HR 1207 UPDATES "The Federal Reserve Transparency Act"

[peaceandlove]

Ron Paul on House Floor 12/1/09

Posted by minnesotachris on 12/02/09 01:44 AM

An important speech by Dr. Paul on the economy and the Fed:

VIDEO (5:45): http://www.youtube.com/watch?v=x1xePtuGzPY

SOURCE: http://www.campaignforliberty.com/blog.php?view=29747




Ron Paul Interview 11/30/2009

Posted by Matt Hawes on 11/30/09 4:04 PM

Dr. Paul interviewed on CNBC's The Kudlow Report tonight.

VIDEO (8:00): http://www.youtube.com/watch?v=tCnlfIwRpqM


Source: http://www.campaignforliberty.com/blog.php?view=29663



The Fed's PR War

Posted by Gary Howard on 12/01/09 5:21 PM

In recent weeks, the Federal Reserve and its agents have been engaging in a public relations battle in response to the growing call for a GAO audit. Now, Chairman Bernanke and his cohorts are ramping up those efforts by framing itself as a trustworthy entity.

From the Chicago Tribune:

The Fed has made a 45-second public service announcement instructing consumers on how to use their credit cards wisely. The spot will run before movie previews at theaters in 12 U.S. cities in a campaign that started Friday and ends Thursday.

Over jazzy music, the announcer asks, "Want to use your credit card wisely? Here are some tips you can trust from the Federal Reserve." With the Fed logo featured prominently, the ad offers suggestions such as paying your bill on time and watching for changes in account terms.

More... http://www.chicagotribune.com/busine...,3718162.story

As you can see, the folks at the Fed want you average citizens to view them in a positive light, as a sort of helpful bit of financial advice and assistance. This effort shows nothing but condescension toward the American taxpayers--who finance the whole show.

Of course, no one who knows the truth will be fooled by this chicanery. And neither will they allow the Federal Reserve to lobby/Enron its way out of true transparency.

This new bit of advertising PR comes after these folks have unsucccesfully rolled out countless former Fed employees to badmouth, mislead, and scaremonger about HR 1207, the most common sense legislation that has come along in a long time--which is stilll waiting to be passed as a standalone bill.

SOURCE: http://www.campaignforliberty.com/blog.php?view=29737

[peaceandlove]

Ron Paul & Judge Andrew Napolitano On Possible Second Term Of Bernanke

Airing Date 12/3/2009

Is Ben Bernanke's bid for second term as Fed head in jeopardy? Ron Paul weighs in.

AND FED AUDIT UPDATES...

VIDEO (9:20): http://www.youtube.com/watch?v=DlhcdIgiQwY




Jim DeMint Grills Bernanke During Confirmation Hearing

Posted by Matt Hawes on 12/03/09 3:51 PM

The lead Senate co-sponsor of S. 604 did a tremendous job today taking on the Fed chairman.

VIDEO (9:34): http://www.youtube.com/watch?v=BwBprKRlDEw

SOURCE: http://www.campaignforliberty.com/blog.php?view=29874




Barney Frank expects no changes to Fed bill HR 1207

Posted by bobbyw24 on 12/03/09 11:06 AM

By Silla Brush - 12/02/09 08:24 PM ET

Rep. Barney Frank (D-Mass.) on Wednesday indicated he doesn't expect changes on the House floor to a measure that would increase scrutiny of the Federal Reserve.

Frank, the chairman of the Financial Services Committee, opposes the measure sponsored by Rep. Ron Paul (R-Texas), but told reporters that he does not see language being changed on the House floor.

CONTINUES: http://www.campaignforliberty.com/blog.php?view=29852




Ron Paul Interviews

Posted by Matt Hawes on 12/03/09

A big media day for Congressman Paul on Thursday!

First, Dr. Paul will be interviewed on CSPAN's Washington Journal at 9:00 am eastern. He will also appear on The Situation Room with Wolf Blitzer later that day (time TBD).

Additionally, Congressman Paul will be on MSNBC at 10:30 am eastern, and CNN Money will have an interview with him as the main feature on their website tomorrow.

Tune in and check it out!

See the Washington Journal interview here VIDEO (37:34): http://cspan.org/Watch/Media/2009/12...+Paul+RTX.aspx





VIDEO (5:48): http://www.youtube.com/watch?v=2gwNzQvkGOk



Ron Paul's interview with CNNMoney.com

VIDEO (3:50): http://www.youtube.com/watch?v=XlOWNVl2QsA




Fed Chairman ~ Secret Bailouts

VIDEO (5:49): http://www.youtube.com/watch?v=J-plBi9JbDM


SOURCE: http://www.campaignforliberty.com/blog.php?view=29812

[peaceandlove]

Audit the Fed HR1207 UPDATE: 317 Co-Sponsors

Posted by Deb Wells on 12/04/09 11:54 AM

Four more House Reps co-sponsored HR1207 on December 1:

Rep Reyes, Silvestre [TX-16]
Rep Rodriguez, Ciro D. [TX-23]
Rep Kilpatrick, Carolyn C. [MI-13]
Rep Boren, Dan [OK-2]

The state of Oklahoma is now a premier member of what we call the "HR 1207 100 Club", where all House Reps have co-sponsored Ron Paul's Audit the Fed bill.

