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Thread: Ron Paul's ĎAudit the Fed' bill passes the House

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    Dolphins9954's Avatar
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    Quote Originally Posted by CedarPhin View Post
    You do know that Harry Reid was the basis for Dick Smothers' character in Casino right?
    Makes sense.





    "Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
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    Quote Originally Posted by Dolphins9954 View Post
    Heh, yep
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    Quote Originally Posted by trojanma View Post
    Transparency is almost always a good thing.

    I think Republicans tolerate and pay lip service to what Paul is saying simply to keep him and his supporters engaged until the election(i.e. so he does not break off and run as an independent.)
    Globally speaking much of what Paul is saying would be an anathema to mainstream republicans.

    Not that it will ever happen but no one really knows what kind of effect going to a gold standard would have on the US economy.
    To of my old high school buddies always get at each other about this stuff. One is a firm Ron Paul supporter the other works for the Fed office in Atlanta. Get a couple beers in those two and sit back and watch the expletives fly!
    There is a couple things I support Ron Paul, just a couple. This Fed thing is one of them.

    An audit (though it will never pass Congress) is just not enough.

    - The Fed has too much power by issuing fiat money.
    - The Fed being in the twilight zone between public and private organization is counter productive to the health of any economy. Hiding under the umbrella of a government organization yet avoiding the Freedom of Information Act by declaring being a private organization.
    - Money not backed by anything valuable is worth crap and is nothing more than a speculative tool used to widen and tighten the gap between rich, middle class and poor as needed thus keeping established thus keeping society and economies in check.

    The FED should NOT be audited but simply dissolved. The US Treasury should print the money (backed by Gold and Silver) and not buy and/or borrow it from the FED with interest.
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