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Ron And Rand Paul Tag Team Against Janet Yellen
While no longer actively engaged in politcs, one of Ron Paul's crowning achievements while in Congress, was to bring some much needed sunlight to the balance sheet, the activities, and secret bailouts of the Fed, and according to some, was being responsible for the "transaprency, openness, and forward guidance" approach to monetary policy. The paradox here, as the whole Taper - Non Taper shocking episode provied, is that the Fed itself is now caught in a reflexive Catch 22, and no longer can "renormalize" and extricate itself from its policy through "guidance" without in the process destroying everything it has achieved during the prior period of central planniing.
Still, despite Ron Paul's unsung accomplishments there is much more to be done to expose just how actively the NY Fed's trading desk participates in the fixing of the S&P500's closing price day after day. For that, he will need the help of his son, Rand. Which is why as the Sunshine State News reports, "Sen. Rand Paul, R-Ky., is ramping up his opposition to President Barack Obama’s nomination of Janet Yellen to chair the Federal Reserve. Paul is teaming up with the Campaign for Liberty, chaired by his father former U.S. Rep. Ron Paul, R-Texas, to stand in opposition to Yellen and push legislation taking aim at the Fed."
On Thursday, the Campaign for Liberty announced a video on the subject featuring Sen. Paul and John Tate, the president of the group.
“The Senate fight over Barack Obama's Fed chair nominee is just around the corner,” Norm Singleton, the vice president of policy for the Campaign for Liberty, wrote supporters on Thursday. “And Senator Rand Paul has vowed to block the nomination until Harry Reid brings ‘Audit the Fed’ to the floor for a vote. This will be the fight of our lives -- but this is our moment!
Will Paul and Paul succeed in getting some traction in the Democrat governed senate: the same Democrats who loathed the Fed when it was only in the news over how many trillions in bank bailouts it provided, but love it now that it is best known for monetizing the US deficit and funding various insolvent welfare programs? We doubt it, but we wish the luck.
Sadly, it is now far too late to change strategy and direction, and/or focus on anything besides salvage. Which is why it is perhaps best if Yellen et al are allowed unobstructed access to everything they want to engage in: print $100 billion a month? Fine, do it. Print $1 trillion? $1 quadrillion? Go for it!
If anything, encouraging America's monetary politburo to hit their Weimar endgoal, is now in everyone's best interest. Frankly, the reset can't come fast enough.
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Hugo Peterssen Supports Ron Paul Team from Spain.
Pauls should relax and let the nature take its course
To be honest, I think yellens term could be a surprise so I agree with deutsche bank, el Erian etc that the tightening will occur next year faster than most expect
Either she will start it next summer or the markets will force her
dimon warned you el Erian did
By my estimates
Paul has a good chance winning in 2016
LOL, tightening?
Riiiiiiiiiiiiight
"Ron And Rand Paul Tag Team Against Janet Yellen"
Thanks for the visual. Yeech.....
+1 > /dev/null with that visual.
There already was an Audit the Fed bill, HR 1207. At the 11th hour it was gutted with Dr. Paul's approval after all the C4L suckers opened up their wallets. Can't believe so-called awoken folks still fall for this malarky. The Pauls are masons. Yes they like gold, and they want more of it. Controlled opposition playing the part of vampire slayer, with BernanQE and Old Yellen playing the part of blood suckers. *Applause*
I just donated $25 bucks. Stop posting comments, and start posting how much YOU gave.
http://www.chooseliberty.org/fedchairfight.aspx?pid=1024
Thousands of posters come here every day to bitch about the Fed, and on the days when opportunities come to fire a shot at them, they shoot the messenger. You don't have to like the Pauls. You have to hate the Fed.
How much have you given to End the Fed?
But if I like Ron Paul why would I like his fake libertarian son Rand?
Laurel and Hardy can't do jack.
