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Keyword: auditthefed

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  • Donald Trump Bashes Ted Cruz for Missed Vote: 'So Important to Audit the Federal Reserve'

    02/22/2016 6:37:09 PM PST · by VitacoreVision · 134 replies
    Breitbart.com ^ | 22 Feb 2016 | ALEX SWOYER
    GOP frontrunner Donald Trump went after GOP rival Sen. Ted Cruz for missing a Senate vote on a bill that would have audited the Federal Reserve. "It is so important to audit The Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done," Trump posted on Twitter on Monday afternoon. Cruz missed a vote on legislation in the Senate that reportedly would have audited the Federal Reserve, as the Guardian noted, as did former Rep. Ron Paul to campaign for his son Sen. Rand Paul. Paul referenced Cruz's missed vote, previously...
  • This top Rand Paul donor just made a big endorsement in the presidential race

    02/05/2016 8:40:54 PM PST · by 2ndDivisionVet · 26 replies
    Rare ^ | February 3, 2016 | Corie W. Stephens
    Tech entrepreneur Scott Banister has long been an ally to the liberty movement. The angel investor, IronPort founder, and PayPal board member donated $3 million to a Rand Paul supporting Super PAC, and has been a vocal supporter of the libertarian Republican. Now that Rand Paul is out of the presidential race, Banister has thrown his support behind Ted Cruz. Cruz is a self-described constitutional conservative who earned the endorsements of both Rand and Ron Paul in his 2012 Texas Senate race. Scott Banister Our best chance for a constitutional presidency is now @tedcruz. #LibertariansForCruz Cruz's relationship with the Pauls...
  • How Ted Cruz may benefit from Rand Paul dropping out

    02/03/2016 11:41:51 AM PST · by Cincinatus' Wife · 47 replies
    The Washington Post ^ | February 3, 2016 | Katie Zezima
    HENNIKER, N.H. - For months, Sen. Ted Cruz (R-Tex.) has tried to poach libertarian-leaning voters here away from Sen. Rand Paul (R-Ky.). Now, with Paul's exit from the race, Cruz has even more of an opening to make inroads with supporters of the Kentucky Republican. Cruz is running as a tea-party darling and evangelical Christian, constituencies that helped propel him to victory in the Iowa caucuses. But he is also attempting to expand that base, particularly with libertarian-leaning supporters. Here in New Hampshire, Cruz speaks of limited government, gun rights and privacy. "But part of the reason we're more competitive...
  • Senate rejects Paul's Audit the Fed push

    01/12/2016 1:54:33 PM PST · by SouthReb · 24 replies
    "The Senate on Tuesday rejected Sen. Rand Paul’s (R-Ky.) controversial proposal to audit the Federal Reserve, turning aside a bill that has drawn the ire of the business community and the White House. The Senate voted 53-44 on taking up the presidential hopeful’s Audit the Fed measure. Sixty votes were needed to move forward. Paul won some bipartisan support for the legislation, with Sen. Bernie Sanders (I-Vt.), another presidential candidate, voting in favor. Democratic Sen. Tammy Baldwin (Wis.) backed the bill as well. Sen. Marco Rubio (R-Fla.), who is also running for president, supported moving forward with Paul's legislation, while...
  • Rand Paul Draws Liberal Fire As The Left Discovers Its Inner Love Of The Fed

    02/24/2015 11:57:45 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | February 24, 2015 | Ralph Benko
    The New Republic, in its February 8th issue, carries an article by Danny Vinik entitled Rand Paul Has the Most Dangerous Economic Views of Any 2016 Candidate. It appears that TNR’s fact checkers decamped along with its top journalists. Vinik: Speaking in front of more than 150 Iowa activists, Paul ripped into the Federal Reserve and promoted his “Audit the Fed” bill, which he introduced earlier this week. “I think there needs to be some sunshine,” he said, according to reports of the event. …Paul’s bill …would significantly damage the Fed’s independence, which exists so that politicians cannot influence the...
  • Rand Paul: 'Alarming' that the Fed is trying to stop audit

