The Washington establishment suffers a serious defeat
Posted November 20th, 2009 by xntryk1Friday, Nov 20, 2009 04:21 PST
The Washington establishment suffers a serious defeat
By Glenn Greenwald
Something quite amazing happened yesterday in Congress: the House Finance Committee -- in a truly bipartisan and even trans-ideological vote -- defied the banking industry, the Federal Reserve, the Democratic leadership, and mainstream Beltway opinion in order to pass an amendment, sponsored by GOP Rep. Ron Paul and Democratic Rep. Alan Grayson, mandating a genuine and probing audit of the Fed. The Huffington Post's Ryan Grim has the best account of what took place, noting:
In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.
Grim details how key Committee Democrats such as Frank -- who spent the year claiming to support an audit of the Fed in the face of rising anger over its secret and bank-subservient policies -- suddenly introduced their own amendment (sponsored by Democratic Rep. Melvin Watt) that would have essentially gutted the Paul/Grayson provisions. Banking industry and Fed officials, as well as the Democratic leadership, then got behind that alternative provision as a means of pretending to support transparency while protecting the Fed from any genuine examination. Notwithstanding the pressure exerted on Committee Democrats to support that watered-down "audit" bill, Grayson convinced 15 of his colleagues to join with Republicans to provide overwhelming support for the Paul/Grayson amendment. As Grim notes:
[Frank] urged a no vote, yet 15 Democrats bucked him, voting with Paul. Key to winning Democratic support was a letter posted early Thursday from labor leaders and progressive economists. The letter, organized by the liberal blog FireDogLake.com, called for a rejection of the Watt substitute and support for Paul.
Grayson was able to show Democratic colleagues that the liberal base was behind them.
"Today was Waterloo for Fed secrecy," a victorious Grayson said afterwards.
END THE FED! SUNDAY Nov 22 - Nationwide Action Day
Posted November 20th, 2009 by Michael NystromFull information, including a rally at location near you: endthefedusa.ning.com
Update - S 604 - 30 Co-sponsors
Posted May 13th, 2009 by economics31Updated on October 2, 2009
On record so for on thomas: http://thomas.loc.gov/cgi...
Title: A bill to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
Sponsor: Sen Sanders, Bernard [VT] (introduced 3/16/2009) Cosponsors (30)
Related Bills: H.R.1207
Update - HR 1207 - 313 Co-sponsors!
Posted May 12th, 2009 by sunnyUpdated on November 20, 2009
On record so far on thomas: http://thomas.loc.gov/cgi...
Title: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
Sponsor: Rep Paul, Ron [TX-14] (introduced 2/26/2009)
Co-sponsors (313)
Latest Major Action: 2/26/2009 Referred to House committee. Status: Referred to the House Committee on Financial Services.
The Way Forward in the "War on Terror." RJ's response to Rand's recent comments.
Posted November 21st, 2009 by RJ HarrisBy RJ Harris, U.S. Congressional Candidate Oklahoma 4th District
The Ethics of Liberty Apply to All or to None
Our Constitution allows Congress under Article I sec 8 to "...define and punish Offences against the Law of Nations…" within the confines of the Due Process and Equal Protection required for all PERSONS, not only citizens, under our jurisdiction. Using the Necessary and Proper clause, we have codified the Due Process and Equal Protection required for prisoners of war through the Uniform Code of Military Justice. At a minimum enemy combatants must be afforded notice and an opportunity to be heard. However, since there has been no declaration of war against any foreign sovereigns, nor Letters of Reprisal issued against persons or activities, then the prisoners we are currently holding have been denied notice of their legal jeopardy as potential prisoners of war rather than as civilian criminals. The other critical element of Due Process is an opportunity to be heard. Yet to date barely a handful of the Gitmo detainees have received a trial. Due Process is always able to be provided so long as the law which underpins it has not itself been broken. We must then be very careful when weighing the arguments of those responsible for the breakdown in the enforcement of our law for to concede that we are not capable of providing Due Process is to admit that we have broken our own law. Providing these things, to the worst of humanity, is what separates the law abiding from the pirate and the terrorist.
Guantanamo Bay is a stain upon our National Honor. Within its walls we denied other human beings the same Due Process we gave to Nazi's guilty of genocide. Within it’s walls we committed torture in the name of convenience. Within it's walls our government abandoned the Ethics of Liberty for the cheap bauble of expediency. It must be closed and what went on there must never be repeated.
The opportunity to declare war on the Taliban government of Afghanistan has long since passed. The un-declared and therefore illegal war there was won when the Taliban Government was ousted and a new government was seated. What is going on there now is an occupation centered around nation building and the continued promulgation of an illegal empire.
