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Janet Yellen Is Freaking Out About “Audit The Fed” :: Here Are 100 Reasons Why She Should Be

By Michael Snyder, on February 24th, 2015

Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created.  If the Fed is doing everything correctly, why should Yellen be alarmed?  What does she have to hide?  During testimony before Congress on Tuesday, she made “central bank independence” sound like it was the holy grail.  Even though every other government function is debated politically in this country, Yellen insists that what the Federal Reserve does is “too important” to be influenced by the American people.  Does any other government agency ever dare to make that claim?  But of course the Federal Reserve is not a government agency.  It is a private banking cartel that has far more power over our money and our economy than anyone else does.  And later on in this article I am going to share with you dozens of reasons why Congress should shut it down.

The immense power wielded by the Federal Reserve is clearly demonstrated whenever Janet Yellen speaks publicly.  On Tuesday, her comments about interest rates sent stocks to brand new record highs

Yellen, in her semi-annual testimony before the Senate banking committee, used a word familiar to investors when she reiterated that the central bank will be “patient” on raising interest rates for the first time since the 2008 financial crisis. Traders took that as a sign that interest rates would remain unchanged until autumn.

The Dow Jones Industrial Average rose 92.35 points (0.5%) to 18,209.19, while the Standard & Poors 500 gained 5.82 points (0.3%) to 2,115.48, both eclipsing Friday’s record closes.

But Yellen was also unusually defensive on Tuesday.  The “Audit the Fed” bill that is being sponsored by Rand Paul (among others) has her really freaked out.  The following comes from the Hill

Appearing before the Senate Banking Committee, Yellen was on the defensive, as Republicans questioned how the Fed conducts monetary policy and Democrats put forward ideas for getting tougher on Wall Street.

In the midst of all of it, Yellen generally argued the Fed was designed as an independent entity for a reason — and it would be best not to change it.

“Central bank independence in conducting monetary policy is considered a best practice for central banks around the world,” she said. “Academic studies, I think, establish beyond the shadow of a doubt that independent central banks perform better.”

In fact, she went so far as to mention the “Audit the Fed” bill by name

A GOP-controlled Congress has given the bill its best chances yet of passage, and that renewed interest led Yellen to deliver her most spirited opposition yet.

“I want to be completely clear,” she said. “I strongly oppose Audit the Fed.”

Yellen argued the audit measure would allow politicians to second-guess the Fed’s decisions, which, in turn, would weaken the central bank. And the ultimate victim of that process, she said, would be the U.S. economy.

So what is she so concerned about?

We are all accountable to someone.

What is so wrong about the Federal Reserve being accountable to Congress?

Why can’t we find out what is really going on inside the Fed?

And of course it isn’t just Yellen that is freaking out.  Just consider these comments from Richard Fisher, the president of the Federal Reserve Bank of Dallas…

“It is always politically convenient to make something sound mysterious, if not malevolent, by claiming it is opaque,” Fisher said in a speech to the Economic Club of New York that is part of an effort by Fed officials to fight the legislation.

“My suspicion is that many of those in Congress calling for ‘auditing’ the Fed are really sheep in wolves’ clothing,” he said. “Having proven themselves unable to cobble together with colleagues a working fiscal policy or to construct a regulatory regime that incentivizes rather than discourages investment and job creation — in other words, failed at their own job — they simply find it convenient to create a bogeyman out of an entity that does its job efficiently.”

Obviously this is a very, very touchy subject over at the Fed.

It is quite clear that they do not want the rest of us to be able to see what they are really up to.

And the truth is that if the American people really did know how the Federal Reserve works and what it has been doing behind closed doors, most Americans would want it shut down tomorrow.

At the end of the day, the reality of the matter is that we don’t even need a Federal Reserve.  I really like how David Stockman made this point the other day…

At the end of the day, American capitalism does not need recycled political hacks like Jerome H. Powell or clueless school marms like Janet Yellen to thrive. If we need a Fed at all, it is the one designed by Carter Glass 100 years ago. That is, a “bankers bank” that was intended to provide standby liquidity at a penalty spread above the free market interest rate in consideration for good collateral originating from inventory and receivables in the real economy.

Under that arrangement, there would be no monetary central planning or pointless attempts to manage the level of GDP, the number of new jobs, the rate of housing starts, the fluctuations of the CPI or the amplitudes of the business cycle. There would also be no pegging of the money market rate, no helping hand for Wall Street gamblers, no cheap debt to enable profligate politicians to kick-the-can down the road indefinitely.

In short, what the nation really needs is not an “independent” Fed, but one that is shackled to a narrow and market-driven liquidity function. The rest of its current remit is nothing more than the self-serving aggrandizement of the apparatchiks who run it; and who have now managed to turn the nation’s vital money and capital markets into dangerous, unstable casinos, and the nations savers into indentured servants of a bloated and wasteful banking system.

