Dec 13, 2009
Hour of Power
Ron Paul's Hour of Power
Government – of, by and for the government
"In questions of power, let us hear no more of trust in men,
but rather bind them down from mischief
with the chains of the Constitution
-- Thomas Jefferson"
Today, the Constitution no longer binds men down with the chains of the Constitution.
The 17th Amendment is the primary reason the Fed is out of control.
However, the disastrous 17th Amendment was passed when there was no 17th Amendment, so how were States lulled into passing this monstrous Amendment?
After all, the States created the Federal government in 1789 with the creation of the Constitution, and the States certainly intended to constrain it to only the few areas of responsibility the States intended for it.
Constitutional Fault #1
The Achilles hell of the Constitution, a problem the Founders never would have envisioned, was the invention of the telegraph and mass-produced newspapers where one New York Times newspaper could telegraph the news (as they saw it) to all other newspapers all over the country. Later, the invention of electronic mass media where one anchorman could hold a one-way conversation with 300 million Americans every night on the nightly news further created an oligarchy of unelected, unaccountable news reporters with an anti-Constitutional agenda.
This newly invented mass-media oligarchy talked America into the 17th Amendment, which bypassed the veto power of the States over actions of the federal government.
This opened the floodgates to most of the other abuses.
Constitutional Fault #2
Checks and Balances was supposed to have bound individuals to the Constitution with the threat of Impeachment.
However, the two thirds requirement for conviction has made it to where the legislature rarely impeaches anyone in the executive, the judicial, and especially from their own ranks, and they are all "birds of a feather" anyway.
This article will conclude with an appeal for an independent State-appointed watchdog agency whose soul authority is the impeachment of federal employees who violate their oath of office to uphold and defend the Constitution of the United States.
Pat Buchanan talks about Ron Paul's Audit the Fed
Pat Buchanan states the Founder's belief that we should trust no man -- "Congress cannot be trusted with the nation's money supply."
Having congress audit the fed is like sending wolves to inspect the chicken coup.
Yet, if Congress cannot be trusted, then should we not be doubly untrusting of unelected, unaccountable bankers with our money?
Is it not an admission that, though Congress was created by the Constitution, and the Fed is a creation of Congress, our elected representatives cannot be trusted with the money supply, cannot be trusted with control of the nation's central bank? To have decisions made in the national interest, we need folks who do not have to answer to voters?
-- Pat Buchanan
True, Congress would have destroyed the money supply if they had been directly controlling it, but are they not just as guilty of destroying the money supply by handing it over to a group of unelected, unaccountable bankers, who are above the law? No one should be above the law (even Supreme Court Justices)
The Fed is the cause of instability in the economy;
whereas, a free market is self-regulating
The only value newly printed money can possibly have would be taken from money already in circulation.
Value is directly proportionate to an items rarity. The more of it there is, the less the value per unit.
Friedman and Bernanke have already both confessed that the Federal Reserve, created in 1913, greatly expanded America's borrowing during the late 1920's, causing the bubble we call "The Roaring 20's", which was the immediate cause of our "first" Great Depression. The Fed's actions during the Great Depression only exacerbated the Depression they caused.
While supporters of the Fed say, "Thank God we had the Fed to save us and bring us back from the abyss!", critics of the Fed say, "If we did not have the Fed, we would not have had this mess in the first place!"
What opponents of Paul's audit are thus saying is that elected legislators must be kept out of the temple where the great decisions about the economy are made, that these decisions must rest with bankers and economists answerable, as is the Supreme Court, to themselves and no one else.
But has the performance of the Fed been so brilliant any intrusion upon its privacy is sacrilege?
Among the failures of the Fed is the Great Depression. As Milton Friedman related in his "Monetary History of the United States," for which he won a Nobel Prize for Economics, the Fed hugely expanded the money supply in the mid-to-late 1920s.
Following a path of least resistance, the money flowed into the equity markets, where stocks could be bought on 10 percent margin. The market soared, and a huge bubble was created. When it popped, scores of thousands of investors conducted a run on the banks to get their money out to meet their margin calls.
Thousands of banks, short on cash, closed. One-third of the money supply was wiped out, and the Fed failed to replenish the lost blood. Thus did the Fed cause the Great Depression.
Smoot and Hawley were framed.
-- Pat Buchanan
With almost free interest rates,
the Fed takes the "Free" out of the Free Market
"We have the circuses, but where is the bread?"
The printing press is the manufacturing base of the Fed while interest rates are its play-toy.
