Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Current Events

Current Events Current Events Forum - Latest political news and events

Reply
 
LinkBack Thread Tools Display Modes
Old July 7th, 2012, 01:49 PM   #1
Not Believing My Eyes....
 
imaginethat's Avatar
 
Join Date: Oct 2010
Location: Western Slope, Colorado
Posts: 34,989
It'll pass the House, with support from both sides of the aisle. The battle will be in the Senate.



Contact your senator: http://www.senate.go...enators_cfm.cfm



Quote:
Ron Paul's Audit the Fed Advances



The House Oversight Committee easily cleared legislation Wednesday that would require a top-to-bottom audit of the Federal Reserve.



The bill, sponsored by Rep. Ron Paul (R-Texas), was advanced by the committee on a bipartisan voice vote with no vocal opposition.



The measure, which has garnered 257 co-sponsors from both parties, would require the Government Accountability Office (GAO) to conduct a full audit of the Fed's operations, including its monetary policy deliberations, for the first time.



House GOP leaders have signaled that the audit bill would garner floor attention sometime in July. A similar measure from Paul a long-time opponent of the central bank and author of End the Fed was initially part of the Dodd-Frank financial reform law that passed the House. The final provision in the law required a GAO study of the Fed's emergency lending operations during the financial crisis, and the potential for conflicts of interest on the boards of the regional Fed banks.



Before the audit bill cleared the oversight committee on Wednesday, ranking member Elijah Cummings (D-Md.) attempted to introduce an amendment that would prevent the GAO from auditing the Fed's deliberations on monetary policy. Cummings withdrew the amendment after Chairman Darrell Issa (R-Calif.) voiced opposition, saying it "essentially guts this bill."



Issa maintained it was ironic that Congress took an intense interest in the $2 billion and counting in losses suffered recently by JPMorgan Chase when it "pales in comparison" to the Fed's multi-trillion dollar portfolio.



"It is long past time for a real audit," he said



Fed Chairman Ben Bernanke has previously opposed congressional attempts to audit the Fed's monetary policy deliberations, saying it would expose the politically independent institution to lawmaker pressure.



Meanwhile, the Fed has sought to ramp up its public outreach, with Bernanke holding regular press conferences following policy decisions, and highlighting on its website how the central bank's activities are reviewed by independent auditors and investigators.



Republicans have become increasingly critical of the Fed's expansionary policies following the economic downturn, warning that its massive expansion of its balance sheet poses serious inflation risks.



Liberal Democrats have also ramped up criticism of the central bank, taking it on for bailing out huge financial institutions during the financial crisis. Most recently, Sen. Bernie Sanders (I-Vt.) launched a campaign to remove banking officials from the boards of the regional Fed banks, saying it presents a conflict of interest.



Liberal Rep. Dennis Kucinich (D-Ohio), a member of the oversight panel, also expressed support for the audit bill on Wednesday.



Attention on the Federal Reserve is growing amid signs that the recovery has stalled. With lawmakers dug in on major economic and fiscal issues, speculation is swirling that the Fed might act to step in and try to boost the economy.



The Fed has kept interest rates near zero for years, and has said it expects to do so through the end of 2014. It has also purchased hundreds of billions in securities, as well as reoriented its portfolio to load up on longer-term debt in further attempts to lower borrowing costs and spur the economy.



Most recently, the Fed announced it would extend the latter effort, dubbed "Operation Twist," through the end of the year.



Following the dismal May jobs report, Federal Reserve Chairman Ben Bernanke has refused to take any policy options off the table, though he has repeatedly said the central bank needs help from lawmakers to boost the economy.


http://thehill.com/b...-fed-audit-bill
imaginethat is online now  
Old July 7th, 2012, 08:50 PM   #2
Bye, Ya better behave.
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,845
Sounds like good news, so what are you going to talk about now on DTT?
Fayt is offline  
Old July 7th, 2012, 09:36 PM   #3
Not Believing My Eyes....
 
imaginethat's Avatar
 
Join Date: Oct 2010
Location: Western Slope, Colorado
Posts: 34,989
Quote:
Originally Posted by Fayt View Post
Sounds like good news, so what are you going to talk about now on DTT?


