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

Posted November 2nd, 2009 by McPond

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.

Continue

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752

On November 5th, 2009 Delvin says:

"The War Prayer - Mark Twain"

END THE FED

On November 2nd, 2009 gibson1362 says:

Digg # 705 Much love to all my RON PAUL family

#492 & Digg Front Page

On October 31st, 2009 Michael Nystrom says:

Good job here.

I recall Mel Watt during the hearings with Alvarez the attorney

On October 31st, 2009 Anisha says:

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...

On October 31st, 2009 Thomas says:

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...

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.wethepeoplefou...

Mel Watts REAL Contact Info

On November 1st, 2009 HawaiianDude says:

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

On October 31st, 2009 Anisha says:

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

On October 31st, 2009 legalizeliberty says:

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/wa...

Welcome...

On November 5th, 2009 Thomas says:

http://www.ronpaulsingles...

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.wethepeoplefou...

Your Welcome And It's Such Ease To Call If You Have SKYPE

On October 31st, 2009 Thomas says:

on your computer...
.
.

http://www.ronpaulsingles...

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.wethepeoplefou...

Hey, Congress:

On October 31st, 2009 thirty3na3rd says:

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

Besides armed rebellion....

On October 31st, 2009 underdog says:

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.

Besides armed rebellion....

On October 31st, 2009 underdog says:

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.

The destruction of the dollar is sure.

Watt is a slimy weasel.

On October 31st, 2009 kenroid says:

Digg # 309

Everyone, cancel your Bank of America credit cards NOW!

On October 31st, 2009 moonbow says:

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

On November 2nd, 2009 Daddy WarBucks says:

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/wa...

dugged

On October 31st, 2009 UKLooney says:

dugged

Dig @ 275

On October 31st, 2009 Michael Nystrom says:

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

http://digg.com/world_bus...

King World News

On October 31st, 2009 UserAccount says:

New interview with Ron Paul here:

http://www.kingworldnews....

Get it yet?

On October 31st, 2009 jsw2k says:

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

On October 31st, 2009 BigT says:

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

On October 31st, 2009 underdog says:

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.

dugg

On October 31st, 2009 legalizeliberty says:

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/wa...

I remember that bastard from the hearing

On October 31st, 2009 MrWood says:

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

Digg 194

On October 31st, 2009 Jiminy Cricket says:

Dug for the..

On October 31st, 2009 Libertad says:

187th time!!

--Deleted--

On October 31st, 2009 Alli says:

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

Dugg

On October 31st, 2009 Aphrodite13 says:

at 171.

dugg!!! @ 131

On October 31st, 2009 Antique Pete says:

Of course they will fight this. Keep digging!

I knew Mel Watt was a weasel...

On October 31st, 2009 WCU4Paul says:

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

Thank you

On October 31st, 2009 scdecade says:

I hadn't made that connection. Same dude. Yeah, he had a bad attitude.

Going Viral - Dig at 122

On October 31st, 2009 Michael Nystrom says:

http://digg.com/politics/...

I have a question,

On October 31st, 2009 BigT says:

which I also posted on another thread regarding this subject.

How is it that someone who is not an author of the bill, can "gut" the language of the bill, without the author's consent, or the consent of all the co-sponsors?
Where does Watt get this authority?

I think this is strange.

However, IF it is possible for any house member to "gut" the language of any bill arbitrarily, then I think that Dr. Paul needs to start gutting the language of every single bill that enters the House.

Keep digging. Digg @ 92 - just made popular

On October 31st, 2009 Michael Nystrom says:

This was made popular 4 minutes ago.

Keep digging & it will go viral
http://digg.com/politics/...

They Must Learn To Fear Us

On October 31st, 2009 sheldonwaxman says:

Nothing less will work.

Sheldon Waxman
sheldonw72@gmail.com
www.independentcontractor...

They must learn to fear us

On October 31st, 2009 man fading says:

They will never fear us because we keep patronizing their services. Until we learn to step out of their mechanisms we will be enslaved by them.

Rev 18:4 And I heard another voice from the heaven saying, “Come out of her, my people, lest you share in her sins, and lest you receive of her plagues.

