Introducing: Federal Reserve Transparency Act

Madame Speaker,

I rise to introduce the Federal Reserve Transparency Act. Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation.

Serious discussion of proposals to oversee the Federal Reserve is long overdue. I have been a longtime proponent of more effective oversight and auditing of the Fed, but I was far from the first Congressman to advocate these types of proposals. Esteemed former members of the Banking Committee such as Chairmen Wright Patman and Henry B. Gonzales were outspoken critics of the Fed and its lack of transparency.

Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations. While the conventional excuse is that this is intended to reduce the Fed’s susceptibility to political pressures, the reality is that the Fed acts as a foil for the government. Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests.

Read the whole Ron Paul statement here

And only watch this Real News Video if you know you're the future...

Once in a century rip-off

Illicit Drug Money Delaying Amero?

The U.N.'s crime & drug watchdog has indications that Dollar bills made in illicit drug trade have been used to keep banks afloat in the global financial crisis. You can read in Austria's weekly magazine Profil that drug money often became the only available capital when the Finanzkrise (German Keyword) spiralled out of control in 2008. This means you've got to thank one more person besides Vater Staat for actually saving your... savings... by saving certain banks: namely the Godfather. Tha International Herald Tribune reports:

The United Nations Office on Drugs and Crime had found evidence that "interbank loans were funded by money that originated from drug trade and other illegal activities," Costa was quoted as saying. There were "signs that some banks were rescued in that way."

And if you google:

Illicit Docu Rapidshare

...you'll find the following links:

Rapidshare.com/files/182260616/National.Geographic.Illicit.The.Dark.Trade.2008.DVDRip.XviD-VoMiT.part1.rar

Rapidshare.com/files/182260855/National.Geographic.Illicit.The.Dark.Trade.2008.DVDRip.XviD-VoMiT.part2.rar