Good news? That the bill will face great uncertainty in the Senate?



Be a good progressive and contact your senators. I'm sure a top-to-bottom audit of the Fed will reveal its criminal dominance and manipulation of the US government and economy.



Or, you can continue babbling about higher taxes and tariffs and stuff like that which won't make any significant differences as long as a group of private, unaccountable bankers are firmly in control of the US' government and economy.
imaginethat is online now  
Old July 7th, 2012, 10:42 PM   #4
Bye, Ya better behave.
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,845
Quote:
Originally Posted by imaginethat View Post
Quote:
Originally Posted by Fayt' timestamp='1341719454' post='412034

Sounds like good news, so what are you going to talk about now on DTT?


Good news? That the bill will face great uncertainty in the Senate?



Be a good progressive and contact your senators. I'm sure a top-to-bottom audit of the Fed will reveal its criminal dominance and manipulation of the US government and economy.



Or, you can continue babbling about higher taxes and tariffs and stuff like that which won't make any significant differences as long as a group of private, unaccountable bankers are firmly in control of the US' government and economy.


What a false sense of triumph. What will we find out from auditing the Fed that we didn't already know? That they're a corrupt, secretive, private oligarch? It's like psychoanalysing a group of murders. Now don't get me wrong I'm all for the audit but I don't expect any change of significant that will turn anything that we're worried about around.



Yeah and my economic babbling is what keeps you off the street with or without the comfort of the Fed.
Fayt is offline  
Old July 7th, 2012, 11:38 PM   #5
Not Believing My Eyes....
 
imaginethat's Avatar
 
Join Date: Oct 2010
Location: Western Slope, Colorado
Posts: 34,989
Quote:
Originally Posted by Fayt View Post
Quote:
Originally Posted by imaginethat' timestamp='1341722168' post='412037

[quote name='Fayt' timestamp='1341719454' post='412034']

Sounds like good news, so what are you going to talk about now on DTT?


Good news? That the bill will face great uncertainty in the Senate?



Be a good progressive and contact your senators. I'm sure a top-to-bottom audit of the Fed will reveal its criminal dominance and manipulation of the US government and economy.



Or, you can continue babbling about higher taxes and tariffs and stuff like that which won't make any significant differences as long as a group of private, unaccountable bankers are firmly in control of the US' government and economy.


What a false sense of triumph. What will we find out from auditing the Fed that we didn't already know? That they're a corrupt, secretive, private oligarch? It's like psychoanalysing a group of murders. Now don't get me wrong I'm all for the audit but I don't expect any change of significant that will turn anything that we're worried about around.



Yeah and my economic babbling is what keeps you off the street with or without the comfort of the Fed.

[/quote]



Thanks for the laughs....



Since you seem to claim some access to foreknowledge, tell me: What will we find out from auditing the Fed that we didn't already know?



The Fed never has been subjected to an audit as rigorous as your local sanitation district.



Quote:
...I'm all for the audit but I don't expect any change of significant that will turn anything that we're worried about around.


I consider returning the control of their currency to the people a "significant" goal, and I'm worried about the long-term consequences of the failure to do so. You're all so concerned with wealth inequality but fail to see than one way, one big way, wealth inequality is perpetrated is through manipulations of the money supply and the interest rates on loans.



You don't see this. It's not from any lack on my part to help you to see this, but despite my best efforts, you don't see this.



The worldwide pyramid of privately owned central banks having a monopoly on control of currency supply and interest rates, of which the Fed undeniably occupies the top floor, the capstone, provides a means of conquest more effective than blood on the grounds of war. The control of currency and interest rates, and thus the economies of most nations, rests in the hands of unelected, unaccountable, not subject to audit, private cabals of bankers who are answering to no one but themselves.



