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Audit the Fed
Tweet Topic Started: May 13 2009, 12:58 PM (503 Views)
hoosierinhogville May 13 2009, 12:58 PM Post #1
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Hey guys got this email from Campaign for Liberty yesterday evening. Thought i would post it here. It looks kinda long but it reads fast.

Oh, and here is the link to sign the petition.
Petition

May 12, 2009


Dear Friend of Liberty,

You and I both know the Federal Reserve is out of control.

And now, thanks to your efforts, more and more Americans understand this too.

But, now that we’ve started to get their attention, you and I must turn up the heat EVEN MORE.

That’s why it’s vital you submit your petition to House Speaker Nancy Pelosi right away. I'll link you to the petition in just a moment, but first I want you to understand how far we've come.

You see, when I last wrote you, Congressman Paul’s Audit the Fed bill (H.R. 1207) had just been introduced, and frankly, it wasn’t clear how fast you and I could make our fight against an out of control FED start moving forward.

But thanks to you and other friends of Liberty, we’re moving forward faster than I had ever imagined.

You see, as it stands right now, there are already nearly 150 cosponsors of Ron Paul’s AUDIT THE FED Bill -- and the companion Senate Bill (S. 604) has also been introduced.

In fact, hearings in the House could take place any day, as Chairman Frank of the Financial Services Committee has publicly promised to move the bill that far.

But after that, it will be up to you, me and the tidal wave of pressure we put on Congress. So you see, you and I have to TURN UP THE PRESSURE on Capitol Hill even more as our battle moves forward!

As we continue our fight, win or lose this year, you and I will finally be able to show the American people and Congress that the Federal Reserve System leads to:

*** Constant economic crises -- the housing crisis and the resulting chaos is just one example of an economic bubble created by centrally-planned interest rates and money manipulation;

*** The destruction of the middle class -- as fuel, food, housing, medical care and education costs soar, everyone who is NOT on the government dole is forced to make do with less as the value of their money slowly decreases;

*** Currency destruction -- history shows us that riots, violence and full-scale police states can result when people finally realize fiat money isn’t worth the paper it’s printed on and REFUSE to accept it.

That’s why you and I must do everything we can to ultimately END the Federal Reserve System.

The truth is -- if you and I don’t help lead this fight, our country could look much different in just a few years.

You see, just in the past several months, the Fed and US Treasury have put $12.8 TRILLION on the line in stimulus packages, bailouts, TARP programs and the rest of their taxpayer-crushing schemes.

That amount nearly equals the Gross Domestic Product for the ENTIRE US economy!

It seems like it just keeps piling up . . .

More taxes. More spending. More worthless money being printed at the expense of our children’s futures.

Of course, the dirty little secret in all this is that our “leaders” will have the Federal Reserve pay for it all with fiat money -- money printed right out of thin air.

Until?

Until the dollar completely collapses.

Or -- as Treasury Secretary Tim Geithner admitted recently to his buddies at the Council on Foreign Relations (CFR) – until we “evolve” into a global currency under the control of a global central bank.

Of course, there’s another option: To fight back against the global elites trying to destroy our economy.

To put an END to fiat money!

To expose the out of control FED!

You and I must take a wrecking ball to the very foundation of the international bankers’ and domestic ruling elites’ power source -- the Federal Reserve.

And we must start by fully exposing their schemes and making sure they see the light of day.

The truth is, in a free society, there is no excuse for ANY organization controlling our nation’s currency to maintain the kind of secrecy the Fed gets away with . . .

. . . and there’s no excuse for saying “it’s none of your business” when taxpayers demand to know where exactly those trillions the Fed spent ended up.

So let’s audit them.

It’s plain to see -- the American people are getting FED up.

Things are moving fast, and (dare I say it) Ron Paul’s AUDIT THE FED Bill actually has a chance of passing -- if you and I keep turning up the pressure on Congress.

And if we can FORCE Nancy Pelosi and the leadership in Congress to hold a vote, you and I will have a win/win situation on our hands no matter which way the vote goes.

Either the bill passes, or . . .

. . . well, can you imagine the political bloodbath at the ballot box in 2010 when you and I tell the American people their Congressman somehow lost trillions of taxpayer dollars and voted against even looking for the money?

Politicians of both parties need to be put on notice now – either take action to rein in an out of control FED, or face the wrath of angry Patriots.

So please agree to submit your petition urging House Speaker Nancy Pelosi to schedule debate and a roll call vote on Ron Paul’s AUDIT THE FED Bill!

Our battle has come a long way in just a few months, but there’s still more work to be done. Right now, Campaign for Liberty is busy getting millions of Americans to contact their Congressman and Senators to urge them to AUDIT THE FED.

