In a speech yesterday, in Stockholm Sweden, Vice Chairman of the Federal Reserve and former governor of the Bank of Israel and former chief economist at the World Bank, Stanley Fisher noted:
“As part of this approach, the United States is preparing a proposal to require systemically important banks to issue bail-inable long-term debt that will enable insolvent banks to recapitalize themselves in resolution without calling on government funding–this cushion is known as a “gone concern” buffer.”
Mr. Fisher gave no details as to whom in the United States was preparing the bail-in proposal and what “bailinable long term debt” is.
It Happened in Cyprus, But Can It Happen Here?
In spring of 2013 the failing European Bank of Cyprus performed a bail-in that required depositors to help save the bank by foregoing a large portion of the money they had deposited in the bank. In return for their forebearance, depositors were given equity shares in the failing bank.
Customers who deposit money in banks are lending that money to the bank. Depositors are in effect, unsecured creditors. If the bank fails, depositors get in line with other unsecured creditors to see how many cents on the dollar, if any, they can retrieve.
In the United States to offset this result, the Federal Deposit Insurance Corporation (FDIC) since 1933 insures bank deposits up to $250,000*. THe FDIC, however, is woefully underfunded to handle payouts in the event of a large bank failure. The new proposal is designed to allow failing banks to get back on their feet “without calling on government funding.”
Under the proposed bail-in scenario, the faiure of a “sytematically important bank” (a.k.a. “too big to fail”) will receive no government funding to stay afloat. In order to keep their casino doors open, a too big to fail bank will just call on their loyal depositors to help out by taking whatever percentage of the depositors’ money they need to stabilize the bank.
After $4 trillion of quantitative easing by the Federal Reserve over the past five years, and record profits at the largest U.S. banks, it would seem that the U.S. banks should be sound and talk of bailing them in, unnecessary. Apparently, not as Mr. Fischer’s comments make clear.
With banks already paying close to zero interest on deposits and the real possibility that a depositor could actually lose money by keeping it in a too big to fail bank, what incentive do depositors have in keeping their cash in such banks?
*At the time of the Cypriot bail-in, EU depositor insurance was in place.
Source
Showing posts with label federal reserve. Show all posts
Showing posts with label federal reserve. Show all posts
Monday, February 4, 2019
Thursday, February 9, 2017
Audit The Fed more promising than ever
From Campaign For Liberty:
Senator Rand Paul and Representative Thomas Massie have reintroduced the Audit the Fed bill (S. 16/H.R. 24)...
And now, we finally have a President who supports Audit the Fed!
We are only 6 votes away from defeating the Senate's filibuster, and there are 10 Senators who voted against Audit the Fed facing an electorate in 2018 who voted for Donald Trump...
All this means we have our best opportunity ever to finally pass Audit the Fed!
But we can take nothing for granted.
Federal Reserve apologists are on high alert and are already working overtime to make sure Audit the Fed does not reach President Trump's desk.
They know Audit the Fed would EXPOSE the Fed's corruption and cronyism.
So I've instructed my staff to double-down.
I've developed a multi-pronged plan to counterpunch the Fed's army of lobbyists and derail their scheme to scare and intimidate Representatives and Senators from cosponsoring Audit the Fed.
And I need your help to implement the first two parts of our plan:
FIRST >>> Campaign for Liberty must generate as many petitions from concerned grassroots Americans like you. Our goal is to bury Congress with a mountain of pro-Audit the Fed petitions by the time the first House and Senate hearings discussing Audit the Fed occur.
Those hearings could begin as early as mid-February, so please sign your to your Representative and Senators.
After you sign your petition, please share this alert with your family and friends, encouraging them to join you in taking action.
SECOND >>> You've been a long-time supporter of mine. And Audit the Fed has been the focus of Campaign for Liberty's efforts since I founded it in 2008.
You know the importance of contacting and mobilizing like-minded liberty lovers. But that costs time, money, and significant resources.
Resources, I'm afraid, Campaign for Liberty just doesn't have lying around.
Campaign for Liberty expended a lot of resources just to get where you and I are right now -- and it will take much more to reach millions of like-minded Americans to aid us in this fight.
So I'm asking you today to please make a generous donation of $10.
Your contribution, of whatever you can afford, will be put to immediate use where it's needed most.
Emails. Facebook. Google. TV, radio, and YouTube ads, if the funds can be stretched that far.
Every dollar we raise will help us flood every outlet to reach millions of Americans and fight back against Janet Yellen's Federal Reserve System.
I know you have already given a lot to this effort, but we have come so far and are so close to finally passing Audit the Fed...
It would be a shame if the banksters won because Campaign for Liberty lacked the resources to beat back their last, desperate attempt to protect Fed secrecy...
Can I count on you?
For Liberty,
Ron Paul
Chairman
P.S. Senator Rand Paul and Representative Thomas Massie have reintroduced Audit the Fed (S. 16/H.R. 24)...
