A Senate amendment based on Congressman Ron Paul’s successful House bill to audit the Federal Reserve was blocked by the Senate yesterday evening on procedural grounds, as Jim DeMint slammed the Fed for refusing to disclose where trillions in bailout funds had gone, while a top Obama administration advisor called for a second “stimulus” package to be prepared.
Republican Senator DeMint had attempted to get a provision attached to the 2010 spending bill that would have removed restrictions on auditing the Fed’s discount window operations, funding facilities, open market operations and agreements with foreign central banks and governments.
However, the amendment was blocked by Senate authorities who claimed that it violated rules for provisions attached to spending bills.
Of course, when the elite want to get their own legislation rammed through, such as the recent climate bill in the House, it’s perfectly fine for Congressmembers to be prevented from even reading it, for it to have 300 pages added at 3am in the morning before the vote, and for all kinds of pork barrel to be attached. But God forbid should representatives actually try to pass something that would benefit the American people and not the private bankers that are beyond all scrutiny and above the law.
DeMint said that the Fed has enjoyed a monopoly over money and credit in the United States since 1913 yet has never been transparent or accountable to Congress, while during that time the dollar has lost 95% of its purchasing power.
“The Federal Reserve will create and disburse trillions of dollars in response to our current financial crisis,” DeMint said. “Americans across the nation, regardless of their opinion on the bailout, want to know where the money has gone,” he added, referring to the Fed’s refusal to disclose where trillions in bailout funds has gone.
“Allowing the Fed to operate our nation’s monetary system in almost complete secrecy leads to abuse, inflation and a lower quality of life,” said DeMint.
A Reuters article about the Senate’s move to block the bill said that the Federal Reserve was “facing growing pressure as it tries to heal the ailing economy.”
In reality, the Federal Reserve has done nothing to “heal” the economy as unemployment outstrips expectations and the financial picture only looks bleaker every day. The private, run for profit Fed has taken trillions in “stimulus” funds and refused to even divulge where it has gone, even under threat of lawsuits file by Bloomberg.
Meanwhile, people like Ben Bernanke have committed financial terrorism by threatening an economic collapse if the Fed is allowed to be audited.
Any real audit of the Fed would of course create a giant roadblock for the Obama administration’s plans to launch a whole new program of looting and grand larceny in the guise of a second “stimulus” package.
“We should be planning on a contingency basis for a second round of stimulus,” Laura D’Andrea Tyson, a member of the panel advising President Barack Obama on tackling the economic crisis, said on Tuesday,” reports CNBC.
This is precisely why Senate authorities, bought and paid for by the private bankers that now own the United States, have blocked efforts to audit the Fed, because they know that the fallout will spell disaster for their place on the power peanut gallery and in turn end the ceaseless feasting at the trough of the battered, bruised and shaken-down American taxpayer.
Watch a clip of DeMint’s comments on the Senate floor yesterday.
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clear list or reset lists?
The wicked and wrong are many, and they will scorn those who speak the truth and ignore them and discredit them. it is unfortunate people won’t listen logic. Peter schiff and ron paul need to be hitting up every major media outlet out there…though I hear he is running for office soon…if he ever gets into a position of real power in DC maybe things would improve.
Kudos to Atlas and Simo…..
dollar’s is just slowly gonna bleed its value away. China already began to spent their dollar reserves backed by worthless treasury bonds, and so far announced building a largest iron ore stock in the world. In other words, they’ll exchange worthless dollars for TANGIBLE goods that actually affect our lives primarily. And then more and more countries will likely follow their lead, and eventually, dollars will end up back in the US. At that time, dollar would me as much worth as Obama’s booger, prices of commodities will be miles high, and the whole country will be in a chaos. Because at the end what is really more worth: $10 bill (that green paper you can use to sneeze into, wipe your kitchen top or your ass with, and fold into a small shirt that a Ken doll can wear) or 10 “Lifewaters” it can represent. Let’s see, wiping my ass, living another week, hmmm a toughie.
Politicians will just keep talking, and the only real thing that will happen have to come directly from the PEOPLE. the sooner, the better.
