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DIGG! Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says

!! DIGG IT !!

By Bob Ivry | Bloomberg

Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

“There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”

The Fed, led by Chairman Ben S. Bernanke, has come under greater congressional scrutiny while attempting to end the financial crisis by bailing out financial firms and more than doubling its balance sheet to $2.16 trillion in the past year. The central bank is also buying $1.25 trillion of securities tied to home loans.

Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee.

Keith Kelly, a spokesman for Watt, declined to comment and said Watt wasn’t immediately available for an interview. Watt’s district includes Charlotte, headquarters of Bank of America Corp., the biggest U.S. lender.

Original Language

Paul said he intends to introduce an amendment to the bill when it comes to the House floor for a vote restoring the legislation’s original language.

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END THE FED

Digg # 705 Much love to all my RON PAUL family

Michael Nystrom's picture

#492 & Digg Front Page

Good job here.

He's the man.

I recall Mel Watt during the hearings with Alvarez the attorney

for the Fed and the way he split hairs with Tom Woods and how Barney was right there being the dutiful 'altar boy' at the very foot of Mammon itself.

Watt came across not as a representative of the people, but as an agent for the banking establishment.

He most certainly did not act indignant towards a syndicated cabal that must be held accountable for the loses and demand a paper trail to those foreign banks, and to answer as to why trillions of American IOUs are going to European banks in the first place!!!!!

This is nothing short of giving aid to the enemy!! This is outright treason!

Mel Watt's Contact Numbers...

WASHINGTON
2304 Rayburn HOB
Washington, DC
20515-3312
Tel. (202) 225-1510
Fax (202) 225-1512

CHARLOTTE
1230 W. Morehead St.
Suite 306
Charlotte, NC
28208-5214
Tel. (704) 344-9950
Fax (704) 344-9971

GREENSBORO
301 S. Greene St.
Suite 210
Greensboro, NC
27401-2615
Tel. (336) 275-9950

http://www.ronpaulsingles.com/

Paper Ballots Hand Counted At The Precinct Or Bust
Support WTP Federal Supreme Court Case To Ban All Electronic Voting Or Forget 2010 or 2012
http://www.wethepeoplefoundation.org/UPDATE/Update2009-05-11...

Mel Watts REAL Contact Info

This is the only True Contact place where Mel Picks Up His Mail...

Mel Watt
Lobbying Payoff Office
Cash Drop Box 42D
Bank of America Building
Charlotte, NC

.

I recall calling his office and his very well trained aid

immediately 'transferred' me to another office as soon as I asked if Watt was supporting 1207. I called three times and she did it as if on cue. But on the third call, I caught her and confronted her for deliberately transferring me without listening to a thing I had to say. "Don't you dare try to transfer me again or I will take the proper steps in outing you for what you are doing!"
If Watt is NOT supporting 1207 does that mean he doesn't think his constituents or the American people have a need to know!!!!????

She sullenly said she would pass it on.

Thanks patriot

bump.
___________________
"a half truth is a full lie" old Jewish saying quoted by Gary Null
exposing big pharma and their deadly vaccines
http://www.youtube.com/watch?v=gavenB_AJ9A

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Hey, Congress:

Are you (at least you 308 who cosponsored this damn thing) gonna let one weasel get away with this? Well...?

Besides armed rebellion....

what can be done? Honestly?

We must wait to hear what our leader Ron Paul says is the next step. He surely will guide us.

I do not know the next course.

I'm guessing the dollar must be completely destroyed (as planned by Obama and Bush and the bankers), then I suppose the situation will be ripe to install a vicious dictator or to pass some more "Patriot Act" laws which will usher in a reign of terror against God-fearing, Freedom-loving, and/or US Constitution-loving Americans.

The destruction of the dollar is sure.

Get ready, get your food storage and get ready to welcome the great depression and all the evils of an even bigger and badder federal government. "We're here to help you," as they knock on your door.

paranoia strikes deep.
into your heart it will creep.
it happens when you're always afraid.
step out of line and the man comes to take you away.
stop, hey, what's that sound?
everybody look what's going down.
its time we stop, hey, what's that sound?
everybody look what's going down.
stop, hey, what's that sound?
everybody look what's going down.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford

Besides armed rebellion....

what can be done? Honestly?