With President-elect Trump on record in support of the bill, you and I have our best opportunity ever to pass Audit the Fed...
But since the Fed's defenders are poised to launch an all-out blitz to bury the bill, you and I cannot take anything for granted.
So please sign your "Pass Audit the Fed" petition to your Representative and Senators.
Senator Rand Paul and Representative Thomas Massie have reintroduced the Audit the Fed bill (S. 16/H.R. 24)...
And now, we finally have a President who supports Audit the Fed!
We are only 6 votes away from defeating the Senate's filibuster, and there are 10 Senators who voted against Audit the Fed facing an electorate in 2018 who voted for Donald Trump...
All this means we have our best opportunity ever to finally pass Audit the Fed!
But we can take nothing for granted.
Federal Reserve apologists are on high alert and are already working overtime to make sure Audit the Fed does not reach President Trump's desk.
They know Audit the Fed would EXPOSE the Fed's corruption and cronyism.
So I've instructed my staff to double-down.
I've developed a multi-pronged plan to counterpunch the Fed's army of lobbyists and derail their scheme to scare and intimidate Representatives and Senators from cosponsoring Audit the Fed.
And I need your help to implement the first two parts of our plan:
FIRST >>> Campaign for Liberty must generate as many petitions from concerned grassroots Americans like you. Our goal is to bury Congress with a mountain of pro-Audit the Fed petitions by the time the first House and Senate hearings discussing Audit the Fed occur.
Those hearings could begin as early as mid-February, so please sign your to your Representative and Senators.
After you sign your petition, please share this alert with your family and friends, encouraging them to join you in taking action.
SECOND >>> You've been a long-time supporter of mine. And Audit the Fed has been the focus of Campaign for Liberty's efforts since I founded it in 2008.
You know the importance of contacting and mobilizing like-minded liberty lovers. But that costs time, money, and significant resources.
Resources, I'm afraid, Campaign for Liberty just doesn't have lying around.
Campaign for Liberty expended a lot of resources just to get where you and I are right now -- and it will take much more to reach millions of like-minded Americans to aid us in this fight.
So I'm asking you today to please make a generous donation of $10.
Your contribution, of whatever you can afford, will be put to immediate use where it's needed most.
Emails. Facebook. Google. TV, radio, and YouTube ads, if the funds can be stretched that far.
Every dollar we raise will help us flood every outlet to reach millions of Americans and fight back against Janet Yellen's Federal Reserve System.
I know you have already given a lot to this effort, but we have come so far and are so close to finally passing Audit the Fed...
It would be a shame if the banksters won because Campaign for Liberty lacked the resources to beat back their last, desperate attempt to protect Fed secrecy...
Can I count on you?
For Liberty,
Ron Paul
Chairman
P.S. Senator Rand Paul and Representative Thomas Massie have reintroduced Audit the Fed (S. 16/H.R. 24)...
With President-elect Trump on record in support of the bill, you and I have our best opportunity ever to pass Audit the Fed...
But since the Fed's defenders are poised to launch an all-out blitz to bury the bill, you and I cannot take anything for granted.
So please sign your "Pass Audit the Fed" petition to your Representative and Senators.
Saturday, June 11, 2016
Politicians say you don't care about the Federal Reserve. Prove them wrong
From Campaign For Liberty:
It's been a lonely journey at times.
For many years, the majority of my Congressional colleagues -- even other members of the House Committee on Financial Services -- could simply not understand why I devoted so much of my time and energy talking about the Federal Reserve.
"Ordinary Americans do not care about the Fed!" they'd scoff.
Then came the fall of 2008...
... The Fed-created housing bubble burst. The market collapsed. And the truth about the destructive power of the Fed was unleashed on millions of those "ordinary Americans."
It was the perfect storm.
And after the smoke and shock subsided, anger and a sense of betrayal predominated.
Americans realized the Fed was single-handedly responsible for the boom-bust cycle.
As a result, a record-number of Americans came to support auditing the Fed.
But I knew their personal support would not be enough, unless it was FELT by their representatives in Congress. And to achieve that, their demands had to RING OUT LOUDLY in the House and Senate.
That's where Campaign for Liberty comes in!
Fortunately, I'd just finished forming C4L for the exact purpose of mobilizing pro-liberty activists to put the heat on politicians.
And my staff and I agreed that passing Audit the Fed should be our #1 priority.
So for the past 8 years, C4L members have flooded Congress with petitions, faxes, emails, and phone calls insisting Congress stop dragging their feet and pass Audit the Fed.
Our success since 2008 has been nothing short of remarkable.
Not only has Audit the Fed twice passed the House of Representatives by an overwhelming majority, this January we came just seven votes shy of breaking Harry Reid's filibuster, passing the bill in the Senate, and sending it straight to President Obama's desk.
It's only because of the fact that we organized and mobilized as Campaign for Liberty.
That's why our work is so important!