I am not an American, and I agree with Atlas. Americans are got to satisfied with everything being provided for them without any consequences. Now, many people live lavish lifestyles, drive expensive cars (with three more parked in a parkway), with no idea how to repay it. It’s exactly the same with the US government. All these bailouts caused nothing but enriched the chosen few on the top, “that are immune” to transparency. Pumping money with no intrinsic value is just creating a weaker dollar, and nothing of real value is being created, and that’s a FACT. All the “Doomsday” economist and politicians tend to be right at the end. Too bad they’re laughed at in the beginning. Peter Schiff and his book “Crash Proof” will give you a better idea. Shit, I forgot, PEOPLE DON”T READ these days. They’re too busy texting, and twittering about the size and shape of their morning shit. I wish real issues had as much primetime as Jackson after his death. But instead, US government reassures american people for over half a year now that the worst is over. WAKE THE FUCK UP!!!!!!! Unemployment rises every month, there are no jobs being created, and bailout money haven’t solved anything.
There’s a lot of dirt in the US (just think back some months, and read about the peanut salmonella outbreak and people behind them, “Sir” Allen Stanford, Bernie, the list goes on). Something big is about to happen, a major shift in a human society. People need to start caring, and realize that if they stop following the bad leaders they will fall.
I hope Ron Paul gets elected as the next president, he’s the only sober person with Peter Schiff, Jon Stewart, and Stephen Colbert. Come on Americans, make a change happen, but a change for you not the top 1%.
damn i feel yea
Americans became soft over the past 100 yrs , a bunch of fuckin pussys.
we havent had to bleed for our country inland and fight for actual good old fashioned freedom in such a long time NOBODY NOTICED IT BEING TAKEN AWAY.
yo wont see any rioting bro there isnt a single american that would get off its ass to go riot. TO MANY MOMS WITH KIDS AND KIDS THAT DONT CARE WHATS HAPPENING AROUND THEM AND THEY COULDNT CARELESS THEY ALREADY SAY BAA BBAAA LIKE SUM FUCKIN SHEEP
Ill tell u what its a huge conspiracy starting in 1913 or when ever the federal reserve figured out they werent being watched.
Pamela “Atlas” Geller began her publishing career at The New York Daily News and subsequently took over operation of The New York Observer as Associate Publisher. She left The Observer after the birth of her fourth child, but remained involved in various projects including American Associates, Ben Gurion University and being Senior Vice-President Strategic Planning and Performance Evaluation at The Brandeis School.
After 9/11, “Atlas” had the veil of oblivion violently lifted from her consciousness and immersed herself in the education and understanding of geopolitics, Islam, terror, foreign affairs and imminent threats the mainstream media and the government wouldn’t cover or discuss. To wit:
I am a student of history. Professionally, I have written 15 books in six languages, and have studied history all my life. I think there is something monumentally large afoot, and I do not believe it is just a banking crisis, or a mortgage crisis, or a credit crisis. Yes, these exist but they are merely single facets on a very large gemstone that is only now coming into a sharper focus.
Something of historic proportions is happening. I can sense it because I know how it feels, smells, what it looks like, and how people react to it… Yes, a perfect storm may be brewing, but there is something happening within our country that has been evolving for about 10 – 15 years. The pace has dramatically quickened in the past two.
We demanded and then codified into law the requirement that our banks make massive loans to people whom we knew could never pay back? Why? We learned recently that the Federal Reserve, which has little or no real oversight by anyone, has “loaned” two trillion dollars
(that is $2,000,000,000,000) over the past few months, but will not tell us to whom or why or disclose the terms. That is our money. Yours and mine. And that is three times the $700B we all argued about so strenuously just this past September.
Who has this money? Why do they have it? Why are the terms unavailable to us? Who asked for it? Who authorized it? I thought this was a government of “We the People,” who loaned our powers to our elected leaders. Apparently not.
We have spent two or more decades intentionally de-industrializing our economy. Why?
We have intentionally dumbed down our schools, ignored our history, and no longer teach our founding documents, why we are exceptional, and why we are worth preserving. Students by and large cannot write, think critically, read, or articulate. Parents are not revolting, teachers are not picketing, school boards continue to back mediocrity. Why?
