Is Anyone Minding the Store at the Federal Reserve?

WhiteNite

New Member
Well we just need to make more and give it away...I mean that will get the economy going and the USA out of debt. Inflation is GREAT right??? LOL
 

honeykeeper

New Member
[quote name='WhiteNite' post='149196' date='Jun 12 2009, 08:52 AM']Well we just need to make more and give it away...I mean that will get the economy going and the USA out of debt. Inflation is GREAT right??? LOL[/quote]



Sure as long as your not a tax payer.
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honeykeeper

New Member
[quote name='krh2' date='17 September 2009 - 09:30 PM' timestamp='1253233854' post='153040']

No new news for me.. I have done some home work.... See ya'll in the trenches bros. Bring some water.. :smt01 [/quote]



Trenches?......I'll see you on the mountain top.......bring you're jugs for water too! I will meet you at the Fed./Gov. barricades.



Fresh News for you...Ron Paul and Alan Grayson are taking on the government!:



On Friday, September 25th the House Financial Services Committee has scheduled a full committee hearing on Ron Paul’s HR.1207-FEDERAL RESERVE TRANSPARENCY ACT to audit the Federal Reserve. The hearing is slated to begin at 9am eastern time.



For details and a link to the (eventual) live streaming video of the hearing check out the committee website.

http://www.house.gov/apps/list/hearing/financialsvcs_dem/fchr_092509.shtml





As with many of these committee hearings the schedule is tentative and right now there are no witnesses listed.



By now we know what the opponents of the bill will argue, but it doesn’t change the fact that the bill has over 290 bipartisan cosponsors and 75% of the American people want a Fed audit.



The conditions are ripe for passing some form of Federal Reserve audit. Rahm Emanuel has been criticized for not wanting to allow our economic “crisis to go to waste”. In turn, Obama has largely been capitalizing on his honeymoon in popularity coupled with the economic crisis to push his agenda through Congress. The health care debate has stifled that strategy for now.



Without the economic crisis I doubt Ron Paul’s Fed audit bill would have more than 290 cosponsors. So, in a way, Ron Paul is not letting this crisis go to waste either. It is a perfect bill for the America we live in today.



It is Ron Paul’s job to convince others that his bill would not allow Congress to interfere with monetary policy. This is the lone argument against his bill and it’s quite a weak argument.



Friday’s hearings mark a major battle in the long term effort to “End the Fed“.
 

honeykeeper

New Member
Good info. on why the FED should end and what might happen with Dr. Edwin Vieiera (1862-now):



http://www.youtube.com/watch?v=jbSH9AlgGDY&feature=player_embedded#t=526





[media]http://www.youtube.com/watch?v=jbSH9AlgGDY&feature=player_embedded#t=526[/media]



[media]http://www.youtube.com/watch?v=yt6maprKisI&feature=player_embedded#t=57[/media]







The Federal Reserve has been under growing political fire ever since Congressman Ron Paul (R-TX) made it a frequent target during his presidential campaign. However, Paul has been a longtime opponent of the bank, openly calling for it to be abolished and the U.S. dollar to once again be backed by gold, instead of mere faith.



"From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy," Paul said in 2002, according to congressional records. "The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts."



His bill, House Resolution 1207, which would subject the Fed to a complete audit, has gained significant traction in the U.S. House of Representatives, with over half its members signing on in support of the move. Though mostly Republicans, a large cross-section of Democrats reached across the aisle to support the bill, and Rep. Barney Frank (D-MA), who chairs the House Financial Services Committee, recently told a town hall audience that the Fed will be subjected to a complete audit soon. He predicted the House will pass Paul's bill -- or an amalgam of it, wrapped with other regulatory reforms -- "probably in October."



"A companion bill in the Senate introduced by Sen. Bernie Sanders (I-Vt.) has 27 cosponsors," noted The Hill.



The Fed has also come under fire for refusing to disclose which firms it paid massive bailouts to in 2008 and early 2009, amid the greatest financial crisis since the Great Depression. A particular amount of interest among lawmakers has focused on the Bank of American - Merrill Lynch & Co. merger, which the Fed facilitated.



The House Domestic Policy Subcommittee, under the leadership of Congressman Dennis Kucinich (D-OH), subpoenaed the Fed in June for records relating to the transaction. New York Attorney-General Andrew Cuomo has claimed that, in 2008, then-Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke strong-armed BofA into buying Merrill -- a move that, if true, could expose Paulson and Bernanke to prosecution. That investigation is under way.



