Ron Paul - Audit the Fed

[now2gold]

A great man

[RenegadeTimes]

Audit the Fed ...End The Fed...ummm

it did sell some books..ahhh your senate at work

for themselves..bravo ! lol

[terr547]

And audit of the Fed is an abolishment of the Fed. We have your back Dr. Paul, and we will protect you.

[TheLayla0110]

The Federal Reserve should be audited. They should be as transparent as the Corporations in this country.

How do we change our government? We need to come together as our fore fathers before us and stop this?

[jblcva]

People clamor for H.R. 1207 I also support

this. I am not sure people want to know how

deep the rabbit hole goes???? This legislation

isn't likely to pass. Both sides are dirty.

[RonRepublican]

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

[orangedac]

Ron Paul's "Audit the Fed" bill will be watered down and/or delayed indefinately by politicians receiving election donations from banks like barney frank & pelosi.

So don't get your hopes up.

[comboverchum]

The us shuld pay for the war.and not small rich coutries allreay paid.Take the bastards and do whatever.

[comboverchum]

The US policy is very scary.And it is making refugees coming to the wrong places

[greatbroad]

I used to have "Impeach Bush - Cheney Now" on my long window box.

I'm seriously thinking of putting up: " Audit the Fed"

[JimTL1000R]

that would be a great start! LOL

Mine says "Fuck income tax and fuck the banks".

[teddyboink]

5 stars for Ron Paul

[soccom8341576]

And if they refuse the necessary audit, then you just have to stop funding it.

Who exactly will go and audit the Federal Reserve? Any other government agency is unlikely to be fair enough, if we don't know about them. I would hate to see the Fed auditing itself. And the FBI is just out of the question. Look what they did to 9/11.

Who will Congress approve?

[purplecharger88]

Dunno, seeing as the FED is regularly audited by the GAO I would assume they would do it unless something else is suggested in Paul's bill.

[soccom8341576]

Hmmm.... Sure this thing is gaining speed. I think transparency is a necessity because a free and open society needs checks and balances. After all, they seem to try hiding more and more.

I have a better plan. Let's audit every part of government once and for all!

But they will say...

"National Security", access denied.

What do you do then?

Let's go sue the Federal Reserve for being the single LARGEST national threat with actions that lead to economic problems weakening the national economy.

[libidoguru]

Why shouldn't they audit the Fed in any case???

[humanist7117]

Who is "they?"

[libidoguru]

Now that's a good question! I figured members of Congress? ...I have no idea who..

[freesk8]

Wonderful!

Audit the Fed!

[humanist7117]

Who would you have do the auditing?

[freesk8]

Wow, great question!

It would have to be a private accounting firm that did not accept US government funding.

Perhaps a big, European accounting firm?

I'm not sure I'd trust the CBO with the job.

[InTheSticks1881]

Now that was some 'down to earth' Texas straight talk.

[edewit08]

Greetings from Finalnd.

God bless Ron Paul in auditing the Fed & sound money based on metals.

[ledwalrus]

Why not? Why not audit an institution whose very legitimacy is predicated on the belief that it's independent of political whims? Why not take the control away from MIT-trained economics professors and give it to a medical doctor and the narcissistic bubbleheads who were elected by the ignorant masses? Why not ask Americans if they would rather loosen or tighten monetary policy, and have them text their answers during commercial breaks for American Idol?

Hell, why not audit the Supreme Court?

[WellIAMScottish]

I don't think you understand how governance really works. It's well and fine to want to inspect everything you think is wrong, but you are completely missing the nuanced complexity of the system. It's not so much about greedy bureaucrats VS the proletariat. It's not even close to that simple. The French Revolution is a classic example. Please learn about it. Class struggle comes in many forms. Often, it's paradigms that are responsible for mass suffering and corruption. Change the paradigm!

[HeatForce]

sorry should be: ...isn't it truly wonderful? A man who believes that we have the right to live the way we want to- not the way he wants us to.

[WellIAMScottish]

Re-reading your comment, I seems you were being sarcastic and I took your words literally in my previous response.

