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An American Traitor Guts Ron Paul's Bill
An American Traitor Guts Ron Paul's Bill
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 the teeth have been ripped out of the bill.
Like many, I think that Ron Paul is a well intended gentleman trying to do the right thing about an institution that is not what it seems. It is my intention, in starting this thread to open the topic for discussion.
CloudfireOnFire.com
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How can just one guy have the power to gut a bill like this? 
How does this work in your US political system? 
Cloudfire
Well there's always a silver lining in the cloud, I guess. In my case it's that I seem to be getting really good at making predictions! LOL. But, actually, I'm hoping some good could still come of this.
Let's face it. Just about all of us here knew this was never going to happen - at least not yet, anyway. Some people thought there would just be a complete cover-up - they would go ahead and do the audit, and declare everything to be perfectly balanced (or maybe for the purpose of realism, find some minor, irrelevant discrepancies). Others thought the purpose of the audit was to actually damage the Fed's reputation, thus paving the way for an easier transition to a new world central bank - the IMF, or the BIS, perhaps. None of these ideas were ever very comforting to me, so in my view, simply gutting the bill (which is what I expected from day one, anyway) is actually the least bad scenario!
But I don't think this is entirely bad news. First of all, we're nowhere near ready to dismantle the Fed, anyway. (Careful what you wish for) Until we figure out exactly what to replace it with, or unless we get the rest of the world onboard also (2 things we haven't even begun to do), as Barry Ritholtz says, it would just be akin to unilateral disarmament. But it also means the Fed isn't ready to cede power yet. Maybe estimates of the dollar's demise (as the world's reserve currency) are exaggerated, after all. Of course we already know they've got something to hide, but this would seem to indicate they're not convinced they can get away with it. Could they actually be a little bit afraid of us - we the people, that is?
I wouldn't get discouraged. We're in this for the long haul. We're just getting started (or at least we better be!) I'm sure the main stream media will do their best to ignore it, but I still think this will end up being a publicity nightmare for Congress and TPTB, and it only increases the stature of people like Ron Paul. (If Schiff gets past his primary, can you imagine him teeing off on Chris Dodd on this? - among just a few other things!) It's a lot to hope for, I guess, but I'm hoping maybe this could be another small step towards rousing the sleeping giant. It's frustrating, but remember, as the saying goes, the only battle you need to win, to win the war, is the last one!
Peace
Greg
Cloudfire
Well there's always a silver lining in the cloud, I guess. In my case it's that I seem to be getting really good at making predictions! LOL. But, actually, I'm hoping some good could still come of this.
Let's face it. Just about all of us here knew this was never going to happen - at least not yet, anyway. Some people thought there would just be a complete cover-up - they would go ahead and do the audit, and declare everything to be perfectly balanced (or maybe for the purpose of realism, find some minor, irrelevant discrepancies). Others thought the purpose of the audit was to actually damage the Fed's reputation, thus paving the way for an easier transition to a new world central bank - the IMF, or the BIS, perhaps. None of these ideas were ever very comforting to me, so in my view, simply gutting the bill (which is what I expected from day one, anyway) is actually the least bad scenario!
But I don't think this is entirely bad news. First of all, we're nowhere near ready to dismantle the Fed, anyway. (Careful what you wish for) Until we figure out exactly what to replace it with, or unless we get the rest of the world onboard also (2 things we haven't even begun to do), as Barry Ritholtz says, it would just be akin to unilateral disarmament. But it also means the Fed isn't ready to cede power yet. Maybe estimates of the dollar's demise (as the world's reserve currency) are exaggerated, after all. Of course we already know they've got something to hide, but this would seem to indicate they're not convinced they can get away with it. Could they actually be a little bit afraid of us - we the people, that is?
I wouldn't get discouraged. We're in this for the long haul. We're just getting started (or at least we better be!) I'm sure the main stream media will do their best to ignore it, but I still think this will end up being a publicity nightmare for Congress and TPTB, and it only increases the stature of people like Ron Paul. (If Schiff gets past his primary, can you imagine him teeing off on Chris Dodd on this? - among just a few other things!) It's a lot to hope for, I guess, but I'm hoping maybe this could be another small step towards rousing the sleeping giant. It's frustrating, but remember, as the saying goes, the only battle you need to win, to win the war, is the last one!
Peace
Greg
So, you're the guy who predicted this . . . Good call! I agree that there are dangers in "unilateral disarmament", as you put it. For secure freedom, there needs to be an international awareness of the power structure and agenda of the Fed, UN and IMF. Disengaging from and dismantling this heap of flaming rubble is a delicate matter . . . The order in which we pull smoking hunks off of the smoldering pyre does matter. Interventions that are circumscribed by national borders are likely to get us labelled as a "rogue state" (or, on a smaller, more local scale, a "rogue site", hehe), with the usual consequences. It seems to me the last fellow who seriously threatened the US dollar by threatening to trade oil in something other than USD is quite dead now.
Of course, our head of state is part of the hydra itself . . . . so, the culling would be likely to take another form, domestically speaking . . .
Yes, I think that we've got a rattlesnake by the tail . . . Now, if all those nature shows have taught me anything, it's that if you don't want to get dead while handling a venomous snake, you must control the head . . .
CloudfireOnFire.com
Mel went to Yale Law. He's probably in the circle that's working for a more centrally controlled order for the world so he isn't working for his constituents in the first place...doesn't need to be bought off.
Aaaahhh Yale!
Now that might explain something.
You mean he's in 'THE' club...
Totally expected. Dr Paul said it himself.
I hope it does not pass. I hope the masses are so pissed it does not pass they cry out from every rooftop.
WE have to gut congress and restart.
Thanks from the Beautiful Blue Ridge Mountains, Tycer
I should have guessed . . . "Special interests" is the usual smokescreen that's used to obscure the puppet strings . . .
CloudfireOnFire.com
Cloudfire
Well there's always a silver lining in the cloud, I guess. In my case it's that I seem to be getting really good at making predictions! LOL.
You know, Greg, maybe we should start a conpiracy theory pool . . . Whoever comes closest to the actual outcome gets a Dick Cheney dartboard or something . . .
CloudfireOnFire.com
As I have stated before, auditing the Fed was always a waste of time.
Hopefully now, others will unite in the initiative to END the FED. They have failed their charter by every measure and they must be fired.
Nothing other than a popular uprising of the people will end the fed. We need to protest in mass and demand they be fired. Then, as part of a RICO criminal investigation, they will get their audit along with the confiscation of their assets.
Larry
END the FED before it ENDS US
An American Traitor Guts Ron Paul's Bill
Read it and weep . . .
Here's the culprit..
http://en.wikipedia.org/wiki/Mel_Watt
Now try to decipher this load of bollocks...
Opposition to increased oversight of Fannie Mae and Freddie Mac
In 2003 Watt vehemently opposed efforts by the George W. Bush administration and Congressional Republicans to increase regulatory oversight of Fannie Mae and Freddie Mac."I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing", Mr. Watt said. Watt said that "Brad Miller and I were at the forefront of that more than anybody else in America" in trying to prevent the financial crisis, despite the fact that Watt's stated position was against an increase and more oversight for high risk lending.
He can he possibly claim he was preventing the financial crisis when he opposed any oversight??!!
This guy has been bought off... plain and simple!