AutralianChainsaw
Member
+65|6212
here's Ron Paul Opening Statement at today's Fed Hearing.



http://www.youtube.com/watch?v=pSRvnXtrmtE

This wise man summed it up pretty well.  This is just the beginning of the end if things don't start to change radically..

Why do i care you say? I'm not even american you say?    Yep u are right.. i am canadian and we all know that Canada would be nothing if it wasnt for our big neighbor down there.  If America goes down, we go down.

If you still think that as a normal citizen, you cannot do anything about it, you are wrong.. 

Call your representative in the senate/congress.. and push them to support HR1207 (Federal Reserve Transparency Act).. Ask your friends and family to do the same.

This bill have already 275 cosponsor in the House (H.R. 1207) and 17 in the Senate (S. 604).

Wake up and do something.

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207

And here's where you can find who is your representative and how to reach him:

http://www.usa.gov/Contact/Elected.shtml

Last edited by AutralianChainsaw (2009-07-21 11:11:48)

Bertster7
Confused Pothead
+1,101|6596|SE London

372% of GDP!

The man speaks sense. Debt needs to be paid off or liquidated.
13urnzz
Banned
+5,830|6511

Ron Paul has sent more radical legislation in the past, and couldn't get co-sponsors for his bill before.
i'm glad to see he's willing to take this step, and even happier to see he picked up support.
SealXo
Member
+309|6550
Ron Paul knows his shit
ATG
Banned
+5,233|6543|Global Command
Ron Paul for president.


We have to stop this madness. Or this will become a world wide circumstance.

https://i28.tinypic.com/11welom.jpg
Deadmonkiefart
Floccinaucinihilipilificator
+177|6720
Debt is 372% of GDP right now, while it only reached 301% GDP during the great depression... That's not good.
Diesel_dyk
Object in mirror will feel larger than it appears
+178|6008|Truthistan
Thanks for the video Chainsaw.

I was trying to watch the hearing on CNBC... but the fishheads on CNBC censored Pauls opening statement, now I see why, we can't have true statements on the economy clashing with the CNBC's speculative inflate the market pom pom rah rah brigade.
CNBC also censored on of Bernanke's answers to one of Paul's questions. Just when the answer was getting interesting, the clowns on CNBC broke in with "breaking news" which was to tell us all that we were watching Bernanke, and Kudlow had this stupefied look on his face and then they broke back to the Q&A right after Bernanke finished answering.... it was a real nice piece of censorship, the type of crap journalism you would expect from a snake oil salesman, not a top line news outlet.

I especially liked the question on inflation to Bernanke who said that inflation is measure by the CPI. But the CPI numbers are cooked using "geometric weighting" and "hedonic adjustments" to show that inflation is lower than it actually is. From here That means if you have a COLA in you wage contract or in fixed income and its tied to the CPI then you've been getting screwed for the past 5 or 10 years. Its also another reason why wages have not kept pace with inflation and resulted in the increase in debt people have taken on. And it is was a way for Congress to trim billions from Social Security without actually having the balls to make cuts through actual legislation.

Bernanke also likes to turn a blind eye to M3 money as an inflationary factor. In fact, shortly after Bernanke took over the Fed the Fed stopped reporting M3 and surprise surprise the amount of M3 is now growing exponentially, which as Paul rightly points out will devalue the dollar and cause huge spikes in inflation... it is in fact a hidden tax on savings and its going to rob people who are on fixed incomes, both of which are taboo items that Congress would never pass a law to do, so in that respect the Fed is acting as Congresses dirty little henchman which pretty much describes Bernanke to a tee. BTW when we get the huge spikes in inflation from the huge spike in M3 in the monetary system, then that's the time that Bernanke is saying that interest rate will go up, so we will not be seeing inflationary growth due to actual economic growth, but inflation will be from the increase in M3, then there will be a rise in interest rates to cool off inflation, That's should cause a really nice contraction in the economy..... I guess at that time they will have to coin a new term like "super stagflation" or "Bernanke BS Stagflation."

At least we will know who caused it [Bernanke] and who tried to save us [Paul]. May be in 10 years we will have a law for economic high treason and we can sharpen up the guillotine.

PS I hope the next fed chief has a easier name to spell, like Ron Paul. Ron Paul for Federal Reserve Chief... get your bumper stickers here.
AutralianChainsaw
Member
+65|6212
Thanks for the post diesel, one day the light will shine on the activities of the fed..and what will be discovered will not be pretty... that's why all americans need to do everything possible to help pass H.R 1207.

Here's another great video showing Ben S. Bernanke shaking in his underwear while getting grilled by Alan Grayson, a democrat i discovered recently while reading one of ATG's thread.



http://www.youtube.com/watch?v=2_VCy0lMU1g

I like the way Grayson laugh while asking question to Ben S.
Diesel_dyk
Object in mirror will feel larger than it appears
+178|6008|Truthistan

AutralianChainsaw wrote:

Thanks for the post diesel, one day the light will shine on the activities of the fed..and what will be discovered will not be pretty... that's why all americans need to do everything possible to help pass H.R 1207.

Here's another great video showing Ben S. Bernanke shaking in his underwear while getting grilled by Alan Grayson, a democrat i discovered recently while reading one of ATG's thread.

http://www.youtube.com/watch?v=2_VCy0lMU1g

http://www.youtube.com/watch?v=2_VCy0lMU1g

I like the way Grayson laugh while asking question to Ben S.
Well now we know one of the reasons why the dollar took a dump against the Euro. And look at the balls on Bernanke "Its a coincidence


0.5 trillion taken right out of the country.... that quite the bank heist. Unelected small group of people with the power to order the treasury to hand out 1/2 trillion to foreigners.

Hats of to Grayson for reading the Fed data and actually being able to connect the dots. "
I believe to dots spelled Bernanke is a F'n Liar
Macbeth
Banned
+2,444|5600

I can't fucking wait to go back to the bartering system.
ATG
Banned
+5,233|6543|Global Command
What a strange world we live in. Grayson is my current political hero.


I don't hear anyone besides Ron Paul talking about the disaster that is the fed and the whoring of our currency to foreign central banks.
Harmor
Error_Name_Not_Found
+605|6563|San Diego, CA, USA
Wow...Grayson really nailed him.  BTW, anyone ask who gets the interest money?  Or what interest rate they gave the money at?
mtb0minime
minimember
+2,418|6669

We really need an extremist radical like RP to get anything done. This country is going to shit and no one gives a fuck.
oug
Calmer than you are.
+380|6533|Πάϊ

Macbeth wrote:

I can't fucking wait to go back to the bartering system.
Actually there are ways of doing that today.
ƒ³
Braddock
Agitator
+916|6304|Éire
Ru Paul for President.
Cybargs
Moderated
+2,285|6730

Braddock wrote:

Ru Paul for President.
Too late lulz.
https://cache.www.gametracker.com/server_info/203.46.105.23:21300/b_350_20_692108_381007_FFFFFF_000000.png
Chorcai
Member
+49|6662|Ireland

ATG wrote:

Ron Paul for president.


We have to stop this madness. Or this will become a world wide circumstance.

http://i28.tinypic.com/11welom.jpg
Amazing photo. Just amazing, I remmber seeing it before.

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