Preposterousness!

Today I came across 2 articles about the Fed on the internet. Due to the overwhelming supports of 75% US constituents and 2/3 majority in the House of Representatives and Senate, the Fed must come to a thorough crystal-clear audit. Fortunately, there will be a hearing for HR1207 Federal Reserve Transparency Act on the House Floor this coming Friday. Despite the assist of the Financial Services Committee Chairman, Barney Frank, he "reiterated his support for greater scrutiny of the Federal Reserve, but stressed it would not expose U.S. monetary policy to political sway." Does that mean he is going to compromise HR1207 with another legislation or water down the original bill? I hope better not, because that will ignite the furies of the Americans.

According to the Reuters news, the Massachusetts Democrat told reporters that he was in "general agreement" with a bill put forward by Republican Rep. Ron Paul to hold the Fed to a wider GAO audit, "provided that additional exposure came with clear limits." Additional exposure came with clear limits? How absurd! What are the "clear limits" is he talking about anyway? I don't think Americans and the rest of the world would ever want that "limits crap". The World WANTS NOTHING BUT A FULL AUDIT! Full audit means it must include all these:

1. transactions for or with a foreign central bank, government of a foreign country, or non-private international financing organization;
2. deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations
3. transactions made under the direction of the Federal Open Market Committee
4. a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)-(3) of this subsection of US Code.

Barney Frank added, "One, we don't want anyone to think that monetary policy is being politicized. That would have a very bad effect on the dollar, and Ron Paul agrees with that, I believe," Frank said.

"It has also argued strongly that exposing Fed policy decisions to GAO audits, as Paul's bill would do as currently written, would be potentially harmful to the U.S. economy by politicizing monetary policy decisions."

Wow, that is, perhaps the most ridiculous statement I have ever seen. Ron Paul never agrees with that AT ALL! The dollar is, in fact, already on the fall and Barney Frank talked like as if the Fed is not already politicized. If it's not politicized, who would appoint chairman for the Fed and it's 7 members in the Board of Governors? Wasn't that US President Barack Obama reappointed Ben Bernanke as second-term Fed chairman? The Fed was already politicized since its creation in 1913, however, in total secrecy. In reality, not only Ron Paul wanted to audit the fed, his final goal would be to abolish it for the sake of the world. Otherwise, he would not have written his new bestselling book called "END THE FED". Having said that, the Fed's lifespan is long overdue and IT MUST BE FULLY EXPOSED AND CEASED TO EXIST! Americans and the world must fight till the end, for the Fed is the single biggest threat in the world. It is, without doubt, the root of all evil and crises mankind has ever endured. END THE FED!

Ron Paul: The Federal Reserve Is Already Politicized


Source: "Top Democrat repeats support for more Fed scrutiny"

Another ludicrous news -

A letter to Senator Grassley from Mr. McAlister(US constituent) regarding the cosponsor issue of S604 Federal Reserve Sunshine Act.

I wrote Senator Grassley urging him to vote for S604 on it's own merits, a stand-alone basis. I received a reply from him explaining that he would gladly combine S604 with other legislation. It is insulting to receive a reply that blatantly differs with my request, but is written as if he is in total agreement. I wrote him today expressing my dissatisfaction with his reply.

Dear Senator Grassley,

I wrote you a while back to thank you for supporting S604, and to urge you to encourage a vote on the bill. I wrote expressing a need to vote on the bill on a stand alone basis, and not rolled into some other legislation. I received a reply from you written in a tone that was as if you were in agreement with me. However, as I read the reply it was clear that you are only interested in combining the bill with other legislation that would obviously weaken it's intended purpose, which is to require the Federal Reserve to be accountable and transparent. Senator Grassley, please understand that when someone writes you about the Federal Reserve, the chances are that the constituent is aware of the Federal Reserve's origin and is aware of what their influence is in this country. It is very disappointing, not to mention insulting, when you reply to my letter as if I am unaware and asleep. Senator Grassley, every day more and MORE people are waking up to what is happening in our country. NOW would be a good time to join the people.

Dear Mr. McAlister,

I understand your concern about the Federal Reserve not being accountable or transparent. However, their dark and powerful arm is far reaching, and can corrupt almost anyone, including myself. I would love to support S604 on a stand alone basis, however, if I did that, it may cause harm to the Creature from Jekyll Island, and I am in some way beholden to their interests, having been corrupted some time ago. Please read this letter as though I agree with you, and please go back to sleep and allow us here in Washington to take care of everything. Trust us! We care about you!!

I can't help but wondering what are the crooks in Washington really up to? "Trust them?" Have "faith" in US dollar as the world's reserve currency? So that they can continually corrupting almost anyone, any countries, any governments, and any corporations on Earth? Does ethic still exist anyway? What kind of preposterous world are we living in? Ultimately, I believe, the only way to solve all these unnecessary crises is to banish the very Creature from Jekyll Island, the founders and heirs of the Federal Reserve!