If I take $25 and flush it down the toilet, does that count? (Take THAT you dirty rotten Fed!) As far as I can tell, that would be just as effective a step towards liberty as giving $25 to C4L. I dropped a lot of $ on Ron Paul's 2012 campaign, but there at least I could see that he was effectively spreading the message (even if the effort was ultimately doomed in actual election terms because the majority of Americans are immune to reason and have been indoctrinated to dispise any type of sensible morality, and the bad guys are willing to play dirty politics to win). I can't really see what C4L has been doing other then sending out emails that read like some kind of scam (including the use of tracking links in ALL of the URLs they provide -- why do they think liberty-minded people would take kindly to that?) and which always ask for money, and doing some petitions that cost C4L nothing and that politicians will simply ignore. (Is there any evidence that politicians have been influenced by any of these petitions?)
Corruption seems to be the nature of the system. Even if you could end the fed (unlikely 'till the whole thing breaks down on its own), they would just replace it with something just as bad or worse.
[This is just depressing. It's a complete lack of hope -- with no hope a donation is actually going to do any good, why donate? So in addition to being hopeless, you can also feel stupid for pissing your money away and lining someone's undeserving pocket?]
On youporn under the mature category.
Please don't block this bitch, let her in with open arms. I want to see how this fucker plays out.
What's that? Tightening? Don't talk about tightening! Tightening? You kidding me? Tightening?
For reference: http://www.youtube.com/watch?v=U7fjDS0jKiE
Time will tell... She may very well print to oblivion the result just will be the opposite Its just more likely that something opposite of what everyone expects from her will happen next summer or she will just disappear off the scene, won't get confirmed(unlikely) or just wont last there Japan can blow up or china can make sudden moves Plus we are having a war starting next fall Anything can happen so the Paul's are irrelevant really She may give 100b/mo at first which only last short term It's just appears to be the scenario and another whale is in making Don't get mad with what is already programmed
Looks like Obama's social media response team has found Zerohedge.....
LOL.
No way in hell she initiates that on her watch with an election next year. The "markets" are a seperate discussion.
Denninger underlines the difficulty to make change...
paraphrasing...
Why "Political Activism" is Dead in the USSA friends
Simple mathematics
..."There were 108,592,000 people in the United States in the fourth quarter of 2011 who were recipients of one or more means-tested government benefit programs....plus 21,880,000 Govt. employees.
...Leaving 79,836,000 left working in the Private Sector.
There is No possible way for Political Change in the USSA.
The 130,472,000 Majority will never vote to either to end their own Freebie Govt Handouts, nor agree to fire themselves from their Govt Jobs.
The American Empire is doomed...Protect Yourselves accordingly.
http://market-ticker.org/akcs-www?post=225405
.
Dave Kotok has produced one of the most self-serving responses to Paul's announcement that I've ever seen:
http://finance.yahoo.com/blogs/daily-ticker/rand-paul-threat-block-yelle...
My God, we can't kill the bartender! Who would dream of such idiocy!
Nothing like a money manager who benefits DIRECTLY from massive financial inflation couching his objections in patriotism.
Makes me want to puke.
Any chance? Hope they can do it.... and rock the shit out the Fed Reserve.
Audit German Banks , specially Landesbanks
Maybe the Pauls should spend more time hunkering down and buying real assets and less time trying to stop the Great Reset. . .
Something tells me they have more real assets put away than all of us combined.
The Great Reset is a force unto itself, immutable and unalterable. All you can do is get the f--- out of the way.
Nothing says that they cannot fight the hydra, while preparing for the eventual downfall of the Keynesian nightmare at the same time. I applaud this move by the Pauls just as I applauded the shutdown.
"If anything, encouraging America's monetary politburo to hit their Weimar endgoal, is now in everyone's best interest. Frankly, the reset can't come fast enough."
My thoughts exactly.
I respect the sentiments of the Paul's and what they are trying to do - but it is too late.
Rand Paul is all talk. Ron should take his ass out to the woodshed..........
Rand Paul wears a smelly rug.
They're both all talk. What has either of them actually accomplished that even remotely changed anything? Ron Paul was the Chairman of The Domestic Monetary Policy Subcommittee from 2010 onward, responsible for oversight of the Fed, and what the hell did he ever accomplish of any significance in that position?
trying to wake the ignorant up is what he has, is and will always do....