The Federal Reserve has been around for just over a hundred years, and it has done an absolutely abysmal job for the American people.

I want to share with you some facts and figures that I have shared before, but they bear repeating.  Please share this list of 100 reasons why the Federal Reserve should be shut down with everyone that you know…

#1 We like to think that we have a government “of the people, by the people, for the people”, but the truth is that an unelected, unaccountable group of central planners has far more power over our economy than anyone else in our society does.

#2 The Federal Reserve is actually “independent” of the government.  In fact, the Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.

#3 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations“.

#4 The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.

#5 100% of the shareholders of the Federal Reserve are private banks.  The U.S. government owns zero shares.

#6 The Federal Reserve is not an agency of the federal government, but it has been given power to regulate our banks and financial institutions.  This should not be happening.

#7 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”.  So why is the Federal Reserve doing it?

#8 If you look at a “U.S. dollar”, it actually says “Federal Reserve note” at the top.  In the financial world, a “note” is an instrument of debt.

#9 In 1963, President John F. Kennedy issued Executive Order 11110 which authorized the U.S. Treasury to issue “United States notes” which were created by the U.S. government directly and not by the Federal Reserve.  He was assassinated shortly thereafter.

#10 Many of the debt-free United States notes issued under President Kennedy are still in circulation today.

#11 The Federal Reserve determines what levels some of the most important interest rates in our system are going to be set at.  In a free market system, the free market would determine those interest rates.

#12 The Federal Reserve has become so powerful that it is now known as “the fourth branch of government“.

#13 The greatest period of economic growth in U.S. history was when there was no central bank.

#14 The Federal Reserve was designed to be a perpetual debt machine.  The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape.  Since the Federal Reserve was established 100 years ago, the U.S. national debt has gotten more than 5000 times larger.

#15 A permanent federal income tax was established the exact same year that the Federal Reserve was created.  This was not a coincidence.  In order to pay for all of the government debt that the Federal Reserve would create, a federal income tax was necessary.  The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.

#16 The period prior to 1913 (when there was no income tax) was the greatest period of economic growth in U.S. history.

#17 Today, the U.S. tax code is about 13 miles long.

#18 From the time that the Federal Reserve was created until now, the U.S. dollar has lost 98 percent of its value.

#19 From the time that President Nixon took us off the gold standard until now, the U.S. dollar has lost 83 percent of its value.

#20 During the 100 years before the Federal Reserve was created, the U.S. economy rarely had any problems with inflation.  But since the Federal Reserve was established, the U.S. economy has experienced constant and never ending inflation.

#21 In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent.  In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent.

#22 The Federal Reserve has stripped the middle class of trillions of dollars of wealth through the hidden tax of inflation.

#23 The size of M1 has nearly doubled since 2008 thanks to the reckless money printing that the Federal Reserve has been doing.

#24 The Federal Reserve has been starting to behave like the Weimar Republic, and we all remember how that ended.

#25 The Federal Reserve has been consistently lying to us about the level of inflation in our economy.  If the inflation rate was still calculated the same way that it was back when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10 percent today.

#26 Since the Federal Reserve was created, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.

#27 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.

#28 The Federal Reserve created the conditions that caused the stock market crash of 1929, and even Ben Bernanke admits that the response by the Fed to that crisis made the Great Depression even worse than it should have been.

#29 The “easy money” policies of former Fed Chairman Alan Greenspan set the stage for the great financial crisis of 2008.

#30 Without the Federal Reserve, the “subprime mortgage meltdown” would probably never have happened.

#31 If you can believe it, there have been 10 different economic recessions since 1950.  The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.

#32 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis.  The following is a list of loan recipients that was taken directly from page 131 of the report…

Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion

#33 The Federal Reserve also paid those big banks $659.4 million in “fees” to help “administer” those secret loans.

#34 During the last financial crisis, big European banks were allowed to borrow an “unlimited” amount of money from the Federal Reserve at ultra-low interest rates.

#35 The “easy money” policies of Federal Reserve Chairman Ben Bernanke have created the largest financial bubble this nation has ever seen, and this has set the stage for the great financial crisis that we are rapidly approaching.

#36 Since late 2008, the size of the Federal Reserve balance sheet has grown from less than a trillion dollars to more than 4 trillion dollars.  This is complete and utter insanity.

#37 During the quantitative easing era, the value of the financial securities that the Fed has accumulated is greater than the total amount of publicly held debt that the U.S. government accumulated from the presidency of George Washington through the end of the presidency of Bill Clinton.

#38 Overall, the Federal Reserve now holds more than 32 percent of all 10 year equivalents.