Fed Chairman Ben Bernanke "has vehemently opposed the idea [of an audit], asserting that it would lead to the politicization of monetary policy by giving Congress an easy way to second-guess any decision the Fed makes," noted The Los Angeles Times in late August.



That specific argument -- that the monetary system is endangered by closer observation of Fed actions -- was discounted by Judge Loretta Preska of the Manhattan U.S. District Court, in a ruling that ordered the Fed to disclose which firms received bailout dollars.



While the Fed argued that disclosing who was bailed out on the taxpayer's dime could be detrimental to the agency's independence from Congress, Judge Preska wrote that the claim was based merely on "conjecture" and the court remained unconvinced because the Fed had failed to provide adequate evidence to substantiate its claims.
 

honeykeeper

New Member
Just over 12 hours to go for a historic possibility moment/beginning! <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt003' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt004' />



The FED has had their "RULE" for 96 years! <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt013' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt013' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt013' />

The FED may fall apart if enough dirt is found.

The FED could take revenge on the American people in proportions like 9-11 or other questionable disasters.

The FED could take action to make a "NWO New World Order Government" and Money based system and render the end of the US Dollar soon.

The FED is not our government and is above the laws of this country.

The room could be empty or full with both Democrats and Republicans wanting an audit of the FED. <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt004' />



On Friday, September 25th the House Financial Services Committee has scheduled a full committee hearing on Ron Paul’s HR.1207-FEDERAL RESERVE TRANSPARENCY ACT to audit the Federal Reserve.

The hearing is slated to begin at 9am eastern time.



For details and a link to the (eventual) live streaming video of the hearing check out the committee website.

http://www.house.gov/apps/list/hearing/financialsvcs_dem/fchr_092509.shtml






As with many of these committee hearings the schedule is tentative and right now there are no witnesses listed.



By now we know what the opponents of the bill will argue, but it doesn’t change the fact that the bill has over 290 bipartisan cosponsors and 75% of the American people want a Fed audit.



The conditions are ripe for passing some form of Federal Reserve audit. Rahm Emanuel has been criticized for not wanting to allow our economic “crisis to go to waste”. In turn, Obama has largely been capitalizing on his honeymoon in popularity coupled with the economic crisis to push his agenda through Congress. The health care debate has stifled that strategy for now.



Without the economic crisis I doubt Ron Paul’s Fed audit bill would have more than 290 cosponsors. So, in a way, Ron Paul is not letting this crisis go to waste either. It is a perfect bill for the America we live in today.



It is Ron Paul’s job to convince others that his bill would not allow Congress to interfere with monetary policy. This is the lone argument against his bill and it’s quite a weak argument.



Friday’s hearings mark a major battle in the long term effort to “End the Fed“.

Good Luck ALL~!!!~ <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt006' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt003' />





A Republican <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt004' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/006.gif' class='bbc_emoticon' alt=':smt006' /> :

[media]http://www.youtube.com/watch?v=4tRQHsXujpo&feature=channel[/media]



A Democrat <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt004' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/006.gif' class='bbc_emoticon' alt=':smt006' /> :

[media]http://www.youtube.com/watch?v=yt6maprKisI&feature=player_embedded[/media]



Ron Paul <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt004' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/006.gif' class='bbc_emoticon' alt=':smt006' /> :

[media]http://www.youtube.com/watch?v=RYiHE35kCQI&feature=player_embedded#t=25[/media]
 

honeykeeper

New Member
Now that is's show time the link doesn't work!... anyone have a link that WORKS?~...... <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/017.gif' class='bbc_emoticon' alt=':smt003' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt013' />



Going to C-Span LIVE: http://www.c-span.org/Watch/C-SPAN_wm.aspx

Best as I can figure is the link below is down for some STRANGE reason and the C-Span LIVE video will be 3 hrs. behind Eastern Time..anyone else?

.... <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/017.gif' class='bbc_emoticon' alt=':smt004' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/017.gif' class='bbc_emoticon' alt=':smt006' />



[quote name='honeykeeper' date='24 September 2009 - 08:48 PM' timestamp='1253836124' post='153235']

Just over 12 hours to go for a historic possibility moment/beginning! <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt003' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt004' />



The FED has had their "RULE" for 96 years! <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt013' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt013' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt013' />

The FED may fall apart if enough dirt is found.

The FED could take revenge on the American people in proportions like 9-11 or other questionable disasters.