[ledwalrus]

No worries--after all, you ARE Scottish. :)

I fully support of a well-informed bureaucracy making some important decisions that can't be left to the ignorant masses. I think such a system works especially well in a country like the US, where a robust private sector helps ensure that talented, materialistic people can make their money in private industry, and talented, socially-concerned people can succeed in the public (or non-profit) sector.

(And, yeah, I know that's an oversimplification.)

[webhiway]

No one is even suggesting giving it to Ron Paul, he is simply asking for some accountability, (transparency) which has approval from a large part of the senate and American population. You may want to do a little more research on the federal reserve.

[WellIAMScottish]

While I do not agree with most of Ron Paul's positions, I think he is genuine and asks many legitimate questions. We would be fools to shy away from honest questions, especially from those whom we disagree. About 30% of Fora's videos rub me the wrong way, but I'm thankful they put out videos that make me THINK, whether I agree or not. Applauds for giving Ron Paul a voice on this channel.

[oldhacks]

fuck auditing them. we should just abolish them along with every other shitty government program that doesn't work.

can only do that by ballot. democracy.

[sugarpuddin88]

Bernanke, Geithner, Rubens, Summers, Goldman Sachs, JP Morgan & the Federal Reserve Bank know exactly what they are doing by collapsing the US Dollar:

The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA - run directly by international bankers freed of any government control] -a planetary financial control organization" - Bruce Wiseman

[reginaron]

Ron 2012 !

How about a truthful person/politician, in the Whitehouse for ( a real ) change?

Same old, ideals, ...or really old ideas ( some your grandma/pa, dad/mom said on ocassion), containing ..facts about the corporate / impersonable planet. A THX 1138 planet, isn't pretty.

[sugarpuddin88]

Remember, Allianz Insurance, a European firm, wanted to purchase AIG first, but the the US government stepped up with a $85 Billion in taxpayer liquidity injections late fall 2008

On the contrary, Bear Stears DID get bailed out. But, they got "liquidity injections" from the FED's discount window before HR1424 (TARP) was passed 10.3.2009.

Then after TARP came out, those funds where used to underwrite the B of A & Merrill Fraud.

The Treasury & Fed used TARP as Fraudulent conveyance

[theblue92]

While I agree that auditing the TARP distributions in particular is sorely needed, Ron Paul is hardly the person to do it.

The bill he's referrng to (HR 1207) was introduced three weeks after HR 833, in which he proposes the abolition of the entire Federal Reserve System(?!). As appealing as cleaning house may be, it's rather hypocritical to criticize sweeping, knee-jerk legislation when you're busy introducing more of it.

[MagellansUnderwear]

Ron Paul almost had me. then I started paying closer attention. Audit the fed? good idea. then you find out he's deeply religious, racist as hell, and pro life. Not for me.

[HeatForce]

Oh boy where to begin. There is nothing wrong with him being religious- just like there's nothing wrong with you being an atheist or whatever you are. He's not racist; in fact he has high support with the NAACP group in Texas. He doesn't like late term abortion- who fucking does, have you ever seen one? I can show you if you want. Nothing like seeing a third trimester fetus wiggling in the embryonic sac as it's taken out of the vagina, and then tossed into a bio-can...

[MagellansUnderwear]

just go the library of Congress's site and take a good look at his voting record and some of the things he says in session.

[HeatForce]

Yeah what about it? Anything he voted against was because his view of congress, well the Federal government as a whole should stay out of the states business and should remain within the confines of th constiution. Does that mean everyone of his supporters share all his views- no, but as a libertarian truley reached out across the isles.

[HeatForce]

You're buying into a lot of hype my friend. No other headlining politician is as pro-civil liberty and anti-big brother as Ron. Hell, he will do better for the black community then Obama ever would by ending the racist war on drugs.

[MagellansUnderwear]

you see, that's what I thought at first. It's when you really start looking. his primary talking points when campaigning are what got me interested. he IS right on ending the war on drugs and a few other things, and that got him a large following, including myself for a while. and I've seen many an abortion pic.

[HeatForce]

Okay well here's what Ron stands for ideologically: end war on drugs, end war in the Middle East, pro-gay marriage, anti-tax, anti-big brother,etc. The only argument you really have is the abortion thing- and he's not even for ending it. He's for ending roe v wade which would then turn it over to the states. Rons personal views may differ with his ideological beliefs- but isn't truly wonderful? A man who believes that we have the right to live the way we want to- not the way he wants to.