I'm trying my best to offer you, again, another way of looking at "the" problem. Be a good progressive and contact your senators urging them to support passage of this bill, H.R. 459. Encourage others to do the same. Help them. Tell your senators why you support H.R. 459. In fact Fayt, considering your understanding of the effects of wealth inequality, you do support this bill because it addresses "the" root cause of wealth inequality.



Wealth inequality is programmed from the very top of the economic pyramid. Wealth inequality is a means of control, power.
imaginethat is online now  
Old July 8th, 2012, 08:43 AM   #6
Bye, Ya better behave.
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,845
Quote:
Originally Posted by imaginethat View Post
Quote:
Originally Posted by Fayt' timestamp='1341726148' post='412042

[quote name='imaginethat' timestamp='1341722168' post='412037']

[quote name='Fayt' timestamp='1341719454' post='412034']

Sounds like good news, so what are you going to talk about now on DTT?


Good news? That the bill will face great uncertainty in the Senate?



Be a good progressive and contact your senators. I'm sure a top-to-bottom audit of the Fed will reveal its criminal dominance and manipulation of the US government and economy.



Or, you can continue babbling about higher taxes and tariffs and stuff like that which won't make any significant differences as long as a group of private, unaccountable bankers are firmly in control of the US' government and economy.


What a false sense of triumph. What will we find out from auditing the Fed that we didn't already know? That they're a corrupt, secretive, private oligarch? It's like psychoanalysing a group of murders. Now don't get me wrong I'm all for the audit but I don't expect any change of significant that will turn anything that we're worried about around.



Yeah and my economic babbling is what keeps you off the street with or without the comfort of the Fed.

[/quote]



Thanks for the laughs....



Since you seem to claim some access to foreknowledge, tell me: What will we find out from auditing the Fed that we didn't already know?



The Fed never has been subjected to an audit as rigorous as your local sanitation district.[/quote]



idk, we will just probably find out that they game trillions of dollars to other nations and banks, something that we didn't already know they were doing.





Quote:
Originally Posted by imaginethat View Post
I consider returning the control of their currency to the people a "significant" goal, and I'm worried about the long-term consequences of the failure to do so. You're all so concerned with wealth inequality but fail to see than one way, one big way, wealth inequality is perpetrated is through manipulations of the money supply and the interest rates on loans.



You don't see this. It's not from any lack on my part to help you to see this, but despite my best efforts, you don't see this.



The worldwide pyramid of privately owned central banks having a monopoly on control of currency supply and interest rates, of which the Fed undeniably occupies the top floor, the capstone, provides a means of conquest more effective than blood on the grounds of war. The control of currency and interest rates, and thus the economies of most nations, rests in the hands of unelected, unaccountable, not subject to audit, private cabals of bankers who are answering to no one but themselves.



I'm trying my best to offer you, again, another way of looking at "the" problem. Be a good progressive and contact your senators urging them to support passage of this bill, H.R. 459. Encourage others to do the same. Help them. Tell your senators why you support H.R. 459. In fact Fayt, considering your understanding of the effects of wealth inequality, you do support this bill because it addresses "the" root cause of wealth inequality.



Wealth inequality is programmed from the very top of the economic pyramid. Wealth inequality is a means of control, power.


I understand why the Fed is bad, you don't need to reiterate. This bill doesn't address those issues, it just shines some light on it. Wealth inequality is a cause of the manipulation of the tax code, destruction of unionization, and the lost of our trade sovereignty. We had wealth inequality before the Federal Reserve (i.e. 19th century The Guilded Age) and after its establishments.



Sooo, maybe they should had just attempt to pass a bill that nationalized the Fed again or something. Fayt supports this bill anyhow, there's nothing like giving a wild pig a bath for a day.
Fayt is offline  
Old July 8th, 2012, 10:04 AM   #7
Not Believing My Eyes....
 
imaginethat's Avatar
 
Join Date: Oct 2010
Location: Western Slope, Colorado
Posts: 34,989
Quote:
Originally Posted by Fayt View Post
I understand why the Fed is bad, you don't need to reiterate. This bill doesn't address those issues, it just shines some light on it. Wealth inequality is a cause of the manipulation of the tax code, destruction of unionization, and the lost of our trade sovereignty. We had wealth inequality before the Federal Reserve (i.e. 19th century The Guilded Age) and after its establishments.



