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Ron Paul's 'Audit-The-Fed' Swan Song Passes House, Unlikely To Pass Senate

Tyler Durden's picture




 

When Paul first introduced his bill a decade ago, it was written off as another piece of his far-flung libertarian worldview is how Politico juxtaposes today's (now successful) vote on Ron Paul's Fed Transparency Bill. "I want to appreciate and congratulate Dr. Ron Paul for his tireless pursuit of openness and transparency," said Rep. Jason Chaffetz (R-Utah). "Without his leadership, we wouldn’t be at this point today." Via Bloomberg:

  • *FED AUDIT BILL OPPOSED BY BERNANKE GAINS APPROVAL BY U.S. HOUSE
  • *FED AUDIT BILL NEEDS SENATE APPROVAL, PRESIDENT'S SIGNATURE
  • *FED AUDIT BILL SPONSORED BY REPRESENTATIVE RON PAUL OF TEXAS

 

 

 

Via Politico:

“I’m pleased. It’s something I’ve worked on for a long time, and it’s a good first step,” Paul told POLITICO. “It’s coming to the floor as a response to the American people, because I don’t have a whole lot of clout around here.”

 

Paul really doesn’t want this bill to be treated as his swan song in Congress, but to some extent this vote represents a coda to an eccentric congressional career. Paul’s movement has always been stronger outside the Capitol than inside it, yet the fact that at least one of his ideas is starting to break through shows that he may still have some clout on the national stage, even if he’s leaving the congressional payroll and ditching his presidential runs.

 

And even though a return to the gold standard, legalization of drugs and abolishing the Federal Reserve remain pipe dreams, Paul believes the traction on his Audit the Fed bill does validate his grass-roots, populist approach to monetary policy.

 

“I like to think of it more as verifying that my approach is a little bit different than just becoming a powerful player and having an influence, versus really changing people’s minds,” he said. “Events have also brought it about because these last five years have been so important to the economy. If the crisis hadn’t hit, I don’t think I could have gotten as much attention.

 

“Government reflects the people, sometimes that happens slowly,” he said. “When the American people get upset, Congress listens.”

and some useful comments from the opposers of the bill...

Never mind that the Fed audit is dead in the Senate — Majority Leader Harry Reid’s office has said he won’t bring it up.

 

There are still many Democrats who aren’t convinced, like Rep. Emanuel Cleaver (D-Mo.). “There is an audit of the Fed done every year. It’s not what Dr. Paul prefers, but I think the public has been misled in believing there’s no accountability. That’s not accurate,” Cleaver said. “I do think there are times when members will vote for something they don’t normally like as a tribute to members that are departing. Some of that may happen.”

 

And Hoyer said no matter how many Democrats are co-sponsors, he still thinks the bill is bad policy — and he’s urging Democrats not to support it.

 

“Whatever the motivation is, and however broad the sponsorship is, my own view is that it’s bad policy,” Hoyer told reporters on Wednesday. “It will undermine the independence of the Federal Reserve and will, therefore, undermine the competence in the Federal Reserve, which plays a significant role in stabilizing the economy and addressing the creation of jobs.”

and the full roll-call...

 

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Wed, 07/25/2012 - 15:07 | 2650324 lolmao500
lolmao500's picture

Good thing Harry Reid (who controls the senate) stole the election uh? (Remember, his SON ran the electronic voting machines in the state and before power went down, Reid was LOSING by quite a lot and... BOOM, power goes out, when it goes back on, Reid is winning... what a coincidence!)

Trillions of $$$ and thousands of corrupt banksters on the line... if you think they wouldn't rig an election over it, you're lying to yourself.

Wed, 07/25/2012 - 15:08 | 2650333 Precious
Precious's picture

One inept part of government investigating yet another part.  That ought to be effective.

Wed, 07/25/2012 - 15:12 | 2650352 Muppet of the U...
Muppet of the Universe's picture

Look at your Illuminati Card Deck bro.  RP's in there right up alongside Alex Jones.  & you know what?  R.P just doesn't do it for me anymore.

He can't kick it, like FA Hayak smashes it. www.youtube.com/watch?v=GTQnarzmTOc

Wed, 07/25/2012 - 15:19 | 2650389 hedgeless_horseman
hedgeless_horseman's picture

 

 

The Emperor: [laughing] Perhaps you refer to the emminent vote of your audit bill? Yes, I assure you, we are quite safe from your friends here.

Wed, 07/25/2012 - 15:21 | 2650406 TruthInSunshine
TruthInSunshine's picture

I eagerly await the reconciliation and passage of this legislation by the Senate, and then the signing of it into law by President Obama, with strong support from former President of the New York Branch of the Non-Federal Reserve-less Non-Bank and current esteemed Treasury Department Secretary, Timothy Franz Geithner.

 

 

/SARC

Wed, 07/25/2012 - 15:52 | 2650540 RSloane
RSloane's picture

Learn to pass the good shit around the room will ya, Truthy?

Wed, 07/25/2012 - 15:56 | 2650550 12ToothAssassin
12ToothAssassin's picture

IF this ever see's Abama's desk (and thats a big IF) it will then hit the brick wall of national security where it will die.

Wed, 07/25/2012 - 16:11 | 2650597 MillionDollarBonus_
MillionDollarBonus_'s picture

I've just got back from a meeting with a prominent committee of Occupy Wall Street activists. After a lengthy discussion and much thought, we decided that we will NOT be supporting this bill. The reasoning behind this decision is that the Federal Reserve does an important job regulating the financial industry, and we feel that any negative attention might damage this institution's ability to continue to do important regulatory work. In addition, the Federal Reserve is unable to pursue it’s dual mandate objectively if congress is interfering with their decision process and loonies like Ron Paul are constantly scrutinizing their every action. 

