Ron Paul?s Bill To Audit The Federal Reserve Now Has 250 Co-Sponsors- PLEASE HELP!!
 

Fellow GFY'ers, please take the time to read this and support the bill by calling your congress representatives. If you wanna get out of this recession and back to making a lot of green backs.. It all starts with them auditing the Fed and halting this inflationary monetary policy.. We need transparency.. If not we are destine for much harder times to come.

Porn is Recession Proof, Not Depression Proof!!!

http://www.ronpaul.com/2009-07-08/ro...0-co-sponsors/

Democrats in the Senate are already blocking it. More of the same. Doesnt matter who is in office the fed runs the country.

Dr. Paul for President 2012!

Thats why we need the house bill to goto a vote.. the senate democrats dont want it to goto a vote cause it will mean the end of the scams..

Great bill to support. I shudder to think about all the inflation that's coming...

The owners of the Federal Reserve would burn this entire country to the ground before they ever let any of us take a peek at their personal finances.

You can take that to the fucking bank.

Ron Paul should spend his time trying to get shit done that is actually within the realm of possibility.

ron paul rocks

yup gotta agree.. sad but true :disgust

:2 cents::2 cents:

If the Federal Reserve was audited and the results made public,
America would have a currency at immediate parity with the yen.

isn't is just about ready to be at parity with the yen as it is?

Until we own our own money, we don't have a chance in hell of things getting any better and controlling our own future

Bump for HR 1207 .. :thumbsup

Probably true but I'd rather see a market correction than more of this BS so that at least by the time my kids have children we will have recovered.

Brad

You and I have been on the same page regarding inflation since this whole mess started. They are walking a fine line as it is and I fear hyper-inflation is not too far around the corner.

I totally agree with that.

It would cause some pain but the correction would be best for the long run.

bump for more help

If there is nothing to hide and everything is on the up and up nothing should happen when the audit happens.

But with that said Big Ben has already said if the Fed gets audited then it could crash the dollars. So why should any country have any faith in the USD if that is true?

They wouldn't and thats why China, Russia and now India are calling for a new world reserve currency.. Its a big charade..

We need an internal audit of Fed and let the non corrupt politicians like Ron Paul oversee it so the gov't can start making some more sound decisions on how to get us out of this crisis.

My hunch is Obama and his henchmen don't want this and will block any attempt at trying to figure a way out so they can instill fear to get there agenda pushed through. There gonna start pushing a second stimulus.. when the first one did nothing and nobody knows where the money went..

Less than 10% of the stimulus package has been spent at this point in time so the bulk of the stimulus is still intact. The only people that I am aware of that are even talking about a second stimulus package are the Republicans and the media...especially Fox News. Apparently one of the Presidents advisors stated that the stimulus package could turn out to be to small but no one will know this until the remaining 700 plus billion dollars is spent.

In addition the Feds know where the money that has been dispersed so far has gone to...it is some of the states that have received money that cannot or will not account for the money that they received.

I would love love love to see this happen but Dems will fight to the death on this...

Bump

Revolution!!

Wait so they passed this several months ago and havent given out 90% of the money but keep saying the economy is worse then they expected.. lol

O and they really know where the money is?? Why then are so many congressmen saying they don't know where any of the money went.. and calling for a audit??

Get your facts straight.. Today's headlines..
House Majority Leader open to second stimulus bill
http://politicalticker.blogs.cnn.com...stimulus-bill/

It is a fact that only 60-70 billion dollars has been dispersed. Thus far the Feds will not disperse money without open bids for various projects (this is a good thing) and sometimes this takes months or even years to negotiate. For the most part it is Republican congressmen saying they do not know where the money went...but there is some legitimate concern among congressman as some of the states either cannot or will not account for the money they have received and there should of course be an accounting.

BTW...being open to something and calling for something are two seperate things.

How do you know this is fact? There are no financial reports , stimulus updates.. or accountability by the fed or treasury... The package passed without a single GOP vote in the house.. Bi partisan?

U believe this cause some politician says it hasn't been spent or Benny says so.? The Fed chairmen has refused on several occasions to disclose information to congress..

Im just saying.. it smells very fishy.. Its not like anything we discuss here matters except if we urge our useless congressmen to support this bill..

Stop arguing with theking, he is a fake nick that only debates politics.

He said, "he would consider supporting a second economic stimulus bill, but said people need to give the package that passed in February more time to work."

"No legislation has been put forward so far."


Congressmen calling for an audit means nothing... Texas Congressmen are calling for Texas to succeed too, and that's about the stupidest f'in thing going on in our Country, and it's lead by moron Congressmen.


Do you know what would happen if this audit happened? The world would no longer use the dollar, its value would be less than nothing - over night. Your house would drop 1000x in value while the cost of milk would increase skyrocket because oil would be $1000 per barrel to us. The value of gold... would drop.