So I'm writing to ask you today to do something very important. Will you take a minute and sign your 8th Anniversary "Continue the R3VOLution" Pledge right away, to express your support and solidarity with Campaign for Liberty's mission?
And after you sign, please chip in a special 8th Anniversary contribution to help pass Audit the Fed and other pro-liberty legislation in the years to come.
I can't express the value of C4L's members in making change and fighting for liberty over the past 8 years.
Here's a 2012 headline from Politico. My 2012 prediction proved truer than I even dreamed, thanks to Campaign for Liberty's hard work and dedication.
Now you and I are on the verge of having our third vote in the House, setting up another Senate battle. This will force Senators to choose between the Big Banks and the pro-Audit the Fed majority right before the election.
But make no mistake -- it's going to take a great deal of hard work and dedication.
You and I will be unable to build on this success and pass Audit the Fed unless Campaign for Liberty members like you remain active in the fight for Federal Reserve transparency.
So on the 8th anniversary of our founding, I've decided to take a look back over C4L's past tooth-and-nail fights and unprecedented victories. And now, I'm asking you to do the same.
If you haven't done so yet, please, renew your dedication to the cause of liberty by signing your "Continue the R3VOLution" Pledge.
And if you have already signed your pledge, please chip in a special 8th Anniversary contribution to help pass Audit the Fed and other pro-liberty legislation in the years to come.
For Liberty,
Ron Paul
P.S. Will you please take a minute and sign your 8th Anniversary "Continue the R3VOLution" Pledge right away and express your support and solidarity with Campaign for Liberty's mission?
You will have the chance to write me a personal message explaining what liberty means to you.
And if you have already signed your pledge, please chip in a special 8th Anniversary contribution to help pass Audit the Fed and other pro-liberty legislation in the years to come.
It's been a lonely journey at times.
For many years, the majority of my Congressional colleagues -- even other members of the House Committee on Financial Services -- could simply not understand why I devoted so much of my time and energy talking about the Federal Reserve.
"Ordinary Americans do not care about the Fed!" they'd scoff.
Then came the fall of 2008...
... The Fed-created housing bubble burst. The market collapsed. And the truth about the destructive power of the Fed was unleashed on millions of those "ordinary Americans."
It was the perfect storm.
And after the smoke and shock subsided, anger and a sense of betrayal predominated.
Americans realized the Fed was single-handedly responsible for the boom-bust cycle.
As a result, a record-number of Americans came to support auditing the Fed.
But I knew their personal support would not be enough, unless it was FELT by their representatives in Congress. And to achieve that, their demands had to RING OUT LOUDLY in the House and Senate.
That's where Campaign for Liberty comes in!
Fortunately, I'd just finished forming C4L for the exact purpose of mobilizing pro-liberty activists to put the heat on politicians.
And my staff and I agreed that passing Audit the Fed should be our #1 priority.
So for the past 8 years, C4L members have flooded Congress with petitions, faxes, emails, and phone calls insisting Congress stop dragging their feet and pass Audit the Fed.
Our success since 2008 has been nothing short of remarkable.
Not only has Audit the Fed twice passed the House of Representatives by an overwhelming majority, this January we came just seven votes shy of breaking Harry Reid's filibuster, passing the bill in the Senate, and sending it straight to President Obama's desk.
It's only because of the fact that we organized and mobilized as Campaign for Liberty.
That's why our work is so important!
So I'm writing to ask you today to do something very important. Will you take a minute and sign your 8th Anniversary "Continue the R3VOLution" Pledge right away, to express your support and solidarity with Campaign for Liberty's mission?
And after you sign, please chip in a special 8th Anniversary contribution to help pass Audit the Fed and other pro-liberty legislation in the years to come.
I can't express the value of C4L's members in making change and fighting for liberty over the past 8 years.
Here's a 2012 headline from Politico. My 2012 prediction proved truer than I even dreamed, thanks to Campaign for Liberty's hard work and dedication.
Now you and I are on the verge of having our third vote in the House, setting up another Senate battle. This will force Senators to choose between the Big Banks and the pro-Audit the Fed majority right before the election.
But make no mistake -- it's going to take a great deal of hard work and dedication.
You and I will be unable to build on this success and pass Audit the Fed unless Campaign for Liberty members like you remain active in the fight for Federal Reserve transparency.
So on the 8th anniversary of our founding, I've decided to take a look back over C4L's past tooth-and-nail fights and unprecedented victories. And now, I'm asking you to do the same.
If you haven't done so yet, please, renew your dedication to the cause of liberty by signing your "Continue the R3VOLution" Pledge.
And if you have already signed your pledge, please chip in a special 8th Anniversary contribution to help pass Audit the Fed and other pro-liberty legislation in the years to come.
For Liberty,
Ron Paul
P.S. Will you please take a minute and sign your 8th Anniversary "Continue the R3VOLution" Pledge right away and express your support and solidarity with Campaign for Liberty's mission?
