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
Sarah Palin endorses Rick Perry – what?!
I just lost quite a bit of respect for Sarah Palin. Sarah Palin is endorsing, and will be campaigning for, Rick Perry for governor of Texas. Why she would support the scumbag, bilderberg going, trans-texas corridor pushing new world order shill I have no idea. My only guess is that she simply doesn’t know what kind of scum he is, and that wouldn’t say much about her either. Too bad; after she had kind words about Ron Paul I thought she actually cared about the constitution and civil liberties.
Needless to say, I would have voted against her in 2012 anyway, if she decides to run for president. Hopefully I will have the honor of voting for Rand Paul for President in 2012.
Tags: news, politics, rick perry, Sarah Palin, trans-texas corridor
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
Jonathan Lebed on the $700 billion bailout
Oct 9, 2008 Ron Paul, economy, politics
Jonathan Lebed, a stock promoter ,market genius, and Ron Paul supporter commented on Bernanke and Paulson’s $700 billion bailout in a recent email (subscribe here). Lebed has consistently heralded his distaste for Bernanke, Paulson, and the current financial system (of monetization of debt and deficit financing) of this country. Since I wholeheartedly agree with Lebed on the subject, I simply quote his email:
It is amazing how Bernanke and Paulson were able to scam America into believing the $700 billion in “illiquid” mortgage-backed securities they are about to purchase, will somehow be resold in the future to recoup the money or potentially even make a profit.
If a homeowner stops paying their $400,000 mortgage, instead of the bank foreclosing on the home… they will simply sell the mortgage to the government. A year later, the government will call the borrower and offer to reduce the mortgage to only $200,000 and refinance it at a 30-year fixed rate… allowing them to stay in the home.
If all these borrowers pay their new reduced mortgages, it is theoretically possible the government could recoup $350 billion of the $700 billion over the next 30 years.
What these Congressmen are too stupid to realize is… the millions of responsible Americans who are paying their mortgages on time… will realize they can get their mortgages cut in half too if they only stop paying. Therefore, the $700 billion in bad mortgages will quickly multiply to as much as $3 trillion.
At this point… everybody will rush to max out their credit cards and not pay any of that money back… which will add another $1 trillion. Of course, nobody will pay back their student loans either.
So while the intention of this bailout was to get credit flowing again, it will have the complete opposite effect… and destroy what is left of the credit market.
The dow dropping another 600 points today is a painful reminder that Ron Paul was in fact correct about the consequences of our monetary policy.
Tags: bailout, Bernanke, economics, Lebed, Paulson, politics, Ron Paul
