Author Topic: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]  (Read 9744 times)

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Offline TheHouseMan

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My comment: I guess the Fed hiring an Enron lobbyist just wasn't good enough to sway around the massive movement against their criminal activities. Now they're launching full on attacks against their own country! I mean, think about that. America's central bank is threatening to weaken the entire country's economy unless they are allowed to continue operating above the law.

This is it, people. This is literally a battlefield between the dying remains of the new world order and the free, awakened people within the United States.

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Federal Reserve threatens to jack up interest rates if Congress continues to expose them!

http://www.infowars.com/federal-reserve-threatens-congress-over-hr-1207/

On Thursday of last week, the Federal Reserve’s vice chairman, Donald Kohn, threatened to jack up interest rates if Congress continues to expose “some of the U.S. central bank’s most sensitive decisions to political scrutiny,” Reuters reported. “Any substantial erosion of the Federal Reserve’s monetary independence likely would lead to higher long-term interest rates as investors begin to fear future inflation,” Kohn told a House of Representatives Financial Services subcommittee.

Kohn’s threat came as Ron Paul’s bill to audit the Federal Reserve (HR 1207) has picked up 256 co-sponsors — more than 55% of the House of Representatives. HR 1207’s companion bill in the Senate, S 604, has already attracted 8 co-sponsors. Kohn and his boss Ben Bernanke are obviously very concerned over the prospect that the American people may soon have a look at their books.

Ron Paul: “political shenanigans” going on with the Fed.

Kohn went before Congress as debate rages over Obama’s plan for “regulatory reform,” in effect granting the Fed power to gobble up companies in national socialist fashion and consolidate banking and securities across the board. In order to quell outrage over this brazen power grab, Obama and his bankster advisers propose a token council of regulators advise the Fed.

On June 16, Goldman Sachs operative Timothy Geithner said: “When you have too many people involved, there’s an accountability problem.” In other words, Congress and the American people need to mind their own business. The Federal Reserve is an institution owned by the bankers, not the American people.

“Some people think the Federal Reserve Banks are the United States government’s institutions,” Louis T. McFadden, Chairman of the Committee on Banking and Currency in 1932 during the “Great Depression,” had entered into the Congressional Record. “They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers.”

McFadden’s international swindlers are running scared from HR 1207 and public anger over last year’s engineered financial crisis and Fed-orchestrated “bailouts” of investment bank Bear Stearns and insurer American International Group.

“The Federal Reserve strongly believes that removing the statutory limits on GAO audits of monetary policy matters would be contrary to the public interest by tending to undermine the independence and efficacy of monetary policy,” said Kohn. He said accountability to the people would “cast a chill” on monetary policy deliberations held in secret behind closed doors.
Kohn then threatened to jack up interest rates. “The bond rating agencies view operational independence of a country’s central bank as an important factor in determining sovereign credit ratings, suggesting that a threat to the Federal Reserve’s independence could lower the Treasury’s debt rating and thus raise its cost of borrowing.”

Bernanke’s underling made no bones about the fact Paul’s bill is a direct threat to the “independence” of the Federal Reserve. “History provides numerous examples of non-independent central banks being forced to finance large government budget deficits. Such episodes invariably lead to high inflation,” he said. “Given the current outlook for large federal budget deficits in the United States, this consideration is especially important.”

Talk about doublespeak. In fact, the Federal Reserve is all about huge federal budget deficits and a mounting federal debt. The Federal Reserve was established in 1913 by the banksters for the purpose of creating debt-based money secured by thin air. The American people are seriously and terminally indebted to the bankers and currently owe over $400 billion a year in interest alone, with no hope of every paying off the principal, which is in the tens of trillions.

In 1910, before the passage of the Federal Reserve Act, the federal debt was a mere $1 billion, or $12.40 per citizen. Now the overall debt is over 80% of the annual output of the entire U.S. economy, as measured by the gross domestic product. When government “obligations” are considered, the debt balloons to an astronomical $56 trillion, or roughly $184,000 per American, according to the Peter G. Peterson Foundation.