You will have the chance to write me a personal message explaining what liberty means to you.
And if you have already signed your pledge, please chip in a special 8th Anniversary contribution to help pass Audit the Fed and other pro-liberty legislation in the years to come.
Friday, May 27, 2016
Let's move Audit The Fed along
From Freedom Works:
Recently, Rep. Thomas Massie and House conservatives pushed Rep. Massie’s audit the Fed bill, HR 24, through committee. But now it’s sitting in the House, just waiting for a vote.
The Federal Reserve is one of the most powerful institutions in our country. It controls your money, from how much it’s worth to what you pay at the grocery store. But the Fed operates in complete secrecy. That’s right, it’s completely unaccountable for how it manipulates your money and the economy. That’s why it must be audited. Send a message to your congressman right now. Demand they stand with House conservatives and audit the Federal Reserve.
You deserve to know what the Fed does with your money. You deserve to know how the Fed’s messing with the economy. Contact your representative and tell them to audit the Fed today.
Recently, Rep. Thomas Massie and House conservatives pushed Rep. Massie’s audit the Fed bill, HR 24, through committee. But now it’s sitting in the House, just waiting for a vote.
The Federal Reserve is one of the most powerful institutions in our country. It controls your money, from how much it’s worth to what you pay at the grocery store. But the Fed operates in complete secrecy. That’s right, it’s completely unaccountable for how it manipulates your money and the economy. That’s why it must be audited. Send a message to your congressman right now. Demand they stand with House conservatives and audit the Federal Reserve.
You deserve to know what the Fed does with your money. You deserve to know how the Fed’s messing with the economy. Contact your representative and tell them to audit the Fed today.
Tuesday, January 5, 2016
Audit The Fed is finally here
From Ron Paul:
It's happening.
Audit the Fed is scheduled for a vote next Tuesday, January 12.
This is the best chance you and I’ve had yet to finally audit the Federal Reserve.
With this breaking news, Federal Reserve apologists are on high alert and are already working overtime to make sure you and I don't have the votes needed to succeed in the Senate.
They know Audit the Fed would EXPOSE the Fed's corruption and cronyism.
So, I've instructed my staff to double down.
I've developed a two-prong approach to counterpunch the Fed's army of lobbyists and derail their scheme to scare and intimidate senators into voting against Audit the Fed when they return next Monday.
FIRST >>> Campaign for Liberty must generate at least 50,000 phone calls from concerned grassroots Americans like you. Our goal is to flood the Senate Halls when they return from recess, demanding each and every senator vote for Audit the Fed.
After you sign, please share this alert with your family and friends, encouraging them to pledge to take action.
SECOND >>> You've been a long-time supporter of mine. And Audit the Fed has been the focus of Campaign for Liberty’s efforts since I founded it in 2008.
You know the importance of contacting and mobilizing like-minded liberty lovers. But that costs time, money, and significant resources.
Resources, I'm afraid, Campaign for Liberty just doesn’t have lying around.
Campaign for Liberty expended a lot of resources just to get where you and I are right now -- and it will take much more to reach millions of like-minded Americans to aid us in this fight.
So, I'm asking you today to please make a generous donation of $10 .
Your contribution, of whatever you can afford, will be put to immediate use where it’s needed most.
Emails. Facebook. Google. TV, radio, and YouTube ads, if the funds can be stretched that far.
Every dollar we raise will help us flood every outlet to reach millions of Americans and fight back against Janet Yellen and Barack Obama’s Federal Reserve System.
Can I count on you?
For Liberty,
Ron Paul
Chairman
P.S. Time is short, so I need your pledge to take action today.
The Audit the Fed vote is happening next Tuesday, January 12.
Please let me know if I can count on your support in this critical battle against the Federal Reserve.
The vote for Audit The Fed is set for Tuesday January 12,2016 which means that we need to contact our Senators on January 11 and tell them to vote in favor of Audit The Fed. This is what we've fought for: a stand alone Audit The Fed bill. This will tell us which side our Senators are on because this is a stand alone bill. It has no riders. If your Senators vote against Audit The Fed or if any one Senator does you know which side they are on and remember that when it is reelection time for them.
It's happening.
Audit the Fed is scheduled for a vote next Tuesday, January 12.
This is the best chance you and I’ve had yet to finally audit the Federal Reserve.
With this breaking news, Federal Reserve apologists are on high alert and are already working overtime to make sure you and I don't have the votes needed to succeed in the Senate.
They know Audit the Fed would EXPOSE the Fed's corruption and cronyism.
So, I've instructed my staff to double down.
I've developed a two-prong approach to counterpunch the Fed's army of lobbyists and derail their scheme to scare and intimidate senators into voting against Audit the Fed when they return next Monday.
FIRST >>> Campaign for Liberty must generate at least 50,000 phone calls from concerned grassroots Americans like you. Our goal is to flood the Senate Halls when they return from recess, demanding each and every senator vote for Audit the Fed.