Wed, 07/25/2012 - 16:23 | 2650647 DaveyJones
DaveyJones's picture

and auditing an entity that services numbers and money is a dumb idea anyway

Wed, 07/25/2012 - 17:37 | 2650968 SheepRevolution
SheepRevolution's picture

Here is Harry Read, defending an audit of the Fed:

 

http://www.youtube.com/watch?v=oXOsZ7Ad7dM

 

Spread it!

Wed, 07/25/2012 - 18:25 | 2651141 AldousHuxley
AldousHuxley's picture

This is just political posturing.....making them look like they are fixing something to get re-elected while not accomplishing much

 

WHAT IS IT ABOUT THE FED THAT YOU DON'T ALREADY KNOW????

 

There is no need for audit. Fed is public about QE1,2,X and ZIRP until 2014, and now LIBOR.

Independence my ass. they are already politicized.

 

FORGET THE AUDIT, BRING IN ARREST WARRANTS AND PROSECUTION OF BANKSTERS.

Wed, 07/25/2012 - 19:54 | 2651391 The Gooch
The Gooch's picture

Awareness is a damn good start.

Seems to be a lot more of that lately.

Wed, 07/25/2012 - 16:28 | 2650668 trevorparsons
trevorparsons's picture

You're still here?

Wed, 07/25/2012 - 16:30 | 2650682 imbrbing
imbrbing's picture

lol, good one

Wed, 07/25/2012 - 16:47 | 2650753 ZackLo
Wed, 07/25/2012 - 16:52 | 2650771 Bicycle Repairman
Bicycle Repairman's picture

Hey Ron, thanks for the memories.  Have fun in your retirement.

<pomp and circumstance plays in background>

Wed, 07/25/2012 - 18:46 | 2651197 lolmao500
lolmao500's picture

What about get on the rooftops bitchez?

Wed, 07/25/2012 - 16:42 | 2650721 petolo
petolo's picture

You are  the real loon and i can refer you to a good taxidermist. Put it on my JPM Mastercard.

Sat, 07/28/2012 - 15:03 | 2659246 MeelionDollerBogus
MeelionDollerBogus's picture

LulZ - regulatory ... dual mandate ...

dual penetration is more like it.

OWS - MDB - lulz

oh, try harder MDB, try harder

 

Wed, 07/25/2012 - 15:53 | 2650541 HoofHearted
HoofHearted's picture

We should all send Harry Reid a piece of rope with the note, "Audit the Fed"

But he's so much of a dumb ass he probably wouldn't understand it.

Wed, 07/25/2012 - 19:07 | 2651251 AldousHuxley
AldousHuxley's picture

Occupy Boston.....

Protest at Federal Reserve Bank of Boston

 

http://www.youtube.com/watch?v=viRbHSPa-U8

 

next time bring molotov and burn that shit down along with fat pension pigs.

 

This is what boston pigs look like anyway....nazis

http://positiveleo.files.wordpress.com/2008/12/trooperjimigrasso_officer...

Wed, 07/25/2012 - 19:31 | 2651323 NoClueSneaker
NoClueSneaker's picture

Ed Markey voted "nay". He like FB, AAPL or NFLX.... :-(

 

Dunno, me pissed.

Wed, 07/25/2012 - 15:21 | 2650411 strannick
strannick's picture

Ron Paul. George Washington and the Republic that was America salut you.

Wed, 07/25/2012 - 15:50 | 2650525 AL_SWEARENGEN
AL_SWEARENGEN's picture

Ron Paul the educator questioning Timothy Geithner 07/25/2012

 

http://www.c-spanvideo.org/program/StabilityOv/start/3124/stop/3473

Wed, 07/25/2012 - 17:37 | 2650922 Daily Bail
Daily Bail's picture

Ron Paul Takes A Victory Lap Around The New York Fed While Crowds Chant: "End The Fed!"

This is a pretty awesome clip.  Fuck Harry Reid, can't we at least celebrate for a few minutes.

Wed, 07/25/2012 - 19:31 | 2651324 AldousHuxley
AldousHuxley's picture

http://www.youtube.com/watch?v=Bob4GwCL_MU

 

Rockefeller scared of Ron Paul when he hears of him for the first time

 

Rockefeller doesn't know about Ron Paul???

Wed, 07/25/2012 - 19:43 | 2651362 NoClueSneaker
NoClueSneaker's picture

Inbreeding made them authistic. Who TF is a Rockefeller ? Any contributions except sadism ?

Wed, 07/25/2012 - 16:22 | 2650637 HarryM
HarryM's picture

Would make the LIBOR scandal look like a girlscout cookie sale

Wed, 07/25/2012 - 15:20 | 2650404 Abiotic Oil
Abiotic Oil's picture

I'd be more concerned with the "Combined Disasters" card showing Big Ben exploding, with the Olympics and all.  The events at the Twin Towers and Pentagon were correctly predicted in the artwork on the cards "Terrorist Nuke" and "Pentagon" along with a bunch of other frighteningly prescient pictures.

Wed, 07/25/2012 - 15:27 | 2650444 Buckaroo Banzai
Buckaroo Banzai's picture

Big Ben exploding? You don't say. What time does Big Ben read here, at the 10 second mark?

http://www.youtube.com/watch?v=1AvDfaQjB5Y

HIDDEN IN PLAIN SIGHT

Wed, 07/25/2012 - 15:42 | 2650493 Muppet of the U...
Muppet of the Universe's picture

Now all we need to do is get some bets going on Intrade!!  ANY TAKERS?  PM me! 2.5k says Big Ben gets bombed/planed/dissapeared.

Wed, 07/25/2012 - 20:32 | 2651500 AldousHuxley
AldousHuxley's picture
From Dictatorship to Democracy

 

Gene Sharp

 

read it

Wed, 07/25/2012 - 15:47 | 2650507 12ToothAssassin
12ToothAssassin's picture

9:12? Are you implying that to be September of 2012?

Wed, 07/25/2012 - 15:45 | 2650500 yrad
yrad's picture

And down goes the market! Funny stuff...

