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Ron Paul: If The Fed Has Nothing To Hide, It Has Nothing To Fear

Tyler Durden's picture




 

Submitted by Ron Paul via The Ron Paul Institute of Peace & Prosperity,

Since the creation of the Federal Reserve in 1913, the dollar has lost over 97 percent of its purchasing power, the US economy has been subjected to a series of painful Federal Reserve-created recessions and depressions, and government has grown to dangerous levels thanks to the Fed’s policy of monetizing the debt. Yet the Federal Reserve still operates under a congressionally-created shroud of secrecy.

No wonder almost 75 percent of the American public supports legislation to audit the Federal Reserve.

The new Senate leadership has pledged to finally hold a vote on the audit bill this year, but, despite overwhelming public support, passage of this legislation is by no means assured.

The reason it may be difficult to pass this bill is that the 25 percent of Americans who oppose it represent some of the most powerful interests in American politics. These interests are working behind the scenes to kill the bill or replace it with a meaningless “compromise.” This “compromise” may provide limited transparency, but it would still keep the American people from learning the full truth about the Fed’s conduct of monetary policy.

Some opponents of the bill say an audit would somehow compromise the Fed’s independence. Those who make this claim cannot point to anything in the text of the bill giving Congress any new authority over the Fed’s conduct of monetary policy. More importantly, the idea that the Federal Reserve is somehow independent of political considerations is laughable. Economists often refer to the political business cycle, where the Fed adjusts its policies to help or hurt incumbent politicians. Former Federal Reserve Chairman Arthur Burns exposed the truth behind the propaganda regarding Federal Reserve independence when he said, if the chairman didn’t do what the president wanted, the Federal Reserve “would lose its independence.”

Perhaps the real reason the Fed opposes an audit can be found by looking at what has been revealed about the Fed’s operations in recent years. In 2010, as part of the Dodd-Frank bill, Congress authorized a one-time audit of the Federal Reserve’s activities during the financial crisis of 2008. The audit revealed that between 2007 and 2008 the Federal Reserve loaned over $16 trillion — more than four times the annual budget of the United States — to foreign central banks and politically-influential private companies.

In 2013 former Federal Reserve official Andrew Huszar publicly apologized to the American people for his role in “the greatest backdoor Wall Street bailout of all time” — the Federal Reserve’s quantitative easing program. Can anyone doubt an audit would further confirm how the Fed acts to benefit economic elites?

Despite the improvements shown in the (government-manipulated) economic statistics, the average American has not benefited from the Fed’s quantitative easing program. The abysmal failure of quantitative easing in the US may be one reason Switzerland stopped pegging the value of the Swiss Franc to the Euro following reports that the European Central Bank is about to launch its own quantitative easing program.

Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. Despite this poor track record, Fed apologists still claim the American people benefit from the Federal Reserve System. But, if that were the case, why wouldn’t they welcome the opportunity to let the American people know more about monetary policy? Why is the Fed acting like it has something to hide if it has nothing to fear from an audit?

The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit — and then end — the Fed.

 

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Mon, 01/19/2015 - 17:44 | 5681181 saints51
saints51's picture

Fuck auditing the fed. Lets end the fed.

Mon, 01/19/2015 - 17:51 | 5681200 Fun Facts
Fun Facts's picture

or watch them hang one by one in a public square for the penalty of treason.

Mon, 01/19/2015 - 17:56 | 5681225 saints51
saints51's picture

Or that. Hey, whatever we want.

Mon, 01/19/2015 - 18:03 | 5681260 jcaz
jcaz's picture

...And the 25% that don't want the Fed audited have no idea what the Fed is.....

Mon, 01/19/2015 - 18:05 | 5681271 pods
pods's picture

Auditing the FED is dangerous. What happens if everything says the books are 100%?

It is not the improper operation that is a crime against humanity, but the mere existence.

pods

Mon, 01/19/2015 - 18:10 | 5681289 saints51
saints51's picture

People like us complaining about the Fed will go from conspiracy theorists to mother fucking extreme terrorists.

Mon, 01/19/2015 - 22:27 | 5682241 Self-enslavement
Self-enslavement's picture

Stop looking at the Fed. Look instead at the people that have all the money. All that counterfeit money they printed themselves with OUR money printng press. They should all be behind bars.

Mon, 01/19/2015 - 18:21 | 5681328 LawsofPhysics
LawsofPhysics's picture

That is impossible.  Show me the gold.  The constitution is pretty fucking clear about money.  We gave them a contract that can be revolked.  Take back all the stolen property, assets, and ownership.  Execute all political puppets who went along and benefitted.  Thanks to the internet and freedom of information there is actually a very clean paper trail from wall street and the primary dealers to the puppets in D.C.  Start over, this time holding all "representation" responsible.  It will require everyone's particiation, but if you can provide something of real value, then fuck off and die.  By the way, it will come down to the last part anyway as the math and the laws of Nature and physics are what they are...