Sooo, maybe they should had just attempt to pass a bill that nationalized the Fed again or something. Fayt supports this bill anyhow, there's nothing like giving a wild pig a bath for a day.


Partly correct, but these are causes after the fact of the influence of the Fed. These are the issues that create partisan strife that keeps citizens' focus off of the Fed, keeps citizens thinking the other party is the problem, and provides solid cover for the Fed's influence on the national and world economy. No, you aren't aware of why the Fed is bad. You just say you are, but your responses always show, you're not.



Face it, you are willing to sell yourself and your country to a group of unelected, unaccountable, never audited, system of banks that are privately owned and have a monopoly on the money supply and interest rates, just as long as taxes and tariffs are raised, unionization is increased, and we regain our "trade sovereignty" whatever that means. Every American citizen is a prisoner of these bankers, and you are OK with that as long as our cell is remodeled.



Again, you don't get it. I walk away from this, again, knowing I've done my best to help you understand the root cause of national and worldwide economic problems. But you and most citizens don't get it.



Maybe you will someday.
imaginethat is online now  
Old July 8th, 2012, 10:26 AM   #8
Bye, Ya better behave.
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,845
Quote:
Originally Posted by imaginethat View Post
Quote:
Originally Posted by Fayt' timestamp='1341762192' post='412076

I understand why the Fed is bad, you don't need to reiterate. This bill doesn't address those issues, it just shines some light on it. Wealth inequality is a cause of the manipulation of the tax code, destruction of unionization, and the lost of our trade sovereignty. We had wealth inequality before the Federal Reserve (i.e. 19th century The Guilded Age) and after its establishments.



Sooo, maybe they should had just attempt to pass a bill that nationalized the Fed again or something. Fayt supports this bill anyhow, there's nothing like giving a wild pig a bath for a day.


Partly correct, but these are causes after the fact of the influence of the Fed. These are the issues that create partisan strife that keeps citizens' focus off of the Fed, keeps citizens thinking the other party is the problem, and provides solid cover for the Fed's influence on the national and world economy. No, you aren't aware of why the Fed is bad. You just say you are, but your responses always show, you're not.



Face it, you are willing to sell yourself and your country to a group of unelected, unaccountable, never audited, system of banks that are privately owned and have a monopoly on the money supply and interest rates, just as long as taxes and tariffs are raised, unionization is increased, and we regain our "trade sovereignty" whatever that means. Every American citizen is a prisoner of these bankers, and you are OK with that as long as our cell is remodeled.



Again, you don't get it. I walk away from this, again, knowing I've done my best to help you understand the root cause of national and worldwide economic problems. But you and most citizens don't get it.



Maybe you will someday.



How?
Fayt is offline  
Old July 8th, 2012, 10:55 AM   #9
Not Believing My Eyes....
 
imaginethat's Avatar
 
Join Date: Oct 2010
Location: Western Slope, Colorado
Posts: 34,989
Quote:
Originally Posted by Fayt View Post
Quote:
Originally Posted by imaginethat' timestamp='1341767085' post='412087

[quote name='Fayt' timestamp='1341762192' post='412076']

I understand why the Fed is bad, you don't need to reiterate. This bill doesn't address those issues, it just shines some light on it. Wealth inequality is a cause of the manipulation of the tax code, destruction of unionization, and the lost of our trade sovereignty. We had wealth inequality before the Federal Reserve (i.e. 19th century The Guilded Age) and after its establishments.



Sooo, maybe they should had just attempt to pass a bill that nationalized the Fed again or something. Fayt supports this bill anyhow, there's nothing like giving a wild pig a bath for a day.


