Category Archives: Transhuman News

Success Council Exposes Harry Reid as a Flip-Flopper To Audit the Fed. Even Mitt Romney supports HR 459, the Bill To Audit the Fed, Introduced by Ron Paul. Meanwhile, Harry Reid, Who Has Previously Supported an Audit, Now Denies the Bill a Chance on the Senate Floor. Success Council, a Group Teaching People How To Profit and Prosper From the Upcoming Economic Crash, Reacts With An Online Video Slamming Reid.

San Diego, CA (PRWEB) October 12, 2012

Audit the Fed Bill passed the House in July, and now is being stopped from a meaningful vote in the Senate by Harry Reid, who previously was an adamant supporter of the Bill. But why?

Online commentator and libertarian advocate, http://www.SuccessCouncil.com, reacts with a strong online video response slamming Reid for being a hypocrite. In the video, Success Council makes the argument for the Audit the Fed bill and explains Harry Reids hypocritical statements.

To watch the full video, visit: http://www.youtube.com/watch?v=Xvd5xFSwKcg&feature=share&list=PL1zCD-urlm3jUAE-MpWaP_PyOx7CncHQB

HR 459, the Federal Reserve Transparency Act of 2012, is the Bill to Audit the Fed. Introduced by Congressman Ron Paul, the Audit the Fed Act hopes to audit the printing of money and the manner in which loans are made to a bank. The Audit the Fed Bill also plans to audit the Board of Governors of the Federal Reserve System and the Federal reserve banks. HR 459.

More specifically, the Audit the Fed bill will require the Comptroller General of the United States to conduct an audit of the review of loan files of homeowners in foreclosure in 2009 or 2010.

The audit will consider the Board of Governors and other consultants' advise to the banking system when considering loans. It will also take into account the financial devastation of homeowners.

Ben Bernake, chairman of the Fed, doesnt want the Audit, and has said, We think we are quite transparent My concern about the legislation is that if the GAO is auditing not only the operation aspects of the programs and the details of the programs but making judgments about our policy decisions, would effectively be a takeover of policy by the Congress and a repudiation of the independence of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.

Of course, the Libertarian view is exactly the opposite, and on the floor of the House Financial Services Committee Ron Paul (Audit the Feds author) said, Transparency in monetary policy is a goal we should all support. He went on to point out that, The dollar today is only worth .4 cents compared to the dollar the Fed started with in 1913.

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Audit the Fed: By Ron Paul, Supported By Mitt Romney and Harry Reid On The Fence: Success Council Slams Harry Reid ...

Speaking on the CNBC web show "Futures Now," Texas Rep. Ron Paul, a failed presidential candidate for the Republican Party, pointedly refused to endorse Mitt Romney, apparently seeing little difference between him and President Barack Obama.

Why the non-endorsement of Romney by Paul

Paul's disdain for Romney stems from his belief that the Republican presidential candidate will not make the cuts in federal spending that Paul believes must be made in order to stave off fiscal collapse, according to CNBC. In this Paul sees little difference between Romney and Obama. Paul also believes that Romney's and Obama's foreign and monetary policies are pretty much the same.

Paul inveighs against federal spending

Paul, in keeping with his decades long campaign against federal spending, recently wrote a blog post in which he mused on the number of people who are dependent on the federal government. He included not just people on welfare, but also seniors who collect social security and Medicare. While Romney suggested that 47 percent of the American people are dependent on government, Paul pegs the figure at 53 percent. Paul also attacked corporate welfare, which as he sees it has made private business more and more dependent on government.

Paul won't support Gary Johnson either

Thus far Paul has been rather coy about who if anyone he might support for president. In an Oct. 3 interview on Fox Business News, Paul suggested that he might support Gary Johnson, the Libertarian Party candidate for president, according to Buzzfeed. However, in a Sept. 4 interview in the Daily Caller, Paul specifically refused to endorse Johnson either, even though the libertarian candidate is actively campaigning for the support of disaffected Paul voters.

The Rand Paul problem

Paul may be restrained from endorsing a third party candidate or even going third party himself because of his son, Kentucky Sen. Rand Paul. The younger Paul, who supported his father's run for the presidency during the primary campaign, officially endorsed Romney as soon as it was obvious that the older Paul could not win the Republican nomination, according to the Washington Post. This has placed the older Paul in an awkward position. On the one hand, many of Paul's followers condemned his son's endorsement of Romney as a betrayal. On the other hand, while the younger Paul intends to work within the Republican Party, any move by Ron Paul that would jeopardize Romney's chances at the presidency would essentially end Sen. Paul's political future.

Texas resident Mark Whittington writes about state issues for the Yahoo! Contributor Network.

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Ron Paul Sees No Difference Between Mitt Romney and Barack Obama