Wed, 07/25/2012 - 15:46 | 2650501 yrad
yrad's picture

DP

Wed, 07/25/2012 - 17:37 | 2650972 Blankenstein
Blankenstein's picture

Muppet-

Bro I hope you aren't a Fed/Squid/Morgue troll just joining (2 weeks) to put up anti Paul propaganda in the guise that he is part of TPTB.  With the Senate vote coming up and the election in November it makes one wonder.

Wed, 07/25/2012 - 18:41 | 2651188 FreedomGuy
FreedomGuy's picture

You are kidding, right?

If Ron Paul is part of a grand conspiracy then Jesus works for Beelzebub.

Wed, 07/25/2012 - 15:20 | 2650399 55 men
55 men's picture

Dr Paul should have the senate bring this to the floor on Dec. 24th while everyone is home for christmas...... who knows, it worked once before.

Wed, 07/25/2012 - 15:26 | 2650438 fockewulf190
fockewulf190's picture

Perhaps only 1% of Americans are going to write in for Ron Paul come election day, but I for one am going to be proud to be a member of the 1%.

Obama or Romney at the helm will bring utter disaster. Keep stacking.

Wed, 07/25/2012 - 16:34 | 2650681 DaveyJones
DaveyJones's picture

while I admire his efforts, both parties must be destroyed before any meaningful healing. Why do we trust any entity to forward our interest when, by definition, their loyalty is to forward something else first. They have also proven over and over to be nothing more than a criminal arm of the multinationals  

Wed, 07/25/2012 - 17:05 | 2650836 mbarido
mbarido's picture

Here in Texas, unless at least one third party candidate gets on the November Ballet as a write-in, it is over, Texans will be unable to write in Ron Paul. Per county voting officials

Make no mistake, no write-in, no vote by me.  I am 60 (July 26, 1952) tomorrow and I have voted every general election since I could first vote at 20 (oversseas absentee twice)

No write-in for the only man that has any idea of the constitution or sound money, and I am out of here quickly.

Wed, 07/25/2012 - 19:45 | 2651369 jerry_theking_lawler
jerry_theking_lawler's picture

texas succession?? please, and bring the rest of the 'red' states with you....

Wed, 07/25/2012 - 17:08 | 2650841 mbarido
mbarido's picture

Posted twice - still do not have the hang of editing my text properly

Wed, 07/25/2012 - 15:28 | 2650448 Buckaroo Banzai
Buckaroo Banzai's picture

Actually it's worked a bunch of times before.

Wed, 07/25/2012 - 15:41 | 2650488 55 men
55 men's picture

I had a feeling somebody would say that....i was trying to be specific to a perticular date but i am sure you understood what I meant...nice catch though.

Wed, 07/25/2012 - 15:47 | 2650510 Troll Magnet
Troll Magnet's picture

yeah but then mr. goldman sachs himself (obama) still has to sign it.  

Wed, 07/25/2012 - 16:28 | 2650670 HardAssets
HardAssets's picture

"Dr Paul should have the senate bring this to the floor on Dec. 24th while everyone is home for christmas...... who knows, it worked once before."

Wrong time to go around the evil-ones-in-charge when theyre distracted . . . . better to bring the bill up on Halloween.

Wed, 07/25/2012 - 15:24 | 2650415 SMG
SMG's picture

I was a believer in the Ron Paul Revolution for a while, but have since come to the conclusion he was nothing more than a lighting rod to divert any real opposition to the Oligarchy.

Same old distractionary tactic "Oh the bill was so close, but those darn Senators wouldn't pass it".   Enjoy the puppet show peasants.

At least he did educate some, but alas too many people prefer their iCrap, and Dancing with the Muppets.

Somebody has too step up soon, or all us peasants will suffer dearly for our neglet of our country.

Who will it be? Maybe you?

 

 

Wed, 07/25/2012 - 15:37 | 2650464 BLOTTO
BLOTTO's picture

***For information:

 (You guys make up your own mind)

1. Doug Wead was Paul's 'senior campaign adviser'

 
Doug Wead has been a highly influential adviser of many Republican Presidents and hopefuls, going back all the way to Ronald Reagan. His main sponsors, however, have been the Bush Family. He has worked for them between 1984 and 2000. His most senior position was that of Special Assistant to President Bush Sr.

TIME magazine called Wead an insider in the Bush family orbit and "the man who coined the phrase 'Compassionate Conservative.' (wikipedia)

On june 5th Doug Wead wrote on his blog: "What was behind the broken bones, hysteria and bruised egos at last weekend's Louisiana State GOP Convention?  Why the attacks on legitimately elected Ron Paul delegates?   Don't the Romney folks get it?  Don't they want to win in November?  Don't they want and need the youth vote?  Hispanics?  Independents?  Even, the Democrats, that Ron Paul is attracting to the party?"

In short: the Paul Campaign is a Republican Campaign masquerading as 'Liberty Movement' and attracting the disenfranchised into the party for Romney. According to the highly influential GOP insider and Paul Campaign Adviser Doug Wead, anyway.

 

2. Ron Paul willingly and knowingly allows massive vote fraud.

 
The scale of this fraud is massive. It's so bad it might have actually cost him the nomination.

According to Dave Hodges on Farm Wars, "Even the New York Times admitted that the Republican Primaries in Iowa and Maine were stolen away from Ron Paul. Ron Paul was undoubtedly winning the Republican Primary in the early days.  However, as the nomination continued to be stolen, and the will of the people was being usurped, Ron Paul remained silent to this grand theft of the nomination process. Even in Louisiana, as Ron Paul was winning, the Louisiana Republican leadership, controlled by Mitt Romney minions, stole the Paul delegates and gave them to Romney and then proceeded to beat up and evict the Ron Paul delegates when they protested. Meanwhile, Ron Paul chastised the dissenters and admonished his followers to be polite."

Considering the enormous momentum that the Paul rallies showed, there is every reason to believe that Paul was actually the front runner in these primaries. Why did he allow the blatant and massive vote fraud? Why did he avoid the risk of winning?