Other HR 1207 100 Club member states: Alaska, Arizona, Arkansas, Delaware, Hawaii, Iowa, Idaho, Kentucky, Louisiana, Mississipi, Montana, Nevada, Nebraska, New Mexico, South Dakota, Vermont and Wyoming.

Now, the real test will be whether these 317 co-sponsors will support HR1207 as a stand-alone bill rather than as added language to the woefully inaccurately named ""Financial Stability Improvement Act" (wherein the Fed would be given even more power and thus give us even greater instability).

Every HR 1207 co-sponsor needs a phone call from you to remind them that HR1207 has everything required to stand very well on its own, thank you very much.

Find the full list of co-sponsors here: http://www.auditthefed.com/cosponsors/
Then, click here to find your U.S. House Representative's phone number: http://www.auditthefed.com/?mode=actionpage

If you see that your House Rep hasn't co-sponsored yet, you might want to ask them why....

After all, isn't transparency exactly what we were promised last fall?

SOURCE: http://www.campaignforliberty.com/blog.php?view=29864

[peaceandlove]

A couple good videos I ran across today while searching on youtube.

Short and to the point....

RON PAUL Rally Tempe, Arizona 12/4/2009

VIDEO 1 (1:08): http://www.youtube.com/watch?v=85nzcZ7AHvY



Ed Schultz Intviews Rep. Alan Grayson Federal Reserve Reform

11/20/2009

VIDEO (6:07): http://www.youtube.com/watch?v=47zfJzSJe4k



Another Good Fed Reserve Eye Opener to Pass Around

Nice compilation...includes Rep. Alan Grayson

The Fed - Out of Control - End the FEDERAL RESERVE. Audit the FED

VIDEO (7:48): http://www.youtube.com/watch?v=muT8K...eature=related




Eight of Ten Americans Want to Audit the Fed!

Posted by Doug Bandow on 12/05/09 3:32 PM

Explains Rasmussen Reports: http://www.rasmussenreports.com/publ...diting_the_fed

Federal Reserve Board Chairman Ben Bernanke on Thursday voiced his opposition to legislation calling for regular audits of the Fed's monetary policies, but 79% of Americans think auditing the Fed is a good idea.

A new Rasmussen Reports national telephone survey shows that just seven percent (7%) of adults oppose auditing the Federal Reserve and making those results available to the public. Fourteen percent (14%) are not sure.

The new findings mark a four-point increase in support for auditing the Fed from July. The audit - to be conducted by the General Accounting Office, Congress' investigative agency - was first proposed by Republican Congressman Ron Paul and is now part of the House's version of a bill putting more regulatory controls on the financial sector. The Senate is more skeptical of the audit proposal.

Moreover, twice as many Americans oppose as support the reappointment of Ben Bernanke. After nearly a century, it's time to make the Federal Reserve accountable for its policies.

SOURCE: http://www.campaignforliberty.com/blog.php?view=29947

[orthodoxymoron]

Forgive me if this has already been discussed...but Ben Bernanke said this past week that the Federal Reserve is open to being audited by the GAO in every area except the monetary policy process. Did I hear him correctly? Is this a problem? Is this something new? Is the GAO currently doing this? How would one go about auditing the monetary policy process? Why do we have to wait so long for Fed minutes? Why can't they videotape all Fed meetings...and make them available on the internet within 24 hours?

I still like the idea of nationalizing the Federal Reserve...replacing tax-forms with a 5% national consumption tax...issuing a silver-backed currency...closing half of our foreign military bases...immediately ending the Iraq Crusade and the Afghanistan Crusade...and halving the size of the Federal Government. Wouldn't this make sound ethical, political, and fiscal sense? Or does the secret government not allow us to do anything which makes sense? We have to be brought to our knees...right?

Somewhat tangentially...we need to take a close look at Article 6 of the Constitution and the 16th Amendment to the Constitution. They seem to have opened the door for the U.N. Charter to replace the U.S. Constitution as the law of the land...and to allow what seems to be a corrupt Federal Reserve system. There is a cancer growing on the United States of America...and if we go down...the whole world goes down.

[peaceandlove]

Does Bernanke Have an Exit Strategy?

misesmedia YouTube Channel
December 07, 2009

Presented by Robert P. Murphy at "Depression, Monetary Destruction, and the Path to Sound Money": the Mises Circle in Greenville, South Carolina, 3 October 2009. Sponsored by Atlantic Bullion and Coin, and Professional Planning of Easley, LLC.

VIDEO (25:32): http://www.youtube.com/watch?v=dZf3Q...eature=channel



High-stakes duel between Rep. Paul and Bernanke intensifies

By Silla Brush
12/08/09

Rep. Ron Paul and Ben Bernanke are locked in a clash of titans.

