Audit of Federal Reserve - co-sponsors now total 179 !

[Vortex]

Ok !

Source link
H.R. 1207, the Federal Reserve Transparency Act of 2009 (google for H.R. 1027)
On May 05, 2009 there were 124 co-sponsors and as of May 25, 2009 there are 179 co-sponsors.
For reference the total number of voting representatives is 435.

The bills author (guess who):
"Audit the Fed, Then End It!"
"The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements. Why should a government – established agency, whose police force has federal law enforcement powers, and whose notes have legal tender status in this country, be allowed to enter into agreements with foreign powers and foreign banking institutions with no oversight?"

The bill calls for the comptroller general of the United States to audit the private Federal Reserve and report to Congress before the end of 2010.

The question becomes: Can the world wait until the "end of 2010"?

Randy

[Pamela Vicik-Smith]

This is interesting Randy.

Have you read that Federal Reserve notes may be replaced with Treasury notes? According to information I have been reading, the banks already have the Treasury notes in posession and are just waiting for the word to make the switch. At which point, the notes will be backed by precious metals (silver, gold, platinum).

[Vortex]

New Ball Game

This is interesting Randy.

Have you read that Federal Reserve notes may be replaced with Treasury notes? According to information I have been reading, the banks already have the Treasury notes in posession and are just waiting for the word to make the switch. At which point, the notes will be backed by precious metals (silver, gold, platinum).

Yes, I see that since you brought it up.
In this 25 min speech in Houston, Ron Pual mentions those Treasury Notes saying
they are just like Federal Reserve Notes .. in that they are only just paper
and really cheap to MAKE.
(Ron does not say anything about them being backed by anything, more thin air?)

Story posted February 21, 2009
Video End the Fed speech in Houston.

I've heard that the Federal Reserve has been secretly purchasing just about
every corporation in the USA. Those assets should be given back to the
people, shares with dividends .. I think could handle that burden ..
I don't care who claims to own the corporations now. The money was stolen
and the assets purchased are ours.

WND recently reported that under the fiscal policies of the Fed,
the total obligations of the United States have reached $65.5 trillion
– exceeding the gross domestic product of the world.

This $65.5 trillion was used to purchase the USA corporations and it belongs to us the people.


Just Smoke and Mirrors. If the lips are moving it's a lie .. if lips are not moving it's still a lie.

How do we handle this $65.5 trillion? You don't. It's called bankruptcy.
End of central bank ball-game.
The world creates a different game.
New Rules,.
New game.
Clean slate.
No score.
Play ball.


Source link
HR 1207 Co-Sponsors (as of 5/22/2009)