#39 Quantitative easing creates financial bubbles, and when quantitative easing ends those bubbles tend to deflate rapidly.

#40 Most of the new money created by quantitative easing has ended up in the hands of the very wealthy.

#41 According to a prominent Federal Reserve insider, quantitative easing has been one giant “subsidy” for Wall Street banks.

#42 As one CNBC article stated, we are seeing absolutely rampant inflation in “stocks and bonds and art and Ferraris“.

#43 Donald Trump once made the following statement about quantitative easing: “People like me will benefit from this.

#44 Most people have never heard about this, but a very interesting study conducted for the Bank of England shows that quantitative easing actually increases the gap between the wealthy and the poor.

#45 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.

#46 The mainstream media has sold quantitative easing to the American public as an “economic stimulus program”, but the truth is that the percentage of Americans that have a job has actually gone down since quantitative easing first began.

#47 The Federal Reserve is supposed to be able to guide the nation toward “full employment”, but the reality of the matter is that an all-time record 102 million working age Americans do not have a job right now.  That number has risen by about 27 million since the year 2000.

#48 For years, the projections of economic growth by the Federal Reserve have consistently overstated the strength of the U.S. economy.  But every single time, the mainstream media continues to report that these numbers are “reliable” even though all they actually represent is wishful thinking.

#49 The Federal Reserve system fuels the growth of government, and the growth of government fuels the growth of the Federal Reserve system.  Since 1970, federal spending has grown nearly 12 times as rapidly as median household income has.

#50 The Federal Reserve is supposed to look out for the health of all U.S. banks, but the truth is that they only seem to be concerned about the big ones.  In 1985, there were more than 18,000 banks in the United States.  Today, there are only 6,891 left.

#51 The six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years.

#52 The U.S. banking system has 14.4 trillion dollars in total assets.  The six largest banks now account for 67 percent of those assets and all of the other banks account for only 33 percent of those assets.

#53 The five largest banks now account for 42 percent of all loans in the United States.

#54 We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.

#55 The Federal Reserve has allowed an absolutely gigantic derivatives bubble to inflate which could destroy our financial system at any moment.  Right now, four of the “too big to fail” banks each have total exposure to derivatives that is well in excess of 40 trillion dollars.

#56 The total exposure that Goldman Sachs has to derivatives contracts is more than 381 times greater than their total assets.

#57 Federal Reserve Chairman Ben Bernanke has a track record of failure that would make the Chicago Cubs look good.

#58 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.

#59 The Federal Reserve was created by the big Wall Street banks and for the benefit of the big Wall Street banks.

#60 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.

#61 There has never been a true comprehensive audit of the Federal Reserve since it was created back in 1913.

#62 The Federal Reserve system has been described as “the biggest Ponzi scheme in the history of the world“.

#63 The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system.”  Without a doubt, the Federal Reserve has failed in those tasks dramatically.

#64 The Fed decides what the target rate of inflation should be, what the target rate of unemployment should be and what the size of the money supply is going to be.  This is quite similar to the “central planning” that goes on in communist nations, but very few people in our government seem upset by this.

#65 A couple of years ago, Federal Reserve officials walked into one bank in Oklahoma and demanded that they take down all the Bible verses and all the Christmas buttons that the bank had been displaying.

#66 The Federal Reserve has taken some other very frightening steps in recent years.  For example, back in 2011 the Federal Reserve announced plans to identify “key bloggers” and to monitor “billions of conversations” about the Fed on Facebook, Twitter, forums and blogs.  Someone at the Fed will almost certainly end up reading this article.

#67 Thanks to this endless debt spiral that we are trapped in, a massive amount of money is transferred out of our pockets and into the pockets of the ultra-wealthy each year.  Incredibly, the U.S. government spent more than 415 billion dollars just on interest on the national debt in 2013.

#68 In January 2000, the average rate of interest on the government’s marketable debt was 6.620 percent.  If we got back to that level today, we would be paying more than a trillion dollars a year just in interest on the national debt and it would collapse our entire financial system.

#69 The American people are being killed by compound interest but most of them don’t even understand what it is.  Albert Einstein once made the following statement about compound interest…

Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”

#70 Most Americans have absolutely no idea where money comes from.  The truth is that the Federal Reserve just creates it out of thin air.  The following is how I have previously described how money is normally created by the Fed in our system…

When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.

Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.

The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.

#71 What does the Federal Reserve do with those U.S. Treasury bonds?  They end up getting auctioned off to the highest bidder.  But this entire process actually creates more debt than it does money…

The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.

But wait.

There is a problem.

Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.

So where will the U.S. government get the money to pay that debt?

Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.

But that never actually happens, does it?

And the creators of the Federal Reserve understood this as well.  They understood that the U.S. government would not have enough money to both run the government and service the national debt.  They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.

