Campaign for Liberty
August 26, 2009
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Campaign for Liberty
Campaign for Liberty
July 7, 2009
Dear Friend of Liberty,
Earlier today, the first shot in our battle to pass Audit the Fed through the U.S. Senate was fired on the Senate floor by Senator Jim DeMint of South Carolina.
Senator Jim DeMint of South Carolina.
Senator DeMint, who has a well-deserved reputation for taking the battle to the other side in the Senate, once again proved why he is such a valuable ally in our fight to bring transparency and accountability to the Federal Reserve.
A little while ago, the Senate voted to pass HR 2918, the Legislative Branch Appropriations Act. This $3 billion bill contains, among many other things, provisions for GAO audits on certain agencies.
Seizing on a chance to take quick action to bring Audit the Fed up for a vote, and with the GAO provisions in mind, Senator DeMint attached the full text of S 604, the Senate version of Ron Paul’s Audit the Fed bill, to HR 2918 as Senate Amendment 1367 before it was considered for final passage.
However, Senate Democrats refused to even allow a vote on the amendment! That’s right. The internationalist, Fed-loving elite in the Senate used a parliamentary tactic to shut down DeMint’s amendment.
After Senator DeMint brought Audit the Fed to the floor, Senator Ben Nelson of Nebraska raised a “point of order” to prevent a vote, claiming that the amendment violated Senate Rule 16 by “legislating” on an appropriations bill. The Senate president agreed, and the amendment was shot down.
Senator DeMint did not back down, though, and directly challenged Senate leadership by pointing out the other GAO audits contained in the bill. As Senator DeMint listed them off, the Senate president was forced to agree with Senator DeMint that each one he described, all of which would be left in for final passage, also violated Senate Rule 16.
Which tells us at least one thing: the problem wasn’t with “legislating” on the bill or violating Senate Rules (which is commonly done). Shooting down the amendment was about preventing a thorough audit of the Federal Reserve for the first time in its history!
Senate leadership is hoping this issue will just fade away so they can get on to what they deem to be more “important” business, like dictating what kind of healthcare plan you and I can carry or passing destructive Cap-and-Tax legislation.
But the American people deserve answers on what the Fed has done with trillions of our tax dollars and what they are committing us and future generations to as part of their secret deals with foreign central banks and governments.
The leadership decided today to turn their backs on transparency, but our fight is just beginning.
As Senator DeMint made clear on the floor, the Audit the Fed bill has wide bipartisan support. He rightly warned the Senate that even if they delay today, they WILL have to deal with the issue on the floor.
It is up to you and me to back up Senator DeMint’s words by making sure the momentum continues to build and the bill comes up for a final vote.
The rejection of the Audit amendment is just the first battle in our war. Now is the time to really put the pressure on the U.S. Senate to Audit the Fed!
Senator DeMint fired the opening salvo and showcased the hypocrisy of the Senate for allowing other GAO audits to be included in the bill while refusing to even allow a vote on Fed transparency.
Again, we’re just getting started. Senator DeMint will keep fighting to pass Audit the Fed on its own or as an amendment, and we need to continue putting pressure on our senators to do everything in their power to achieve a floor vote!
Paul Joseph Watson
Tuesday, June 30, 2009
In a Campaign for Liberty video commentary, Ron Paul reveals that even though up to 20 Democrats opposed the controversial climate bill, they voted for it anyway, underscoring once again how the vast majority of Congress members are bought and paid for by the elite in Washington.
The Congressman points out that the eight Republicans who voted for the bill did so in order to provide political cover for the Democrats. Even if those Republicans had not defected, some of the 44 Democrats who voted against the bill would have changed their votes anyway to ensure the bill’s passage.
“One Democrat talked to me, a friend of mine,” said Paul, “and I said how are you going to vote on this bill and he said I’m going to vote for the bill but then he sort of whispered and he said, but I sure hope it doesn’t pass.”
Asked why he was voting for a bill that he actually opposed, the Democrat responded, “yeah I have to do that.”
“I said are there any other Democrats that are going to be voting for it and they really don’t like the bill, and he said, oh yeah about 15 or 20 of them,” added Paul.
This underlines how Washington is completely corrupt at its core and how, even if individual members of Congress oppose a bill, they vote for it anyway just to satisfy the agenda of the elite and maintain the status quo.
If the 15 or 20 Democrats who opposed the bill had actually voted against it, the bill would have failed and America would not be facing another great depression, a massive lowering of living standards, and the complete regulation of every aspect of our lives, all of which the climate bill will grease the skids for.
