Fed Independence or Fed Secrecy?
[WHAT HAPPENS
IN AMERICA CONCERNS-YOU!]
[A WORLD
ISSUE OF MAJOR CONCERN TO ALL INDEPENDENT NATION
STATES IN THE WORLD-TO DESTROY THE FOX IN LAMB'S
CLOTHING]
Last week
I was very pleased that hearings were held on
the independence of the Federal Reserve system.
My bill HR 1207, known as the Federal Reserve
Transparency Act, was discussed at length,
as
well as the general question of whether or not
the Federal Reserve should continue to operate
independently.
The public
is demanding transparency in government like
never before. A majority of the House has
cosponsored HR 1207. Yet, Senator Jim DeMint’s
heroic efforts to attach it to another piece of
legislation elicited intense opposition by the
Senate leadership.
The
hearings on Capitol Hill provided us with a
great deal of information about the types of
arguments that will be levied against meaningful
transparency
and how the secretive central
bankers will defend the status quo that is so
beneficial to them.
Claims are
made that auditing the Fed would compromise its
independence. However, by independence, they
really mean secrecy. The Fed clearly cherishes
its vast power to create and spend trillions of
dollars, diluting the value of every other
dollar in circulation, making deals with other
central banks, and bailing out cronies, all to
the detriment of the taxpayer, and to the
enrichment of themselves. I am happy to
challenge this type of “independence”.
They claim
the Fed is endowed with special intellectual
abilities with which to control the market and
that central bankers magically know what the
market needs. We should just trust them. This
is patently ridiculous. The market is a complex
and intricate thing. No one knows what the
market needs other than the market itself. It
sends signals, such as prices, that should be
reacted to and respected, not thwarted and
controlled. Bankers are not all-knowing and
cannot ignore the rules of supply and demand.
They might act as if they are, but their
manipulation of the market just ends up throwing
it wildly off balance, which gives us the boom
and bust cycles.
They claim
the Fed must remain apolitical. No organization
is apolitical that relies on the President to
appoint the Chairman. In fact, it is subject to
the worst sort of politics – power to create
trillions of dollars and affect the value of
every dollar in the country without the
accountability of direct elections or meaningful
oversight! The Fed typically enacts monetary
policy that is favorable to particular
administrations close to elections, to the
detriment of long term considerations. They do
this partly because of the political appointee
process for the Chairmanship.
The only
accountability the Federal Reserve has is
ultimately to Congress, which granted its
charter and can revoke it at any time. It is
Congress’s constitutional duty to protect the
value of the money, and they have abdicated this
responsibility for far too long. This was the
issue that got me involved in politics 35 years
ago. It is very encouraging to finally see the
issue getting some needed exposure and
traction. It is regrettable that it took a
crisis of this magnitude to get a serious debate
on this issue.
[THE
FALSE PROPHETS OF THE
NEW WORLD ORDER
& WORLD GOVERNMENT CANNOT ACHIEVE THEIR AIM IF
THE
FEDERAL RESERVE BANK LOSES IT'S INDEPENDENCE
FROM CONTROL OF THE
INTERNATIONAL BANKERS
WITH
THEIR MANY CENTRAL BANKS ACROSS THE WORLD.
THIS IS
A FIGHT FOR LIBERTY WHICH MUST BE WON - NOW IS
THE TIME TO DO IT!]
Posted by Ron Paul
(07-13-2009, 01:20 PM) filed under
Monetary Policy
*
Ron Paul-"I see no purpose
for the Federal Reserve Bank"
ALSO
[On Newsnight
BBC2-July 16 we hear a Japanese banker who
should know better say that the British
government should spend itself out of the
RECESSION. The above video gives the correct
answer.
*
AT LAST
A MOST COURAGEOUS GREAT LEAP FOR
ALL
MANKIND
A
VAMPIRE MONEY THIRST WHICH BLEEDS THE
PEOPLE DRY
Mr Brummer stated
'Even now, Goldman Sachs could not be operating
at its current velocity without the help of the
trillions of dollars being flushed through the
financial system by central banks including the
Federal Reserve and the BANK of ENGLAND,
Because
of its friends in the highest places of global
finance no one even dares question the notion
that what is good for Goldman Sachs is good for
the global economy. That ,I suspect is a precept
that is going to be increasingly challenged.'
