Something suspicious: Audit The Fed Hearings

[squarepusher]

So, I as many of us here watched the hearings of Audit The Fed which has been Dr. Paul's issues he champions for a very long time now.

Anyways, I just heard that something like 300 / 400 votes are secured to pass this, so basically this seems like a slam dunk so far, but something in todays hears made me suspicious:

The fed appeared to put up no fight whatsoever. That weasel they send to basically get trampled on over after over today? He was as ineffective as the border fence on the USA/Mexico border.

So whats the deal? How come the Fed seemingly rolled over this morning? Something doesn't seem right that the most powerful people in the world just let themselves seemingly get K.O.'d today. Thoughts?

[Standing Like A Rock]

They've had time to prepare two sets of books?

[Dionysus]

Steal the money, crash the economy, use it as excuse to set up global financial conglomerate. They want global Federal Reserve.

[pcosmar]

Steal the money, crash the economy, use it as excuse to set up global financial conglomerate. They want global Federal Reserve.

Well.
It seems I am not the only one with this thought. :(

[squarepusher]

They've had time to prepare two sets of books?

i suspect this


Steal the money, crash the economy, use it as excuse to set up global financial conglomerate. They want global Federal Reserve.

perhaps, but if the audit goes through, and is surely to show horrid, horrid results, this would cast mistrust on the Fed, and any other body that would be created in the likeness of the Fed. So, essentially discrediting the Fed, discredits "global" Fed, which makes me think if this is the case they are likely shredding documents 24/7 now (notice where was Bernanke today?). Imagine that, printing press and shredders both going 24/7 ^_^

[LittleLightShining]

Well, it's likely that we're going to start really feeling inflation soon. What better way to discredit a man and a movement than to blame the inflation on the audit? Most people do not understand how it works. Hell, even people on the freakin committee were asking how the Fed works!

[klamath]

Wait people. HR1207 has not passed. Barney frank didn't even schedule a comittee vote.

Was this hearing, that did absolutely nothing, just a bone tossed to the 290 cosponsers and this will be the last we will ever hear about it? I am really starting to suspect Barney may set on it from now on.
He has that power.

[Mini-Me]

Unfortunately, people on this forum called the "cooking the books" thing long enough ago that I'm SURE the Fed hasn't overlooked that option. If they believe there's a chance of this being passed, I'd be shocked if they aren't doing exactly that. (For that matter, how do we really know they've EVER kept legit books...? Considering their secrecy and independence, couldn't they have very well been keeping fraudulent records since they first began in 1913?) If their supposed books make them look squeaky clean, we may call foul, but nobody is going to take us seriously. The public (and obviously the government and media) will consider it an open and shut case. After all, it's taken 100 years for us to even get this close to auditing the Fed...I don't see anyone letting us pursue the matter further or check anyone else's books to see if they match up with what the Fed is saying.

[awake]

Federal Reserve is so 2008, the IMF is where it's at. There is a good possibility they want the audit. Or can use it to their favor.The rage and the reaction from a full audit could allow the IMF to be the solution to police the evil U.S. Central Bank.

[erowe1]

I think a simple explanation is that they have reason to be confident that there will not be the votes to override a veto in the Senate.

[squarepusher]

Wait people. HR1207 has not passed. Barney frank didn't even schedule a comittee vote.

Was this hearing, that did absolutely nothing, just a bone tossed to the 290 cosponsers and this will be the last we will ever hear about it? I am really starting to suspect Barney may set on it from now on.
He has that power.

This could be true. Maybe Frank is paid off to never let it see the light of day.

[ctiger2]

You need to listen to Ron Paul's interview on Alex Jones yesterday. Ron explained, IIRC, that 6 Federal Reserve Reps that were supposed to be there bailed on the hearings. Their thinking was that the Fed didn't want all these potentially harmful videos showing up on the web everywhere. In other words, try to keep this as low profile as possible. So, they sent the 1 lawyer trained in doublespeak.

[sevin]

Federal Reserve is so 2008, the IMF is where it's at. There is a good possibility they want the audit. Or can use it to their favor.The rage and the reaction from a full audit could allow the IMF to be the solution to police the evil U.S. Central Bank.

