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117 Comments
- UnFriendlyFire, on 07/08/2009, -5/+40House of Representatives H.R. 1207
Senate S.604
Write your congressmen. - mdonato, on 07/08/2009, -6/+39I can't believe the lengths the Senate has gone through to block this bill. Props to DeMint for bringing it up and exposing how these corrupt Congress critters like Nelson from Nebraska are in bed with the corrupt bankers.
End The Fed! - yocouchdigga, on 07/08/2009, -4/+31i'd like to hear a sound argument from the opposition, why shouldn't we audit the Fed? Please, I'm all ears...
- xenoclone, on 07/08/2009, -5/+31My house representative has already lost my future vote due to his lack of support for this. I wouldn't be surprised if my senators are in the bankers' pockets as well.
- libertygal76, on 07/08/2009, -8/+30And they all laughed at Ron Paul in the primaries -- who's sorry now??
- ctiger2, on 07/08/2009, -6/+28Wouldn't it be nice to have a president who actually knew what the hell was going on?
Ron Paul 2012~! - shanevc, on 07/08/2009, -5/+23Audit the Fed, then End it! Go Ron Paul! H.R. 1207 has 250 cosponsors now! Let's keep the pressure on Congress.
- govtdoesnotwork, on 07/08/2009, -4/+15I totally agree that Dr. Paul's right, but we must keep our eye on the ultimate ball, which is money, which is gold. It's a great idea to audit the Fed. I'm ALL for it. But I was born early in the Kennedy administration, and Fort Knox was last audited under Ike!!! It's about time for TWO audits, IOW. And the fact that the description of the USA's? gold has been magically & silently changed from "gold reserves" to "custodial gold" worries people like me.
http://www.numismaster.com/ta/numis/Article.jsp?ad ...
has more. - Yoseph, on 07/08/2009, -5/+15Transparency is reasonable.
- dieyoung, on 07/08/2009, -5/+15The recent news about the economy has been heavily talked about but widely misunderstood. The policies executed by the Federal Reserve have clearly proved the rampant ineptness of the majority of our nations most high ranking officials. It is important that we recognize the consequences of artificial stimulation by the government in the market, (printing money for bailouts, TARP funds) and how this stimulation causes inflation (rising prices coupled with lower wages) among many other serious repercussions. We must also consider the fact that the Federal Reserve is inherently a private bank, run by unelected officials, that controls the nations currency, and that their reckless expansion of the money supply in such a short time will completely destroy the economy and leave Americans with unsurmountable debt and a dead currency.
Article 1 Section 8 of The Constitution, which describes the explicit and exclusive powers of Congress, says, "The Congress shall have [the] Power To coin Money and regulate the Value thereof". The line leaves little room for interpretation. Not only is the Fed exacerbating the problems of our already fragile economy, but it is essentially unconstitutional in the first place. The Federal Reserve needs to be audited for their irresponsibilty with the money supply and ultimately abolished.
SHOW SUPPORT FOR HR1207 AND S604!!
If you have a Twitter account, tag your posts with #HR1207, #S604 and/or #EndTheFed so we can rally as many people for our cause as possible!! The recent Iran rampant support of Mousavi was spread with Twitter. We must utilize the tools we have to our advantage! - thrashertm, on 07/08/2009, -5/+14We need to make sure that the Fed hasn't been giving the public's money to their cronies.
Audit the Fed, then end it! - kemp34, on 07/08/2009, -2/+11And your congresswomen!
- richmomz, on 07/09/2009, -2/+8The audit that the "opposition" usually refers to is strictly an internal one, and the results are never made public, not even to Congress. Just last year several congressmen asked Bernanke point blank to tell them who they had distributed over $2 TRILLION in bailout funds and he basically told them to go ***** themselves. Under the current rules not even our own GOVERNMENT is allowed to know what these bankers are doing with our money - it's absurd, unconstitutional and criminal.
- richmomz, on 07/09/2009, -2/+8Transparency is NECESSARY.
- richmomz, on 07/09/2009, -4/+9DeMint's move was brilliant - he's flushed out the rats in the Senate and set up S 604 nicely.
- Acrinimiril, on 07/09/2009, -0/+5
We need to end the Fed, but we need to ensure it is replaced with sound money.
The core of the problem is simply fraud - fiat currency and fractional reserve banking.
So, end the Fed, but more importantly, end fiat currency and fractional reserve banking once and for all. - Acrinimiril, on 07/09/2009, -0/+5
Monetary fraud must be outlawed forever as a result.
...or rather enforced. - TheTaoOfBill, on 07/09/2009, -3/+7Nice talking points. Now how about you reply to what I said directly.
There is no way to distinguish your post from a robot programmed to post Ron Paul posts.
I made specific points so address them before you claim I'm ignorant.