After you sign, please share this alert with your family and friends, encouraging them to pledge to take action.
SECOND >>> You've been a long-time supporter of mine. And Audit the Fed has been the focus of Campaign for Liberty’s efforts since I founded it in 2008.
You know the importance of contacting and mobilizing like-minded liberty lovers. But that costs time, money, and significant resources.
Resources, I'm afraid, Campaign for Liberty just doesn’t have lying around.
Campaign for Liberty expended a lot of resources just to get where you and I are right now -- and it will take much more to reach millions of like-minded Americans to aid us in this fight.
So, I'm asking you today to please make a generous donation of $10 .
Your contribution, of whatever you can afford, will be put to immediate use where it’s needed most.
Emails. Facebook. Google. TV, radio, and YouTube ads, if the funds can be stretched that far.
Every dollar we raise will help us flood every outlet to reach millions of Americans and fight back against Janet Yellen and Barack Obama’s Federal Reserve System.
Can I count on you?
For Liberty,
Ron Paul
Chairman
P.S. Time is short, so I need your pledge to take action today.
The Audit the Fed vote is happening next Tuesday, January 12.
Please let me know if I can count on your support in this critical battle against the Federal Reserve.
The vote for Audit The Fed is set for Tuesday January 12,2016 which means that we need to contact our Senators on January 11 and tell them to vote in favor of Audit The Fed. This is what we've fought for: a stand alone Audit The Fed bill. This will tell us which side our Senators are on because this is a stand alone bill. It has no riders. If your Senators vote against Audit The Fed or if any one Senator does you know which side they are on and remember that when it is reelection time for them.
Friday, November 6, 2015
Support Rand Paul in Auditting the Fed
From RandPaul2016:
The Federal Reserve's cronies and our national media have been on the attack against me for months.
They know I'm determined to expose every ounce of their corruption and cronyism.
And they know I'm going all out to EXPOSE the Fed and its allies in Congress by forcing the U.S. Senate on record on my Audit the Fed Bill.
Will you join this fight and help reach my campaign's $300,000 fundraising goal by tomorrow at midnight?
It couldn't be a better time to double down.
Already, limited audits have shown the Fed doled out $16 TRILLION in sweetheart loans to foreign banks and corporations.
That's more than four times what Congress spends every year under President Obama.
Yet the Fed gets virtually no scrutiny?
If we allow this madness to go on, it will result in absolute DISASTER for the American economy and the U.S. dollar.
I'm ready to finally EXPOSE this racket to the American people!
Audit the Fed will be brought to the floor for a full Senate vote in just a matter of days. And I'm counting on you to help me.
So please agree to your most generous contribution of $20.16 or more IMMEDIATELY!
In Liberty,
Rand Paul
The Federal Reserve's cronies and our national media have been on the attack against me for months.
They know I'm determined to expose every ounce of their corruption and cronyism.
And they know I'm going all out to EXPOSE the Fed and its allies in Congress by forcing the U.S. Senate on record on my Audit the Fed Bill.
Will you join this fight and help reach my campaign's $300,000 fundraising goal by tomorrow at midnight?
It couldn't be a better time to double down.
Already, limited audits have shown the Fed doled out $16 TRILLION in sweetheart loans to foreign banks and corporations.
That's more than four times what Congress spends every year under President Obama.
Yet the Fed gets virtually no scrutiny?
If we allow this madness to go on, it will result in absolute DISASTER for the American economy and the U.S. dollar.
I'm ready to finally EXPOSE this racket to the American people!
Audit the Fed will be brought to the floor for a full Senate vote in just a matter of days. And I'm counting on you to help me.
So please agree to your most generous contribution of $20.16 or more IMMEDIATELY!
In Liberty,
Rand Paul
Tuesday, September 29, 2015
Force the Senate to have an up and down vote on Audit The Fed
From Campaign For Liberty:
The easy money policies of the Federal Reserve has set our economy on a collision course with disaster.
To begin reversing course, Congress must pass Audit the Fed so we can learn, once and for all, what the Fed is hiding.
And it’s up to you and me to make sure Congress feels the heat this fall.
Please take a moment to watch the special message C4L Senior Vice President Norm Singleton and I have prepared for you and find out how you can help today!
Click Here
For Liberty,
Ron Paul
Chairman
The easy money policies of the Federal Reserve has set our economy on a collision course with disaster.
To begin reversing course, Congress must pass Audit the Fed so we can learn, once and for all, what the Fed is hiding.
And it’s up to you and me to make sure Congress feels the heat this fall.
Please take a moment to watch the special message C4L Senior Vice President Norm Singleton and I have prepared for you and find out how you can help today!
Click Here
For Liberty,
Ron Paul
Chairman
Saturday, February 7, 2015
The effort to Audit The Fed may fall apart
From RANDPAC:
The Fed's attack dogs are snarling and ready to pounce.
Federal Reserve cronies are firing off personal attacks because they see the rising tide of support for Senator Rand Paul's Audit the Fed bill (S.264).