Rep Abercrombie, Neil [HI-1] - 2/26/2009
Rep Aderholt, Robert B. [AL-4] - 5/6/2009
Rep Adler, John H. [NJ-3] - 5/6/2009
Rep Akin, W. Todd [MO-2] - 3/19/2009
Rep Alexander, Rodney [LA-5] - 3/10/2009
Rep Altmire, Jason [PA-4] - 5/20/2009
Rep Austria, Steve [OH-7] - 5/6/2009
Rep Bachmann, Michele [MN-6] - 2/26/2009
Rep Bachus, Spencer [AL-6] - 4/29/2009
Rep Baldwin, Tammy [WI-2] - 4/21/2009
Rep Barrett, J. Gresham [SC-3] - 4/28/2009
Rep Barrow, John [GA-12] - 5/12/2009
Rep Bartlett, Roscoe G. [MD-6] - 2/26/2009
Rep Barton, Joe [TX-6] - 5/4/2009
Rep Berkley, Shelley [NV-1] - 5/21/2009
Rep Berry, Marion [AR-1] - 5/20/2009
Rep Biggert, Judy [IL-13] - 4/28/2009
Rep Bilbray, Brian P. [CA-50] - 4/21/2009
Rep Bilirakis, Gus M. [FL-9] - 5/4/2009
Rep Bishop, Rob [UT-1] - 4/21/2009
Rep Blackburn, Marsha [TN-7] - 3/16/2009
Rep Blunt, Roy [MO-7] - 3/24/2009
Rep Bono Mack, Mary [CA-45] - 4/29/2009
Rep Boozman, John [AR-3] - 5/7/2009
Rep Boustany, Charles W., Jr. [LA-7] - 5/13/2009
Rep Brady, Kevin [TX-8] - 4/22/2009
Rep Broun, Paul C. [GA-10] - 2/26/2009
Rep Brown, Henry E., Jr. [SC-1] - 4/28/2009
Rep Brown-Waite, Ginny [FL-5] - 5/20/2009
Rep Buchanan, Vern [FL-13] - 3/17/2009
Rep Burgess, Michael C. [TX-26] - 3/19/2009
Rep Burton, Dan [IN-5] - 2/26/2009
Rep Buyer, Steve [IN-4] - 4/30/2009
Rep Calvert, Ken [CA-44] - 4/29/2009
Rep Campbell, John [CA-48] - 5/4/2009
Rep Capito, Shelley Moore [WV-2] - 4/1/2009
Rep Carter, John R. [TX-31] - 3/31/2009
Rep Cassidy, Bill [LA-6] - 5/4/2009
Rep Castle, Michael N. [DE] - 3/17/2009
Rep Chaffetz, Jason [UT-3] - 3/6/2009
Rep Cole, Tom [OK-4] - 4/21/2009
Rep Conaway, K. Michael [TX-11] - 5/7/2009
Rep Crenshaw, Ander [FL-4] - 5/4/2009
Rep Culberson, John Abney [TX-7] - 3/26/2009
Rep Davis, Geoff [KY-4] - 5/6/2009
Rep Deal, Nathan [GA-9] - 3/23/2009
Rep DeFazio, Peter A. [OR-4] - 3/9/2009
Rep Dent, Charles W. [PA-15] - 5/6/2009
Rep Doggett, Lloyd [TX-25] - 4/21/2009
Rep Duncan, John J., Jr. [TN-2] - 3/6/2009
Rep Ehlers, Vernon J. [MI-3] - 4/21/2009
Rep Fallin, Mary [OK-5] - 4/2/2009
Rep Flake, Jeff [AZ-6] - 5/11/2009
Rep Fleming, John [LA-4] - 3/18/2009
Rep Forbes, J. Randy [VA-4] - 5/20/2009
Rep Fortenberry, Jeff [NE-1] - 5/12/2009
Rep Foxx, Virginia [NC-5] - 3/10/2009
Rep Franks, Trent [AZ-2] - 3/23/2009
Rep Garrett, Scott [NJ-5] - 3/5/2009
Rep Gerlach, Jim [PA-6] - 5/11/2009
Rep Gingrey, Phil [GA-11] - 3/30/2009
Rep Gohmert, Louie [TX-1] - 4/23/2009
Rep Goodlatte, Bob [VA-6] - 4/28/2009
Rep Granger, Kay [TX-12] - 4/28/2009
Rep Graves, Sam [MO-6] - 4/22/2009
Rep Grayson, Alan [FL-8] - 3/11/2009
Rep Guthrie, Brett [KY-2] - 5/7/2009
Rep Hall, Ralph M. [TX-4] - 4/29/2009
Rep Hare, Phil [IL-17] - 5/11/2009
Rep Harper, Gregg [MS-3] - 5/11/2009
Rep Hastings, Doc [WA-4] - 5/11/2009
Rep Heller, Dean [NV-2] - 3/6/2009
Rep Hensarling, Jeb [TX-5] - 5/4/2009
Rep Herger, Wally [CA-2] - 4/21/2009
Rep Herseth Sandlin, Stephanie [SD] - 5/6/2009
Rep Hoekstra, Peter [MI-2] - 4/28/2009
Rep Hunter, Duncan D. [CA-52] - 5/13/2009
Rep Inglis, Bob [SC-4] - 4/23/2009
Rep Inslee, Jay [WA-1] - 5/12/2009
Rep Jenkins, Lynn [KS-2] - 4/23/2009
Rep Johnson, Sam [TX-3] - 4/22/2009
Rep Johnson, Timothy V. [IL-15] - 4/23/2009
Rep Jones, Walter B., Jr. [NC-3] - 2/26/2009
Rep Kagen, Steve [WI-8] - 2/26/2009
Rep Kaptur, Marcy [OH-9] - 4/23/2009
Rep Kingston, Jack [GA-1] - 3/6/2009
Rep Kline, John [MN-2] - 4/29/2009
Rep Lamborn, Doug [CO-5] - 4/21/2009
Rep Lance, Leonard [NJ-7] - 5/11/2009
Rep Latham, Tom [IA-4] - 4/21/2009
Rep LaTourette, Steven C. [OH-14] - 4/28/2009
