Just how deep does the rabbit hole go?
Posts tagged audit
Federal Reserve Board Abolition Act Hits Congress
13 months ago
Source: http://freedomoutpost.com
On January 3, 2013 Congressman Paul Broun, Jr. (R-GA) introduced HR 73, The Federal Reserve Board Abolition Act. The thrust of the legislation is to “abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.” It looks like Ron Paul’s consistent cries for dealing with the Federal Reserve have not fallen on deaf ears, nor has the idea dissipated from elected representatives since he left office.
This piece of legislation was not the only one to be introduced. House Resolution 77, the Free Competition in Currency Act of 2013, was also introduced by Rep. Broun. This legislation seeks “to repeal the legal tender laws, to prohibit taxation on certain coins and bullion, and to repeal superfluous sections related to coinage.”
But Broun wasn’t about to stop there. He also introduced two other pieces of legislation: HR 24, the Federal Reserve Transparency Act of 2013, which is put forth “To require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States,” and HR 33, the Audit the Fed Act of 2013, which purpose is “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.”
All of these pieces of legislation are very similar to those proposed by former Congressman Ron Paul.
The Federal Reserve is a huge problem from America and this is not some recent news. It has been going on since the early 20th century.
Felix Bronstein wrote a piece in which he cited a piece on proposals to help cut the Federal budget written for The Heritage Foundation in 1986 by Warren T. Brooks. Bronstein writes,
Brookes began by stating that “conservatives need to understand that without basic monetary reform there is no way to balance the U.S. budget, with or without tax increases and budget cuts, and even with the most optimistic GNP growth projections.” He then offered a 3 part solution:
(1) “the nation must return as quickly as possible to gold-based money and debt” (Heritage’s Policy Review published another piece endorsing a return to the gold standard as a key component of balancing the budget, in the next issue, by the late Congressman, HUD Secretary and Vice Presidential candidate — Jack Kemp, My Plan To Balance The Budget, Spring 1986)
(2) we should allow “free exchange of gold and silver, both public and private, setting up a parallel monetary system on a free market basis, allowing the public to choose,” (Heritage’s Policy Review published another piece endorsing the idea of Hayekian currency competition or privatization, also in the next issue — Richard W. Rahn, Time To Privatize Money?, Spring 1986) and
(3) “the Federal Reserve would be phased back to its original role as a bank-owned clearing house, thus eliminating its huge and costly presence in the money markets where its open market operations now run as high as $1 trillion a year.”
With all of the talk about the “fiscal cliff” and raising the debt ceiling yet again, it is clear that the problems of the Federal budget and debt, and especially the cost of servicing the Federal debt, have certainly not gotten any better since Warren Brookes’s [sic] solutions were published (and ignored) in 1986.
So far we have seen that Washington is not serious about the fiscal cliff or the debt ceiling. So now, we’ll see how serious they are about dealing with the Federal Reserve. So far, each of the bills have been referred to committee. It would behoove us to inform our representatives about these pieces of legislation and to push them through committee for a vote on the House floor.
Hat tip: American Vision News
Where Is The Treasury’s Gold? Group Demands Audit of Government Gold
0Source: http://beforeitsnews.com
Posted by Brianna Panzica on the Wealth Wire
Gold conspiracy theorists don’t trust the government…
Of course, that’s nothing new. By nature, groups like the Gold Anti-Trust Action Committee(GATA), a group formed to expose control over the price of gold, are suspicious of collusion linked to the government.
But now they’re taking this suspicion into action with a petition to audit the nation’s gold reserves. According to the petition, the last full audit of bullion owned by the U.S. Treasury occurred in 1953: 60 years ago.
U.S. Gold Bullion Depository at Fort Knox
Credit: Wikipedia
The Treasury last claimed to have 261 million ounces in its possession on December 31, 2012. But the time lapse between that and the last time the store was officially checked is significant.
From Mineweb:
“The gold bars need to be assayed and weighed,” the petition advocates. “Once the gold is verified the paper trail must be audited to determine who really owns the gold; i.e. how much has been loaned to bankers and dealers and sold or swapped to non-Treasury entities including foreign governments.”
“The audit must include professional auditors outside of the Mint, Treasury, GAO, Inspector General and the Federal Reserve System,” the petition concludes.
