Since the Federal Reserve was created in 1913, the dollar has lost 97% of its value.



TODAY, after almost 100 years of the Fed destroying our money with its secretive manipulations, we have an opportunity to finally do something about it. As early as tomorrow, the U.S. House of Representatives will – after years of inaction – hold a vote on Congressman Ron Paul’s Federal Reserve Transparency Act, better known as “Audit the Fed”.



This morning, I emailed every Member of the House of Representatives urging them to vote YES on this historic legislation. I’m emailing you today to ask you to do the same with your Representative.



Just last week, Fed Chairman Ben Bernanke again expressed his opposition to Rep. Paul’s bill. To me, that tells us everything we need to know about why it is crucial that Congress finally require an outside audit of the Federal Reserve’s activities. If the Fed doesn’t want to operate in the open, if they want to keep making secretive decisions behind closed doors about OUR money, too bad.



And today, please let your Representative in the House of Representatives know that you are watching, and that you respectfully request a YES vote for the Federal Reserve Transparency Act.






Thank you.






Governor Gary Johnson





P.S. Tomorrow’s vote in Congress is just a first step. This fall, there must be a voice in the national Presidential Debates who will stand up to the central bankers and the Federal Reserve. Go to Get Gary Johnson into the Debates (http://www.garyjohnson2012.com) and help me provide that voice!

Ron Paul is a fool and he proves it every time he opens his mouth.. His bill is ridiculous and your regurgitation of his points shows how little you understand...which is typical of Mr Paul and his followers.

Of course, you will now come back with the silly Austrian principals and an uneducated attack on Keynesian theories...then you will finish up by saying that I just don't understand your points.

You emailed every Congressman? Wow...what a monumental waste of time. Here's a tidbit for you...the only member of Congress who gives a damn about your opinion is your own representative (and even then you have to question if ther really care/listen). The other 434 members of Congress DON'T REPRESENT YOU(!!!) and therefore give no weight to your emails.

Ron Paul is a fool and he proves it every time he opens his mouth.. His bill is ridiculous and your regurgitation of his points shows how little you understand...which is typical of Mr Paul and his followers.

Of course, you will now come back with the silly Austrian principals and an uneducated attack on Keynesian theories...then you will finish up by saying that I just don't understand your points.

You emailed every Congressman? Wow...what a monumental waste of time. Here's a tidbit for you...the only member of Congress who gives a damn about your opinion is your own representative (and even then you have to question if ther really care/listen). The other 434 members of Congress DON'T REPRESENT YOU(!!!) and therefore give no weight to your emails.

Did you start typing your rant before you read that Gary Johnson read it?

The Federal Reserve is one of the most secretive government "programs", arguably, more so than the CIA. It affects every person in this country. It's never been FULLY audited in over 100 years, and the American people only got a small glimpse of what happens behind closed doors last July when a watered-down audit conducted by the Government Accountability Office (GAO) revealed $16 trillion in Fed bailouts to banks and corporations around the world at the height of the recent financial crisis. Considering the GDP of the United States is roughly $15.09 trillion. This means that all of the Fed’s liabilities in a couple yearswere worth more than the total annual economic activity within the United States.

Why, on earth, would this be a bad thing?

We, as citizens have the power to elect someone who we feel is ruining us. We cannot directly fire Ben Bernanke for $16 trillion in reckless bailouts. Nor they can elect a better head of the Fed. The central bank is run by unelected and unaccountable bureaucrats that have the power to dramatically impact the economy at the drop of a hat. All that goes against the checks and balances system we have in place.

I also find it funny that no one in southern Md co-sponsored this bill.

Ron Paul is a fool and he proves it every time he opens his mouth.. His bill is ridiculous and your regurgitation of his points shows how little you understand...which is typical of Mr Paul and his followers.

Of course, you will now come back with the silly Austrian principals and an uneducated attack on Keynesian theories...then you will finish up by saying that I just don't understand your points.

