Archive for May 7th, 2009

Ron Paul, Stress tests are a smokescreen

May 7th, 2009 10:20 pm  |  by  |  Published in Banking, Big Government, Commentary, Economics, fascism, Free Market, government spending, inflation, Market Regulation, Money, Ron Paul, Taxes  |  1

Ron Paul appeared on Fox Business News today to discuss the release of the Bank “Stress” test results. He calls the tests propaganda and a pretense for more central economic planning.

To me this seems like just more smoke and mirrors by the Obama administration to try to drum up support for using more tax payer money to prop up bad banks. How nice it is for them that right when these results get released the stock market is doing better and the main stream business news outlets are falling all over themselves acting like we are on the brink of an economic recovery. I heard an “economist” on TV yesterday make the claim that the bottom is in.

I hope the bottom is in, but the bottom for stocks doesn’t necessarily mean the bottom of the housing market and the overall economy. For instance did you know that the government does not include housing in the CPI number? Housing is a consumption good. If it were included the CPI would be at a 5% decline year over year right now.

We are supposed to accept the “truth” from the very organization that benefits from lying to us. Perception is not reality when the government is involved. We get smokescreen after smokescreen.

But I digress… Watch Ron Paul below. Note that the video cuts off abruptly at the end, but it ended right after. Thanks to MinnesotaChris for the video.

You need to a flashplayer enabled browser to view this YouTube video

A Public Thank You to Congressman Charles Dent from Jake Towne on HR 1207, the “Audit the FED” Bill

May 7th, 2009 9:38 pm  |  by  |  Published in Activism, Federal Reserve, Liberty  |  0

To my delight, Congressman Charles Dent has co-signed Ron Paul’s HR 1207 bill to audit the Federal Reserve

by Jake Towne, the Champion of the Constitution
Originally published Thursday, May 7, 2009 at http://www.nolanchart.com/article6400.html

A couple days ago I published an open letter to my representative to support Ron Paul’s HR 1207 bill to audit the Federal Reserve after contacting him multiple times over the past two months.  I am thrilled to report that Congressman Charles Dent has now co-signed the bill! As I reported here “STATUS REPORT: Ron Paul’s Audit the FED Act, HR 1207“, additional co-signers for a bill does not move it any closer to a House floor vote, but it is one more additional vote that should be cast in its favor if the bill makes it to a vote.

Bloomberg’s Freedom of Information Act request was denied by the FED last year.  The FED declined to disclose how they used $2 trillion dollars in open market operations that they executed outside of Congressional authority. Congress has no clue how the FED used the money either since that is not how the FED works.

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WARNING: Food Freedom Under Attack! HR 759 is in Committee & worse than HR 875

May 7th, 2009 9:27 pm  |  by  |  Published in Big Government, congress, Free Market, Liberty, Politics, Video  |  0

“Control oil and you control nations; control food and you control the people” – Henry Kissinger

Our food freedom is under attack! HR 759 has eclipsed HR 875 as a danger to America’s small farmers. Currently in committee (and more likely to pass), NOW is the time to act to stop this threat to our freedom to buy, grow and eat real foods. A vote is expected by Memorial day.

Do your own research:
http://www.govtrack.us/congress/bill.xpd?bill=h111-759
http://www.opencongress.org/bill/111-h759/show
http://www.naturalnews.com/026114.html

Contact your reps:
http://www.congress.org/congressorg/officials/congress

Contact your reps and local newspapers:
http://www.usalone.net/cgi-bin/oen.cgi?qnum=7499

In case you missed it, here’s what you should know about HR 875 – the Food Safety Modernization Act of 2009:

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HR 1207 UPDATE: Ron Paul’s Audit the Fed bill is up to 134 co-sponsors!! This is HUGE, and shows how much our support actually CAN make a difference!

Details Here:
http://www.breakthematrix.com/index.php?q=node/34437

STATUS REPORT: Ron Paul’s Audit the FED Act, HR 1207

May 7th, 2009 1:06 pm  |  by  |  Published in Activism, Big Government, Commentary, congress, Federal Reserve, Free Market, Liberty, Ron Paul  |  0

HR 1207, the Federal Reserve Transparency Act is referred to Committee as Ron Paul’s Campaign for Liberty focuses its efforts in generating a groundswell of support. So… uh… what happens next?

by Jake Towne, the Champion of the Constitution

Originally published on May 7, 2009 at http://www.nolanchart.com/article6397.html

This February, Congressman Ron Paul (R-TX) introduced HR 1207, the Federal Reserve Transparency Act of 2009 to audit the FED. When I first reported on it in March, privately I was quite ecstatic that there were 11 co-sponsors, and three were Democrats. Why?

Well, Dr. Paul has tried this variants of this theme multiple times before over the past 30 years. For instance, HR 1148 was introduced in 1999 to abolish the Federal Reserve and obtained a whopping zero co-sponsors. This was repeated in HR 2755 in 2007. Result? Zero co-sponsors. Paul’s new clever strategy has been to extremely limit the scope of the bill – just audit the books of the FED, nothing more – and has been able to tap into the wide-ranging dissatisfaction surrounding the October 2008 banker bailout, the Obama stimulus plan, and the outright socialization of our banking, auto, and insurance sectors.

