Add me as a friend on Facebook! www.facebook.com Get DAILY GrowBy10 Updates on Twitter! twitter.com The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable. Ron Paul: Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, HR 833. Madame Speaker, I rise to introduce legislation to restore financial stability to America’s economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve’s inflationary policies. This represents a real, if hidden, tax imposed on the American people. From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble …
singledad1234
August 17, 2011 at 10:10 pm
IN the book THE WONDERFUL WIZARD OF OZ dorothy had SILVER SLIPPERS
that walked on the YELLOW BRICK ROAD
the Oz behind the curtain is THE FED END THE FED END THE FRAUD END THE LIES
central banks come right out of the TEN PLANKS OF THE COMMUNIST MANIFESTO
including THE PUBLIC PUKE free INDOCTRINATION centers
wake up wake up wake up END THE FED END THE FRAUD END THE LIES
DuffMan6I7
August 17, 2011 at 11:02 pm
@TheAntiFascist2010 i’m not a socialist, i’m not ANY “-ist”…. i don’t see the need to associate myself with any specific social hierarchy… i am a human being. if you must label me a “bleeding heart liberal” for giving a shit about the well-being of other human beings go ahead… but your unfeelingness to other people of the world astounds me. you easily lump them ALL as “lazy and stupid” if you truly believe that, then you are woefully naive.
you should grow a sense of humanity my friend.
TheAntiFascist2010
August 17, 2011 at 11:40 pm
@DuffMan6I7 Why is a relevant social hierarchy that delegates wealth and resources to the hardest working people bad? Socialism is what creates the mismatch. Capitalism left alone would fix all of the worlds problems but you can’t understand that because you don’t really know what a free market is without government regulation. You couldn’t live in a world without government. You are too scared that you would get beat up.
TheAntiFascist2010
August 18, 2011 at 12:36 am
@DuffMan6I7 Where else do lazy unintelligent people belong?? In my wallet right?? Oh, nevermind you socialist already put them there. It is nature, you will never beat it. Capitalism is most definitely the ONLY way to create a society. That is what freedom is. No way around it. As far as third world kids. That is why some have coined the phrase. “Bleeding Heart Liberal”. For some reason you don’t understand the phrase “hard work pays off” which means you can work your way up the ladder. RUTARD
DuffMan6I7
August 18, 2011 at 1:20 am
@TheAntiFascist2010 (Cont.)
walk in someone else’s shoes for a minute. if you were born into the extreme poverty that is often caused by global banks and massive corporations, i guarantee that you wouldn’t be singing the same tune… in the name of profit… all the manufacturing jobs that made america GREAT, are now in 3rd world countries, who’s governments are bribed to not interfere, while their people get paid less then a dollar a day.
tell me again why capitalism is good?
DuffMan6I7
August 18, 2011 at 1:30 am
@TheAntiFascist2010 “Lazy unintelligent people are forced to the bottom and remain there.” since when is this acceptable? the people on top flourish while 3rd world kids starve to death every fucking day?
I just said to you that THIS is the reason why capitalism is not the right way to create a society, and you just made my point.
“Now central banks and special interest is pulling the strings.” and why are they “pulling the strings?”.. for profit…
every day, PEOPLE are dying for profit.
TheAntiFascist2010
August 18, 2011 at 2:12 am
@DuffMan6I7 In Free Market Capitalism only hard working intelligent people see the top of any market. Lazy unintelligent people are forced to the bottom and remain there. In Socialism, any one can be put anywhere and get things for nothing. Like welfare. A perfect example of people getting something for nothing. Socialism is the greatest evil it hides inside liberalism and spawns fascism.
TheAntiFascist2010
August 18, 2011 at 2:19 am
@DuffMan6I7 Free market capitalism is good because it has inhibitors built in that don’t allow stupid individuals to succeed and gain wealth. Socialism has no built in mechanism to aid in purging the market of bad seeds.
TheAntiFascist2010
August 18, 2011 at 2:45 am
@DuffMan6I7 it isn’t capitalism run amuck. it is capitalism perverted by socialism. In capitalism building and selling weapons can be a vital business. Add socialism and the government tries to regulate everything and then you have wars between corporations because the free market no longer controls the resources. Now central banks and special interest is pulling the strings.
