HR 1207 – Audit the Fed – now has 290 cosponsors
Sep 17, 2009 Campaign for Liberty, Federal Reserve, Ron Paul, constitution, economy, financial, news, politics
HR 1207 now having 290 cosponsors is a significant number because now two thirds of the house of representatives is cosponsoring the bill, which means that now the bill is eligible for consideration under suspension of house rules. What that means is that the bill can be expedited through the house, by means of being considered “under suspension”, allowing a two-thirds vote for final passage and limiting floor debate and prohibiting floor amendments. By prohibiting floor amendments, the house votes on the bill as amended, which is what Ron Paul and his cosponsors want for this bill – HR 1207 needs to stay exactly as it is – short and to the point – without being watered down and made ineffective by the global elite controlled politicians that wish to keep the Federal Reserve exactly where it is today – with a stranglehold on the American people.
This is great news – and if your congressman/woman hasn’t cosponsored HR 1207, ask them to cosponsor it today! Also ask your senators if they will cosponsor S 604!
For reference, the house bill HR 1207 is called the “Federal Reserve Transparency Act of 2009″ and S 604 is called “Federal Reserve Sunshine Act of 2009″.
FREEDOM!!!!
Tags: Campaign for Liberty, constitution, economy, financial, HR 1207, news, politics, Ron Paul, S 604
Ben Bernanke re-nominated for Fed chairman; why do Obama and Congress love Bernanke so?
Aug 31, 2009 Peter Schiff, economy, financial, politics
It is official, Obama re-nominated Ben Bernanke for chairman of the federal reserve. Bernanke still has to be confirmed by the Senate, but that is likely to happen. Why? Why do Obama and the Congress love Ben Bernanke so much?
Obama and the Congress love Bernanke because he makes their lives very easy. Obama can’t run his huge deficits without Bernanke. Congress doesn’t have to cut spending with Bernanke. Obama wants desperately to keep Bernanke around in order to run his socialized health care system. All of the deficit spending is possible because unlike Paul Volker, Ben Bernanke is letting Obama and Congress off the hook by monetizing all the debt.
Politicians hated Paul Volker because he raised interest rates to over 20% during his chairmanship. They all wanted him to resign because they could no longer run deficits that they thought they needed to get re-elected. Alan Greenspan, often heralded as the greatest Fed chairman ever, lowered interest rates to 1%, effectively monetizing debt through the expansion of the money supply via wide open credit from the Fed. Ben Bernanke is doing the same thing – delaying the inevitable economic pain and suffering – by lowering interest rates to a staggering all time low of 0%. Of course Obama and the Congress love Bernanke! They can continue to spend, spend, spend, with no short term consequences. The consequences are delayed and transferred to our children, who will inherit the debt and won’t be able to repay it.
See Peter Schiff’s great video below.
Tags: ben bernanke, congress, economy, Federal Reserve, Peter Schiff
Bill Posey questions Ben Bernanke on federal reserve transparency
Jul 22, 2009 Ron Paul, economy, news, politics
During a hearing of the House Financial Services Committee, following Ron Paul, Bill Posey questions Ben Bernanke on inflation and Federal Reserve transparency. My favorite part of this video is when Ben Bernanke says, “because, we have to be extraordinarily careful that the markets and the public don’t think that congress is trying to influence monetary policy decisions”. Bernanke is showing just how scared he is that the fed is soon going to be opened up to a FULL GAO audit as per the language in HR 1207. Why Bernanke feels that the PEOPLE should not be able to influence monetary policy, through their elected representatives, is far beyond me.
Watch and enjoy.
Also watch Ron Paul’s questioning of Ben Bernanke on the same day.
Tags: audit the fed, ben bernanke, Bill Posey, economy, Federal Reserve, HR 1207, monetary policy, Ron Paul
Great links for the liberty minded
Apr 22, 2009 Campaign for Liberty, Ron Paul, chuck baldwin, constitution, economy, news, politics
If you’d like to learn about Austrian economics, visit mises.org.
Learn about economics, the Federal Reserve, the Constitution, current news, and civil liberties at freedomwatchonfox.com with Judge Napolitano.
Learn about the Federal Reserve, Iraq, the Constitution, civil liberties, and taxes at campaignforliberty.com – the continuation of Ron Paul’s presidential campaign and freedom movement.
Learn about the Federal Reserve, economics, Iraq, gold, and silver at lewrockwell.com.
Also please check out Chuck Baldwin’s newsletter at chuckbaldwinlive.com! Baldwin will talk about topics ranging from Iraq, gold and silver, the new world order, world government, globalism, Christianity, and much much more.
I will add more great links in the future, so check back!
Tags: Campaign for Liberty, chuck baldwin, constitution, economy, news, politics, Ron Paul
The Federal Reserve slashes interest rate to 0, throws gas on the fire
Dec 18, 2008 Ron Paul, economy, news, politics
Ben Bernanke
On December 16, 2008, the Federal Reserve cut its key interest rate to a range between 0 and .25%, the lowest since 1954.