Even if they accomplish nothing it will be warm, fuzzy theater watching them try.
Do or do not, there is no "try." Sorry, experienced a nerd attack.
"That...is why you fail."
"trying to wake the ignorant up is what he has, is and will always do...."
Hopeless f'ing cause... The complexities of the scam are beyond most, too involved for the rest to take the time to understand, and all very well camouflaged behind a multi-billion dollar status quo perpetuation propaganda machine that the Pauls don't penetrate to any significant extent. The only thing that will bring real change is total collapse and, at that point considering human nature and ignorance, "the change" may be like the change in 1930s Germany.
Hurricane Rand is going to f*ck up years of good work given at great sacrifice by his father.
The height of disrespect. This apple didn't even fall in the orchard.
It's not too late, as this action is not an end but a means. It's one of many means to make as much noise as possible to wake up the sheople to the injustice of letting a private for profit banking cartel control the people's money, with the end goal of the people taking back said control and never letting such an atrocity happen again.
The path was chosen wit the end of Glass Steigal.
We are already within the event horizon now.
Nothing can, or will ,stop whats about to happen.
Way too late.
Agreed. Way too late to save the current system. Not too late to educate the sheople on where to place the blame, so that the sheople don't end up adopting some non-sovereign SDR system that's supposedly backed by gold. Or any other bogus NWO type currency.
The sheople need to understand it's in their right, as owners of the sovereign, to empower the sovereign to issue debt free money.
And reject anything else coming their way.
Exactly. We either eat this sh!t sandwich our parents made or feed it to our own children.
Sign me up. Strong Dollar, Cheap Energy, Prosperous America
Fed has been in business 100 years .. imagine 100 more ...
I don't trust Rand Paul. He is not his father.
Maybe Ron should do an intervention...
I am warm to your comment, but short of the Pauls, who else can we count on to illustrate the magnitude of the problem? This .gov is of only one mind -- that printing is the answer to every question -- we need a better answer than that.
I agree, Rand doesn't appear to be a straight up, say it as you see type of guy like his father.
Rand is more of a politics background game player.
http://www.liveleak.com/view?i=abd_1380856025
Yeah...I could see statist asshat Harry Reid letting that up for a vote...
/
As Boris would say... Reset!
I say let Yellen have the reigns and let her pcreate all the digital credits she wants. I don't know about everybody else, but I'm all for speeding up the inevitable.
Let nature take it's course.
The dark, bleak world from Internet-Silence will destroy the needed comedy relief.
Yeah, there is no going back any more so we must go "FORWARD!"TM
As tempting as that is, I'd like to leave that one as a last resort. I'm not sure our goose is entirely cooked just yet. But I'm an optimist.
LIESman and CNBC reporting on this now, and that Rand Paul "threatens to put Yellen nomination on hold" and wants his FED audit bill voted on.
Rand will be painted as an obstructionist nut-job, and 99% of Americans won't have any idea what the issues are with the FED, the debt, Wall Street, Washington, or much of anything else.
CNBC still running their "Rise Above: Win U.S. Back" graphics. WTF does that mean? Buy stocks?
""Rise Above: Win U.S. Back" graphics. WTF does that mean? "
It means stop watching CNBC
Bravo for at least the effort. The Establishment will never let this happen, but that is just the world we live in now. What should be relayed to the President is that he campaigned (and once again added to his novel of lies) that he will administer the most "transparent" government in history. So this is his chance, right?
Nothing nor nobody is going to stop this Marxist cunt from taking over and conterfitting until the whole thing blows up.
Those saying she will reign in QE are delusional. She won't even hint at it as we have already witnessed what happens. The only question is when she increases the size of QE and by how much.
"Nothing nor nobody is going to stop this Marxist cunt from taking over and conterfitting until the whole thing blows up."
So if the marxist/statists countefitters are on a misssion to blow the whole thing up, then what are we cheering? What do they have planned for the other side of reset?
Marxist & statists are true-believers. In their view, this is the path to true prosperity for all.
