Marc Faber On CNBC 8/3/2010

Ron Paul Questions Ben Shalom Bernanke 7/22/2010

Meltup

Ron Paul On Fox Business 5/13/10

C4L Press Release On Audit The Fed

Full Fed Audit Amendment Voted Down in Senate



Washington, D.C., May 11, 2010 - Today, the U.S. Senate voted 62 to 37 against an amendment to allow greater transparency at the Federal Reserve.

This amendment was introduced to counter a weaker amendment that would have required only a one time audit just of Fed emergency programs. The new amendment was similar to the original H.R. 1207 audit bill introduced by Congressman Ron Paul and added to the House financial reform package.

"The Sanders Amendment is no substitute for a complete and thorough audit of the Fed," said John Tate, President of Campaign for Liberty. "With this vote, we now have a record of those who really want transparency and those who only pay lip-service to it while upholding the status quo."

If the entire financial regulation bill makes it out of the Senate, it heads to the House, where House Financial Services Committee Chairman Barney Frank will choose which version to move forward on.

“The Dodd bill itself is just another bad piece of legislation, which will benefit no one except the Fed and its friends at big banks,” said Tate. “It institutionalizes bailouts for banks and subsidizes risky financial decisions.”

"Despite what happens with the financial regulation bill, we will continue pushing Congress for an up or down vote on H.R. 1207, which is the only full audit to allow true transparency in our financial system.”

Audit The Fed Officially Gutted

I have yet to receive official word regarding this matter but the "Vitter Amendment" which to my understanding was a full audit of the fed was voted down 62-37.  To my knowledge this completely guts the audit and the broader language that was passed unanimously only provides an audit of a brief period of history and it is only one time.

Here is a  list of the marxist assholes who voted to protect the privately owned and operated Federal Reserve.


Grouped By Vote Position
YEAs ---37

Barrasso (R-WY)
Brownback (R-KS)
Bunning (R-KY)
Burr (R-NC)
Cantwell (D-WA)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Cornyn (R-TX)
Crapo (R-ID)
DeMint (R-SC)
Dorgan (D-ND)
Ensign (R-NV)
Enzi (R-WY)
Feingold (D-WI)
Graham (R-SC)
Grassley (R-IA)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Isakson (R-GA)
LeMieux (R-FL)
Lincoln (D-AR)
McCain (R-AZ)
Murkowski (R-AK)
Risch (R-ID)
Roberts (R-KS)
Sanders (I-VT)
Sessions (R-AL)
Shelby (R-AL)
Snowe (R-ME)
Thune (R-SD)
Vitter (R-LA)
Webb (D-VA)
Wicker (R-MS)
Wyden (D-OR)


NAYs ---62

Akaka (D-HI)
Alexander (R-TN)
Baucus (D-MT)
Bayh (D-IN)
Begich (D-AK)
Bennet (D-CO)
Bennett (R-UT)
Bingaman (D-NM)
Bond (R-MO)
Boxer (D-CA)
Brown (D-OH)
Brown (R-MA)
Burris (D-IL)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Corker (R-TN)
Dodd (D-CT)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Gregg (R-NH)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johanns (R-NE)
Johnson (D-SD)
Kaufman (D-DE)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
Lugar (R-IN)
McCaskill (D-MO)
McConnell (R-KY)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Schumer (D-NY)
Shaheen (D-NH)
Specter (D-PA)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Warner (D-VA)
Whitehouse (D-RI)
Not Voting - 1
Byrd (D-WV)

