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Ron Paul vows renewed Fed audit push next year
Reuters ^ | 11/6/10 | Andy Sullivan

Posted on 11/06/2010 6:17:06 PM PDT by Bokababe

"I think they're way too independent. They just shouldn't have this power," Paul, a longtime Fed critic, said in an interview with Reuters. "Up until recently it has been modest but now it's totally out of control."

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Extended News; Politics/Elections
KEYWORDS: blameamericafirst; business; dollar; federalreserve; iranianbloodmoney; money; patbuchanan; paulbots; paulestinians; paulistians; paultards; ronpaul; whoisjohngalt
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Just watch the powers that be try to block Ron Paul from the Chair of the Committee.
1 posted on 11/06/2010 6:17:11 PM PDT by Bokababe
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To: dcwusmc; bamahead; djsherin; rabscuttle385; sickoflibs; stephenjohnbanker; AuntB; EveningStar; ...

Econ Freedom Ping!


2 posted on 11/06/2010 6:18:12 PM PDT by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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To: Bokababe

Hope we make it long enough to Audit them! Then hold them accountable!


3 posted on 11/06/2010 6:18:41 PM PDT by jafojeffsurf ( Return to the Constitution.)
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To: Bokababe

What committee?


4 posted on 11/06/2010 6:22:30 PM PDT by screaminsunshine (the way to win this game is not to play)
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To: Bokababe

just push for an explicit simple inflation targeting policy and we wouldn’t have these problems.


5 posted on 11/06/2010 6:24:15 PM PDT by ari-freedom (Ding dong the Pelosi is gone!)
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To: jafojeffsurf

Me, too!

RP has been warning people about the Federal Reserve for years, just as he warned about the crash before it happened. Only since the housing crash have people begun really listening to him — although you’ll still even see people here treat him like he is a nut.

The Chair of the House Committee on Finance and Technology is the perfect place for Ron Paul to shine, because he has a sound grasp of economics. That’s why some even within the GOP will not want him there.


6 posted on 11/06/2010 6:26:49 PM PDT by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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To: screaminsunshine
What committee?

The House Committee on Finance and Technology

7 posted on 11/06/2010 6:28:40 PM PDT by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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To: Bokababe

Big government and huge debt levels could not exist with out the Federal Reserve. Our problems will not be fixed as long as they are in power.


8 posted on 11/06/2010 6:31:40 PM PDT by FightThePower! (Fight the powers that be!)
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To: Bokababe

The entity known as the UNITED STATES cannot ‘audit’ the Federal Reserve.

The Federal Reserve is a privately owned consortium of bankers, who are not even US citizens.

The Federal Reserve holds bankruptcy receivership of the United States.

THEY OWN US, not the other way around.


9 posted on 11/06/2010 6:38:01 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: Bokababe

Someone needs to dress down Helicopter Ben for debauching our currency.

As long as Ron Paul’s attacks against the Fed doesn’t do to the economy what Andrew Jackson’s ending the National Bank did to the US in the 1830s (cause a depression), we should be okay.


10 posted on 11/06/2010 6:39:38 PM PDT by WOSG (OPERATION RESTORE AMERICAN FREEDOM - NOVEMBER, 2010 - DO YOUR PART!)
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To: UCANSEE2

We can repeal the 1913 Federal Reserve act


11 posted on 11/06/2010 6:44:15 PM PDT by jd777
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To: Bokababe

As long as he acts the way he does on foreign policy he is never going to be embraced here. He IS a nut and that is putting it kindly on that matter.

This specific issue just happens to be the one issue he’s suited for. I’d like to see him get the job. It’d be fascinating to watch.


12 posted on 11/06/2010 6:44:39 PM PDT by Soul Seeker ( I was there when we had the numbers, but didn’t have the principles.---Jim that leans conservDeMin)
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To: Bokababe

The US is bankrupt. It cannot repay its debts. When that becomes clear, and the public moves from denial to anger, they will seek any justification or excuse to disavow the debt. Such will not be hard to find:

Most Federal spending since the 1930s has been Unconstitutional. Progressive (non-uniform) tax rates are Unconstitutional. Fiat money is Unconstitutional—the Constitution forbids anything other than gold and silver coins being used as “Tender in Payment of Debt.”

So the US could simply revert to the Gold standard, issue a new gold-backed currency, repay its bond holders using the old currency (which the government disavowed as redeemable for gold or anything else back in 1972,) and inform any who object to that it’s their own fault for lending money to an illegitimate government borrowing and spending in violation of its own Constitution, using a currency prohibited as being used as legal tender by that same Constitution.

It won’t be long before this end-game becomes obvious to everyone. It’s the only way out. When that happens, the bond market will stop lending any funds whatsoever to the US government, and progressive socialism will die.


13 posted on 11/06/2010 6:45:42 PM PDT by sourcery (Poor Nancy: From Speaker OF the House to...Speaker UNDER the House)
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To: WOSG

We have 20 percent unemployment today. 40 million Americans are on food stamps. By those measures we are in a depression now.


14 posted on 11/06/2010 6:46:02 PM PDT by FightThePower! (Fight the powers that be!)
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To: UCANSEE2
The Federal Reserve holds bankruptcy receivership of the United States.,p> THEY OWN US, not the other way around.

True. I remember also, when we went into Afghanistan, Bush demanded that the Taliban turn over Bin Laden, to which the locals said, "that silly. The Taliban doesnt order Bin Laden to do anything. Its the other way around!"

15 posted on 11/06/2010 6:48:27 PM PDT by Soothesayer9
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To: Bokababe
Agreed.

He needs to stay with Economics and leave foreign policy alone.

16 posted on 11/06/2010 6:50:25 PM PDT by fortheDeclaration (When the wicked beareth rule, the people mourn (Pr.29:2))
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To: Bokababe

Ron paul is a sage on this iSsue.


17 posted on 11/06/2010 6:51:07 PM PDT by GlockThe Vote
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To: sourcery

No STATE may make any thing other than gold and silver coin legal tender.

The Congress may emit bills of credit, and, in 1913, they delegated that power to the Federal Reserve.

That delegation is of course unconstitutional, but the power itself DOES exist.


18 posted on 11/06/2010 6:52:34 PM PDT by Jim Noble (It's the tyranny, stupid!)
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To: UCANSEE2

“The entity known as the UNITED STATES cannot ‘audit’ the Federal Reserve. The Federal Reserve is a privately owned consortium of bankers, who are not even US citizens. The Federal Reserve holds bankruptcy receivership of the United States. THEY OWN US, not the other way around.”

Somewhat true, But we are headed for a major breakdown and a push for a global currency. So i’ts time to cut the fed and congress to adhere to the Constitution and start a new currency (US) per the Constitution. Article 1 section 8:
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;”

Yes, we have a major finical breakdown coming so what better time to reset to the right thing?


19 posted on 11/06/2010 6:52:47 PM PDT by jafojeffsurf ( Return to the Constitution.)
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To: UCANSEE2

Who has the guns?


20 posted on 11/06/2010 6:55:11 PM PDT by taxtruth
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