[Redfingers]

He's a goddamn libertarian, you moron.

That and trying to critique someone on the basis of their ideology or alleged "hypocrisy" is called an "ad hominem," which is a logical fallacy and has no bearing on the legislation he's proposing right now. Which you've implicitly agreed to when you said that this legislation is sorely needed....

An abolition of "sweeping, knee-jerk legislation" is scarcely more of the same. Screaming "stop kicking me in the nuts" isn't aggressive.

[theblue92]

Nonsense.

Ad hominem is the fallacy of attacking the idea by attacking the man. I am not attacking the idea, but instead pointing out he has an ax to grind. I might agree that we should reform the Fed, but that doesn't mean I want Lyndon LaRouche running the central bank either.

And it *is* hypocritical to highlight TARP and the Patriot Act as being reactionary while proposing equally reactionary legislation against the Fed. It has nothing to do with the political philosophies espoused.

[espunde]

Abolishing the Fed is the kind of sweeping change we need, it would be the best thing to happen to our monetary system, we would get rid of the banking cartel and introduce more competition in banking and money.

Sweeping knee-jerk legislation is great if it's going in the right direction, toward more freedom and less government intervention in everything we do.

[theblue92]

I respectifully disagree.

It was the lack of liquidity (after a long series of bone-headed moves) that finally triggered the massive round of failures and panics. Demolishing the Fed would in all likelihood plunge the country (and by extension the world) headlong into the depression we've been flirting with.

But I don't expect that most of Ron Paul's supporters will agree with that sentiment, so I'm not about waste much time trying to argue it under a 500 character limit.

[espunde]

'Lack of liquidity', that says either you're a keynesian or a monetarist, or you watch too much cable TV, but you're still wrong. You can respectfully disagree all you want, but until you learn about real economics, i.e. Austrian School, you'll have no idea what's going on. Read up on it, you'll find that everything that other economic strains of thought think falls out of the sky, the Austrians have an explanation for, i.e. Business cycle. You'll probably not respond, but that's OK, have fun.

[theblue92]

I'm no true Scotsman, that's for sure.

I ascribe to no particular economic dogma. While I don't have a problem with allowing some businesses to fail at the bottom of the cycle, there is always the question of how/if government intervention can mollify the worst effects. The Libertarian view is typically "it shouldn't even try".

I can sympathize, but pragmatically it is politcaily impossible in this country for the government to remain uninvolved. We collectively expect too much of it.

[espunde]

That indeed is the problem, people want the government to do something, but they don't realise that government makes things worse. It is politically unpalatable, but everything else has been tried, and it hasn't worked. At least you seem neutral on this, most people are too wired into government as the only answer for everything that you can't talk any sense to them.

[theblue92]

I am not entirely certain the government makes things worse... or better. In theory I think it can smooth the cycle -- though the "irrational exuberance" problem clearly needs to be handled better in practice.

It's a balance of powers. I think we probably need a central bank, and I think it needs to audited. That will piss off both those who want to get rid of it and those who want it unregulated.

But ideally I want to see everyone mildly dissatisfied... ;)

[espunde]

Irrational exuberance is hard to tame when the Fed is the one pumping up the bubble with artificial credit.

I can understand you'd like a middle ground, but a Central Bank is always created for one reason, to enrich the powerful. I like auditing it at least, that's a good first step, but I hope and pray to see it abolished, our currency is grossly over printed and hence worthless, fiat currency always suffers this fate.

[sugarpuddin88]

The privately owned FED is a house of mirrors, it has nothing, it is cotton candy spun by deranged monkeys on Wall Street trying to get a paycheck!

It took the entire history of America up until last year to accumulate 12 trillion in debt; but we have given out another 15 trillion free to banks over the last year alone!

Meanwhile, the CIA is hiring bankers

[purplecharger88]

The FED is not privately owned.

[sugarpuddin88]

Don't believe me - Just look it up in the phone book

It is not listed in the Blue Government pages; rather it is listed in the Yellow Pages next to FedX

It's all there in black & white for you to read!