Mon, 01/19/2015 - 19:51 | 5681648 Thanatos
Thanatos's picture

That's easy to agree with.

 

This 25%... Some of them are just brain dead, some hopeful they are on the inside and some are every flavor of ignorant imaginable.

This 25% is being distilled down to 10% and then 2%...

Finally, it will only be the .01% that are polling "the FED is my Friend"...

You will know when that day nears...

Because you won't get far without having a checkpoint asking for papers... Please.

That will be the reminder that support for the FED fell below 2%.

Maybe we should salt that poll with a few positive votes? Who likes a checkpoint?

It's that far gone.

Mon, 01/19/2015 - 21:01 | 5681875 neidermeyer
neidermeyer's picture

How many checkpoints between me and the marina or airport?

Thu, 01/22/2015 - 21:44 | 5694705 Thanatos
Thanatos's picture

Those will be rather large checkpoints themselves.

Mon, 01/19/2015 - 20:32 | 5681341 ThroxxOfVron
ThroxxOfVron's picture

Agreed.  Any audit would likely be a sham audit anyway.  Stress Test much?

Better ways to assail and ultimately eviscerate FED monetary hedgemony:

1. License and utilize individual State Banks in each State.  

ALL State Banks should be capitalized with the State Tax monies ( NO more depositing State tax revenues into FED Bank accounts ) and ALL should exist entirely outside the FED system.  NO borrowing should be allowed between -to or from- ANY State Banks & the FED System Banks. State Banks should be run either on a non-profit basis or have the profits used to offset taxation and lower tax burdens on the Citizenry.

http://en.wikipedia.org/wiki/Bank_of_North_Dakota

 

2. Restore the Postal Savings System and restore the FDIC to it's original use in protecting ONLY those deposits within the Postal Savings System.  

Remove FDIC protections for the depostis within the FED cartel banks.  The FDIC has been stolen from the PSS and the PSS summarily killed by the FED cartel.  Reverse this process!  

SS, Disability, Tax Payments and Refunds, Welfare, WIC, etc. Federal payments of ANY & EVERY kind to and from the Government should ALL be administered via the Postal Savings System and require NO forced useage of private banking houses.   The Postal Savings System was effectively 'The Citizen's Bank' and as such it should be run as a ZERO PROFIT enterprise or the profits should be used to offset taxation and lower tax burdens on the Citizenry.

http://en.wikipedia.org/wiki/Postal_savings_system

 

3. Restore Glass-Steagal.

http://en.wikipedia.org/wiki/Glass–Steagall_Legislation

 

After the next crash there wouldn't be much FED cartel left if these three things were done...

 

Don't get me started about how mortgages are backed by the US Government and only priced above the Fed Funds Rate/30yr due to horrendous layers of rent skimming and cartelization...  Assailing THAT would be high on my list of what to do next...

 

Tue, 01/20/2015 - 15:08 | 5684871 thebigunit
thebigunit's picture

Interesting ideas, Throxx.

Something to chew on.

By the way, are you any relation to Ann Throxx?

Mon, 01/19/2015 - 18:49 | 5681424 Stumpy4516
Stumpy4516's picture

Ron Paul's true character and intent is very questionable.

Any audit of the Fed would be controlled so nothing would be found.  Like auditing the gold.  It would not surprise me to find Ron Paul on the committe that audit's the Fed, resulting in a sham audit.  But then all who raised the fact the audit was no more authentic than the 911 investigation would be forever marginalized.

Long ago Paul made vague references to Israel's influence and named a few names all knew anyway.  Never has Ron Paul listed the dual passport holders, the corrupt number of jewish holding the key govt positions, the ownership of the media and TV and such.  Never has Ron Paul mentioned how clearly bogus the 911 official story is false, who shorted the airlines and market in general or how obvious the collapse of the third bulding was staged.

I once thought Ron Paul was an actually voice of the people but now suspect he is pretending to be for the citizens while serving the purposed of the elite and deceiving the masses.

Mon, 01/19/2015 - 19:09 | 5681487 Cathartes Aura
Cathartes Aura's picture

controlled opposition.

2001, March 13: U.S. Congressman Ron Paul, (Texas)

"There's nothing to fear from globalism, free trade and a single worldwide currency.... The effort in recent decades to unify government surveillance over all world trade and international financial transactions through the UN, IMF, World Bank, WTO, ICC, the OECD, and the Bank of International Settlements can never substitute for a peaceful world based on true free trade, freedom of movement, a single but sound market currency, and voluntary contracts with private property rights.... The ultimate solution will only come with the rejection of fiat money worldwide, and a restoration of commodity money. Commodity money if voluntarily and universally accepted could give us a single world currency requiring no money managers, no manipulators orchestrating a man-made business cycle with rampant price inflation."