That's what I'm afraid.


I think a simple explanation is that they have reason to be confident that there will not be the votes to override a veto in the Senate.

This seems more likely, though.

[eOs]

Steal the money, crash the economy, use it as excuse to set up global financial conglomerate. They want global Federal Reserve.

Exactly

[RevolutionSD]

Ok, call me dumb but I'm not understanding the purpose of this bill.

Who is doing the auditing? Barney Frank? Ron Paul? Some unknown congressional "committee"? It seems like having congress audit the fed is just one criminal organization investigating another.

Tell me where I'm wrong.

[LittleLightShining]

Ok, call me dumb but I'm not understanding the purpose of this bill.

Who is doing the auditing? Barney Frank? Ron Paul? Some unknown congressional "committee"? It seems like having congress audit the fed is just one criminal organization investigating another.

Tell me where I'm wrong.

The General Accountability Office (used to be the General Accounting Office) would conduct the audit.

[Eric Arthur Blair]

So, I as many of us here watched the hearings of Audit The Fed which has been Dr. Paul's issues he champions for a very long time now.

Anyways, I just heard that something like 300 / 400 votes are secured to pass this, so basically this seems like a slam dunk so far, but something in todays hears made me suspicious:

The fed appeared to put up no fight whatsoever. That weasel they send to basically get trampled on over after over today? He was as ineffective as the border fence on the USA/Mexico border.

So whats the deal? How come the Fed seemingly rolled over this morning? Something doesn't seem right that the most powerful people in the world just let themselves seemingly get K.O.'d today. Thoughts?

No one saw it. The elite that own the Federal reserve also own the media.

[raiha]

Has there been any MSM coverage at all? I live in another country.

[Romulus]

guys I'm afraid Frank will ignore this one from here on out...

[LittleLightShining]

guys I'm afraid Frank will ignore this one from here on out...

Well, we're going to have to keep up the pressure. Should we target Barney Frank or committee members?

[ScoutsHonor]

No one saw it. The elite that own the Federal reserve also own the media.

+1

These guys are professionals...they've got their own devious plan all worked out, no doubt in my mind.

[Bradley in DC]

Anyways, I just heard that something like 300 / 400 votes are secured to pass this, so basically this seems like a slam dunk so far.

Thoughts?

Your premise is faulty. No one expects the bill to come to the floor in its present form much less as an independent bill separately. Both Chairman Frank and Dr. Paul have said this.

[Bradley in DC]

Wait people. HR1207 has not passed. Barney frank didn't even schedule a comittee vote.

Was this hearing, that did absolutely nothing, just a bone tossed to the 290 cosponsers and this will be the last we will ever hear about it? I am really starting to suspect Barney may set on it from now on.
He has that power.

Chairman Frank has a stated policy (that he seems to follow) of following regular order on the committee: hearings before markups before sending to the floor.

Holding a hearing, not just on an issue but on the bill itself, now permits the committee to consider the issue and "markup" the legislation with changes, amendments, etc--or more likely redrafted as an amendment to the financial regulatory reform proposal.

And yes, there is suspicion: Chairman Franks DOES have the power to bottle up the bill in committee unless there is a successful discharge petition (but those are extremely rare).

[TCE]

Everyone who has stated that Barney Frank doesn't care about this cause needs to listen to Dr. Paul on Freedom Watch from 9/9/09. He stated that Barney Frank wants the same information that he does, however, Frank wants to put it in with his reform package. Frank has been talking about shining some light on the Fed for a while, he won't give in that easily.

[Matt Collins]

No one saw it. The elite that own the Federal reserve also own the media.Don't be silly. The MSM doesn't cover MOST of what Congress does because it's quite frankly boring. Remember the MSM exists to turn a profit and they do that by providing the content that the most people will want to see. Sadly in today's country hearing a hearing isn't exactly the majority's idea of entertainment. If it were, C-SPAN would make boatloads of money.

[AdamT]

I think I remember hearing RP himself say at one point, that if it really came down to it the gov't would declare "national security" issues and kill the audit. Is this their fallback?