Interest rates are agreed upon charges which someone needing money agrees to pay to the person they are borrowing the money from. In a free market, a real capitalist market that is, that interest rate should be set by the free market.
Instead, it is artificially set by a Fed that can print any amount of money from out of thin air, allowing it to make any amount of interest received as its profit.
When you have zero risk of losing your investment (you can always print more dollars), then the Fed has no need for a premium to cover risk, that is, to recover a percentage of bad loan no-pays. They can then artificially set the interest rate to an unnaturally low level and run free market competitors out of business.
With absolutely no worries about risk, the Fed can also afford to loan to risky borrowers, bringing instability into a stable system. If done on purpose, the conspirators would make sure that "the crisis would not go to waste" and impose even more controls over the people's money and hence the people's lives.
Make no mistake about it. There is NOTHING capitalist about our banking system. It is a monopoly. It is communistic. It is rigged. And it is failing!
USDs are stock in our nation. When GE prints more stock, they are required by the SEC to inform the shareholders and even then, it have better be because GE wants to expand their market with more factories and hence make the shareholders even more money. When Bernanke gets away with printing more "USD stock" its only purpose is graft and corruption, leading to a dilution of the value of the "USD stock" value and a complete loss to the shareholders, the American citizen?
Moreover, every bubble from the dot-com of the late 1990s to housing this decade is a result of Fed policy. For unless there is an excess of money sloshing around, funds that surge into one market, be it housing, stocks or Third World loans, have to come out of another.
Moreover, if the Fed has not failed dismally in its duty to keep prices stable, how come candy bars and Cokes that cost a nickel in the 1950s cost 50 or 75 cents today, and new Cadillacs that sold for $3,200 in the late 1940s cost $55,000 or $60,000 now? Who is responsible for inflation, if not the Fed?
Moreover, it is now conceded that the Fed, in the early years of this 21st century, kept interest rates near 1 percent for too long, and created the bubble that popped in 2008 and almost brought down our own and the global economies.
Because the Fed can create money out of thin air, we have been able to wage wars on credit, shovel out trillions in foreign aid, World Bank and International Monetary Fund loans, and run humongous budget and trade deficits that have brought our country to the brink of ruin.
-- Pat Buchanan
Being Smarter than the average man
is a One-way Street
for the Economists
in Wall Street and at the Fed
The old saying still goes, "What is good for General Motors is good for America!"
Like GM, the US Government is bankrupt and must be restructured.
Tim Geithner tells us that we have lost 61 billion dollars from AIG and the auto industry, from which comes this sad joke about this financial mess:
Treasury Secretary Tim Geithner confirmed today that we are expected to lose $61 billion of our investment in the auto industry and AIG. He admits he lost $61 billion of our money. To which Bernie Madoff goes, “Hey, I could have done better than that. Why isn’t he in jail?”
The difference between Jewish Sadducee Bernie Madoff and his Kosher pals Bernanke, Greenspan, Rubin, Volker and Tim Geithner is Bernie was convicted and sent to prison for operating a Ponzi scheme.
The sad truth is that the economic wizards of the Fed who tell us to trust them in knowing that Armageddon will occur if the Fed is not given authority to spend trillions of dollars to keep the economy afloat right now are the same ones who never lifted a finger to stop it from happening in the first place.
For million of Americans not getting multi-million dollar Wall Street bonuses, Armageddon has hit even after we gave Wall Street everything they asked for.
The question we all want answered is, "Wasn't it your job to make sure we never got into this situation in the first place?"
If Bernanke is a genius, how is it he didn't see the train wreck coming and had to double-time it to the Hill with Hank Paulson to plead for $700 billion to bail out AIG, Fannie and Freddie, and buy all that rotten paper on the books of Citibank & Co.?
The greatest economy the world had ever seen has been horribly mismanaged and virtually ruined by the decisions of presidents, Congress and the Federal Reserve. Main Street has been wiped as Wall Street was bailed out. Why?
Bring on the auditors!
-- Pat Buchanan
Why are these bums not fired like any other employee who fails so miserably?
Usury takes on a new Form
As evidenced by the greatest Christian of his day, Pope Clement VIII, the serious problems of 400 years ago seem to be the exact same problems we are having today.
All the world suffers from the usury of the Jews, their monopolies and deceit. They have brought many unfortunate people into a state of poverty, especially the farmers, working class people and the very poor.
