[dselectronics]

HR 459, S202 - Message From Ron Paul: Audit The Fed Headed To The House Floor!


http://dailybail.com/home/hr-459-s20...ded-to-th.html

[lopaayd]

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THIS CONGRESS WILL NOT ALLOW ANY SUCH THING.

[salomal-qask]

Good, I hope it passes.

[LarpBulaBus]

Election yr stunt...... thanks Paul

[StampNews]

Election yr stunt...... thanks Paul

If it is, we need more of them..

[OQmYckYz]

Wont go anywhere. and when push comes to shove they will back down.....thought they alrdy struck deal with FEd anyways on just partial audit or some damn thing.....simply assume the worst and you probably still wont be close to true theft.

[Michaelnewerb]

Wont go anywhere. and when push comes to shove they will back down.... I know.. And it's not just the fed. They back down on most everything of importance.

I'm getting fucking sick of it.. It's a song and dance I've watched for most of my life.

Reagan got more done with a Democrat's in congress.. and Newt got more done with a Democrat President, than I think any of them are willing to do now..

I'm just sick of the whole fucking thing.. It's like congressional theater up there.

[klnbgqr]

Another amusing incident arose from the fact that the Reichsbank maintained a not inconsiderable gold deposit in the Federal Reserve Bank in New York. Strong was proud to be able to show us the vaults which were situated in the deepest cellar of the building and remarked:

“Now, Herr Schacht, you shall see where the Reichsbank gold is kept.”

While the staff looked for the hiding place of the Reichsbank gold we went through the vaults. We waited several minutes: at length we were told: “Mr. Strong, we can’t find the Reichsbank gold.”

Strong was flabbergasted but I comforted him. “Never mind: I believe you when you say the gold is there. Even if it weren’t you are good for its replacement."

Shocking, isn’t it. Clearly, it is bad enough that the Reichsbank gold could not be found nor, according to Schacht’s account, did Strong offer to find it. But regardless whether it could not be located due to bad recordkeeping by the Federal Reserve or because the gold was not in the vault is not as significant as Schacht’s nonchalant response to what he astonishingly calls an “amusing incident”. Where is his outrage that the Reichsbank gold could not be located? Why is there no worry about the disposition of the gold and its safety? After all, as President of the Reichsbank, he had responsibility for all of its assets, of which gold is by far the most important.

What can we learn from this event? Schacht apparently considered friendship to other central bankers and his membership in their exclusive club to be a higher priority than his responsibility as guardian of a nation’s gold. http://www.goldmoney.com/gold-resear...-the-gold.html That was 1928, We dont have any gold

[Sleflanna]

That was 1928 I hear these stories and I don't know if I should believe them or not.. They're all over the internet.

One thing I do know is that an audit would resolve the issue.

[lookanddiscover]

Thats not a story..........thats fact..........people who have gold stored in vaults and were given bar codes are receiving bars with altogether different codes when they demand delivery.....cause theirs were sold and they were being robbed on storage fees for gold that wasnt there....and some have settled for cash when theirs couldnt be found.....

[drislerfottor]

I am all for the Fed being audited... and abolished if necessary.

[EtellaObtaite]

I am all for the Fed being audited... and abolished if necessary.

on that we agree

[NarhozNic]

You're sure about that?

I don't know if I'm dealing with gold bugs trying to sell me stuff, or what..

I never know about these things.. I see them a lot.

They never seem to go mainstream news.

I certainly don't see how an audit would hurt anything except perhaps our own line of commie credit..

[nvideoe]

All of that info has been reported in the press.....just not widely......

[Ekrbcbvh]

Well.. If it's true, then I guess it's just tough shit..

Unless Congress acts, there's nothing anyone can actually do to the FED.

They're completely independent. I think that's a completely insane idea, but they are.

Just stop buying treasuries, I guess.. Don't park anything there.

They're really kind of bullet proof.

What do you do to them?

The only option I see is to sue them and hope you win.

[searkibia]

You cut them out of the loop and print your own money like Constitution says.......they would implode under all the bad debt they have purchased.....and you would have a war no doubt unless you had assassinations first.

[xT0U3UGh]

Well.. If it's true, then I guess it's just tough shit..

Unless Congress acts, there's nothing anyone can actually do to the FED.

They're completely independent. I think that's a completely insane idea, but they are.

Just stop buying treasuries, I guess.. Don't park anything there.

They're really kind of bullet proof.

What do you do to them?

The only option I see is to sue them and hope you win.

If it were up to me, I'd confiscate all of their assets and expel the whole organization from the country.

[gooseCile]

Christian said that the LBMA -- the same market Maguire trades in -- has leverage of about 100-1 on the gold bars settled on the exchange. In layman's terms, that means if 100 clients requested their bullion bars be delivered, the exchange could only give one client the precious metal.

The remaining requests would have to be settled for cash equivalent. "That is tantamount to a default on the trade," says Bill Murphy, chairman of the Gold Antitrust Action committee.

Maguire goes further and calls it a fraud: "If you sell something you do not own, then that is fraud." http://www.nypost.com/p/news/busines...MK7mb1uJeVHb0O from 2010

[Marat]

I don't know if we really have enough credit out to be worth a war with the US..

China is a little over a Trillion bucks, I think..

You wanna get nuked for that?

The biggest problem might be domestic. Entitlements, subsidies.. Etc.

[lookanddiscover]

I don't know if we really have enough credit out to be worth a war with the US..

China is a little over a Trillion bucks, I think..

You wanna get nuked for that?

The biggest problem might be domestic. Entitlements, subsidies.. Etc.

I doubt China wants to get nuked anymore than we do.