Wednesday, July 8, 2009

Ron Paul vs The Fed


He should have named the rest of Democratic Leadership as well as the Obama Administration.

Congressman Ron Paul wants to audit the Federal Reserve.

Can you imagine? The nerve of the guy. You mean to tell me that a Member of the People's House wants a full accounting of Fed activities and its balance sheet?

You mean to tell me that this isn't public information?  Yes, that is EXACTLY what I want to tell you.

99.9% of Americans have not read the Federal Reserve Act of 1913.  It would also appear that no presidential candidate since Woodrow Willson has, either - considering the claims of job creation and management of the economy these nit wits promise to an even less informed electorate.

The fact is this: The Federal Reserve is not audited by Congress, is completely independent (lol!), Bank Presidents cannot be fired (merely not reappointed), and for those of you busy looking for an economic boogey man - The Fed is as good as it gets.  The Federal Government does not even own the Federal Reserve (which begs the question - who does?).  (Feel free to Google away, I am not going to provide sources for such common knowledge stuff.)

Its hard to believe, but the Democratic Leadership in the Senate today used procedural techniques to stop the Audit of the Federal Reserve.  I wonder why.






4 comments:

Anonymous said...

So is it safe to say that the fed is made up of 12 reserve banks which are "owned" by regional banks, who then make 6% on their investment, cover their operating costs (salaries) then gives what is left to the Treasury....

shiloh1862 said...

Because the Senate is owned by the Bankers. Too bad those f'tards implemented the 17th amendment. Otherwise we could just recall those traitors.

Pickdog

talnik said...

As I understand it Wilson did not read it either.

Anonymous said...

thanks for sharing.......

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