Grouped by Home State

Alabama:	Sessions (R-AL), Yea	Shelby (R-AL), Yea
Alaska:	Begich (D-AK), Nay	Murkowski (R-AK), Yea
Arizona:	Kyl (R-AZ), Nay	McCain (R-AZ), Yea
Arkansas:	Lincoln (D-AR), Yea	Pryor (D-AR), Nay
California:	Boxer (D-CA), Nay	Feinstein (D-CA), Nay
Colorado:	Bennet (D-CO), Nay	Udall (D-CO), Nay
Connecticut:	Dodd (D-CT), Nay	Lieberman (ID-CT), Nay
Delaware:	Carper (D-DE), Nay	Kaufman (D-DE), Nay
Florida:	LeMieux (R-FL), Yea	Nelson (D-FL), Nay
Georgia:	Chambliss (R-GA), Yea	Isakson (R-GA), Yea
Hawaii:	Akaka (D-HI), Nay	Inouye (D-HI), Nay
Idaho:	Crapo (R-ID), Yea	Risch (R-ID), Yea
Illinois:	Burris (D-IL), Nay	Durbin (D-IL), Nay
Indiana:	Bayh (D-IN), Nay	Lugar (R-IN), Nay
Iowa:	Grassley (R-IA), Yea	Harkin (D-IA), Nay
Kansas:	Brownback (R-KS), Yea	Roberts (R-KS), Yea
Kentucky:	Bunning (R-KY), Yea	McConnell (R-KY), Nay
Louisiana:	Landrieu (D-LA), Nay	Vitter (R-LA), Yea
Maine:	Collins (R-ME), Yea	Snowe (R-ME), Yea
Maryland:	Cardin (D-MD), Nay	Mikulski (D-MD), Nay
Massachusetts:	Brown (R-MA), Nay	Kerry (D-MA), Nay
Michigan:	Levin (D-MI), Nay	Stabenow (D-MI), Nay
Minnesota:	Franken (D-MN), Nay	Klobuchar (D-MN), Nay
Mississippi:	Cochran (R-MS), Yea	Wicker (R-MS), Yea
Missouri:	Bond (R-MO), Nay	McCaskill (D-MO), Nay
Montana:	Baucus (D-MT), Nay	Tester (D-MT), Nay
Nebraska:	Johanns (R-NE), Nay	Nelson (D-NE), Nay
Nevada:	Ensign (R-NV), Yea	Reid (D-NV), Nay
New Hampshire:	Gregg (R-NH), Nay	Shaheen (D-NH), Nay
New Jersey:	Lautenberg (D-NJ), Nay	Menendez (D-NJ), Nay
New Mexico:	Bingaman (D-NM), Nay	Udall (D-NM), Nay
New York:	Gillibrand (D-NY), Nay	Schumer (D-NY), Nay
North Carolina:	Burr (R-NC), Yea	Hagan (D-NC), Nay
North Dakota:	Conrad (D-ND), Nay	Dorgan (D-ND), Yea
Ohio:	Brown (D-OH), Nay	Voinovich (R-OH), Nay
Oklahoma:	Coburn (R-OK), Yea	Inhofe (R-OK), Yea
Oregon:	Merkley (D-OR), Nay	Wyden (D-OR), Yea
Pennsylvania:	Casey (D-PA), Nay	Specter (D-PA), Nay
Rhode Island:	Reed (D-RI), Nay	Whitehouse (D-RI), Nay
South Carolina:	DeMint (R-SC), Yea	Graham (R-SC), Yea
South Dakota:	Johnson (D-SD), Nay	Thune (R-SD), Yea
Tennessee:	Alexander (R-TN), Nay	Corker (R-TN), Nay
Texas:	Cornyn (R-TX), Yea	Hutchison (R-TX), Yea
Utah:	Bennett (R-UT), Nay	Hatch (R-UT), Yea
Vermont:	Leahy (D-VT), Nay	Sanders (I-VT), Yea
Virginia:	Warner (D-VA), Nay	Webb (D-VA), Yea
Washington:	Cantwell (D-WA), Yea	Murray (D-WA), Nay
West Virginia:	Byrd (D-WV), Not Voting	Rockefeller (D-WV), Nay
Wisconsin:	Feingold (D-WI), Yea	Kohl (D-WI), Nay
Wyoming:	Barrasso (R-WY), Yea	Enzi (R-WY), Yea

Dr. Ron Paul Discusses Greece On Fox News

Ron Paul On Fox Business 5/10/10

Billions Of Tax Dollars Headed To Greece

Source

 Where does it end? 100 billion? 1 trillion? 1 quadrillion? And yes America, this is your money, going to bail out Greece... Then Portugal... Then Ukraine....Then Dubai....Then Italy....Then Spain....Then Hungary....Then the Baltics...Then the UK....Then Japan... and by the time we have to bail ourselves out, there will be nothing left, except the Turbo Bernanke 3000 dry heaving with an empty ink cartridge and empty paper cart, while gold oz will be worth one quadrillion Benjamins (or is that Bernankes). In the meantime, as Erik Nielsen, who finally woke up, predicted, the final bailout cost of Greece alone will be €150 billion. So the IMF will do rookie mistake 101 and keep raising the bailout requirement incrementally, even as the depositor runs on Greek banks and the ongoing strikes and riots, destroy the country...But at least in the meantime the dollar will get devalued and Wells-JPM-BofA/REIT investors will be happy.
From the FT:

The International Monetary Fund is looking at raising its share of Greece’s financial rescue package by €10bn ($13.2bn) amid fears that the planned €45bn bail-out will fail to prevent the country’s debt crisis from spiralling out of control.

