In this Audit the Fed update, Dr. Paul explains what is happening with HR 1207 in the Monetary Policy Subcommittee, describes his plan to protect 1207 in the full Financial Services Committee, and provides ideas on actions we can take to keep Audit the Fed from being watered down.
"WE the People, the CITIZEN LEGISLATORS", must not allow this connected Dumb-O-crat to SKUTTLE this important Legislation!
Keep Up the Good Fight!!
Posted 10/31/09 10:08 PM robertwerden Liberty Hill, TX
Ron, 308 cosponsors did not sign on to a bill that is gutted. This is war.
I know your a polite man, but it is time to take the gloves off. This is the most import legislation in our countries history. Exposing the criminals at the fed is the only way we can take our country back and end the drunken sailor spending.
Give us our orders! we are Ron Paul, resistance is futile.
We are the Ron Paul collective
Posted 11/01/09 12:01 AM TrentonJames Eau Claire, WI
Grayson is a superstar, he'll put 1207 before the party line. Likely in no uncertain terms, loudly, repeatedly. Just to be sure I sent him a love letter. Should be an interesting week.
When I read the article where Ron Paul described 1207 as "gutted" last night, I was angry and discouraged. Then, I see this video of Ron Paul very calm and calculating looking toward the next step. It's amazing to see how he keeps looking at the positive, he doesn't blame and bash his political enemies like Mel Watt. We have our next job, pressuring our reps and Barney Frank to keep the original language in the bill. I like his point that the idea of sound money and lifting the veil on the Fed is bigger than 1207, and the more debate we have about 1207, the more people who are going to wake up and have to take a side.
Posted 11/01/09 12:56 AM mysticgeek Pelican Rapids, MN
Wow...this will be an uphill battle indeed! Of course they would try to slip in some 6 month BS clause to gut the entire thing... then they would all campaign on how "tough" they are in dealing with the Fed.
We need to stay positive without a doubt! Ron is doing everything he can and so should we.
We need Gold and Silver as legal tender. Even if Congress fails to audit the Fed we may be able to avoid being trapped with an international fiat currency.
We get to replace the House of Representatives next year. If we can get 220 liberty minded, limited government, fiscal conservatives elected to Congress they may be inclined to elect Dr. Paul as Speaker of the House. As Speaker his years of experience in Congress would prove most valuable.
A mob is a reactive force and mob democracy often makes monsters of the minority leaving them tyrannized if not terrorized. But in a democratic republic the angry mob must work together to create a viable and popular electorate that sends its representatives to Congress. The Congress re-presents the public (formerly a mere mob). The House of Representatives is the public's part of the re-public.
Is the day near that Jefferson, Franklin and Madison and friends imagined when they penned the Constitution? It gives people a democratic option every two years where the fire of mob anger and disgust can be used to temper the forces of the republic through the electoral processes.
Can it work? Will it work? Too often it has failed when we have taken the easy way by rejecting incumbents or the party in power. If we don't want a simple minded republic then we need to make principled and informed choices.
Anyone know David Scott's direct email??; I clicked the "Email Congressman David Scott" link, but I keep getting redirected to a search to find MY representative—I don't live in his district.
Posted 11/01/09 07:36 AM Electrichead Cedar Hill, TX
I thought a while back we had enough votes to force this out of committee. Why don't we do that?
In the mean time, I sent one to Alan:
---------------------------
Congressman Grayson,
I have been watching you with interest concerning the fight for transparency within the Federal Reserve. I believe you are a tenacious fighter with regards to finding out where all of that bail-out money went, and I enjoy watching you grill the Federal Reserve members who come before the Financial Services Committee for questioning.
Although I do not live in your district, I am sending this email because I believe the integrity of HR. 1207 may be in jeopardy. I will tell you what I like about the bill: It is refreshingly simple and specific; it enjoys bipartisan support which can actually be deemed both beneficial to our nation's wealth AND Constitutional (rare, indeed); and it digs deep into the inner-workings of the Federal Reserve (an organization which Congressman Dennis Kucinich once accurately described as being "neither 'Federal' nor is it a 'reserve'"). If we are to restore worldwide confidence in our money, there must be accountability for our money.
I believe that the audit called for in HR 1207 is in danger of being "watered-down" in order to protect certain interests. I'm concerned that the amended version that finally makes it to the floor for a vote will look nothing like the original bill. As you are a member of the Financial Services Committee, you must not back down; anything less than a thorough auditing of the Federal Reserve is unacceptable. Keep up the good work in the fight for Federal Reserve transparency!
Please speak with your fellow members of the Financial Services Committee and inform them of the importance of this bill being passed as-is.
RP is calm, cool and collected. Always positive. Just consistant and dedicated to defending our liberty no matter what. Thank you Dr. Paul. You are this country's great treasure. please run in 2012. We NEED you! Thankyou for all you do for us! We love you.
