Ron Paul's Bill Has 213 Co-Sponsors!

[Galileo]

Ron Paul's Bill Has 213 Co-Sponsors!

Audit of Federal Reserve nearing critical mass

Rep. Paul plan has 213 co-sponsors in 435-member U.S. House

Posted: June 11, 2009

By Bob Unruh

© 2009 WorldNetDaily

A plan by U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve today lacks only a handful of signatures on a list of co-sponsors to hold a majority in the U.S. House.

Officials with Paul's office have confirmed to WND there now are 213 cosponsors signed onto H.R. 1207, the Federal Reserve Transparency Act of 2009 that demands an audit of the organization.

Paul long has opposed the power held by the Federal Reserve and its ability to manipulate the nation's economy and over the years has launched multiple proposals to get rid of the quasi-governmental agency, without significant support.

(Story continues below)

http://www.facebook.com/ext/share.php?sid=90511697608&h=X3J7N&u=Su4F0&ref=nf

This spells doom for the NWO!

:cool:

[Sword_Of_Truth]

As an ex-tinfoiler, allow me to say "why not"?

Part of the problem that makes people like me so vulnerable to conspiracism is that the manner in which our monetary system appears arcane and all but unfathomable to the lay person or anyone without a PhD in economics.

A little more transparency should do the system some good and help to allay the fears and suspicions of those who don't fully understand how it all works.

[Thunder]

This spells doom for the NWO!



;) Not if I have anything to do with it!!

[Chaos]

Baes on the claims and the author of the opening post, I am willing to bet that Ron Paul has found not a single co-sponsor for his bill in all of Congress.

[BeAChooser]

Baes on the claims and the author of the opening post, I am willing to bet that Ron Paul has found not a single co-sponsor for his bill in all of Congress.

How much you willing to bet? :D

http://www.cnbc.com/id/31206243/ "Ron Paul's Audit the Fed Bill Hits 207 Co-Sponsors House Minority Leader Boehner joins bi-partisan coalition supporting Federal Reserve transparency"

http://www.reuters.com/article/pressRelease/idUS155482+10-Jun-2009+BW20090610 "Ron Paul`s Audit the Fed Bill Hits 207 Co-Sponsors"

http://www.economicpolicyjournal.com/2009/03/cosponsors-of-ron-pauls-bill-to-audit.html "Co-Sponsors of Ron Paul's Bill to Audit the Fed"

[Galileo]

Audit the Fed Bill Reaches 218+

Audit the Fed Bill Reaches Crucial Benchmark

http://digg.com/d1tZyG

[Sword_Of_Truth]

You know the NWO agents are already fixing the books that will be audited, don't you?

[Galileo]

You know the NWO agents are already fixing the books that will be audited, don't you?

They have a lot of work to do, the Fed has not been audited since the 1950s.

[Sword_Of_Truth]

They have a lot of work to do, the Fed has not been audited since the 1950s.

They have a lot of agents.

[Galileo]

They have a lot of agents.

perhaps Ron Paul can introduce a bill to hire some more, they are going to need them!

[GreyICE]

Sure! I mean Paul is a nutjob, but why the hell not? Audit that thing, clearly SOMETHING hasn't been going right over there.

[Galileo]

Where are the audit and regulate control freaks when we need them?

[Galileo]

Where is everybody???

[Pardalis]

What's Ron Paul's stance on human cloning?

[The Platypus]

If the fabled "NWO" are supposedly in total control of everyone in the gov't, with the mysterious exception of the lunatic fringe messiah, Ron Paul somehow. (which is utterly ridiculous in the first place)

Then where why are there 200+ supposed "NWO" puppets co-sponsoring this bill to audit the federal reserve which is supposed to expose and bring down this "NWO" group and the entire puppet regime?

These cults can never even seem to at least keep their nonsense consistent...

[Galileo]

Fed Would Be Shut Down If It Were Audited, Expert Says

The Federal Reserve's balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant's Interest Rate Observer, told CNBC.

With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny normally afforded other institutions, Grant said in a live interview.

"If the Fed examiners were set upon the Fed's own documents—unlabeled documents—to pass judgment on the Fed's capacity to survive the difficulties it faces in credit, it would shut this institution down," he said. "The Fed is undercapitalized in a way that Citicorp is undercapitalized."

http://www.cnbc.com/id/31204170

Galileo's comment:

Can we bailout the Fed?

:-)

[GreyICE]

What's Ron Paul's stance on human cloning?

It's how they're going to get cheap labor for the Meximerican through way.

[Foolmewunz]

Nothing wrong with auditing the Fed. Nothing wrong with auditing any big government bureaucratic morass.

He's bound to get something right once in a while.

[Galileo]

If the fabled "NWO" are supposedly in total control of everyone in the gov't, with the mysterious exception of the lunatic fringe messiah, Ron Paul somehow. (which is utterly ridiculous in the first place)

Then where why are there 200+ supposed "NWO" puppets co-sponsoring this bill to audit the federal reserve which is supposed to expose and bring down this "NWO" group and the entire puppet regime?

These cults can never even seem to at least keep their nonsense consistent...

If the NWO can have a conspiracy, why can't the U.S. congress have their own conspiracy?

