Audit The Fed Bill “gutted” While Moving Toward House Vote

Who is Mel Watt representing?

Oct. 30 (Bloomberg) — Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

“There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”

..Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee.

…Paul said he intends to introduce an amendment to the bill when it comes to the House floor for a vote restoring the legislation’s original language.

Full Article…

Ron Paul says “Its Not Over Yet”

House passes Unread Climate ‘Cap and Tax’ Bill

“Politico reports that Rep. Joe Barton (R-TX) raised questions about whether “there was even a copy of the current version of the bill anywhere in the House chamber.”

Rep. Michele Bachmann stated plainly that the bill was “a choice between liberty and tyranny,” claiming that the bill institute “control over nearly every aspect in the lives of the American people” and advocating the Forbes amendment.

Remarkably, Ed Markey, one of the bill’s co-sponsors, rose to report that a copy was only available at the speaker’s desk or online, which Politico reports, would require members “to leave the floor to access.” (Infowars)

No Bailout For Wall Street

I liked this article by presidential candidate Chuck Baldwin so much that I’m posting it here in its entirety. This is highly recommended reading—a good refresher course for those who have done their own research on the subject, and probably revelatory for those who haven’t. When you’re done reading, take action.

Chuck Baldwin
American Free Press
September 27, 2008

At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. history.

Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency known as the Federal Reserve Note, which was created out of thin air by an international banking cartel called the Federal Reserve.

Democrats & Republicans join hands to eliminate 4th Amendment

(Yes, Barack Obama voted for it too—here comes the “change”)

Congress votes to immunize lawbreaking telecoms, legalize warrantless eavesdropping
Glenn Greenwald
Salon
July 9, 2008

The Democratic-led Congress this afternoon voted to put an end to the NSA spying scandal, as the Senate approved a bill — approved last week by the House — to immunize lawbreaking telecoms, terminate all pending lawsuits against them, and vest whole new warrantless eavesdropping powers in the President. The vote in favor of the new FISA bill was 69-28. Barack Obama joined every Senate Republican (and every House Republican other than one) by voting in favor of it, while his now-vanquished primary rival, Sen. Hillary Clinton, voted against it. John McCain wasn’t present for any of the votes, but shared Obama’s support for the bill. The bill will now be sent to an extremely happy George Bush, who already announced that he enthusiastically supports it, and he will sign it into law very shortly.

Full Article…