 

3. Why do people say Paul is a 'Peace Candidate'?

 
Not only is he lying through his teeth about 9/11 and thus enabling the Empire in the Middle East, we can see how he feels about the Empire through his budget. Just look at his Restore America budget. Therein you will find, out of a trillion dollars worth of cuts, a paltry 15% will be taken from the pentagon, while 63% cuts will be made to food assistance, and 35% medicaid or -- 22% to life sustaining entitlement cuts across the board overall. Clearly, Paul values the financial viability of the empire's war apparatus more than he does for "useless eaters".

He will do away with food stamps for the poor during a depression with 22% unemployment, as a mere statist corruption of the free market, but he will continue the 500 billion Raptor Stealth fighter and all the other insanity that the US Army is feared for. It is exactly this kind of thing that gives Libertarians a bad name.

 

4. The Romney betrayal was planned long ago.

 
Analyses of the GOP debates show that in 20 GOP debates Ron Paul attacked Romney's rivals 39 times while never assailing Romney even once. http://thinkprogress.org/politics/2012/02/27/432664/ron-paul-never-attacked-romney/?mobile=nc

The above quote by Doug Wead is another case in point.

Just a month ago "Former Ron Paul staffer Lew Rockwell says that talk of an alliance between Mitt Romney and Ron Paul is an "establishment trick" to smear Paul by making him appear as a sell out."
http://www.infowars.com/insider-says-talk-of-paul-romney-alliance-is-establishment-trick/

Yet many people out there still cannot believe they obvious: they have been taken for a ride.

 

***I dont trust any of them - sorry and it is sad - but thats where the fuck they have lead me to, to - distrust them ALL. How can one not? HOW many more times we going to get duped?

Where is our REAL one (1) GOOD 'White Wiazard' we can really believe in?

Wed, 07/25/2012 - 16:00 | 2650562 knightowl77
knightowl77's picture

Of the things you mentioned, only DEFENSE is constitutionally mandated...welfare, food stamps, and life sustaining assistance are NOT legal under the Federal Government. Instead they have come under federal purview by stealing power and authority from the states, which is where those programs belong

Wed, 07/25/2012 - 16:30 | 2650683 Row Well Number 41
Row Well Number 41's picture

Defense is constitutionally mandated, but empire is not.  Even with a 15% cut we will still be spending twice all the rest of the world combined on our Military, only empires do that.

 

#41

Wed, 07/25/2012 - 16:50 | 2650762 John_Coltrane
John_Coltrane's picture

Some advice on your "informatiion": 

Better to not comment and be thought a fool than to comment and remove all doubt as well as all future credibility. 

 

Wed, 07/25/2012 - 23:30 | 2651921 Bringin It
Bringin It's picture

JC - you are the one playing the fool.  Let's call each other names?  Why is that useful?

Blotto's just telling it like it is.  If you have a problem with what he's saying, let's here it.

Calling Blotto a fool for raising and backing up some very good questions does not make you look good nor help the Paulistas.

Why did RP allow the blatant and massive vote fraud? in for example the Maine and Iowa caucuses?

Analyses of the GOP debates show that in 20 GOP debates Ron Paul attacked Romney's rivals 39 times while never assailing Romney even once.  Was RP running for real or was he part of the Romney team?  If he was for real, why did he never take on Romney over war or obama-care and assault gun bans under Romney's reign in Mass?

Wed, 07/25/2012 - 16:39 | 2650708 terryfuckwit
terryfuckwit's picture

absolutely this is just a bit of a half hearted thank you to Ron for selling his son to satan.. If it's possible to be anymore 2 faced than Obama believe me Ron would have done it if he ever got to power.. and yes i originall believed in him too. I often said I wished the brits had someone half as honest

Wed, 07/25/2012 - 17:54 | 2651033 iDealMeat
iDealMeat's picture

Who is Nigel Farage? fuckwit

Wed, 07/25/2012 - 16:51 | 2650754 HardAssets
HardAssets's picture

Ron Paul has educated a lot of people. For this he should be honored and appreciated. Many more are aware that the Federal Reserve even exists, than did before.

But like a lot of people, at the start of his campaign I knew it was a very long shot. The powers-that-be were not going to let Paul just walk in and toss out their trillion dollar money & power game. And they sure weren't gonna 'play fair'.  It would have taken an overwhelming number of the American people waking up to living in this system of fraud - - and that didn't happen. It probably would have taken some kind of miracle at this point in time.

So unfortunately, it looks like we will have to experience complete economic collapse and the full tyranny of an in-your-face police state. Maybe even something worse - - this morning Dr. Paul Craig Roberts called the UNITED STATES (or at least those neo-cons and criminals running it) the biggest threat to all life on this planet today. 

Ron Paul tried to educate people and get them to turn down another path. Most of them dont seem to want to go there.  At least not yet.  Maybe most Americans think its o.k. to be a slave - - - if that term isnt used, and you have plenty of mindless 'entertainment'.   Maybe those kids Paul educated and inspired will have more brains and heart than their parents.

Wed, 07/25/2012 - 23:40 | 2651980 Bringin It
Bringin It's picture

When "austerity" hits home people will have to snap out of it ... won't they?

I have read descriptions of Austria prior to Germany taking over.  People were dumb-founded and desperate, having discovered that their money could not buy them food.  In this destabalized environment, the Nazi police state was welcomed as it brought order and eased fears about where the next meal was coming from.

Now that the RP fairytale is over, I guess that's where we're going.

Wed, 07/25/2012 - 15:46 | 2650503 Stoploss
Stoploss's picture

That's ok Ron, rest up, you are about to have more clout than you realize.

This aint about red or blue, it is about you!

Wed, 07/25/2012 - 15:10 | 2650344 SheepRevolution
SheepRevolution's picture

Dear Americans, please call and e-mail your senator right now and up until the Senate votes! Explain what the Fed is if they don't know and explain their corrupt and secretive history. Make this happen! We over here in Europe have absolutely zero oppurtunity yto make anything similiar.