That's why RANDPAC's launched the "Stand with Rand Audit the Fed" Money Bomb.
You see, the national news may be portraying this fight as "Rand Paul v. the Federal Reserve."
But the truth of the matter is Senator Paul can't win this fight without you in his corner.
It's because of your phone calls, emails, petitions, and grassroots activism that Audit the Fed passed the House last year with over 300 votes!
And because the grassroots turned out to fire Fed apologists in Congress, the new Republican majorities in Congress presents our best chance to force a vote to finally hold the Fed accountable for over 100 years of economy-wrecking policies.
But I'm afraid, without your immediate support, this chance may slip through our fingers.
And that would be a DISASTER.
All the taxes. All the tax increases. The 18 trillion in debt.
Every single of one of President Obama's disastrous policies are enabled by the unaccountable Federal Reserve.
To stop President Obama from drowning America in an ocean of red ink you have to stop the Fed.
That's why it's vital you chip in your most generous contribution to RANDPAC's "Stand with Rand Audit the Fed" Money Bomb IMMEDIATELY.
Without your help, all the momentum our movement built during the 2014 elections will fall apart.
Senator Paul is counting on you,
The Team at RANDPAC
The Fed's attack dogs are snarling and ready to pounce.
Federal Reserve cronies are firing off personal attacks because they see the rising tide of support for Senator Rand Paul's Audit the Fed bill (S.264).
That's why RANDPAC's launched the "Stand with Rand Audit the Fed" Money Bomb.
You see, the national news may be portraying this fight as "Rand Paul v. the Federal Reserve."
But the truth of the matter is Senator Paul can't win this fight without you in his corner.
It's because of your phone calls, emails, petitions, and grassroots activism that Audit the Fed passed the House last year with over 300 votes!
And because the grassroots turned out to fire Fed apologists in Congress, the new Republican majorities in Congress presents our best chance to force a vote to finally hold the Fed accountable for over 100 years of economy-wrecking policies.
But I'm afraid, without your immediate support, this chance may slip through our fingers.
And that would be a DISASTER.
All the taxes. All the tax increases. The 18 trillion in debt.
Every single of one of President Obama's disastrous policies are enabled by the unaccountable Federal Reserve.
To stop President Obama from drowning America in an ocean of red ink you have to stop the Fed.
That's why it's vital you chip in your most generous contribution to RANDPAC's "Stand with Rand Audit the Fed" Money Bomb IMMEDIATELY.
Without your help, all the momentum our movement built during the 2014 elections will fall apart.
Senator Paul is counting on you,
The Team at RANDPAC
Tuesday, November 19, 2013
Keep up the pressure on Audit The Fed
From Rand2016:
After 100 years of the Fed's secretive policies, I think it's about time you and I pull back the curtain and take a peek at exactly what the Fed is doing.
Even after all the bailouts and the economic stagnation Americans have suffered through, too many in Washington are eager to look the other way on Fed accountability.
With your help, that stops.
By placing a hold on Janet Yellen's nomination to succeed Ben Bernanke as chair of the Federal Reserve, you and I have our best chance yet to force a vote on my Audit the Fed bill (S. 209).
But I'm going to need your help to crank up the pressure on my colleagues.
Only a grassroots uprising will force wavering senators to take action to prevent the Fed from further mangling our economy.
I need to prove to my colleagues that the grassroots are FURIOUS with their refusal to hold the Fed accountable for their failed easy-money policies that choked off economic growth.
Will you stand with me in the fight to force a vote on Audit the Fed?
If you agree, it's vital you sign your "Audit the Fed" petition right away.
The truth is, ever since the financial crisis of 2008 – which the Fed’s easy-money policies helped create in the first place – the Fed’s economic central planning strategy has boiled down to this:
Print now. Ask questions later.
That alone has made many Americans nervous. Printing money out of thin air to pay the bills ultimately leads to fiscal disaster.
Not only that, but many Americans were shocked to learn the Fed has doled out more than one TRILLION in U.S. dollars to foreign banks.
What else have they been up to? What else are they hiding?
Sadly, since much of the Fed’s actions are “off limits” to the public, you and I can only guess.
We’re just supposed to look the other way and trust them not to misbehave.
Whether it’s the IRS targeting Tea Party organizations, the Justice Department’s wiretapping of reporters who dared to criticize President Obama – or the NSA admitting to thousands of privacy violations after assuring us there were none – more and more Americans are now understanding just how foolish it would be.
The fact is, nearly 80% of the American people agree the Fed should be audited.
With your help, my Audit the Fed Bill will finally expose the Federal Reserve’s:
***Aiding and abetting big spending politicians in Congress by simply printing more money to pay the bills – destroying the dollar and driving the costs of housing, food, gasoline, higher education and medical care sky-high – when all of Washington, D.C.’s taxing and borrowing still don’t make ends meet;
***Corruption and cronyism and the incredible power the unelected financiers wield over our economy;
***Interest-rate manipulation, “Quantitative Easing,” and secret bailouts, which instead "paper over" economic problems and lead to worse conditions down the line – instead of improving economic conditions as some would have you believe.