So there!

:dc_biggrin::dc_chief::dc_tongue:

[GreyICE]

If the NWO can have a conspiracy, why can't the U.S. congress have their own conspiracy?

So there!

Have you seen congress? Like really? I doubt they could conspire to wear the same color shoelaces.

You randomly select 100 employees for your business based on personal charisma, popularity in their local party structure, skill at maneuvering, and ability to keep everyone happy.

You use a process that tends to select egotists, ignores interpersonal dynamics, and doesn't even begin to attempt to fill in the skill sets needed for the job from every person (which are far more than any 1 person could ever possess).

You then see how the business runs.

The house is the same, only the egotists spend half the time campaigning because they have 2 year terms.

You throw in dicks who keep running on term limits, which basically propose we throw the bastards out right about the time they get the training they need for the job, and you have a recipe for disaster.

[LightinDarkness]

This just further proves the NWO doesn't exist, and the CT mythology about the Federal Reserve is just that - mythology.

If the NWO really existed and the Federal Reserve was as powerful as you thought the bill wouldn't even get this far.

What the conspiracy whackjobs don't understand is that the federal reserve is audited MULTIPLE TIMES A YEAR by independent firms, and no problems have been found. The CTs don't seem to get this - I hope this passes so that Congress officially audits them and well find that...yet again...nothing is there to make a fuss about. Of course then the CTs will insist the damming evidence was somehow hidden by the NWO.

[Galileo]

This just further proves the NWO doesn't exist, and the CT mythology about the Federal Reserve is just that - mythology.

If the NWO really existed and the Federal Reserve was as powerful as you thought the bill wouldn't even get this far.

What the conspiracy whackjobs don't understand is that the federal reserve is audited MULTIPLE TIMES A YEAR by independent firms, and no problems have been found. The CTs don't seem to get this - I hope this passes so that Congress officially audits them and well find that...yet again...nothing is there to make a fuss about. Of course then the CTs will insist the damming evidence was somehow hidden by the NWO.

The NWO is just a label, it is not a real organization.

[Audible Click]

The NWO is just a label, it is not a real organization.

We want you to think that.

[Galileo]

We want you to think that.

The REAL conspiracy is the lack of media coverage of Ron Paul's bill!

[BenBurch]

This guy doesn't even know that RP is the CHAIRMAN EMERITUS of the NWO.

:dl:

[The Platypus]

The NWO is just a label, it is not a real organization.

The 911 cult minions do make it quite obvious that the NWO is just a buzz word for the jews. It's the same old tired pathetic game of "jews control the gov't, the media, the world, the money, etc, just with a new twist. Kinda like creationism becoming "intelligent design".

But you have to be the first cult minion i have ever seen admit that they know the NWO is not real. Amazing.

[Gangularis]

The 911 cult minions do make it quite obvious that the NWO is just a buzz word for the jews. It's the same old tired pathetic game of "jews control the gov't, the media, the world, the money, etc, just with a new twist. Kinda like creationism becoming "intelligent design".

But you have to be the first cult minion i have ever seen admit that they know the NWO is not real. Amazing.

That's not true. Some NWO believers may think it's just "the jews" (mostly Neo-Nazis and white supremacists).. most of them think it's the "bankers" .. if you watch The Obama Deception, they repeatedly talk about how the NWO is an Anglo-American New World Order.. nothing is mentioned about the jews, and last I checked, Rockefeller isn't a jew, and they consider him a head piece for the NWO.

[Ysidro]

That's not true. Some NWO believers may think it's just "the jews" (mostly Neo-Nazis and white supremacists).. most of them think it's the "bankers" .. if you watch The Obama Deception, they repeatedly talk about how the NWO is an Anglo-American New World Order.. nothing is mentioned about the jews, and last I checked, Rockefeller isn't a jew, and they consider him a head piece for the NWO.

But then again, a lot of the time "bankers" means "jewish bankers". And I think I've heard at least one neo-nazi idjit claim Rockefeller was a jew. They don't let reality get in their way!

[Skeptic]

Ah, "The Obama Deception". You mean how the same NWO that will cancel the elections and enshrine Bush as a dictator for life by fixing another 9/11-style event every few months was really working to get Obama elected ALL ALONG???

Now I'm totally confused.

[The Platypus]

That's not true. Some NWO believers may think it's just "the jews" (mostly Neo-Nazis and white supremacists).. most of them think it's the "bankers" .. if you watch The Obama Deception, they repeatedly talk about how the NWO is an Anglo-American New World Order.. nothing is mentioned about the jews, and last I checked, Rockefeller isn't a jew, and they consider him a head piece for the NWO.

First you say "that's not true" but then you contradict yourself and admit that some do think it's the jews. So then it is true...

It's the neo nazi and white supremacists that helped start and grow the 911/NWO paranoid cults. One of the very first 911 made up claims was that jews were tipped off and didn't show up for work that day. The jew hating lunatic fringe has been playing this game for a long time. Who else also wants to bring down the federal reserve, they do, why, j.e.w.s....

Sure they say "bankers", like am i supposed to pretend that i've never heard the old rants about how the banks and financial systems are controlled by who, jews.. Like i said, this is old jew hater rhetoric redressed and repackaged, nothing new here.