Wed, 07/25/2012 - 15:15 | 2650353 Joe Sixpack
Joe Sixpack's picture

I am more interested in what happens at the Repub convention in Aug at this point; though this may help. I hope his delegates and a lot of Mickey's turn on Mickey and elect Ron Paul as the Repub candidate.

Wed, 07/25/2012 - 23:43 | 2651990 Bringin It
Bringin It's picture

That would be a great outcome.

Under those conditions,

I would consider my c-note well spent.

Wed, 07/25/2012 - 15:26 | 2650439 HyperLazy
HyperLazy's picture

I just called my two senators and told them whats up. I have no issues chit chatting with the phone attendants, lay on a little articulation and eloquence in a calm demeanor which helps.

About a year ago I called one of my represenatives and the phone attendant wanted to debate my austrian perspective against his college keynesianism. To end the debate I used the phrase, "You cannot have infinite growth in a finite sphere. Now do your job and pass on my concerns to the honorable so and so." haha

Wed, 07/25/2012 - 15:51 | 2650531 UP Forester
UP Forester's picture

I would call my senators, but I don't have $500K to kick in to swing their vote.

I would congratulate my congressman, but he was going with the flow, seeing that this would be DOA.

I would think of voting for Dr. Paul in the fall, but that is not to be.

Instead, if I vote, I'm going to vote for the most bought-off, corrupt, spendingest rat-finks on the ballot, just to get the shit-storm rolling quicker.

There's not a thing anyone can do with this existing system, and a fair chance that with a total re-boot the next system can stay sane, for a little while at least....

Wed, 07/25/2012 - 15:49 | 2650518 Big Corked Boots
Big Corked Boots's picture

I called Senator Lautenberg, but his aide said he was napping.

I called Senator Menendez, and his aide said he was stealing.

So much for providing Valuable Input from the Citizens.

Wed, 07/25/2012 - 15:49 | 2650519 kito
kito's picture

please dont be so naive...mainstream republicans have no intention of auditing the fed....this is a gift to ron paul from romney, who needs his support and votes...this is nothing more than placating mr. paul during election season.....the republicans know full well that the bill will end up dead, so why not throw mr. paul a bone?.................please remember, there is no "left" and "right", stop buying into this false paradigm.......its bread and circuses.....both parties ARE BOUGHT BY THE SAME PUPPET MASTERS!!!!!!!!!!!!!!!!!............................

Wed, 07/25/2012 - 17:00 | 2650807 John_Coltrane
John_Coltrane's picture

Yes, action, not bitching and moaning about that bastard Reid.  I called my reps earlier today and the phone person said that my Rep was a co-sponsor and they had been flooded with calls on this bill.   I'm guessing it was partly due to Campaign for Liberty, Ron's PAC.  These people are more dedicated and persistent than the NRA (and I belong to both orgs)!  If the senate thinks they can bury this bill without a floor fight they are out of their minds.  Campaign for liberty is to freedom as the NRA is to gun freedom-single mined obsessive maniacs.  Dig it and get get in contact with your senator.

Big spending Senators love the FED since they know they artifically manipulate interest by monitarizing debt and don't want any transparency. 

Wed, 07/25/2012 - 15:13 | 2650365 Bartanist
Bartanist's picture

Of all the corrupt government elections, the Nevada election that got Harry Reid fraud has to be the worst. He is a complete *ssh*le and was losing lby something like 17 points in the polls pre-selection and then the election night fraud SHOULD have shown every citizen of the United States of America Republic that the government has been completely hijacked and no election should be considered honest.

The USA has become the USF (United States of Fraud). Why not just make the name official. It won't even take a constitutional amendment because Congress seems to have forgotten that it requires AMENDMENTS to change the constitution.

creepy ... yech.

Wed, 07/25/2012 - 23:50 | 2652008 Bringin It
Bringin It's picture

John Coltrane will fix it. /sarc

Wed, 07/25/2012 - 15:21 | 2650410 Bearish News
Bearish News's picture

Just threw up in my mouth. Thanks.

Wed, 07/25/2012 - 23:51 | 2652010 Bringin It
Bringin It's picture

Too much information (TMI)

Wed, 07/25/2012 - 15:31 | 2650460 centerline
centerline's picture

Audit or postmortem.  In the end, the math is going to win.  And judging by events of the last year or so, we are pretty close to the end anyhow.

Realistically, if there were an audit, the results would sealed shut and locked away for 50+  years.  The public would get reports with black magic marker over 90% of the text.

Wed, 07/25/2012 - 15:49 | 2650524 kralizec
kralizec's picture

Harry Reid eats monkey balls!  &%$# Bastard!

Wed, 07/25/2012 - 15:53 | 2650542 JimBowie1958
JimBowie1958's picture

Nevada election rigged? lolmao, do you have a link to a site that verifies the details of what you are claiming  here?

Should this check out, I dont want to expect my friends to just take my word for any of this.

Wed, 07/25/2012 - 15:59 | 2650556 blunderdog
blunderdog's picture

Why bother worrying about one measly little Senate seat? 

Just ask your friends if they believe USian elections are executed fairly by competent people and produce trustworthy results.

If they say YES, find new friends.

Wed, 07/25/2012 - 16:50 | 2650763 JimBowie1958
JimBowie1958's picture

So no one has a link to a valid source of information to validate what has been claimed?

That makes it smell like bullshit.

Wed, 07/25/2012 - 16:59 | 2650801 blunderdog
blunderdog's picture

Read the disclaimer/disclosure policy.  It's best to assume everything is bullshit until you've found actual data on your own. 

Everyone is just another plant/shill/crony/dupe for something or other.

Wed, 07/25/2012 - 20:55 | 2651568 lolmao500
lolmao500's picture

Do your own research. I was there during the election I've seen it all live.

Wed, 07/25/2012 - 21:10 | 2651601 blunderdog
blunderdog's picture

Why would I?  I *know* our elections are a joke. 