It is simple, really — the larger the debt, the richer and more powerful the international bankers become. The Federal Reserve is their front organization and it runs roughshod over Congress.

The passage of HR 1207 is not certain and it faces an even more strenuous uphill battle in the Senate. It is, at this point, our only practical hope of auditing the Fed, revealing its numerous crimes, exposing its mega-grand theft scams, and delivering Donald Kohn, his boss Bernanke, and the minions of the international banksters to justice.

Offline GhostofTsenzei

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My comment: I guess the Fed hiring an Enron lobbyist just wasn't good enough to sway around the massive movement against their criminal activities. Now they're launching full on attacks against their own country! I mean, think about that. America's central bank is threatening to weaken the entire country's economy unless they are allowed to continue operating above the law.

This is it, people. This is literally a battlefield between the dying remains of the new world order and the free, awakened people within the United States.

No no, they are threatening that the Bond Rating Companies (which they[NWO] control) will weaken the entire country's economy.  Though I'm not sure what there's left to weaken considering that loans aren't being made much anyway.
There is no "gray" when it comes to what is good or evil, it is always black and white.  People have the potential to be as evil as Hitler, or as good as Gandhi or MLK Jr.  However, most people are more like zebras.

thenewsonsofliberty

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i mean, cant we just say "go screw" jack up the interest all you want, if we refuse to acknowledge our debt to the central bank as legitimate what can they do?

Offline GhostofTsenzei

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i mean, cant we just say "go screw" jack up the interest all you want, if we refuse to acknowledge our debt to the central bank as legitimate what can they do?

Implement martial law through the controlled Government of the US... or use foreign nations who's bonds and loans suddenly become worthless, using that as provocation to get them to take a more hostile stance against the USA.

That's what they could do, doesn't mean what you're suggesting isn't a good idea though.  Yet it does have to be done by process, if anything else, to make sure we can still pay for required things, like our military, and to make sure that military isn't used against us while we implement it all.
There is no "gray" when it comes to what is good or evil, it is always black and white.  People have the potential to be as evil as Hitler, or as good as Gandhi or MLK Jr.  However, most people are more like zebras.

thenewsonsofliberty

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yeah i hear ya. but i mean, really the world is pretty good at follow the leader. and they are criminals, if we expose that wouldnt that essentially make them powerless? ..although they do have all the gold. we just need to get the venus project started up.

it reminds me of the scene in the dark knight when that underling at wayne enterprise tries to black mail batman, and morgan freeman is just like, really? i mean, if we take the government back.. lock em up, say f**k you on your debt you stole it. and take it back. :)

Offline GhostofTsenzei

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yeah i hear ya. but i mean, really the world is pretty good at follow the leader. and they are criminals, if we expose that wouldnt that essentially make them powerless? ..although they do have all the gold.

Yes, it would remove their power, essentially.  So long as people followed up the exposure with taking their power back.  Gold, other than being a useful substance, doesn't have that much importance.  Fiat currency isn't a bad thing, so long as its controlled by the people, and banks don't have leave to invent money from nothing etc.  Its good to have actual things backing it up, but with fiat currency it isn't limited to the properties of a given substance, but can also mean production, goods, etc.

The "Greenbacks" for example were fiat currency, but they weren't controlled by the banks, which is why they went after them.  There are other examples of local fiat currencies that have done very well, and helped create prosperity where gold may not have.

Quote
we just need to get the venus project started up.

I actually like the Venus Project, but currently, unless we can remove the NWO from power, AND make it so that no future "NWO" or similar groups/persons can get that kind of power, implementing the Venus Project will only advance their agenda.  Like with currencies, it is less important what they are made out of, than it is who controls the issuance and value of it.  The same is true of governance, and of society.
There is no "gray" when it comes to what is good or evil, it is always black and white.  People have the potential to be as evil as Hitler, or as good as Gandhi or MLK Jr.  However, most people are more like zebras.

thenewsonsofliberty

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #6 on: July 13, 2009, 12:47:07 am »
legit response.

Offline Volitzar

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #7 on: July 13, 2009, 01:52:58 am »
This audit is long over due.