Stock markets on both sides of the Atlantic fell on Tuesday, with leading European indices suffering their heaviest falls of the year, after Standard & Poor’s cut Greece’s long-term credit rating to junk status. The struggling nation is the first eurozone member to have its debt downgraded to junk level.

Shares in Athens fell 6 per cent as banks plunged more than 9 per cent. Greek government bonds suffered further heavy falls on growing concern that the country may need to restructure its debts in spite of the proposed eurozone and IMF rescue. Portugal’s stock market was down nearly 5 per cent as Lisbon’s long-term credit ratings were also reduced to by two notches from A plus to A minus, reflecting the country’s weakening public finances.

Senior bankers and officials in Washington and Athens told the Financial Times that the IMF was in talks to increase its aid contribution by €10bn. The fund could make that sum available under a planned three-year loan, according to an Athens-based analyst familiar with the talks.

Investors and policy specialists said that expectations of the size of the three-year package in Washington policy circles had increased to at least €70bn. The EU has so far proposed to provide €30bn and the IMF €15bn. “The fund’s current ceiling for Greece is €25bn and the release of the extra amount is under discussion,” the analyst said. The IMF declined to comment on the size of the package.

Ron Paul On Foregoing Congressional Payraise

Ron Paul Vs. Ben Shalom Bernanke 4/14/2010

Ron Paul on Fox Business 4/19/2010

MSNBC Discuss The Federal Reserve

This video is obviously very basic and watered down, but the simple fact that they do a segment on the massive con of the "Federal Reserve".

Ron Paul v Ben Bernanke 1/29/10

Ron Paul On CNN 1/27/10

Ron Paul On Fox Business 1/27/10

Urgent Message From Campaign For Liberty

January 25, 2010


Dear Thomas,

After a full year of rope-a-done and refusing to have his Federal Reserve audited, Ben Bernanke is on the ropes and could be knocked out for re-nomination.

Campaign for Liberty activists are in the lead insisting "No Audit, No Bernanke."  Please immediately call Senator Kent Conrad and Senator Byron Dorgan at the numbers below and tell them (again, if you've already called) "No Audit, No Bernanke."

Here's what's going on:

Campaign for Liberty launced a nationwide fight against a bailout for Bernanke last week.  Now we are following it up with phones, email and banner ads targeting over a dozen swing-vote senators.

The Senate is boiling over with outrage about the Fed's abuse of the TARP program, bailouts, and money supply, as well as its refusal to submit to a full and complete audit.

Now is the time to deal the knockout blow!

Please call your senators at the numbers below and join in the fight:

Senator Kent Conrad: 202-224-2043
Senator Byron Dorgan: 202-224-2551

Tell them that Ben Bernanke must not be confirmed without an up or down roll call vote for Audit the Fed on the Senate floor.

This fight is really coming to a head, and the decision could will likely come in the next few days.  Please call now.

In liberty,

John Tate

P.S. Thanks to the efforts of patriots like you, Ben Bernanke's days of secrecy at the Federal Reserve may be numbered!

That's because his confirmation is being held up until the Senate votes on Audit the Fed.  Please call your senators at the numbers above and tell them plain and simple: "No Audit, No Bernanke."

Ron Paul On CNBC 1/25/10

Government Is Too Big To Succeed

Last week, the Financial Crisis Inquiry Commission kicked off their first round of hearings on the causes of the economic meltdown on Wall Street. The commission is being compared to the the Pecora Commission launched in 1932 to investigate the causes of the Great Depression. The Pecora commission is beloved by those who believe the solution to every problem is more laws because it was used to justify a number of new laws, including Glass-Steagall. Of course, none of those laws addressed the real causes of the Great Depression. It was the introduction of unsound monetary policy and central economic planning pursued by the Federal Reserve that really threw everything off balance. The Fed was founded in 1913 to stabilize the economy and prevent a recurrence of the short-lived Panic of 1907, but instead it promptly produced the Great Depression which lasted more than 15 years.