Ron Paul2It only takes half a brain and a pulse to get angry about the fact that the central bankers gave the American people the equivalent of a middle finger on Bloomberg’s Freedom of Information Act request. The FED denied to disclose how they used $2 trillion dollars in open market operations that they executed outside of Congressional authority. Congress has no clue how the FED used the money either since that is not how the FED works.  Without an audit, Congress also has no clue how much gold our nation owns. (photo)

So what’s the big picture? Basically, the legislative process in Washington is usually as slow as molasses, and most bills die in committee with the obvious exceptions of very long lobbyist bills like the USA PATRIOT Act and urgent banker bailout-stimulus plans that no one in Congress admittedly even has time to read before voting on them. Ron Paul is a veteran legislator, and most of his bills this decade are quite short – HR 1207 is 446 words – and follows the K.I.S.S. Principle: Keep It Simple Stupid. Obviously he has not had a lot of success, but that’s mostly been due to lack of cooperation.

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Open Letter to Congressman Dent from Jake Towne on Auditing the FED

May 7th, 2009 1:00 pm  |  by  |  Published in Activism, Federal Reserve, Liberty  |  0

re: HR 1207, Ron Paul’s Federal Reserve Accountability Act of 2009. 124 co-sponsors and rising!

by Jake Towne, the Champion of the Constitution

Originally published on Tuesday, May 5, 2009 at http://www.nolanchart.com/article6388.html

To the Reader -

I sent this letter to Congressman Dent urging him to vote to audit the Federal Reserve system through his contact form on May 5, 2009. I had previously contacted him on this issue through this contact form in March and April, and left a message at his office in April.  Although there has been no reply to-date, this does not mean it is being ignored as his traffic maybe too heavy.

However, I recently discovered that I am not the only one.  Wouldn’t it be great if after contacting your representative you could see who else has and what they had to say?  This is one of the accountability problems my campaign will address.

Dear Congressman Dent -

Please consider co-signing HR1207, the Federal Reserve Accountability Act.  This will open the FED to an audit of their monetary policy aspects by the GAO.  As you may be aware, no one, including Congress, has any specific details on what our Central Bank is actually doing with our nation’s currency, and Bloomberg even filed a Freedom of Information Act request for information on the TARP bailout and disclosure of $2 Trillion in loans.

The American people also deserve to have an independent audit completed of our physical gold holdings.

I had previously called your Washington, DC office and written to your website on this issue last month with no reply.  There are currently 124 co-sponsors of this bill.  For more details, please read this article I wrote in March or feel free to contact me.

I would also like to bring to your attention that I have decided to run for Congress during the next election in our district.  The biggest reason for this is our current monetary policy, which I strongly disagree with since it is not benefiting the people of our district, nor of this nation.

Again, please co-sponsor this bill, HR1207.

Best regards,
Jake Towne

Candidate for US Congress, PA-15th in 2010 [Reach the Author Here!]

www.CampaignForLiberty.com

www.EndTheFED.us LibertyMaven.com

DownsizeDC.org: Congress could mess up a train wreck

May 7th, 2009 11:28 am  |  by  |  Published in Big Government, congress, Constitution, DownsizeDC.org, energy, Free Market, Liberty, Market Regulation, Politics  |  1

D o w n s i z e r – D i s p a t c h

Quote of the Day: “I’ve come to expect that even nobly conceived laws will be manipulated and distorted for private ends. But once in a while I hear a story that gives me the queasy feeling that I’m nowhere near cynical enough.” — Christopher Hayes, The Nation


One intent of the Energy Policy Act of 2005 was to reduce the use of fossil fuels. But now, because of this law, the paper industry is using more fossil fuels than before.

Prior to Congress deciding it could use tax policy to re-engineer America’s energy use from on-high, the paper industry had been 70% fueled by something called black liquor, a natural by-product of the paper making process. In other words, the paper industry was inherently energy efficient, until Congress got involved.

The Energy Policy Act of 2005 authorized a 50-cent per gallon tax credit for mixing gasoline or diesel with an alternative fuel. To get the credit, paper companies began to mix diesel with their black liquor. In other words . . .

  • The government is paying the paper industry to use a less efficient, environmentally-destructive fuel!
  • The cost of this scam could reach $8 billion this year. [Source: The Nation]

Congress could mess up a train wreck.

At first glance, this appears to be an example of “unintended consequences,” but this assumes we really know what Congress intended . . .

  • The Energy Policy Act of 2005 was 1,273 pages.
  • The House passed the bill just one day after it was filed.
  • The Senate passed it one day after that.

It’s impossible to believe that any member of Congress had the chance to read and completely understand the bill. This means that those who voted for it didn’t really know what the intention was. Someone could have wanted the paper industry to have a hidden subsidy. But if the Read the Bills Act had been in force, the Energy Policy Act would have been . . .

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