Congressional Record, 13 March 2001

 

maybe he's tasked with the "audit the Fed" flag, because the outcome would break apart the current narrative, hmm.  I watch his son for more clues. . .

because we all know this isn't going to end all neat 'n' tidy like Hollywood.

don't we?

Mon, 01/19/2015 - 19:39 | 5681608 Chupacabra-322
Chupacabra-322's picture

His son. Rand, yea, in bed with Monsanto / Satan. Gets heavy $ from the beast.

Mon, 01/19/2015 - 19:40 | 5681613 Cathartes Aura
Cathartes Aura's picture

. . . and heavy *silence* from Dad.

working as intended.

Mon, 01/19/2015 - 22:32 | 5682261 Self-enslavement
Self-enslavement's picture

Where do they stand on property tax? Allodial land is one way to render the Federal Reserve harmless.

Mon, 01/19/2015 - 22:09 | 5682122 Chad_the_short_...
Chad_the_short_seller's picture

You are correct but.......... look what happened with Joe and John Kennedy. Look up Joe's plan for JFK. He wanted to expose and take out the evil zionists who hijacked and ruined America. JFK went along for awhile and then he started with the FED. He signed an executive order to do away with the FED. Well, shortly after................ ya know..... Just like Jackson(although he survived two murder plots) and Abe.

Mon, 01/19/2015 - 23:39 | 5682535 prefan4200
prefan4200's picture

@Chupacabra-322 - Interesting.  I had no idea Marshawn Lynch was mixed up in all this....

Mon, 01/19/2015 - 20:12 | 5681701 Stumpy4516
Stumpy4516's picture

Agree about Rand Paul.  Rand carries the same baton and his father carried but has to be more obvious in order to get into the position TPTB want him in.

Mon, 01/19/2015 - 18:41 | 5681389 Greenskeeper_Carl
Greenskeeper_Carl's picture

That's the problem. When talking about this with friends and colleagues , most people seem to think its either a branch of the govt or part of the treasury. Our public education system has done a great job of dumbing people down.

Mon, 01/19/2015 - 18:45 | 5681413 negative rates
negative rates's picture

That's why we defaulted under tricky dicky's watch, he just couldn't get enough.

Mon, 01/19/2015 - 18:13 | 5681298 LawsofPhysics
LawsofPhysics's picture

We need the audit in order to make sure we hang everyone who has benefitted from the treason.  Come on, this retribution needs to have some credibility motherfuckers.

Mon, 01/19/2015 - 18:40 | 5681356 ThroxxOfVron
ThroxxOfVron's picture

"We need the audit in order to make sure we hang everyone who has benefitted from the treason.  "

Part of the problem with Ron Paul is that he is ...SOFT.

His day job when not getting wealthy in CONgress was birthin' babies.

Ron Paul was not/is not prepared to dish out final justice to James Bond level master-criminals, global financial terrorists or high level national traitors...

He was never up to the task required despite the occasionally fiery rhetoric.

Mon, 01/19/2015 - 19:01 | 5681469 Jstanley011
Jstanley011's picture

The Fed has PLENTY to hide and exactly NOTHING to fear. The worst danger the institution and its apparatchiks have been exposed to since Greenspan's chairmanship is Ron Paul gumming them to death.

Mon, 01/19/2015 - 22:33 | 5682271 Self-enslavement
Self-enslavement's picture

The Fed is just a Zerox machine for the chosenites. Follow the money and you'll find the perps.

Mon, 01/19/2015 - 19:57 | 5681663 serotonindumptruck
serotonindumptruck's picture

This has been addressed numerous times on ZH.

RP cannot and will not reveal the absolute truth about the Federal Reserve.

He would have been assassinated years ago if he had "Chosen" this path.

RP is beginning to sound like a broken record, or as if he has a string in his back that one might pull in an effort to hear what one would like to hear.

After writing in Ron Paul on my ballot for the last 4 election cycles, I'm going to begin writing in Tyler Durden.

Mon, 01/19/2015 - 22:24 | 5682224 sonoftx
sonoftx's picture

Soft? You try going to work for the next 20 years and having your colleagues laugh at you, and snicker behind your back, and be made fun of in front of several million people, and denigrated. All the while knowing you are right and believing that someday people would get their head out of their asses and listen to you. If he was some Johnny come lately you might have a point but he has been saying many of the things said on these threads for years. If you call him soft because he is asking for something that we know will never happen then shut this whole fucking site down and no one should ever say another thing about how we go about correcting this fess pool because right now it is all impossible. And if you want to talk about a broken record how about you what is said every day here on thi site and in the posts. But when you get to the core of an issue you are at the core what else are you going to say. You don't tell a drug addict that if he gets a facial it will solve his problems. You tell him over and overr and over and over that he has to quit doing drugs; THAT is the problem. I think your logic is soft not Ron Paul.