Paul, the 74-year-old House libertarian from Texas with the high-pitched voice, has fought for decades to kill off the Federal Reserve.

Bernanke, the mild-mannered ex-Princeton professor and chairman of the bank, is waging a high-stakes battle for the Fed’s reputation. And he’s doing everything possible to knock out Paul.

The fight is still in the early rounds. But with the full House expected to vote this week to give government auditors more power to scrutinize the Fed, Paul has the upper hand.

Continues: http://www.campaignforliberty.com/wire.php?view=9159\



The Federal Reserve is preparing to grab more power

John Tate
12/09/09

This week, the House of Representatives is expected to vote on Barney Frank's financial regulatory reform bill, which is yet another thousand page-plus attempt to increase the powers of Congress and the Federal Reserve while destroying more of what little free market our country has left.

Contact Congress and tell your representative http://www.campaignforliberty.com/congress.php you have seen enough of the federal government's thousands of pages of regulations and tinkering around in our economy.

Composed of several bills, the final package up for vote is H.R. 4173, slyly titled "The Wall Street Reform and Consumer Protection Act." With amendments, this legislation now exceeds 1500 pages!

Continues: http://www.campaignforliberty.com/blog.php?view=30148

[peaceandlove]

Ron Paul on Audit the Fed

Posted by Matt Hawes on 12/10/09

On Wednesday, Dr. Paul was interviewed on Glenn Beck concerning Audit the Fed and how bureaucratic regulations make Congress irrelevant.

VIDEO (5:27): http://www.youtube.com/watch?v=SuDmHjUR3UY

SOURCE: http://www.campaignforliberty.com/blog.php?view=30164



Ron Paul interviewed on Satellite Radio today (Mike Church Show)!!!

Posted by Matt Collins on 12/09/09

On Wednesday, Dr. Paul was interviewed on nationwide Mike Church Show concerning issues including Audit the Fed, Social Security, foreign policy, and nullification.

SOURCE VIDEOS Part 1 and 2: http://www.mikechurch.com/joomla/dai...-ron-paul.html

or go here: http://www.campaignforliberty.com/blog.php?view=30153:

Here is a transcript of the interview: http://www.mikechurch.com/joomla/dai...-counting.html

Special Thanks to The Mike Church Show!
Sirius Patriot 144, America Right XM 166

[peaceandlove]

Financial Regulatory Bill Passes Congress - Paul Amendment Attached

Posted by Matt Hawes on 12/11/09 2:11 PM

It looks like the House will be voting on Barney Frank's H.R. 4173 today anywhere between 1:45 and 2:15 eastern. The vote could be extremely close.

Get contact information for your representative here, and urge him to vote against granting the Federal Reserve and Congress even more power to interfere in our economy. Tell him to support true economic reform by fighting for a standalone vote on Audit the Fed!

Update: The bill passed the House 223-202. You can find the roll call here.

Update #2: So here's the good news: the Paul amendment passed with the bill! No matter how bad the overall bill, it's still pretty incredible that we were able to get a thorough audit of the Fed all the way through the House.

The bad news: the overall bill is awful, so we will continue to oppose it as this debate shifts to the Senate, where it is likely to take at least a few months - if not fall off the radar entirely.

We will continue to work to pass S 604 in the Senate (and we may get a vote soon if Senators DeMint, Sanders, Vitter, and Bunning can delay Bernanke's confirmation), and we will keep working to get Audit the Fed a standalone vote in the House. After all, we can now tell 223 Dems that they already voted for a thorough audit! They just need to pass it on its own merits, instead of hiding it in an overall package that would increase the ability of the federal government to intervene in the economy.

SOURCE and LINKS: http://www.campaignforliberty.com/blog.php?view=30218



Listen to Bob Chapman speak about the bill in this newest interview at 5:00 minutes.

Dec 11th, 2009 Part 1/5

VIDEO (10:52): http://www.youtube.com/user/TheBobCh.../4/Q9P77GgIUj4



Time to give the Fed some competition

Posted by dpy102 on 12/11/09 11:41 AM

On December 9, 2009 Congressman Ron Paul introduced the H.R. 4248 Free Competition in Currency Act.

This bill would do three things:

1. Eliminate the legal tender laws.

2. Eliminate laws that prohibit the operation of private mints.

3. Eliminate capital gains and sales taxes on gold and silver coins.


It's time to start writing your congressmen. Encourage them to cosponsor this bill. Let's give the Fed some competition!

Ron Paul's Statement Introducing the Free Competition in Currency Act: http://www.house.gov/apps/list/speec...compcurr.shtml

SOURCE: http://www.campaignforliberty.com/blog.php?view=30201

[peaceandlove]

***TWO CHAMPIONS FOR LIBERTY***

Ron and Rand Paul Joint Interview

Posted by Jesse Benton on 12/13/09 6:47 PM

Both Dr. Pauls sat down with Eric King over the weekend to talk Federal Reserve, monetary policy and Rand's fundraising efforts on December 16th.

