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H.R. 1207 Audit the Fed

by on Aug.03, 2009, under Finance

Congressman Ron Paul of the 14th District, Texas has introduced a bill to audit the Federal Reserve which has gained great support in the House.   As of 8/3/09, there were 282 co-sponsors.   Click here for details on H.R. 1207.

The mainstream media is largely ignoring it – choosing instead to focus on distractions such as Michael Jackson and President Obama’s beer party.

A Google news search for HR 1207 has the top search results which list the following media outlets in order:

Liberty Maven
Philadelphia Bulletin
Examiner.com
DigitalJournal.com
Christian Science Monitor
All Gov
You Tube
PoliticalLore.com
Washington Times ( titled:  A compromise on auditing the Fed?)

A google news search for Michael Jackson has the top search results which list the following media outlets in order:

Los Angeles Times
You Tube
New York Daily News
Reuters
ABC News
USA Today

What is wrong with this picture? The mainstream media is clearly suppressing this story.

Bill Maher did bring it up on the Friday, July 31st 2009 episode of Real Time with Bill Maher on HBO. See this video:

Listen to that pompous ass Niall Ferguson.   What a shill.

Maher:

It was in the paper today, that all these banks, who we bailed out, who lost huge sums of money – gave out bonuses,  like a thousand people got bonuses, over a million dollars – from Goldman Sachs and Citibank – Shitty Bank as I call it – Skank of America – some of these big, giant banks that failed.  You don’t think there is a giant disconnect between what’s really going on in America, and the real people out there, and Wall Street?

Maher continued:

Ron Paul this week asked for an audit of the Federal Reserve.   And Elliot Spitzer, who – despite what he likes in his sex life – knows a lot about this, and I trust, said:  The Federal Reserve is a giant Ponzi scheme.  That scared the hell out of me.   I don’t know what the Federal Reserve is.   I don’t know what they are doing.  And what I do know, is that I don’t know.  I feel so disconnected to this financial mess.   I can’t understand it.  I don’t even know if the people who are supposed to be the experts can understand it.

Ferguson replied:

I think if anybody understands this crisis, it’s Ben Bernanke.   After all, he dedicated most of his life to studying the great depression.   And, we’re really lucky that he’s in that job.   His predecessor, Alan Greenspan, in many ways screwed up.  You could say that the bubble was in large measure a result of his negligence, when he didn’t raise interest rates early enough, and let the real estate market go crazy.  But we’re quite lucky, because Bernanke has got this right so far.   And my great fear is that congress is gonna get power over the Fed.  That’s the nightmare scenario – that we have those crazy people on the hill starting to control monetary policy.  Then I really will go back to Britain.

Loud laughter and applause followed.  That’s right, a British Harvard Professor just told the American people on national TV that congress shouldn’t be in charge of monetary policy, and they took it hook, line, and sinker.   Translation:  you stupid people should have no say in U.S. monetary policy, because the people who represent you are too crazy.    Instead, a private group, the Federal Reserve, should control your destiny, and not be subject to audit.

Talk about an elitist agenda!   It was shocking that people laughed and clapped.

After looking up Niall Ferguson on the internet, I discovered that he was behind the recent PBS series, “The Ascent of Money“.  Having watched part of that a few weeks ago (the positive spin put on the Rothschild family struck me as odd then) I now find it is all starting to make sense.  Niall Ferguson is most likely a Rothschild puppet – and his opposition to H.R. 1207 and auditing the Federal Reserve on national T.V. is damming – clearly his intent is to propagandize on behalf of the Fed.

Even more reason to support Ron Paul’s bill.  Audit the Fed!

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