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Millions of angry Americans clamor for Ron Paulian transparency.

[Title of thread-Lew Rockwell]

Toward a Fed Audit

Editorial of The New York Sun | May 12, 2010

It is tempting to express disappointment at the watering down the Senate did to Congressman Ron Paul’s vision of how to audit the Federal Reserve. Dr. Paul himself is, in an interview with the Sun this morning, characterizing the Senate’s bill as only “slightly better than nothing.” He is even warning, “It does political harm,” in that it gives the Fed “cover — and people can hide from it.” The bill that cleared the Senate is aimed at finding out merely what the Fed did during the recent bailouts but not what it is doing, say, at the discount window or in the way of loans to other central banks and governments and international financial institutions. It may lead to an auditing merely of procedures and not of numbers. The right move in the House-Senate conference is a pursuit of a wide audit that would open the Fed to daylight.

In the longer scheme of things, however, it’s possible to see the a more encouraging side to this story, at least for those of us who came in to the campaign for monetary reform in the 1970s, after President Nixon closed the gold window in 1971 and brought Bretton Woods to its bang-less, whimpering end. A decade later Congress established the United States Gold Commission. The commission backed the current system. But it produced Dr. Paul’s famous minority report, in which the congressman from Texas was joined by another member of the commission, Lewis Lehrman, a New York businessman and intellectual. Now here we are, albeit 30 years later, and a version of what Dr. Paul has been asking for, even if a watered down version, has passed the Senate 96 to zero, and Dr. Paul ranks nearly even in the polls with the sitting president.

http://www.nysun.com/editorials/toward-a-fed-audit/86954/



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OT: Any San Francisco people in the room

Trying to get a handle on how to help John Dennis kick Nancy Pelosi to hell, where she belongs, from here in Texas. My email riceowlex@gmail.com

Just one last kick in the nuts, then a final deathblow

DP member Zak Carter

he works very hard for John Dennis -
contact him here -
http://www.dailypaul.com/user/6114

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

Who's Stealing American Taxpayer Money ???

To me this all boils down to international banking secrecy.

All investment banks { Goldman Sachs, J.P. Morgan, et. el. } have a client business relationship that basically protects all clients from the watchful eyes of big brother.

Who knows if laundered money, stolen money, etc. isn't being funneled into the hands of mobsters, crooks, Osama Bin Laden, etc. or those that are working against the best interests of the USA.

These firms are international in scope. Lets do an imaginary scenario:

The Osama Bin Laden bank using a different name, has accounts with Goldman Sachs in Switzerland, Saudi Arabia, New York, and Dubai.

They work out { at the top level }a 50/50 split on all profits with Goldman Sachs. Goldman makes a profit when the U.S. markets go up and when they go down, using money from the Osama banking company, both companies profit handsomely, because Goldmans computers work faster, while other smaller investment firms struggle for survival. People at the Fed know what's going on !

Without banking transparency how would anyone ever know?????

beesting

Don't forget

the "War on Drugs" which keeps illegal drug prices high
and the laundering of those drug proceeds at Wall St banks. Think any of that might be traceable through an audit. A CIA plane crash landed in Mexico with 4 tons of pure cocaine on board a couple of years ago now. Nah we don't need to audit the FED...???

Just one last kick in the nuts, then a final deathblow

Question???

Didn't President Johnson do something with the silver backing in 1968 or am I misinformed?

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

"The belief is worthless if the fear of social and physical punishment overrides the belief."

You might be thinking of this ...

While the U.S. stopped minting 90% silver coins in 1964, one was able to redeem remaining silver certificates in circulation for actual silver coin or bullion at the mint until 1968. The cutoff date was sometime in June of that year if memory serves correct.

Thanks - Information is good but correct information is......

better. I will follow that lead.

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

"The belief is worthless if the fear of social and physical punishment overrides the belief."

I'm getting really curious.

What did you find?

Sorry for the minunderstanding but I meant my info was "good" &

your info was "better" - so I will further investigate your info.

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

"The belief is worthless if the fear of social and physical punishment overrides the belief."

If you're interested ...

they sell a neat curiosity at apmex.com. Under bullion, click on silver, then click on unique silver items. Look for the item $1 in silver shot (nuggets) .7734 silver certificate exchange. I'm not sure if these are genuine leftovers from the 1960's but they make a great demonstration piece of sound money. People are fascinated when I show them a silver certificate and this little vial of nuggets.

Thanks!

:)

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

"The belief is worthless if the fear of social and physical punishment overrides the belief."