[squarepusher]

I think I remember hearing RP himself say at one point, that if it really came down to it the gov't would declare "national security" issues and kill the audit. Is this their fallback?

very likely, I'm sure the fed has a few aces up their sleeve at this point ... but I also do know even if they do pull something, the freedom movement and Ron Paul will still continue, if not Audit The Fed, something bigger and better next

[Eric Arthur Blair]

Don't be silly. The MSM doesn't cover MOST of what Congress does because it's quite frankly boring. Remember the MSM exists to turn a profit and they do that by providing the content that the most people will want to see. Sadly in today's country hearing a hearing isn't exactly the majority's idea of entertainment. If it were, C-SPAN would make boatloads of money.


wrong

[Matt Collins]

wrongI work for the MSM, I know what I'm talking about. It's all based upon ratings and what people want to hear. If it isn't interesting to the audience then the audience will simply go elsewhere.

[raiha]

I work for the MSM, I know what I'm talking about.

Well Matt then you would know the answer to my question! Is there any msm coverage on this...not cspan?

[AbolishTheGovt]

So, I as many of us here watched the hearings of Audit The Fed which has been Dr. Paul's issues he champions for a very long time now.

Anyways, I just heard that something like 300 / 400 votes are secured to pass this, so basically this seems like a slam dunk so far, but something in todays hears made me suspicious:

The fed appeared to put up no fight whatsoever. That weasel they send to basically get trampled on over after over today? He was as ineffective as the border fence on the USA/Mexico border.

So whats the deal? How come the Fed seemingly rolled over this morning? Something doesn't seem right that the most powerful people in the world just let themselves seemingly get K.O.'d today. Thoughts?

The Fed probably doesn't want to draw public attention to it. If they sent Bernanke or someone big to the hearings, it would be all over the news. Maybe they think if they send some unknown little lawyer (who prefaces all his answers with "So... uh...") to the hearings, the media will dismiss it as another unimportant, boring procedure.

[emazur]

Federal Reserve is so 2008, the IMF is where it's at. There is a good possibility they want the audit. Or can use it to their favor.The rage and the reaction from a full audit could allow the IMF to be the solution to police the evil U.S. Central Bank.

"New world economic order takes shape at G20"
http://www.reuters.com/article/newsMaps/idUSTRE58O1FB20090925

* The G20 decision on IMF voting reform will give momentum to a 2011 deadline for overhauling IMF governance which will then be voted on by the IMF's 186 member countries.

* The G20 also agreed the head of the IMF should be selected based on qualifications and not nationality, according to the draft communique obtained by Reuters. The decision is significant because the head of the IMF has always been a European, while the president of the World Bank has always been an American.

[ChooseLiberty]

The banksters own the Senate and the Administration.

It'll take incredible pressure to get the bill thru after the House passes.

The next leg down in the economy and $ collapse should create a big opportunity.

Unfortunately, they are already lining up the IMF to take over.

Didn't Celente say something about torches and pitchforks?

[BillyDkid]

Is there some particular reason why the audio on all the Fed hearing youtube vids is screwed up? They are virtually unlistenable.

[Conza88]

So, I as many of us here watched the hearings of Audit The Fed which has been Dr. Paul's issues he champions for a very long time now.

Anyways, I just heard that something like 300 / 400 votes are secured to pass this, so basically this seems like a slam dunk so far, but something in todays hears made me suspicious:

The fed appeared to put up no fight whatsoever. That weasel they send to basically get trampled on over after over today? He was as ineffective as the border fence on the USA/Mexico border.

So whats the deal? How come the Fed seemingly rolled over this morning? Something doesn't seem right that the most powerful people in the world just let themselves seemingly get K.O.'d today. Thoughts?

Send someone big = more media coverage.

They didn't want to act like they were going to put up a fight.

[Matt Collins]

Well Matt then you would know the answer to my question! Is there any msm coverage on this...not cspan?I haven't been in tune in the last couple of days, but my guess would be no. Why? Because the average MSM audience member doesn't care about it. The only thing is that there might be a quick mention of it on Fox and maybe in the WSJ, but that's about it, for now.