I can almost pick a 911 cult forum, conspiracy NWO forum or a Ron Paul forum at random and it's full of jews this, zionists that, mossad this and israel that...

BTW, I have also seen Rockefeller called a jew, and undercover secret jew, a puppet to the jews, a zionist, etc etc, more times than i can count by the minions of these conspiracy cults...

Nice try but it sure all looks like the same anti-jew nonsense to me...

[timhau]

This spells doom for the NWO!


Q: How do you spell doom for the NWO?
A: K-o-o-k.

[Foolmewunz]

The REAL conspiracy is the lack of media coverage of Ron Paul's bill!

The really REAL conspiracy is your inability to go to a MSM site and find the article, but still find the one you cited above from some market adviser saying that the Fed could be shut down if audited.

Yet here's the same site, CNBC, covering Paul's bill and its ascent to bipartisan support.

http://www.cnbc.com/id/31206243/

Fail.

[Oliver]

What's Ron Paul's stance on human cloning?


I heard his stance is to clone french Canadians to infiltrate and derail "Ron Paul's proposed Bills"-threads at JREF. :D :p

But kidding aside, I didn't read the Bill yet, but I don't see a disadvantage for the electorate putting some transparancy onto the FED. Are there any?

[Oliver]

Mhmm, the short bill sounds rather unspectacular to me ...

http://www.govtrack.us/congress/billtext.xpd?bill=h111-1207

[DC]

i wish Ron Paul was Swiss, we need a Ron Paul for our National Mafia Bank.

[Sword_Of_Truth]

i wish Ron Paul was Swiss,

A sentiment shared by millions of Americans.

[Eddie Dane]

i wish Ron Paul was Swiss, we need a Ron Paul for our National Mafia Bank.

Or Somali. That would be cool.

[DC]

A sentiment shared by millions of Americans.

source?

[Oliver]

source?


gop :-d

[Alt+F4]

The REAL conspiracy is the lack of media coverage of Ron Paul's bill!

This bill is hardly news. Like the majority of bills, it probably won't ever get out of committee.

[The Central Scrutinizer]

You know the NWO agents are already fixing the books that will be audited, don't you?

They don't have to fix them. They'll just swap them out for the fake books.

[Donal]

They have a lot of work to do, the Fed has not been audited since the 1950s.


So, are you willfully lying or do you just refuse to do any research?

http://www.publiceye.org/conspire/flaherty/flaherty6.html

http://www.newyorkfed.org/aboutthefed/audit.html

And does anyone know what Paul's bill actually says?

It really doesn't do much except increase government spending and inflate a few egos.

[Alt+F4]

And does anyone know what Paul's bill actually says?

It really doesn't do much except increase government spending and inflate a few egos.

Yup, and it's a one-time only audit.

[INRM]

The Central Scrutinizer makes a very good point. There's not going to be any reliable information, they'll just swap in fudged data and we'll be none the wiser.

[Alt+F4]

The Central Scrutinizer makes a very good point. There's not going to be any reliable information, they'll just swap in fudged data and we'll be none the wiser.

Ron Paul must know this too, so why did he introduce this legislation in the first place?

[Gangularis]

First you say "that's not true" but then you contradict yourself and admit that some do think it's the jews. So then it is true...

It's not much of a contradiction. Pretend I put "entirely" after not.


It's the neo nazi and white supremacists that helped start and grow the 911/NWO paranoid cults. One of the very first 911 made up claims was that jews were tipped off and didn't show up for work that day. The jew hating lunatic fringe has been playing this game for a long time. Who else also wants to bring down the federal reserve, they do, why, j.e.w.s....

Sure they say "bankers", like am i supposed to pretend that i've never heard the old rants about how the banks and financial systems are controlled by who, jews.. Like i said, this is old jew hater rhetoric redressed and repackaged, nothing new here.

I can almost pick a 911 cult forum, conspiracy NWO forum or a Ron Paul forum at random and it's full of jews this, zionists that, mossad this and israel that...

BTW, I have also seen Rockefeller called a jew, and undercover secret jew, a puppet to the jews, a zionist, etc etc, more times than i can count by the minions of these conspiracy cults...

Nice try but it sure all looks like the same anti-jew nonsense to me...

They may have helped start NWO paranoia, but that doesn't mean most NWO believers think the NWO = teh Jews.

[MattusMaximus]

Ah, "The Obama Deception". You mean how the same NWO that will cancel the elections and enshrine Bush as a dictator for life by fixing another 9/11-style event every few months was really working to get Obama elected ALL ALONG???

Now I'm totally confused.

That's because the NWO has finally perfected its mind control technology. You didn't actually think all those digital TV conversion boxes were meant to convert digital signals, did you? Sucker!

[/sarcasm] :)

ETA: Speaking of the "Obama Deception", take a look at this link (http://www.davidicke.com/content/view/18281) over at the David Icke forums. This has got to be some of the craziest crap I've ever seen :rolleyes:

[pchams]

What is wrong with a public audit no matter your affliliation?
That's checks and balances 2.0

[Alt+F4]

A lot of people are jealous that Ron Paul thought of the idea first.

