The Golden Truth: Ron Paul's Audit The Fed Bill Has "Been Gutted" By Bank of America's Puppet in Congress

Sunday, November 1, 2009

Ron Paul's Audit The Fed Bill Has "Been Gutted" By Bank of America's Puppet in Congress

Remember in September when Barney Frank got in front of t.v. cameras and told the world that his House Finance Committee would vote on Ron Paul's Bill in October? It's November 1 and no vote. Now we know why.

The Federal Reserve has spent millions, employing Alan Grayson's "K Street hooker," lobbying to get this Bill destroyed (the woman about whom Grayson calls "a K Street Hooker is the former Enron chief lobbyist hired by the Fed to fight an audit bill - K Street is the street in DC where many lobbying firms are headquartered).

Mel Watt, the corrupt puppet from North Carolina, undoubtedly with Barney Frank's corrupt blessing, has accomplished the castration of Ron Paul's Bill, which has over 75% support from the U.S. population.

From a Bloomberg News phone interview with Congressman Ron Paul: .

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today...Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee.

Keith Kelly, a spokesman for Watt, declined to comment and said Watt wasn’t immediately available for an interview. Watt’s district includes Charlotte, headquarters of Bank of America Corp., the biggest U.S. lender.

Here's the article link: Barney Frank and Friends Bend Us Over Again

"They are buying us with our own money" - Cormac McCarthy, "No Country For Old Men"

6 comments:

AnonymousSunday, 01 November, 2009
Is this any shock to anyone? Of couse the Fed's would not allow this to happen at any cost. It's time for the public to take action and get rid of these clowns one way or antoher..
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AnonymousSunday, 01 November, 2009
Pathetic. The only truly bipartisan bill with overwhelming public support winding its way through Congress and it gets gutted.

Unf-ingbelievable. Or rather way way way too believable.
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EconomicDisconnectSunday, 01 November, 2009
Dave,
no surprise. That bill was never going to fly.

Broncos drop their first game, who knew the Ravens could play for 4 quarters??
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Dave in DenverSunday, 01 November, 2009
gyc, I forgot the Ravens were in a must-win situation today. I knew the Broncos would lose soon, but not get their ass completely kicked like that. The Ravens defense looked the same defense they had the year they won the Super Bowl.

To be honest, Denver needed a game to humble them.

As for Ron Paul's Bill, I thought there was a chance it would get passed with at least some teeth in it because of all the co-sponsors and because Barney Frank promised a vote on the Bill in October.

I'd tell Frank to suck my dick over this, but he would gladly take me up on it. I hate Frank more than just about any politician I've ever hated.

It's really the overall corrupt way in which this Bill was castrated. How much more obvious could it be than to have the Congressman from the District where B of A is headquartered to lobotimize this Bill. That Mel Watt can truly suck my dick and I'd love to be able to tell him that to his face.
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Dave in DenverSunday, 01 November, 2009
Anonymous, the only way this country will ever have a shot maintaining at least a shadow of what it was when the Constitution was Framed and Signed, before the big banks completely strip away the last pennies from the people, is if there is a revolution.
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EconomicDisconnectSunday, 01 November, 2009
Dave,
yeah the Ravens needed this one and I always think it helps to get the "undefeated" thing out of the way, no reason to make your game everyone's superbowl.

CIT goes bankrupt, I am sure this will be a good thing/green shoot somehow.
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Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.