We have now established the precedent of protesting every close election (now violently in California over a proposition that is so controversial that it wants marriage to remain between one man and one woman. Did you ever think such a thing possible just a decade ago?). We have corrupted our sacred political process by allowing unelected judges to write laws that radically change our way of life, and then mainstream Marxist groups like ACORN and others to turn our voting system into a banana republic. To what purpose?
Now our mortgage industry is collapsing, housing prices are in free fall, major industries are failing, our banking system is on the verge of collapse, Social Security is nearly bankrupt, as is Medicare and our entire government. Our education system is worse than a joke (I teach college and know precisely what I am talking about.) The list is staggering in its length, breadth, and depth. It is potentially 1929 x 10. And we are at war with an enemy we cannot name for fear of offending people of the same religion who cannot wait to slit the throats of your children if they have the opportunity to do so.
And now we have elected a man no one knows anything about, who has never run so much as a Dairy Queen, let alone a town as big as Wasilla, Alaska. All of his associations and alliances are with real radicals in their chosen fields of employment, and everything we learn about him, drip by drip, is unsettling if not downright scary (Surely you have heard him speak about his idea to create and fund a mandatory civilian defense force stronger than our military for use inside our borders? No? Oh, of course. The media would never play that for you over and over and then demand he answer it. Sarah Palin’s pregnant daughter and $150,000 wardrobe is more important.)
Mr. Obama’s winning platform can be boiled down to one word: Change…radical change. Why?
I have never been so afraid for my country and for my children as I am now. This man campaigned on bringing people together, something he has never, ever done in his professional life. In my assessment, Obama will divide us along philosophical lines, push us apart, and then try to realign the pieces into a new and different power structure.
Change is indeed coming. And when it comes, you will never see the same nation again. And that is only the beginning.
I thought I would never be able to experience what the ordinary, moral German felt in the mid-1930s. In those times, the savior was a former smooth-talking rabble-rouser from the streets, about whom the average German knew next to nothing. What they did know was that he was associated with groups that shouted, shoved, and pushed around people with whom they disagreed; he edged his way onto the political stage through great oratory and promises. Economic times were tough, people were losing jobs, and he was a great speaker. And he smiled and waved a lot. And people, even newspapers, were afraid to speak out for fear that his “brown shirts” would bully them into submission.
And then he was duly elected to office, with a full-throttled economic crisis at hand [the Great Depression]. Slowly but surely he seized the controls of government power, department by department, person by person, bureaucracy by bureaucracy. The kids joined a Youth Movement in his name, where they were taught what to think. How did he get the people on his side? He did it promising jobs to the jobless, money to the moneyless, and goodies for the military-industrial complex. He did it by indoctrinating the children, advocating gun control, health care for all, better wages, better jobs, and promising to re-instill pride once again in the country, across Europe, and across the world.
He did it with a compliant media – Did you know that? And he did this all in the name of justice and…change. And the people surely got what they voted for. (Look it up if you think I am exaggerating.) Read your history books. Many people objected in 1933 and were shouted down, called names, laughed at, and made fun of. When Winston Churchill pointed out the obvious in the late 1930s while seated in the House of Lords in England (he was not yet Prime Minister), he was booed into his seat and called a crazy troublemaker. He was right, though.
Don’t forget that Germany was the most educated, cultured country in Europe. It was full of music, art, museums, hospitals, laboratories, and universities. And in less than six years – a shorter time span than just two terms of the U. S. presidency – it was rounding up its own citizens, killing others, abrogating its laws, turning children against parents, and neighbors against neighbors. All with the best of intentions, of course. The road to Hell is paved with them.
As a practical thinker, one not overly prone to emotional decisions, I have a choice: I can either believe what the objective pieces of evidence tell me (even if they make me cringe with disgust); I can believe what history is shouting to me from across the chasm of seven decades; or I can hope I am wrong, close my eyes, have another latte and ignore what is transpiring around me.
Some people scoff at me; others laugh or think I am foolish, naive, or both. Perhaps I am. But I have never been afraid to look people in the eye and tell them exactly what I believe – and why I believe it. I pray I am wrong. But, I do not think I am.