Wrong - Ron Paul did not think of it first, Rep. Henry Gonzalez did in 1993.

It was H.R. 28 - "The Federal Reserve Accountability Act of 1993". If it had become law, this bill would have made changes to how Fed officials were appointed, given the public access to information about Fed meetings, and mandated annual audits of the Fed. It died in committee.

http://thomas.loc.gov/cgi-bin/bdquery/z?d103:HR00028:@@@P

[Donal]

What does this have to do with auditing the Fed? A lot of people are jealous that Ron Paul thought of the idea first.

No, the Fed is audited several times every year. Internally and externally. They've been doing this voluntarily. Read the links I posted earlier.

The report is currently available to all relevant parties. Ron Paul is pushing for the reports to be hand delivered to a whole bunch of people that don't need it. Which explains why it is getting the support in the House. Some of them get to look more important.

All St. Ron is doing is increasing government spending.

THANKS, RON!

[Galileo]

Wrong - Ron Paul did not think of it first, Rep. Henry Gonzalez did in 1993.

It was H.R. 28 - "The Federal Reserve Accountability Act of 1993". If it had become law, this bill would have made changes to how Fed officials were appointed, given the public access to information about Fed meetings, and mandated annual audits of the Fed. It died in committee.

http://thomas.loc.gov/cgi-bin/bdquery/z?d103:HR00028:@@@P

Gonzalez, from Texas, got his idea from fellow Texan Ron Paul. Fail.

[Alt+F4]

Gonzalez, from Texas, got his idea from fellow Texan Ron Paul. Fail.

A lie.

Try reading "Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank" by Robert D. Auerbach

[Myriad]

Discussion of Ron Paul and Earmarks has been split to: http://forums.randi.org/showthread.php?t=145473.

[The Platypus]

They may have helped start NWO paranoia, but that doesn't mean most NWO believers think the NWO = teh Jews.

The racist/anti semite wing did allot more than help start this garbage, like i said, pick one of their forums right now, at random, they are loaded with jews this, zionist that, mossad this, isreali that.

As well as being peppered with the old typical jew stereotypes such as "it's the bankers", "it's 'someone' that controls the media", "an unnamed 'they' controls the US gov't, etc...

Not to mention this major obsession they have for The Federal Reserve, which has long been claimed by the lunatic fringe to be started, run by and controlled by jews.

So if this isn't saying "it's the jews", then who is it? What are the other options? Who exactly is the NWO? And if this NWO (whoever they may be) controls all the politicians (except ron paul somehow), then why are so many co-sponsors to this bill and why hasn't the NWO put a stop to them?

[Galileo]

A lie.

Try reading "Deception and Abuse at the Fed: Henry B. Gonzalez Battles Alan Greenspan's Bank" by Robert D. Auerbach

I see you say "a lie", rather than "the lie". What I say is not a lie, you must be referring to a different lie. If you are deceptive in this forum, you will be found out, we have some smart cookies who dwell here.

[Alt+F4]

I see you say "a lie", rather than "the lie". What I say is not a lie, you must be referring to a different lie. If you are deceptive in this forum, you will be found out, we have some smart cookies who dwell here.

Prove me wrong.

[Oliver]

So what about the Bill itself, bad idea or what?

[Alt+F4]

So what about the Bill itself, bad idea or what?

Wasteful, useless.

[jmercer]

Moved to CT due to the predominance of NWO stuff... starting with the OP, in fact. Please keep conspiracy discussions in the CT sub-forum and not Politics, please.

[Aidoneus]

Galileo, why is this audit going to be different from all the other audits that have taken place frequently since the creation of the Federal Reserve?

Also, why did those audits find nothing wrong with the Federal Reserve (or at least certainly nothing conspiratorial)?

[Galileo]

Galileo, why is this audit going to be different from all the other audits that have taken place frequently since the creation of the Federal Reserve?

Also, why did those audits find nothing wrong with the Federal Reserve (or at least certainly nothing conspiratorial)?

There has not been a real audit of the Fed since the 1950s. But recently, real audit's with teeth have worked.

For example, Bernie Madoff had been audited for over 20 years, while printing up fake monetary statements, but then a real audit caught him.

Now, with the Fed, Ron Paul, Dennis Kucinich and Bernie Sanders will also see to it that a real audit with teeth is done. Perhaps it will be found out the Fed money is like the Madoff money.

[Galileo]

Moved to CT due to the predominance of NWO stuff... starting with the OP, in fact. Please keep conspiracy discussions in the CT sub-forum and not Politics, please.

The only conspiracy here, is the one organized by Ron Paul to audit the Fed.

[Galileo]

Wasteful, useless.

Do you think they can find out what happened to the missing $9 trillion dollars? Or at least a few billion of it?

[Donal]

There has not been a real audit of the Fed since the 1950s.

Why were all the other audits not real?

But recently, real audit's with teeth have worked.

You mean the audits that weren't real?

For example, Bernie Madoff had been audited for over 20 years, while printing up fake monetary statements, but then a real audit caught him.

No, the people invested in his scam all demanding their money caught him. The audit just showed how it happened.

