Push to audit Federal Reserve gains steam

maxrule · Mar 17, 2009

So, who is going to win this fight, the Federal Reserve (High Priests of Satan) or the US Congress?

This is exactly what needs to happen but I bet it never does.

Did anyone see this on Fox or MSNBC, CNN????

Push to audit Federal Reserve gains steam

Lawmakers join call to examine nation's money controllers

A bill calling for the comptroller general of the United States to audit the private Federal Reserve is gaining momentum in Washington, D.C., as more and more representatives add their names to its bipartisan support.

As WND reported, U.S. Rep. Ron Paul, R-Texas, introduced last month H.R. 1207, the Federal Reserve Transparency Act of 2009, a bill requiring that an audit of both the Fed's Board of Governors and the Federal Reserve Banks be completed and reported to Congress before the end of 2010.

Paul was joined at the time of introduction by 11 other Republican and Democratic co-sponsors.

Since its introduction, 17 additional U.S. representatives have added their names as co-sponsors, bringing the total to 29 legislators seeking the audit.

Rep. Paul has been a harsh critic of the Federal Reserve, even seeking to abolish the private money-control system, arguing that Congress should "reassert its constitutional authority over monetary policy."

The Constitution, Paul said, gives Congress, not the private Federal Reserve, "the authority to coin money and regulate the value of the currency."

(Story continues below)
http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=91999
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Check it out...

On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.

The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has YET TO BE ACTED ON.

The Federal Reserve-A Corrupt Institution

"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.

"This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.

"Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.

"These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky's passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky's disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. "Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.

"In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.

"We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the "King's Bank" to control us from the top downward, and from the cradle to the grave.

"The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sough to save us.

http://home.hiwaay.net/~becraft/mcfadden.html
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aaronman · Mar 17, 2009

maxrule said:

So, who is going to win this fight, the Federal Reserve (High Priests of Satan) or the US Congress?
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The Fed has too many lackys. Sad, but I put my money on the high priests of satan. Maybe if we had a noble President to lead the sheep, but Obama's reigns are fastened.

Lest we forget, the last President who wasn't a BITCH:

Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out.

Andrew Jackson, Slayer of Central Bank #2
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Civil unrest, tax protests, secession... the only way out.

Floyd Y 420 · Mar 17, 2009

Hopefully Congress..

Sam_Spade · Mar 18, 2009

What happened to free market capitalism?

Going to let big ol' scary government come in and fuck with things, just because you don't like the way things the top dog is playing the system?

aaronman · Mar 18, 2009

Sam_Spade said:

What happened to free market capitalism?

Going to let big ol' scary government come in and fuck with things, just because you don't like the way things the top dog is playing the system?
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Um, you're a little late. Free market capitalism died a looong time ago.

America just keeps up the facade so you'll accept our dollars.

Sam_Spade · Mar 18, 2009

aaronman said:

Um, you're a little late. Free market capitalism died a looong time ago.

America just keeps up the facade so you'll accept our dollars.
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Isn't that the pinnacle of the true elite class though?

aaronman · Mar 18, 2009

Sam_Spade said:

Isn't that the pinnacle of the true elite class though?
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Its the graph of moral hazard and the resulting bailouts. If the elite class cannot fail ("too big to fail" "lender of last resort"), it is not a free-market.

Sam_Spade · Mar 18, 2009

aaronman said:

Its the graph of moral hazard and the resulting bailouts. If the elite class cannot fail ("too big to fail" "lender of last resort"), it is not a free-market.
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It seems free to me. They're free to run it the way they see fit, because nobody else has the entrepreneurial resource to compete.

aaronman · Mar 18, 2009

Sam_Spade said:

They're free to run it the way they see fit, because nobody else has the entrepreneurial resource to compete.
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Well first you have to determine who you mean by "they". If you can trace any private monopoly back to political favors, subsidies or anti-competitor legislation, then it is not fair game.

For example, DuPont and the prohibition of Hemp... a public/private conspiracy to secure profits, not a free market.

I'd be impressed if you could provide an example of an exploitative American monopoly that did not arise through political clout.

maxrule · Mar 18, 2009

aaronman said:

I'd be impressed if you could provide an example of an exploitative American monopoly that did not arise through political clout.
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Exploitative American monopolies and political clout do seem to go hand in hand.

Sam_Spade · Mar 18, 2009

aaronman said:

Well first you have to determine who you mean by "they". If you can trace any private monopoly back to political favors, subsidies or anti-competitor legislation, then it is not fair game.

For example, DuPont and the prohibition of Hemp... a public/private conspiracy to secure profits, not a free market.

I'd be impressed if you could provide an example of an exploitative American monopoly that did not arise through political clout.
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Why is political clout not fair?

To me that seems the epitome of a free market. Nobody is imposing arbitrary boundaries to these entities to prevent them from going as far as they can go. It seems like socialist regulation to try and prevent this.

I can't help but thinking of analogies including the board game Monopoly; but I don't want to patronize.

aaronman · Mar 18, 2009

Sam_Spade said:

Why is political clout not fair?
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Because they are using coercion, it is not free exchange between consumers and producers.

It seems like socialist regulation to try and prevent this.
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I'm not sure what you mean by socialist regulation. In a free market the private sector is regulated through laws punishing fraud and coercion. Is socialistic regulation the prevention of fraud through coercion?

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Push to audit Federal Reserve gains steam

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Sam_Spade Captain of the USS Buttocks

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Push to audit Federal Reserve gains steam

maxrule keeper of the faith

aaronman n'wah

Floyd Y 420 Anarchism

Sam_Spade Captain of the USS Buttocks

aaronman n'wah

Sam_Spade Captain of the USS Buttocks

aaronman n'wah

Sam_Spade Captain of the USS Buttocks

aaronman n'wah

maxrule keeper of the faith

Sam_Spade Captain of the USS Buttocks

aaronman n'wah

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