Check out the interview here: KING WORLD NEWS http://www.kingworldnews.com/kingwor...Rand_Paul.html

SOURCE: http://www.campaignforliberty.com/blog.php?view=30283



Ron Paul to co-host on television this Tuesday

Posted by John Tate on 12/11/09 8:49 PM

Far from fading away like the establishment expected, Congressman Paul's message of freedom, peace, and prosperity continues to garner unprecedented coverage.

After a tremendous string of media hits to start December, Ron Paul's biggest television appearance yet will come this Tuesday, December 15, as he co-hosts CNBC's Squawk Box from 8-9am eastern!

It is incredible for a member of Congress not in his party's leadership to be receiving the amount of attention Ron Paul has seen in recent months. Our movement is truly making great progress.

Thank you for continuing to follow Dr. Paul's media appearances. You can be sure the producers take notice of the increased viewerships their shows receive when they interview Congressman Paul.

Tune in to CNBC's Squawk Box this Tuesday from 8-9am eastern and support Ron Paul's message of economic freedom!

SOURCE: http://www.campaignforliberty.com/blog.php?view=30234

[peaceandlove]

Ron Paul Co-Host on CNBC

On Tuesday 12/15/2009, Congressman Paul served as a guest host on CNBC's Squawk Box, where he discussed the economy and his legislation to Audit the Fed.

SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=30234



Opening Clip (8:04): http://www.cnbc.com/id/15840232?video=1359388304&play=1

Part 1 (10:54): http://www.cnbc.com/id/15840232?video=1359402302&play=1

Part 2 (11:12): http://www.cnbc.com/id/15840232?video=1359416416&play=1



Or go here on CNBC and the videos will continue playing, four (that Paul is present) all together:

http://www.cnbc.com/id/15840232?video=1359388304&play=1

Ron Paul still present as Co-Host during 3rd Video where Santelli shares his insight on the latest Producer Price Index results. Part 2 (Video 4) with Paul vs Gregg follows.

[peaceandlove]

"Skies darken for Ben Bernanke nomination"

Posted by Matt Hawes on 12/18/09 11:19 AM

Yesterday's 16-7 Senate Banking Committee vote to approve Bernanke's nomination to a second term as Fed Chairman was not all smooth sailing. In her piece out today, Politico's Victoria McGrane looks at the potential trouble ahead for Bernanke.

"It's not the foregone conclusion it was a couple of weeks ago," said Brian Gardner, a bank analyst with Keefe, Bruyette & Woods....

Read the rest: http://www.politico.com/news/stories/1209/30759.html

Remember, the key issue here is not Bernanke's confirmation. No matter who becomes the Chairman for the next term, they're still going to be at the helm of the world's greatest counterfeiting machine.

Thanks to strong stands by Senators DeMint, Vitter, Bunning, and Sanders, we can use this process to push for a standalone vote on Audit the Fed.

Source: http://www.campaignforliberty.com/blog.php?view=30498

[peaceandlove]

GATA sues Fed to disclose gold market intervention records

Submitted by cpowell on Wed, 2009-12-30 18:33. Section: Daily Dispatches
2p ET Wednesday, December 30, 2009

Dear Friend of GATA and Gold:

GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank's records of its surreptitious market intervention to suppress the monetary metal's price.

The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA's law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret:

Continues: http://www.gata.org/files/GATAFedRes...09-17-2009.pdf

[peaceandlove]

"Ron Paul: End the Fed"

Posted by Matt Hawes on 01/09/10 4:31 PM

Check out Dr. Paul's new interview with Steve Forbes here. A transcript is also available.

Paul: ... And they don't want us to know what they've been doing. The big argument has always been they don't want transparency because they'll lose their independence. And independence means secrecy...

Read the rest. SEE BELOW ARTICLE AND LINK

SOURCE: http://www.campaignforliberty.com/blog.php?view=31209




Ron Paul: End The Fed

Steve Forbes, 01.09.10 12:00 PM EST

Texas Congressman Dr. Ron Paul wants to see if the valuations of the Federal Reserve's transactions were fair.

Dr. Ron Paul and Steve Forbes discuss what is encompassed by the congressman's bill to audit the Federal Reserve.

SEE VIDEO and TRANSCRIPT DISCUSSION HERE: http://www.forbes.com/2010/01/08/fed...-ron-paul.html

[peaceandlove]

Fed Audit Case Boosted by AIG Emails

By Dan Freed 01/08/10

NEW YORK (TheStreet) -- Like it or not, the case for auditing the Federal Reserve just got a whole lot better.
That observation was made Thursday by CNBC commentator Larry Kudlow, who started his career as a Fed economist and served as a high-level economic and fiscal advisor to President Reagan, and it does seem Kudlow's political instincts are on target here.