[pacelli]

Wait people. HR1207 has not passed. Barney frank didn't even schedule a comittee vote.

Was this hearing, that did absolutely nothing, just a bone tossed to the 290 cosponsers and this will be the last we will ever hear about it? I am really starting to suspect Barney may set on it from now on.
He has that power.

MANY bills die in committee.

Hell, aside from people who visit the goddamned committee website, or read a forum that posts a play-by-play, how many folks do you think even knew it happened yesterday? I didn't see anything about this on either C-SPAN channel. I saw nothing about it on any of the business channels, including bloomberg (and they usually cover anything done by the house financial services committee).

[pacelli]

Send someone big = more media coverage.

They didn't want to act like they were going to put up a fight.

Right. They wanted to act like there was nothing out of the ordinary going on, it wasn't worth anyone's time, and nobody knew anything about it anyways. Basically make it as boring as possible. And some of the committee members did a great job feigning complete and total ignorance.

At the end of the meeting, I remember hearing Tom Woods on a hot mic saying something like, "its like I just couldn't get my point across, I don't know why" and somebody else said to him, "its because they kept interrupting you".

I hate to say it but I think this committee was heavily scripted in terms of the roles each member would play. Except Ron Paul. Because we all know that Ron Paul is the only honest and good member of that entire committee.

[amy31416]

Right. They wanted to act like there was nothing out of the ordinary going on, it wasn't worth anyone's time, and nobody knew anything about it anyways. Basically make it as boring as possible. And some of the committee members did a great job feigning complete and total ignorance.

At the end of the meeting, I remember hearing Tom Woods on a hot mic saying something like, "its like I just couldn't get my point across, I don't know why" and somebody else said to him, "its because they kept interrupting you".

I hate to say it but I think this committee was heavily scripted in terms of the roles each member would play. Except Ron Paul. Because we all know that Ron Paul is the only honest and good member of that entire committee.

Even Grayson and Bachmann?

[FrankRep]

Anyways, I just heard that something like 300 / 400 votes are secured to pass this, so basically this seems like a slam dunk so far, but something in todays hears made me suspicious:

The fed appeared to put up no fight whatsoever. That weasel they send to basically get trampled on over after over today? He was as ineffective as the border fence on the USA/Mexico border.

So whats the deal? How come the Fed seemingly rolled over this morning? Something doesn't seem right that the most powerful people in the world just let themselves seemingly get K.O.'d today. Thoughts?

Confirmed: International Monetary Fund (IMF) set to be the World's Federal Reserve!
The G20 Push to "Supersize" the IMF (http://www.ronpaulforums.com/showthread.php?t=182725)


William F. Jasper | The New American (http://www.TheNewAmerican.com/)
06 March 2009

Read the Article:
http://www.ronpaulforums.com/showthread.php?t=182725

[klamath]

Chairman Frank has a stated policy (that he seems to follow) of following regular order on the committee: hearings before markups before sending to the floor.

Holding a hearing, not just on an issue but on the bill itself, now permits the committee to consider the issue and "markup" the legislation with changes, amendments, etc--or more likely redrafted as an amendment to the financial regulatory reform proposal.

And yes, there is suspicion: Chairman Franks DOES have the power to bottle up the bill in committee unless there is a successful discharge petition (but those are extremely rare).

Thiis the worse possible thing. Frank will tack this onto a huge financial government regulatory bill using it to draw votes for his main goals. Complete government control of the financial markets.

This is exactly what is going to happen. Frank is smart enough to entice those 290 cosponsers from this very popular bill, to vote on what he really wants.
We need to start a drive to get HR1207 voted on, on its own.
The sad part is an Fed audit attached to a giant government financial takeover bill might even spur an even larger govenment power grab, a wholely owned government banking system from the central bank to the local neighborhood bank. When all the corruption of the fed is reveiled those socialist democrats like Kicinich and Grayson will be the first ones to be pushing for a massive federal government bank or worse yet a IMF takeover.

Unless HR1207 is voted on by itself, RP will be forced to vote against his own bill.