You emailed every Congressman? Wow...what a monumental waste of time. Here's a tidbit for you...the only member of Congress who gives a damn about your opinion is your own representative (and even then you have to question if ther really care/listen). The other 434 members of Congress DON'T REPRESENT YOU(!!!) and therefore give no weight to your emails.

Well, since Misfit at least ‘regurgitated’ something of substance, why don’t you do the same? Provide us some specific insight, facts, statements, data that shows what a ‘fool’ Paul is? And since you understand this bill so much deeper than the rest of us, please give us your specifics as to why this bill is ridiculous?

:tap:

The Federal Reserve Bank of Atlanta made six major loans to SunTrust Banks at the height of the financial crisis totaling at least $7.5 billion. James M. Wells, the Chairman and CEO of SunTrust, sits on the Board of Directors at the same Atlanta Fed that lent his company the money.

SunTrust also received $4.85 billion in bailout funds from TARP, a separate program run by the Treasury, on November 14th and December 31st of 2008.

According to data released Wednesday by the Federal Reserve, SunTrust's first billion dollars came on November 6, lent through the Fed's Term Auction Facility, a week before it received TARP money, A week after it took the TARP money, it took another billion dollars from the Atlanta Fed. On December 4, it took another $1.5 billion from the Atlanta Fed. The bank received two more billion dollar loans in January from the Atlanta Fed, followed by a May loan of $2.5 billion from the same bank.

The interest rates charged by the Atlanta Fed became more generous over time. The first loan was made with a 0.6 percent rate; the final three were made at 0.2, 0.25 and 0.25 percent. SunTrust, as collateral, put up mostly commercial real estate loans and other commercial loans.

On October 23, 2008, Fifth Third Bank received a $500 million loan through the Atlanta Fed as part of the Term Auction Facility. Dan Hogan is the CEO of Fifth Third Bank and also sits on the board of the Nashville branch of the Atlanta Fed. Fifth Third Bank also received billions of dollars through the Cleveland and Chicago Fed banks.

Banco Popular, based in Puerto Rico, scored nine loans from the Federal Reserve Bank of New York, through the Term Auction Facility, for between a hundred and 200 million dollars each between January of 2008 and July of 2009. Richard Carrion is the head of Banco Popular and sits on the board of the New York Fed, which was led at the time by Tim Geithner, who is now Treasury Secretary. Popular received $935 million in TARP money.

Fed Directors Banks Lavished With Billions From Fed (http://www.huffingtonpost.com/2010/12/01/fed-directors-bank-reciev_n_790631.html)

Well, since Misfit at least ‘regurgitated’ something of substance, why don’t you do the same? .....

:tap:


he did ........ Of course, you will now come back with the silly Austrian principals and an uneducated attack on Keynesian theories


I would like to ask YET Another Progressive TROLL to explain Keynesian Theories for the Class ....... in a comparison / contrast with Hayak


[we seem to be drowning in Obama Sycophants these days]

Ron Paul is a fool and he proves it every time he opens his mouth.. His bill is ridiculous and your regurgitation of his points shows how little you understand...which is typical of Mr Paul and his followers.

Of course, you will now come back with the silly Austrian principals and an uneducated attack on Keynesian theories...then you will finish up by saying that I just don't understand your points.

You emailed every Congressman? Wow...what a monumental waste of time. Here's a tidbit for you...the only member of Congress who gives a damn about your opinion is your own representative (and even then you have to question if ther really care/listen). The other 434 members of Congress DON'T REPRESENT YOU(!!!) and therefore give no weight to your emails.

Althought I disagree with the majority of your post, and think it would be great to audit the federal government in a public sort of way.
I have to disagree with you on one point.
You said,
the only member of Congress who gives a damn about your opinion is your own representative (and even then you have to question if ther really care/listen). The other 434 members of Congress DON'T REPRESENT YOU
You are wrong.
My representative does not give a damn about my opinion either.

Fed Directors Banks Lavished With Billions From Fed (http://www.huffingtonpost.com/2010/12/01/fed-directors-bank-reciev_n_790631.html)



Gee I wonder what bonuses were like during this time