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152 Comments
- helraizr, on 01/15/2009, -5/+152Put Dr Paul on that Panel.
make it fall like a house of cards. - muckemuck, on 01/15/2009, -3/+80wait.. . Barney Frank is leading the charge? lol.. oh well. He's bought and paid for by the banks (if you have any doubt about that then the last six months should give plenty of proof of it) so nothing will come of this.
Now.. if you want a real investigation into the Federal Reserve then support Dennis Kucinich:
http://digg.com/business_finance/Dennis_Kucinich_T ...
or maybe that's the plan by Frank - if he's in charge of it then he can give them a slap on the wrist (if that), rather than have Kucinch ask the tough questions. - sHockz, on 01/15/2009, -1/+64we will never win with a fractional reserve banking system.
whoever controls the money controls the power. - ThinkOutTheBox, on 01/15/2009, -2/+60Just another dog and pony show.
- muckemuck, on 01/15/2009, -3/+54You mean after Congress took insane amounts of money for their re-election campaigns from the very banks that make up the Federal Reserve and then turned around and gave those very same banks trillions of dollars of bailout money?? You expect Congress to get tough with the folks who they really work for? Ha...
- jonjonblazezany, on 01/15/2009, -9/+53END THE FED after all its not even FEDERAL it's a bank ran by the Rockefeller's, the Rothchilds, JP Morgan, The Bilderberg Group with no one allowed to buy in not even our country Jefferson warned us of this and still we sit back and take being slaves for the elite few
oh and the Constitution says it against the law for us to have paper money all money should be coin and back by the SILVER AND GOLD not back by make believe
- presidentraygun, on 01/15/2009, -3/+47Congressional oversight... isn't that like putting Michael Jackson in charge of the Orphanage?
- TheEngineer2008, on 01/15/2009, -3/+46Yep. Ron Paul is the ranking Republican on the House Financial Services Committee. I'm sure he'll take the Federal Reserve to task. :-)
- emmettgolf, on 01/15/2009, -1/+42The Federal Reserve is the cause of the current economic crisis and, as a private banking institution, Congress has no way to oversee it. The TARP Reform Act pushed through Congress by Barney Frank not only makes the additional $350 billion available, it also makes future funds available through direct loans to the FICA and Treasury without any Congressional oversight. The U.S. Treasury and your children's future is being given to the banks.
http://ewebsmith.com/Finance/hiddendemon.html - inactive, on 01/15/2009, -2/+39about time.
- stutimandal, on 01/15/2009, -4/+41Putting a net in the farm after birds have eaten the grains.
- Taken from an ancient Indian proverb. - intmailmc, on 01/15/2009, -1/+34It's amazing to me how many people in the US don't understand that the "FED" is actually a private corporation, licensed by the government to print money AND CHARGE INTEREST to the Government on money the Government can PRINT THEMSELVES. All of you working men and women out there in the states- your taxes don't go to ONE DIME of Federal infrastructure. Not one. No highways, military, schools, etc. Not ONE DIME OF YOUR INCOME TAXES. It goes to pay off that interest- when you can print that money interest free. It's about a TRILLION dollars a YEAR you'd save getting rid of the Fed.
This equals........The biggest scam ever.....and it's something neither Democrat OR Republican will address as they are both in on this racket. Wake up people! Time to take back your country you dumb monkeys! Quit thinking Obama is "God" when he is in on this RACKET AS WELL!!!!! - Ghoztt, on 01/15/2009, -1/+31Federal Reserve = Ultimate Transfer of Wealth Scheme.
EVAR. - inactive, on 01/15/2009, -2/+32LOL Congress takes the cake when it comes to acting like they are getting something done. Heres a relevant joke.
Cowboys & Yuppies
An grizzled old rancher was working his herd in a remote pasture here in South Texas when suddenly a brand-new Lincoln Town Car advanced out of a dust cloud towards him.
The driver, a well-groomed man in a Brioni suit, Gucci shoes, RayBan sunglasses and YSL tie, leans out the window and asks the old cowboy, "If I tell you exactly how many cows and calves you have in your herd, will you give me a calf?"
The rancher looks at the man, obviously some sort of an indoor yuppie, then looks at his peacefully grazing herd and wanting to see how such a thing would be attempted, calmly answers, "Sure, Why not?"
