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Ron Paul's 'Audit the Fed' bill was just approved by the House of 'Representatives'. Ron Paul's 'Audit the Fed' bill was just approved by the House of 'Representatives'.
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Old 07-25-2012, 12:58 PM   #1
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Ron Paul's 'Audit the Fed' bill was just approved by the House of 'Representatives'.


http://content.usatoday.com/communit...eral-reserve/1

A good step forward. Fingers crossed.
Last edited by DWB; 07-25-2012 at 12:59 PM..
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Old 07-25-2012, 01:01 PM   #2
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I'm not a fan of the Fed by ANY means, but how does "biting the hand that feeds you" work again?

Our currency is backed by nothing. It is just paper and ink.

Once it is revealed that no one is behind the curtain, what exactly happens to the house of cards?

Also, who exactly, will be in charge of the "auditing" ?

Just curious....
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Old 07-25-2012, 01:02 PM   #3
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"I think the whole idea that they can deal in trillions of dollars and know that nobody is allowed to ask them a question is a moral hazard. And this removes that moral hazard."
The Senate will not take it up.
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Old 07-25-2012, 01:03 PM   #4
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https://youtube.com/watch?v=ZPWH5TlbloU
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Old 07-25-2012, 01:26 PM   #5
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Just out of curiosity, and semi-unrelated, how many Ron Paul bills have passed in his 23 years in congress?




















Hint: This is only his second.... ever.

Can you say "term limits" ?
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Old 07-25-2012, 01:42 PM   #6
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Ron Paul actually accomplished something other than pork barrel spending?

Wow. Good for him I guess
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Old 07-25-2012, 01:45 PM   #7
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Ron Paul actually accomplished something other than pork barrel spending?

Wow. Good for him I guess
You are clueless.
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Old 07-25-2012, 01:47 PM   #8
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lets see how this develops...
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Old 07-25-2012, 01:48 PM   #9
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Long overdue, can't wait to see what kind of fraud they find in there.

Oh and then we can nail all the employees, including the janitors to a cross for participating in scams and fraud!
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Old 07-25-2012, 01:57 PM   #10
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You are clueless.
Ron Paul is useless
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Old 07-25-2012, 02:03 PM   #11
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Once it is revealed that no one is behind the curtain, what exactly happens to the house of cards?
It comes tumbling down... Hopefully. Got my fingers crossed I'll get to live out my mad max style fantasies. heh
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Old 07-25-2012, 02:06 PM   #12
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Harry Reid has already said he won't bring the bill up on the Senate floor.
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Old 07-25-2012, 02:10 PM   #13
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Originally Posted by BFT3K View Post
I'm not a fan of the Fed by ANY means, but how does "biting the hand that feeds you" work again?

Our currency is backed by nothing. It is just paper and ink.

Once it is revealed that no one is behind the curtain, what exactly happens to the house of cards?

Also, who exactly, will be in charge of the "auditing" ?

Just curious....
Everyone that's interested in this subjects knows it's just a piece of paper. The government can just print it's own money, they dont need to be in debt to the Fed.
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Old 07-25-2012, 02:39 PM   #14
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Once it is revealed that no one is behind the curtain, what exactly happens to the house of cards?
The malinvestments that are a result of fed's policies will become impossible to hide
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Old 07-25-2012, 02:44 PM   #15
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Everyone that's interested in this subjects knows it's just a piece of paper. The government can just print it's own money, they don't need to be in debt to the Fed.
True, but third party currency manipulation is somehow easier for people to accept... for some reason.

And (you knew this was coming) who runs the Fed, again?

The Turks?... nope, not the Turks....

Every Fed chairman money-lender seems to have something in common, but what is it... I just can't remember...
Last edited by BFT3K; 07-25-2012 at 02:46 PM..
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Old 07-25-2012, 02:58 PM   #16
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Reminds me of the Bush trillion dollars bailout plan in 2008.

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Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.
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Ron Paul's 'Audit the Fed' bill was just approved by the House of 'Representatives'. Ron Paul's 'Audit the Fed' bill was just approved by the House of 'Representatives'.
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