But we need to expand our numbers and mobilize friends of Liberty from across America for this battle!

A year ago, could you have imagined that Ron Paul would have a firestorm of support for his bill to AUDIT THE FED?

Now, you and I MUST take advantage of this opportunity.


In Liberty,


John F. Tate
President
Edited by hoosierinhogville, May 13 2009, 12:58 PM.
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HoosierLars May 13 2009, 01:44 PM Post #2
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:wanker: This petition could make a real difference. :sarcasm:

As long as people are voting for Democrats and Bob Barr, we're fucked, plain and simple. We have a chance with fiscal conservatives like Guingrich and Paul. Out of control government spending is the problem, and it appears the majority is for it right now. We will need to feel more pain to have a good chance of turning the ship around in 2010.

2010 = 1994
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hoosierinhogville May 13 2009, 02:06 PM Post #3
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HoosierLars
May 13 2009, 01:44 PM
:wanker: This petition could make a real difference. :sarcasm:

As long as people are voting for Democrats and Bob Barr, we're fucked, plain and simple. We have a chance with fiscal conservatives like Guingrich and Paul. Out of control government spending is the problem, and it appears the majority is for it right now. We will need to feel more pain to have a good chance of turning the ship around in 2010.

2010 = 1994
i'm sorry how does someone voting for Bob Barr - the most fiscally conservative candidate in the general election - "fuck" us? Oh wait, i know, because voting for Barr takes a vote away from Mccain, and we all know that if it wasn't for that he would have won the election, and we all know that he is a model of fiscal conservatism. I mean the guy talks angrily about earmarks on CSPAN for godsakes. How can he not be a conservative. Could it be because he was stumping all over the hill in favor of a bailout before he lost the election, or maybe it was his proposal that the US government buy up bad mortgages, or maybe it was his cheerleading of the fact that his running mate passed a windfall porfits tax on on oil companies in alaska. See, he is the model of fiscal conservatism.

C'mon Lars stop acting like an idiot.
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HoosierLars May 13 2009, 02:08 PM Post #4
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hoosierinhogville
May 13 2009, 02:06 PM
HoosierLars
May 13 2009, 01:44 PM
:wanker: This petition could make a real difference. :sarcasm:

As long as people are voting for Democrats and Bob Barr, we're fucked, plain and simple. We have a chance with fiscal conservatives like Guingrich and Paul. Out of control government spending is the problem, and it appears the majority is for it right now. We will need to feel more pain to have a good chance of turning the ship around in 2010.

2010 = 1994
i'm sorry how does someone voting for Bob Barr - the most fiscally conservative candidate in the general election - "fuck" us? Oh wait, i know, because voting for Barr takes a vote away from Mccain, and we all know that if it wasn't for that he would have won the election, and we all know that he is a model of fiscal conservatism. I mean the guy talks angrily about earmarks on CSPAN for godsakes. How can he not be a conservative. Could it be because he was stumping all over the hill in favor of a bailout before he lost the election, or maybe it was his proposal that the US government buy up bad mortgages, or maybe it was his cheerleading of the fact that his running mate passed a windfall porfits tax on on oil companies in alaska. See, he is the model of fiscal conservatism.

C'mon Lars stop acting like an idiot.
At least I'm acting.
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hoosierinhogville May 13 2009, 02:14 PM Post #5
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May 13 2009, 01:44 PM
We have a chance with fiscal conservatives like Guingrich and Paul.
So you say this about Paul while criticizing the email. You do realize that the Campaign for Liberty is Paul's group right? And further that this bill is Paul's bill correct? So what's the problem.

Oh and FYI - don't assume that someone who votes for Bob Barr would vote for the Republican nominee if third party candidates weren't allowed. i would have abstained from voting before i voted for McCain.
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thePhilosopher May 13 2009, 02:15 PM Post #6
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If this audit would succeed, this would be a HUGE step forward for sound fiscal policy and show us the "man behind the curtain," so to speak: the Federal Reserve in its true form. Republicans AND Democrats generally don't want this, but we'll see given we're riding the wave of "transparency" set forth by the Obama administration. If that sort of transparency is genuine is doubtful, but at least we can use this to our advantage to get REAL reform on the entity that effects the ENTIRE world!

Thanks for posting the petition, Hog, I haven't seen it yet.
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hoosierinhogville May 13 2009, 02:17 PM Post #7
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May 13 2009, 02:08 PM
At least I'm acting.
As opposed to who that isn't?
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HoosierLars May 13 2009, 02:34 PM Post #8
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hoosierinhogville
May 13 2009, 02:17 PM
HoosierLars
May 13 2009, 02:08 PM
At least I'm acting.
As opposed to who that isn't?
Ummmm... nobody in particular. :D Sorry for the third grade response.