Now, with the Fed, Ron Paul, Dennis Kucinich and Bernie Sanders will also see to it that a real audit with teeth is done. Perhaps it will be found out the Fed money is like the Madoff money.

Why would this audit be different than all the other audits?

By the way, this bill doesn't actually call for an audit. It just adds stipulations that were already being practiced or are just wastes of time and money.

[Alt+F4]

Do you think they can find out what happened to the missing $9 trillion dollars? Or at least a few billion of it?

Of course not. Every person who works for the government (myself included) knows that a "government inspection" is always announced in advance so things can be put in proper order for the inspection.

Ron Paul must know this too, so this sill bill is nothing but political grandstanding.

[Galileo]

Why were all the other audits not real?



You mean the audits that weren't real?



No, the people invested in his scam all demanding their money caught him. The audit just showed how it happened.



Why would this audit be different than all the other audits?

By the way, this bill doesn't actually call for an audit. It just adds stipulations that were already being practiced or are just wastes of time and money.

There hasn't been an audit of the Fed since the 1950s.

[Galileo]

Of course not. Every person who works for the government (myself included) knows that a "government inspection" is always announced in advance so things can be put in proper order for the inspection.

Ron Paul must know this too, so this sill bill is nothing but political grandstanding.

Where da ya think they'll put the $9 trillion?

[Blender Head]

ETA: Speaking of the "Obama Deception", take a look at this link (http://www.davidicke.com/content/view/18281) over at the David Icke forums. This has got to be some of the craziest crap I've ever seen :rolleyes:

It's like a "Greatest Hits" of batpoo craziness!

[Aidoneus]

There hasn't been an audit of the Fed since the 1950s.

^^Lie^^

[Galileo]

^^Lie^^

I'm talking a real audit, that uncovers where the money goes.

[Sword_Of_Truth]

The only conspiracy here, is the one organized by Ron Paul to audit the Fed.

How is submitting a bill before the US congress and telling all 435 representatives about it constitute a conspiracy?


Do you understand what the word "conspiracy" means?

[Donal]

There hasn't been an audit of the Fed since the 1950s.


Yes there has. There are several every year. I posted links providing info about them. If you have specific reasons why you are not satisfied by them (besides them not painting the Fed as some sort of criminal enterprise), by all means, share them.

[Aidoneus]

I'm talking a real audit, that uncovers where the money goes.

In that case, prove that the audits (sources provided by Donal) are corrupt (I assume you are implying that they were corrupt. I apologise if you feel I'm misrepresenting you).

[jhunter1163]

last I checked, Rockefeller isn't a jew,

You checked this HOW?

Actually, don't answer. I don't want to know.

[LightinDarkness]

So what about the Bill itself, bad idea or what?

The bill itself is little more than ground zero for a political circus encouraged by the woo-woo community and politicians who are looking to have their egos inflated. No one has a problem with auditing the Federal Reserve - except its been done countless times by independent firms. We can do it again, but the if the last 100 audits haven't shown anything unusual this one won't either.

Its just a waste of money, which is ironic because its a Ron Paul cause. The entire thing is based on a well debunked conspiracy myth: that the Federal Reserve has somehow never been audited. This conspiracy myth has been around as long as the conspiracy movement, and it's been debunked countless times:


Since its inception in 1913 the Federal Reserve System has been subjected to a variety of financial and performance audits by Congress, the executive branch, and private accounting firms, although responsibility for this task has shifted from time to time. From 1913 to 1921 the Board of Governors, then known as the Federal Reserve Board which sets monetary policy and regulates the activities of the Federal Reserve Banks, was audited annually by the U.S. Treasury Department. In 1921 Congress created the Government Accounting Office (GAO) and assigned it to audit the Board until 1933. In the Banking Act of 1933, Congress voted specifically to remove the Board from the GAO's jurisdiction. From 1933 to 1952 audit teams from the twelve Federal Reserve Banks performed the annual examination of the BOG's books. From 1952 to 1978, the Board, under authorization from Congress, decided to employ nationally recognize accounting firms to conduct the audits of itself to insure independent oversight. This provided an external evaluation of the adequacy and effectiveness of the examination procedures.1

In 1978 Congress passed the Federal Banking Agency Audit Act (31 USCA §714). It placed the Federal Reserve System back under the auditing authority of the GAO. The Act significantly increased the access of the GAO to the Federal Reserve Banks, the Board, and the Federal Open Market Committee (the FOMC). Since then, the GAO has conducted over 100 financial audits and performance audits of the three Federal Reserve bodies.

http://www.publiceye.org/conspire/flaherty/flaherty6.html

Even the source notes every year someone seeking to start a political circus introduces legislation to audit the federal reserve even though all these other audits are going on. Its like the yearly bill to start a draft - all show. The one and only reason why its gotten any traction thus far is the general public ignorance on the issue combined with the economic conditions. Its a devil's brew letting paranoia and stupidity usually confined to the CT realm permeate through Congress.

In the end, this charade is simply the height of Washington political theater: nothing more, nothing less.

[Travis]

I fail to see how a bill authorizing something that already happens (audits of the Fed) is supposed to take down something that doesn't exist (the NWO). Maybe we should also pass a bill authorizing FEMA to plan for major floods in order to exterminate the Smurfs?