The yuppie parks his car, whips out his Dell notebook computer, connects it to his Cingular RAZR V3 cell phone, and surfs to a NASA page on the Internet, where he calls up a GPS satellite to get an exact fix on his location which he then feeds to another NASA satellite that scans the area in an ultra-high-resolution photo. The young man then opens the digital photo in Adobe Photoshop and exports it to an image processing facility in Hamburg, Germany.
Within seconds, he receives an email on his Palm Pilot that the image has been processed and the data stored. He then accesses an MS-SQL database through an ODBC connected Excel spreadsheet with email on his Blackberry and, after a few minutes, receives a response.
Finally, he prints out a full-color, 150-page report on his hi-tech, miniaturized HP LaserJet printer and finally turns to the rancher and says, 'You have exactly 1,586 cows and calves.'
'That's down right amazing son. Well, I guess you can take one of my calves,' says the old cowboy.
He watches the young man select one of the animals and looks on amused as the young man stuffs it into the trunk of his car. Then the rancher says to the young man, “How would you like two calves? If I can tell you exactly what your business is, I get my calf back, but if I fail, I’ll give you another calf.”
The man in the suit thinks about it for a second and then says, 'Okay, why not?'
'You're a United States Congressman’, says the rancher.
'Wow! That's correct,' says the sharp dressed man, 'but how did you guess that?'
'No guessing required.' answered the old cowboy. 'You showed up here even though nobody called you; you want to get paid for an answer I already knew, to a question I never asked. You tried to show me how much smarter you are than I am, and yet, you don't know a thing about cows...this is a herd of sheep.’
“Now give me back my dog before he smothers in your trunk.” - borez, on 01/15/2009, -1/+27Now that would be fun to watch.
- cardgame, on 01/15/2009, -1/+24can't wait for cspan on this one.
- EricDrawback, on 01/15/2009, -1/+23No man or institution should have the power to create money (aka "issue credit")
- hugolp, on 01/15/2009, -0/+20Absolutely the same that I though. Barney Frank is just trying to stop the "End the Fed" feeling that is growing in society by making a useless proposition.
- haydukeqc, on 01/15/2009, -1/+21::waits patiently for Dr. Paul to give the Fed a prostate exam with no lube::
- inactive, on 01/15/2009, -0/+20The Federal Reserve is putting itself above the law, not revealing who it is giving money to, SKIPPING Congressional meetings in favor of seeing international leaders. The Fed is, and always will be, complete scum.
- inactive, on 01/15/2009, -2/+21Get Ron Paul in there and it'll be serious. If he doesn't find ***** wrong, there won't be ***** wrong.
- cardgame, on 01/15/2009, -0/+19Its actually more like a murderer being the judge at his own trial.
- dieboldcracy, on 01/15/2009, -0/+18yeah, JFK started ramping up his scrutiny of the FED
- lovemorgul, on 01/15/2009, -4/+22Congressional oversight of the Federal Reserve is likely to ramp up.....
- dgendreau, on 01/15/2009, -1/+18Translation: More Kabuki Theater...
- twinklyJesus, on 01/15/2009, -2/+18Not likely, with Barney "look what I can do with fannie/freddie mac" Frank in charge. Chances are, Frank will get richer and the Fed Res will maintain its size and cumbersome reach into all the aspects of our financial world.
Dog & Pony show. - cardgame, on 01/15/2009, -0/+15Ding, ding, Ding. Give that man a prize.
- BlacklabelSAR, on 01/15/2009, -2/+17"Well, we create money out of nothing, "lend" it to you, and then charge interest on money that doesn't exist."
Money as Debt: http://video.google.com/videoplay?docid=-905047436 ... - Njon, on 01/15/2009, -0/+15Spencer Bachus is the ranking Republican. I WISH it were Ron Paul, but it's not.
- dieboldcracy, on 01/15/2009, -1/+13i admire Kucinich for speaking truth to power, but he still believes the answer is to spend our way out of this
- BESTenemy, on 01/15/2009, -0/+12People think the FED is some magical credit card that eliminates the need for repayment if cut up. Well, the FED has allowed us to go beyond our means through the establishment of unsound monetary system, but it only appealed to our desires to go beyond our means. They've provided the tool and whispered into our ear only what we wanted to hear: that the debt was a good thing to have, that one didn't have to save in order to buy etc. They've given us the "free" lunch we so wanted.
