More Power for the Fed
by Ron Paul
Last week I was pleased to see my Republican colleagues take up the cause to fully and completely audit the Federal Reserve by including my language from the Federal Reserve Transparency Act in a Motion to Recommit the financial regulation reform bill. Although this effort was defeated by the Democrat majority, there were many good reasons to support it.
The Federal Reserve Transparency Act would eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to Congressional oversight. Additionally, audits could include discount window operations, open market operations, and agreements with foreign central banks, such as the ongoing dollar swap operations with European central banks.
Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight, while Congress has kept its hands off and its eyes closed. The Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy. The Federal Reserve Transparency Act would achieve much-needed transparency of the Federal Reserve System.
However, House and Senate negotiators failed to include the full language of my legislation in the conference report for the financial reform bill, and the full Congress missed yet another opportunity to demand accountability from the Federal Reserve by defeating the Republicans’ motion to recommit. Over 320 members of Congress from both parties cosponsored my original bill, which was incorporated into that motion to recommit. Almost 200 members of Congress who care about Federal Reserve transparency voted for this motion to recommit. Unfortunately, they found themselves in the minority.
Any legitimate objections to the audit proposal were addressed in the language of the motion to recommit. Thus, it is clear that the real reasons for opposing it are unstated and indefensible. The real reasons are that politicians like to spend money far exceeding income and it is convenient to have an enabler of this in the Federal Reserve. The easier it is for the Fed to create money, hidden from public view and accountability, the easier it is for politicians to spend that money and make sure their friends and interests are taken care of through shady political processes.
The broader reasons for supporting this entire financial regulatory reform bill are just as sinister. This is not about cracking down on big banks as some claim. Rather, this is about not wasting a crisis. This is about using a traumatic event to increase government power and control over the economy. If it was really about addressing the causes of this recession, Fannie Mae and Freddie Mac would have been dealt with, or abolished. Failed companies would just fail, rather than being bailed out. Instead, a permanent bailout mechanism is being established. The Fed, and its ability to control interest rates and create cheap money, would be reformed or better yet, abolished. But instead its power is being increased and this Congress refuses to even fully audit it!
So yet again in the midst of a crisis, government insists on acting, and in ways far outside the scope of the Constitution, hoping that the crisis gives them cover. The truth is that in crises is when we need Constitutional limitations the most.
Processing your request, Please wait....
great talent .. very entertaining .. thanks
Like or Dislike:
0 
0
Respond to this video…
Like or Dislike:
0 
0
Dr Paul is being generous with his analysis of the FED…. its much worse than you can even imagine.
Recent event of Greece are just the “tip of the iceberg” and this disease of Fractional Reserve Banking that permits big government manipulations of astronomical proportions is practiced by ALL of the G20 countries.
Very Soon this global massive house of cards will collapse and no amount of Stimulus spending or Bank Bailouts are going to make a tinkers difference.
Defend yourselves and divest of as many Federal Reserve Notes as you can, replace them with silver or gold ounces, anything but counterfeit paper FRNs.
The US government has betrayed a sacred trust and is defrauding We the People of whom it is entrusted to serve.
Like or Dislike:
1 
1
Spoken like a true Paulbot.
Like or Dislike:
0 
1
Bull Shit, I’ve researched what Ron Paul says and have yet to catch him in a lie. I am the “eternal pessimist” and don’t take anyone or anything for granted or at their word.
Like or Dislike:
0 
0
I’ve seen your videos…they’re great, adds a little humor to the problems we face.
Like or Dislike:
0 
0
Ron Paul 2012!!
[read Peter Schiff's books to fully understand the lunacy of the fed!]
Like or Dislike:
0 
0
I am illustrating these RP audio broadcasts with my video archive. Come to my channel to see the “video versions” of his broadcasts, but bear in mind I’m just doing this on my own.
Like or Dislike:
0 
0
all people on earth need revolutions !!!! for freedom ! for child ! for man ! for natural food ! for god ! for gods law ! for TRUE !
Like or Dislike:
0 
0
I disagree. There is always an exception to every rule. Moreover, it’s taken more than three decades for Ron Paul to get his message out, and the man makes sense. The system on the other hand is nonsense. AND evil. And it doesn’t take three decades for those in the system to get their message out. It takes minutes. Seconds actually.
Like or Dislike:
0 
0
I disagree. There is always an exception to every rule. Moreover, it’s taken more than three decades for Ron Paul to get his message out, and the man makes sense. The system on the other hand is nonsense. AND evil. And it doesn’t take three decades for those in the system to get their message out. It takes minutes. Seconds actually.