[abenja1]

Galileo is an NWO shill. He quoted an MSM article which means he's a shill.

I have to say, it seems RP has some sort of Messiah complex, where he thinks everything he does is infalliable, perfect, and right.

[Chaos]

How is submitting a bill before the US congress and telling all 435 representatives about it constitute a conspiracy?


Do you understand what the word "conspiracy" means?

That´s easy. All the secret conspiracies fail, because CTer geniuses like Galileo are immediately onto them.

Thus, the only way to sneak your conspiracy past the watchful eyes of the Internet Conspiracy Watch is to put it all out there in public, because the CTer would never believe that something which is out there in public is actually genuine.

[jhunter1163]

Maybe we should also pass a bill authorizing FEMA to plan for major floods in order to exterminate the Smurfs?

I'd be all for this bill.

[Travis]

I'd be all for this bill.

Well, that's just Smurftastic.

[LightinDarkness]

I fail to see how a bill authorizing something that already happens (audits of the Fed) is supposed to take down something that doesn't exist (the NWO). Maybe we should also pass a bill authorizing FEMA to plan for major floods in order to exterminate the Smurfs?

Don't forget, the wooists also claim that auditing the federal reserve will somehow "take it down" and "end the fed" itself - not just the NWO. Of course, when you point out to them that its been audited 100+ times and no problems have been found they just look at you and aren't quite sure what to say.

How can so many people be this dumb and completely fail to even google the issue before blindly supporting it? Silly me, were talking about conspiracy theorists...I should know better than to assume that crowd would do such rational things.

[Foolmewunz]

Galileo is an NWO shill. He quoted an MSM article which means he's a shill.

I have to say, it seems RP has some sort of Messiah complex, where he thinks everything he does is infalliable, perfect, and right.

Actually, RP isn't the one with the Messianic problems, it's his followers. RP is just this year's Lyndon LaRouche; a borderline fringe candidate who will always be out there to appeal to those with very limited horizons.

Those people seem to need a leader. And this year's model is Ron Paul.

Because of the Ronulan's devotion, Ron hasn't had to really defend his earmarks as you'll note. He made one response during the campaign IIRC - the rather feeble excuse that he just does it to show how bad the system is, and the Ronulans have carried on the defense from there. And now it's 2009 and he's not running for President, and he's back doing earmarks. (Just to show how bad the system is, I'm sure.)

[abenja1]

Actually, RP isn't the one with the Messianic problems, it's his followers. RP is just this year's Lyndon LaRouche; a borderline fringe candidate who will always be out there to appeal to those with very limited horizons.

Those people seem to need a leader. And this year's model is Ron Paul.

Because of the Ronulan's devotion, Ron hasn't had to really defend his earmarks as you'll note. He made one response during the campaign IIRC - the rather feeble excuse that he just does it to show how bad the system is, and the Ronulans have carried on the defense from there. And now it's 2009 and he's not running for President, and he's back doing earmarks. (Just to show how bad the system is, I'm sure.)

In retrospect you are right, it is more of his followers. Speaking of earmarks I wonder how much RP has requested this year.

I still would like Galileo to answer if he's an NWO shill or not considering he cited a MSM article, a no-no in supposedly in the truther world.

[Foolmewunz]

In retrospect you are right, it is more of his followers. Speaking of earmarks I wonder how much RP has requested this year.

I still would like Galileo to answer if he's an NWO shill or not considering he cited a MSM article, a no-no in supposedly in the truther world.

Oooooops! I nearly posted one of those, "Hey can't you read?" posts and then realized that the mods split off part of the thread specifically dealing with his earmarks. Alt+F4 posted a list of over 200 million in 2009 earmarks in this thread (now in that thread).

ETA: Sorry Myriad/Mods - didn't really mean to digress into the derail - it was just an example in the larger discussion on Paul, Ronulans, etc....

[Galileo]

RP's bill ow has 232 co-sponsors.

[Galileo]

In retrospect you are right, it is more of his followers. Speaking of earmarks I wonder how much RP has requested this year.

I still would like Galileo to answer if he's an NWO shill or not considering he cited a MSM article, a no-no in supposedly in the truther world.

The MSM contributed mightily to Loose Change.

[twinstead]

The MSM contributed mightily to Loose Change.

Well. And we all know what a sterling piece of journalistic art LC was. :rolleyes:

It all seems so clear now. So, then you consider the MSM reliable when it supports your views, and unreliable when it doesn't?

[Foolmewunz]

The MSM contributed mightily to Loose Change.

You mean before the threats of lawsuits when the MSM "contributions" had to be removed?

The MSM "contributed" to LC much the same way JP Morgan could be said to have contributed to Murph the Surf.

[dudalb]

You mean before the threats of lawsuits when the MSM "contributions" had to be removed?

The MSM "contributed" to LC much the same way JP Morgan could be said to have contributed to Murph the Surf.

Your last line made me spill my coffee laughing.

[abenja1]

The MSM contributed mightily to Loose Change.

Still doesn't answer my question.

[abenja1]

Bump for Galileo

[Alt+F4]

RP's bill ow has 232 co-sponsors.