This petition makes as much sense as some left wing group pushing a petition to ban guns when Dems are in the minority. It's wasted effort that makes a few of the faithful feel good (see Phil's post above)

If you don't have the political clout to get things done, you're no more significant than a fart in the wind. Voting for 3rd party losers like Barr is more like pissing into the wind, because you're only hurting yourself.
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thePhilosopher May 13 2009, 02:51 PM Post #9
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So you think this would work when the Republicans are in power, Lars? Global empire comes at a cost, and its a lot easier to pay for it when you can print your own funny money. And why shouldn't we now turn to 3rd parties? Republicans have proven, time and again, that the VAST majority are incompetent and are not fiscally responsible. Isn't the definition of insanity repeating the same action over and over again while expecting a different result?

Try something new. That's the only way you'll find out whether or not it will work. Unless you enjoy being a slave to the Federal Reserve system. I sure don't.
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hoosierinhogville May 13 2009, 03:35 PM Post #10
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May 13 2009, 02:51 PM
So you think this would work when the Republicans are in power, Lars? Global empire comes at a cost, and its a lot easier to pay for it when you can print your own funny money. And why shouldn't we now turn to 3rd parties? Republicans have proven, time and again, that the VAST majority are incompetent and are not fiscally responsible. Isn't the definition of insanity repeating the same action over and over again while expecting a different result?

Try something new. That's the only way you'll find out whether or not it will work. Unless you enjoy being a slave to the Federal Reserve system. I sure don't.
Well said.

And further, how does it hurt me to vote 3rd party. To me voting for a 3rd party is a good thing. It serves notice to those in the Republican party who feel as if they are answerable to no one, those people who feel like they can pander to the conservative base without really being conservative. You know what i say to those people? Fuck you - I'm going to vote for a real conservative. Not just someone who says they are on Fox News.
Plus, as previously stated, it wasn't as if i had a viable fall back running under the republican banner.
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hoosierinhogville May 13 2009, 03:41 PM Post #11
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May 13 2009, 02:34 PM
hoosierinhogville
May 13 2009, 02:17 PM
HoosierLars
May 13 2009, 02:08 PM
At least I'm acting.
As opposed to who that isn't?
Ummmm... nobody in particular. :D Sorry for the third grade response.

This petition makes as much sense as some left wing group pushing a petition to ban guns when Dems are in the minority. It's wasted effort that makes a few of the faithful feel good (see Phil's post above)

If you don't have the political clout to get things done, you're no more significant than a fart in the wind.
I see where you are coming from Lars. I don't agree with you - but i see where you are coming from.
forget about all the talk about third parties and other such non-sense. I don't see how this bill is a bad thing, and as such, i don't see why you are being so negative about it. Isn't transparency a good thing? Do you really think that the Fed should be able to with complete autonomy and secrecy? Is it the bill you have a problem with, or the Campaign for Liberty?
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eelbor May 13 2009, 03:58 PM Post #12
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May 13 2009, 02:14 PM
Oh and FYI - don't assume that someone who votes for Bob Barr would vote for the Republican nominee if third party candidates weren't allowed. i would have abstained from voting before i voted for McCain.
I agree and I did abstain.
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"Liberal, shmiberal. That should be a new word. Shmiberal: one who is assumed liberal, just because he's a professional whiner in the newspaper. If you'll read the subtext for many of those old strips, you'll find the heart of an old-fashioned Libertarian. And I'd be a Libertarian, if they weren't all a bunch of tax-dodging professional whiners." - Berkeley Breathed


Meat is Murder. Sweet, delicious murder.
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HoosierLars May 13 2009, 06:17 PM Post #13
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hoosierinhogville
May 13 2009, 03:41 PM
HoosierLars
May 13 2009, 02:34 PM
hoosierinhogville
May 13 2009, 02:17 PM
HoosierLars
May 13 2009, 02:08 PM
At least I'm acting.
As opposed to who that isn't?
Ummmm... nobody in particular. :D Sorry for the third grade response.

This petition makes as much sense as some left wing group pushing a petition to ban guns when Dems are in the minority. It's wasted effort that makes a few of the faithful feel good (see Phil's post above)

If you don't have the political clout to get things done, you're no more significant than a fart in the wind.
I see where you are coming from Lars. I don't agree with you - but i see where you are coming from.
forget about all the talk about third parties and other such non-sense. I don't see how this bill is a bad thing, and as such, i don't see why you are being so negative about it. Isn't transparency a good thing? Do you really think that the Fed should be able to with complete autonomy and secrecy? Is it the bill you have a problem with, or the Campaign for Liberty?
The piece makes some outlandish claims:


Quote:
 
*** Constant economic crises -- the housing crisis and the resulting chaos is just one example of an economic bubble created by centrally-planned interest rates and money manipulation;

There were plenty of panics and depressions before the Fed was created.
http://history1800s.about.com/od/thegildedage/a/financialpanics.htm

Quote:
 
*** The destruction of the middle class -- as fuel, food, housing, medical care and education costs soar, everyone who is NOT on the government dole is forced to make do with less as the value of their money slowly decreases;

The rest of the world is catching up with us, and globalization means less skilled US workers will lose out to inflation. It's not the Fed's fault.