Kudlow made his remark during an on-air discussion of revelations that outside attorneys for the New York Fed persuaded AIG (AIG Quote) not to disclose that it was paying banks 100 cents on the dollar on credit default swaps they bought from the giant insurer. E-mails posted on The New York Times's DealBook blog show AIG originally drafted a regulatory filing disclosing that the swaps would be paid in full, a disclosure that was crossed out by attorneys at Davis, Polk & Wardwell, who were advising the New York Fed.

Continues: http://www.campaignforliberty.com/wire.php?view=9742



Dissent in the Halls of the Federal Reserve

Thu Jan 7, 2010 5:09am EST
The Big Money

Not every member of the Federal Reserve’s Open Market committee thinks the central bank’s job in handling the financial crisis is done, reports the New York Times. The Fed is taking steps to end some of the programs it had started to prop up the housing market through the collapse, but according to minutes from the committee’s mid-December session, the decision wasn’t universally viewed as the final action:

Continues: http://www.campaignforliberty.com/wire.php?view=9715

[peaceandlove]

Fed paid record $46.1 billion to Treasury in 2009

David Lawder
WASHINGTON
Tue Jan 12, 2010 1:16pm EST

WASHINGTON (Reuters) - The Federal Reserve paid a record $46.1 billion to the U.S. Treasury last year as aggressive bond purchases and lending to fight the financial crisis swelled its net income by 46.8 percent.

Excerpt:

Bernanke is fighting legislative efforts to limit the Fed's regulatory authority and to open its policy making up to more political scrutiny. His nomination to a second four-year term as Fed chief also faces an unusual amount of opposition, although he is expected to win the Senate's needed backing.

Complete Article: http://www.campaignforliberty.com/wire.php?view=9775




US court skeptical of Fed push for bailout secrecy

* Press seeks details of Fed bailout programs

Mon Jan 11, 2010 4:49pm EST
By Kristina Cooke and Jonathan Stempel

NEW YORK, Jan 11 (Reuters) - A federal appeals court on Monday appeared skeptical of U.S. Federal Reserve efforts to prevent the press and the public from learning the names of participants in emergency lending programs designed to support and bail out the financial system.

Continues: http://www.campaignforliberty.com/wire.php?view=9777




Bernanke's to Blame

By Peter Schiff
Published 01/09/10

It's Not Our Fault

It seems that the primary qualification needed by any chairman of the Federal Reserve is the ability to never admit error, no matter how damning the evidence. During his tenure on the job, Alan Greenspan set the standard for implausible deniability. But in a speech last weekend in Atlanta, current chairman Ben Bernanke did the Maestro one better. In a tortured academic dissertation, Bernanke explicitly denied any Fed culpability for inflating the housing bubble and for the financial crisis that began when it burst. Despite his best efforts, no one seemed particularly convinced. By taking such an absurd stand, he has destroyed any credibility he may have had left.

Continues: http://www.campaignforliberty.com/article.php?view=510



S. 604: Contact these Senators!

Posted by Anthony Gregory on 01/11/10 6:19 PM

Here are the Democrat Senators the Federal Reserve Transparency Working Group (a coalition C4L is involved in to promote Audit the Fed) is working this week to get to co-sponsor S. 604:

Sen. Begich (D-AK)
Sen. Burris ( D-IL)
Sen. Cantwell ( D-WA)
Sen. Whitehouse (D-RI)
Sen. Brown (D-OH)
Sen. Casey ( D-PA)
Sen. Stabenow (D-MI)
Sen. Levin (D-MI)

Be sure to contact them and urge them to 1.) Oppose Bernanke's reconfirmation and 2.) Support S. 604!

Source: http://www.campaignforliberty.com/blog.php?view=31287

[peaceandlove]

Ron Paul on Fox Business 1-14-10

Posted by Andrew Ward on 01/20/10
Last updated 01/15/10

On Thursday, Congressman Ron Paul appeared on Fox Business to discuss runaway spending and printing, Freddie and Fannie Mac, the Geithner-AIG affair, and Federal Reserve transparency.

VIDEO (7:59): http://www.campaignforliberty.com/blog.php?view=31419




Bernanke and Volcker say Federal Reserve must retain regulatory powers

By Neil Irwin
Washington Post Staff Writer
Friday, January 15, 2010

Two Federal Reserve chairmen -- one current, one former -- made a public case Thursday that the Fed must remain in charge of regulating the nation's biggest financial companies, pushing back against a growing movement in the Senate to strip the central bank of those powers.

Fed Chairman Ben S. Bernanke released a letter and an 11-page document he sent to the Senate Banking Committee arguing that the Fed has unique abilities to oversee complex financial institutions, BLAH BLAH BLAH

Unfortunately Continues: http://www.campaignforliberty.com/wire.php?view=9840




January 20, 2010 Competing Currencies ~ RON PAUL

In his special order speech on Wednesday, Dr. Paul talks about the need to legalize competing currencies and outlines the steps necessary to do so.

