(C4L) – The following U.S. representatives cosponsored H.R. 1207 but voted against Audit the Fed on a motion to return the Dodd-Frank Financial Reform bill to committee and add back in the thorough Audit. View More Here
The past two years have seen the greatest outpouring of money and credit from central banks and governments in history. In most countries interest rates cannot fall much lower being presently under 1% or close to zero. You might call this an attempt at fiat money recovery. As a result of pump priming for the past six months or more investors have returned to the same gambling and risk taking they engaged in before, the losses of which caused the world economy to come to the edge of the financial abyss. All sectors of investment are again affected by a casino mentality. Read the rest of this entry »
Russia Today talks to Congressman Ron Paul about why he opposes both Obama’s and his own party’s support for the war in Afghanistan, and why he wants to abolish the Fed
(CSPAN) – Congressman Watt tried to de-rail the bill to audit the Federal Reserve (H.R. 1207) with a fake alternate bill. See this, this, this and this. Read the rest of this entry »
(CSPAN) – Congressman Watt tried to de-rail the bill to audit the Federal Reserve (H.R. 1207) with a fake alternate bill. See this, this, this and this. Read the rest of this entry »
Barney Frank warns Bernanke that he might be forced to embrace a compromised version of Ron Paul’s ‘Audit the Fed’ bill; promises to “wall off” attempts to examine monetary policy Read the rest of this entry »
(C4L) October 31, 2009 – In this Audit the Fed update, Dr. Paul explains what is happening with HR 1207 in the Monetary Policy Subcommittee, describes his plan to protect 1207 in the full Financial Services Committee, and provides ideas on actions we can take to keep Audit the Fed from being watered down.
Last week the Dow added 1.3%, the S&P 1.5%, the Russell 2000, 0.2% and the Nasdaq 100, 0.7%. Cyclicals rose 2.6%; transports 3.8%; consumers 1.7%; utilities 1.3%, as banks fell 0.3% and broker/dealers fell 0.6%. High tech fell 0.2% semis 1.1%; bitoechs 1.9% and Internets rose 0.2%. Gold bullion rose $3.00 and the HUI was unchanged, but up 47.5% on the year. The USDX, the dollar index fell 1.1% to 75.62. Read the rest of this entry »
(C4L) – As anyone who attended Friday’s Audit the Fed hearing could tell you (or as you could see from watching via the live stream), it was quite the experience. Read the rest of this entry »
Although America successfully seceded from the British Empire in 1776, today, more than 200 years later, it is in no way “independent.” Its many dependencies include its reliance on debt to finance its operations; it looks to foreign manufacturers to provide basic goods; it is at the mercy of oil sheiks for its energy needs; and, it depends on global and regional organizations like the United Nations, NATO, and other entangling alliances to conduct diplomacy. Read the rest of this entry »
(RawStory) – The institution which creates and oversees America’s currency wants to keep a “low profile,” according to a published report on Monday, and may willing to dodge the U.S. Treasury in order to do so. Read the rest of this entry »
(RonPaul) – On Constitution Day 2009, Dr. Paul announces that HR 1207 has reached two-thirds of the House and is now eligible for consideration under suspension of House rules. Read the rest of this entry »
(WashingtonsBlog) – Congressman Alan Grayson gave an interview to Wall Street Cheat Sheet’s Damien Hoffman, which includes the following bombshells: Read the rest of this entry »
“The entire federal government,” laments Congressman Ron Paul in his newest book, End the Fed, “is one giant toxic asset at the moment. It certainly has no business telling the private sector how to run its affairs. It is in worse financial shape than all the companies in the private sector put together.” Read the rest of this entry »
Near the start of this year Ron Paul (R-Texas) introduced H.R. 1207, the Federal Reserve Transparency Act of 2009. The bill was referred to the House Committee on Financial Services. As of this writing, H.R. 1207 has 282 cosponsors. Read the rest of this entry »
(LewRockwell) – The US Central Bank, called the Federal Reserve, was created in 1913. Just in time to finance our well intentioned but disastrous intervention in a major European war, against all warnings by our Founding Fathers. Read the rest of this entry »
(Bob Chapman) – The Financial elites are desperate. They are appealing the Bloomberg directive to reveal who received funding to keep from going bankrupt from the Federal Reserve. Read the rest of this entry »