    02/12/2015 8:31:25 AM PST · by TangoLimaSierra · 51 replies
    http://www.washingtonexaminer.com ^ | 2/11/2015 | Joseph Lawler
    Sen. Rand Paul isn't happy that the Federal Reserve is mobilizing against his legislation that would subject the central bank's monetary policy decisions to an audit. "It is alarming that the Federal Reserve, which was granted Monopoly money-making power, is now specifically trying to stop my legislation," the Kentucky Republican wrote in a column published by the conservative publication Breitbart Tuesday. "The Fed, with unlimited ability to print money, now prints that money to lobby against congressional oversight," Paul added. "It is a disgrace and every citizen in the land should rise up and say: We the people are in...
  • Yellen against Rand Pauls Audit the Fed bill

    11/14/2013 9:37:13 AM PST · by markomalley · 10 replies
    The Daily Caller ^ | 11-14-2013 | Alex Pappas
    President Obamas nominee to become chairman of the Federal Reserve came out against Kentucky Sen. Rand Pauls Audit the Fed legislation on Thursday. Asked by Republican Sen. David Vitter about the proposal, Yellen said she strongly supports transparency and openness on the part of the Fed but does not support any proposal that would diminish its independence. I would be very concerned about legislation that would subject the Federal Reserve to short-term political pressures that could interfere with that independence, she said. Yellen, the vice chairman of the Federal Reserve Board of Governors, made the comments during her confirmation hearing...
  • Cruz Backs Pauls Strategy for Audit the Fed Vote

    11/13/2013 7:39:10 PM PST · by Tailgunner Joe · 3 replies
    rollcall.com ^ | November 13, 2013
    Sen. Ted Cruz announced Wednesday that he is backing an effort by fellow Republican Rand Paul of Kentucky to get a vote on auditing the Federal Reserve as a condition for considering the nomination of Janet L. Yellen to be chairwoman of the Fed. I agree with Rand Paul: before the Senate votes on whether to confirm Janet Yellen, we should at the very least allow a vote on the Audit the Fed bill, the Texas Republican said in a statement. The Federal Reserve has expanded our money supply by trillions, benefiting Wall Street but making life harder for millions...

    06/17/2013 6:46:41 PM PDT · by Obama_Is_Sabotaging_America · 61 replies
    Tea Party Patriots ^ | June 17, 2013 | Tea Party Patriots
    Were you targeted by the IRS for your political beliefs? Did you receive extra scrutiny for promoting limited government, the constitution, and fiscal responsibility? If not, will you be next? What: Audit the IRS Rally When: Wednesday, June 19, 2013 from Noon 2pm Where: West Lawn of the US Capitol Join us on Wednesday, June 19th at 12pm on the West Lawn of the US Capitol as we come together to rally against the IRS. Its time that Washington sees first-hand just how outraged the American people are by these discriminatory acts.
  • Where can I find coverage of today's 'Audit the Fed' Rally in DC?

    06/19/2013 7:35:02 AM PDT · by rightwingintelligentsia · 20 replies
    June 19, 2013
    I've looked online at all the traditional conservative sites, and can't find any significant coverage of today's rally. Does anyone know if there is any live streaming, someone live tweeting, etc.?

    09/19/2012 7:44:35 PM PDT · by RichSr · 5 replies
    MY E-MAIL | O9/19/2012 | RAND PAUL
    Harry Reid trying to kill Audit the FED on: Today at 02:58:18 PM Quote -------------------------------------------------------------------------------- Dear XXXX, Have you seen John Tate's recent alert regarding the Audit the Fed fight in the Senate? If not, please read it and take action right away. But if you've already taken action, I want to ask one more thing from you. It'll only take a couple seconds, and it's critical to victory in this fight. Since this could be our last shot at Auditing the Fed this Congress, as a personal favor to me I hope you'll forward this email to...
  • Romney supports audit of the Federal Reserve

    08/20/2012 12:28:26 PM PDT · by RobinMasters · 5 replies
    The Washington Times ^ | August 20, 2012 | Stephen Dinan
    Borrowing Rep. Ron Paul's presidential campaign push, Mitt Romney said Monday he thinks the Federal Reserve should face an audit. "Very plain and simple, the answer is yes. The Federal Reserve should be accountable. We should see what they're doing," Mr. Romney, the presumptive Republican presidential nominee, said at a town hall in New Hampshire. Mr. Paul, the Texas congressman who is still technically in the running for the Republican nomination, though he does not have the delegates to win it at next week's convention, made an audit of the Fed a chief part of his campaign. Earlier this year,...
  • Ryan's Fed policy views well outside mainstream