Partly correct, but these are causes after the fact of the influence of the Fed. These are the issues that create partisan strife that keeps citizens' focus off of the Fed, keeps citizens thinking the other party is the problem, and provides solid cover for the Fed's influence on the national and world economy. No, you aren't aware of why the Fed is bad. You just say you are, but your responses always show, you're not.



Face it, you are willing to sell yourself and your country to a group of unelected, unaccountable, never audited, system of banks that are privately owned and have a monopoly on the money supply and interest rates, just as long as taxes and tariffs are raised, unionization is increased, and we regain our "trade sovereignty" whatever that means. Every American citizen is a prisoner of these bankers, and you are OK with that as long as our cell is remodeled.



Again, you don't get it. I walk away from this, again, knowing I've done my best to help you understand the root cause of national and worldwide economic problems. But you and most citizens don't get it.



Maybe you will someday.



How?

[/quote]



That's laughable Fayt. That's a "gary response." All I've done in this thread is to explain "how," and it's all I've done ever since you and I have discussed this topic.



Control of the currency and interest rates is power. Those who have a monopoly on that power aren't accountable to anyone. That power isn't used to create equality. That power is based on inequality, on manipulating the interactions of the haves and have-nots.



Saying that economic inequalities existed before the Fed is stating the obvious. Economic inequalities go back as far as human history goes. But, so what? Right now, in the USA and the world, an interlocking, international system of private bankers has achieved world dominance. You say, well yeah, but let's raise taxes and tariffs and everything will be OK, or at least, everything that matters will be OK.



You've put a price on yourself. Give me my tax increases and everything else you champion, and everything "that matters" will be OK. That belief demonstrates that you do not understand the power of central banks in private hands. I've tried my best to show you how wrong this is. I haven't succeeded.
imaginethat is online now  
Old July 8th, 2012, 11:19 AM   #10
Banned
 
garysher's Avatar
 
Join Date: Feb 2007
Location: Los Angeles
Posts: 34,678
Quote:
Originally Posted by imaginethat View Post
Quote:
Originally Posted by Fayt' timestamp='1341762192' post='412076

I understand why the Fed is bad, you don't need to reiterate. This bill doesn't address those issues, it just shines some light on it. Wealth inequality is a cause of the manipulation of the tax code, destruction of unionization, and the lost of our trade sovereignty. We had wealth inequality before the Federal Reserve (i.e. 19th century The Guilded Age) and after its establishments.



Sooo, maybe they should had just attempt to pass a bill that nationalized the Fed again or something. Fayt supports this bill anyhow, there's nothing like giving a wild pig a bath for a day.


Partly correct, but these are causes after the fact of the influence of the Fed. These are the issues that create partisan strife that keeps citizens' focus off of the Fed, keeps citizens thinking the other party is the problem, and provides solid cover for the Fed's influence on the national and world economy. No, you aren't aware of why the Fed is bad. You just say you are, but your responses always show, you're not.



Face it, you are willing to sell yourself and your country to a group of unelected, unaccountable, never audited, system of banks that are privately owned and have a monopoly on the money supply and interest rates, just as long as taxes and tariffs are raised, unionization is increased, and we regain our "trade sovereignty" whatever that means. Every American citizen is a prisoner of these bankers, and you are OK with that as long as our cell is remodeled.



Again, you don't get it. I walk away from this, again, knowing I've done my best to help you understand the root cause of national and worldwide economic problems. But you and most citizens don't get it.



Maybe you will someday.




You always like to think you are one of a very few people who "get it" and everyone else is wrong.



Your views on the Bible, Christianity and the Fed have that in common
garysher is offline  
Reply

  Defending The Truth Political Forum > Political Forum > Current Events

Tags
"audit, ahead, fed", moving

Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Paul And Company Vindicated On Fed Audit imaginethat Current Events 5 December 6th, 2011 05:54 AM
Moving Tribute PaperAlchemist Gay and Lesbian Rights 0 April 1st, 2011 10:35 AM
Moving Photograph leighredf Warfare 2 December 19th, 2009 01:54 PM
Audit faults reading program CNN Current Events 1 September 25th, 2006 09:38 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.