And it will die in committee, it's already been arranged.

[Sabrina]

I fail to see how a bill authorizing something that already happens (audits of the Fed) is supposed to take down something that doesn't exist (the NWO). Maybe we should also pass a bill authorizing FEMA to plan for major floods in order to exterminate the Smurfs?

Have you been watching Robot Chicken lately?

[stilicho]

And it will die in committee, it's already been arranged.

Even if it didn't, who cares? This thing is hardly the Federal Reserve Abolition Act.

I keep wondering what Ron Paul and the other anti-Fed people think is going to happen. That, at some point in the process, a bright-eyed young auditor is going to tap the enter key at the end of a long list of tabulations and leap to his feet squealing:

Aha! That's it! I knew it all along! We're broke! Our currency is fraudulent! It's all right here on Line 134930! See?

[dudalb]

Today the US houseof Representatives passed a resolution condeming the crackdown and the apparent voter fraud in Iran. Guess who the only guy in the house voting against it was?

[LightinDarkness]

Today the US houseof Representatives passed a resolution condeming the crackdown and the apparent voter fraud in Iran. Guess who the only guy in the house voting against it was?

You have got to be kidding me.

Seals the deal for me. RP has gone full fledged nutcase.

[zaphod2016]

You have got to be kidding me.

Seals the deal for me. RP has gone full fledged nutcase.

Nah, this is the typical MO for the good Dr. Paul. He votes against stuff like this all the time, and then defends it by saying "we need to worry about our own country before we get involved in theirs". It is an extension of his isolationist views, more so than any specific slight towards the Iranian people.

Disclosure: I strongly support the "Audit the Fed" bill & movement, but remain skeptical that it will do much more than raise public awareness and debate about the Fed.

[LightinDarkness]

Nah, this is the typical MO for the good Dr. Paul. He votes against stuff like this all the time, and then defends it by saying "we need to worry about our own country before we get involved in theirs". It is an extension of his isolationist views, more so than any specific slight towards the Iranian people.

Disclosure: I strongly support the "Audit the Fed" bill & movement, but remain skeptical that it will do much more than raise public awareness and debate about the Fed.

Yeah, from what I can remember he does this pretty routinely to emphasize his isolationist approach but he goes too far with it. In this case you don't have to be a interventionist to support the idea that beating up/murdering protesters is bad. It isn't a statement of foreign policy, its a statement of free speech - and if Ron Paul is the libertarian he claims he needs to act like it.

Can you please tell me why you support the "audit the fed" bill and movement when the Federal Reserve is already audited?

[abenja1]

Still waiting for Galileo to answer my question.

[Sabrina]

Still waiting for Galileo to answer my question.

I think you'll be waiting a while. Sorry. *pat pat*

[zaphod2016]

you don't have to be a interventionist to support the idea that beating up/murdering protesters is bad.

I agree 100%; and more pragmatically, this endless show-boating is what keeps Paul from being a viable national candidate.

Can you please tell me why you support the "audit the fed" bill and movement when the Federal Reserve is already audited?

Sure. In the interest of brevity, I will keep it to a few bullet points, but I'll be happy to expand in further posts.

1. Each branch bank is audited internally on a regular basis, however, HR1207 would demand an external auditor, and direct review by the Comptroller General to the Congress. In layman's terms- a new pair of eyes.

2. Although each branch bank is audited internally, auditing procedures differ among the 12 Reserve Banks (http://www.newyorkfed.org/aboutthefed/fedpoint/fed35.html). HR1207 would impose an agency-wide audit, starting with Ben Bernanke's offices in DC, and imposing the same standards to each of the branch banks. In layman's terms- standardization of audit proceedings.

3. The government agency currently responsible for Auditing the Fed. Reserve is the Government Accountability Office (GAO). HR1207 would return that responsibility directly to Congress. Furthermore, HR1207 bypasses several limitations placed on the GAO, for example, the ability to review agreements with other national banks.

In summary, HR1207 promises greater transparency, and if nothing else, puts the officers of the Federal Reserve on notice that they are being watched very carefully in this Great Age of Bailouts.

In practice, HR1207 provides a much-needed scapegoat for the thoroughly battered Republican party, and an opportunity for me to remind readers of the unprecedented $7 trillion USD in obligations taken on by the Fed since the election of Barack just a few short months ago.

Needless to say, I have moved past the "Money as Debt" version of Fed. Reserve woo, but remain ardently opposed to our current Bailout-o-nomics. I think the Fed has far too much influence, and that these actions are shortsighted, and more to the point, dangerous to the long-term integrity of US currency.

[Donal]

The Fed is audited by the GAO and private groups. Not just internally.

[zaphod2016]

The Fed is audited by the GAO and private groups. Not just internally.

See point #3 above.

[Donal]

See point #3 above.


Outside private firms. The Fed is audited very thoroughly. And the reason the Fed is not part of the government is so it can not be subjected to the whims of politicians or popular movements. Which is exactly what would happen if you put it directly subject to politicians (Congress).

[zaphod2016]

Donal, assuming you are correct, and this audit will be a complete waste of time, how does it hurt? What do we lose by allowing Dr. Paul his witch hunt?