We haven't run a proper NATIONAL election in over a decade.  Why anyone would be surprised that a state-level election is fucked up is baffling to me.

Thu, 07/26/2012 - 10:15 | 2653005 JimBowie1958
JimBowie1958's picture

Thanks, but I am referring to Nevada specifically. I know there is plenty of fraud that goes on already. I had not read this about Nevada and I suspect the original poster of using a heavy dose of hyperbole.

Sat, 08/04/2012 - 01:10 | 2677560 Bringin It
Bringin It's picture

Weak

Wed, 07/25/2012 - 15:07 | 2650325 koaj
koaj's picture

call Harry Reid and tell him to bring it to the floor

 

Phone: 202-224-3542 / Fax: 202-224-7327

 

of course last time the senate voted on this, Waddell & Reed sold some S&P minis and the Dow lost 1000 points...may 6 2010

Wed, 07/25/2012 - 15:12 | 2650360 azzhatter
azzhatter's picture

Called and faxed the slimy cocksucker. Washing my phone now with ammonia

Wed, 07/25/2012 - 15:39 | 2650485 Vincent Vega
Vincent Vega's picture

+1 for the 'slimy cocksucker' part of your comment.

Wed, 07/25/2012 - 15:14 | 2650374 lolmao500
lolmao500's picture

Beautiful... Flash crash live on the floor...

http://www.youtube.com/watch?v=E1xqSZy9_4I

Wed, 07/25/2012 - 15:19 | 2650395 LMAOLORI
LMAOLORI's picture

 

 

He won't do that he wants the Fed to help obama

 

Democrats warn Rep. Paul's 'audit the Fed' bill will politicize monetary policy

http://thehill.com/blogs/floor-action/house/239821-dems-warn-pauls-audit-the-fed-bill-will-politicize-monetary-policy

 

FRIGGIN HYPOCRITES

 

Schumer Pushes Fed Toward QE3, Tells Bernanke 'Get To Work Mr. Chairman'

http://www.forbes.com/sites/steveschaefer/2012/07/17/bernanke-to-hint-at-more-stimulus-gold-doesnt-think-so/

Thu, 07/26/2012 - 00:01 | 2652038 Bringin It
Bringin It's picture

While the 2-party system is a fake in that both parties have the same financial backers, I do believe the parties compete for real, within the confines allowed by their owners.

So Obammy wants to juice the economy to ease his plan to stay where he is.  Is there a quid-pro-quo here?  Super corrupt Reid sits on the bill and Obammy gets his juice.  Will know soon.

Wed, 07/25/2012 - 15:07 | 2650326 Snakeeyes
Snakeeyes's picture

Dirty Harry and the Dems are complicit in the destruction of the financial system.

Wed, 07/25/2012 - 15:14 | 2650372 The Monkey
The Monkey's picture

The Republicans have certainly done their part as well, but no one is as culpable as the central banks. I'll give the House some kudos for passing the bill though. Hard to have imagined just months ago.

Wed, 07/25/2012 - 15:07 | 2650330 pingpongthesecond
pingpongthesecond's picture

I say abolish the FED not audit the FED. With auditing comes political muppetry. 

Wed, 07/25/2012 - 15:10 | 2650346 Haager
Haager's picture

Stay calm, just do one thing after the other. 

Wed, 07/25/2012 - 15:54 | 2650496 financial apoca...
financial apocalyptic contagion's picture

It will be too late if it isn't already

It needs to end now

Wed, 07/25/2012 - 15:07 | 2650332 bankonthebust
bankonthebust's picture

Fuck Yes!

Wed, 07/25/2012 - 15:08 | 2650334 cougar_w
cougar_w's picture

It will take the Senate 2 hours to rehypothecate this into a basement closet.

Wed, 07/25/2012 - 15:08 | 2650335 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Because the Democratic party stands for Transparency and Accountability?

Hah!

(If you think about it, you probably have the option of inserting "Republican" above).

Wed, 07/25/2012 - 15:08 | 2650336 doc_in_the_house
doc_in_the_house's picture

Fed OPPOSES, wants to keep a SUBPRIME BLACK BOX. 

 

http://www.marketwatch.com/story/house-passes-ron-pauls-audit-the-fed-bill-2012-07-25-1591034?link=MW_home_latest_news

 

in Oh-STUPID, ODUMMER'S words: YOU gotta buy it and you can't find out what's in it!!

LOL !!!!! ROFLMAO !!!!

Wed, 07/25/2012 - 15:08 | 2650338 WALLST8MY8BALL
WALLST8MY8BALL's picture

The quintesential on Harry Reid via Urban Dictionary

http://www.urbandictionary.com/define.php?term=Harry%20Reid

you may also want to look up calcutta custodian!

Wed, 07/25/2012 - 15:10 | 2650345 TrustWho
TrustWho's picture

All ZeroHedgers must call their two Senators and DEMAND JUSTICE!

Wed, 07/25/2012 - 15:13 | 2650363 surf0766
surf0766's picture

As long as we are not demanding social justice ...

Wed, 07/25/2012 - 15:13 | 2650364 Joe Sixpack
Joe Sixpack's picture

Sure let them know who you are and where you live. Makes it easier to pick you up and take you to the FEMA camp.

Wed, 07/25/2012 - 16:41 | 2650712 dark pools of soros
dark pools of soros's picture

the FEMA camps will be full of the bankers and political crooks soon..  military coup coming says good man Drake

Wed, 07/25/2012 - 15:19 | 2650396 1100-TACTICAL-12
1100-TACTICAL-12's picture

We are well past the point that calling your 2 senators will accomplish a damn thing. But I will call my 2 senators anyway CROOK"S how's that?

Wed, 07/25/2012 - 15:12 | 2650354 Bay of Pigs
Bay of Pigs's picture

The Senate will kill this bill or pass something completely watered down.

Nothing will come of this.