I'd certainly rather be ignorant than a Ron Paul robot. - ironhide, on 07/09/2009, -3/+7Acrinimiril, that's exactly the kind of attitude that will forever keep Paul and his kind relegated to the fringe. When people get annoyed by political spam and comment about it, they aren't "working for someone".
- kaelyiesta, on 07/09/2009, -2/+6The biggest argument I am often given is that the fed is already audited. Unfortunately, the auditing process is very incomplete so this argument only serves to satisfy those who don't want to investigate the issue further(or don't want you to). despite how easy it is to show the flaws in this argument, it is still the most pervasive, often repeated by the same individuals after already having been corrected many times previously.
The second(which contradicts the first, interestingly) is that if we do a true audit of the fed, the entire point of central banking supporting particular business entities would be undermined, as public would be made aware of just how unproductive such companies are. This argument is true(in a very narrow way) but it starts at a premise I and others disagree with which is that central banking is good. Even if it were, the issue of unchecked power becomes an issue and so on. - eroot, on 07/09/2009, -3/+7Freedom Watch 07/08/09 featuring Ron Paul, Jim DeMint, Peter Schiff , Rand Paul and more
http://www.youtube.com/watch?v=Cnx6a5mlM9M - richmomz, on 07/09/2009, -4/+8@tzvika - he may well be both actually (for the record some of the most racist people I've ever met were Israelis).
@NoLibs - Beats me - you seem to know the site and the people that hang out there a lot better than most AND share their views so you would probably know. - TheTaoOfBill, on 07/09/2009, -3/+7The fed is the only thing that keeps our economy in a controlled growth. Without it our economic policy would be chaotic and unpredictable like it was in the 1800s.
You know what would be the first thing to happen if the fed were to shut down today? Massive inflation. Why? Because after the trillions of dollars we spent on economic stimulus we need an organization to tighten the monitary system when the economy is self productive again. Because inflation only happens when there is a lot of money in the system and the economy is in a prosperity.
Because if there is a lot of money in a recession that money isn't getting spent enough to cause inflation.
When the economy becomes self productive it will be the fed who will raise interest rates to make money harder to come by and prevent inflation.
If Ron Paul had his way we'd have hyper inflation.
But he didn't tell you that so you don't understand how to repeat that talking point. - TheTaoOfBill, on 07/09/2009, -2/+6Did he say something Ron Paul is not?
- richmomz, on 07/09/2009, -5/+9Saying that they need help because they are "weaker" than others is clearly racist. Go take your bigoted crap to Stormfront.
- Acrinimiril, on 07/09/2009, -6/+10
Wrong.
Actually everything Ron Paul proposes is in strict compliance with the law and his oath of office.
Most politicians are corrupt and weak and violate their oath and the law - these seem to be the people NoLibertarians favors. - richmomz, on 07/09/2009, -5/+9NoLibertarians: "Paul's ideas would hurt the weakest among us. He hides behind the constitution to protect his anti-minorities stances"
So you're saying that minorities are "the weakest among us"? A bit racist aren't you? - Acrinimiril, on 07/09/2009, -0/+3
See people? This is the level of intelligence of Ron Paul spammers like Bartboy919. They spend their lives following around Ron Paul supporters and spamming Ron Paul news with ignorant one-liners, rather than participating in activities they actually support themselves.
And yes, it is common ignorance, some of them may be intelligent.
The amendment is also a bill called S604, and it was, and still is, a bill before any amendment was ever proposed.
Bartboy919, I hope you're just an ignorant one, you don't seem to be stupid. - govtdoesnotwork, on 07/09/2009, -0/+3Actually, we really know nothing. But that's why Fort Knox needs an audit now more than ever. And the history of people TRYING to get Fort Knox audited is, shall we say, suspicious...But it needs to happen.
- TheTaoOfBill, on 07/09/2009, -4/+7LOL Ron Paul?
Ron Paul thinks every major recession was caused by the fed. He's a one trick pony. His followers obsess over the fact that he predicted this recession would happen.
I'd be more impressed when he predicts a prosperity period.
It's easy to predict a recession when all you talk about is the end of the American economic empire.
Our economy was much more chaotic and much harsher on the poor and middle class prior to the creation to the fed and prior to FDR's new deal. And if Ron Paul doesn't understand that then he really doesn't know what the hell is going on. And neither do any of his followers. - Acrinimiril, on 07/09/2009, -1/+4
The truth hurts the ears of the ignorant. - richmomz, on 07/09/2009, -3/+6The only one I recall laughing at him was Giulianni - remind me again how well he did in the primaries?
- Parisjune, on 07/09/2009, -4/+7Auditing the Fed is something all Americans should be promoting.
- card51short, on 07/09/2009, -0/+3we're just asking to audit them...not get rid of them...yet. If the audit shows their books are totally cooked...then we have to get rid of them. That's the whole point.