#72 Of course the U.S. government could actually create money and spend it directly into the economy without the Federal Reserve being involved at all.  But then we wouldn’t be 17 trillion dollars in debt and that wouldn’t serve the interests of the bankers at all.

#73 The following is what Thomas Edison once had to say about our absolutely insane debt-based financial system…

That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.

Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.

But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.

#74 The United States now has the largest national debt in the history of the world, and we are stealing roughly 100 million dollars from our children and our grandchildren every single hour of every single day in a desperate attempt to keep the debt spiral going.

#75 Thomas Jefferson once stated that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

#76 At this moment, the U.S. national debt is sitting at $18,141,409,083,212.36.  If we had followed the advice of Thomas Jefferson, it would be sitting at zero.

#77 When the Federal Reserve was first established, the U.S. national debt was sitting at about 2.9 billion dollars.  On average, we have been adding more than that to the national debt every single day since Obama has been in the White House.

#78 We are on pace to accumulate more new debt under the 8 years of the Obama administration than we did under all of the other presidents in all of U.S. history combined.

#79 If all of the new debt that has been accumulated since John Boehner became Speaker of the House had been given directly to the American people instead, every household in America would have been able to buy a new truck.

#80 Between 2008 and 2012, U.S. government debt grew by 60.7 percent, but U.S. GDP only grew by a total of about 8.5 percent during that entire time period.

#81 Since 2007, the U.S. debt to GDP ratio has increased from 66.6 percent to 101.6 percent.

#82 According to the U.S. Treasury, foreigners hold approximately 5.6 trillion dollars of our debt.

#83 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.

#84 As I have written about previously, if the U.S. national debt was reduced to a stack of one dollar bills it would circle the earth at the equator 45 times.

#85 If Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.

#86 Sometimes we forget just how much money a trillion dollars is.  If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.

#87 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.

#88 In addition to all of our debt, the U.S. government has also accumulated more than 200 trillion dollars in unfunded liabilities.  So where in the world will all of that money come from?

#89 The greatest damage that quantitative easing has been causing to our economy is the fact that it is destroying worldwide faith in the U.S. dollar and in U.S. debt.  If the rest of the world stops using our dollars and stops buying our debt, we are going to be in a massive amount of trouble.

#90 Over the past several years, the Federal Reserve has been monetizing a staggering amount of U.S. government debt even though Ben Bernanke once promised that he would never do this.

#91 China recently announced that they are going to quit stockpiling more U.S. dollars.  If the Federal Reserve was not recklessly printing money, this would probably not have happened.

#92 Most Americans have no idea that one of our most famous presidents was absolutely obsessed with getting rid of central banking in the United States.  The following is a February 1834 quote by President Andrew Jackson about the evils of central banking…

I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, (bringing his fist down on the table) I will rout you out.

#93 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank.  Are we supposed to believe that this is just some sort of a bizarre coincidence?

#94 The capstone of the global central banking system is an organization known as the Bank for International Settlements.  The following is how I described this organization in a previous article

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that “it is not accountable to any single national government.”  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”.  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.

#95 The borrower is the servant of the lender, and the Federal Reserve has turned all of us into debt slaves.

#96 Debt is a form of social control, and the global elite use all of this debt to dominate all the rest of us.  40 years ago, the total amount of debt in our system (all government debt, all business debt, all consumer debt, etc.) was sitting at about 2 trillion dollars.  Today, the grand total exceeds 56 trillion dollars.

#97 Unless something dramatic is done, our children and our grandchildren will be debt slaves for their entire lives as they service our debts and pay for our mistakes.

#98 Now that you know this information, you are responsible for doing something about it.

#99 Congress has the power to shut down the Federal Reserve any time that it would like.  But right now most of our politicians fully endorse the current system, and nothing is ever going to happen until the American people start demanding change.

#100 The design of the Federal Reserve system was flawed from the very beginning.  If something is not done very rapidly, it is inevitable that our entire financial system is going to suffer an absolutely nightmarish collapse.

Source

Budget: The Power of One Man’s Conviction

By: Daniel Horowitz (Diary)  |  March 7th, 2013 at 01:02 PM

What was it about Rand Paul’s filibuster that has captivated conservatives all over the country and reinvigorated their desire to fight for our Constitutional Republic?  The irony is that the drone issue was not even one of the most popular issues among many conservatives until last night.  I suspect that many conservatives don’t necessarily agree with some of Paul’s assertions about targeting terrorists like Al-Awlaki overseas, although we are all (everyone except for McCain and Graham) concerned about targeting Americans on American soil.  Yet he has become an overnight sensation, not just among his core libertarian base, but among the broad conservative movement.