Rep Latta, Robert E. [OH-5] - 5/20/2009
Rep Linder, John [GA-7] - 5/6/2009
Rep LoBiondo, Frank A. [NJ-2] - 5/4/2009
Rep Lucas, Frank D. [OK-3] - 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] - 4/21/2009
Rep Lummis, Cynthia M. [WY] - 3/19/2009
Rep Lungren, Daniel E. [CA-3] - 5/7/2009
Rep Mack, Connie [FL-14] - 5/12/2009
Rep Maffei, Daniel B. [NY-25] - 5/12/2009
Rep Manzullo, Donald A. [IL-16] - 4/21/2009
Rep Marchant, Kenny [TX-24] - 3/11/2009
Rep Massa, Eric J. J. [NY-29] - 4/22/2009
Rep McCarthy, Kevin [CA-22] - 5/4/2009
Rep McCaul, Michael T. [TX-10] - 4/21/2009
Rep McClintock, Tom [CA-4] - 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] - 3/19/2009
Rep McDermott, Jim [WA-7] - 4/29/2009
Rep McHenry, Patrick T. [NC-10] - 4/30/2009
Rep McHugh, John M. [NY-23] - 5/4/2009
Rep McMorris Rodgers, Cathy [WA-5] - 5/4/2009
Rep Mica, John L. [FL-7] - 5/12/2009
Rep Michaud, Michael H. [ME-2] - 5/7/2009
Rep Miller, Candice S. [MI-10] - 4/28/2009
Rep Miller, Jeff [FL-1] - 3/24/2009
Rep Minnick, Walter [ID-1] - 5/13/2009
Rep Moran, Jerry [KS-1] - 5/4/2009
Rep Murphy, Tim [PA-18] - 4/29/2009
Rep Myrick, Sue Wilkins [NC-9] - 4/28/2009
Rep Neugebauer, Randy [TX-19] - 4/30/2009
Rep Olson, Pete [TX-22] - 4/21/2009
Rep Ortiz, Solomon P. [TX-27] - 5/14/2009
Rep Pastor, Ed [AZ-4] - 5/20/2009
Rep Paulsen, Erik [MN-3] - 3/30/2009
Rep Pence, Mike [IN-6] - 4/21/2009
Rep Perriello, Thomas S.P. [VA-5] - 5/13/2009
Rep Peterson, Collin C. [MN-7] - 3/19/2009
Rep Petri, Thomas E. [WI-6] - 3/10/2009
Rep Pitts, Joseph R. [PA-16] - 4/28/2009
Rep Platts, Todd Russell [PA-19] - 3/19/2009
Rep Poe, Ted [TX-2] - 2/26/2009
Rep Posey, Bill [FL-15] - 2/26/2009
Rep Price, Tom [GA-6] - 3/10/2009
Rep Putnam, Adam H. [FL-12] - 4/28/2009
Rep Radanovich, George [CA-19] - 5/6/2009
Rep Rehberg, Denny [MT] - 2/26/2009
Rep Reichert, David G. [WA-8] - 5/20/2009
Rep Roe, David P. [TN-1] - 4/21/2009
Rep Rogers, Mike D. [AL-3] - 5/13/2009
Rep Rogers, Mike J. [MI-8] - 5/20/2009
Rep Rohrabacher, Dana [CA-46] - 3/6/2009
Rep Rooney, Thomas J. [FL-16] - 4/22/2009
Rep Ros-Lehtinen, Ileana [FL-18] - 4/28/2009
Rep Ross, Mike [AR-4] - 5/21/2009
Rep Royce, Edward R. [CA-40] - 5/12/2009
Rep Ryan, Paul [WI-1] - 5/14/2009
Rep Scalise, Steve [LA-1] - 5/20/2009
Rep Schakowsky, Janice D. [IL-9] - 5/6/2009
Rep Schauer, Mark H. [MI-7] - 5/20/2009
Rep Schock, Aaron [IL-18] - 5/6/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] - 5/7/2009
Rep Sessions, Pete [TX-32] - 3/23/2009
Rep Shadegg, John B. [AZ-3] - 5/7/2009
Rep Shimkus, John [IL-19] - 4/22/2009
Rep Shuster, Bill [PA-9] - 5/7/2009
Rep Simpson, Michael K. [ID-2] - 4/28/2009
Rep Smith, Adam [WA-9] - 4/22/2009
Rep Smith, Adrian [NE-3] - 4/28/2009
Rep Smith, Lamar [TX-21] - 4/2/2009
Rep Stark, Fortney Pete [CA-13] - 3/26/2009
Rep Stearns, Cliff [FL-6] - 3/6/2009
Rep Taylor, Gene [MS-4] - 3/6/2009
Rep Terry, Lee [NE-2] - 3/30/2009
Rep Thompson, Glenn [PA-5] - 4/22/2009
Rep Thornberry, Mac [TX-13] - 5/21/2009
Rep Tiahrt, Todd [KS-4] - 4/28/2009
Rep Tiberi, Patrick J. [OH-12] - 4/28/2009
Rep Turner, Michael R. [OH-3] - 5/13/2009
Rep Upton, Fred [MI-6] - 4/29/2009
Rep Walden, Greg [OR-2] - 5/4/2009
Rep Walz, Timothy J. [MN-1] - 5/7/2009
Rep Wamp, Zach [TN-3] - 3/16/2009
Rep Welch, Peter [VT] - 5/21/2009
Rep Westmoreland, Lynn A. [GA-3] - 4/2/2009
Rep Whitfield, Ed [KY-1] - 5/14/2009
Rep Wilson, Joe [SC-2] - 4/29/2009
Rep Wittman, Robert J. [VA-1] - 4/1/2009
Rep Woolsey, Lynn C. [CA-6] - 2/26/2009
Rep Young, Don [AK] - 3/6/2009