Besides if it passed by Congress Constitutionally, which is more than I can say about Obama's election, then the Federal-Reserve will have no choice to comply or be get SWAT TEAMED.

God D >:( >:( >:(ed Federal-Reserve who the [email protected]#$% do they are acting with such impunity.

When the audit gets passed, I'd recommend to Ron Paul that he have a SWAT TEAM on standby.  Let's see if these enforcers can really be put up or shut up with some real delinquent scum for a change instead of harassing old ladies, teens, and the crippled.

Weed out the men fer sure.

Offline SpeakUpFightBack

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #8 on: July 13, 2009, 08:16:53 am »

Check out Ron Paul's response.... another classic!!!

http://www.youtube.com/watch?v=cscwbWjfKPc

"To revolt is a natural tendency of life. Even a worm turns against the foot that crushes it. In general, the vitality and relative dignity of an animal can be measured by the intensity of its instinct to revolt." - Mikhail Bakunin

Offline chris jones

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #9 on: July 13, 2009, 12:50:56 pm »
Let them, but do the audit.
Americans can not lie down to threats, or its bottoms up forever.

Who the FK are they to threaten the citizenry of this nation.

PIZZ on em, let them, BUT DO THE AUDIT.


Offline trailhound

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #10 on: July 13, 2009, 12:55:01 pm »
Quote
Check out Ron Paul's response.... another classic!!!

http://www.youtube.com/watch?v=cscwbWjfKPc

 Old Iron Balls ;D

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Offline Dig

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #11 on: July 13, 2009, 01:21:17 pm »
Old Iron Balls ;D

You can sink an aircraft carrier with those balls!
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Offline Dewk

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #12 on: July 13, 2009, 01:41:30 pm »
    I just hope the guy the FED hired don't sway any votes.  Mostly I prey that the signers didn't sign so they get paid to re-neg their vote later for $,$$$,$$$.
I took the red pill. I can handle the truth !!?

Offline Dig

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #13 on: July 13, 2009, 03:05:15 pm »
   I just hope the guy the FED hired don't sway any votes.  Mostly I prey that the signers didn't sign so they get paid to re-neg their vote later for $,$$$,$$$.

Ron Paul laid it out, he said it is the people's bill and is going to the people with it.  They can change votes all they fricking want...EVERYBODY KNOWS!!!!!!!!!!!!
All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately

thenewsonsofliberty

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #14 on: July 13, 2009, 04:47:03 pm »
my post got deleted :(

i wasnt trying to be offensive.. just speculating. obvioulsy i wasnt endorsing it either, i love dr. paul.

Offline Mr Grinch

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #15 on: July 13, 2009, 09:56:19 pm »
You can sink an aircraft carrier with those balls!

Thats Old Gold Balls.  ;D ;D ;D

With full platinum diamond "casings" of course.

edit:
He called the pirates counterfeiters. BwaHaaHaaHaa!!!
 ;D ;D ;D
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luckee1

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #16 on: July 13, 2009, 10:23:23 pm »
bump

Offline Dig

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #17 on: July 14, 2009, 07:51:59 am »
my post got deleted :(

i wasnt trying to be offensive.. just speculating. obvioulsy i wasnt endorsing it either, i love dr. paul.

I know, but others do not and trolls use that kind of shit against us. there is no concern on my part as far as where you were coming from.
All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately

EvadingGrid

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #18 on: July 31, 2009, 03:40:58 am »
Ron Paul laid it out, he said it is the people's bill and is going to the people with it.  They can change votes all they fricking want...EVERYBODY KNOWS!!!!!!!!!!!!

Its TOP SECRET Sane . . .
shhh...
don't let the London Markets panic
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Bernanke explains Fed’s new openness

The Financial Times London
By Edward Luce in Washington
Published: July 30 2009 19:19 | Last updated: July 30 2009 21:41


Ben Bernanke has explained his decision to turn the normally secretive US Federal Reserve into something of an open house, saying his unusually large number of recent public appearances are the result of the “extraordinary” times the country faces.