Mon, 01/19/2015 - 23:19 | 5682473 Stumpy4516
Stumpy4516's picture

You think Ron Paul had it Tough?  BS.  Treated like a king, pampered, luxury setting, free air flights, all sorts of perks, cannot be fired between elections.  But, he sometimes got snickered at!  Well, go out in the real world and see the work conditions of regular people. 

For the money, lifetime health care and lavaish pension benefits there are plenty of people who would like his "troubles".

Mon, 01/19/2015 - 18:13 | 5681305 Crazy Canuck
Crazy Canuck's picture

Thant works

Mon, 01/19/2015 - 18:16 | 5681321 Carpenter1
Carpenter1's picture

Think carefully about this, it's brilliant. Wall right in the front door and audit the FED.

Mon, 01/19/2015 - 17:59 | 5681243 El Vaquero
El Vaquero's picture

If you want to end the fed, auditing it and exposing its fraud might be a good place to start.

Mon, 01/19/2015 - 18:10 | 5681283 saints51
saints51's picture

Sounds like a nice idea doesn't it. Will never happen. The Fed ends when the people wake up and a law will not do it. Americans need their bank accounts, 401k, entertainment/tv, ebt, medicaid/care, etc all to go bye bye before they lift a finger. My only hope this bullshit ends is by the bankers own ego. Hopefully that ego causes the end to all this bullshit so we can start over. My other hope is in Revelations. I figured 1 of the 2 should get us back in reality.

Mon, 01/19/2015 - 18:11 | 5681297 Carpenter1
Carpenter1's picture

Republicans will prone lay pass this bill, then Obama's under intense pressure to sign. (75% support)
This could actually happen folks.

Think theres no dead bodies buried in the FED? ALL the bodies are at the FED!!!

Mon, 01/19/2015 - 18:14 | 5681311 saints51
saints51's picture

you do realize goldman nut sacks and jp morgue who are private stockholders of the fed, own both republicans and democrats. The parties are for us to argue over. Its an imaginary line in the sand that exists to create division among Americans.

Mon, 01/19/2015 - 18:21 | 5681340 actionjacksonbrownie
actionjacksonbrownie's picture

If 75% want an audit, does that mean 25% are benefitting from NOT auditting the FED? I mean honestly, who would not want to audit the most influential group of banks in the world???

Mon, 01/19/2015 - 22:35 | 5682283 Self-enslavement
Self-enslavement's picture

Wow. Turns out the 1% is a whopping 25%. Scary.

Tue, 01/20/2015 - 13:24 | 5681839 JuliaS
JuliaS's picture

Standing at the forefront of the birth of individualism (an essential building block of industrial capitalism and consumerism), René Descartes needed to take God out of the picture. Urban industrialists were rapidly emerging as a new power class, yet church still held most of the power. If you came out and said God didn't exist, you could very well end up without your head. So, Descartes deliberately chose to put God to sleep, delicately expressing the view that God's work on earth was done - that there was no longer a need for him to be around.

"I think, therefore I am" was his most famous expression, and it was profound for the reason that for the first time, it explained the nature of man without mentioning God. I put dual emphasis on the word "I". The individual was the center of the universe and higher deity was nowhere to be found.

As Ron Paul eventually realized attempting to end Fed outright is as effective as hoping to win presidency through a libertarian nomination. At best it'll get him nowhere and at worst, will give him a JFK makeover.

Auditing the Fed is a gentler approach that amounts to the exact same thing, but sounds less threatening.

Mon, 01/19/2015 - 22:04 | 5682108 fleur de lis
fleur de lis's picture

The Fed scammers have no way of working but a 3-card monte racket. They're compulsive gamblers. If the Fed gets audited they have everything to lose and nothing to gain. They will put up a nasty fight and do whatever they have to do to keep whatever wins they can.

Mon, 01/19/2015 - 17:46 | 5681185 Aeternus
Aeternus's picture

The Fed isn't worried, they're having Greenspan do the 'independent' audit.

https://www.youtube.com/watch?v=yloaBw80fV4

Mon, 01/19/2015 - 18:04 | 5681263 weburke
weburke's picture

The first thing i ever read of his was the latest thing he wrote. If I have to tell you he is a fraud, well, you should reread it yourself. Cmon, he is clearly working for the elite. And if the elite use paul to get rid of the fed, that would automatically mean, devalue the dollar, we lose reserve currency status, and we cant fund food stamps, or anything else. Instant third world. 