Note: HR 1207’s identical companion bill in the Senate is known as S604, the Federal Reserve Sunshine Act, sponsored by Sen. Bernie Sanders. If you contact your Senators, ask them to support S604. At this time S604 doesn’t have any co-sponsors.

[wpage]

Das Capital

Sounds like capitalism at its finest!

[Vortex]

Cosponsors are at 190 now. .. this should be increasing faster than it is.
That's around 43% of the voting representatives ..

Has there ever been a bill with this many cosponsors before?

The bill has been: "Referred to Committee" see View Committee Assignments

[Vortex]

Update

Cosponsors are at 190 now. .. this should be increasing faster than it is.
That's around 43% of the voting representatives ..

Has there ever been a bill with this many cosponsors before?

The bill has been: "Referred to Committee" see View Committee Assignments

Status: 241 of 435 representatives have become cosponsors of this bill.
That's 55.4% of the representatives ...

The link below explains how this bill could never go to the floor for a vote
if it never gets out of the "Committee" that is reviewing it.
The link also lists the names of the 71 people in that
House Committee on Financial Services
32 of the 71 members in the Committee have not become a cosponsor.
More than 1/2 of the members a cosponsor. I don't know what the ratio
of yeas/nays has to be to get it out of Committee.

audit-the-federal-reserve-hr-1207


It's moving, just not fast enough ..

[Mad Scientist]

This is my take on what is going on. The Federal Reserve Bank has got to go.

It is my belief that major portion of our money problems can be laid in the lap of the FRB. Although this is not to say that our politicians of both parties through some of their “enlightened” legislation haven’t contributed greatly to the problem.

The reason the FRB was created, we were told, was to control inflation and the ups and downs of the business cycles. It has obviously failed miserably on both accounts. Since its creation the dollar has lost over 90% of its purchasing power. I don’t think anyone would call this controlling inflation.

So what is going on? Why do we even need the FED? Why do we have it in the first place? The constitution gives the government the sole right to “coin” our money. So why did our illustrious congress turn this right over to a private bank. (Actually a group of banks, some of which are not even American owned.) The reason is actually quite simple, the bankers wanted take control of the country and they did this by taking control of our money. All that they needed to do was buy up enough politicians who it turn passed the FRB act. This put them in control of our money and not congress. This meant that whenever the government needed money it would now barrow it from these banks, and of course pay interest on the loaned money, rather then print it them self interest free. Such a deal, with politicians like this who needs enemies?

But that was not enough, they then lobbied for and got the gold standard removed as his was too restraining on their ability to control our money. Which is precisely why one would want something like the gold standard. So now that the government was borrowing money rather then printing it, it now needed a source of income to pay back the loans plus the interest charged. Thus we have the real reason that the income tax was instated.