Conservatives have been starving for a fighter; longing for someone who will do something drastic, engage in a media savvy fight against an imperialistic president who has no respect for checks and balances and an invidious disregard for the separation of powers.

We have witnessed this president shred the Constitution and implement his radical agenda by administrative fiat.  We the People stand by flummoxed and frustrated at the lack of courage among Republicans to counter the president with anything more magnanimous than a press release.  We have seen him abrogate our immigration laws, grant administrative amnesty, and let criminal aliens out of jail.  Yet nobody has used their position and identified a point of leverage at which to take a stand and draw extended scrutiny to the issue or any other breach of authority.

Finally, when administration officials began asserting that the president might even have the power to launch drone strikes on American soil, Senator Paul decided he would hold up a major nomination to command the  attention of the entire country.  Many of us sat back and watched the impassioned speeches from Paul and the stirring words of Ted Cruz.  We wondered why we had not witnessed this sort of spirited opposition during Obamacare.

Yet that is exactly the point.  Most of these senators are new to Washington.  They have charted a new path forward, one that is not paved with backroom deals but with forthright demonstrations of courage and commitment to the principles that buoyed them into office.  Instead of cutting a deal to invoke cloture and having Brennan’s nomination sail to confirmation, Paul has united a fractious Republican Party against this – that is everyone except for Obama’s dinner companion Lindsey Graham.

Republicans have repeatedly entreated us to the tired bromide that they only control one-third of one-half….. What these banal bulls of Washington dealmaking don’t understand is that with complete control of the House and a filibuster strength minority in the Senate there is a lot they can do.  With the ubiquitous nature of C-Span and social media, Republicans can use critical leverage points to seize on winning issues and put Obama in the defensive position.

That’s why yesterday’s act of cowardice on the CR in the House was so incomprehensible to many conservatives.  Even if they planned to ultimately cave on Obamacare to avoid a shutdown three weeks from now, why not initially bring it to the floor under an open rule and debate Obamacare for a few days?  Let’s at least draw attention to the injustice of Obamacare at a time when many people are feeling the pain of higher insurance premiums.

We are also told that the juggernaut of a biased media is too powerful to overcome were we to force some sort of a dramatic battle over critical issues, such as Obamacare or illegal immigration.  It’s true in fact that the media is incorrigibly in the tank for the left, and there’s nothing we can do about that.  But one thing about the media is that they are impressed by a show of force and stimulated by something new and exciting.  Rand Paul proved that last night, as even some mainstream media reporters gave him positive coverage.

When the CR comes before the Senate, conservatives should hold it up at least for a day or two to educate the American people on the ramifications of funding Obamacare.  When the nomination of the new radical nominee for EPA director comes before the Senate, they should take turns launching filibusters into the night, educating the public on how that agency has cost jobs and raised the cost of living on the working class.  They should draw attention to onerous policies like ethanol mandates.

We didn’t send Republicans like Mitch McConnell to Washington to cut backroom deals and to passively and blithely ignore the injustices that are perpetrated by the statist class on a daily basis.  Nor did we send Republicans to Washington to echo those injustices, like John McCain and Lindsey Graham do on a daily basis. It’s no coincidence that this effort was initiated by the disciples of Jim DeMint.  And with the 2014 election cycle beginning now, it’s incumbent upon all of us to help send reinforcements to the ranks of our fighters.

Source

AWOL: Meet The GOP Senators Who Refused to Stand With Rand

by Larry O’Connor 7 Mar 2013, 4:41 AM PDT

It’s time to name names.

Yesterday, Sen. Rand Paul (R-KY) embarked upon a historic filibuster in an attempt to coax the White House to answer a basic and fundamental constitutional question that affects every American’s 5th Amendment rights. He was joined by thirteen other Republican Senators as well as one Democrat.

While the stand for liberty and government accountability was taking place on Capitol Hill, a handful of Republican Senators were having an off-the-record dinner with President Barack Obama.  Sen. Ron Johnson (R-WI), Sen. Pat Toomey (R-PA) and Sen. Saxby Chambliss (R-GA) notebaly attended the dinner wiht the President and then made their way to the Senate Chambers and participated in the filibuster.

Republican members of the House of Representatives walked down the hall to support Sen. Paul.  Rep. Louie Gohmert even brought the weary senator some chocolate bars and cough drops.

But what about the Republican senators who had something better to do Wednesday night?

The following Republicans were at the Washington Wizards game or were attending to some other pressing issue that was more important than supporting a member of their party who had the audacity to expect the White House to answer a basic, fundamental constitutional question.