    08/19/2012 11:05:21 AM PDT · by mdittmar · 26 replies
    Yahoo! ^ | 8/19/12 | Pedro Nicolaci da Costa Reuters
    WASHINGTON (Reuters) - Paul Ryan doesn't quite want to end the Fed. But if Mitt Romney's pick for vice president had his way, he might curb the central bank's powers enough to make it harder for policymakers to respond aggressively to economic downturns. The Wisconsin Republican has supported controversial legislation that would strip the U.S. Federal Reserve of its mission to seek maximum employment, and has been a harsh critic of the central bank's continued loose monetary policy. Further, he has hinted at sympathy for the days when the U.S. dollar was tied to gold, a regime that constrained the...
  • Democrats Vote against Bill They Sponsored

    07/30/2012 3:47:26 PM PDT · by John Semmens · 3 replies
    Semi-News/Semi-Satire ^ | 28 July 2012 | John Semmens
    Eight Democratic co-sponsors of the Audit the Fed bill ended up voting against the measure. The unusual move was explained by Representative Pete Stark (D-Calif): Look, this bill was Ron Pauls idea. We never expected the GOP leadership to allow it to come to a vote. I mean, its one thing to try to pose as a champion of open government. Its another thing entirely to actually implement it. f you missed any of this week's other semi-news posts you can find them at... http://azconservative.org/2012/07/28/mayors-play-chicken-with-first-amendment-rights/
  • House passes Ron Pauls audit the Fed bill

    07/25/2012 1:01:02 PM PDT · by Beave Meister · 49 replies
    The Washington Times ^ | 7/25/2012 | Stephen Dinan
    <p>In a move that serves as a capstone to Rep. Ron Pauls colorful career, the House on Wednesday approved a bill that would let Congresss chief investigators conduct a full audit of the Federal Reserves shrouded decision-making process.</p> <p>The overwhelming 327-98 vote sends the bill to the Senate where Majority Leader Harry Reid, Nevada Democrat, has previously expressed support for an audit though its unclear hell carve out time for the legislation this year.</p>
  • House Passes Ron Pauls Audit the Fed Bill (Nancy Pelosi, Bawney Fwank vote No to help bankers)

    07/25/2012 1:45:14 PM PDT · by JimWayne · 5 replies
    Wall Street Journal ^ | July 25, 2012 | Kristina Peterson and Siobhan Hughes
    The Senate would be almost certain to defeat it given the Democratic majority in the chamber... This is a way to shake your fist at the big bad Fed, and its not a good way, Rep. Barney Frank (D., Mass.), the top Democrat on the House Financial Services Committee, said on the House floor Tuesday.
  • Kudlow: A King Dollar GOP?

    02/13/2012 5:19:08 PM PST · by Tolerance Sucks Rocks · 22 replies
    GOPUSA ^ | February 13, 2012 | Lawrence Kudlow
    Out on the campaign trail, Fed head Ben Bernanke is an unpopular guy. Mitt Romney and Newt Gingrich have both said they would replace Bernanke, not reappoint him. Rep. Ron Paul would swap the whole Federal Reserve monetary system for a gold-linked dollar, making the yellow metal legal tender. And it was Gov. Rick Perry of Texas, before he dropped out of the race, who said more quantitative easing by the Fed would be "almost treasonous." Republicans in Washington are equally unimpressed by Bernanke. Rep. Paul Ryan recently criticized the Fed for bankrolling our huge budget deficits and thereby accommodating...
  • The Fed Audit

    07/21/2011 7:12:32 PM PDT · by VideoDoctor · 20 replies
    Senator Bernie Sanders Website ^ | July 21, 2011 | Bernie Sanders
    The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations...
  • Fed Audit Under Fire (Ron Paul)

    05/15/2010 9:43:35 PM PDT · by rabscuttle385 · 54 replies · 995+ views
    It doesnt come as too much of a surprise that the measure to audit the Federal Reserve is coming under continuous fire from the central bank and its cronies. For the first time since the Federal Reserve was created nearly a century ago, they have hired an actual lobbyist to pound the pavement on Capitol Hill. This is a desperate effort to hang on to the privilege of secrecy and lack of accountability they have enjoyed for so long. Last week showed they are getting their moneys worth in the Senate. At the very last minute on the floor of...
  • Audit the Fed