That’s why it’s so critical you act NOW.
The Janet Yellen nomination will put the Federal Reserve in the spotlight like never before.
Will my colleagues in the Senate really stand up and say “NO!” to auditing the Federal Reserve?
It’s up to you and me to act right away.
So please sign your "Audit the Fed" petition and make a generous contribution of $250, $100, $50 or $35 to help me mobilize the grassroots to demand their senators hold the Fed accountable.
If that is too much for you to afford, please chip in a contribution of $25 or $10.
Your generosity will help me mobilize Americans all over the country through email, direct mail, online and social media ads to turn up the heat on Congress to Audit the Fed.
Whether it’s stopping President Obama’s march to war in Syria, stopping gun control or forcing the administration’s hand over drone strikes within our borders, you’ve proven your action makes a difference.
Now it’s time to turn our focus on EXPOSING the Federal Reserve.
So please contribute as generously as you can to help force a vote on my Audit the Fed Bill at once!
In Liberty,
Senator Rand Paul
P.S. For 100 years the Fed has escaped accountability for their destructive policies.
But to force my colleagues to take action on Fed transparency, I'm going to need your immediate help.
So please sign your "Audit the Fed" petition and make a generous contribution of $250, $100, $50 or $35 to help me mobilize the grassroots to urge the senate to take action.
If that is too much for you to afford, please chip in a contribution of $25 or $10.
With your support, I’m convinced we can create the grassroots tidal wave it will take to force a vote on my Audit the Fed Bill (S. 209) in the U.S. Senate.
Click to sign
After 100 years of the Fed's secretive policies, I think it's about time you and I pull back the curtain and take a peek at exactly what the Fed is doing.
Even after all the bailouts and the economic stagnation Americans have suffered through, too many in Washington are eager to look the other way on Fed accountability.
With your help, that stops.
By placing a hold on Janet Yellen's nomination to succeed Ben Bernanke as chair of the Federal Reserve, you and I have our best chance yet to force a vote on my Audit the Fed bill (S. 209).
But I'm going to need your help to crank up the pressure on my colleagues.
Only a grassroots uprising will force wavering senators to take action to prevent the Fed from further mangling our economy.
I need to prove to my colleagues that the grassroots are FURIOUS with their refusal to hold the Fed accountable for their failed easy-money policies that choked off economic growth.
Will you stand with me in the fight to force a vote on Audit the Fed?
If you agree, it's vital you sign your "Audit the Fed" petition right away.
The truth is, ever since the financial crisis of 2008 – which the Fed’s easy-money policies helped create in the first place – the Fed’s economic central planning strategy has boiled down to this:
Print now. Ask questions later.
That alone has made many Americans nervous. Printing money out of thin air to pay the bills ultimately leads to fiscal disaster.
Not only that, but many Americans were shocked to learn the Fed has doled out more than one TRILLION in U.S. dollars to foreign banks.
What else have they been up to? What else are they hiding?
Sadly, since much of the Fed’s actions are “off limits” to the public, you and I can only guess.
We’re just supposed to look the other way and trust them not to misbehave.
Whether it’s the IRS targeting Tea Party organizations, the Justice Department’s wiretapping of reporters who dared to criticize President Obama – or the NSA admitting to thousands of privacy violations after assuring us there were none – more and more Americans are now understanding just how foolish it would be.
The fact is, nearly 80% of the American people agree the Fed should be audited.
With your help, my Audit the Fed Bill will finally expose the Federal Reserve’s:
***Aiding and abetting big spending politicians in Congress by simply printing more money to pay the bills – destroying the dollar and driving the costs of housing, food, gasoline, higher education and medical care sky-high – when all of Washington, D.C.’s taxing and borrowing still don’t make ends meet;
***Corruption and cronyism and the incredible power the unelected financiers wield over our economy;
***Interest-rate manipulation, “Quantitative Easing,” and secret bailouts, which instead "paper over" economic problems and lead to worse conditions down the line – instead of improving economic conditions as some would have you believe.
That’s why it’s so critical you act NOW.
The Janet Yellen nomination will put the Federal Reserve in the spotlight like never before.
Will my colleagues in the Senate really stand up and say “NO!” to auditing the Federal Reserve?
It’s up to you and me to act right away.
So please sign your "Audit the Fed" petition and make a generous contribution of $250, $100, $50 or $35 to help me mobilize the grassroots to demand their senators hold the Fed accountable.
If that is too much for you to afford, please chip in a contribution of $25 or $10.
Your generosity will help me mobilize Americans all over the country through email, direct mail, online and social media ads to turn up the heat on Congress to Audit the Fed.