Why does the Federal Reserve, a group of wealthy private bankers who were unconstitutionally given a monopoly on the creation of money in the United States, think it can solve this economic crisis by doing the very thing it did to create the problem in the first place? By lowering interest rates, the Federal Reserve is attempting to inject liquidity into the market by making lending more attractive to member banks, and their member banks, all the way down to the consumer trying to buy a car or house he/she cannot afford. As if the massive debt realized by this process is not bad enough, the money that the Fed issues is printed out of thin air, and thus debases the dollar.
I suppose there is some good news: the Federal Reserve cannot lower interest rates any more! When this last ditch effort to mend the economy fails, which it is bound to do, everyone will (finally) understand that the Federal Reserve cannot simply print wealth. Everyone will understand that deficit financing and monetization of debt can only last so long. Everyone will understand what happens when an organization like the Federal Reserve is allowed to operate with no oversight, regulation, or transparency to the people of the United States of America. Everyone will finally understand that the unlimited production of fiat currency is a system that is inherently flawed and destined for failure.
Everyone will realize that Ron Paul, Peter Schiff, and so many others were right after all.
Tags: ben bernanke, economy, Federal Reserve, inflation, Peter Schiff, Ron Paul
More economic wisdom from Jonathan Lebed
Oct 14, 2008 economy, investing, politics
Jonathan Lebed warns about a new stimulus plan and the sucker’s rally in the dollar:
The crash we saw in the stock market during the past few weeks is nothing compared to the crash we are about to see in the Dollar.Unfortunately, everybody in the government and media is too focused on current problems… they don’t have the foresight to see what problems are about to come next.Everybody panicked and sold their stocks… and now they are hoarding Dollars. They escaped a hurricane but are now in the path of a tornado.The hoarding of Dollars has created a temporarily strong Dollar… which is giving cover for Bernanke and Paulson to create as many Dollars as they want out of thin air to inflate the marketplace with liquidity.If a publicly traded company was diluting their stock at the same rate as Bernanke and Paulson are diluting the Dollar… the stock would be trading for subpenny.If your doctor was diluting your medicine or your farmer was diluting your milk, you would be outraged… wouldn’t you?Just because we haven’t seen a run on the Dollar up until now, doesn’t mean it isn’t coming. It is coming… and it will happen very soon.Most Americans don’t think it is possible for the Dollar to collapse. Some Americans think Dollars are still backed by Gold. It is this false trust and confidence that is keeping the Dollar propped up for now.This trust will quickly evaporate. How could you trust a currency when the treasury secretary of the country is injecting $10 billion of this newly printed money into Goldman Sachs, his former company?Now the Democrats in Congress want a new $150 billion stimulus plan. I told you before the first one was passed that it would be a disaster… and send prices of food and fuel through the roof. We had $5 a gallon gas by the time the checks arrived.A stimulus is a direct injection of inflation… where you don’t have to wait to feel the effects. The $700 billion bailout will take a few months to work its way through the system… but combined with a stimulus we could see a perfect storm.I profiled nine Gold and Silver companies as stocks to watch on Saturday, the most new stocks to watch I ever announced in one day. I gave DROOY a speculative rating of 1, my highest level of confidence. DROOY has been in business since 1895.If you look at its long-term chart, back in 1979-1981… DROOY made a run from $15 to over $500 in less than two years. Another run like this for DROOY and several other of my new stocks to watch… is not only possible, but likely… if Gold prices skyrocket like I expect.Hopefully those who doubted me in 2005 when I said to get out of Real Estate, will trust me now when I say to get out of the Dollar. Commodities will be the new hot asset class to invest in… and Gold will lead the way.
Tags: Bernanke, dollar, economy, gold, inflation, Paulson, silver
Intent of the tightening of credit markets and the resulting recession unfolding?
Oct 11, 2008 economy, news, politics
In light of the buckling of the U.S. economy, and economies around the world, China and France are calling for a global currency and a new world order, respectively.
The People’s Daily, the official newspaper of the Chinese Communist Party, calls for a new currency order after “financial tsunami” saying, “The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States.”
Chinese call for a New Currency Order in wake of “Financial Tsunami”
Nicolas Sarkozy, President of France, called for a new world order. “There will be no peace unless the international community stands full square in its determination to fight terrorism”. Poorly chosen words, perhaps, because Sarkozy also talks about ending the wars in the middle east. Perhaps not though, since Sarkozy is friendly with George W. Bush, who’s father George H.W. Bush was a huge proponent of a “new world order”.
Nicolas Sarkozy calls for a “new world order”
The Chinese Communist Party, Nicolas Sarkozy, and George H.W. Bush are not the only ones that have called for a new world order:
Barack Obama calls for a new world order in Berlin
Bill Clinton’s new world order worldview
Gordon Brown, Britain’s new Prime Mininster, new world order speech
Tony Blair, former Britain Prime Minister, new world order speech
George H.W. Bush original new world order speech
Tags: bill clinton, bush, china, economy, gordon brown, new world order, nicolas sarkozy, tony blair