Alexander, Lamar – (R – TN) Class II
455 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4944
Contact: www.alexander.senate.gov/

Ayotte, Kelly – (R – NH) Class III
144 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3324
Contact: www.ayotte.senate.gov/

Blunt, Roy – (R – MO) Class III
260 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5721
Contact: www.blunt.senate.gov/

Boozman, John – (R – AR) Class III
320 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4843
Contact: www.boozman.senate.gov/

Burr, Richard – (R – NC) Class III
217 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3154
Contact: http://www.burr.senate.gov/

Coats, Daneil – (R – IN) Class III
493 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5623
Contact: www.coats.senate.gov/

Coburn, Tom – (R – OK) Class III
172 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5754
Contact: www.coburn.senate.gov/

Cochran, Thad – (R – MS) Class II
113 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5054
Contact: www.cochran.senate.gov/

Collins, Susan M. – (R – ME) Class II
413 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2523
Contact: www.collins.senate.gov/

Corker, Bob – (R – TN) Class I
425 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3344
Contact: www.corker.senate.gov/

Crapo, Mike – (R – ID) Class III
239 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6142
Contact: www.crapo.senate.gov/

Enzi, Michael B. – (R – WY) Class II
379A RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3424
Contact: www.enzi.senate.gov/

Fischer, Deb – (R – NE) Class I
825 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6551
Contact: www.fischer.senate.gov/

Graham, Lindsey – (R – SC) Class II
290 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5972
Contact: www.lgraham.senate.gov/

Grassley, Chuck – (R – IA) Class III
135 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3744
Contact: www.grassley.senate.gov/

Hatch, Orrin G. – (R – UT) Class I
104 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5251
Contact: www.hatch.senate.gov/

Heller, Dean – (R – NV) Class I
361A RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6244
Contact: www.heller.senate.gov/

Hoeven, John – (R – ND) Class III
120 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2551
Contact: www.hoeven.senate.gov/

Inhofe, James M. – (R – OK) Class II
205 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4721
Contact: www.inhofe.senate.gov/

Isakson, Johnny – (R – GA) Class III
131 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3643
Contact: www.isakson.senate.gov/

Johanns, Mike – (R – NE) Class II
404 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4224
Contact: www.johanns.senate.gov/

McCain, John – (R – AZ) Class III
241 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2235
Contact: www.mccain.senate.gov/

Murkowski, Lisa – (R – AK) Class III
709 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6665
Contact: www.murkowski.senate.gov/

Portman, Rob – (R – OH) Class III
338 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-3353
Contact: www.portman.senate.gov/

Risch, James E. – (R – ID) Class II
483 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-2752
Contact: www.risch.senate.gov/

Roberts, Pat – (R – KS) Class II
109 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4774
Contact: www.roberts.senate.gov/

Sessions, Jeff – (R – AL) Class II
326 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4124
Contact: http://www.sessions.senate.gov/

Shelby, Richard C. – (R – AL) Class III
304 RUSSELL SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-5744
Contact: www.shelby.senate.gov/

Vitter, David – (R – LA) Class III
516 HART SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-4623
Contact: www.vitter.senate.gov/

Wicker, Roger F. – (R – MS) Class I
555 DIRKSEN SENATE OFFICE BUILDING WASHINGTON DC 20510
(202) 224-6253
Contact: www.wicker.senate.gov/

Source

Obama Re-Elected without Objection?

https://i1.wp.com/whns.images.worldnow.com/images/548783_G.jpg

By JB Williams

The American people do not vote for presidential and vice presidential candidates, they vote for electors, who in turn, cast their vote for president and vice president. Electors are sworn to cast a vote only for “eligible” candidates and to certify that all candidates on the ballot are eligible for office and have been duly elected, before casting their ballot before congress.

Twice now, in 2008 and 2012, Electors failed in their sworn duty, certifying and casting their ballot for Barack Hussein Obama, despite knowledge that Obama is not constitutionally eligible for the office of president and that he had won both elections through historic fraudulent efforts.

The law requires that the Electoral College certify the ballot and present its vote to congress for certification on the 6th of January following each presidential election. Because the 6th was a Sunday this year, members of congress bumped the congressional certification to Friday the 4th, without fanfare last Friday.

Earlier last week, The North American Law Center delivered notice to all members of congress, advising them not to become complicit in the fraud by certifying the fraud on Friday. Members of congress ignored that notice and Friday afternoon, the Electoral College and all members of congress affirmed the re-election of Barack Hussein Obama for a second term, each of them becoming complicit with malice aforethought in the greatest fraud ever perpetrated on the American people.

The question is now, what will the American people do about it?

Under 3 USC § 15Counting electoral votes in Congress, objection from only one (1) member from each chamber of congress was enough to stop congressional certification of the 2012 election, returning the matter to both chambers for consideration at which point congress could have opened an investigation into the massive evidence of election fraud.

Sadly, not a single elector or member of congress objected, not even one.