Wed, 07/25/2012 - 15:25 | 2650435 Vagabond
Vagabond's picture

The sky will be blue tomorrow.

Wed, 07/25/2012 - 15:12 | 2650355 resurger
resurger's picture

Go Ron! God Speed in auditing the fraud.

Wed, 07/25/2012 - 15:12 | 2650356 YesWeKahn
YesWeKahn's picture

When the bill is in front of Obama, he will say: "shit, my printer is gone"

Wed, 07/25/2012 - 15:24 | 2650430 LMAOLORI
LMAOLORI's picture

 

 

obama already said the bankers did nothing criminal LMAO

THE CHICAGO WAY: JUSTICE FOR SALE AT HOLDER'S DOJ

Wed, 07/25/2012 - 15:12 | 2650357 yogibear
yogibear's picture

Seriously, anyone think their more powerful than the banksters and the Fed?

The Bankster cartel controls everything. Wonder why there are so many banks and why they usually have the biggest buildings?

How many have been prosecuted for illegal activities?

Wed, 07/25/2012 - 15:26 | 2650442 earleflorida
earleflorida's picture

"We the People" 

do you get it! ___ ie., south park's bottom bitch

Wed, 07/25/2012 - 19:28 | 2651318 unununium
unununium's picture

Congress created the Fed, and Congress could end it.

To quote the dowager of Downton Abbey: "Don't be defeatist.  It's so middle class."

Thu, 07/26/2012 - 00:07 | 2652046 Bringin It
Bringin It's picture

Congress created this thing called the Fed, which wound up eating Congress.  Yes, the MoneyPower of the Fed ate our Congress and all the rest of our government.  So no, the odds of Congress inhibiting the Fed in any real way any time soon is wishful thinking only.

Wed, 07/25/2012 - 15:13 | 2650362 Seasmoke
Seasmoke's picture

why audit, what we already know !!!

Wed, 07/25/2012 - 15:17 | 2650384 GlomarHabu
GlomarHabu's picture

We do?

Wed, 07/25/2012 - 15:25 | 2650434 SoNH80
SoNH80's picture

Sort of.  GAO Report: Read p. 218  for the real meat & potatoes.  The figures are in Billions.

http://www.gao.gov/new.items/d11696.pdf

Wed, 07/25/2012 - 16:32 | 2650691 FRBNYrCROOKS
FRBNYrCROOKS's picture

wow!!!

We should pass S 202, the Senate version of the bill, just to fuck with them.

Wed, 07/25/2012 - 15:13 | 2650366 azzhatter
azzhatter's picture

Well, let's see if the most transparent admin in history will follow thru on this

Wed, 07/25/2012 - 15:14 | 2650368 Bastiat
Bastiat's picture

It's terroristic and un-american to light up cockroaches.

Wed, 07/25/2012 - 15:14 | 2650371 orangedrinkandchips
orangedrinkandchips's picture

Can you imagine what we'd find?

 

A SHITLOAD OF SECURITIES THEY HAVE BEEN BUYING TO SUPPORT THIS FUCKING MARKET....

 

REALLY...WHERE DOES 35B A DAY GO? REALLY.....

Wed, 07/25/2012 - 15:29 | 2650452 Vagabond
Vagabond's picture

I imagine we'd find a lot more dealing with "loans" to foreign central banks and the multinational big banks.  (mostly primary dealers?)

 

Currently, the GAO is prohibited from auditing:
1. transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
2. deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations
3. transactions made under the direction of the Federal Open Market Committee; or
4. a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)-(3) of this subsection of US Code.

Wed, 07/25/2012 - 15:35 | 2650475 centerline
centerline's picture

We would find the real beneficiaries of the central bank.

Thu, 07/26/2012 - 00:09 | 2652049 Bringin It
Bringin It's picture

Bada Bing!!

Wed, 07/25/2012 - 16:19 | 2650604 razorthin
razorthin's picture

More importantly, where does the "money" come from?  They just upped a cheeseburger to $1.50.  It once was the most scrumptious decadent morsel on the dollar menu.

Drought my a$$  That's 50% inflation.

Wed, 07/25/2012 - 15:14 | 2650373 blunderdog
blunderdog's picture

The House of Commons...er, Representatives...has never been overly relevant.  The Senate's job is to prevent those guys from fucking things up.

Wed, 07/25/2012 - 15:17 | 2650388 Joe Sixpack
Joe Sixpack's picture

The Senate did not prevent them from appointing the Fed in 1913.

Wed, 07/25/2012 - 15:31 | 2650463 blunderdog
blunderdog's picture

Remember who they WORK FOR.

Wed, 07/25/2012 - 15:15 | 2650375 GlomarHabu
GlomarHabu's picture

You can bet the FED will never get an audit ..you can also go long on the guv'ment flying drones over your holiday barbeque, the NSA tapping everything you do electronically, the local police making all cops into SWAT freaks, the UN/ socialist Democratic Party/Obama attempting to circumvent the Second Amendment .... there isn't an end to the list ...feel free to add.....

Wed, 07/25/2012 - 15:28 | 2650445 pingpongthesecond
pingpongthesecond's picture

And somehow you have moreprivacy in the US than the NL...

Wed, 07/25/2012 - 15:27 | 2650446 Hype Alert
Hype Alert's picture

Those aren't predictions, those are headlines.

Wed, 07/25/2012 - 15:15 | 2650379 printmoremoney
printmoremoney's picture

Audit the Fed? Then TERMINATE THE FED.

Rise from the Grave, JFK and create a US Treasury Dollar.

Let the FED stand on their own as a Private Bank and even keep their international Ponzi Cartel US "Federal Reserve Note", if they are so smarty pants. See who wants to own it once it is worth less than toilet paper.

If they are insolvent, let the MFerz go bankrupt. Bernak can apply for asylum in China and they can feather his bed with the trash money he has printed. He will be a God in the Central Planners paradise known as China.

Pipe Dream? says Politico.