DuffMan6I7
August 18, 2011 at 2:50 am
@TheAntiFascist2010 yes, but the problem is that our government is giving WAY more tax money to the department of defense then ANY other single branch.
i wouldn’t have a problem with paying taxes if they weren’t mostly being used to fund the “military industrial complex”. this is not a conspiracy theory… this is capitalism run amuck.
we have the strongest military in the world, but many americans can’t afford healthcare. this system isn’t working for a LOT of people… so we need to fix it.
TheAntiFascist2010
August 18, 2011 at 2:56 am
@DuffMan6I7 Actually the government works for you! There is no price of citizenship. Why would you pay money to exist. Taxes, and this is constitutional, exist only to help the public with needs that have to be met like roads, environmental laws and military.
PressForFreedom
August 18, 2011 at 2:59 am
@datruth170 Yeah I predict special drawing rights backed by some form of quasi gold standard… but who knows…
datruth170
August 18, 2011 at 3:43 am
@PressForFreedom the world fed you speak of is already in place its all the imf..international monetary funds
IngridCameron
August 18, 2011 at 3:55 am
I have seen great sites that have listed great money making methods that don’t work. And then I found the technique at ez-casino(dot)com that gives me $60 a day continuously.
stephenabm
August 18, 2011 at 4:00 am
End the Fed!
DuffMan6I7
August 18, 2011 at 4:48 am
until the 1930’s our dollar was backed by the gold standard, but currently our dollar is not backed by anything, meaning that unlimited amounts of it can be created out of thin air, without any physical commodity to back it up.
we are being enslaved by the FED and the IRS, so we can continue to pay the MASSIVE bills that our government has.
call me crazy, but if paying taxes is the “price of citizenship” as people like to say, WHY do alot of us go without education and health insurance?
usagill
August 18, 2011 at 4:51 am
Stop the Fed they are criminals. Stop the Fed they are criminals. Stop the Fed they are criminals. Stop the Fed they are criminals. Stop the Fed they are criminals. Stop the Fed they are criminals. Stop the Fed they are criminals. Stop the Fed they are criminals. They funded Hitler, Stalin, Mussolini, Pol Pot, Mexican Mafia, Al Quada, Kill the Fed, Kill the Fed
11DonkeyBalls
August 18, 2011 at 4:59 am
Don’t back the money with precious metal, it is unnecessary. You can just as easily use Hemp to print and back the money. It is inadvisable to use a rare resource as a backing because it is way too easy to control a rare commodity than it is to control an abundant commodity.
raiden241
August 18, 2011 at 5:20 am
United we stand devided we fall we need to demand change for a better future for our children if not they will be tax slaves to these thugs!!!!
Dre4dwolf
August 18, 2011 at 5:25 am
So the president wants to give the banks the power to regulate their fraud, so that the fraud can be more organized, sounds like they are scared that certain branches are over-exploiting the fraudulent system, and that its destabilizing the larger fraud threatening the fraud from existing for much longer.
(Sucking the cash cow dry), I say we abolish the entire thing and make a non-for-profit banking system backed by gold/silver.
prettybettyb
August 18, 2011 at 5:46 am
auditing the fed will expose the zionism at foot. Isreal will then have no allies and be open season for Iran. Ohhh there sweating now pandoras box is gonna open up
AmTickProductions
August 18, 2011 at 6:19 am
the fed has STRONG ties to the owners of the world, and thus the UN… man, i hope that this doesnt lead to the ultimate SHTF situation! but it looks and smells like it will…
its time to start mentally preparing for whatever is going to happen to actually happen…
mecarrico
August 18, 2011 at 6:52 am
End the FEDDD!!!
genesistwoeighteen
August 18, 2011 at 6:56 am
Deuteronomy 28 if it comes to pass that you(nation) does not hear my voice and obey my commands then cursed you will be, 43 the stranger that is in your midst will rise high above you he will lend to you and you will not lend to him he will be the head and you will be the tail.
Is 24 a curse consumes the earth they have forsaken the everlasting covenant(Deut 28)
The NWO is Babylon and a curse to the nations
Habakkuk 1:5-6 look among the nations i am raising up the Babylonians
genesistwoeighteen
August 18, 2011 at 7:45 am
Habakkuk 2:6-8 NIV will not your debtors arise? Will they not wake up and you will be their victim? Because you have plundered the nations.
Revelatins 18:1-2 an angel descended from heaven and he lightened the earth with his glory and he cried saying, “Fallen fallen is Babylon the great.”
Alex Jones calls it the great awakening.