Whether it’s stopping President Obama’s march to war in Syria, stopping gun control or forcing the administration’s hand over drone strikes within our borders, you’ve proven your action makes a difference.
Now it’s time to turn our focus on EXPOSING the Federal Reserve.
So please contribute as generously as you can to help force a vote on my Audit the Fed Bill at once!
In Liberty,
Senator Rand Paul
P.S. For 100 years the Fed has escaped accountability for their destructive policies.
But to force my colleagues to take action on Fed transparency, I'm going to need your immediate help.
So please sign your "Audit the Fed" petition and make a generous contribution of $250, $100, $50 or $35 to help me mobilize the grassroots to urge the senate to take action.
If that is too much for you to afford, please chip in a contribution of $25 or $10.
With your support, I’m convinced we can create the grassroots tidal wave it will take to force a vote on my Audit the Fed Bill (S. 209) in the U.S. Senate.
Click to sign
Saturday, December 15, 2012
Tell Senator Harry Reid to support S.202
From Campaign For Liberty:
"I think we should audit the Federal Reserve... there is no entity in the world that controls our lives more than the Federal Reserve System."
That's not just my opinion - Harry Reid himself said that.
But now that he has the chance to actually back up years of rhetoric with action, Harry Reid has become the major road-block to this historic legislation - he says he'd have to check with Ben Bernanke before even considering a Senate vote on Audit the Fed!
The partial audit of the Federal Reserve previously conducted thanks to our pressure revealed that Ben Bernanke put us on the hook for over $16 trillion - more than the entire U.S. national debt - to foreign banks, private corporations, and other cronies.
And this was done behind closed doors without congressional knowledge or approval.
Please watch the following video and give Harry Reid a call to demand he bring Audit the Fed up for a vote in the Senate!
Ben Bernanke and his secretive, spendthrift allies at the Fed should have to answer to the American people, and Harry Reid should hold his feet to the fire.
Instead, after Audit the Fed overwhelmingly passed the U.S. House, Harry Reid became the major obstacle standing between us and a vote in the Senate.
So please call Senator Harry Reid's office and let him know you support Audit the Fed.
Demand he bring S. 202 up for a vote right away.
In Liberty,
John Tate
President
P.S. Senate Majority Leader Harry Reid is stonewalling Audit the Fed, saying he would have to have a "serious conversation" with Ben Bernanke before allowing a vote.
Please call Reid and tell him you support an audit of the Federal Reserve and he should, too!
Demand he bring S. 202 up for a vote right away.
You can also email him and let him know where you're serious about auditing the federal reserve. You can see that Harry Reid himself favored auditing the fed. Let's tell him this is a good time to back up those words by bringing up and supporting S. 202.
"I think we should audit the Federal Reserve... there is no entity in the world that controls our lives more than the Federal Reserve System."
That's not just my opinion - Harry Reid himself said that.
But now that he has the chance to actually back up years of rhetoric with action, Harry Reid has become the major road-block to this historic legislation - he says he'd have to check with Ben Bernanke before even considering a Senate vote on Audit the Fed!
The partial audit of the Federal Reserve previously conducted thanks to our pressure revealed that Ben Bernanke put us on the hook for over $16 trillion - more than the entire U.S. national debt - to foreign banks, private corporations, and other cronies.
And this was done behind closed doors without congressional knowledge or approval.
Please watch the following video and give Harry Reid a call to demand he bring Audit the Fed up for a vote in the Senate!
Ben Bernanke and his secretive, spendthrift allies at the Fed should have to answer to the American people, and Harry Reid should hold his feet to the fire.
Instead, after Audit the Fed overwhelmingly passed the U.S. House, Harry Reid became the major obstacle standing between us and a vote in the Senate.
So please call Senator Harry Reid's office and let him know you support Audit the Fed.
Demand he bring S. 202 up for a vote right away.
In Liberty,
John Tate
President
P.S. Senate Majority Leader Harry Reid is stonewalling Audit the Fed, saying he would have to have a "serious conversation" with Ben Bernanke before allowing a vote.
Please call Reid and tell him you support an audit of the Federal Reserve and he should, too!
Demand he bring S. 202 up for a vote right away.
You can also email him and let him know where you're serious about auditing the federal reserve. You can see that Harry Reid himself favored auditing the fed. Let's tell him this is a good time to back up those words by bringing up and supporting S. 202.
Sunday, December 2, 2012
Make the Senate vote on bills H.R. 459/S. 202
I got a heads up from Campaign For Liberty. They informing us to send email to our Senators and tell them to force Senator Harry Reid to bring bills H.R. 459/S. 202 to a vote. These bills are also known as "Audit the Fed" which will give Congress a chance to audit the Federal Reserve and find out what is really going on in there. The Federal Reserve is fighting us on this one. I wonder what they are hiding. Are you? Tell you Senators to force Harry Reid to bring this up for a vote,to support bills H.R. 459/S. 202 so we can all find out. Now is the time to write,no delay.
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