Living with Sound Money and Banksters Criminals in Jail sounds better than the nightmare we are in.

 

 

Wed, 07/25/2012 - 15:19 | 2650398 Joe Sixpack
Joe Sixpack's picture

AbolishTheFed.info

RepealTheFed.net

RevokeTheFed.com

Wed, 07/25/2012 - 15:16 | 2650380 El_Puerco
El_Puerco's picture

Nice Done!...

Los senadores tienen gran mañas para pararlo..

Call every one!...

Note: c/p,,{AUDITING the Federal reserve will prove nothing.

AUDITING OUR GOLD DEPOSITORIES would be a good start.
Buying gold is a PONZI scam. Our gold reserves were looted
years ago by the big banks. (AUDIT FORT KNOX) and other gold
depositories. This gold was melted into coins and offfered
to you for sale at highly inflated gold rate. You were told
“YOU NEED TO BUY GOLD FOR YOUR PORTFOLIO”. You continue to buy
gold. The price of gold inflates. so, when the monitary system
does collaspe and you need your gold to purchase food and other
survival items, the value of your gold deflates to record lows.
The banks then buy back your gold at the deflated rate in exchange
for the new counterfeit currency du jour. They should also be voting
on ENDING THE FEDERAL RESERVE>}....

Who wants to comment?....

Wed, 07/25/2012 - 15:24 | 2650433 Bastiat
Bastiat's picture

"highly inflated gold rate"

What is that supposed to mean?  Were you trying to say: "highly inflated dollar price?"  Highly inflated in terms of what?  Silver? Oil?   

The dollar is what has been highly inflated (by definition!) and the increase in the dollar price of gold has, despite suppression, partially reflected that.

Thu, 07/26/2012 - 00:15 | 2652058 Bringin It
Bringin It's picture

Well, who is more believable?  Ben and Friends or the ChiComs?

Wed, 07/25/2012 - 15:16 | 2650381 Cursive
Cursive's picture

Another blow to the banksters' power.  Keep choppin' wood....

Wed, 07/25/2012 - 15:18 | 2650390 lolmao500
lolmao500's picture

Kucinich kicking asses on the floor of the house yesterday...

http://www.youtube.com/watch?v=H5vrlzbe1Zs

Wed, 07/25/2012 - 15:17 | 2650391 tu-ne-cede-malis
tu-ne-cede-malis's picture

Harry Reid has never worked a day in the private sector and is worth millions.

Wed, 07/25/2012 - 15:18 | 2650393 youngman
youngman's picture

Unfortunatly this will just be more money in the politicians pockets as the bankers will pay them off with campaign donations to stop this...

Wed, 07/25/2012 - 15:25 | 2650436 dwdollar
dwdollar's picture

Why do you think it's gotten this far in 2012?

Wed, 07/25/2012 - 15:19 | 2650397 lolmao500
lolmao500's picture

Would it be possible for other senators to tell Harry Reid : LISTEN YOU FUCKER, YOU BRING THIS BILL ON THE FLOOR RIGHT NOW OR WE AIN'T GONNA VOTE ON ANYTHING ELSE TILL THE BILL IS VOTED ON!

Wed, 07/25/2012 - 16:01 | 2650567 BeetleBailey
BeetleBailey's picture

lolmao......no.

Reid is a useless, lying fuck that is a fucking leech on the American people.

*He's worth millions, yet the prick hasn't worked in the private sector at all.

*He stole the election out there with his prick son at the controls; and it took a power outage to do it. No one complained.

*This donkey dick hasn't put forth a budget in years - so what's this? An audit? We can't have our Ponzi audited???!!!

No...Harry Reid - like most of these fucking thieve/pricks - is a stain on the land.

Until people by the millions march on Washington and demand change - shit ain't going to happen.

Here' hoping the fucker Reid's heart explodes..soon. The fucker.

Wed, 07/25/2012 - 15:24 | 2650401 Mercury
Mercury's picture

Gee...what a perfect time to connect the dots between the LIBOR manipulation "scandal" and the Fed's #1 policy and manipulated rate.

You want this thing to get traction in the Senate? Start running ads on TV showing  this.

 

Then show retirees in rags, circa 2014, licking the insides of empty cans of ZIRP.

Wed, 07/25/2012 - 15:19 | 2650403 Ignatius J Reilly
Ignatius J Reilly's picture

I like the Paul character.  He should run for President.

 

If this gets throught he Senate, any takers on what the final product will be?

 

a) Congress must visit the exterior of the Federal Reserve annually

b) Congress must find the Federal Reserve on a map, annually

c) Congress must be able to answer a True/False question The Fed exists? T/F

d) Congress must send an intern to find the Federal Reserve on a map

Wed, 07/25/2012 - 15:20 | 2650407 virgilcaine
virgilcaine's picture

Bill Clinton also... Bankrupt in 1999 & out of Office.. Now a multimilliionaire.

Wed, 07/25/2012 - 15:32 | 2650466 SoNH80
SoNH80's picture

He makes a lot of money speaking at rubber chicken dinners at $500K a pop, his "friends" have rewarded him handsomely for faithful service to the cause.

 

Wed, 07/25/2012 - 15:21 | 2650409 ChacoFunFact
ChacoFunFact's picture

Don't audit the FED, tax it.

Thu, 07/26/2012 - 00:19 | 2652066 Bringin It
Bringin It's picture

That's pretty funny.  They fear no paper/digit tax when they can just print up whatever paper/digits they want.

Wed, 07/25/2012 - 15:21 | 2650413 yrad
yrad's picture

RP is my POTUS

Lets see if I can, as a delegate in Tampa, get him there!!!

Wed, 07/25/2012 - 15:21 | 2650414 yrad
yrad's picture

RP is my POTUS

Lets see if I can, as a delegate in Tampa, get him there!!!

Wed, 07/25/2012 - 15:22 | 2650416 tahoebumsmith
tahoebumsmith's picture

Time to find out who is really in control of this country. The Vote outcome will speak for itself.

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