[purplecharger88]

Or you could actually read a book on the Federal Reserve System, like a college textbook, and find that it is neither public nor private.

[sugarpuddin88]

purple

Ok. Then school me then - What is the Federal Reserve?

[purplecharger88]

The Federal Reserve System is an independent government institution that has private aspects. The System is not a private organization and does not operate for the purpose of making a profit.

The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.

[sugarpuddin88]

The Federal Reserve Bank is in the Yellow Pages here in New York City - Google it yourself on Yellowpages online

The Federal Reserve bank serves its private shareholders

These are private men, mostly from other countries, that profit off printing US dollars & manipulating American markets. In the 30's they created 3 depressions (google: Job Loss & bankruptcy correlated precisely with their dumping then retraction of the US dollar)

Your childish fantasy of America is going to hurt you!

[purplecharger88]

Wrong foreign banks can not be part of the FED. Only US banks can be.

Yes the FED does have private shareholders but the FED chairman and governors are all appointed officials. This makes it both Public and Private.

[h22accord91]

Wrong, foreign banks own many bank in the U.S. which is under the FED. The FED also loans money and takes loans from other central banks. The FED is independent of the government which allows them to deal with other PRIVATELY owned central banks.

[purplecharger88]

FED member banks have share holders which are foreign but they by no means own it or get to call the shots as their share ownership is small.

So what if they take loans from other central banks that has nothing to do with anything stated previously and doesn't prove foreign ownership.

They are independent within the government. Banks who are member banks can form advisory committees and elect new members but that is the extent of their power.

[purplecharger88]

cont'

The true power of policy is in the Board of Governors who are all appointed by the President and confirmed by the Senate. This is why it is neither private nor public. It has aspects of both and is considered independent within the government.

[h22accord91]

It a bank, of course its purpose is to make a profit. It loans money to the U.S. government at interest. You are so far off PLEASE stop posting on this topic you have no idea what you are talking about. people might read this and actually believe the crap that you post. PLEASE I BEG YOU STOP

[purplecharger88]

It can not make a profit. By law it has to refund all earning to the Treasury.

TITLE 12 > CHAPTER 3 > SUBCHAPTER VI > § 290

"The net earnings derived by the ... Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury..."

[h22accord91]

Maybe you need to read this again

"The net earnings derived by the United States from Federal reserve banks"

That means earnings the U.S. makes must go to the Treasury not the FED two completely different things. Once again the FED is independent of the government and does make a profit

this is from the Federal Reserve website: Twelve regional privately-owned Federal Reserve Banks located in major cities throughout the nation, which divide the nation into 12 districts

[purplecharger88]

But because it has to turn over all earnings to the Treasury it doesn't make a profit. Saying that regardless of this that the FED makes a profit is like saying a non-for-profit company giving its earnings after expenses to charity it is still making a profit. If the books equal out at 0 at the end of the day then it isn't making a profit.

As for your "quote" from the Federal Reserve website. I tried breaking that up in many different ways. I was only able to find it on Wikipedia.

[purplecharger88]

It's pretty clear you have no clue what you are talking about. Caps lock doesn't make it the truth either.

If I can site actual law that backs up my point, where are your facts from? Zeitgeist? Please, take that to court and you will be laughed out of the building. That movie has so many fallacies and deceptions it isn't even funny. It would know facts if it came up and bit it in the ass.

Where are your sources?

[h22accord91]

purple, maybe you should go back and reread your book on the FED. It is in no way part of the Federal government. It is a privately owned bank, that is why congress has no power over the them and that is why Ron Paul want to pass HR1207 to audit the FED

[purplecharger88]

Well that is the thing the FED is neither privet nor public. That is the facts of the issue. I can get the material for you.

[h22accord91]

Please do, I want to see it. How is a business neither privet nor public? it has to be one or the other.You really don't know anything about this topic.

[purplecharger88]

I think you're referring to the business pages and not the yellow pages. Regardless it is in neither. It isn't even in the blue pages

[IIIClydeBarrowIII]

Yeah... I spend my time making fake phone book pages. I took the picture myself. As far as it not being in your phone book... Do you even have a Fed in your city? I live in Atlanta. We have a giant one.