VIDEO (5:48): http://www.campaignforliberty.com/blog.php?view=31629




Bernanke Seeks to Defuse Criticism Through GAO Audit (Update1)

January 20, 2010, 12:04 PM EST\
FROM BUSINESSWEEK
By Scott Lanman and Vivien Lou Chen

Jan. 20 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke sought to defuse allegations that the central bank tried to conceal details about the $182.3 billion bailout of American International Group Inc., calling for a review of Fed actions by congressional auditors.

Continues: http://www.campaignforliberty.com/wire.php?view=9928



SOURCE: CAMPAIGN FOR LIBERTY http://www.campaignforliberty.com/index.php

[peaceandlove]

How about a little color?

Gee, More Duplicity (Is Someone's Nomination In Trouble?)

By: Karl Denninger
Posted: Tuesday, January 19. 2010

'What a load of cr4p."

Bernanke has apparently changed his tune on AIG and The Fed: http://bloomberg.com/apps/news?pid=2...0GMcKKfQ&pos=1

Jan. 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank would welcome a “full review” of its aid to American International Group Inc. by congressional auditors and make all necessary records and personnel available to them.

“To afford the public the most complete possible understanding of our decisions and actions in this matter, and to provide a comprehensive response to questions that have been raised by members of Congress, the Federal Reserve would welcome a full review by GAO of all aspects of our involvement in the extension of credit to AIG,” Bernanke said today in a letter to Gene Dodaro, acting head of the Government Accountability Office. The Fed released the letter.

So what's the difference between this and a full audit of The Fed?

Nothing, right? After all, to afford the public the most complete possible understanding of our decisions and actions in this matter Bernanke now asserts that it is "ok" for the GAO to audit The Fed.

Oh wait - isn't that what Ron Paul's bill has been seeking since this entire thing began and in fact prior to that time?

Better go talk to Lacker about this - remember, he's been issuing threats...

Continues: http://market-ticker.denninger.net/a...n-Trouble.html

[peaceandlove]

Fed's Dudley: Opposes Move In Congress To Audit Rate Policy

January 20, 2010

NEW YORK (Dow Jones)--A top Federal Reserve official mounted on Wednesday a defense against moves in Congress to audit the central bank's monetary policy activities, and he also cautioned against taking away the institution's banking supervisory capacity.

"What is fundamentally at issue here is not 'turf,' but rather how we as a nation can best ensure that we never again relive the events of the past few years," Federal Reserve Bank of New York President William Dudley said of the ongoing process of reform.

Dudley is the vice chairman of the interest rate-setting Federal Open Market Committee. His comments came ...

Source: http://www.campaignforliberty.com/wire.php?view=9956



No Audit, No Bernanke

Posted by John Tate on 01/21/10 1:54 PM

Our country's economic future is in Ben Bernanke's 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."

Click here to find contact information for your senators: http://www.campaignforliberty.com/congress.php

Here's what's going on and why you need to act immediately. It's a little complex, so bear with me.

Senator Jim DeMint (R-SC) has led the charge to place a "hold" on Bernanke's nomination to a second term as Fed chairman until the Senate votes on Audit the Fed. This means to get a vote on Bernanke, Harry Reid has to have a vote on "cloture" (just like in the health care battle), and that requires a super-majority of 60 votes.

Insiders now tell me that Harry Reid is threatening to ram through a cloture vote as early as next week.

Senator DeMint is joined by David Vitter, Jim Bunning, and Bernie Sanders in his efforts, but these senators cannot succeed alone. But right now, Republicans should stop caving in to Harry Reid's muscle on behalf of Ben Bernanke and the out of control Federal Reserve, and Democrats are cowering in fear of the popular revolt against out of control spending and the economic wreck it has helped create.

A strong message from Campaign for Liberty activists like you could start a stampede in the Senate that will make Harry Reid back off of Bernanke and give us a vote on Audit the Fed.

After all, Harry Reid is already the most vulnerable Democrat up for reelection next year, according to the polls.

Continues: http://www.campaignforliberty.com/blog.php?view=31656



Reid Can't Get the Votes to Confirm Bernanke

Posted by Matt Hawes on 01/21/10 11:48 PM

ABC News reports:

Senate Majority Leader Harry Reid, D-Nev., at one point was planning on scheduling a vote on Bernanke for Friday, but the Senate is currently in the midst of a debate over raising the debt limit and the vote has been pushed....

Roll Call reported this week that at the Senate Democratic caucus meeting on Wednesday, "according to senators, liberals spoke out against confirming Bernanke for a second term....

Read the rest: Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke http://blogs.abcnews.com/politicalpu...-bernanke.html

Keep those calls going! The message is clear: no vote to confirm until there is a vote on Audit the Fed.

Source and Links: http://www.campaignforliberty.com/blog.php?view=31673

[peaceandlove]

Bernanke praying to the powers that be??? LOL



Bernanke's fate is up in the air

Though two key Democrats voice support for giving the Federal Reserve chairman another term, dozens of senators haven't signaled how they'll vote.