The petition landed a spot on the White House website on Wednesday, January 9. By Monday morning, it had garnered 3,834 signatures.
If it reaches 25,000 by February 8, the White House has to respond. Policy experts will be required to review the request, and a public statement will be made.
Chris Powell, Secretary and Treasurer of GATA, thinks the request is likely a long shot. He wrote in an article published on GoldSeek:
Of course the U.S. government may be less likely to tell the truth about its gold than to declare signers of the petition to be terrorists and to send rocket-firing drone aircraft after them or have them hauled off to the military prison at Guantanamo Bay, Cuba, outside the jurisdiction of the federal courts and beyond any claim of habeas corpus. But it’s a risk we have to take and if enough people sign and the petition has to be answered, clamor about the gold issue will increase.
If you’re interested in signing the petition or in reading the full petition text, you can check it out here.
See more at the Wealth Wire
Banks Can Legally Steal Customer Funds From Private Checking Accounts
19 months ago
Source: http://occupycorporatism.com
In 2007, the Sentinel Management Group (SMG) collapsed, leaving many customer segregated funds lost after they had been used as collateral. After a plethora of lawsuits and creditor claims, a decision earlier this month in the 7th Circuit Court placed the banking cartels ahead of customer claims for funds returned. Essentially, the Bank of New York Mellon (BNYM) sued to be first in line for return on stolen customer account monies – and won the right by the US court system.
In the mainstream media (MSM), the SMG collapse and subsequent ruling in favor of BNYM was touted as a difficulty “for customers to recoup money lost”.
SMG, a Chicago-based futures broker, had stolen more than $500 million in segregated customer funds to use as collateral on a loan to BNYM for in-house proprietary trading operations. Their books were audited by the National Futures Association (NFA), however the NFA admitted that they could not understand the convoluted mess they were provided by SMG to sign off on. And yet they did; and approved the audit.
BNYM sued SMG to re-coup any monies owed to them. However, these monies were customer segregated funds that SMG stole and re-hypothecated.
In federal court, John D. Tinder, US Circuit Court Judge ruled “that Sentinel failed to keep client funds properly segregated is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”
This means that once a banking customer deposits their money into an account with a bank, the funds become property of the bank. The customer, at the point of deposit, relinquishes all rights to that money regardless of any laws in place, legal assurances, claims or guarantees; and this extends from investments to private checking accounts.
Congressman Ron Paul’s Floor Speech on Audit the Fed July 24, 2012
09 months ago
Ron Paul ‘Constitutionally Correct’ 2012.
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Ron Paul Answers Questions About HR 459 And Presidential Run On
29 months ago
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Pass Audit the Fed Now!
110 months ago
By Ron Paul & Campaign for Liberty
Thanks to Teri C, Matt & C4L!
Throughout my political career, I’ve been told more than once that my efforts to raise awareness about the destructive Federal Reserve would be fruitless.
I always knew, though, that if more Americans decided enough was enough and took action, the Fed would finally be held accountable, and our nation could take a giant step toward a sound monetary policy.
Now, thanks to your help, my Audit the Fed bill is ready to be voted on in the U.S. House of Representatives this month.
I don’t have to tell you what we could finally learn about the Fed’s actions if Audit the Fed were passed.
But there are still far too many Americans who must be made aware of how critically a thorough audit of the Federal Reserve is needed.
Once they get the message, I’m sure they’ll passionately rally to this cause like so many before them.
For Liberty,
Ron Paul
Campaign for Liberty – Secure Contribution Form
http://www.youtube.com/watch?v=R2W8N6EAW3I&feature=colike
With a floor vote in the U.S. House later this month, and time running out to carry our momentum over into the Senate, C4L must rally millions of Americans in support of Congressman Ron Paul’s Audit the Fed bill!
So please make the most generous donation you can today to C4L’s “Audit the Fed Moneybomb.”
This is our best chance ever to pass Audit the Fed, but C4L needs your support to run the ads, send the direct mail and email, and make the phone calls it will take to turn up the heat on Congress.
Click Here to help Audit The Fed today!
Reason Magazine Senior Editor on Ron Paul’s Revolution
01 year ago
“Ron Paul invented the notion of a populist, activist, modern movement thats transpartisan” says Reason’s Brian Doherty
Brian Doherty sat down with ReasonTV to talk about his new book and how Ron Paul has changed politics in America. Doherty wrote about the evolution of the libertarian movement in his 2007 book “Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement”. He has been following and writing about Ron Paul and his movement since then. Doherty examines Ron Paul’s influence in a new book out May 15, “Ron Paul’s rEVOLution: The Man and the Movement He Inspired”.