Posted 11/01/09 2:19 PM VictimOfFeds San Clemente, CA
Wow! The dollar may not last another year? Clearly it's going to collapse, but that's very soon!
What's the deal? Grayson & Sherman both come from districts where the people are 'mad as a hatter' about the conduct of the Fed in recent years. These people are firmly in the HR1207 camp. I would go after the dems that are on the fence in the hopes they might tip toward full audit a la HR1207.
Mel Watt may come from the most Gerrymandered district I've ever seen. It's a thin strip designed to include Winston Salem, Charlotte, and parts of Greensboro.
I doubt we'll influence him, but we need a full court - yet courteous - press on the 13 democrats on the committee signed onto the bill as well as the republicans on the committee. We'll have to hold everyone of those cosponsors to the liberty line.
With all the cosponsors for HR 1207, why hasnt it been brought up in Congress at all?
(By the way, other than Federal Reserve transparency... Grayson might as well be Ron Pauls opposite as a pro Statist/big government and socialized medicine fan)
I don't want to rain on anyone's parade, but don't contact representatives about legislation if you aren't from their district. It's wasted effort. You can't vote for them, so they don't care what you want. They're not obligated to read anything you write, and they don't. Lew Rockwell wrote about this on the LRC blog recently.
I know guys like Rush Limbaugh sometimes tell their listeners to jam the switchboards at a certain representative's office... But he's a blow hard. He's not interested in the way the legislative process actually works, he just wants publicity.
@soulglojesus
Because the leadership in Congress doesn't want it to be brought to the floor on its own merits. They oppose it, but it would be political suicide to vote against it. They want to water it down and try to appease everyone, so they're tinkering around with it in committee. This is how most legislation works, unfortunately. Congress has the Constitutional power to make its own rules and procedures on how to vote on legislation.
brentroos, I don't think you understand how the government works. If it weren't for the Federal Reserve printing all the money for these entitlement programs, they wouldn't exist. Universal healthcare wouldn't even be an option if the Fed wasn't allowed to print money out of thin air. Exposing the Fed is the first step in taking our country back, which is why C4L is so passionate about it. You should really read the "End the Fed" book that you won from the petition contest. It explains how the Fed has ruined our monetary system and allowed the government to become so corrupt. You are correct in pointing out that there are other issues out there right now, but auditing the Fed is priority number one because of how much control they have. Can you tell me when and how the Fed was audited since you claim it has already been audited? I'm sure it wasn't a full audit that HR1207 is pushing for. You are a member for Campaign for Liberty and Ron Paul's main objective since he became a politician was protecting the citizens' fruits of labor. History has shown that all empires try to control the people through the monetary system. Like I said, if you read the "End the Fed" book that you won from the petition contest, you will understand why auditing the fed is this organization's number one priority right now. You must have thought this was important since you gathered over 1000 petitions for it.
If I'm not mistaken, I haven't read anyone citing Alex Jones on this website as credible information. He is a radio host. Granted, he has a lot of proof to back up what he says, but in the end, he is an entertainer with millions of listeners. There are a lot of people who talk about possibilities and consequences of government policies, which could be spun to say they are talking about conspiracy theories. But, saying healthcare will kill off the old people is a conspiracy theory. Saying the Fed prints money out of thin air to pay for all this government crap is a conspiracy theory. I wouldn't be throwing those words around if I were you because anything that doesn't tow the government line is a conspiracy theory.
Alan Grayson is a progressive liberal, but we need to work on both sides of the aisle. We need to work with everyone and anyone who is willing to fight against the establishment. Alan Grayson did a great job exposing corruption on no-bid government contracts a while back. He does a lot of good for this country whether you believe in his views or not. I certainly don't agree with socialism or most of Grayson's views, but I agree with some of the things he fights for. Just because someone isn't 100% with you on every issue does not mean you need to consider them the enemy. You have a lot to learn about politics.
Also, you are reading too much into other people's comments. No one claimed to be speaking for you.
I don't know who you think you are to be dictating what issues C4L should and shouldn't be fighting for. Fight for what you believe in. If healthcare is more of a concern to you, then fight for that. You don't have to change the direction of the organization to do what you want.
can we get the exact date of the vote on 1207 by the subcommitee and the names of the people on that commitee. then we can call them a few days before the vote and keep the pressure on.
1207 is intended to open eyes to the mischief and intrigue that has been wielded by an unconstitutional organization in the name of the American people.
exactly brentroos. End the Fed? and have monetary policy dicated by Congress? No thanks. And sorry, after the posts on this chain and many of the other Fed related posts, 90% of those posting have no idea what the Fed does or means to the economy. .