(August 21st, 2009) – “If HR1207 doesn’t pass, the people will be outraged” + “The elite want a global paper currency run by the UN and IMF” + “Even welfare state supporters realize that the system isn’t viable” Read the rest of this entry »
“Paper money eventually returns to its intrinsic value —- zero.” – Voltaire
I’ve read and witnessed various pundits during the Presidential campaign describe Ron Paul as crazy. The corrupt tax and spenders in Congress know their days would be numbered if they followed his vision of government. After reading his tremendously sane rebuke of Ben Bernanke and the policies of his Federal Reserve, I’m reminded of a classic scene from Seinfeld. Read the rest of this entry »
In an interview released today by Digg and the Wall Street Journal, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed spearheaded by Texas Congressman Ron Paul. A visibly uncomfortable Geithner attempts to dismiss the question by stating “I’m sure people understand that you want to keep politics out of monetary policy.” Read the rest of this entry »
The Federal Reserve’s unprecedented intervention into the U.S. economy has inflamed more Americans than almost any other issue in recent memory. More than 75 percent of Americans now support an audit of the Federal Reserve system, and it’s no wonder. Read the rest of this entry »
(July 29th,2009) – Alex welcomes back to the show Texas Congressman and former Republican presidential candidate Ron Paul. Paul’s bill, H.R. 1207, the Federal Reserve Transparency Act of 2009, has gained tremendous momentum since it was introduced in the House last February. Read the rest of this entry »
In a sign of the growing movement to end the Fed, the bastion of the economic status quo – the Wall Street Journal – published an OpEd today entitled “Let’s Break Up the Fed” and subtitled “The Federal Reserve has done a terrible job at financial regulation. Why give it more power?”. Read the rest of this entry »
As momentum builds for Ron Paul’s efforts to audit the Fed, a new Gallup poll shows that Americans are turning against the Federal Reserve, with just 30 per cent saying the agency is doing a good job. Read the rest of this entry »
(C4L) – In a puzzling editorial in Friday’s edition, the Washington Post blasted the Federal Reserve Transparency Act as “an unserious answer to a serious question.” The Post, which tends to be predictably liberal and quite bland in its editorial pronouncements, used unusually harsh language, calling the bill “wrongheaded in the extreme.” Read the rest of this entry »
(WSJ) – Rep. Ron Paul usually stands far outside the mainstream in Congress, particularly in his campaign to kill the Federal Reserve. But the Texas Republican now has the bulk of his colleagues standing alongside him in a fight against the central bank’s autonomy. Read the rest of this entry »
(C4L) – On Wednesday, July 22, 2009, Dr. Paul appeared on MSNBC to discuss transparency and secrecy at the Federal Reserve, the historic movement to Audit the Fed, and what can be done to ensure HR 1207/S 604 pass the House and Senate. Read the rest of this entry »
Federal Reserve chairman Ben Bernanke was confronted yesterday by Congressman Alan Grayson about which foreign banks were the recipients of Federal Reserve credit swaps, but he was unable to provide an answer as to where over half a trillion dollars had gone. Read the rest of this entry »
(C-SPAN) – Alan Grayson, a Florida Democrat who has been very critical in the past of Fed actions takes it to Bernanke today regarding foreign central bank lending. If the 90 or so Democratic cosponsors of Ron Paul’s HR1207 bill doesn’t convince you that Fed transparency is bipartisan then Grayson’s grilling of Bernanke should. Read the rest of this entry »
(RussiaToday) – Congressman Ron Paul and 263 other members of Congress are demanding an investigation into the U.S. Federal Reserve system, igniting a battle between members of Congress and the American financial elite, who say auditing the Fed would result in ‘grave consequences’. Read the rest of this entry »
(C4L) – Last week I was very pleased that hearings were held on the independence of the Federal Reserve system. My bill HR 1207, known as the Federal Reserve Transparency Act, was discussed at length, as well as the general question of whether or not the Federal Reserve should continue to operate independently. Read the rest of this entry »
(WND) – A movement to audit the Federal Reserve – the private institution that virtually controls U.S. interest rates, money supply and other economic influences – is gaining momentum in the House and Senate while the Fed ramps up its efforts to thwart scrutiny of its books. Read the rest of this entry »