    05/13/2010 10:32:50 AM PDT · by ChrisBoundsTX · 6 replies · 229+ views
    Liberty Juice ^ | 05/13/2010 | Chris Bounds
    The Federal Reserve, our nations central bank, operates in a shroud of secrecy and with absolutely no oversight controls by Congress. Since its founding in 1913, the Fed has been the target of fiscal conservatives and libertarians alike. For years now, and amplified by the recent financial crisis, rising deficits, and surging debt, those same people have begun demanding an audit of the Fed (and even pushing for its elimination). In a surprising move Tuesday, the Senate took a tiny step in that direction by voting 96-0 to do a one-time audit of the Federal Reserve to examine its emergency...
  • No Fed Audit, No Bernanke

    01/21/2010 11:22:30 AM PST · by Bokababe · 20 replies · 599+ views
    Campaign for Liberty email | January 21, 2010 | John Tate
    Our countrys economic future is in Ben Bernankes hands on a daily basis. Now his job security is in ours. I need you to immediately call your senators with a simple message: No vote on Bernanke until we get a vote on Audit the Fed. Heres whats going on and why you need to act immediately. Its a little complex, so bear with me. Senator Jim DeMint (R-SC) has led the charge to place a hold on Bernankes nomination to a second term as Fed chairman until the Senate votes on Audit the Fed. This means to get a vote...
  • The electronic run on banks nobody seemed to notice

    01/17/2010 7:22:01 AM PST · by opentalk · 74 replies · 3,010+ views
    The DC ^ | 01/15/10 | Mary Claire Kendall
    Sixteen months after the 11 a.m. simultaneous withdrawal of billions of dollars out of money market accounts in the aftermath of Lehmans demise a few days earlier, no one seems to care about the dimensions of this event. After all, this catastrophic event did not have quite the physicality of say an actual bank run. There were no investors standing in line waiting to take their money out for Americans to see just who they werefrom what country, wearing what kind of clothes, honest or squirrelly looking, working in tandem with each other? Just computer generated orders simultaneously withdrawing billions...
  • Bernanke faces critics in bid for 2nd term (DeMint opposes as Graham backs Bernanke, bailouts)

    12/26/2009 9:27:45 PM PST · by rabscuttle385 · 15 replies · 818+ views
    The Herald, Rock Hill, SC ^ | 2009-12-27 | James Rosen
    (snip) Sen. Lindsey Graham believes his fellow South Carolina Republican's verdict is too harsh. He plans to vote to confirm Bernanke, who just turned 56. I remember what it was like in September 2008 when the stock market went down a thousand points, and we had one failure after another of major financial institutions, Graham told McClatchy. Bernanke and some others came up with a game plan to save us from another Great Depression, Graham said. I think he's been a pretty steady hand at the tiller. DeMint also blasts Bernanke on the $700 billion financial bailout bill pushed by...
  • Kudlow: Bernanke Should 'Consider Withdrawing' Without at Least 70 Confirmation Votes

    12/17/2009 6:49:40 PM PST · by Rufus2007 · 18 replies · 610+ views
    NewsBusters ^ | December 17, 2009 | Jeff Poor
    If you believe polls, current Federal Reserve Chairman Ben Bernanke favorability has been slipping. A recent Rasmussen Reports poll indicates that only 21 percent of Americans favor his reappointment as the Fed chair. And this hasn't gone unnoticed by some members of the Senate, where Bernanke's fate lies. Bernanke's reconfirmation passed through the Senate Banking Committee by a 16-to-7 vote on Dec. 17. But that margin calls into question how his reconfirmation vote on the Senate floor could go. And as CNBC "The Kudlow Report" host Larry Kudlow warned, that puts his reconfirmation in question. "Look, Helicopter' Ben passed the...
  • Greenspan, Cramer Argue Government 'Agenda' Inhibiting Economic Recovery

    12/14/2009 5:29:52 AM PST · by Rufus2007 · 4 replies · 570+ views
    NewsBusters ^ | December 14, 2009 | Jeff Poor
    In his 1981 inaugural address, former President Ronald Reagan said, "Government is not the solution to our problems; government is the problem." Nearly 29 years later, that still holds true according to CNBC "Mad Money" host Jim Cramer and former Federal Reserve Chairman Alan Greenspan. Both Cramer and Greenspan were guests on NBC's Dec. 13 "Meet the Press" and although neither was making a vain effort to be nostalgic, but instead explained that Congress' deliberations over an "agenda" was creating uncertainty for business. "I think the priority ought to be get rid of the agenda," Cramer said. "I hear the...
  • A lonely voice against the Fed now leads a chorus (Ron Paul)

