RON PAUL - AUDITING THE FEDERAL RESERVE

I used to think Ron Paul was little out there, in a good way, but out there none the less. During the Presidential Primaries, he was virtually shut out of the debates. And the few he was invited to participate in, he was ridiculed and made fun of by the other contenders. I thought that was very disrespectful on their part. Because through the scoffing, the man was making sense.

Since then I have looked into his positions, and have come to believe he is one of the few Congressmen that actually is trying to work for the betterment of the county, and not the betterment of his own power and financial gains. I also have a lot of respect for Senator Bob Corker. As you might well remember, he tried in vain, to put a stop to the auto bailout.

Mr Paul does not like the Federal Reserve. Neither do I for that matter. According to our Constitution, only the government has the legal right to issue currency. The Federal Reserve is not part of the government, It is a cartel of international bankers disguised as a government agency. And it answers to no one. One of these days I'll get into how it all came about in detail.

But for now, I want to get into Ron Paul and his idea. Auditing the Federal Reserve, at least by an outside agency, has never been done. One would think this is a no brainer, but under their charter, they are not accountable to us. Even though they create our money and set our interest rates, and control the amount of money in our system.

Mr Paul created HR 1207. In it's original form, this Bill calls for a complete audit of the Federal Reserve, and calls for greater transparency in how they operate. Meaning, we might just have a look at their books from time to time, and make sure no funny business is going on. Because since it's inception, there has been a lot of funny business going on over there.

Mr Paul introduced his Bill a while back, and slowly he has been collecting co sponsors for it, which is necessary for a Bill to get passed. So far in the House he has 170 co sponsors from both parties. That is the good part, finally they agree on something that isn't bad for us, the little people.

Here is where we run into some trouble.

Senator Berni Sanders introduced a companion Bill in the Senate, and I applaud him as well. The way the system works, for those who went through school after they stopped teaching government and replaced it with diversity, is this. Someone introduces a Bill, if it is a spending Bill is supposed to come from the House of Representatives. If it is a non spending Bill, in can be introduced in either House. And they can introduce either the same Bill or very similar Bills in both houses. And then everyone gets to have their say on the matter.

That is usually when a really good idea gets all messed up. Because after everyone sticks their hands in it, it usually has little to do with the original good idea. Then, if the House and the Senate wind up with different versions of the same Bill, it goes off to a committee with members of both houses, and they battle it out and change things around some more. If it survives that, it gets sent to the President to sign. Of course, if he doesn't like it, he sends it back for more rewrites. Hard to believe anything ever gets done with those rules.

Anyway, the Senate version of the Bill seems to have some sticky fingers involved. In the margin scribbled in is this amendment.

With respect to a single and specific partnership or corporation.

Well now, that just took the teeth out of the Bill. You can't just audit the whole of the Federal Reserve books to see what is going on. You can only audit them with respect to a single and specific partnership or corporation.

That kind of sounds like, you really won't be able to audit them at all, because I would think, you would need to see their books in order to discover what specific partnerships or corporations they are involved with.

In fact, it seems there is starting to be a big push against this Bill getting through.

Senator Richard Selby from AL is the one who threw that little restriction in there. And I would certainly like to have an audit done on his books, to see if he is collecting any money from anywhere besides his paycheck.

In fact, I believe that every elected official should be audited yearly, and the results posted for all to see. I think it would be darned interesting to see where all these public servants are raking in money from. It should be part of the rules of being an elected official.

I suspect we might have to build a brand new Federal Prison to hold all these elected officials in, if we did an audit of them every year. I suspect there is more graft and kickbacks going on than we can even imagine.

I wish Mr Paul all the possible luck in the world in getting this bill passed in tact. I hope when it winds up in committee the restriction gets taken out, so we can have a true and honest audit of the Federal Reserve. Realistically, I think the final version will be so watered down that nothing will change.

The folks in Congress will tout that they passed a Bill to audit the Federal Reserve, see, we are looking out for you!

But in reality, the language in the Bill will make it one more piece of meaningless legislation, so restrictive in it's wording that nothing of any consequence will happen.