Ron Paul Is Right! We Should Audit the Fed

When billionaire bankers say that what goes on behind the curtain in the banking industry is all good, you know it must be true! Why should we bother looking?

One story, for example, is the following: “In 1995, a senior Clinton Administration official shared with me the Administration’s targets for Fannie Mae and Freddie Mac mortgage volumes in low- and moderate-income communities. We had recently reviewed the Administration’s plans to increase government mortgage guarantees — most of these mortgages would also be pooled and sold as securities to investors. Even in 1995, I could see that these plans would create unserviceable debt loads in communities struggling with the falling incomes expected from globalization. Homeowners would default on mortgages while losses on mortgage-backed securities would drain retirement savings from 401(k)s and pension plans. Taxpayers would ultimately be hit with a large bill . . . but insiders would make a bundle. I looked at the official and said that the Administration was planning on issuing more mortgages than there were houses or residents. “Shut up, this is none of your business,” the official snapped back.” http://solari.com/blog/?p=2293

Wasn't that one of Obama's touted policies ... "transparency"? But then, it was Senators in the Senate that blocked this bill of transparency, not Obama. However, I do think Obama should go on Television and make a definitive statement about it, like he has about other topics, being that "transparency" was high on his priority list. All we can do is vote, and if we don't like the political parties that are in control, we need to create a new one ... only problem is, the majority of US citizens are idiots and are easily brain-washed, so to get the majority of voters to vote in a candidate from a new political party would be seemingly impossible ... but we still need to try.

A while back they ran an Audit in Iraq, and found several thousand Guns missing. We had to account for every Mess Tray, on threat of life! Different times, different accountability!

When Bernanke claims to be an expert on the great depression, it it akin to a pyromaniac getting a firefighters job?

I left the republican party after 37 years to join Ron Paul. They are no better than any dems. VOTE OUT ALL THE CROOKS, TAKE BACK ALL OUR MONEY!!!

The real rulers of the world will never allow the audit of the Fed because they are the Fed. This bill will be blocked on every imaginable issue possible. And the media will convince everyone that an audit is ludicrous. "Just trust us" to enslave all of you to more debt and taxes which equals more control.

Why am I not out in the streets, am I scared, or just stupid and lazy. How about you??

Not surprised to hear any of this. Should have let the banks fail. Lehman failed and the world didn't end. Oh well an opportunity lost.

END THE FED!!! There is no authority in the Constitution for a central bank.

I voted for Ron Paul...but my precinct shows no votes for him. The reason they don't want to audit the Fed is for the same reason we want them to...there is no end to this scam until the system collapses. Read Atlas Shrugged to figure out where we are going. The looters and the moochers are in charge and that is nothing but BAD news for the PRODUCERS. End the Fed, it is unconstitutional and a central bank was what our founding fathers were AGAINST! It is through their process of inflation and deflation that will make us all end up homeless and destitute on the shores our fathers conquered. GOD BLESS AMERICA, what's left of it that is.

Ron paul doesn't believe in fiat money. So, if you want to follow him all the way you better score some tickets to Florida for the autumn storm time so you could collect some clamshells to use later in exchange for whatever you want to buy.

I'm all for openness and fairness, but come on, do any of you really think that a politician wants to be held accountable for anything? They will scream and act shocked, shocked that the Fed manupulates the markets, but at the end of the day, they won't do anything because it will remove a popular target.

News for Whit Chambers: Money DOES grow on trees. The garden, however, is exclusive to the elite and entitled (read RICH) and resides exclusively inside the Federal Reserve BANK -- the same bank with private shareholders than receive the stolen money from U.S. citizens (read J.P Morgan you fools). Get a clue people, the Federal Reserve is in no way interested in your well being whatsoever, that is unless you are part of the elites that have completely wrecked the nations treasury, U.S. dollar and the common man.

If the Fed is not willing to have an audit, what is the difference between them and Madoff? Nothing...

Court Rules Federal Reserve is Privately Owned Case Reveals Fed's Status as a Private Institution Lewis v. United States, 680 F.2d 1239 (1982) John L. Lewis, Plaintiff/Appellant, v. United States of America, Defendant/Appellee. No. 80-5905 United States Court of Appeals, Ninth Circuit. Submitted March 2, 1982. Decided April 19, 1982. As Amended June 24, 1982.

Johnny might be onto something, what is in the treasury? They sold their printed bonds to the other greedy country's of the world who are now coming to realize what they really have. I'll bet the vaults are full of waste paper baskets, old Zerox machines and our politicians sitting around the card table laughing their asses off. Maddoff, Sanford, Enron were pale in comparason to what our insiders have been doing. The ultimate ponzi, Keep voting them in, insanity!

If the senate blocks the Audit of the Fed, then we need new senators ASAP. Vote and Vote these senators have to go!

"appetite for U.S. debt remains relatively strong." Give me a break. Treasury has already spent 177B to buy back U.S. debt secretly before last bond auction. Now, it's more likely the number over 200B. U.S. is broken.

This is why Ron Paul is right--this blew me away. http://www.youtube.com/watch?v=PXlxBeAvsB8 send it to everyone you know.