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-   -   Ron Paul's 'Audit the Fed' bill was just approved by the House of 'Representatives'. (https://gfy.com/showthread.php?t=1075880)

DWB 07-25-2012 12:58 PM

Ron Paul's 'Audit the Fed' bill was just approved by the House of 'Representatives'.
 
:thumbsup

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

A good step forward. Fingers crossed.

BFT3K 07-25-2012 01:01 PM

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....

GetSCORECash 07-25-2012 01:02 PM

Quote:

"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.

BFT3K 07-25-2012 01:03 PM



https://youtube.com/watch?v=ZPWH5TlbloU

BFT3K 07-25-2012 01:26 PM

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" ?

Coup 07-25-2012 01:42 PM

Ron Paul actually accomplished something other than pork barrel spending?

Wow. Good for him I guess

topsiteking 07-25-2012 01:45 PM

Quote:

Originally Posted by Coup (Post 19080278)
Ron Paul actually accomplished something other than pork barrel spending?

Wow. Good for him I guess

You are clueless.
:disgust

Deej 07-25-2012 01:47 PM

lets see how this develops...

D Ghost 07-25-2012 01:48 PM

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!

Coup 07-25-2012 01:57 PM

Quote:

Originally Posted by topsiteking (Post 19080284)
You are clueless.
:disgust

Ron Paul is useless

Coup 07-25-2012 02:03 PM

Quote:

Originally Posted by BFT3K (Post 19080171)

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

Axeman 07-25-2012 02:06 PM

Harry Reid has already said he won't bring the bill up on the Senate floor.

Emil 07-25-2012 02:10 PM

Quote:

Originally Posted by BFT3K (Post 19080171)
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.

u-Bob 07-25-2012 02:39 PM

Quote:

Originally Posted by BFT3K (Post 19080171)
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 :winkwink:

BFT3K 07-25-2012 02:44 PM

Quote:

Originally Posted by Emil (Post 19080346)
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...

Brujah 07-25-2012 02:58 PM

Reminds me of the Bush trillion dollars bailout plan in 2008.

Quote:

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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