Like or Dislike:
0 
0
We seem to be stuck in a Republicrat hamster wheel. Both party’s fear the Tea party because they know what it represents. It frightens them! So naturally they going to demonize them as racist, or this or that. Nothing is further from the truth! Tea party folks are concerned citizens who are unhappy at the direction this country is headed. The more I listen to the Libertarian party platform. The more it appeals to me. Do America and yourself a favor…vote (“Constitutional Republicans”)
Like or Dislike:
0 
0
We seem to be stuck in a Republicrat hamster wheel. Both party’s fear the Tea party because they know what it represents. It frightens them! So naturally they going to demonize them as racist, or this or that. Nothing is further from the truth! Tea party folks are concerned citizens who are unhappy at the direction this country is headed. The more I listen to the Libertarian party platform. The more it appeals to me. Do America and yourself a favor…vote (“Constitutional Republicans”)
Like or Dislike:
3 
0
Actually, only the Republican party and their recent track record, along with the splintering of their white, affluent, Republican power base is afraid. The Tea Party has always been just a Republican party in sheep’s clothing.
Disagree? 95% have said they are Republican or Independent. A mere 5% say they are a Democrat.
http://www.nytimes.com/interactive/2010/04/14/us/politics/20100414-tea-party-poll-graphic.html#tab=9
Democrats are just waiting and watching the Palin/Angle/Rand Paul/Bachmann/Ron Paul train wreck with utter glee and just HOPING they keep opening their trap – which clearly they are learning given the lack of ‘Q&A’ that is allowed now.
What? Chickens for Checkups! Sure!
Underground Fences! You Betcha!
Apologize to BP? Amen!
Legalize discrimination? GREAT IDEA!
Board-certify yourself? Fair!
No same-sex marriage? Amen!
No my friend, it is not Democrats that are afraid, given a mid-term election where Democrats swept into office during a horrible economic climate, the Tea Party is the best thing that could have happened.
Like or Dislike:
0 
4
Sara Palin has nothing to do with the original tea party movement and everyone knows that except for some of the dems who still get their info from the tv instead of the internet. Soon listening to Fox or CNN will be akin to carrying around 8 track tapes.
It so happens that while most democrats and liberals that I know do in fact loathe Sara Palin and what they perceive to be the tea party movement; they love, and I mean really love Ron Paul.
Like or Dislike:
1 
0
governments don’t want to help you. I’m beginning to realize this more and more.
Like or Dislike:
1 
0
ron paul/peter schiff 2012
Like or Dislike:
0 
0
No you wouldn’t love to believe there is a good guy that we can vote for punisher because you already have your mind made up that such a man is an impossibility and you said it yourself and I quote:
“you don’t get to such positions without doing SOMETHING evil.”
It sounds like you got your mind made up and not even Ron Paul would bother confusing you with the facts. Take Ron Paul with grain of salt? His actions ARE what back up his words. You are wrong about Ron Paul
Like or Dislike:
0 
0
No you wouldn’t love to believe there is a good guy that we can vote for punisher because you already have your mind made up that such a man is an impossibility and you said it yourself and I quote:
“you don’t get to such positions without doing SOMETHING evil.”
It sounds like you got your mind made up and not even Ron Paul would bother confusing you with the facts. Take Ron Paul with grain of salt? His actions ARE what back up his words. You are wrong about Ron Paul
Like or Dislike:
0 
0
Ron you are always on the side of freedom!! God Bless You.
Like or Dislike:
2 
0
Take everything he says and does with a pinch of salt.
I would love to believe that there is a good guy that we can vote for but it’s all a giant scam.
Also, you don’t get to such positions without doing SOMETHING evil.
Like or Dislike:
0 
0
Where’s your proof?
Like or Dislike:
0 
0
Where’s your proof?
Like or Dislike:
0 
0
That’s funny because this is what he said” “Madame Speaker, I regret that I was unavoidably out of town on October 23, 2007, when a vote was taken on HR 1955, the Violent Radicalization & Homegrown Terrorism Prevention Act. Had I been able to vote, I would have voted against this misguided and dangerous piece of legislation. This legislation focuses the weight of the US government inward toward its own citizens under the guise of protecting us against “violent radicalization.”
Like or Dislike:
0 
0
That’s funny because this is what he said” “Madame Speaker, I regret that I was unavoidably out of town on October 23, 2007, when a vote was taken on HR 1955, the Violent Radicalization & Homegrown Terrorism Prevention Act. Had I been able to vote, I would have voted against this misguided and dangerous piece of legislation. This legislation focuses the weight of the US government inward toward its own citizens under the guise of protecting us against “violent radicalization.”
Like or Dislike:
0 
0
Letters of Marque and Reprisal is the constitutional remedy when a precise declaration of war is impossible due to the vagueness of the enemy. It narrowly targets a “specific” enemy and his associates using non-government armed forces and it creates an incentive for people to capture and turn them over to the U.S… Study your constitution and history.