Brian Doherty “documents the meteoric rise of Paul from relative obscurity to national prominence, and examines the fanatically devoted political movement that has arisen around him.”
Doherty spoke with ReasonTV in January while covering the Iwoa caucus to talk about Ron Paul’s campaign and the movement that has been built around him primarily over the past four years.
Approximately 3:30 minutes.
Produced by Sharif Matar
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The time is NOW to take back our personal liberties and freedoms!
Ron Paul 2012: Restore America Now
http://www.ronpaul2012.com
Please visit Ron Paul’s official campaign site by following the link below and donate today!
RON PAUL EXPOSED!!!
01 year ago
RON PAUL EXPOSED!!! Is this the man we want to see running the U.S.A.?
Please favorite and thumbs up the video– please embed and spread. The more favorites the more will see this video. All non-troll comments are approved as fast as possible. Ron Paul is a truly good man who loves the nation and each and every one of us. He is a brilliant man who knows the issues better than anyone in the race. The power of Liberty and brotherly love can solve all problems before us.
Ron Paul is a great man and this video shows he has been fighting for the American people for decades and will be there to end the tyranny of psychopathic criminals that have hijacked our great nation. This video exposes the Truth of Ron Paul. We need this man. He is the only hope we have and if he doesn’t make it into the White House there won’t be anything left of the United States– civil war will be a certainty. The U.S. is hijacked by a bunch of mobsters who don’t give a damn about the nation and certainly don’t care about the American people. 60 treasonous psychopaths in the Senate just voted in favor of locking up American citizens indefinitely without any legal recourse whatsoever in custody of the military– turning the U.S. into a military dictatorship. Under this law they have declared they are no longer abiding by the Constitution and they have also declared they are criminals. We must stop voting for the two party scam that has given a foreign nation total control of the Democracy of the U.S. These people are guilty of High Treason for even considering such a law– against the people of the U.S. and they need to be removed from our government.
PLEASE SEND YOUR MONEY TO RON PAUL’S CAMPAIGN AND DO EVERYTHING YOU CAN TO SUPPORT HIM. IT’S NOW OR NEVER.
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Now more than every we need the Champion of the Constitution!
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Sen. Rand Paul on Last Episode of Freedom Watch
01 year ago
Rand Paul attacks Obama and the Republicans. 2/13/12
[CIM Comment]
Now more than every we need the Champion of the Constitution!
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Why I Have Backed Ron Paul For More Than 20 Years
01 year ago
Source: http://www.veteranstoday.com
Even an Oxymoron can understand this video montage that carries Ron Paul’s “Liberty” thread during the past two decades?
Ask where was the media? And you will see proof that the media, as well as our elected representatives are all “in on it.” In on what? In on the rape and pillage of the American dream is what!
Cong. Paul points it out so publicly in this video montage. Show it around and talk about it, even to brain dead friends, and we all have plenty of those.
I need not write a lot here, because the video says it all. Hell’s bells even Chris Matthews can understand this. There is no American dream; never really was—counterfeit money; fat cat speculators using it for war and bombs; accompanied by unpatriotic acts by Congress.
Also replacing information with propaganda for evil in the information age. Surely Americans suffer enmasse from the Stockholm syndrome. If there is a cure, it might be found in this video montage. My great hope is that this Ron Paul Truth telling will result in the destruction of the two party dialectic that has served the liars and moneychangers so well.
That may be the best result for the Ron Paul Revolution; any vote for Ron is a vote against the bastards that did this.
[CIM Comment]
Now more than every we need the Champion of the Constitution!
Please visit Ron Paul’s official campaign site by following the link below and donate today!
This is a work in progess, a self learning tool and fun little project. Please excuse the slow development as it seems the needed proper time is always lacking. It is my hope that the combination of content and links to other sources of information in this simple blog may help awaken a few of the sleeping masses and encourage and inspire others to initiate their own research, ultimately for each person to be a light to help awaken others. Opinions expressed belong to me, myself and I. Also, a big thank you to all that take the time to visit, it is appreciated :)
