Liberty MavenApril Fools Joke in July? WaPo Attacks Ron Paul and Fed Audit
July 25th, 2009 11:22 am | by Marc Gallagher | Published in Activism, Banking, Big Government, Commentary, Debt, Economics, Federal Reserve, Free Market, Liberty, Maven Commentary, Money, Ron Paul, congress, government spending, inflation | 8 Responses
Upon reading it I had to verify that the date wasn’t April 1st. The Washington Post published an editorial attacking the notion that Congress (and the American people) should know what is happening to OUR money. Perhaps they are against such transparency because they received a sizable bailout from the Fed like so many others in the past year. Or is “bailout” the right word when you publish tripe like this? Maybe “bribe” would be more accurate.
No I’m not saying they actually received any money from the Fed because I don’t know if they did or not. After all knowing such things is illegal under current law. I’m merely saying that if we had a full Fed audit we would know. Their efforts to stymie bipartisan no-brainers like HR1207 and S604 reeks of putrid quid pro quo status quo in Washington DC.
Here’s a taste, grab your vomit bag:
Which brings us to the proposed Federal Reserve Transparency Act, sponsored by anti-Fed crusader Ron Paul (R-Tex.) in the House and socialist Bernard Sanders (I-Vt.) in the Senate. In the name of open government, it would subject the Fed’s decisions to a full-blown audit by the Government Accountability Office, the investigative arm of Congress. Though the bill has attracted 276 co-sponsors in the House and 17 in the Senate, it is wrongheaded in the extreme.
Wrongheaded in the extreme? The only thing wrongheaded in the extreme here is the author’s understanding of economics. The Federal Reserve is cheating while playing Monopoly with our money. Don’t we deserve to know what they are doing, even if it is after the fact?
By opening up the Fed’s most sensitive interest rate and credit policies to public second-guessing, the bill would create a risk — real and perceived — of monetary policy bent to suit congressional overseers. This would destroy financial markets’ faith in the Fed and, by extension, the value of the U.S. dollar, just as surely as a political “audit” of the Supreme Court’s deliberations would undercut public faith in the justice system.
Destroy faith in the Fed? How can something be destroyed that doesn’t exist in the first place?
Faith in the U.S. dollar? Since 1913 when the Fed was created the dollar has lost about 95% of its value. Anyone who still has “faith” in the U.S. dollar needs to become acquainted with a strait-jacket and a lobotomy. In fact, just reading the 75+ comments on the editorial reveals not a single positive comment. There’s simply no faith to preserve.
Thank you Washington Post for giving me something to write about on this beautiful Saturday in July. I hope you find it appropriate to reprint your editorial again on April 1st, 2010 when the value of the dollar will be even less than it is today and faith in the Fed is still non-existent.
July 26th, 2009 at 12:03 am (#)
I would have to say that any journalist (I use that term lightly) that proclaims to be fair or unbaised (as that is the creedo of most proclaimed journalist to my understanding) and resorts to name calling (i.e Socialist, anti-Fed crusader) that he should have his Media card revoked…
The world is bad enough without drama queen spin artist filling the world with these kinds of things to take up credible (sniker) media space—- I get away with name callig because I am not a journalist—- so please dont try and use that argument on me!!
July 26th, 2009 at 1:09 pm (#)
"By opening up the Fed’s most sensitive interest rate and credit policies to public second-guessing, the bill would create a risk — real and perceived — of monetary policy bent to suit congressional overseers."
The only thing the Fed's secrecy protects is the identity of those trying to influence the Fed–and to think that isn't happening would be astonishingly naive.
July 26th, 2009 at 10:41 am (#)
[...] [...]
July 26th, 2009 at 6:10 pm (#)
The fed is basically a fraud. Much like the Bernie Madoff house of fraud. The people who have been been screwed want the fraud to continue so that they can recoup their losses. After all, the early investors in a ponzi scheme do make their money back.
July 26th, 2009 at 7:08 pm (#)
What is important to note, is the complicity of the MSM.
This is the Washington Post's first direct mention of the "Audit the Fed Bill". They have won the race with the New York Times, which has not only has failed to mention HR 1207, the NYT has not even printed Congressman Ron Paul's name on any subject at all, in well over 200 continuous days. It is a high crime of deliberate omission I say !
The FACT is, that the MSM is controlled by the same Corporatist Banksters that own & control the Federal Reserve and all the other Central Banks on the planet.
The internet has turned out to be the most important tool for raising public awareness since late night talk radio ! They will fail because of it. We are winning the Info Wars for sure !
Thank your God(s) for the internet, I do.
The MSM must be taken into the courts & charged with "public endangerment" for deliberately not investigating & printing the FACTS at the very least.
Once the FACTS about Baxter & H1N1 are exposed to the public, the directors of the MSM
should be charged with complicity in the conspiracy to commit mass murder as well.
Google "Feb 27 2009 Canadian Press Baxter H5N1" & ask yourself how a international story of this magnitude can only run for one day in Canada & not at all in America or England.
Austria has opened a criminal investigation into Baxter's "accident" two weeks ago & still
the English MSM remains silent. This must be seen as a deliberate act of complicity eventually.
Stay alert & safe everyone.
Info Wars, I know & I am telling everyone !
July 28th, 2009 at 8:14 am (#)
Will be avoiding Washington Post 100% from now on, other than to comment on stories I see elsewhere. Off to the Post to display my dismay! We need to audit the fed, anyone who believes differently is nothing but a pawn or a fool.
July 28th, 2009 at 2:50 pm (#)
Well said Clay.
The MSM is corrupt from the core, all of it. The average reporter is just like a mercenary soldier he will fight/write & fallow any story that the man who signs the paycheck wants them to. They are tools in the hands of the managing editors. They know/(care) not what they do (many but not all). It has always been so.
The true criminals however, are the managing editors & the publishers. Many will have direct history with the CIA/NWO one way or another.
Do you recall the jokes about Pravda ? The Western Press is now worse or funnier, take your pick.
August 21st, 2009 at 7:25 am (#)
Chris, it's an EDITORIAL. It's not supposed to be objective. The Washington Post is a liberal paper. The Fed is being attacked by paleoconservatives. Mark my words, the Fed is not being attacked to help America. Certain foreign powers would stand much to gain from a disruption of the Fed, and this crisis presents a unique opportunity. Ron Paul and his followers may very well be unwitting accomplices in the coup of the century. Think about it, and by "think", I don't mean "read Prison Planet some more and watch some angry youtube vids". I mean THINK.