The Bailout Obama did hasn't reached peoples hands, and as long as the Gov has the money, the value doesn't drop. The money is also one dept to replace another dept, so the Gov more or less buys up the dept of the state. "Money" that is already on the books, in the system, but not in the peoples hands - which doesn't matter because the money - should, be in the peoples hands.

Kings in history would rob/pillage and steal all the peoples gold and other countries. As he stored the gold and dished it out in a bailout, the value of gold would skyrocket. As war started the gold went out to fund the war, meaning it went into peoples hands, and the value of the gold drops.


Now don't get me wrong... I support this audit... But we should correct some other serious problems first, like reverse trade dept that will always keep us in the negative. So when this audit happens, it doesn't crush every aspect of our Country all at once.

I Agree somewhat with TheDoc.. but the stimulus will not change anything.. spent or not spent.. We are still in the middle of a crash and its likely to get far worse before it gets better if the gov't doesn't do the right thing and deleverage debt worldwide. It the only thing that makes sense.. Its being proposed by Nassim Taleb the author of the BlackSwan. He has been right so far so with his predictions and his hedge fund did very well in 2008.

Watch him discuss this: http://video.aol.com/video-detail/sq...nomy/493834694

I also didnt say we need to make the audit public right away, we just need the fed to be honest and not print extra money because they want to

NONE of the politicians will allow it to go to a vote. They DONT want it to. They will ALL lose a ton of money.

never.. i repeat.... NEVER going to happen.

We for sure didn't need a stimulus plan... an "unscrew your state plan' and we will give you money, would have worked far better. :)


His theory on changing dept to equity is rather unique. States could do this really easy. but that would give the Gov direct ownership of the state... That would be bad a thing.

But having a helping hand for Corps, which are already in a Gov Vice... it may work.

More so than anything, the stimulus packages are going to cause hyper-inflation. And the reason this is such a hard thing to crack and get enough support both in the Senate and the House is because the Federal Government loves the blank check spending the Fed affords them. That goes without question.

I really do hope for an Audit, I do hope for transparency, and eventually I hope for the Fed to be stripped of it's power. I have contacted my House Reps, I have contacted my Senators, I have called them, bothered them, etc. So I'm happy to see more support coming behind this bill. :)

Hyper inflation has already happened.. Our entire country is ultra inflated. Gas is super inflated. The national dept is fake inflated. The houses we pay $500k for, really are only worth $100k. Everything we buy can be purchased in another country, for at least half the price, if not 100% or more cheaper.

You can't have hyper inflation when the countries 'need' to sell the goods or have 'zero' money because we aren't buying.. They inflated the price, we inflated the price, the store inflated the price... everyone is trying to get rich off the same product on the same scale.

It can't hold.. and inflation isn't the direction it would take.

I'm talking about Zimbabwe-Hyper-Inflation :P Of course we are already super inflated.

When you look at the pictures of Zimbabwe you see children walking down the street with 100k or 100m dollars or whatever, in hand. We aren't anywhere, at any level, at a point like they are.

That money Obama printed... isn't in mine and your hands. All Obama did was "extend the credit" of all Americans, extended credit doesn't hurt anyone. It's not real, our trade deficit isn't really a deficit either, it just is on paper because some man said so. That amount of extra b.s. didn't get printed and was never put into the economy of the world, other than on paper.

We are in the rapid inflation, we have been for a long time. At this point, if you take the value of the dollar out.

The killer reality of this is going to be.. everything we have ever purchased, house, cars, stock, money... is going to be worth more than the trash it ends up as.

Example... You pay $1000 for a computer here, the same computer in Canada costs half. Is your computer, or tv, everything electronic really worth double what Canada's is?


What Obama has done, in my opionion. Is help 'extend' this out so our Eco has a chance to actually balance or calm down.. which is what needs to happen. I "THINK" he is trying to set our Money value back to the 'people' and get it off the Stock Market Value.

That's a huge change that our Country needs.... it's going to hurt either way, but this way it happens very slowly.. so we don't feel the crush so bad AND it means it will go up and down, so people can make shit loads of money.....

My opionion.. I'm no expert..

What I'm trying to get at is, under Robert Mugabe, Zimbabwe tried to "spend" their way out of debt in the country by printing tirllions from their central bank. Now, I understand that Zimbabwe's GDP isn't even close to what the US is, but then again, half of the US GDP is consumer spending, as we know. I'm not saying we will be as bad off as Zimbabwe, but I'm saying we are going the wrong direction by trying to spend our way out of this mess. :( :2 cents: I'm no expert either.

Also, if you look at the Depression-that-never was in the early 1920's was completely averted by not spending and just allowing the Free Market to work. We would have had the Great Depression in 1920 if we had done otherwise. Of course 1930, totally different story. But what history shows is, not intervening like we are doing, actually helped us more than hindered us.