"They're wasting valuable printing time." -Mr. Yellen
So what if they do get an audit? Lets say they find things like the Fed is buying bonds from WS at 120 of par to bail them out? Or the Fed is buying at par mortgage bonds in which 50% of the mortgages are in default.
They (Congress) will cause a depression crash as soon as they pass a bill to stop the practice.
Congress doesn't have the guts to expose it all.
What's to expose? The truth is the Banks would have collapsed in 2008 if the Fed hadn't bailed them out. The depression that should have happened is only being postponed while the Statists get their ducks in a row for the reset. The money the FED is printing is propping up the Banks. The Banks are buying WS paper with the new money and manipulating certain parts of the market to keep the illusion of an economy going.
Auditor's audit opinion qualification:
"Due to reasons of national security, we were not granted access to the gold vaults of the Federal Reserve and therefore, in determining the gold owned by the Federal Reserve, we have relied exclusively on a management representation letter signed by the Chairman."
We're headed towards a giant shitfest regardless of whether the Fed is audited. If more people are made aware of the corruption within the Fed and the role it is playing because of some political grandstanding before arriving at the shitfest, then I say, do it. I don't care if they expose it and do nothing at this point, because there is little they could do to stop what's coming. I just want it exposed to the masses, not because I think it will change our course, but because I want people to understand who is fucking them when they get fucked. I want them bitter about that too. They won't understand the mechanizations of the Fed, but they can understand who is causing the pain.
A real filibuster would make the Fed a central topic. Sunlight is their enemy, so win or lose, this is great strategy.
For Rand to ask:
Janet, your opinion on this Einstein quote update, "Insanity is printing ever increasing fiat currency and expecting a different result."
Janet, please offer your apology for all of your failed policies reported at ZH.
Janet, are your prior failures a predictor of future success?
Janet, are your qualifications based upon the Identity Economics theories for which your husband got the Nobel prize? Which identities qualify, you, Janet to be Fed Chair? https://en.wikipedia.org/wiki/George_Akerlof
Finally, Janet, if a hundred Keynesian economists make the same mistakes, is that success?
rand paul is part of the establishment and can kiss my ass, his father helped me learn alot about liberty and economics and i respect him greatly.
the fed needs to go sure, everyone except the sheep are aware of this, but at this point its getting late in the game its gonna happen soon anyway, yellen will ramp up the assett purchasing all the other nations of size are looking to get out of the dollar, the jig is up.
wasting your time petitioning or spending any form of energy politically at this point is just irresponsible.
prepare yourselves and your familys for whats coming.
Fuck Benanke, and fuck Yellen. There should not be a Fed to chair in the first place.
Peter Schiff On Gold Catalyst: Janet Yellen Exposed - The Truth Behind the Myth GLD, MUX, TNR.v, GDX
"Peter Schiff separates truth from the mass media hype about Janet Yellen's real track record. As we have discussed before, her core beliefs are even more neo-keynesian than those of Ben Bernanke. The new play book for the FED is written by Michael Woodford and it will be even more fundamentally positive for the Gold. We can expect continuation of "pro-growth policies" with very little regard for the created bubbles along the way.
Peter was right about the Housing Bubble in 2006, he was right about the "Tapering" in September, what will happen if he is right again with his Call on Gold? We will provide his discussion on Gold and our entry on Michael Woodford to dig it out more for interested."
http://sufiy.blogspot.co.uk/2013/10/eric-sprott-gold-and-china-to-dominate.html#
Maybe Rand can ask Janet if gold is money? watch her struggle like old Ben did with the same question..
There was astounding support for auditing the FED yet the FED remains unaudited. The FED will always remain unaudited. The FED needs to be DESTROYED. This is the same stupid shit as delaying the individual mandate for obamacare. Obamacare needs to be DESTROYED before it even gets a foothold, just as the FED should have been. Auditing the FED is nothing more than smoke and mirrors compromising bullshit........
no no dude, keep waving your flag, a political solution can be found we just need to convince all those confused but well intentioned congressmen that in fact the fed is a central bank and the head of a banking cartel that is literally enslaving us, surely once they are all educated to this simple and obvious fact once you understand the basics of it then they will surely place more regulations upon it so that it acts in the public interest!
god bless america
Would love to see one of these videos without basic misspellings.
wanna audit something????...........lets start with the Social Security TRUST fund........then the EXchange Stabilization Fund.........then the finances of all the members of the House and Senate, especially the windbags known as Pauls.