The Pecora Commission was stacked with big government sympathizers who blamed the free market and the gold standard without question, and without any consideration of government interference in the economy. This panel is no different. Never will they contemplate how government steered us into this crisis, and what perverse incentives can be removed or repealed so that the market will function more smoothly. Never will they discuss how investment should come from savings, not debt. Never will it occur to them that fiat money, artificially low interest rates and the whole Federal Reserve System might be unwise and unstable, not to mention unconstitutional. The answer will always be more government regulation and oversight. It is predictable that this government panel will eventually come to the firm conclusion that government needs to be bigger, and that the market is just too free.

How sad is this when exactly the opposite is true?

It is big government that gives out tax breaks to engineer behavior, often creating large pockets of malinvestments. It is government that created the FDIC and the Fed as lender of last resort which all encourages moral hazard. It is big government that gives bureaucrats the ability to bail out cronies with taxpayer dollars while screaming that the economic sky is falling if they don’t. It is big government that every year adds new layers to the already labyrinthine regulatory code that smaller businesses can’t keep up with while simultaneously preventing new businesses from emerging. It is big government that misdirects economic productivity into bankrupt businesses that they consider to be too big to fail.

If this panel was serious about understanding the root of the problem, as they claim to be, they would have people testify who understand the crisis and saw it coming. To my knowledge, none of them have received a phone call. The problem is those people would say too many things the government panel would find inconvenient. They would point fingers at too many of the state’s anointed. They would recommend getting government out of the way of the free market and getting back to simply protecting contracts and punishing fraud. But the biggest fraud is perpetrated by the Federal Reserve. No one on this panel takes that viewpoint seriously. Instead, they will be asking people who are still scratching their heads at how they could have missed the housing bubble what new regulations they can put in place to prevent future bubbles. Thus, I don’t expect much real wisdom to come out of this current investigation.

Government Is Too Big To Succeed

by Dr. Ron Paul

Last week, the Financial Crisis Inquiry Commission kicked off their first round of hearings on the causes of the economic meltdown on Wall Street. The commission is being compared to the the Pecora Commission launched in 1932 to investigate the causes of the Great Depression. The Pecora commission is beloved by those who believe the solution to every problem is more laws because it was used to justify a number of new laws, including Glass-Steagall. Of course, none of those laws addressed the real causes of the Great Depression. It was the introduction of unsound monetary policy and central economic planning pursued by the Federal Reserve that really threw everything off balance. The Fed was founded in 1913 to stabilize the economy and prevent a recurrence of the short-lived Panic of 1907, but instead it promptly produced the Great Depression which lasted more than 15 years.

The Pecora Commission was stacked with big government sympathizers who blamed the free market and the gold standard without question, and without any consideration of government interference in the economy. This panel is no different. Never will they contemplate how government steered us into this crisis, and what perverse incentives can be removed or repealed so that the market will function more smoothly. Never will they discuss how investment should come from savings, not debt. Never will it occur to them that fiat money, artificially low interest rates and the whole Federal Reserve System might be unwise and unstable, not to mention unconstitutional. The answer will always be more government regulation and oversight. It is predictable that this government panel will eventually come to the firm conclusion that government needs to be bigger, and that the market is just too free.

How sad is this when exactly the opposite is true?

It is big government that gives out tax breaks to engineer behavior, often creating large pockets of malinvestments. It is government that created the FDIC and the Fed as lender of last resort which all encourages moral hazard. It is big government that gives bureaucrats the ability to bail out cronies with taxpayer dollars while screaming that the economic sky is falling if they don’t. It is big government that every year adds new layers to the already labyrinthine regulatory code that smaller businesses can’t keep up with while simultaneously preventing new businesses from emerging. It is big government that misdirects economic productivity into bankrupt businesses that they consider to be too big to fail.

If this panel was serious about understanding the root of the problem, as they claim to be, they would have people testify who understand the crisis and saw it coming. To my knowledge, none of them have received a phone call. The problem is those people would say too many things the government panel would find inconvenient. They would point fingers at too many of the state’s anointed. They would recommend getting government out of the way of the free market and getting back to simply protecting contracts and punishing fraud. But the biggest fraud is perpetrated by the Federal Reserve. No one on this panel takes that viewpoint seriously. Instead, they will be asking people who are still scratching their heads at how they could have missed the housing bubble what new regulations they can put in place to prevent future bubbles. Thus, I don’t expect much real wisdom to come out of this current investigation.