*
On
Wednesday July 22,2009 the Daily Telegraph
closes the circle with the devastating news of the
UK debt payments to double by 2013 .This is
because central banks print money out of thin
air and charge the Government -the Taxpayer- with
monster profits to the International Bankers.
Money issued by only a Government would be
interest free and no crippling compound interest
and further added interest on that debt
etc-etc-etc to enslavement of the taxpayer and
loss of economic and political FREEDOM.
See
Here
Also
DT reporter Liam Halligan
-'This involves the Bank of England expanding
its balance sheet from NOTHING in order to
purchase DEBT INSTRUMENYS from the
market'[International Bankers]
In answer to Liam Halligan's last comment:
Such
credibility, tough to win, is easy to lose.
Because of QE, the UK is now losing it – at
breakneck speed. Yet those who will form our
next government are silent – not yet in power,
but complicit in this grotesque policy vandalism
[
Because we have in the
Shadow Cabinet members of the NEW WORLD ORDER
and for WORLD GOVERNMENT with a reduction in the
world's population of at least 5 BILLION-
such as Kenneth Clarke-George Osborne- William
Hague and others matched by Gordon Brown-Ed
Balls and Peter Mandelson and others in
the Government with Mervyn King the present
Governor of the Bank of England. Central
Banks world wide are making the recession deeper
because the more GOVERNMENTS BORROW the more
PROFIT the LENDERS will MAKE. It has
been stated throughout history that to CONTROL
the MONEY SUPPLY is to CONTROL POLITICS and
GOVERNMENT . Gordon Brown or Parliament do not
run the UK but the INTERNATIONAL BANKERS. So let
us stop the charade. In the USA there are
300 large extensive concentration camps many
with facilities to gas the occupants which will
be brought into being should a PRETENCE for
MARSHAL LAW be introduced. At present American
citizens are being phoned at home to ask if they
have had their swine flue jabs and officials
dressed in blue uniforms are arriving at the
door to inoculate the occupants and should the
FEME LAW be introduced the people will either
have to be inoculated on the doorstep or taken
to one of the camps. In parts of the US there
are stockpiles of over 500,000 large
plastic coffins capable of holding a number of
bodies and requests have been made for burial
plots to hold hundreds of thousands and at
different locations in the country there are
FOREIGN TROOPS including BRITISH-CHINESE and
other EUROPEAN FORCES who are there to take over
COMMAND of the DETENTION CENTRES or a better
description would be CONCENTRATION CAMPS.
If the FREE PRESS? in the UK will prove these
allegations FALSE and that no such PLANS are in
place in the UK we shall be very pleased and
will remove this statement IMMEDIATELY from our
FRONT PAGE.. While in this country we are
discussing the ECONOMY in the USA they are
discussing SURVIVAL of a greater part of the
POPULATION from the SECRET and TOTALITARIAN
intentions of their NEW WORLD ORDER
DICTATORS.
See
Here
FEDERAL RESERVE-AMERICA'S
GREATEST
ROBBERY-PART ONE
A
SECRET PRIVATE CARTEL-NO AUDIT -NO ACCOUNTABILITY-NO
LIMITATION OF MONEY SUPPLY OUT OF THIN AIR -
BORROWERS TURNED INTO SERFS -BUT MONEY POWER
=WORLD DOMINATION AND CONTROL OF EVENTS
*
FREEDOM OR SLAVERY-FIGHT
BACK NOW!-JOIN
THE VOLUNTARY ASSOCIATION ABOVE TO PROTECT YOUR
INHERITANCE BEFORE IT IS FINALLY TAKEN FROM YOU!
There is
another fascist and totalitarian
'Gathering Storm'
almost
upon us. It will take
COURAGE and COMMITMENT
to
STAND FIRM together and
MARCH to VICTORY
as
FREE PEOPLE over the EVIL
ELITE
who now
CONTROL YOUR COUNTRY
through
CENTRAL BANKS
in their quest to
WORLD GOVERNMENT]
THE SPIRIT OF ENGLAND by
WINSTON CHURCHILL
*
President Eisenhower's
speech to the American people in 1961 -past
Supreme Allied Commander of Land Forces in World
War II of 'overlord' the invasion of Normandy on
June 6-1944-to set EUROPE FREE
*
TIME TO MAKE A STAND
*
JULY
17-2009