Quote:
 
*** Currency destruction -- history shows us that riots, violence and full-scale police states can result when people finally realize fiat money isn’t worth the paper it’s printed on and REFUSE to accept it.

I made a post that showed why hyper-inflation isn't much of a risk in the US today. This kind of inflammatory rhetoric is good for misleading the uneducated people in this country. (See "The destruction of the middle class" quote above)

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thePhilosopher May 13 2009, 09:08 PM Post #14
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"There were plenty of panics and depressions before the Fed was created."

There absolutely were. No one is denying that. But the whole purpose to create the Fed in the first place was to PREVENT depressions and panics. These were supposed to be a thing of the past if we created the Fed, so the individuals who were pushing for its creation had the leaders of the day believe. We had the Great Depression, hyperinflation in the 70's, and our current situation today. Now these panics and depressions are MORE severe, rather than nonexistent.

"The rest of the world is catching up with us, and globalization means less skilled US workers will lose out to inflation. It's not the Fed's fault."

You can only create inflation in the way that we do with a fiat currency and the Fed. Globalization has nothing to do with inflation, as it exists today.

"I made a post that showed why hyper-inflation isn't much of a risk in the US today. This kind of inflammatory rhetoric is good for misleading the uneducated people in this country. (See "The destruction of the middle class" quote above)"

As long as the dollar is the world's reserve currency, I think we won't see severe and catastrophic problems related to hyper-inflation. But we won't be the world's currency in the future if we keep this up, we're destroying the dollar. China and Russia, among others, are getting more anxious by the day about our dollar situation. It won't take long for others to feel the same way if we keep up our spending at the rate we are. And with Obama in the White House, we will only spend more and more, making the problem worse and worse. Once we lose our standing as the world's reserve, all bets are off. In the meantime, we're going to see this problem continue to be exacerbated as long as the government plays a huge role in the market.
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HoosierLars May 13 2009, 09:40 PM Post #15
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thePhilosopher
May 13 2009, 09:08 PM
"There were plenty of panics and depressions before the Fed was created."

There absolutely were. No one is denying that. But the whole purpose to create the Fed in the first place was to PREVENT depressions and panics. These were supposed to be a thing of the past if we created the Fed, so the individuals who were pushing for its creation had the leaders of the day believe. We had the Great Depression, hyperinflation in the 70's, and our current situation today. Now these panics and depressions are MORE severe, rather than nonexistent.

"The rest of the world is catching up with us, and globalization means less skilled US workers will lose out to inflation. It's not the Fed's fault."

You can only create inflation in the way that we do with a fiat currency and the Fed. Globalization has nothing to do with inflation, as it exists today.

"I made a post that showed why hyper-inflation isn't much of a risk in the US today. This kind of inflammatory rhetoric is good for misleading the uneducated people in this country. (See "The destruction of the middle class" quote above)"

As long as the dollar is the world's reserve currency, I think we won't see severe and catastrophic problems related to hyper-inflation. But we won't be the world's currency in the future if we keep this up, we're destroying the dollar. China and Russia, among others, are getting more anxious by the day about our dollar situation. It won't take long for others to feel the same way if we keep up our spending at the rate we are. And with Obama in the White House, we will only spend more and more, making the problem worse and worse. Once we lose our standing as the world's reserve, all bets are off. In the meantime, we're going to see this problem continue to be exacerbated as long as the government plays a huge role in the market.
Quote:
 
We had the Great Depression, hyperinflation in the 70's, and our current situation today. Now these panics and depressions are MORE severe, rather than nonexistent.

No, the panics in the 1800's were far worse.

Quote:
 
You can only create inflation in the way that we do with a fiat currency and the Fed. Globalization has nothing to do with inflation, as it exists today.

The real measure is the ratio of people's earning to prices. This ratio continued steadily until the 70's. Globalization is a major reason why this ratio has stayed flat, and maybe even declined some the last two decades.

Quote:
 
And with Obama in the White House, we will only spend more and more, making the problem worse and worse. Once we lose our standing as the world's reserve, all bets are off. In the meantime, we're going to see this problem continue to be exacerbated as long as the government plays a huge role in the market.

:cheers:
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