Digg Dialogg is a system in which users submit questions to notable leaders and luminaries and vote on said questions to reveal which issues are most important within the community. In this episode, users submitted questions to Timothy Geithner.
Congressman Ron Paul has vowed that he will not be stopped in his effort to audit the Federal Reserve, as he slammed Senate authorities for blocking the bill earlier this week.
Appearing on Fox News’ Freedom Watch with Judge Napolitano Paul referred to Senate authorities blocking Jim DeMint’s attempt to attach the legislation, which already has 250 co-sponsors in the House, as a provision to a spending bill as a “facade”.
The amendment was blocked by Senate authorities on Monday after they claimed that it violated rules for provisions attached to spending bills.
“Technicalities are always ignored for things they want – this means they don’t want it and this is their organized effort now to stop us, but we’re not going to be stopped, it’s just going to energize everybody at the grass roots,” said the Congressman.
Paul said that it made no sense to give the Fed more power when they had already created the bubble that led to the economic collapse in the first place. The Obama administration’s new regulatory reform plan, which will officially hand the Federal Reserve complete dictatorial control over the U.S. economy, will give the Fed the authority to “regulate” and shut down any company whose activity it believes could threaten the economy and the markets.
Federal Reserve chairman Ben Bernanke unleashed an alarming veiled threat of financial terrorism when he was questioned by Rep. Duncan on Thursday about his response to the fact that a majority of Congress co-sponsoring Ron Paul’s H.R. 1207 bill to audit the Federal Reserve.
Bernanke clearly regarded the bill’s intent as hostile to the institution he represents:
“My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
Ben Bernanke speaks about the HR 1207 and it’s “destructive” potential.
The brunt of Bernanke’s statement is as crystal clear as a threat from a common street thug– back off from the Fed, or the economy gets it. The chairman clearly implies that any attempt to restore monetary powers constitutionally granted to the Congress would be seen as a “takeover” and that the defensive and “repudiated” Fed would respond destructively.
A glimpse of hope is emerging with the continued support, on both sides of the political spectrum, of the HR 1207 bill: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
Young Americans for Liberty: HR 1207
HR 1207 would put an end to this hide-and-seek nonsense. It would “amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.”
Rep. Ron Paul notes that only the Fed can inflate the currency and create new money out of thin air in secrecy without oversight or supervision. “Debasing a currency is counterfeiting,” Paul told Congress in February, 2008, “it steals value from every dollar earned or saved. “It robs the people and makes them poorer… it is the enemy of the working person. Inflation is the most vicious and regressive of all forms of taxation. It transfers wealth from the middle class to the privileged rich.”
HR 1207 would cast a laser light on this criminal process. “By opening all Fed operations to a GAO audit and calling for such an audit to be completed by the end of 2010, the Federal Reserve Transparency Act would achieve much-needed transparency of the Federal Reserve,” Paul explained earlier this year.
An audit would set the stage for the end of the Federal Reserve and a return of honest money and fiscal policies. The banksters behind the Fed understand this very well and that is why they have not only hired a PR wizard but also why they have attempted to subvert the End the Fed movement.