Video: Alan Grayson and Eliot Spitzer take aim at the Fed
Posted November 20th, 2009 by TheTruthWillSet..."The Federal Reserve has more power than the CIA" says Alan Grayson on MSNBC.
Oath Keepers Quillow Auction!
Posted November 20th, 2009 by quiltingsandoMy Dear Daily Paul Family:
What a wonderful, worthy pro-active idea by the founder of Oath Keepers Stewart Rhodes to have a Constitution Care Package Drive, to send our Armed Forces the information they need. This package will help our men and women carry out their sworn duty to OUR Constitutional Republic.
I have 3 quillows and 1 throw to help raise Oath Keepers a MILLION dollars. LOL Here they are, together:

These quillows are bit different than the last ones. They all have FLEECE backing. I love fleece it is so warm and cuddly. These items are great to have in the car, home, or cold dorm room.
We will run the auction same as last time. To bid, put the number of the item and your bid in the comment section. The auction will end on Monday, November 30th at 4:30pm EST The winners will send the money DIRECTLY to the care package web site at: www.ok4troops.com If possible just email me a copy of your receipt and the name and address where the quillow or throw should be sent. Last time the winners were so kind to send a email receipt to me and I thought that was very kind.
(More pictures below)
The Paul Amendment passed! 43-26! Thanks to everyone who made those calls!!! Round Two, December 1st.
Posted November 20th, 2009 by TenBobNoteVideo and How they voted included (Yay or Nay FOR Congressman Paul's bill
Discussion on Watt amendment debate, Ron Paul Won.
Posted November 20th, 2009 by BjarniThe final passage will not happen today according to Mr. Frank due to discussions he had with the Congressional Black Caucus.
Final Passage will happen on the Tuesday December 1st, the day that congress comes back in session after Thanks Giving Recess.
The Paul/Grayson amendment passed 43/26, we won a small victory today.
See here some headlines regarding this passage.
http://www.reuters.com/ar...
http://www.bloomberg.com/...
http://www.marketwatch.co...
http://www.examiner.com/x...
http://online.wsj.com/art...
http://www.google.com/hos...
WSJ Poll:Should the Federal Reserve be subject to congressional audits?
http://online.wsj.com/com...
Ron Paul was on Fox Business at 1:45 EST.
Posted November 20th, 2009 by Carlin-EquitiesRon Paul was on Fox Business at 1:45 EST, for a short telephone interview.
Host brought up Ron Paul again, afterwards, at 1:58. Treating his opinion on gold like he's a guru.
Paul on gold, mentioned again by a floor trader being interviewed at 2:02.
Société Générale Tells Clients How to Prepare for Potential 'Global Collapse'
Posted November 20th, 2009 by declarationofre...In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems.
Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private. It must be reduced by the hard slog of "deleveraging", for years.
"As yet, nobody can say with any certainty whether we have in fact escaped the prospect of a global economic collapse," said the 68-page report, headed by asset chief Daniel Fermon. It is an exploration of the dangers, not a forecast.
Under the French bank's "Bear Case" scenario (the gloomiest of three possible outcomes), the dollar would slide further and global equities would retest the March lows. Property prices would tumble again. Oil would fall back to $50 in 2010.
Governments have already shot their fiscal bolts. Even without fresh spending, public debt would explode within two years to 105pc of GDP in the UK, 125pc in the US and the eurozone, and 270pc in Japan. Worldwide state debt would reach $45 trillion, up two-and-a-half times in a decade.
The underlying debt burden is greater than it was after the Second World War, when nominal levels looked similar. Ageing populations will make it harder to erode debt through growth. "High public debt looks entirely unsustainable in the long run. We have almost reached a point of no return for government debt..."
Ron Paul's Triumph.....
Posted November 20th, 2009 by Tessie101Our man Ron Paul is front page on Marketwatch.
WASHINGTON (MarketWatch) -- Rep. Ron Paul, who has sought to audit the Federal Reserve for 26 years, has inched ever so much closer to his goal.
A key congressional panel on Thursday approved legislation introduced by the Texas congressman that - for the first time in the central bank's 95-year-history -- would require government audits of Federal Reserve monetary policy, as well as how much the central bank has lent and will lend to specific banks.
Fed Chief Ben Bernanke and other key members of the Obama administration, including Treasury Secretary Tim Geithner, had vigorously opposed the move.
The rest of the story can be read here:
Will Tea Partiers turn on each other?
Posted November 20th, 2009 by meekandmildKenneth P. Vogel Kenneth P. Vogel – Thu Nov 19, 11:41 pm ET
After emerging out of nowhere over the summer as a seemingly potent and growing political force, the tea party movement has become so rife with internal feuding over philosophy, strategy and money that some supporters fear it will disintegrate before realizing its full potential.