The FED could take action to make a "NWO New World Order Government" and Money based system and render the end of the US Dollar soon.

The FED is not our government and is above the laws of this country.

The room could be empty or full with both Democrats and Republicans wanting an audit of the FED. <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt004' />



On Friday, September 25th the House Financial Services Committee has scheduled a full committee hearing on Ron Paul’s HR.1207-FEDERAL RESERVE TRANSPARENCY ACT to audit the Federal Reserve.

The hearing is slated to begin at 9am eastern time.



For details and a link to the (eventual) live streaming video of the hearing check out the committee website.

http://www.house.gov/apps/list/hearing/financialsvcs_dem/fchr_092509.shtml






As with many of these committee hearings the schedule is tentative and right now there are no witnesses listed.



By now we know what the opponents of the bill will argue, but it doesn’t change the fact that the bill has over 290 bipartisan cosponsors and 75% of the American people want a Fed audit.



The conditions are ripe for passing some form of Federal Reserve audit. Rahm Emanuel has been criticized for not wanting to allow our economic “crisis to go to waste”. In turn, Obama has largely been capitalizing on his honeymoon in popularity coupled with the economic crisis to push his agenda through Congress. The health care debate has stifled that strategy for now.



Without the economic crisis I doubt Ron Paul’s Fed audit bill would have more than 290 cosponsors. So, in a way, Ron Paul is not letting this crisis go to waste either. It is a perfect bill for the America we live in today.



It is Ron Paul’s job to convince others that his bill would not allow Congress to interfere with monetary policy. This is the lone argument against his bill and it’s quite a weak argument.



Friday’s hearings mark a major battle in the long term effort to “End the Fed“.

Good Luck ALL~!!!~ <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt004' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt004' />





A Republican <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt006' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/006.gif' class='bbc_emoticon' alt=':smt013' /> :

[media]http://www.youtube.com/watch?v=4tRQHsXujpo&feature=channel[/media]



A Democrat <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt006' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/006.gif' class='bbc_emoticon' alt=':smt013' /> :

[media]http://www.youtube.com/watch?v=yt6maprKisI&feature=player_embedded[/media]



Ron Paul <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt006' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/006.gif' class='bbc_emoticon' alt=':smt013' /> :

[media]http://www.youtube.com/watch?v=RYiHE35kCQI&feature=player_embedded#t=25[/media]

[/quote]
 

honeykeeper

New Member
No luck catching the hearing on the FED live and no surprise......... <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt003' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt004' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt006' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt003' />



Here's what I found so far and it does sound like things are unfolding:



http://www.bloomberg.com/apps/news?pid=20601087&sid=a7CC61ZsieV4



Court Orders Fed to Disclose Emergency Bank Loans (Update2)

By Mark Pittman

Aug. 25 (Bloomberg) -- The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit.



Manhattan Chief U.S. District Judge Loretta Preska ruled against the central bank yesterday, rejecting the argument that loan records aren’t covered by the law because their disclosure would harm borrowers’ competitive positions.




The Fed has refused to name the financial firms it lent to or disclose the amounts or the assets put up as collateral under 11 programs, most put in place during the deepest financial crisis since the Great Depression, saying that doing so might set off a run by depositors and unsettle shareholders. Bloomberg LP, the New York-based company majority-owned by Mayor Michael Bloomberg, sued on Nov. 7 on behalf of its Bloomberg News unit.



“The Federal Reserve has to be accountable for the decisions that it makes,” said U.S. Representative Alan Grayson, a Florida Democrat on the House Financial Services Committee, after Preska’s ruling. “It’s one thing to say that the Federal Reserve is an independent institution. It’s another thing to say that it can keep us all in the dark.”



‘Inadequate Search’



The judge said the central bank “improperly withheld agency records” by “conducting an inadequate search” after Bloomberg News reporters filed a request under the information act. She gave the Fed five days to turn over documents it told the reporters it located, including 231 pages of reports, and said it must look for more at the Federal Reserve Bank of New York, which runs most of the loan programs.



The central bank “essentially speculates on how a borrower might enter a downward spiral of financial instability if its participation in the Federal Reserve lending programs were to be disclosed,” Preska wrote. “Conjecture, without evidence of imminent harm, simply fails to meet the Board’s burden” of proof.



David Skidmore, a Fed spokesman who said the board’s staff was reviewing the 47-page ruling, declined to comment on whether the central bank would appeal to the U.S. Court of Appeals in New York.