 

Mon, 01/19/2015 - 19:16 | 5681529 Cathartes Aura
Cathartes Aura's picture

as Lagarde states in today's ZH post:

To be sure, there has been progress, especially on banking regulation and on addressing too-big-to-fail financial institutions. But countries must now implement the reforms and improve the quality of supervision. We also need better rules for nonbanks, stricter monitoring of shadow banks, and improved safeguards and more transparency in the derivatives markets. Progress on closing data gaps in the financial sector is urgently needed as well, so that regulators can properly assess risks to financial stability.

 

imagine what a "disaster"  a "Fed audit" might unleash.

Mon, 01/19/2015 - 18:22 | 5681335 ebworthen
ebworthen's picture

Let me guess...Greenspan to be assisted by Jon Corzine with accounting done by Arthur Andersen - and Goldman Sachs and J.P. Morgan Chase Boards of Directors to provide oversight.

Mon, 01/19/2015 - 19:02 | 5681473 Jstanley011
Jstanley011's picture

rofl...

Mon, 01/19/2015 - 17:49 | 5681190 Rainman
Rainman's picture

Audit is a waste of energy. The central banksters are a symptom of a much moar insidious disease ..... namely, corrupted governance.

Mon, 01/19/2015 - 17:54 | 5681211 Chupacabra-322
Chupacabra-322's picture

Corrupted Governance? Wrong C word. Criminal Fraud UNITED STATES, CORP. INC.

They're all (Federal, State & Local Municipalites) involved in an elaborate scheme based on contrat law & Criminal deceit to Fraud The American People by CONSENT (Black Law's Dictionary) & being an accessory to the deceit & Criminal Fraud by contracting with the Criminal State.

We are "Governed" into a Political, Educational, Religious & Economic UNITED STATES, CORP based on contract law which is based on Criminal Fraud, deceit & illusion.

The Private Corp UNITED STATES, CORP uses the cover of being a functional Government when in reality they are not. Much like the Criminal Federal Reserve uses The "Federal" in their name & use it as cover to give the illusion that they are a branch of the US Government when they are not.

Through bankruptcies, Criminal Contract Fraud & deceit the Charlatans have incrementally incorporated the US as well as your souls (birth cert) which are securitized via the Criminal Federal Reserve through to the IMF.

They're functioning off corporate version of the THE CONSTITUTION. It's the reason why The Global Criminal Oligarch Cabal Bankster Intelligence Crime Syndicate continues to lie, cheat, deceit, rape & pillage with impunity.

The only power the have over you is with CONSENT (Black Law's Dictionary). Pay no Taxes. Peaceful Non-Participation, Non-Compliance & being an accessory into their Criminal system/s based on Criminal Fraud, Debt Bondage & Enslavement.

Look. It's there parchment! There's 2 Constitutions, one from 1776, one from the Act of 1871. One says for the united states. The other says OF THE UNITED STATES OF AMERICA, INC.

They removed the organic language from the 13th Amendment of 1776 which Gaurenteed our individual rights and replaced the whole amendment in the forgery look alike.

Mon, 01/19/2015 - 18:43 | 5681401 TeethVillage88s
TeethVillage88s's picture

The way to deal with Systemic Fraud & Corruption is to start dismantling the power, the organizations, the leadership, the personalities, the legacy.

Like the money in politics
Like the power of the Police State
Like the Power of Wall Street Banks
Like the power of any corporation that seems too big

But we might want to keep the police state till we make progress on the others...

Mon, 01/19/2015 - 19:05 | 5681484 Chupacabra-322
Chupacabra-322's picture

Keep the Police State? Are you on Acid? Who do you think keeps enforcing the Criminal Fruad UNITED STATES, CORP. INC. & its Franchises at the State & Local levels?

A Civilized Society by Natural Nature can & has Policed itself. Open carry for everyone & FUCK the Criminal Totalitarian Authroritarian Fascist Militarized Gestapo Police State & their Pensions.

Mon, 01/19/2015 - 18:16 | 5681322 A Nanny Moose
A Nanny Moose's picture

As if there is any other kind. Government cannot be anything other than corrupt, for in order to exist, it must first steal. Nothing virtuous will ever result from that which is immoral to begin with.

Mon, 01/19/2015 - 17:46 | 5681191 Bollixed
Bollixed's picture

It would take the BLS less than a day to audit the Fed...

Mon, 01/19/2015 - 18:00 | 5681249 El Vaquero
El Vaquero's picture

Imagine all of the hedonistic adjustments that the BLS would use when publishing its results!