We must wait to hear what our leader Ron Paul says is the next step. He surely will guide us.

I do not know the next course.

I'm guessing the dollar must be completely destroyed (as planned by Obama and Bush and the bankers), then I suppose the situation will be ripe to install a vicious dictator or to pass some more "Patriot Act" laws which will usher in a reign of terror against God-fearing, Freedom-loving, and/or US Constitution-loving Americans.

The destruction of the dollar is sure.

Get ready, get your food storage and get ready to welcome the great depression and all the evils of an even bigger and badder federal government. "We're here to help you," as they knock on your door.

paranoia strikes deep.
into your heart it will creep.
it happens when you're always afraid.
step out of line and the man comes to take you away.
stop, hey, what's that sound?
everybody look what's going down.
its time we stop, hey, what's that sound?
everybody look what's going down.
stop, hey, what's that sound?
everybody look what's going down.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford

Watt is a slimy weasel.

Digg # 309

Everyone, cancel your Bank of America credit cards NOW!

Close any of your accounts with this bank immediately. This is the only thing that gets their attention. This is the only thing they fear...

After the bailouts I took a $5000 BofA card and maxed it

I burned them for the $5 G's.
Now I'm satisfied AND I am identity theft proof. I could give you all of my credit info and you still couldn't get credit in my name.

America!

Barack Obama, Salesman of the year for firearms, ammo, gold and silver .
~~ ~~~ ~~~~ ~~~ ~>> "Is Anybody Out There?"
http://www.youtube.com/watch?v=fXaXV2OZmLw&eu

dugged

dugged

The People's President
Ron Paul R[̲̅ə̲̅٨̲̅٥̲̅٦̲̅]ution 2012

Michael Nystrom's picture

Dig @ 275

Going viral. Now the #2 story on World & Business News page:

http://digg.com/world_business

He's the man.

Get it yet?

This is why the "system" will never work for freedom. This is why voting is futile.

What was that quote about the "...tree of liberty..." again?

Each time any weasel like this

takes any step to neutralize our activity, we must mount an overwhelming effort to stop their re-election.
Make them pay for their transgressions.

won't work

You vote him out, and then the next weasel will take his place.

The Constitution let's the Congress come up with its "rules" and the rules are completely corrupt, so that means there is a way, EVERY SINGLE TIME, for the evil operatives (like Weasel Watts) to thwart every good piece of legislation.

The time it appears must inevitable come for the people to rise up. Ron Paul has always said that he feels powerless, that Congress "doesn't matter." They are just pawns, and made to appear as if they have power, when the real power is in the money.

No doubt Mr. Watts has sold his soul to the devil, and the devil will reward him handsomely. He'll get his 30 pieces of silver indeed.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a rEVOLution before tomorrow morning." - Henry Ford

dugg

it's in the popular section now - great work patriots*))
___________________
"a half truth is a full lie" old Jewish saying quoted by Gary Null
exposing big pharma and their deadly vaccines
http://www.youtube.com/watch?v=gavenB_AJ9A

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

I remember that bastard from the hearing

What a dirty rat. He seemed pretty shady during the hearings too... tried to pussyfoot his way around the fact that he didn't want the fed to be audited at all by jawboning about "regulations" and some other BS.

"The sinews of war are infinite money" ~ Marcus Tullius Cicero

"The sinews of war are infinite money" ~ Marcus Tullius Cicero

Digg 194

.

Dug for the..

187th time!!

--Deleted--

-removed by author, posted in wrong area--- sorry

Allison Bricker

http://SmArgus.com

"None are so hopelessly enslaved as those who falsely believe they are free." - Johann Wolfgang von Goethe

Dugg

at 171.

Colchester, New London County, Connecticut

dugg!!! @ 131

Of course they will fight this. Keep digging!

I knew Mel Watt was a weasel...

...after seeing him in the hearings on HR 1207. The way he treated Woods, and how he talked about his constituent, was despicable.

Protections for anonymous speech are vital to democratic discourse. Allowing dissenters to shield their identities frees them to express critical, minority views...Anonymity is a shield from the tyranny of the majority. - SCotUS, 1995