    12/07/2009 8:06:58 PM PST · by rabscuttle385 · 16 replies · 904+ views
    The Washington Post ^ | 2009-12-08 | Tomoeh Murakami Tse
    Rep. Ron Paul's attempt to rein in central bank is finally close to passing -- just don't expect him to vote for it. Ron Paul is used to going it alone. During 20 years in Washington, the libertarian Republican congressman from Texas has proposed doing away with personal income taxes, federal antitrust laws and the minimum wage. He's advocated pulling the United States out of the United Nations, NATO and the International Monetary Fund. Those efforts have mostly been legislative non-starters. Many of his bills fail to attract a single co-sponsor. But one of his perennial causes is headed to...
  • Strange coalition tries to stop Ben Bernanke at Fed

    12/07/2009 2:50:36 AM PST · by rabscuttle385 · 7 replies · 623+ views
    Politico ^ | 2009-12-07 | Victoria McGrane
    Theres a strange political cocktail brewing in Washington, one that mixes top conservative strategist Grover Norquist and tea party organizers at FreedomWorks with democratic socialist Sen. Bernie Sanders (I-Vt.), progressive activists and public interest advocates. The unlikely coalitions bid to block Ben Bernankes nomination to a second term as chairman of the Federal Reserve until Congress votes on legislation to audit the secretive central bank is tapping into a growing anti-establishment mood and legislators up for reelection next year are taking notice.
  • Bernanke Criticizes Attempts to Audit the Fed (attacks Ron Paul again)

    12/03/2009 3:33:11 PM PST · by rabscuttle385 · 30 replies · 893+ views
    Ben S. Bernanke used a hearing for his reconfirmation as Federal Reserve chairman on Thursday to express concern about legislation that would put the Fed on a tighter leash and let Congress second-guess its decisions. Mr. Bernankes chief concern was a proposal by Representative Ron Paul, Republican of Texas, to audit the Fed. The amendment to the House of Representatives bill overhauling financial regulation would submit the Fed to audits of its decisions concerning monetary policy. To be very, very clear, I in no way object to in fact I welcome transparency about the Feds activities and the...
  • An Answer to Bernanke (Ron Paul)

    12/03/2009 2:20:20 AM PST · by rabscuttle385 · 2 replies · 553+ views
    Campaign for Liberty ^ | 2009-12-02 | Ron Paul
    Federal Reserve Chairman Ben Bernanke (November 29th Washington Post) does not want us to know any of the details of the Fed's secret operations. This position is not surprising and has been typical of all central bank chairmen. Bernanke's stated goal in his editorial is "To design a system of financial oversight..." that will "provide a robust framework for preventing future crises." During its 96 years of existence, the Federal Reserve has played havoc with our economy and brought great suffering to millions through unemployment and price escalation. In addition, it has achieved what only a central bank can: a...
  • Ron Paul: Bernanke's defense of Fed a 'hoax'

    12/02/2009 2:45:15 AM PST · by rabscuttle385 · 17 replies · 752+ views
    The Hill, Washington, DC ^ | 2009-12-01 | Michael O'Brien
    Fed Chairman Ben Bernanke's warning that further regulation would "impair" the economy is a "hoax," according to Rep. Ron Paul (R-Texas). Responding to Bernanke's op-ed in The Washington Post this past weekend, in which the Federal Reserve chairman said that Paul's bill to audit the Fed would harm the U.S. economy, the Texas congressman accused Bernanke of dodging responsibility for his role in causing the recession. "He claims that they're rescuing, and making things better. But he takes no responsibility for causing all the problems," Paul said during an appearance on the Fox Business Network. "So I think it's a...
  • Mishkin Calls Ron Paul Fed-Audit Bill Dangerous (Fed attacks Ron Paul)

    12/01/2009 1:15:22 PM PST · by rabscuttle385 · 38 replies · 1,344+ views
    Bloomberg | 2009-12-01
    Link only, per FR copyright rules
  • Federal Reserve tries theater ads to burnish its image (by encouraging more credit card spending)