Mon, 01/19/2015 - 17:51 | 5681201 dimwitted economist
dimwitted economist's picture

But.. They DO Have things to hide... old Ron KNOWS it! LOL!!!

Mon, 01/19/2015 - 17:51 | 5681205 Ignatius
Ignatius's picture

Imagine finding out who actually owns us...

I'm giddy as a little school girl anticipating this.  On the Plantation it was pretty easy - if you were a newly arrived black african and your last name was, say, Jefferson, it was a pretty simple calculus.

Mon, 01/19/2015 - 17:56 | 5681222 Chupacabra-322
Chupacabra-322's picture

Who "owns" us?

The City of London.

Mon, 01/19/2015 - 17:58 | 5681231 Ignatius
Ignatius's picture

You're not supposed to give away the ending of the movie in the trailer.

Mon, 01/19/2015 - 18:27 | 5681246 Chupacabra-322
Chupacabra-322's picture

Fuck that! Don't need to audit the FED, just get rid of it and the debt that the CORPORATION called UNITED STATES owes it, we don't owe them Jack SHIT!

Shred our BIRTH CERTIFICATES for these are CONTRACTS to create bonds to give the FED in exchange for the CORPORATION called UNITED STATES to continue to operate in bankruptcy, in exchange for rights we get PRIVILEGES and BENEFITS in return.

I'm sure you've heard the saying "Full Faith & Credit of The American People" haven't you. I'm sure the Criminal UNITED STATES, CORP. INC. CEO is going to mention it in tomorrow nights State of the PsyOp Address.

Mon, 01/19/2015 - 17:52 | 5681208 cigarEngineer
cigarEngineer's picture

Did i just hear a politician say, "end the fed?"

Time to get long stapler-guns

Mon, 01/19/2015 - 17:55 | 5681215 Citium
Citium's picture

It's amazing the people I run into that lament the fact they didn't listen to what Ron Paul was saying in 2008 & 2012. Sad, really.

Mon, 01/19/2015 - 18:26 | 5681352 A Nanny Moose
A Nanny Moose's picture

Having outsourced their cognitive abilities, they were to busy flinging poo to comprehend the ideas.

It's not sad. We get the government we deserve. Which is to say, that which all governments eventually become.

We're gonna get it good and hard.

Mon, 01/19/2015 - 17:54 | 5681217 p00k1e
p00k1e's picture

Send Ron a few bucks.  Go on, you know you want to. 

Mon, 01/19/2015 - 17:56 | 5681219 Bill of Rights
Bill of Rights's picture

Audit them? I say crucify them. The FED mandate is impoverishment of the masses and that's exactly what they've done . To sit here and say "
We never seen it coming " is an Insult to anyone with an ounce of brain.

Poverty is control.

Mon, 01/19/2015 - 18:02 | 5681256 Fix-ItSilly
Fix-ItSilly's picture

Ron Paul, after years of throwing rocks at the FedRes, finally got a sub-committee chairmanship, to exert authority over, and accountability of, the FedRes.  Almost immediately, he announced his retirement.

He failed the American public.  And he was untrue to his earlier self.

Now he throws rocks again, when he could have pulled levers of power for us to see if he speaks the truth or is just another Wizard of Oz charlatan.

We should commend actions like that of Presidents Jackson and Jefferson.  Paul is not a leader.

Mon, 01/19/2015 - 18:37 | 5681380 Stumpy4516
Stumpy4516's picture

Liz Warren also comes to mind.  Maybe they are not who they seem.  Controlling opposition by being a susposed mouthpiece of the people and diverting any true effort.

Mon, 01/19/2015 - 18:43 | 5681403 Fix-ItSilly
Fix-ItSilly's picture

I can't lump Warren with Paul.  Paul truly had his hands on the lever and walked away.  Warren is only throwing rocks.

Mon, 01/19/2015 - 19:47 | 5681636 Ckierst1
Ckierst1's picture

Yer goofy!  Ron was only one of 435 Reps and the Republicans were not in control all the time and it didn't matter anyway cuz they were all talk and no walk.  Where the rubber met the road the red pill was essentially the same as the blue pill and both were compromised by the banksters and MIC.  Janus all the way!

Mon, 01/19/2015 - 18:52 | 5681436 TeethVillage88s
TeethVillage88s's picture

If they treated me like they treated Ron Paul I would have given them the finger in my firs Presidential Run. I would have burned Bridges, and Ratted then all out.

They pretty much called Paul a bitch to his face.

But have to say the US House of Representatives doesn't seem to have much power:

- Congress gave up war powers
- Congress gave up Legislative powers (Lobbyist Write the laws)
- Congress gave up their Budget Powers since 2008
- Congress gave up their souls and dignity

and I'm pretty sure they are all bisexual for their wealthy clientele!

