Daily Archives: February 11, 2015

Charlie Hebdo Paris Attack Was Inside Job, False Flag? Says Paul Craig Roberts
Charlie Hebdo Paris Attack Was Inside Job, False Flag? Says Paul Craig Roberts Major Financial Collapse in U.S. World Coming Soon! Says Economic Expert ...

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Paul Craig Roberts: Global Elite #39;s Grand Manipulation Over The Public Ends in 2015
Paul Craig Roberts - Next Economic Collapse World War III Paris Attack False Flag? https://www.youtube.com/watch?v=hrhcMboYVPo Major Financial Collapse in U.S. World Coming Soon! Says.

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Paul Craig Roberts: Global Elite's Grand Manipulation Over The Public Ends in 2015 - Video

Ron Paul Incredible 13 Minute Anti Government Speech
Ron Paul Incredible 13 Minute Anti Government Speech SUBSCRIBE my channel for new videos about ECONOMIC COLLAPSE / COLLAPSE of AMERICA / U.S. DOLLAR COLLAPSE...

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Ron Paul #39;s Texas Straight Talk 2/2/15: The Failed #39;Yemen Model #39;
http://RonPaulCurriculum.com http://RonPaulChannel.com http://RonPaulInstitute.org http://VoicesOfLiberty.com http://RonPaulMD.com http://The-FREE-Foundation...

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Ron Paul's Texas Straight Talk 2/2/15: The Failed 'Yemen Model' - Video

Raw footage of Ron Paul interview from The Bubble film
The video owned by and used under fair use license For newest tips and predicition from Jim Rogers Don #39;t Forget To. The Bubble is a feature length documentary that ask those who predicted...

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Ron Paul Liberty Report, Feb. 7, 2015
This edition of the Ron Paul Liberty Report covers the vaccine controversy -- who owns your body? -- and the recent uptick in fighting in Ukraine -- will the...

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Ron Paul Liberty Report, Feb. 7, 2015 - Video

Sen. Rand Paul (R., Ky.) has taken over the mantle of leading Federal Reserve critic within the Republican Party from his father, former Texas representative Ron Paul.

Mr. Paul, a likely candidate for the 2016 Republican presidential nomination, has introduced a bill that would allow for congressional audits through the Government Accountability Office of the Feds monetary policy deliberations, something Fed officials say would curb the central banks independence.

It is a controversial and complicated issue, generating sharply divided views. In an effort to clarify some aspects, we fact-checked comments he made Friday at a rally in Iowa, with input from some economists. His comments below, in italics, were transcribed from our audio recording of his speech.

The central banks operations are subject to several layers of financial audits and reviews, which are detailed on the Fed website.

On the website, for example, one can see the March 14, 2014 auditors report by Deloitte & Touche LLP on the combined financial statements of the Fed reserve banks for 2013 and 2012.Also available are links to the reports on each individual reserve bank and the board of governors, a link to Office of Inspector General reports on the Fed and a link to the U.S. GAO reports on the Fed.

Currently, the GAO reviews a variety of Fed activities, but not its conduct of monetary policy. Mr. Pauls bill would allow the agency to also examine the policy decisions.

The Feds assets are not $57 billion, theyre $4.5 trillion. Its capital is $57 billion. The Fed could in theory build a much larger capital cushion, since it has been earning record profits. But the law requires it to turn over its profits to the U.S. Treasury, so Fed officials have not retained additional capital even as its profits rose and balance sheet increased.

Central banks are different from private banks in some important ways. The Fed has the power to create money electronically and use those funds to buy assets. This means it is free from the risk of the kinds of run that brought down Lehman Brothers. The assets the Fed holds on its balance sheet include Treasury securities, agency debt and agency-backed mortgage securities, all of which are effectively backed by the full faith and credit of the U.S. government. Economists we spoke to questioned Mr. Pauls comparison.

A central bank is not comparable to a normal commercial bank, said David Blanchflower, a professor at Dartmouth College and former member of the Bank of Englands rate-setting Monetary Policy Committee. Central banks, with their own currency that they can borrow in, dont go insolvent.

Benn Steil, economist at the Council on Foreign Relations, said, the Lehman comparison is silly.

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Unfriend the Fed: Rand Pauls Attack Re-examined

Rand Paul doesnt plan to campaign with his father and hes spent years reassuring other Republicans that hes cut from a different mold than libertarian icon Ron Paul. But over the weekend, the likely presidential contender reminded voters of one area in which the two Pauls are in agreement: auditing the Federal Reserve.

The senator launched a fundraising campaign on Twitter dubbed an Audit the Fed moneybomb. For four days, his Twitter account offered missives such as, Federal Reserve officials are attacking me. Personally! Help fight back; and President Obama wants nothing more than to stop #AuditTheFed.

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The latest number listed on the web page affiliated with the effort, which ran through Monday night, showed about $80,000. The initial goal was $150,000. Paul officials didnt immediately respond to a request to clarify that $80,000 was the final four-day haul. The initiative was run through Pauls political arm, RANDPAC.

His Twitter spree built off of a Friday event in Iowa, where Paul slammed the Fed before a libertarian-leaning crowd, blaming the institution for rising income inequality and expressing support for ultimately dismantling it. The issue resonates with the liberty wing of the grass roots. But in seizing on a position so closely tied to the elder Paul, a controversial former congressman, the senator also highlights his ties to a corner of the base that makes establishment Republicans queasy.

Rand Paul has also pushed an Audit the Fed bill in Congress that has support from Republicans who dont fall toward the libertarian wing of the spectrum, including potential 2016 rivals Marco Rubio and Ted Cruz.

Fed officials have blasted Pauls push.

Who in their right mind would ask the Congress of the United States who cant cobble together a fiscal policy to assume control of monetary policy? Richard Fisher, president of the Federal Reserve Bank of Dallas, told The Hill last week.

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Paul makes 'audit the Fed' fundraising push