Then as now Jews have to be reminded intermittently anew that they were enjoying rights in any country since they left Palestine and the Arabian desert, and subsequently their ethical and moral doctrines as well as their deeds rightly deserve to be exposed to criticism in whatever country they happen to live.
-- Wikipedia -- "Pope Clement VIII and Judaism"
Sell USDs... buy gold. Fed Chairman Ben Bernanke has not yet found a way to make more gold.
Our elected representatives cannot be trusted with the money supply, cannot be trusted with control of the nation's central bank?"
That's why the money supply should be tied to gold/silver. The gold standard takes these decisions out of the hands of any man.
In the final analysis, bankers have taken control over the economy, but it was the job of Congress to insure this never happened.
The ones who should control the economy are the innovators, the ones who start new companies and challenge old companies.
Bankers should never become the arbiters of who succeeds and who fails. They should invest in the market and protect the deposit of citizens.
With inflation, few citizens have deposits in the bank anymore; therefor, the banks get the lion's share of their deposits straight from the Fed, making the banks slaves to the Fed, and in turn, making businesses a slave to the banks who are a slave to the fed.
THE FED IS NOT THE PROBLEM, CONGRESS IS!!!!!!
Throw the Bums Out should be our National Motto.
Checks and Balances
Supreme Court as Referee
Pat Boone has a feeling of what needs to be done.
Without stating a common sense way to get to where he wants, Pat suggest that we reinstate a moral government, where the legislature balances the executive, with the Courts being the unbiased referee.
Ben Franklin warned:
"Beware; if the congressmen discover they can appropriate funds by taxation for their own purposes, the republic will be lost."
President John Adams stated:
"We have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, or revenge, would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other."
When Congress in 1792 appropriated $15,000 to assist some French refugees, James Madison wrote disapprovingly,
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of our constituents."
The framers of the Constitution foresaw, even foreordained, a competitive tension between the executive and legislative branches of this government, so they made the judicial branch the referee, determining which branch was adhering to the Constitution and which was usurping powers not granted it.
And to make sure the elected representatives obeyed the Constitution and the expressed wishes of the people, they knew they could be kicked out of office after serving a short term. The people were in charge. The people ruled.
-- Pat Boone
Checks and Balances
We need more of it!
And a common Sense way to do it
It is about time we audit the Fed, but Congress should not be the ones doing it.
We need an independent watchdog agency answerable only to the association of states. Public employees are "public", they should accept public agency review as a condition of employment.
A Watchdog Group has already been proposed for the mass-media
This site has already proposed a Constitutional Amendment to create an independent watchdog agency over the mass media, with State legislators given the authority to appoint commissioners for oversight of the electronic mass-media monopoly, which would have been considered science fiction to the Founding Fathers. One man telling 300 million Americans the nightly news would have been the height of tyranny to Revolutionary American citizens.
The Constitutional reason for this is that the voters cannot elect the Constitutional representatives if the only information they get is from a mass-media oligarchy who is well known and well documented to lie -- a mass-media who withholds information they do not like or spins and distorts it into irrelevancy, while at the same time, massively promotes all information they like.
The electronic mass-media is unconstitutional on its face.
This site now envisions a second watchdog agency created by the States who has only one charter -- truth.
Traditional free speech, as existed at the time of the founding of this country would be exempt.
A Second Watchdog Group is proposed for impeachments
There is not nearly enough impeachments happening with our existing checks and balances. (And God knows we need plenty of impeachments!)
President Clinton was impeached over lying about a basic sexual harassment in the workforce infraction. This was like giving the death sentence for speeding.
However, Clinton should have been impeached for a number of unconstitutional infractions -- Waco and Chinagate come to mind.
Supreme Court justices should have been impeached over the Roe v Wade ruling, which stated that the murder of a woman's baby was a Constitutional right.
Think about this for a second. Who in government will bring ethics charges? The Department of Justice? He reports to the President, so he will no investigate the President or any of the President's Cabinet members.
And we all know that the Congressional ethic committees is a joke investigating itself!
At the very least, the two thirds majority to impeach in the House should be kept, so that politics is kept to a minimum, while the two thirds majority needed to convict in the Senate should be reduced to a simple majority.
While an alternative would be for the creation of a States-appointed watchdog agency which would be given impeachment authority over any and all federal government employee -- from the President, to cabinet members, to Senators, to Supreme Court justices.
Of course, the State representatives to this watchdog group should itself be impeachable by their respective State legislatures.
You can read further at The Problem
You can read further at The Solution
Its the Jews, Stupid!
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