I'd rather error on the side of transparency.

EDIT:

The Fed is audited very thoroughly. And the reason the Fed is not part of the government is so it can not be subjected to the whims of politicians or popular movements. Which is exactly what would happen if you put it directly subject to politicians (Congress).

I see two possibilities here:

1. Ron Paul finds nothing, proves himself a quack on his pet issue

2. Ron Paul finds something, and as a result, demands necessary changes to policy

As far as completely abolishing the Fed, returning to the gold standard, or introducing a new currency- such speculation is unhelpful at this stage. The audit may very well reveal that the Fed is doing an infallible job, and no change is necessary.

[LightinDarkness]

1. Each branch bank is audited internally on a regular basis, however, HR1207 would demand an external auditor, and direct review by the Comptroller General to the Congress. In layman's terms- a new pair of eyes.

Actually, since the 1980s, each branch has been audited by an external auditor, which is required by law. Why would putting external auditors - whose point is to operate externally and free of government influence - under a federal bureaucrat help anything?


2. Although each branch bank is audited internally, auditing procedures differ among the 12 Reserve Banks (http://www.newyorkfed.org/aboutthefed/fedpoint/fed35.html). HR1207 would impose an agency-wide audit, starting with Ben Bernanke's offices in DC, and imposing the same standards to each of the branch banks. In layman's terms- standardization of audit proceedings.

Each branch is audited externally by independent auditors, which is why they are all different. This is actually a good thing: a standardized audit with 1 external auditor means there are standardized loopholes. Different auditors makes it virtually impossible for systematic shenanigans to occur.


3. The government agency currently responsible for Auditing the Fed. Reserve is the Government Accountability Office (GAO). HR1207 would return that responsibility directly to Congress. Furthermore, HR1207 bypasses several limitations placed on the GAO, for example, the ability to review agreements with other national banks.

Again, where do you get this? Federal reserve branches are externally audited. Yes, they do have internal audits - EVERY organization does - but they are REQUIRED to be externally audited.

As someone that will soon have a PhD in Public Administration, I cannot stress what a terribly dumb idea it is to put auditing under the Congress. This politicizes the audit, and it makes it impossible for the audit to really be done in the proper manner. Congress has never been able to restrain itself from turning oversight authority into a political circus, and that won't change on this one either. There is a reason why after every "reform" we have to go back and turn oversight back to the professionals. The internal auditing is currently supervised by the Government Accountability Office, one of the most non-partisan and professionalized agencies in the government.



In summary, HR1207 promises greater transparency, and if nothing else, puts the officers of the Federal Reserve on notice that they are being watched very carefully in this Great Age of Bailouts.

I do not see any evidence of this, and I've read HR1207 (its short). What the bill does is shuffle around pre-existing auditing authority and it makes the audit a more political process which will make it less transparent. What this is called is political grand standing and political theater.



In practice, HR1207 provides a much-needed scapegoat for the thoroughly battered Republican party, and an opportunity for me to remind readers of the unprecedented $7 trillion USD in obligations taken on by the Fed since the election of Barack just a few short months ago.

If the Republican party targets the fed as their scapegoat they will lose. There are far too many educated republicans who would laugh at it. If they want to focus on the debt - focus on it. Not the federal reserve.



Needless to say, I have moved past the "Money as Debt" version of Fed. Reserve woo, but remain ardently opposed to our current Bailout-o-nomics. I think the Fed has far too much influence, and that these actions are shortsighted, and more to the point, dangerous to the long-term integrity of US currency.

I congratulate you on moving past the woo. I too am concerned about the massive government spending but this is ultimately not a function of the Federal Reserve. The only area the Federal Reserve has control over in terms of policy is the interest rates, the actual spending are policy decisions they have no control over.

[LightinDarkness]

Donal, assuming you are correct, and this audit will be a complete waste of time, how does it hurt? What do we lose by allowing Dr. Paul his witch hunt?

Did you not just state your concern for government spending and then say your in favor of a bill that will cost B I L L I O N S in pointless and needless line/staff restructuring by using the justification "how does it hurt"?

It hurts because its my money, and I'd rather not see more of it spent on something that not only duplicates what we do, but tries to duplicate it in a way that is disastrous.



1. Ron Paul finds nothing, proves himself a quack on his pet issue

Given that Ron Paul has access to all the audits done for the past 50 years for all branches, he knows he won't find anything. However, because this issue a conspiracy theory whackjob one, when nothing is found it will be complained about because it will just mean the NWO buried the results.


2. Ron Paul finds something, and as a result, demands necessary changes to policy

You assume Mr. Paul acts rationally. Whether he finds something (he won't) or not, he will still continue this crusade.

[dudalb]

I am looking forward to Ron Paul's meltdown when "Bruno" comes out.

[Juniversal]

I am looking forward to Ron Paul's meltdown when "Bruno" comes out.I as well. Watching Ron fly off the wire sounds like comedy to me haha.

[dudalb]

I as well. Watching Ron fly off the wire sounds like comedy to me haha.

And I am referring to his actions after seeing the movie, not just those in the movie.
Looks as if Paul was fooled by Sasha Cohen, bigtime.