We should be allowed to opt out if they are going to pull funds from it to pay down the debt. Looking at you buddy bill.
No chance -the Banksters own the Presidency and 90% of the Congress-as well as the mainstream media, as well as the bought off academia and Wall Street. Now they are purging the military. If people don't wake up soon, we are toast.
If people don't wake up soon, we are toast.
Indications are they won't.
And we are.
What ever you do, don't look up this article on Huff-Po and its comments section. You will want to drink draino afterwards...
holy shit you werent kidding. time for a cocktail...
holy shit you werent kidding. time for a cocktail...
What we need is free markets and a currency of the people, by the people. That means no Fed and no Federal reserve note.
EVER AGAIN.
It think Yellen's nomination at this point is really not going to make much difference at this point. Print or Taper are the only two options and neither is good. The only difference is that printing money just prolongs the collapse by way of steady currency devaluation. Taper will cause collapse much faster.
According to Macquarie Research:
https://app.box.com/s/pzbyrvapbxjs27ql0lnw
Banking on Unconventional Monetary Policy
Event
- We analyse the implications of maintaining current unconventional monetary policy (UMP) mechanisms in the major developed economies for some time into 2014.
Impact
- Financial markets are now expecting the US Federal Reserve to maintain its current program of QE bond purchases until at least March 2014. At the same time, several other major central banks have recently signalled an intention to maintain highly accommodative monetary policy settings for the foreseeable future. Consequently, the medium-term outlook for global liquidity has shifted and should be seen as supporting the strengthening cyclical upturn in the developed economies.
Outlook
- Recent actions and comments from the major central banks indicate that unconventional monetary policy (UMP) can be expected to remain a key feature of the global landscape well into 2014. This reflects a combination of factors, many of which have both domestic and global economic dimensions.
- Notwithstanding concerns in some quarters of financial markets that UMP is an unsustainable policy approach, central banks appear to assess the near-term risks of macroeconomic instability as being better managed through the protracted use of extraordinary policy measures.
- Moreover, the complicated nature of exit strategies for the major central banks, including the likelihood of further unsettling capital outflows from some emerging market economies, is leading to an acceptance that UMP will be sustained for longer than originally anticipated.
- We noted previously that the market consensus in respect to the US Fed’s commencement of a wind back in its quantitative easing (QE) asset purchase program has shifted into 2014. Indeed, market expectations have now aligned with our base case of Fed QE tapering commencing at the 18-19 March 2014 FOMC meeting – although the risks are still skewed to an even later date.
- Given the ‘general equilibrium’ spill-over effects of any shift in the stance of US monetary policy, it is not surprising that most of the other major central banks have acquiesced with the financial markets expectation for a protracted deployment of UMP.
- In our view, there are three key macro implications for global investment markets in the extended use of UMP, namely:
- ongoing elevation of investor risk appetite and a focus on ‘capital growth’ driven assets;
- near-term abatement of ‘capital account’ pressures in several key emerging market economies; and
- persistent concerns about competitive exchange rate devaluations and asset price bubbles.
Anything that outs the FED is good. Anything that obstructs the FED is good. Anything that questions the FED is good, Anything that stops the FED is Good.
We don't have to go for broke to get the reset. The most important thing is to Edumacate the public.
Knowled iz powr.
Maybe this will actually go somewhere. Im still on the fence about rand, he is definatley not his father, but coming all out and saying END THE FED sounds to crazy to most people at first glance, which is about the attention span of most people in this country. So pushing merely to audit the fed could be a good way to go about getting rid of it. If their criminality is laid bare for all the world to see, where they exist merely for that tiny fraction of people and institutions that lord over the rest of us, and the true amount of monopoly money they have created and given away to criminal banks, maybe, just maybe that will build some momentum.