We can eliminate the FED and put safeguards in place to prevent another manifestations in the near future (before some new loopholes are exploited). The recovery will be painful, but it'll be worth it. The resulting prosperity will be real and sustainable, none of which is possible under the current privately controlled fiat regime.
But we do have to remember that the debts are there, with or without the FED. We can start paying them off now, or delay till tomorrow and then be faced with the same dilemmas, plus interest. The system assumes an infinite exponential growth in a finite environment. It eventually defeats itself. Do we want to stick with it till the end or choose something else, while we still can? We can still return to sound money and full reserve banking. We can be the first to emerge from this crisis, or we can wait for somebody else beats us to it. - BESTenemy, on 01/15/2009, -0/+12 Indeed. The constitution gives congress the power to coin money. If one coins money, he does not create money out thin air. He simply measures the amount of metal that's been mined or purchased on the market and puts a numeric value representative of its value. He denominates, which in itself, is a non-inflationary act and does not harm the economy. The interest rate gets set through the market demand for the commodity that serves as currency. No need for the central bank. No need for fiat.
Fiat was invented in China and later re-invented in Britain for financing of colonial expansion and war related deficits. It was designed as an alternative to open taxation. It was an way to bypass resposible transparent banking, supposedly standing in the way of rapid economic expansion. - inactive, on 01/15/2009, -1/+13Do you think he could possibly screw things up worse than they are? We've already had your "LOL".
- JonForTheWin, on 01/15/2009, -1/+12Congress is worthless unless it outright BANS THE ***** THING which it won't 'cause they're all bought and paid for ***** shills with a few exceptions.
- Barackalypse, on 01/15/2009, -0/+10Aren't Congress the morons that gave them $700 billion dollars for this bailout? I think its Congress that needs the oversight. Also, Barney Frank was one of the guys who was supposed to be watching over Fannie Mae and Freddie Mac all these years, and look how that turned out.
- ThinkOutTheBox, on 01/15/2009, -0/+10Oh there will def. be tough questioning, but that's all it will be Con. Paul is only one man.
- Motobike_man, on 01/15/2009, -0/+10Bawny Fwank (Barney Frank) is the problem!
- BurningSand, on 01/15/2009, -0/+10I was thinking, "The blind leading the blind", but you said it much better!
- syndustry, on 01/15/2009, -0/+10"Congressional oversight of the Federal Reserve is likely to ramp up sharply"
it should...but probably won't. Barney Frank will get a mysterious $150,000 donation and suddenly we'll hear about how "In order for the Fed to operate quickly and efficiently it must have no congressional oversight."
remember the congressman from NY looking into improprieties in the student loan industry? and Hillary Clinton's demand for universal healthcare?
don't get your hopes up. - myFriendDerrik, on 01/15/2009, -2/+12Abolish the Federal Reserve.
- scoot2006, on 01/15/2009, -1/+10Which is unfortunate.
- PeppermintPig, on 01/15/2009, -2/+11***** you Frank!
- fuckingusername, on 01/15/2009, -4/+13Zeitgeist: Addendum
http://video.google.com/videoplay?docid=7065205277 ... - iSamurai, on 01/15/2009, -0/+9A better video regarding the Fed. Easy to understand : http://video.google.com/videoplay?docid=6507136891 ...
The Fed is a PRIVATE (not FEDERAL) banking cartel run by the heads of the major banks.
END THE FED! - quakefiend, on 01/15/2009, -0/+9"Permit me to issue and control the money of the nation and I care not who makes its laws." -Mayer Amsched Rothchild
- VitriolAndAngst, on 01/15/2009, -0/+9I expect a hearing where some politico pounds their fist, and demands that he get some answers. Then, when the lame answers come forth, he will say; "how dare you." After that, everybody will enjoy catering from "My Friends Place," which makes really good chicken salad sandwiches. Maybe a few martinis to wash it down, and then about another 4 hours of grueling testimony.
Eat up folks, it takes some energy to put on such a song and dance. - kemp34, on 01/15/2009, -1/+10http://www.youtube.com/watch?v=Mj0JAfq4esk&eur ...
- Barackalypse, on 01/15/2009, -0/+8What does that say about the people in Congress (and our President) who give them a $700 billion blank check?
- Barackalypse, on 01/15/2009, -1/+9Its far worse than you think, Frank sits on the comitte responsible for oversight on Fannie Mae and Freddie Mac, AND:
"WASHINGTON — Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.
So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions."
http://www.foxnews.com/story/0,2933,432501,00.html -
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