Note when you pay our taxes you make the check out the FRB not the federal government. However many people naturally assume that because the FRB has “federal” in its name it must be part of the government. That did not happen by accident. Again the reality here is that the FRB is no more part of the federal government then Federal Express is. They are both private companies.

But now with the FRB in control of our currency they could start playing games with credit. People were encouraged to buy on credit, banks were allowed to loan more money then they had in reserve. Of course you as a barrower still had to but up real collateral to get a non-money backed loan.

Isn’t this is a great system? Everyone is making money hand over fist, and the more loans that are made the better. The politicians were then lobbied to change the laws and make it even easier for anyone to get a loan, even if they were not qualified to pay it back. Then as planed when these high risk loans started to fail and thus this whole house of cards started to collapse little banks are bought by big banks which turn are bought out by bigger banks with most of it being done for pennies on the dollar. While much of these assets were now worthless still along with them came the very real collateral that people had put up. This allowed the transfer/confiscation of large amounts of real wealth and property into a handful of very influential individuals.

This is what was done during the great depression as a means to transfer wealth from the great unwashed peons of the country to the hands of few elite who were obviously much better able to appreciate its value.

When Bemanke first took office he confirmed that the FRB was the cause of the great depression. But that he promised not to let it happen again. Yah right. It can now be argued that that the FED is diligently working to create a second one. I guess that the real “powers that be” have decided that it is again time to fleece the sheeple.

So is it not time that we demand that our government take back control of our money supply from the FED? The FED is not the answer to our problems it is the problem. If they have not already tell your representative to support HR1207 and audit the FED.

[Joit]

YouTube - Bernanke warns that meddling with Fed's monetary policy cause harm economy

It does not sounds like at all, that the FED is happy about, to cooperate with someone. More like, Keep your Hands off from my Matters.

[aljhoa]

H.r. 645

YouTube - Bernanke warns that meddling with Fed's monetary policy cause harm economy

It does not sounds like at all, that the FED is happy about, to cooperate with someone. More like, Keep your Hands off from my Matters.

Research "H.R. 645:National Emergency Centers Establishment Act"
H.R. 645: National Emergency Centers Establishment Act (GovTrack.us)
it is still in the hands of
H.R. 645 - Committee Assignments: National Emergency Centers Establishment Act (GovTrack.us)
Al

[aljhoa]

Time And Time Again History Repeats Itself

This is interesting Randy.

Have you read that Federal Reserve notes may be replaced with Treasury notes? According to information I have been reading, the banks already have the Treasury notes in posession and are just waiting for the word to make the switch. At which point, the notes will be backed by precious metals (silver, gold, platinum).

"Time and time again we can draw parallels from what is happening today, to historical examples of the past. "
see:
History Repeats Itself
Al

[Ingram]

This is my take on what is going on. The Federal Reserve Bank has got to go.

It is my belief that major portion of our money problems can be laid in the lap of the FRB. Although this is not to say that our politicians of both parties through some of their “enlightened” legislation haven’t contributed greatly to the problem.

The reason the FRB was created, we were told, was to control inflation and the ups and downs of the business cycles. It has obviously failed miserably on both accounts. Since its creation the dollar has lost over 90% of its purchasing power. I don’t think anyone would call this controlling inflation.

So what is going on? Why do we even need the FED? Why do we have it in the first place? The constitution gives the government the sole right to “coin” our money. So why did our illustrious congress turn this right over to a private bank. (Actually a group of banks, some of which are not even American owned.) The reason is actually quite simple, the bankers wanted take control of the country and they did this by taking control of our money. All that they needed to do was buy up enough politicians who it turn passed the FRB act. This put them in control of our money and not congress. This meant that whenever the government needed money it would now barrow it from these banks, and of course pay interest on the loaned money, rather then print it them self interest free. Such a deal, with politicians like this who needs enemies?

But that was not enough, they then lobbied for and got the gold standard removed as his was too restraining on their ability to control our money. Which is precisely why one would want something like the gold standard. So now that the government was borrowing money rather then printing it, it now needed a source of income to pay back the loans plus the interest charged. Thus we have the real reason that the income tax was instated.

Note when you pay our taxes you make the check out the FRB not the federal government. However many people naturally assume that because the FRB has “federal” in its name it must be part of the government. That did not happen by accident. Again the reality here is that the FRB is no more part of the federal government then Federal Express is. They are both private companies.