    11/27/2009 11:38:24 AM PST · by rabscuttle385 · 8 replies · 485+ views
    Spots urging shoppers to use their credit cards wisely will be shown on big screens in 12 U.S. cities. The central bank has long been accused of neglecting its consumer protection duties. BY JIM PUZZANGHERA Washington - The Federal Reserve isn't too popular these days, what with its failure to predict or prevent the financial crisis and recession, not to mention its involvement in last year's bailouts. Rep. Ron Paul (R-Texas) has a bestselling book out called "End the Fed," and some lawmakers are looking to cut back the central bank's power. It sounds like a perfect time for an...
  • Audit the Fed Attached as an Amendment (Ron Paul)

    11/23/2009 6:04:16 PM PST · by rabscuttle385 · 3 replies · 610+ views
    I was pleased last week when we won a vote in the Financial Services Committee to include language from the Audit the Fed bill HR1207 in the upcoming financial regulatory reform bill. As it stands now, if HR 3996 passes, because of this action, the Federal Reserves entire balance sheet will be opened up to a GAO audit. We will at last have a chance to find out what happened to the trillions of dollars the Fed has been giving out. Finally, the blanket restrictions on GAO audits of the Fed that have existed since 1978 will be removed. All...
  • CNBCs Regan Worries about 'Freshman Congressmen from Timbuktu'if Fed Audit Bill Passed

    11/20/2009 5:56:50 PM PST · by Rufus2007 · 4 replies · 610+ views
    NewsBusters ^ | November 20, 2009 | Jeff Poor
    It's an issue that libertarian Rep. Ron Paul, R-Texas, and Sen. Bernie Sanders (I-Vt.), a self-proclaimed socialist agree on: Congress should have the authority to call for the Federal Reserve to be audited. But it is also something that some in the financial media are reluctant to support, especially judging from the tone of CNBC "The Call" co-host Trish Regan and comments CNBC senior economics reporter Steve Liesman. On the Nov. 20 broadcast of "The Call," CME Group reporter Rick Santelli made the case that Federal Reserve should be audited. He cited opposition to the Fed audit proposal from Sen....
  • Judd Gregg: 'Political pandering' on Fed (Judd Gregg attacks Ron Paul)

    11/20/2009 12:54:14 PM PST · by rabscuttle385 · 13 replies · 692+ views
    Politico ^ | 2009-11-20 | Victoria McGrane
    A top Senate Republican lashed out against lawmakers of both parties for supporting legislation that would audit the Federal Reserve, accusing the bipartisan group of political pandering to populist anger. Sen. Judd Gregg, the top Republican on the Senate Budget Committee, says hes worried that politicians on Capitol Hill are sacrificing the Feds historic independence because the Fed has become unpopular during the economic crisis. This move to bring the Feds conduct of monetary policy under the control of Congress is a grave threat to our economy. Congress has demonstrated time and again its inability to manage the nations fiscal...
  • Greenspan, Volcker Opposed Ron Paul Audit Provision (say audit endangers price stability)

    11/19/2009 7:09:15 PM PST · by rabscuttle385 · 46 replies · 1,318+ views
    Former Federal Reserve chairman Alan Greenspan and Paul Volcker wrote the House Financial Services Committee earliy this month that they opposed a provision, backed by Rep. Ron Paul (R., Texas) that would expand the congressional Government Accountability Offices audits of the Fed. The committee, ignoring the pleas from the two, endorsed the provision Thursday. Greenspan and Volcker, in a letter sent to the committees chairman and ranking Republicans, warned that the provision threatened the ability of the Fed to foster price stability independent of political interference.
  • Michele Bachmann: The complete interview (she praises Ron Paul as a fiscal conservative)

    11/18/2009 2:19:53 PM PST · by rabscuttle385 · 21 replies · 827+ views
    City Pages ^ | 2009-11-18
    She sounds off on Ron Paul, health care, and, of course, liberty. BY MATT SNYDERS Michele Bachmann is a regular fixture on the cable news circuit. When it comes to print, however, she takes a more measured approach; she declined a phone interview with the New York Times last month, insisting on a Q&A via email. She gave City Pages the same deal. Here's what she had to say: City Pages: Your appearance with Rep. Ron Paul surprised some folks. At first blush, it would seem the two of you might come down on very different sides on a lot...
  • Where did $2 trillion in Fed funds go?