House members like Tea Party darling Rep. Michelle Bachmann could have been the one House member to stop the 2012 fraud. – Or, it could have been another Tea Party Caucus member, or maybe all of them.

One member of the US Senate, Senator Rand Paul, king of the data-mining petition industry and beloved son of “Mr. Constitution” Ron Paul, or maybe Tea Party favorite Sen. Marco Rubio could have taken a stand with American citizens and objected. No, not even a single member of the so-called Tea Party Caucus objected…

Republicans control the House and they could have stopped the most fraudulent election in US history without a single Democrat member. But in the end, not a single elector or member of congress had the decency or backbone to stop the Marxist theft of America despite a mountain of evidence right under their noses and prior notice from The North American Law Center.

So, now what?

The last act of the 112th congress was to roll over and play dead as Obama raised taxes without trimming any spending, throwing the nation off the fiscal cliff with trillions in new deficit spending and taxes. The first act of the new 113th congress was to confirm the fraudulent re-election of Barack Hussein Obama without objection.

Members of congress are clearly not worried about any fiscal cliff, but rather the political cliff they were all teetering on as millions of Obama’s federal dependents awaited congressional approval to keep the gravy train rolling. The fiscal cliff is unsustainable federal spending and skyrocketing debt. What Obama and congress did, shoves the nation off the fiscal cliff.

But even more troubling is the fact that not a single member of congress had the decency or backbone to stand up and object at that critical moment in history when congress had the chance to stop it all and hold those responsible accountable.

The ongoing gutless and anti-American acts of our illustrious public servants explains the mega boom in gun and ammo sales, which brings us to the second act of the new 113th congress, a massive gun and ammo grab.

Despite FBI reports showing a steady drop in gun related crime each year as gun and ammo sales set new records and further FBI stats showing that only 4% of all gun related homicides are connected to “assault rifles,” the gun grabbers want these types of weapons only in their own hands, understandably so, as they become ever more corrupt and tyrannical. In fact, twice as many Americans die from a fist fight each year, than from assault rifles.

Gun violence ranks #15 on the CDC list of causes of death and most of those are not related to assault weapons. They are however, related to inner city crime, most of it in Democrat voting districts and most of that, black on black crime. And, we all know that guns are NOT the cause of the Sandy Hook catastrophe. Yet, it is not these folks they seek to disarm. This is Obama’s “civilian army.”

So, what are the American people to do about the theft of their nation and the coming assault on citizens Second Amendment rights, among others?

In my personal opinion, every member of the federal government has well-earned a public lynching for multiple criminal acts of high treason. But before we lock-n-load and begin any violent act to regain control of our runaway government, it is our duty as American citizens to exhaust every possible peaceful means to a solution as provided by our Charters of Freedom.

Clearly, our Executive Branch thinks they are a dictatorship. Our Legislative Branch is operating as nothing more than a rubber stamp for the Executive Branch and the courts may be the most corrupt branch of our Federal Government, acting only as an enforcer for a corrupt and tyrannical regime.

While it is clear that a major housecleaning should include every elected official in Washington D.C. today, I personally believe that our Founders frame work for self-governance, their Constitutional Representative Republic, is worth saving if possible.

Organizations like The North American Law Center are established for the sole purpose of representing American citizens in broad legal battles necessary to protecting and preserving all of our God given and constitutionally protected rights. Among those right are a right to free, fair and honest elections and the Second Amendment. Without these two rights fully secured, we have no other rights.

The Law Center is calling for donors, volunteers and witnesses for scheduled actions. If all Americans join forces, they can regain control of their country. Until then, nobody can do anything about what is happening to the greatest nation ever known to mankind.

JB Williams

Co-Founder
www.PatriotsUnion.org
www.VeteranDefenders.org
www.ThePatriotsNews.com

Source

Rand Paul Tweets About Federal Hollow Point Bullet Purchases

By Peter Barbour

A hollow point bullet is an expanding bullet that has a pit or hollowed out shape in its tip, often intended to cause the bullet to expand upon entering a target in order to decrease penetration, causing the target to absorb more of the impact and disrupting more tissue as it travels through a body. Hollow point bullets are designed to inflict maximum damage to their targets. They’re not practice rounds. The purpose of hollow points is to kill and maim.

In a trend that has received little attention from the media, various US domestic government agencies have been quietly purchasing millions of rounds of these hollow point bullets and other types of ammunition this year. Senator Rand Paul (KY) took some criticism earlier this week for tweeting about these strange hollow point bullet purchases, which include some of the following examples:

In March, the Department of Homeland Security (DHS) signed a 5 year contract with ATK (an aerospace, defense, and commercial products company) for the purchase of up to 450 million rounds of .40 caliber hollow point bullets (HST). The HST is a hollow-point round that holds its jacket even after passing through barriers. Ron Johnson, President of ATK’s Security and Sporting group said, “We are proud to extend our track record as the prime supplier of .40 caliber duty ammunition for DHS, ICE. The HST is a proven design that will continue to serve those who keep our borders safe.”

