it grew to dangerous levels. All of this is entirely clear to those who know the history, even if the facts may be confused in the minds of the Fed's cheerleaders.The only way to get away with a pathetic job performance like that is to work for the government."Whoever controls the volume of money in any country is absolute master of all industry and commerce." -- James A. Garfield, President of the United StatesThe system of fractional-reserve banking and fiat money has been a complete disaster. Face it, the gig is up. Mz Nancy,

Are you aware that if we determined the CPI using the same method used before it was changed during the Clinton administration then the index would be around +3.20?

You are correct in pointing out that inflation is down since a high of 9.0% (pre-Clinton method) about 18 months ago. The CPI bottomed out at 1.2% (pre-Clinton method) about August this year and has risen steadily since to it’s current level of 3.20%.

Highs at 9% and lows at near 1% in an 18 month period is not stability. And the deflation you speak of is only relevant to discretionary products. Products of necessity such as food and fuel are continuing to rise at an alarming rate which effects most of us but more so those with limited resources. Folks that are fighting to keep gas in the tank and food on the table don’t give a fuzzy rats ass about deflation in the electronics aisle or how much a trip to Hawaii has gone down.

Speaking of the pre-Clinton method, the unemployment rate stands at 21.9% using the old formula.

The Fed is most certainly responsible. Serious people do not dispute their responsibility for the economic crisis. There was an enormous housing bubble that was easy for competent economists to recognize. It was inevitable that it would collapse and that its collapse would lead to a serious downturn. Bernanke and the Fed allowed the bubble to just continue to expand until it collapsed of its own weight instead of using the powers of the Fed to rein it in before it grew to dangerous levels. All of this is entirely clear to those who know the history, even if the facts may be confused in the minds of the Fed’s cheerleaders.

The only way to get away with a pathetic job performance like that is to work for the government.

“Whoever controls the volume of money in any country is absolute master of all industry and commerce.”
– James A. Garfield,
President of the United States

The system of fractional-reserve banking and fiat money has been a complete disaster. Face it, the gig is up.

Like or Dislike: Thumb up 0 Thumb down 0

]]> By: Lindseyhttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55217 Lindsey Wed, 09 Dec 2009 23:47:55 +0000 http://www.ronpaul.com/?p=4489#comment-55217 Nancy: Most people on this site want the Fed. audited because they simply don't trust their elitist attitude with our national currency. If they are doing nothing wrong then the audit will show it. However, the facts are that the dollar is worth 4% of what it was when the Fed was created. Their record on maintaining price stability is therefor pretty bad. Employment levels will remain high until we as a country realize where our wealth really comes from and developing that wealth. Tinkering with lending rates to banks does nothing to increase national wealth and increase employment levels. Nancy: Most people on this site want the Fed. audited because they simply don’t trust their elitist attitude with our national currency. If they are doing nothing wrong then the audit will show it. However, the facts are that the dollar is worth 4% of what it was when the Fed was created. Their record on maintaining price stability is therefor pretty bad. Employment levels will remain high until we as a country realize where our wealth really comes from and developing that wealth. Tinkering with lending rates to banks does nothing to increase national wealth and increase employment levels.

Like or Dislike: Thumb up 0 Thumb down 0

]]> By: Nate Yhttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55215 Nate Y Wed, 09 Dec 2009 23:32:52 +0000 http://www.ronpaul.com/?p=4489#comment-55215 The Federal Reserve has completely failed. But this shouldn't shock us. They attempt to do the impossible. The Federal Reserve has completely failed. But this shouldn’t shock us. They attempt to do the impossible.

Like or Dislike: Thumb up 0 Thumb down 0

]]> By: Nancyhttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55190 Nancy Wed, 09 Dec 2009 21:16:56 +0000 http://www.ronpaul.com/?p=4489#comment-55190 Mr. longshotlouie,Are you aware of what the Federal Reserve's mission is? To keep employment levels high, and maintain price stability. The Fed has certainly maintained price stability in the current crisis, and in fact we have seen deflation in recent months.I make no argument regarding unemployment, no one can deny that we are facing exceptionally high levels of unemployment, but the Fed is not to blame for this. It has transformed its monetary policy to be as accommodative as it can to the slumping economy, but unfortunately the Federal Reserve cannot force businesses to hire, and it should not be blamed for it. Mr. longshotlouie,

Are you aware of what the Federal Reserve’s mission is? To keep employment levels high, and maintain price stability. The Fed has certainly maintained price stability in the current crisis, and in fact we have seen deflation in recent months.

I make no argument regarding unemployment, no one can deny that we are facing exceptionally high levels of unemployment, but the Fed is not to blame for this. It has transformed its monetary policy to be as accommodative as it can to the slumping economy, but unfortunately the Federal Reserve cannot force businesses to hire, and it should not be blamed for it.

Like or Dislike: Thumb up 0 Thumb down 1

]]> By: longshotlouiehttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55153 longshotlouie Wed, 09 Dec 2009 16:52:26 +0000 http://www.ronpaul.com/?p=4489#comment-55153 The animosity is about the Federal Reserve having failed in all points of it's mission statement.Why should we prop up another failed system? The animosity is about the Federal Reserve having failed in all points of it’s mission statement.

Why should we prop up another failed system?

Like or Dislike: Thumb up 0 Thumb down 0

]]> By: Nancyhttp://www.ronpaul.com/2009-12-05/79-of-americans-now-favor-auditing-the-federal-reserve/comment-page-1/#comment-55147 Nancy Wed, 09 Dec 2009 16:12:43 +0000 http://www.ronpaul.com/?p=4489#comment-55147 Sadly, Rep. Paul, I must actively disagree with you and your supports that we need to not only audit the Federal Reserve but eventually end it. I believe much of the animosity currently directed toward the Federal Reserve stems from most Americans ignorance of the role the Federal Reserve actually plays in the American economy, not the role people believe it plays. It is this problem that needs to be rectified, not ending the Federal Reserve. Sadly, Rep. Paul, I must actively disagree with you and your supports that we need to not only audit the Federal Reserve but eventually end it. I believe much of the animosity currently directed toward the Federal Reserve stems from most Americans ignorance of the role the Federal Reserve actually plays in the American economy, not the role people believe it plays. It is this problem that needs to be rectified, not ending the Federal Reserve.

Like or Dislike: Thumb up 0 Thumb down 0

]]>