[purplecharger88]

Kansas City is the closest one. Its an hour away. Might be why its not in there but I still don't see why the National one shouldn't be there.

[IIIClydeBarrowIII]

Oh My... Look at That... There's the Federal Reserve listed in my Yellow Pages... flickr . com/photos/39213614@N06/384330­4307/

[purplecharger88]

Your point? The US Postal Service is listed in the White (Business) Pages and Yellow Pages. It's a government run program specifically put in the constitution. Are you going to tell me they are a privately run company as well?

[IIIClydeBarrowIII]

No, the postal service is not in the white pages, it's in the blue pages with the rest of the government institutions.

I took a picture of that for you too...

flickr . com/photos/39213614@N06/384411­1667

Fist it was "the fed is not in the white pages, then it's not in the yellow, then you claim the USPS is in the white pages. The level of denial coming from you is unbelievable.

You're on the right track. Just don't let a belief system trap you.

[purplecharger88]

Oh but it is there in all three places:

farm3 .static. flickr. com/2596/3845952114_af8e85b396­. jpg farm3. static. flickr. com/2553/3845952144_def880aa6d­. jpg

farm3. static. flickr. com/2478/3845161575_a1362131d5­. jpg

[IIIClydeBarrowIII]

It keeps saying the the images are currently unavailable.

I checked my phone books, and The USPS is not in my Yellow pages. However, it is in the white pages.

I don't think I have looked in phone book this much in my life. LOL!

[purplecharger88]

Ya, at least I know I'm getting some use out of the thing for once. :P

[IIIClydeBarrowIII]

For crying out loud! Everyone knows now that the Federal Reserve is a private institution now. Where have you been.

They even say that on the mainstream news networks now.

Tell you what, why don't you get a phone book and look at the Blue pages (government pages), and you'll see that the Fed isn't listed there. It's listed in the white pages with the rest of the private companies.

[purplecharger88]

Really? Then how is it that it is universally also recognized that it is neither public nor private. Where have you been?

The fed is neither listed in the white or blue pages. So my question to you is if that is show who's right here?

Beyond that all educational level texts on economics clearly shows that the Federal Reserve system are as I have explained it.

[IIIClydeBarrowIII]

"The fed is neither listed in the white or blue pages. So my question to you is if that is show who's right here? "

You are either a flat out liar or you haven't bothered to even look.

I guess this picture of the Fed's listing in my phone book doesn't exist huh?

flickr . com/photos/39213614@N06/384385­4536/

[purplecharger88]

I'm guessing your "phone book" your using isn't even real. The paper is too think.

I did check and it isn't in my phone book. You'll note the thickness of the pages used in the book I have.

img. photobucket. com/albums/v318/luigiracer88/f­edphonebook. jpg

Even my friend in Idaho couldn't find a listing in either the blue or business pages in two separate brand of phone books.

Regardless of even the phone book issue the facts of the structure of the FED remain. It is neither pub. nor private

[purplecharger88]

Now I see why you used flickr. Better size here:

flickr. com/photos/4168755@N05/384393 0428/

flickr. com/photos/41687555@N05/384393­7274/

[medliberty]

Ron Paul is right but he never got the memo. "The fix is in". Whatever the corporations want, they will get. The big corps. bribe Congressmen via legal campaign contributions and the Congressmen do what they are told by their corporate bosses. The average citizen cant compete and is grossly outgunned. We need campaign finance reform before anything else whereby any money given to any public official is considered a bribe and punishable with a mandatory jail term for both parties.

[VikingNinjitsu]

a system like that would be wasteful and subject to a lot of fraud. You know, people campaigning just to get money from the government. It could only work if you had very harsh punishments for abusing it. I've seen first hand how wasteful third party campaigns can be. I think fighting is the answer. Each candidate has 5 people, you have a battle royal, and the candidate with someone standing is the winner =]

[braxtonmandy]

audit the fed!

[m1ke905]

shit my bad I meant to press thumbs up lol

[simply2ghetto]

Spot on Ron Paul!

[AimiriZ]

Poor Ron  : (

[sailfished1]

give liberty a voice = double your subscriptions. smart move fora