    11/09/2009 7:20:34 PM PST · by rabscuttle385 · 35 replies · 1,438+ views
    The San Antonio Express-News ^ | 2009-11-07 | David Hendricks
    A University of Texas at Austin LBJ School of Public Affairs professor called for an unprecedented audit of the Federal Reserve Bank balance sheet expansion of $2trillion during the 2007-09 financial industry crisis. During a San Antonio appearance Friday, Robert Auerbach, author of the 2008 book Deception and Abuse at the Fed, argued for an audit by the U.S. Government Accountability Office as he spoke at an event sponsored by the Henry B. Gonzalez Foundation for Inspiring Public Service in San Antonio. Auerbach, who served on the U.S. Housing Banking Committee staff when Gonzalez was chairman in the 1990s, said...
  • The Fed Is Already Transparent (Fed bankers attack Ron Paul, say audit will "stifle the recovery")

    11/09/2009 6:59:29 PM PST · by rabscuttle385 · 48 replies · 1,406+ views
    The central bank doesn't need more political interference as it decides when to move against inflation. BY ANIL K. KASHYAP and FREDERIC S. MISHKIN Under the banner of increasing Federal Reserve transparency, Congressman Ron Paul has sponsored a bill that would subject the Fed's monetary policies to an audit by the Government Accountability Office (GAO). The bill is a veiled attempt to undermine the Fed's independence. If it passes, it will cripple policy makingparticularly when it comes to inflation. It is completely appropriate to hold the Fed accountable for its decisions. But the Paul bill, H.R. 1207, will only produce...
  • A Less Than Opaque Look At Mel Watt's Motivations To Kill The "Audit The Fed" Bill

    11/02/2009 8:42:23 AM PST · by TigerLikesRooster · 11 replies · 577+ views
    Zero Hedge ^ | 11/02/09
    A Less Than Opaque Look At Mel Watt's Motivations To Kill The "Audit The Fed" Bill /snip The Tom Woods' congressional testimony last week Friday in favor of the 'Audit the Fed' bill had two very curious turns, he set off extremely hostile questioning from two congressmen, by the hearings Committee Chair Barney Frank and Representative Mel Watt. Every other Congressman that questioned Woods, and Fed General Counsel Alvarez, was seemingly concerned about where the money the Fed is printing is actually going. But not Frank and Watt. I discussed Frank's hostility, here. Watt was even more hostile. It looked...
  • Ron Paul: Bank-Connected Democrat Mel Watt Strips H.R. 1207 of Almost Everything

    11/02/2009 8:38:20 AM PST · by rabscuttle385 · 10 replies · 1,105+ views
    With most Americans outraged over the behavior of the Federal Reserve and the part it has played in the bailouts of huge institutions in the financial and automotive industries, Ron Paul introduced H.R. 1207, which would have required a full audit of the Federal Reserve and its activities, which crosses international lines. According to Rep. Ron Paul, R-Texas, the House Financial Service Committees panel on domestic monetary policy, Rep. Mel Watt, D-N.C., essentially stripped the bill of just about everything that would have required transparency, and pretty much is now worthless as to its original purpose of letting the American...
  • Ron Paul: Audit Fed 'gutted' in committee

    10/31/2009 10:10:33 PM PDT · by GoldStandard · 22 replies · 1,288+ views
    WorldNetDaily ^ | October 31, 2009 | Drew Zahn
    Rep. Ron Paul, R-Texas, has complained that the bill he sponsored calling for an audit of the Federal Reserve has been "gutted" by congressional committee, pointing specifically to a legislator whose campaign coffers have been boosted by the banking industry. As WND reported, Paul sponsored H.R. 1207, a bill requiring the Federal Reserve an organization that's independent from the U.S. government but nonetheless oversees U.S. monetary policy be opened to oversight by Congress. The plan compiled over 300 co-sponsors in the House before being sent to committee. But in a telephone interview with a Bloomberg reporter, Paul said...
  • Anything Less Than Full Disclosure is Unacceptable [Ron Paul]

    10/26/2009 8:09:25 PM PDT · by rabscuttle385 · 4 replies · 642+ views
    Last week a new bill was introduced in the Senate to audit the Federal Reserve. Some backers of my bill HR1207 and the existing Senate companion bill S.604 were a little miffed at this, but depending on how you think about it, this new legislation poses no great threat to our efforts. With the economy in shambles, people are looking for answers - not just because of lost savings on Wall Street, but because of lost houses on Main Street. Because of the many problems we face, the Federal Reserve and its powers over the economy have come under scrutiny....
  • It's Ron Paul's world, we can only read about it

