Tuesday, August 25, 2009

Ron Paul logically dissects every argument against H.R. 1207

I came across this video, which was subbed bv the same person who did the European Union documentary found elsewhere in this blog.

In this speech on the House floor, Ron Paul fights back against those who do not want H.R. 1207, otherwise known as the Audit the Fed Bill, to be passed. This speech was delivered in late July of 2009, and every argument against this bill is reasonably and logically ripped in shreds. What do they have to hide? Where did our money go? Who did it go to?

This clip is especially enlightening now that we learn that President Obama nominated Ben Bernanke for a second term as the chairman of the Fed.

Also disturbing are Timothy Geithner's comments when asked about H.R. 1207.

In an interview released today by Digg and the Wall Street Journal, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed spearheaded by Texas Congressman Ron Paul. A visibly uncomfortable Geithner attempts to dismiss the question by stating "I'm sure people understand that you want to keep politics out of monetary policy." When Geithner is again pressed on the issue, he makes the stunning assertion that conducting an audit of the Federal Reserve — something never before done in its 96 year history — is a "line that we don't want to cross," proclaiming that such a move would be "problematic for the country."

Maybe it's just me, but the feeling I get from Geithner is that he sounds like the all powerful Oz saying "there is NOTHING behind this curtain!". And Bernanke, the star of "The Fed Under Fire", gets another few years at the helm of the Fed.