Brentroos said: "Can anybody answer the following question please? What will happen if we "end the Fed?" Will the federal government take over the central banking system?"
I actually think this is a very good criticism of the C4L misguided "End the Fed" campaign, for ending the Fed is of secondary importance to what comes in its place.
The problem with the Fed is that it is a non-free market institution. The problem is our government run quasi-market banking system; Central Banking! Very few people understand the “End The Fed” message, for they don’t understand what this campaign is advocating for in its place, i.e., a free market banking system.
I don’t like this freedom by stealth or by deception. Like the HR1207. As far as I’m concerned, it’s a worthless bill that probably would end up giving the government even more power over the banking system. What do you think the Socialists who have cosponsored this bill are aiming for?
Here is a rule of thumb: If socialists like the bill, you are heading in the wrong direction!
But anyhow, I think the system is simply incompatible with individual freedom. Using the Democratic process is futile. The Democratic process itself is a political tool for collectivism. I'm sorry, but you just can't reform the system!
If the Democratic process is futile, what do you propose instead?
Posted 11/02/09 10:55 PM BrendonDeMeo North Chelmsford, MA
@ brentroos - Ending the Fed would severely hamper the ability of the government to finance those socialist programs, as well as the interventionist foreign policy. In fact, the Fed is the achillies heel, that's why we're attacking it. This is because the Fed allows for fractional reserve banking, and because congress is not accountable at the moment. The Constitution put Congress in charge of money so that it could take the heat for its decisions.
Secondly, C4L can only do so much. Ending the Fed is one thing, but we have to work with state governments to set up replacement currencies, or do what Western Mass. is doing - creating a private currency called "Berkshares."
Lastly brent, if the Fed is ended then no, the Fed will not be nationalized. It'll be ended - C4L supports ending the Fed, not nationalizing it. Nationalizing it is like curing someone's pneumonia and giving them cancer to replace it.
If you Wikipedia the Federal Reserve, the word "audit" does not show up once in the entire document. We need to get a section added on there for auditing the Fed.
If you Wikipedia the Federal Reserve, the word "audit" does not show up once in the entire document. We need to get a section added on there for auditing the Fed.
"If the Democratic process is futile, what do you propose instead? "
The same as I propose for health care, and for money, and for everything else; a voluntary society, a free market! You will never have a true free society if you accept the premise that a coercive monopoly is required to enforce law and order.
If you believe that one man does not have the right to initiate physical force against another, and that a man does not have a right to another man’s property or life, then Democracy is NOT compatible with your ideals.
Yesterday I was able to access the links to reps...but today I get the warning:
This Connection is Untrusted
You have asked Firefox to connect
securely to forms.house.gov, but we can't confirm that your connection is secure.
Normally, when you try to connect securely,
sites will present trusted identification to prove that you are
going to the right place. However, this site's identity can't be verified.
What Should I Do?
If you usually connect to
this site without problems, this error could mean that someone is
trying to impersonate the site, and you shouldn't continue.
Don't hold your breath on Grayson. There was another "loud, liberal" from Florida named Wexler.
-----Florida - Rep. Robert Wexler (D-Fla.) plans to resign from Congress to "take a public policy job that deals with the Middle East," according to the Palm Beach Sun-Sentinel.---
Some people are only in it for the money. Hopefully Grayson is a man of character, but....
Posted 11/03/09 4:23 PM t3konline East Dereham, United Kingdom
Forgive my ignorance i'm from the other side of the pond.
Your HR1207 has to go though many hurdles and obstacles (RP 4:30-5:15) and rightly so!
Should it be rushed through (patriot, bailout) without being first chewed, swallowed and digested?
You wouldn't sign your name without first reading what your are signing for, would you now?
Heavens above! The FED wouldn't want to sign its own death warrant that would be incompetent.
I agree that this is vitally important. One can only hope that Paul can keep up the perseverance and political ell-bowing to expose the FED. I'm still somewhat doubtful it can be achieved but if everyone pulls their resources together, it's possible. Either way it's the right cause!
da521 and larry101... you are missing the point and entering fantasy into reality. There is the fantasy of a free market, which we do not have and cannot have if people sit around and philosophize and do nothing. Well, if you want to do nothing, that is on you. The reality is the Fed exists and must be audited, slowed down, and brought to an end in order to get traction here.
This is the process we are undertaking! It starts with a bill.
And the other fantasy, that Congress will have control and we will be doomed. The Fed is not under our direct watchful eye. The Congress is, and if it screws up, there is hell to pay.
And yet another fantasy, that somehow you can discard the Constitution, which gives Congress the authority it needs, so no point fantasizing otherwise.
And finally, READ THE BOOK! End the Fed covers all banter I have seen here. Ending the fed and relinquishing the dollar to free market forces is not so hard.
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty."
—Thomas Jefferson
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