By Tom Petruno
January 26, 2010

Federal Reserve Chairman Ben S. Bernanke's confirmation to a second four-year term, seemingly a slam dunk just a few weeks ago, now has become a true battle royal.

Although Democratic Sens. Dianne Feinstein of California and Max Baucus of Montana voiced support for Bernanke on Monday, a Wall Street Journal tally showed that the Fed chief still was 20 votes shy of the 60 needed to overcome a filibuster that could block his confirmation. A total of 43 senators have said they are undecided or haven't officially commented.

Bernanke's term expires Sunday...

Continues: http://www.campaignforliberty.com/wire.php?view=10051

[peaceandlove]

Utah GOP unanimously passes an Audit the Fed resolution!

Posted by kconstantine on 01/29/10 02:01 AM

It is my great honor to report that the Utah Republican Party has unanimously passed a resolution in support of HR1207 and S604! Earlier last year, the Salt Lake County Republican Party passed a similar resolution with only 1 Nay vote.

Utah's entire delgation, save 1 (Democratic Representative Jim Matheson), have signed on as co-sponosres to either the House or Senate version of the bill and it is receiving tremendous support from Utah State Legislators.

The text of the resolution:

Continues: http://www.campaignforliberty.com/blog.php?view=31873


Rep. Ron Paul Demands: "Audit The Fed!"

From: liamh2 | January 28, 2010 | 2,856 views

On the evening of Jan. 27, 2010, Rep. Ron Paul (R-TX) spoke before a capacity audience at Loyola College in Baltimore, MD. He urged the U.S. Congress to pass a law authorizing the auditing of "The Fed." Rep. Paul was also sharply critical of the bailout of the Wall Street Banksters and how their policies, and the policies of "The Fed," have contributed to the recession. See related views on the shenanigans of the Wall Street insiders by Richard T. Trumka, currently head of the AFL-CIO. Mr. Trumka made his comments prior to the October, 2008 Financial Meltdown, at: http://www.youtube.com/watch?v=WJaTpgZHyeE For more background, go to: http://endthefedusa.ning.com/ ...

VIDEO (7:21): http://www.youtube.com/user/minnesot.../1/a5n4mbJXD_I

[peaceandlove]

Bob Chapman mentions the dire need to End The Fed over and over in his interviews and forecasts. If it does not happen he says we are doomed. Please pass this information on to anyone you can. Its WAKE-UP time!

End the Fed Reviewed - AGAIN!

Posted by DesertBill on 02/15/10 12:49 PM

Getting rid of the Fed will not be as simple as Ron Paul writing a bestseller. His "End the Fed" must be read by still more Americans so that they can more fully understand the dangers that the Fed and central banking create. We need more people hounding their Congressmen about the evils of the Fed.

If you haven't yet read "End the Fed," get a copy and do so. Here's another review:

End the Fed

The Federal Reserve System, the Fed, is the most important financial institution in the nation. Yet few Americans understand the Fed’s real purpose for existence and the dangers it presents to our nation’s financial well-being. However, Congressman Ron Paul’s book End the Fed, a New York Times bestseller, is changing that.

Simply, the Fed is a central bank, which has the legal authority to “create money out of thin air.” As Congressman Paul notes, as have other critics of the Fed have noted, it is an inflation machine. Rising prices across the board are not—and have never been—the fault of OPEC, unions or greedy corporations. Inflation is a monetary phenomenon that lies primarily at the door of the Fed. Fractional reserve banking deserves its share of the blame for inflation, but fractional reserve banking is exacerbated by the very existence of the Fed.

First elected to Congress in 1976, Ron Paul became a thorn in the side of the Fed, annually introducing a bill to dismantle the Fed. In no year could the Congressman find even one cosponsor to his bill. The Fed is held with such esteem by members of Congress that no one will stand alongside Dr. Paul on this issue. He was a voice crying in the wilderness, and I don’t doubt but that many members of Congress ridiculed him for his position on the Fed. Now, Ron Paul may be David, about to slay Goliath.

Continues: http://www.blog.cmi-gold-silver.com/end-the-fed/

SOURCE: http://www.campaignforliberty.com/blog.php?view=32604

[peaceandlove]

Dr. Paul and Ben Bernanke

Posted by Matt Hawes on 02/24/10

On Wednesday, Ron Paul discussed the moral hazard caused by government interference in the market during his opening statement in the Financial Services Committee hearing on "Monetary Policy and the State of the Economy."

Congressman Paul's opening statement
VIDEO (3:09): http://www.youtube.com/watch?v=MVEwsIIF6wE

Ron Paul questions Bernanke
VIDEO (5:08): http://www.youtube.com/watch?v=bBGfJOA518o

SOURCE: http://www.campaignforliberty.com/blog.php?view=32923

[peaceandlove]

Bernanke Repudiates Famous 2002 Speech

Thursday, February 25. 2010
Posted by Karl Denninger in Monetary

If you expect Bernanke to "hyperinflate" the economy you need to listen to this - and find the clip, if you can, of California's Mr. Sherman and Mr. Bernanke from yesterday.