Federal Reserve Chairman Ben S. Bernanke, who led the biggest expansion of the central bank’s power in its 95-year history, was nominated to a second term today by President Barack Obama.



Banks Worried



Obama promised a new era of government openness when he took office in January, issuing a statement telling agencies “to adopt a presumption in favor of disclosure” in responding to requests under FOIA.




Banks are worried that the disclosure of borrowers’ identities by the Fed, the lender of last resort, would cause customers to empty their bank accounts in a run on the bank, said Scott Talbott, vice president of governmental affairs at the Washington-based Financial Services Roundtable, a lobbying group.



“This issue is: ‘This bank borrowed X billion from the Fed, therefore they must be in trouble, therefore I’m going to pull my money out,” said Talbott. “That’s the type of danger that we’re worried about. That’s the risk.”



Bloomberg LP said in the suit that U.S. taxpayers need to know the terms of Fed lending because the public became an “involuntary investor” in the nation’s banks as the financial crisis deepened and the government began shoring up companies with capital injections and loans. Citigroup Inc. and American International Group Inc. are among those who have said they accepted Fed loans.



‘Unprecedented Ways’



“When an unprecedented amount of taxpayer dollars were lent to financial institutions in unprecedented ways and the Federal Reserve refused to make public any of the details of its extraordinary lending, Bloomberg News asked the court why U.S. citizens don’t have the right to know,” said Matthew Winkler, the editor-in-chief of Bloomberg News. “We’re gratified the court is defending the public’s right to know what is being done in the public interest.”




The Fed’s balance sheet about doubled after lending standards were relaxed in the wake of the collapse of Lehman Brothers Holdings Inc. on Sept. 15, 2008. For the week ended Aug. 19, Fed assets rose 2.3 percent to $2.06 trillion as it continued to buy mortgage-backed securities under a program allowing the central bank to purchase non-government securities for the first time.



Fed Audits



The U.S. House may vote as soon as next month on a bill to require the Fed to submit to audits by the Government Accountability Office, said Representative Scott Garrett, a New Jersey Republican on the Financial Services Committee.



The judge’s ruling “is strikingly good news,” Garrett said. “This is what the American people have been asking for.”



The Freedom of Information Act obliges federal agencies to make government documents available to the press and public. The Bloomberg suit, filed in New York, didn’t seek money damages.



“The public deserves to know what’s being done with the money,” said Lucy Dalglish, executive director of the Arlington, Virginia-based Reporters Committee for Freedom of the Press. “This ought to be a wake-up call for the public that they need to be far more educated about this.”



The case is Bloomberg LP v. Board of Governors of the Federal Reserve System, 08-CV-9595, U.S. District Court, Southern District of New York (Manhattan).
 

honeykeeper

New Member
Well it was frustrating that the hearing wasn't mentioned on any news other than C-Span....but I got it! <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/004.gif' class='bbc_emoticon' alt=':smt004' /> <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/003.gif' class='bbc_emoticon' alt=':smt002' />

There was some terrorism threats that may have been set as a diversion across the country.. <img src='http://www.titanspot.com/Titan/public/style_emoticons/<#EMO_DIR#>/013.gif' class='bbc_emoticon' alt=':smt013' />



http://www.c-span.org/Watch/Media/2009/09/25/HP/A/23601/House+Financial+Services+Cmte+Hearing+on+Regulatory+Overhaul.aspx



HOUSE FINANCIAL SERVICES CMTE. HEARING ON REGULATORY OVERHAUL

Friday



Rep. Barney Frank (D-MA) chaired a hearing on legislation that would require the Government Accountability Office to audit the Federal Reserve. Scott Alvarez, General Counsel to the Board of Governors of the Federal Reserve and Thomas Woods of the Ludwig von Mises Institute testified before the committee.

Washington, DC : 3 hr. 1 min.




Don't hesitate to see this. Ron Paul, Grayson and others grilled the FED General Counsel-Scott Alvarez. There's a lot of dirt under the carpet and hopefully this will lead to the next move to sign and execute the bill Ron Paul has worked on since the 80's.



Sample of the hearing:

Grayson "Has the Fed ever tried to manipulate the stock market"



Alvarez "uhh, no."



He then reworded it to ask "Does the fed manipulate the stock market?"



And again Alvarez hedged.



But anyone who knows anything about the market knows that everything the Fed does influences the stock market. So of course, the answer is yes. Trying to avoid saying yes here is just silly. Manipulation of the market is a side effect of manipulation of interest rates, it is a known economic fact.

 
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