Writing on the Campaign for Liberty website, Congressman Paul states that the climate bill will “put another nail in the economy’s coffin”.
Paul compares the carbon trading scam, a system that is owned and will benefit to the tune of billions or even trillions of dollars long time environmental hysterics like Al Gore and Maurice Strong, to how the Catholic Church sold indulgences to sinners from the 10th century onwards.
The Congressman illustrates how the Obama administration has cited Spain as an example of how a “progressive energy policy” can be successful, when in fact Spain is in economic turmoil partly as a result of this very policy.
“The administration has pointed to Spain as a shining example of this type of progressive energy policy. Spain has been massively diverting capital from the private sector into politically favored environmental projects for the better part of a decade, and many in Washington apparently like what they see. However, under no circumstances should anyone serious about economic recovery emulate an economy that is now approaching 20 percent unemployment, where every green job created, eliminated 2.2 real jobs and cost around $800,000 each!”
“The real inconvenient truth is that the cost of government regulations, taxes, fees, red tape and bureaucracy is a considerable expense that has to be considered when companies decide where to do business and how many people they can afford to hire. Increasing governmental burden directly causes capital flight and job losses, as Spain has learned. In this global economy its easy enough for businesses to relocate to countries that are more politically friendly to economic growth. If our government continues to kick the economy while its down, it will be a long time before it gets back up. In fact, jobs are much more likely to go overseas, compounding our problems.”
Paul concludes by pointing out that the climate bill is based around the manufactured threat of global warming and that even if one accepts the premise that CO2 emissions cause significant temperature increases, the biggest polluters, the U.S. government and specifically the U.S. military, will be exempt from most of the new EPA regulations anyway.
Watch the clip of the Congressman’s comments below.
Campaign for Liberty
June 18, 2009
Having practiced medicine for over 30 years, Congressman Paul gives his perspective on the past and future of medicine in this country, and the effects of government and special interests on quality, costs and access.
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Campaign for Liberty
May 19, 2009
I have been very pleased with the progress of my legislation, HR 1207, which calls for a complete audit of the Federal Reserve and removes many significant barriers towards transparency of our monetary system. This bill now has nearly 170 cosponsors, with support from both Republicans and Democrats. Senator Bernie Sanders has introduced a companion bill in the Senate S 604, which will hopefully begin to gain momentum as well. I am very encouraged to see so many of my colleagues in Congress stand with me for greater transparency in government.
Some have begun to push back against this bill, and I am very happy to address their concerns.
The main argument seems to be that Congressional oversight over the Fed is government interference in the free market. This argument shows a misunderstanding of what a free market really is. Fundamentally, you cannot defend the Federal Reserve and the free market at the same time. The Fed negates the very foundation of a free market by artificially manipulating the price and supply of money — the lifeblood of the economy. In a free market, interest rates, like the price of any other consumer good, are decentralized and set by the market. The only legitimate, Constitutional role of government in monetary policy is to protect the integrity of the monetary unit and defend against counterfeiters.
Instead, Congress has abdicated this responsibility to a cabal of elite, quasi-governmental banks who, instead of stabilizing the economy, have destabilized it. It took less than two decades for the Federal Reserve to bring on the Great Depression of the 1930’s. It has also inflated away the value of our currency by over 96 percent since its inception. It has invisibly stolen from the poor and given to the rich through this controlled inflation, and now openly stolen through recent bank bailouts. It has predictably exacerbated the very problems it was meant to solve.
Detractors have also argued that the Fed must remain immune from the political process, and that that more congressional oversight would distort their very important decisions. On the contrary, the Federal Reserve is already heavily entrenched in the political process, as the Fed chairman is a political appointee. High level officials routinely make the rounds between positions at the Fed, member banks, Treasury and back again, taking care of friends and each other along the way.
As far as the foolishness of placing complex monetary policy decisions in the hands of politicians — I couldn’t agree more. No politician or central banker, no matter how brilliant, is smart enough to know more than the market itself. The failure of central economic planning has been witnessed over and over. It is frankly beyond me why we ever agreed to try it again.
To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have. They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability. Thus the loudest arguments against greater transparency are likely to come from those friends, and understandably so.
However, it is the responsibility of every member of Congress to represent the interests of the people that sent them to Washington and find out what has been happening with our money. As the branch of government with the power of the purse, we really have no other reasonable choice when the economy is in the shape it is in.