    10/06/2009 2:31:59 PM PDT · by Palin Republic · 45 replies · 1,431+ views
    WSJ ^ | Oct. 6, 2009 | David Weidner
    NEW YORK (MarketWatch) -- Ron Paul has America hungry. The former presidential candidate and 11-term Republican congressman from Galveston, Texas, seems to be doing what few have succeeded at: rallying support for radical change in Washington, on Wall Street and in the world. Paul, who rattled the Republican base with a strong showing in several primaries and caucuses last year, is upping the ante. He has a new and timely book, "End the Fed," and has been making a big media tour, including a stop on The Daily Show with Jon Stewart last Tuesday. "It's hard to enforce the laws...
  • House support for Fed audit passes 300; Hearings already under way on transparency move

    10/05/2009 12:04:21 AM PDT · by rabscuttle385 · 8 replies · 716+ views
    World Net Daily ^ | 2009-10-03
    The prime sponsor of a plan to audit the Federal Reserve, which oversees U.S. monetary policy, U.S. Rep. Ron Paul, R-Texas, says his plan has reached 300 co-sponsors in the U.S. House. The legislation calls for a full and complete audit of the Federal Reserve by the Government Accountability Office, reported to Congress by the end of 2010. "I continue to be pleased that so many of my colleagues are willing to stand up for transparency and accountability in government by cosponsoring this bill," Paul said today.

    10/01/2009 7:24:13 PM PDT · by TheFreedomPoster · 14 replies · 599+ views
    THE FREEDOM POST ^ | October 1, 2009 | TheCapitalist
    In an interview with Bloomberg yesterday, former Federal Reserve Chairman Alan Greenspan warned about possible future inflation and higher taxes as consequences for the unprecedented deficit spending taking place in the United States.
  • Officials: Fed will need to boost rates quickly

    09/29/2009 8:15:00 PM PDT · by Palin Republic · 11 replies · 766+ views
    AP ^ | September 29, 2009 | Jeannine Aversa
    Although Fisher has a reputation for being one of the Fed's toughest inflation fighters, it marked the second such warning by a central bank official in recent days. Fed member Kevin Warsh on Friday said the central bank will need to move swiftly when the time comes to raise rates. Charles Plosser, president of the Federal Reserve Bank of Philadelphia and also a hawk against inflation, waded into the debate in a speech Tuesday in Easton, Pa., saying the Fed may need to act "well before" unemployment -- now at a 26-year high of 9.7 percent -- returns to normal....
  • Exclusive Smoking Gun: The Fed On Gold Manipulation

    09/28/2009 11:17:08 PM PDT · by FromLori · 21 replies · 1,377+ views
    Zero Hedge ^ | 9/27/09
    Zero Hedge has recently presented several declassified documents from the pre-1971 "Nixon Shock" days, that endorse the case for gold as a major historical factor in US monetary and foreign policy, as demonstrated by State Department and CIA disclosure. Gold's special status in policy and administrative decision-making was a direct factor in Nixon's choice to abolish the gold reserve at a time of an exploding budget deficit. Yet what about the days after 1971, and specifically, how did that critical "behind the scenes" organization, the Federal Reserve, perceive and manipulate gold in the post Bretton-Woods world? Was gold, freed from...
  • U.S. Government Gold Manipulation Document Declassified

    09/29/2009 9:44:57 AM PDT · by Kozman · 10 replies · 779+ views
    The Federal Reserve, in the 1970's, had a secret agreement with the German government whereby the German government agreed not to buy gold in the open market, or from other governments, at a price above the then-official U.S. government price of $42.22 per ounce, despite the fact that the open market price for gold was then trading between $160 to $175 per ounce...
  • The Real Reasons Behind Fed Secrecy [Ron Paul]

    09/29/2009 1:07:43 AM PDT · by rabscuttle385 · 11 replies · 1,485+ views
    Last week I was very pleased that the Financial Services Committee held a hearing on the Federal Reserve Transparency Act, HR 1207. The bill has 295 cosponsors and there is also strong support for the companion bill in the Senate. This hearing was a major step forward in getting the bill passed. I was pleased that the hearing was well-attended, especially considering that it was held on a Friday at nine oclock in the morning! I have been talking about the immense, unchecked power of the Federal Reserve for many years, while the attention of Congress was always on other...