Posted on 05/05/2009 6:14:34 AM PDT by AmericanHunter
He already knows the operations. Or could if he wanted to. His idea for an audit is a joke and a lie.
The Fed keeps its relationships with foreign banks under a cloak of darkness -- currently immune from an audit. There is no way he could "know" anything. No one outside the Fed does, so that's BS.
RP is pushing for this Audit the Fed bill because it is the minimum that we are owed. And, I think that he is pretty sure that once the truth is known about the Fed, most people will want to abolish it.
I cannot understand how anyone calling themselves a Conservative would want to protect a government agency that sends our taxpayer money into a virtual black hole with no real accountability to anyone for the majority of its operations.
The spreadsheets you posted are just a big "pacifier" to cover up the sucking sounds from our wallets!
What is a relationship with a foreign bank? If you mean swap agreements, those are public knowledge.
RP is pushing for this Audit the Fed bill because it is the minimum that we are owed.
He's pushing for it because he's a clown.
And, I think that he is pretty sure that once the truth is known about the Fed, most people will want to abolish it.
Seeing what people on FR "know" about the Fed, that wouldn't be surprising. Would be a stupid idea, but stupid people have those all the time.
I cannot understand how anyone calling themselves a Conservative would want to protect a government agency that sends our taxpayer money into a virtual black hole
Which conservative, which government agency, what taxpayer money and what black hole are you talking about?
The spreadsheets you posted are just a big "pacifier"
Ron Paul, is that you?
"I want more info"
Here it is Mr Paul.
"That's just a pacifier, waaaaah"
Here's your pacifier, Mr Paul. LOL!
“I noticed.”
Maybe, but only to the same degree that a chicken understands a card trick.
“Toddsterpatriot”
LOL!
***Or could if he wanted to.***
Yeah, which is why he’s trying to get this bill passed. How else would he do it? Repeal parts of other legislation? Little difference in the end.
Probably 95% of what he says he wants is already public.
If this bill passes and this "audit" happens, he'll find something else to whine about. He admitted that in the hearing yesterday when he questioned Bernanke.
That's a crock. Listen to the hearing for yourself.
He also said he'd resist Congress dictating to the Federal Reserve how to make monetary policy. That's what Ron wants, he doesn't care about the info an "audit" would provide.
Ron said, "Of course it's the policy it's the only thing that really counts"
After an audit, he'll still whine about the policy, just like now. That's what he admitted in the last 5 seconds of that clip. Only he won't have the excuse that we don't know what the Fed is doing.
The man is a clown.
***If this bill passes and this “audit” happens, he’ll find something else to whine about. He admitted that in the hearing yesterday when he questioned Bernanke.***
That’s your opinion. What he said was that policy is all that matters and it’s not as if he hasn’t made it clear that he wants to end the fed. That wouldn’t be something new.
***That’s what Ron wants, he doesn’t care about the info an “audit” would provide.***
He doesn’t want Congress making the monetary policy. He doesn’t want the government to make monetary policy at all.
Ending and auditing the fed are not mutually exclusive. Just because he wants one more than the other doesn’t mean he doesn’t want the other.
Yes. That's his admission that the audit is a joke.
Great. So how does the money supply grow or shrink in Ron's dream world?
Ah, where would anyone be without the Toddster-spin on that exchange between Bernanke and Ron Paul? Probably seeing the light! The link is there, they can decide for themselves. Or are you banking on lazy Freepers and those who can't play videos at work?
In any case if you haven't noticed, you are all alone on this thread. I've yet to see anyone else arguing for your case against auditing the Fed.
And someone with your screen name and attitude really ought to think twice about calling anyone else "a clown".
Repeating Ron's words is now spin?
I've yet to see anyone else arguing for your case against auditing the Fed.
Audit the Fed. Who cares?
An audit will show what securities the Fed bought, sold and loaned out last year. An audit will show the securities the Fed owned at the beginning of the year and at the end of the year. An audit will show the loans they made and the collateral they accepted. If will show the interest they earned and where their earnings went. About $1.2 billion to member banks and about $35 billion to the Treasury.
95% of which is already available to the public. Ben said he'd be happy to humor the crazy Congressman and give him whatever other info he wants.
Ron admitted he didn't care about all that info,
"Of course it's the policy it's the only thing that really counts"
LOL!
***So how does the money supply grow or shrink in Ron’s dream world?***
Totally different discussion.
Your position really has nothing to do with "Audit the Fed" or not -- this is all about dissing Ron Paul for you. You just picked a backdoor to do it.
What a waste of everyone's time!
My position is that auditing the Fed is silly. Ron Paul is silly.
this is all about dissing Ron Paul for you.
When Ron stops saying and doing stupid things, I'll stop making fun of him for saying and doing stupid things.
When advocating the elimination of the Fed, that is a discussion you should probably have beforehand.
Unless you're a Paulite.
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