Recently the National Oceanic and Atmospheric Administration (NOAA) Fisheries Office of Law Enforcement (initially reported incorrectly as the National Weather Service, NWS) purchased 46,000 rounds of ammunition for semiautomatic pistols, and the Social Security Administration (SSA) bought 174,000 rounds of hollow point bullets. The primary reason given by SSA for the purchase? Training. Here is an excerpt from that statement:

“Media reports expressed concerns over the type of ammunition ordered. In fact, this type of ammunition is standard issue for many law enforcement agencies. OIG’s special agents use this ammunition during their mandatory quarterly firearms qualifications and other training sessions, to ensure agent and public safety. Additionally, the ammunition our agents use is the same type used at the Federal Law Enforcement Training Center.
Our special agents need to be armed and trained appropriately. They not only investigate allegations of Social Security fraud, but they also are called to respond to threats against Social Security offices, employees, and customers.”

Finally, there are reports from Reuters reporter Jason Reed and Irish Daily Mail columnist Mary Ellen Synon (who was also a London-based associate producer for CBS News 60 Minutes) that both say, “The DHS is also planning to purchase a further 750 million rounds of different types of ammo in a separate solicitation…including 357 mag rounds that are able to penetrate walls.”

Such large acquisitions of such deadly ammunition by so many federal domestic agencies– including some puzzling ones like the Social Security Administration– all over such a short period of time might reasonably be expected to elicit some kind of response or comment from the White House and Congress. But they haven’t, with the exception of Sen. Rand Paul, whose reaction last week was to tweet: See Here

Senator Paul was blasted immediately for his tweet by various sources (e.g. Daily Kos, Think Progress) because he incorrectly identified the rounds as going to the National Weather Service instead of NOAA. Paul didn’t even make an accusation, nor ask a question. He simply tweeted what was originally reported by media sources– that the NWS had purchased 46,000 rounds of ammunition.

Because millions of rounds of deadly ammunition have been purchased this year, primarily by DHS, it’s not unreasonable for voters and policymakers to ask questions about it. Why purchase so much ammo, and how will it be used? Why purchase hollow point bullets for training, as SSA is claiming, instead of cheaper firing range bullets? And how does this year’s quantity and type of ammunition purchases by DHS and other government agencies compare to the quantity and type of ammunition in prior year purchases?

And why isn’t the mainstream media asking these questions more?

Source

Paul Philosophy Gains Steam with GOP Establishment

Libertarian ideas of smaller government, cutting domestic spending and a balanced budget not only run in the Paul family, but are starting to take a hold with mainstream Republicans as well.

Just ten years ago, the budget and domestic spending would not have been as high of a priority to many within the party other than Senator Rand Paul’s (R-Ky) father, Senator Ron Paul (R-Texas).

When the younger Paul proposed his latest take on the FY 2013 United States Budget, it was seen as the “most radical” of today’s four proposed Republican budgets by many on the left. But it was also seen as a refreshing change by many on the right.

Most surprising about the Paul Budget is not that it made it to a vote at all, but that 17 of the Senate’s 47 Republicans voted for a budget that was supposedly too radical.

Today’s vote got a ‘yea’ from Senator Jim DeMint (R-SC), Senator Orrin Hatch (R-Utah), Senator Mitch McConnell (R-KY) and Senator John Thune (R-SD) just to name a few.

The Paul budget most notably called for the elimination of the Departments of Education, Energy, Commerce and Housing and Urban Development (HUD), which is seen as a large step by mainstream conservatives in getting the nation’s finances back on track.

According to the American Spectator, the Paul budget will also reduce federal spending by $11 trillion relative to President Obama’s budget, reduces discretionary spending to 2008 levels, and reduces foreign aid at $5 billion per year.

Theoretically, the Paul budget will not only balance the federal deficit in five years, but it would actually achieve a $111 billion surplus by 2017. If that wasn’t juicy enough for most conservatives, the Paul Budget would also repeal Obamacare, Dodd-Frank and the Davis-Bacon prevailing wage requirements.

Super committee defense spending sequesters would also be ended, and the Federal government would also be required to end ownership of any failed private sector companies and stop bailing corporations out.

Despite the spending cuts that will be seen as ‘hefty’ by those on the left, the Paul budget sets out to prove that many items can be cut without touching entitlements.  A separate bill addressing Medicare has yet to be drafted.

None of the senators were available for comment.

Source:  Paul Philosophy Gains Steam with GOP Establishment.

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