But now with the FRB in control of our currency they could start playing games with credit. People were encouraged to buy on credit, banks were allowed to loan more money then they had in reserve. Of course you as a barrower still had to but up real collateral to get a non-money backed loan.

Isn’t this is a great system? Everyone is making money hand over fist, and the more loans that are made the better. The politicians were then lobbied to change the laws and make it even easier for anyone to get a loan, even if they were not qualified to pay it back. Then as planed when these high risk loans started to fail and thus this whole house of cards started to collapse little banks are bought by big banks which turn are bought out by bigger banks with most of it being done for pennies on the dollar. While much of these assets were now worthless still along with them came the very real collateral that people had put up. This allowed the transfer/confiscation of large amounts of real wealth and property into a handful of very influential individuals.

This is what was done during the great depression as a means to transfer wealth from the great unwashed peons of the country to the hands of few elite who were obviously much better able to appreciate its value.

When Bemanke first took office he confirmed that the FRB was the cause of the great depression. But that he promised not to let it happen again. Yah right. It can now be argued that that the FED is diligently working to create a second one. I guess that the real “powers that be” have decided that it is again time to fleece the sheeple.

So is it not time that we demand that our government take back control of our money supply from the FED? The FED is not the answer to our problems it is the problem. If they have not already tell your representative to support HR1207 and audit the FED.

Thanks for breaking that out Mad Scientist

[aljhoa]

Time and time again history repeats itself

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. Thomas Jefferson in 1802
Banking Institutions are More Dangerous to our Liberties than Standing Armies | California Tea Party
Al

[Vortex]

update

Audit the Fed as of 7/23/2009

HR 1207 has 276 Co-Sponsors in the House
S 604 has 17 Co-Sponsors in the Senate

Audit the Federal Reserve: HR 1207 and S 604 | Ron Paul .com

[rickoff]

Audit and Abolish FED is good start, but not enough.

Some good posts on this subject Randy, Mad Scientist, and others.
It's good to see this legislation being introduced. Still, the current proposals don't go far enough. The FED should not only be abolished, but should also be declared illegal and unconstitutional to begin with. And once so declared, all accrued interest obligations should be completely wiped out and the improperly obtained wealth of the Federal Reserve Banks, and associated individuals who have profited from these ill gotten gains, should be confiscated and used to pay down our national debt. If we simply end the FED, the robber barons get to walk away with their usurped wealth intact. These steps are justified, and if not taken will not be enough to save our nation from financial disaster. One look at our National Debt clock should be enough to startle anyone, but looking again tomorrow or a week from now at the increase in debt will be downright scary.

U.S. National Debt Clock

Borrowing massive amounts of money from the FED for government "economic stimulus" programs only compounds the debt problem, which has long since become unmanageable. It is akin to the foolishness of someone maxing out their credit card and continually paying only the "minimum payment" amount while the balance owed increases every month, and then looking for other credit lines to use in making the "minimum payments" while spending even more borrowed money that will be impossible to ever pay back.

Rick

[Vortex]

Some good posts on this subject Randy, Mad Scientist, and others.
It's good to see this legislation being introduced. Still, the current proposals don't go far enough. The FED should not only be abolished, but should also be declared illegal and unconstitutional to begin with. And once so declared, all accrued interest obligations should be completely wiped out and the improperly obtained wealth of the Federal Reserve Banks, and associated individuals who have profited from these ill gotten gains, should be confiscated and used to pay down our national debt. If we simply end the FED, the robber barons get to walk away with their usurped wealth intact. These steps are justified, and if not taken will not be enough to save our nation from financial disaster. One look at our National Debt clock should be enough to startle anyone, but looking again tomorrow or a week from now at the increase in debt will be downright scary.

U.S. National Debt Clock

Borrowing massive amounts of money from the FED for government "economic stimulus" programs only compounds the debt problem, which has long since become unmanageable. It is akin to the foolishness of someone maxing out their credit card and continually paying only the "minimum payment" amount while the balance owed increases every month, and then looking for other credit lines to use in making the "minimum payments" while spending even more borrowed money that will be impossible to ever pay back.

Rick

Following up with your economic slant and Ron Paul, I put forward
an interview with Ron Paul done Aug/1988 !!! and it is amazing
the contain spoken about.
I'm constantly asking myself how I could be so ignorant for so
long about everything.
ATS Video: Ron Paul - The American Power Elite: (1) Aug,1988
Did you know Ron Paul was the Libertarian Candidate for President in 1988?