All is not as you have assumed.

VIDEO (7:10): http://www.youtube.com/watch?v=FX9ZB...ayer_embedded#

You've heard about the famous "Helicopter" speech in 2002. Guess what - Ben disavowed it in his Humphry-Hawkins testimony on Wednesday.

Beware if you're counting on a hyperinflationary future.....

SOURCE: http://market-ticker.denninger.net/a...02-Speech.html

[peaceandlove]

Bernanke's voice shaking again...guilty!!!

Congressman Paul Questions Bernanke

VIDEO (5:08): http://www.youtube.com/congressmanro.../2/bBGfJOA518o




Frank asks Bernanke to probe Paul's complaints on Watergate, Iraq

Submitted by cpowell on Wed, 2010-03-03

By Scott Lanman
Bloomberg News
Wednesday, March 3, 2010

http://www.bloomberg.com/apps/news?p...QWFdVRck&pos=8

WASHINGTON -- House Financial Services Committee Chairman Barney Frank asked Federal Reserve Chairman Ben S. Bernanke to investigate the Fed's involvement in the Watergate scandal and Iraqi weapons purchases in the 1970s and 1980s.

U.S. Rep. Ron Paul, R-Texas, asked questions about "inappropriate political interference" and "hidden transfers of resources" during a Feb. 24 hearing with Bernanke, and the allegations "must be fully investigated," Frank said in a letter today to Bernanke and obtained by Bloomberg News.

Continues: http://www.gata.org/node/8393



Ron Paul YouTube Channel

http://www.youtube.com/congressmanronpaul



Fed's Fisher: Must Break up Banks That Are Too Big

By Pedro Nicolaci da Costa
March 3, 2010

NEW YORK (Reuters) - Banks that are seen as too large to fail should be broken up in order to make the financial system more stable, Dallas Federal Reserve President Richard Fisher said on Wednesday.

In his most explicit call yet for reshaping the financial industry, Fisher said markets could only function properly if institutions that take big risks are allowed to go under.

His comments come as Washington debates financial regulatory reform, which some analysts worry has become too watered down to prevent another financial crisis. Fisher called for an international agreement to break up oversized firms.

Continues: http://www.campaignforliberty.com/wire.php?view=10767



Bank groups call for stronger Fed Reserve

Posted by Matt Holdridge on 03/04/10

From The Hill:

The nation's biggest bank lobbying groups are calling on senators to support the Federal Reserve's power to supervise small and large banks.

In a letter to Senate Banking Committee members, six large trade associations say the central bank's power should not be limited only to overseeing monetary policy, as some critics of the Fed have suggested.

..."It would be a mistake to limit the Federal Reserve to supervision of only large, complex institutions headquartered in major financial centers," the associations wrote. "The Federal Reserve needs a broader regulatory focus to ensure that for both its central bank and regulatory functions it has a clear view of banks of all sizes, from all regions, and from differing types of communities."

When the big banks are comfortable with the Federal Reserves oversight of them, shouldn't all of America worry about their cozy relationship?

We've seen this before. As Murray Rothbard explains in his work on the Progressive Movement,

Continues: http://www.campaignforliberty.com/blog.php?view=33205



Fed May Lose Oversight of Small State Banks to FDIC, Reed Says

By Alison Vekshin

March 4 (Bloomberg) -- The Federal Reserve, which is urging Congress to let it keep its bank supervising role, may lose oversight of smaller state banks to the Federal Deposit Insurance Corp., Democratic Senator Jack Reed said.

Continues: http://www.bloomberg.com/apps/news?p...d=aULZ2lXCy9Y8

[peaceandlove]

"Fed Audit Bitterly Opposed By Treasury"

Posted by Matt Hawes on 03/09/10 11:53 AM

Sounds like all the more reason to keep pushing.

The Huffington Post's Ryan Grim reports:

Secretary Tim Geithner, Assistant Treasury Secretary Alan Krueger and Gene Sperling, a counselor to the secretary, held a briefing Monday with new media reporters and financial bloggers during which they discussed the Fed audit and other topics. Under the briefing's ground rules, the officials could be paraphrased but not quoted, and the paraphrase could not be connected to a specific official....

That's leadership!

Asked whether he supports the House-passed measure to open the Fed to an audit, which was co-sponsored by Reps. Alan Grayson (D-Fla.) and Ron Paul (R-Texas), a senior Treasury official said he is intensely opposed to it.

The official said the measure would undermine the independence of monetary policy and could restrict the ability of the Fed to act in times of crisis. He said that the GAO already has audit authority and that the chairman routinely testifies before Congress....[/QUOTE]

Read the rest: http://www.huffingtonpost.com/2010/0..._n_490872.html

SOURCE: http://www.campaignforliberty.com/blog.php?view=33355