What should concern you is that Obama believes he has the authority to assassinate Americans without due process.
Like or Dislike:
0 
0
Letters of Marque and Reprisal is the constitutional remedy when a precise declaration of war is impossible due to the vagueness of the enemy. It narrowly targets a “specific” enemy and his associates using non-government armed forces and it creates an incentive for people to capture and turn them over to the U.S… Study your constitution and history.
What should concern you is that Obama believes he has the authority to assassinate Americans without due process.
Like or Dislike:
0 
0
Can you imagine how great this Nation would be if all of our Representatives were as honest and patriotic as Ron Paul? So sad for this Nation that our leaders have sold us out for their own purposes. Ron Paul can’t do it alone people. We need to stand by him and make our voices heard.
Like or Dislike:
1 
0
DON’T TRUST RON PAUL.
He came up with the “Marque and Reprisal Act 2001.”
Google it.
It enabled the mercenaries like Blackwater and Xi.
“…Private U.S. citizens would then be able to hunt down, attack and collect assets from terrorists who have or are planning to commit hostile acts against the U.S. and its citizens.”
Terrorist has NOT been defined. It can be anyone the government deems a threat.
Like or Dislike:
0 
0
i wholeheartedly agree with your quotes – they are great reminders of reality and that what we are living through today is not new (viper bankers) but i can’t believe that you could resort to dissing Israel – evil individuals do control the money in the us of a, but it’s too easy to whitewash a whole group. a cop – out really when you could try harder rather than simply demonising a whole group!
Like or Dislike:
0 
0
This is a real american, dont always agree but agree that he should be President. Now,how to get this man into office before our country tanks
Like or Dislike:
0 
0
This is a real american, dont always agree but agree that he should be President. Now,how to get this man into office before our country tanks
Like or Dislike:
0 
0
This is a real american, dont always agree but agree that he should be President. Now,how to get this man into office before our country tanks
Like or Dislike:
0 
0
I want it noted that Rep. Walz, Oberstar, Ellison, and Paulson om MN co-sponsored and then renigged!!!
Like or Dislike:
0 
0
Ron Paul BABY!!! 2012!!!
Like or Dislike:
0 
0
Wow. 435 Videos of Ron Paul were posted Today on Youtube. He has more TOTAL Videos on Youtube than The President! We Are Here. This is the Time. The Internet is Operated by THE PEOPLE. You need very little money to access this place. You know what that means!?!? We Will Elect A PRESIDENT with Very Little Money…..
I’m Ready.
Like or Dislike:
1 
0
The only reason Ron Paul is doing the partisan BS is because he wants full Republican support when he runs in 2012. Support him in this endeavour.
Like or Dislike:
2 
0
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning”.
-Henry Ford
Like or Dislike:
0 
0
“You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out.” (bankers)
-Andrew Jackson
Like or Dislike:
1 
0
“The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution. I am an enemy to all banks, discounting bills or notes for anything but coin.”
-TJ
Like or Dislike:
1 
0
“If the American people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.”
Like or Dislike:
0 
0
The fed is a blood sucking beast in disguise. Zionist Jews control the money in our country. End of story. The plan is to have main banks all over the world with a universal currency. It all began in 1913 on jekyll island. Andrew Jackson tried to fight them.
Like or Dislike:
0 
0
Ron Paul …my president! Check out the “Ron Paul” of Arizona, Brian Miller!
Like or Dislike:
0 
0
You Speak the voice of truth and good sense
Like or Dislike:
0 
0
This is such partisan Republican-line bullshit. I thought Ron Paul was better than this. A motion to recommit would have sent the reform bill back to committee and would not have guaranteed Paul’s audit language would be included. The special interests already run these committee hearings. We need to change the system with real campaign finance reform, not obstructionism. And in the mean time, Americans need SOMETHING to get done. It won’t be perfect, but obstructionism is not the answer.
Like or Dislike:
0 
1
NULLIFY
Bank Currency
BY NOT USING IT
Switch to Labor Tokens
Thats the IDEA IM Proposing!!
Like or Dislike:
0 
0
As long as we’re forced to be responsible for Government debt (and the FED continues to supply endless mountains of “money” to fund that debt) the only activities our Government will be engaged in will be to create reasons to spend.
Default and end the FED.
Like or Dislike:
0 
0
Dr. Paul, the damn congressman are still so absorbed by an illusion of DEMOCRAT REPUBLICAN separation! They just don’t see that this is a NONPARTISAN ISSUE! They’re fools! They’re only dooming their own political futures. We’ll vote them out, sir.
Like or Dislike:
2 
0
What ARE we to DO? We’ve repeatedly told them we WANT the FULL audit, we’ve written, called faxed etc to say so. I cannot understand our voices being ignored. What are we going to do?
Like or Dislike:
1 
0