There is an audio of Cain speaking in regards the Federal Reserve inserted in this video in response to his comments to Ron Paul’s question to him about auditing the Federal Reserve. It appears he backtracked from his earlier comments regarding the issue.
The beginning of a U.S. currency crisis and hyperinflation.
Meltup features Gerald Celente, Peter Schiff, Ron Paul, Marc Faber, Jim Rogers, Tom Woods, and others.
April 21, 2010 – by Donny Shaw
One of the great political success stories of the past couple years has been the audit the Fed movement. Starting with an unlikely partnership between the far-right Rep. Ron Paul [R, TX-14] and far-left lawmakers Rep. Alan Grayson [D, FL-8] and Sen. Bernie Sanders [I, VT], the push to open up the Federal Reserve to a complete government audit for the first time ever (H.R.1207) has attracted more than 300 co-sponsors in the House and was included in the House’s financial reform bill that was approved last December (see the audit the Fed language in the context of the bill here).
But now that financial reform has moved into the Senate, the audit the Fed proposal has disappeared from the bill and there is virtually no talk of trying to put it back in. Instead, the Senate financial reform bill as written by Banking Committee Chairman Chris Dodd [D, CT] includes a section that looks deceptively like a Fed audit, but would actually do nothing to open up the Fed or remove the special audit restrictions that have allowed the Fed to operate in secrecy for decades.
For the rest of this article including the provision as it currently exists in the senate bill click Here.
by The Ludwig von Mises Institute
The Ludwig von Mises Institute
Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salemo, Hans Hoppe and Lew Rockwell, this estraordinary film is the clearest, most compelling explanation ever offered of the Fed and why curbing it must be our first priority.
Alan Greenspan is not, we’re told, happy about this 42 minute blockbuster. Watch it and you’ll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.
You can order the “Money, Banking and The Federal Reserve on DVD at Mises.org
Ron Paul on Coast to Coast AM with George Noory
Bob Basso author of “Common Sense” plays the role of Thomas Paine to ignite the fire of change in America. Patriotism and Pride for America lead Thomas Paine to help take back America!
Sen. Dick Durbin, on a local Chicago radio station this week, blurted out an obvious truth about Congress that, despite being blindingly obvious, is rarely spoken: “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.” The blunt acknowledgment that the same banks that caused the financial crisis “own” the U.S. Congress — according to one of that institution’s most powerful members — demonstrates just how extreme this institutional corruption is.
The ownership of the federal government by banks and other large corporations is effectuated in literally countless ways, none more effective than the endless and increasingly sleazy overlap between government and corporate officials. Here is just one random item this week announcing a couple of standard personnel moves: …
Written by Thomas R. Eddlem
Monday, 23 March 2009 11:30
Newspapers are fixated upon $160 million in bonuses given to American International Group (AIG) executives. And it’s nice to know where the millions are going (note: the bonuses could have been cancelled had the federal government let the company go bankrupt, as officials should have). But where are the trillions in TARP, TALC and Federal Reserve Bank bailout funds going? The man in charge of administering the bailouts is Treasury Secretary Timothy Geithner, who served as a staff member of the New York City-based Council on Foreign Relations before being hired in 2003 to head the New York City branch of the Federal Reserve Bank (Fed). As the vice chairman of the Fed’s Open Market Committee, Geithner is probably a poor choice to get the nation out of it’s current economic mess. He served as Alan Greenspan’s number two man at the Fed, so Geithner is as responsible as anyone for facilitating the severity of the real estate and financial bubble and its subsequent collapse. After all, the Fed was the driving force behind the asset bubble, inflating the bubble larger and larger through artificially low interest rates and an inflationary easy-money policy.
Under Geithner and his predecessor (former Goldman Sachs CEO Henry “Hank” Paulson), the majority of bailout funds have been awarded to high-level donors to Geithner’s former employer: the Council on Foreign Relations (CFR).
Thomas Eddlem raises very important questions at the end of his article … see the entire article here. A great many of the People know the business relationship of the people involved and yet… there is nothing done. The People screamed loud and clear for a “No” vote on the bailouts and yet… the bailouts were passed. Maybe it’s time The People looked for new representation from a different political party?? How about a party that stands on the principles found in the founding documents of this country?
Here are some folks that are accomplishing a few things. Imagine that… people that actually lobby Congress to effect change!
Campaign for Liberty has been on the Hill all week lobbying congressmen to support HR 1207, Ron Paul’s bill to Audit the Fed, and we’re pleased to report that the bill’s momentum shows no signs of slowing down! C4L’s Jesse Benton has visited over 50 congressional offices, and reports that “the reception has been unbelievable…. Between our Hill lobbying, the work of Dr. Paul’s congressional staff and the work of all the tremendous grassroots activists in our movement, we are making progress unthinkable a few years ago.” Read his report on the C4L blog here. Thanks to that hard work and dedication, HR 1207 now has 91 cosponsors and more on the way! Our national office is filled with your petitions, and now is the perfect time to make our voices known to Congress.
Their next step is a petition drive.
Next Tuesday, April 28th, Campaign for Liberty will be holding its second official Mass Action Day by doing a “National Petition Push” for HR 1207. If the media didn’t know what to say about all our “Audit the Fed” signs dominating the Tea Party visual landscape on April 15th, just wait till they see Congress slammed with tens of thousands of C4L petitions!
Make no mistake: We’re turning this spirit of freedom into real legislative action.
On the 28th, members of my staff and I will be joined by C4L members from around the DC area as we mount Capitol Hill to flood Congress with tens of thousands of your petitions in support of HR 1207. But this effort will extend far beyond D.C., as we’re asking C4L members all across America to take their petitions to their representative’s district offices on the 28th. Phone calls and emails are powerful tools, but nothing compares to a personal office visit.
These people believe that they can “take back” and “put right” their “servant” government. Year after year, Ron Paul has introduced legislation to “End the Fed“. His bill to abolish the Fed, even though widely supported by the People, has never made any legislative progress or even gained a co-sponsor. His “toned down” version is making great progress, as noted above.
In the Politico, Ron Paul writes, “if this audit reveals what I suspect and Congress has finally had enough, it can also pass my legislation to abolish the Federal Reserve.”
What would replace the Fed if Congress decides to “End the Fed“?? There must be included in any legislation to “End the Fed” a Constitutional solution that will move further away from the globalists plan for a “one world currency” as part of plans for a New World Order.
What should we fear? We should fear that this movement to “Audit the Fed” and “End the Fed” will be used as a vehicle to push America into acceptance of a one world currency and banking system widely being touted as the solution to the world’s economic crisis and currently being implemented, gradually, until a prime moment arrives at which it can be thrust upon the unsuspecting American People.
This is a danger that preparations must be made for and actions ready to be taken. The servants must be forewarned that any such attempt to remove a constitutional currency resulting in the loss of American Sovereignty will end their political careers.
As this OpenCongress article points out, once the Fed has undergone an audit and its failings found … it may be discovered that the wisest move would be to “End The Fed.”
From the article:
Current U.S. Code protects the Fed’s secrecy in several important areas (31 USC 714 – Sec. 714):
Audits of the Federal Reserve Board and Federal reserve banks may not include – (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization; (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations; (3) transactions made under the direction of the Federal Open Market Committee; or (4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)-(3) of this subsection.