Mon, 01/19/2015 - 19:04 | 5681482 Jstanley011
Jstanley011's picture

Similar to the Libertarian Party. They've carved out a nice niche for themselves as professional cranks, that depends upon them losing every election cycle. To actually win on a broad scale would upset the apple cart.

Mon, 01/19/2015 - 19:22 | 5681542 Cathartes Aura
Cathartes Aura's picture

all "voting" lends legitimacy to systems that exploit and undermine humans globally.

 

voting is the least one can do.

 

Mon, 01/19/2015 - 19:39 | 5681607 Jstanley011
Jstanley011's picture

In P.J. O'Rourke's immortal words, "Quit voting, it just encourages the bastards."

Mon, 01/19/2015 - 19:47 | 5681637 Cathartes Aura
Cathartes Aura's picture

love some of his writings. . .

The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn't work and then they get elected and prove it.
Mon, 01/19/2015 - 19:35 | 5681583 Ckierst1
Ckierst1's picture

And you are a clueless fucking idiot troll.  His subcommittee didn't exert ANY authority over the Fed, all it could do was question them.  I know cuz I frequently listened to Ron's inquiries into Helo Ben's bullshit!  Even at that, the Congressional Republican leadership scumbags were FINALLY embarrassed into giving a subcommitteeship to one of their MOST TENURED pariah gadfly members who refused to go along with their bullshit, DESPITE their best efforts to defeat him by hurling up well funded furball opponents within their own party primaries in Texas.  You are either so incredibly clueless that you are breathtaking in vascuosity or you are another anti-Ron Paul weasel scumbag greatness denier!  You likely wouldn't recognize a real patriotic statesman without conflating him with some rendition of socialism.

Mon, 01/19/2015 - 20:07 | 5681682 Fix-ItSilly
Fix-ItSilly's picture

Yes, you and I are correct.  He was Chairman, setting the policies of his sub-committee, and had his hand solely on the lever of oversight.

He had his opportunity to wield a true bully pulpit with some authority to subpeona. Rep. Issa has done a nice job wielding such.

When finally given the chance, Paul ran away from the opportunity to change his poignant rock throwing into solid oversight and policy formulation.  That is not patriotism.

Tue, 01/20/2015 - 01:40 | 5682781 cigarEngineer
cigarEngineer's picture

Patriotism is not a virtue.

And what matters is not the man, but the message.

Tue, 01/20/2015 - 01:39 | 5682778 cigarEngineer
cigarEngineer's picture

Ad hominem much? Ron Paul is just a man. It is his message that matters.

Mon, 01/19/2015 - 18:02 | 5681257 NoWayJose
NoWayJose's picture

Boehner and McConnell are lapdogs for Wall Street. This bill will never see a vote taken.

Mon, 01/19/2015 - 18:18 | 5681320 disabledvet
disabledvet's picture

They're not bailing out the Banks but the Navy.

Mon, 01/19/2015 - 18:04 | 5681265 wmbz
wmbz's picture

Con-gress could pull the plug on those private bankers called the un-fed. They along with satans spawn, Woodrow Wilson put them there. Not going to happen, neither is an audit.

These banksters own Con-gress lock, stock and barrel.

The depths of depravity these evil cocksuckers engauge in, is beyound the pale.

About all I hope for any more is, that if there is a heaven or hell these generations of bankster scum, slow roast for all eternity, and that's not long enough.

Liars all!

 

 

Mon, 01/19/2015 - 18:08 | 5681278 Reaper
Reaper's picture

We're supposed to trust the auditor chosen by the government? All corporate auditors know their future auditing contracts depend on satisfying their present employers who they're presently auditing. Trust in auditors?

Mon, 01/19/2015 - 18:18 | 5681304 Rainman
Rainman's picture

exactly .... ' also applies to rating agencies '

Mon, 01/19/2015 - 18:38 | 5681387 TeethVillage88s
TeethVillage88s's picture

Yes, all Auditing Companies have been caught in Fraud along with the Rating Agencies.

Question Authority, put normal people in control.

- 1% owns most of the world assets
- 1% controls the National Governments
- We have been reamed by Banks & National Government
- Religious Authorities do the same thing, but in real life

We need standardized financial instruments, corporations, business rules, accounting rules, federal reserve rules, and banking rules... and for congress stop soft money, stop money in politics, and stop all gift giving, no lunches, plan rides, hotels, seminars, conferences, tickets, nothing.

Mon, 01/19/2015 - 18:10 | 5681290 richiebaby
richiebaby's picture

We should make the Fed pay a multi-billion dollar fine for the Fed's abject criminal fraud and corruption...No wait, make it a Trillion!