- Acrinimiril, on 07/09/2009, -1/+4
Justify fraud much?
The Fed creates the bubble in the first place through fraud, and then covers it up with more fraud.
The only people that benefit are those defrauding people. - eroot, on 07/09/2009, -1/+4FC Hearing on HR 1207 - 1:30PM EST 7/9/09 - UPDATE: Live on CSPAN
http://www.dailypaul.com/node/98780 - Acrinimiril, on 07/09/2009, -1/+4
You've got that backwards. The Fed's ability to counterfeit money at will provides politicians with all the money they could ever want for all their personal programs, without having to directly tax anyone.
The people are actually taxed behind their backs through inflation, as the value has to come from somewhere. This has resulted in the Fed's performance over it's lifetime;
1913 - $1 = $1
2009 - $1 = 3 cents (adjusted for Federal Reserve Bank inflation). - ironhide, on 07/09/2009, -3/+6Correction: I'm prejudiced against people who ask *stupid and irrelevant* questions.
- Acrinimiril, on 07/09/2009, -1/+3
Call Congress what they are; criminals.
They are breaking the very law they are sworn to defend - failing their only responsibility. - Junkyarddawg, on 07/09/2009, -7/+9What makes Paul spam so annoying is that his followers game digg silly. They think digg submissions are a great way to get their message out for free, so they spam, spam, spam, eggs and spam. They're almost as bad as the constant twitterspam.
- Junkyarddawg, on 07/09/2009, -4/+6He's wrong about individual rights being a state-level issue.
- card51short, on 07/09/2009, -2/+4Ron Paul doesn't feel like killing a baby inside of you should be an individual right. He's a doctor so I value his opinion although the issue is touchy.
But, I understand...anyone who thinks differently than you concerning an issue is a wacky poopyhead that needs to be criticized for hours in cyberspace. I understand. :) There, there, lil guy :) - Junkyarddawg, on 07/09/2009, -4/+6@Acrinimiril: Impressive alternate timeline you got there. For us in *this* timeline the great depression was when the flaws of the gold standard, which Ron Paul wants to return to, became obvious.
- ApokalypseNow, on 07/09/2009, -3/+5@ironhide
Now now, there's no such thing as a stupid question, but there are a lot of inquisitive idiots. - richmomz, on 07/09/2009, -5/+7Uninformed? Maybe you should read up on the War Powers Resolution and educate yourself on what's required, both Constitutionally and legislatively, for a legal war.
Here, I'll even help get you started: http://en.wikipedia.org/wiki/War_Powers_Resolution
"The War Powers Resolution requires that the president notify Congress within 48 hours of committing armed forces to military action and forbids armed forces from remaining for more than 60 days then a further 30 day withdrawal period, *without an authorization of the use of military force or a declaration of war.*" - card51short, on 07/09/2009, -1/+3seeking out Ron Paul articles then crying about how you always get buried and ron paul's supporters "game" Digg (conspiracy theory!1111) isn't spam, I guess. It's just entirely and utterly pathetic.
Face it...no one agrees with you chickenhawk lunatics. - Acrinimiril, on 07/09/2009, -2/+4
Really? Please link everyone to the last full audit. - Acrinimiril, on 07/09/2009, -2/+4
Both Junkyarddawg and TheTaoOfBill are totally deceived.
The Fed counterfeits money, plain and simple. Without producing anything of use, they create more paper money by printing it up, or as is more often the case, by simply typing it into their accounts. This is absolute counterfeit. Not only does this fraud hurt the American people and anyone that works hard and saves, but also the dollar itself and anyone that has money in dollars.
America was prosperous long before the Federal Reserve Banks took control. However, the even greater fraud over history has been fractional reserve banking. This fraud allows banks to create and loan money they do not have, and then charge interest on it. Banking is the only industry where this fraud is accepted. Ultimately this fraud also hurts the American people and society.
What would happen if you tried to loan something out you didn't own and charge interest? You would go to jail.
This is the greater problem with society now and it's reach is world-wide.
Counterfeiting fiat currency must be prohibited, as stated in the United States Constitution. Don't listen to the Federal Reserve Banks or ignorant Digg posters supporting it - read the Constitution of your nation today!
It's the highest law of the country and was written from experience! - Junkyarddawg, on 07/11/2009, -0/+2Yes, Linuxperson, that is how argumenting works: when your claim is that Ron Paul does not want individual liberties handled at the state level and your opponent gives you an example of where he does, the correct response is to ridicule your opponent for only proving you wrong with one example.
If I had a clue I'd obviously have given you more examples. Such as, let's say, the right to life (death penalty). - card51short, on 07/09/2009, -2/+4The Fed didn't cause that economic growth...all they did was print money.
Having American businesses flourish is what led to all of our riches. I can't believe you're praising the fed like without a central private bank America can't be successful.
You're insane, good sir. -
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