Ron Paul: I Think They're Going To Destroy The Dollar!

siftbotsays...

Tags for this video have been changed from 'Ron Paul, alan grayson, congressman, audit, federal reserve, dollar, collapse' to 'Ron Paul, alan grayson, congressman, audit, federal reserve, dollar, collapse, ratigan' - edited by burdturgler

NetRunnersays...

So, I got this e-mail from Ron Paul's Campaign for Liberty group, literally today. The first paragraph was as follows:

Dear NetRunner,

I'm not sure if you saw my email last week warning you about how dangerously close Congress is to empowering the Fed. Due to a backroom deal between Senator Reid and Senator McConnell, Republicans in Congress have ended their filibuster of Dodd's "Fed Empowerment" Act.

Time is running out to kill this legislation that would dramatically expand the powers of the Federal Reserve.

I sincerely hope you will take a few moments to read my message and take action to demand that your senators kill the Dodd "Fed Empowerment" Act.


The e-mail goes on to implore people to call their Senator to vote against the bill.

You might wonder why I quote this. It's because the "Dodd 'Fed Empowerment' Act" is the exact piece of legislation they're hoping to amend with the Audit the Fed language.

That's either hypocrisy or incompetence.

For comparison, here's an e-mail I got from Alan Grayson's campaign, also today:

Dear NetRunner,

Last year, I asked the Vice Chairman of the Federal Reserve Board who received $1 trillion in funds that the Fed handed out to domestic banks and financial institutions. He said, essentially, "I'm not going to tell you." More recently, I asked the Chairman of the Fed who received the half trillion dollars - that's $500,000,000,000 - that the Fed handed over to foreign central banks. He said he didn't know. Half a trillion dollars, and he doesn't know!

That kind of ignorance and arrogance must end. We need to audit the Fed. And now we're closer than ever.

The House passed our bill to conduct the first independent audit of the Fed in its 96-year history. Now it's time for the Senate to act.

A bipartisan group of Senators is pushing for an amendment to audit the Fed. This amendment is similar to the legislation that we passed in the House last year. It's called the Federal Reserve Accountability Amendment. It will ensure that the American people know to whom the Fed is lending our money.


The e-mail goes on to implore me to call my Senators and ask them to support the Audit the Fed amendment.

This is part of why all warm feelings I once had for Ron Paul are long since gone. I'm on his e-mail list, so I know what he's asking people to call their representatives about. I know that he parroted Republican scare stories during the debate on health care. Now he's literally asking people to phonebank against reforming Wall Street, even while he's going on TV to blow his horn about how he hopes to amend the bill he's campaigning to keep from being brought to a vote (aka filibuster).

He should be embarrassed.

NetRunnersays...

>> ^marinara:

netrunner says ron paul's a hypocrite b/c he opposes the senate bill in general.
i think he might be a wacko libertarian, but a hypocrite?


@marinara, let's make it simple:

Ron Paul on TV wants people to think he's in cahoots with Alan Grayson to shape the bill with a bipartisan amendment.

Ron Paul in e-mail wants people screaming "Kill the bill" at Senators.

If he cares about getting the Audit the Fed thing done, one way to do that is to cut a deal with Democrats, and take the good with the bad. If what he really cares about is stopping evil socialist Democrats, he shouldn't appear in a segment with one and pretend it's a bipartisan love fest. Instead, he should make his position clear.

Add in that this Audit the Fed thing is a signature issue of his, and he doesn't even mention that he'd rather kill this bill than pass Audit the Fed as part of it.

I find the whole thing hypocritical.

Lawdeedawsays...

@Netruner
Since this is my first foray into sift territory, let me introduce myself. I am a conglomeration of whatever works best, be it libertarian (In a states right's kind of way,) Democrat (Probably mostly this) and Republican. I find absolutisms nerve-racking and enjoy playing a nice game of bridge with 80 year olds... Okay, that last part is a lie. Lasly, I do not value Ron Paul for all his political stands. I value Ron Paul because he is the least corporate hack I have seen in office, and that makes him rare.

Now, to the issue at hand...

Good with bad... good with bad... where have I heard that "least of two evil" argument before? Ah! I heard this in every bill that has ever existed in the House and Senate since the nation began taking baby steps! That same mentality has altered the course of our nation and usually, completely, removes the intent of laws so far from their goal they are useless. Compromise is neither a postive nor negative word. It just means that no one gets what they wanted…

“Oh, but compromise is necessary." Oh, I am married so I know "compromise is necessary..." In fact my marriage must be flawless because we both never get what we want... Yep, sounds right.

That, and say Dodd passes "his" bill and takes claim for audit the fed. Stealing is never nice. As you said, it is Pual's legacy.

Additionally, I am sure the language in Dodd's bill and Paul's is "slightly" off somewhere and that the miniscule divergence will ultimately be the factor that makes one bill effective and one bill ineffective. Honestly, I have not read Dodd's bill so I won't comment on it. However, history is a precursor so my assumption is rather safe. Sometimes, the best way to protect someone like the Federal Reserve from the people or lawmakers is to propose a “harsh law” first, that way it gives people the illusion of a problem solved. And if people think something has been done, they back off their attacks.

Lastly, Paul is against evil socialist democrats, however, he has worked with many in the past. That too, is his legacy.

NetRunnersays...

@Lawdeedaw, the Dodd bill isn't a knockoff copy of Audit the Fed, it's a bill that mostly focuses on regulating banks to try to prevent the super-craziness with derivatives, leverage, and repo, as well as a bit in there about trying to regulate disclosures for regular consumers.

However, Paul's exact Audit the Fed language will be introduced as an amendment by Bernie Sanders (I-VT, and has in the past called himself a Democratic Socialist).

Paul's sending out e-mail to supporters asking them to call their Senators to vote to kill the Dodd bill.

He's not asking them to call and support his Audit the Fed amendment, he's asking them to kill the bill that it might be an amendment to, while at the same time I'm getting campaign e-mail from several Democrats (not just Grayson) asking me to call my Senators in support of the Audit the Fed amendment.

I find it sad and infuriating that Paul's PAC is whipping against the bill on the same day he's out mugging for the cameras about an amendment to the bill he wants to kill.

If it becomes law, it will be despite his efforts, not because of them.

NetRunnersays...

>> ^NordlichReiter:
This "Financial Stability Oversight Council" seems be the thorn in the Liberty Party's side.


I think "sponsored by Chris Dodd" was really all it took.

Libertarian political positions are as easily modeled as Republican ones -- if it's something anyone even slightly progressive would like, they're against it.

If that's the choice they're making, then they should own up to it, not pretend like they're negotiating with progressives in good faith to pass some piece of non-partisan legislation.

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