Mon, 01/19/2015 - 18:21 | 5681312 LawsofPhysics
LawsofPhysics's picture

No, just audit and end the Fed.  Take back all titles and ownership, period.  Coin our own money and start holding our "representatives" responsible.  It will require the participation of everyone, so if you can't get off your ass, fuck off and die.

Mon, 01/19/2015 - 18:34 | 5681374 TeethVillage88s
TeethVillage88s's picture

Here is a Strategy: Change the Name of the Federal Reserve and all its regional banks, and BOD and committees ... to something private sounding... doesn't matter say Wall Street CO-OP, or Banking Trust.

Then the public will know at last that it is not part of the government.

Then you get your audit and the dissolution you are looking for.

Mon, 01/19/2015 - 18:13 | 5681306 orez65
orez65's picture

Pass legislation to audit the Fed??

That's just a smoke screen.

Just send the IRS to do the audit.

Those fu.kers at the IRS audit all of us whenever the hell they want, so they can just pay the Fed a visit.

 

Mon, 01/19/2015 - 18:27 | 5681354 medium giraffe
medium giraffe's picture

$18.1 Trillion

PoNR

Does the Fed matter?

 

Mon, 01/19/2015 - 18:30 | 5681365 cherry picker
cherry picker's picture

Doesn't that apply to all government dealings, except when a life or lives may be at stake, not some blurry excuse like 'National Security'?

Mon, 01/19/2015 - 18:31 | 5681370 TeethVillage88s
TeethVillage88s's picture

"The reason it may be difficult to pass this bill is that the 25 percent of Americans who oppose it represent some of the most powerful interests in American politics."

- Well at least 40-50% of Americans are directly benefiting from Federal Budget Spending, so even government workers and contractors are supportive of Auditing the FED
- Some still probably think the FED is Federal, and would love to see some serious auditing of the whole Federal Government no doubt

Mon, 01/19/2015 - 18:44 | 5681412 nakki
nakki's picture

Maybe we could start by educating the average person about what the FED really is,(who am i kidding, they'll never get it) and then we could debate what the alternatives would or could be. Money tied to PM? Money tied to oil? Money tied to a other natural resources? I've thought of many possibilities and they all lead back to one thing. 90% of the population getting screwed 9% doing well .09% of the population doing really well and .01% of the population owning most of everything. Unfortunately it seems only the physopaths are the ones that ever rise to power.

Mon, 01/19/2015 - 18:47 | 5681421 luna_man
luna_man's picture

 

 

Yeah, I'm all for auditing the CRIMINALS!

 

Throw some names together and one who you think should head this team.

 

time is of the essence...chop, chop

Mon, 01/19/2015 - 18:47 | 5681423 Boomberg
Boomberg's picture

Who is qualified to audit the Fed even if this law passes? By qualified, I mean who isn't bought and paid for by the beneficiaries of the Federal Reserve and wants to risk their own life and the lives of their families? 

Mon, 01/19/2015 - 20:08 | 5681688 negative rates
negative rates's picture

Well there is one guy but you gots to live on the dark side of the moon.

https://www.youtube.com/watch?v=Tpl6ncyxLGw

Mon, 01/19/2015 - 19:18 | 5681528 Barnaby
Barnaby's picture

Ron Paul: if they keep on making a dependable diaper will I run? Depends.

Mon, 01/19/2015 - 19:21 | 5681537 kchrisc
kchrisc's picture

Don't "audit" the Unconstitutional den of thieves, guillotine them.

The banksters need to repay us.

 

Guillotine the Fed!

Mon, 01/19/2015 - 20:30 | 5681771 goldenbuddha454
goldenbuddha454's picture

In his 20 plus years in congress, what did he do about auditing the FED?  NOTHING!

Another politician with great ideas, but no action.   The TEA Party needs to break off from the Republican Elitists and form their own party.

 

Mon, 01/19/2015 - 20:32 | 5681774 NoTTD
NoTTD's picture

So....Paul is mimicing Goebbels now?

Mon, 01/19/2015 - 22:01 | 5682087 DipshitMiddleCl...
DipshitMiddleClassWhiteKid's picture

this isnt happening!!

Mon, 01/19/2015 - 22:03 | 5682093 22winmag
22winmag's picture

The oil-soaked, spy-riddled Tea Party "movement" will ride to the rescue on a white horse with much fanfare.

 

Is it a "bowel movement" of the Republican party or something less odorous? The Tea Party never saw a war funding bill they didn't like.

Tue, 01/20/2015 - 17:28 | 5685486 Heavy
Heavy's picture

If you think we're untying this knot (Federal Reserve System) in an orderly manner you've gone completely off your rocker.  This ball of string will have to be sawed in half or better yet burned.

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