The grass-roots activists powering the movement have become increasingly divided on core questions such as whether to focus their efforts on shaping policy debates or elections, work on a local, regional, state or national level or closely align itself with the Republican Party, POLITICO found in interviews with tea party organizers in Washington and across the country.
Disagreements over those issues have spawned personal and institutional rivalries, at least one highly contentious lawsuit and — perhaps most significantly — resulted in the splintering of local, regional and national groups into a patchwork of hundreds of smaller groups that occasionally seem to be working at cross-purposes.
Continued
http://news.yahoo.com/s/p...
Rand Paul: Try, Convict and Lock Up Terrorists In Guantanamo
Posted November 20th, 2009 by William the SilentRand Paul: Try, Convict and Lock Up Terrorists In Guantanamo
Published on 19 November 2009 by admin in General News
For Immediate Release
November 19, 2009
BOWLING GREEN, KENTUCKY – Leading United States Senate candidate Rand Paul today criticized the Obama administration’s decision to close the Guantanamo Bay detention center and try terrorism suspects in United States Civil Courts.
“Foreign terrorists do not deserve the protections of our Constitution,” said Dr. Paul. “These thugs should stand before military tribunals and be kept off American soil. I will always fight to keep Kentucky safe and that starts with cracking down on our enemies.”
Dr. Paul believes in strong national defense and thinks military spending should be our country’s top budget priority. He has also called for a Constitutional declaration of war with Afghanistan.
Adam Kokesh Talks to Russia Today About Military Suicides
Posted November 19th, 2009 by MaeveVideo and article of Adam Kokesh talking about Iraq, Afghanistan, and the military suicides.
WSJ op-ed: Ron Paul and Jim DeMint: Americans Deserve a Transparent Fed
Posted November 19th, 2009 by mattdzWall Street Journal | November 18th, 2009
Americans Deserve a Transparent Fed
By RON PAUL AND JIM DEMINT
For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the U.S. dollar has lost more than 95% of its purchasing power. The Fed’s unprecedented actions over the past year in attempting to stabilize the financial system have now forced it into the spotlight, and caused millions of people around the country to question the opacity of the Fed’s financial transactions.
While the Fed is more transparent now than it was 20 or 30 years ago, there is still a long way to go. If the Fed were fully transparent, organizations such as Bloomberg and Fox News wouldn’t have to sue its board of governors to receive materials that should be available through Freedom of Information Act requests. These include information on which banks and companies received loans and for what amounts after the 2008 financial meltdown.
One puzzling assertion made by the Fed and its supporters is that the Federal Reserve has some sort of independence from the government and independence in undertaking monetary policy. Nothing could be further from the truth. The Federal Reserve is a government-created banking monopoly, and its top decision makers are appointed by the president and confirmed by the Senate. If they do not perform satisfactorily in the eyes of politicians, they will not be renominated.
The Fed has also, for the past three decades, been required to engage in monetary policy with the goal of maintaining stable prices and full employment. Since the natural trend over time is for prices to decrease, a mandate to maintain stable prices is a mandate to pursue an expansionary monetary policy and inflate the money supply to counteract the lower prices we would expect from increased productivity.
Republican Liberty Caucus Endorses John Dennis & RJ Harris
Posted November 19th, 2009 by Michael NystromNovember 17, 2009
On Monday the National Board of the Republican Liberty Caucus voted unanimously to endorse John Dennis in his run for the House of Representatives in California's 8th District. RLC Chairman Dave Nalle observed that "John Dennis represents the future of the Republican Party. He will be a champion for individual liberty, limited government and free enterprise. He's exactly the right candidate to bring an end to the misrule of Nancy Pelosi in the House."
- - - - -
The Republican Liberty Caucus is pleased to announce its endorsement of R.J. Harris in his campaign to represent the 4th District of Oklahoma in the House of Representatives.
The RLC Board of Directors selected Mr. Harris as one of its first endorsed candidates for the 2010 primary season because of his issue stances in support of individual rights, limited government, and free enterprise. We believe Mr. Harris will be a strong defender of liberty as a member of Congress and an outstanding representative for the people of Oklahoma.
Did you just hear that? Daily Show 11-18
Posted November 19th, 2009 by laissez faireJohn Stewart passionately mentioning "the only politician out in front was Ron Paul speaking about revolution against tyranny, and Fox dismissed him."
On the Daily Show while he interviewed Lou Dobbs. Dobbs agreed RP was dismissed not just by Fox, but by all networks.
Update: The soundbite starts at around 5:30:
Interview continues with Dobbs.
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Exclusive - Lou Dobbs Extended Interview Pt. 1 | ||||
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