Fed Sicks Attack Dogs On Ron Paul After Audit Amendment Passes

Establishment efforts to kill move toward Fed transparency are crushed

Steve Watson
Infowars.net
Friday, Nov 20, 2009

The Federal Reserve attack dogs are out in full force today following Congressman Ron Paul’s decisive victory in the battle to bring transparency to the privately owned central bank.

The House Financial Services Committee passed the amendment to increase Federal Reserve transparency in an overwhelming and bipartisan vote of 43 to 26.

The amendment, sponsored by Ron Paul and Democratic Representative Alan Grayson, mandates a genuine and full probing audit of the Fed.

The Committee rejected the parallel amendment introduced by Congressman Mel Watt (D-NC) which would have severely limited the audit, “gutting” Ron Paul’s H.R. 1207 bill as the Congressman put it, and paving the way for further Fed secrecy.

Key Committee Democrats such as Chairman Barney Frank (D-Mass.) who had previously expressed support for an audit, had moved behind the Watt amendment at the behest of banking industry and Fed officials, as well as the Democratic leadership.

Had the alternative provision passed, those individuals would have succeeded in appearing to support transparency while actually protecting the Fed from any real examination.

The success is significant because it proves beyond doubt that there is true bipartisan support for H.R. 1207. Barney Frank had pushed for a no vote on the Paul/Grayson amendment, but 15 Democrats defied him to vote with Ron Paul.

The vote acknowledges the fact that representatives on both sides of the political spectrum are sick to the back teeth of the the incessant pillaging of America’s economic security by a handful of financial elites who have bought and paid for the leadership of both parties.

The power the Fed now holds has vastly increased over the past twelve months owing to the fall out of the financial crisis, yet it continues to operate in total secrecy. Its chairman and other officials act as if their unfettered power is a god given right, and they express loathing and contempt when they are simply asked to describe and explain their actions to Congress and the American people.

The establishment was forced to move against the tide of momentum to audit the Fed by introducing it’s own watered down legislation. However, they acted too late and they have been thoroughly crushed.

“Today was Waterloo for Fed secrecy,” a victorious Grayson noted following the vote.

“We are happy to see the Financial Services Committee preserve a measure to bring true Fed transparency,” said John Tate, President of Ron Paul’s Campaign for Liberty. “This amendment helps to ensure that real and complete audit legislation remains unaltered, and from here on out we will continue to push for a standalone floor vote of H.R. 1207.”

In addition, a further bill sponsored by Grayson and Paul also passed – this requires written concurrence by the Treasury Secretary prior to the Fed engaging in a foreign currency swap.

Fed Sicks Attack Dogs On Ron Paul After Audit Amendment Passes FOTR 340x1692

Predictably, in response to this victory, the Fed has come out in force in today’s press with former chairmen Alan Greenspan and Paul Volcker, along with former vice chairman Alan S. Blinder all penning attack pieces about how harmful the move to audit the Fed remains.

While Binder’s piece appeared in the Washington Post, Greenspan and Volcker sent their letter to the Financial Committee’s chairman and ranking Republicans.

Knowing that the tired counter of “this is harmful to the Fed’s independence” would be wheeled out again, Ron Paul addressed his detractors on the issue during the hearings yesterday, making it clear that the argument holds no weight, noting that H.R. 1207 and the amendment are not about regulation of the Federal Reserve, the powers it holds or political influence on monetary policy.

“‘Independence’ means secrecy, it doesn’t mean anything else.” Paul noted.

“We live in an age where the American people are sick and tired of this. They are sick and tired of secret government and government out of control and Congress passing TARP funds and on and on with nobody knowing what happened.” the Congressman asserted.

Ron Paul’s Remarks:

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Rep. Grayson’s Remarks:

http://www.prisonplanet.com/fed-sicks-a ... asses.html

Paul/Grayson for Pres/Vice Pres 2012, who's with me?

Seriously, enough of the bipartisanship. Before anything real can be done we need to take back our government and seeing the Democrats slap their leaders in the face while saying "enough is enough" actually gives me real hope.

I'd love to see Ron Paul the the White House. You think he will be too old by then though?

Anyone see the movie Bruno? LOL Ron Paul was in it. Calling bruno aka borat a queer and all that shit. It was funny as hell.

Is that Bruno movie any good? Did they even release it in the US?

I, for one, got tired of seeing the posters plastered all over Amsterdam with Sacha Baron Cohen's ass on them.

yeah its been out (actually i watched it on moviefather.com so im not sure). that dude is huge over here.
but.... i honestly almost had to turn it off. there was a lot of cock and balls in it.
but.... it was a very funny movie. honestly its really funny. i guess you just have to have a gross, mean sense of humor.

Yeah, Paul is a little old but unfortunately the list of people that have a name known well enough to have a shot at this as well as possibly be the man or woman for the job when it comes to working for us, is a very limited list. I didn't know much about him and didn't support him last election. This election I would actually be willing to volunteer for his campaign in this area should he run again. I don't think I am alone in this, in fact I would probably say there are many thousands of people that would take up the cause.

The Paul cause? Get out of the wars. True conservatives and liberals alike could come together for that cause. Ending secret government, Obama was supposed to be about change but it seems he just knows the power of a good Chant. I truly wish that wasn't the case but Paul has a track record of taking on the Power and is still standing.

You back up his age and wisdom with the youth and exhuberance of Alan Grayson and you have a Ticket that is going to have wide ranging support and spits in the face of the Establishments of both parties that cater only to Big Business and its Big Money. Time to light up the grassroots.

It was awesome to see Ron Paul and Alan Grayson working together on a piece of legislation. You will have to pardon me but this was the first time in a long time that something in politics excited me.

Like Ive said before in these forums, I would like to see his son (Rand Paul) run for president, Ive seen him in interviews, and he holds the same libertarian values as his father.

but.... i honestly almost had to turn it off. there was a lot of cock and balls in it.
Domdebears!!!!This is why you rule

http://www.freedomsphoenix.com/Article/ ... es-out.htm

Seems Campaign for Liberty is getting the word out. That email has more actual information then the prison planet piece.

They target people with Ron Paul bumper stickers you know .
You think we've seen some strange finacial B.S. It's gonna fly hot and heavy now.