The Fed chairman has turned up at everything from a 60 Minutes television interview to a Kansas City town hall session over the past few weeks, prompting some to wonder if he is trying to ensure he is re­appointed when his four-year term ends in January.

However, Mr Bernanke said he was answering a clear public need. “Normally Fed chairmen don’t do this kind of thing because we want to avoid causing near-term market volatility as people try to anticipate our next FOMC [federal open markets committee] meeting,” he told the Financial Times this week.

“But this is an extraordinary period. We want to answer the questions we know people have about what hit them in this economic crisis, what the Fed is doing about it and how we expect economic developments to play out.”

The Fed’s new openness is well timed. This week, as the debate continues over the bank’s role in the financial crisis and proposed prudential powers, Gallup showed it is held in lower esteem than the Internal Revenue Service.

More seriously, there is a populist headwind in Congress among some lawmakers who want to remove the Fed’s monetary independence.

Cynics believe Mr Bernanke is using this public relations outreach to ensure he is reappointed next January. But Mr Bernanke says the goal is to educate the public about what the Fed does at a time when it keeps getting caught in the crossfire over its role in the crisis and its future prudential powers. The first question Mr Bernanke received last Sunday was from a social worker who wanted to know what the Fed actually did. The softly spoken chairman told another questioner that he did not wish to be the “chairman who presided over the second Great Depression”.

One bill, backed by Ron Paul, the maverick Republican, has 250 co-sponsors and would, in the Fed’s view, rob it of autonomy by giving auditors the right to look at its monetary policy decisions.

As a result, since January Mr Bernanke has made himself available to Capitol Hill, giving 11 public testimonies, holding 25 one-to-one meetings with lawmakers and meeting nine groups from both parties.

Mr Bernanke’s outreach completes a revolution in the way the Fed does business that began under his predecessor, Alan Greenspan. Until the early 1990s, the Fed did not even communicate the results of its monetary policy meetings, leaving it up to markets to work out what interest rate decision it had made. Today, it publishes full minutes from the meetings.

Mr Bernanke, who had a 75 per cent approval rating from international investors in a Bloomberg poll last week, faces a gruelling autumn when Congress looks at controversial proposals to give new powers to the Fed as a systemic risk regulator.

The chairman’s personal standing remains high. “I would be astonished if Ben isn’t re­appointed,” says Alice Rivlin, a former vice-chairman of the Fed. “He has become very good at interacting with people beyond the usual circles and he is good at avoiding traditional Fed-speak.”

Offline ekimdrachir

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Re: Federal Reserve threatens Congress over HR 1207 [Audit the fed bill]
« Reply #19 on: October 20, 2009, 02:13:53 pm »
Check out Ron Paul's response.... another classic!!!

http://www.youtube.com/watch?v=cscwbWjfKPc
This video has been removed due to terms of use violation.

Offline Joseon

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No no, they are threatening that the Bond Rating Companies (which they[NWO] control) will weaken the entire country's economy.  Though I'm not sure what there's left to weaken considering that loans aren't being made much anyway.

It's a bluff. And a slimy one at that.
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Offline rustygunn

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Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says
« Reply #21 on: October 31, 2009, 06:37:55 am »
By Bob Ivry

Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.

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.

“There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”

The Fed, led by Chairman Ben S. Bernanke, has come under greater congressional scrutiny while attempting to end the financial crisis by bailing out financial firms and more than doubling its balance sheet to $2.16 trillion in the past year. The central bank is also buying $1.25 trillion of securities tied to home loans.

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.

Original Language

Paul said he intends to introduce an amendment to the bill when it comes to the House floor for a vote restoring the legislation’s original language.

Representative Barney Frank, a Democrat from Massachusetts and chairman of the committee, said in interview that he intends to ensure legislation would provide a time lag between FOMC actions and the reporting of them.

Such a provision would “lessen the market impact,” he said on Oct. 20. “The importance is to see that there are no abuses and to judge what they did.”

The legislation will probably be included in a broader Democratic package of financial-regulation changes in the House, Frank said.

http://www.bloomberg.com/apps/news?pid=20601103&sid=atc2o1ijLRno#