~I'd rather die at the hands of terrorism than enslaved by my own government.~

Words Don't Work

On October 31st, 2009 sheldonwaxman says:

Not surprised by this. This is the way they work. Read my book, "In The Teeth Of The Wind--A Study of Power and How To Fight It". But thereafter, the judiciary became so corrupt that you can't get relief from them.

Now the political/electoral system is completely shot and people are still talking stupidly about "conservative" and "liberal" and "right" and "left", which are all meaningless words. You are either for big government or for limited government. For slavery or for freedom. That's it. Democratic/Republican mean nothing. Ron only ran on the Republican ticket because he knew he would get more attention. He was a previous LP nominee and that's what he is--- a person who favors limited government and freedom

What's left. Two big Mass Demonstrations. One in Washington and one in NY.

I'm talking about Millions of people.

I don't think this will work either and something more drastic will be necessary. At least the BIG demonstrations hasn't been tried. If these don't work there is no doubt that a resort to milita and to arms will be required.

The masses are so stupid--they keep playing their game. There appears to be only a small number of individualistic Americans.

I am not optimistic for the future. The next wave of depression is inevitable. Spending must be stopped and the dollar strengthened--even if it means a default on our bonds. Or they stop paying interest.

All of the debt must be forgiven so that we can start over.

Sheldon Waxman
sheldonw72@gmail.com
www.independentcontractor...

>:(

On October 31st, 2009 pil45 says:

if Ron Paul has had time to comment on the removed provisions... where's the angry statement from "Big Balls" Grayson?
We need some of these Democrat co-sponsors to show some anger too!
****************************************
I'd rather have a bottle in front of me than a frontal lobotomy

Screw an Audit, Let's Just end it.....

On October 31st, 2009 bravoseis says:

This just goes to show that the Fed holds entirely too much power.....it is unconstitutional, tyrannical and dangerous and must be ended.....we need to ramp up our energy to organize and promote these End the Fed protests they need to be huge and loud.....I'm afraid of what the reprecussions from this action are going to be but I think that they have shown blatant and disrespectful disregard for our concerns about the financial state of OUR REPUBLIC!!!!! END THE FED!!!!!END THE FED!!!!!!!!

Is life so dear or peace so sweet as to be purchased at the price of chains and slavery? Forbid it, Almighty God. I know not what course others may take, but as for me, give me liberty or give me death.”
– Patrick Henry, speech to the Virginia Convention

We should continue our focus

On October 31st, 2009 knowmore says:

We should continue our focus on auditing the fed. If we can't get it audited when 75% of the people and 308 cosponsors supporting the bill, how can we end the fed? Changing the focus doesn't help.

So, does anybody still think

On October 31st, 2009 docholladay says:

So, does anybody still think we can change all this by "voting" or peaceful protest? The den of vipers in D.C. won't stop until they ARE stopped. I know a couple of FEMA camps that would be a perfect place to transfer every g.d. of them effective immediately.

Ron Paul is my President~

Doc Holladay
Nashville, TN
http://www.myspace.com/do...

Sadly, most folks still do

On October 31st, 2009 paul4won says:

I don't know why people won't just quit paying their bills. EVERYONE can do that. Refuse to use the stupid currency. Offer to work any other form of payment they like, but refuse to trade in FRNs. If we picked a day, educated the masses, and did it en masse... even a tiny percentage would ripple through their toy economy.

i feel like i've been punched in the gut - hard!

On October 31st, 2009 sunny says:

...just watched jive's video ~ great video jive ~ really ~ thanks!

so WHAT IS THE AMENDMENT that ron has introduced?

i don't see it anywhere!

Ron Paul is my President

Figures.

On October 31st, 2009 MW says:

I've been wondering why things were so quiet this week. Like many others I was expecting this.

Soooo, anyone still think peace is going to miraculously fix this mess?

"Let them hate so long as they fear." ~Lucius Accius~

The enemy is playing for time

On October 31st, 2009 Jo Day says:

Seems to me the enemy is playing for time. All they have to do is keep putting these kinds of stumbling blocks in the way, whilst concurrently continuing the agenda. That way, if they're lucky, by the time Ron Paul's bill is finally voted on, it'll be too late anyway. The damage will be done.

I agree with the commenter who said words to the effect that it is impossible to win when playing by the rules which the enemy dictates.