My gut feeling tells me that the powers that be are letting this happen by design .

Originally posted by 2kni3
My gut feeling tells me that the powers that be are letting this happen by design .

And what if something happened and it wasn't going to happen, what would you think then?

Originally posted by Republican08

Originally posted by 2kni3
My gut feeling tells me that the powers that be are letting this happen by design .

And what if something happened and it wasn't going to happen, what would you think then?

Well There trying to set up a one world government .. Maybe they won't need the Federal Reserve anymore for what they are trying to accomplish .

But then again i could be wrong .. and maybe the congressmen have had a chance in heart ?

I thought AIPAC controlled or influenced the congress heavily though .

SO that means everything collapses thursday. Ron paul is to awsome... hes like if Chuck Norris and Jesus had a baby.

Go stock up everyone. I called it first.

Whooo Hooo!!!

Mad Max: Beyond BlunderGnome (The Revenge of RP)

Got Alcohol???

This should be quite a show Helicopter Ben puts on...

[edit on 9/21/2009 by Hx3_1963]

Thanks for the post, OP. S&F for you -- and I'll be contacting some US-based ATS members I know who would surely have interest in your thread.

Meanwhile, I'd like to comment that this is also of interest to some non-Americans (like me) who are concerned about the Fed's actions, as they impact on other economies as well.

For example, I'd be interested to know if an audit might show any link between the $134.5 billion a Fed spokesperson estimated was still held in TARP funds back in March and the $134 billion in "fake" bonds that two (allegedly) Japanese businessmen (allegedly) tried to smuggle into Switzerland in June. Now, there was a case which left a few questions hanging! After all, if it was an attempt by a government to sell off some bonds on the quiet then the implications for the USD (and the Fed) are pretty huge.

I'd also be interested to know the hows and whys of the Fed providing half a trillion dollars to various countries' central banks, at the same time (just by the way) that the nominal exchange rate of the USD "coincidentally" went up 20%.

I'd guess plenty of US citizens would also like to know... After all, seems to me that they are playing around with YOUR currency as if they OWN it!

So -- a few questions for those who have the expertise or at least a fair idea: if Congressman Paul's bill actually gets to the voting stage, and if it gets passed into law, how long might it be before any such audit could be done? And if such an audit is done, how long might it actually take? Are we looking at days, weeks, or months? Also, is there any guarantee that the auditors will not be "interfered with" in some way, or that the "books" will not be cooked/tampered with? After all, from what I've read here on ATS and elsewhere, there have been questions over the misplacement/loss/misuse of many billions of dollars. Finally, what effect would this potential law have on the USD's value? Are we likely to see a lot of shorting going on? (Or a lot more shorting, to be more precise.)

Thanks and apologies if my non-American perspective offends anyone. But like it or not, what happens to your dollar affects us.

Mike

Edit for typos. (Starting 2nd coffee now... B) )

[edit on 21/9/09 by JustMike]

I agree that the FED needs to go but before destroying it a suitable alternative needs to be constructed. I like Ron Paul but on this one I believe he is aiding the bankers.

We need to ask questions about the system that would replace it. Are we talking of a global currency? The problem with wanting change is that you have to know what to change.

Remember when Dennis Kucinich had a hearing on the banking bailout? 90% of the seats were empty. Yeah, he got his hearing, and then... nothing. The guy may as well have been talking to himself.

Ron Paul will get the same treatment. Few of his colleagues will be there. Even fewer will listen. And when he is finished... nothing.

I have an eerie feeling that if this audit does happen, it will cause a lot of fear with the big investors and the other countries who have money invested in our country...and they'll take their money out of our markets....and then the markets will collapse....then we'll have a total economic collapse in our country.

So, I think Bernanke was right when he said that if we audit the Fed, it could cause an economic collapse. But what Bernanke didn't say was that it would be because of the FEAR it would generate in the banking world.

Does that mean I think the Fed shouldn't be audited? Nope. I think the Fed SHOULD be audited. Our monetary policies need to be drastically changed, and an audit is a good place to start, because you can't change what you can't see.

But, if we do have a total economic collapse, I can imagine a HUGE conflict starting, like a second civil war. Maybe the government would raise taxes to pay back our debt......or maybe people would just get angry....but I can see a lot of states deciding to secede from the country if it happens.

Think of our Civil War back in the 1860's...for decades, the North and the South were divided by political ideologies, such as slavery and states' rights, but they still stayed together, because there was mutual benefit. Then, when the Federal Government placed tarriffs on the South, that was the final straw that broke the camel's back for the South, and they declared they were seceding.

Of course, as soon as the south tried to secede, the north said "Oh, no you don't!" And they went to war. Slavery and state's rights were huge ideological undercurrents between the North and South, but as usual, the final straw that broke the camel's back and TRIGGERED the war was economics, not ideology.

Of course, to this day, depending on where you live in the United States, the reason why the Civil War broke out are taught differently. Most of the kids in our country (like myself) are taught in school that the Civil War was mostly about slavery. But most of the people in the "southern states" are taught that it was mostly about economics and states rights.

Heck, think about the Revolutionary War, too. The colonists didn't get angry enough to do anything against England, until they started to tax their tea....then we had the Boston Tea Party and declared that "taxation without representation" was unfair. Sure, we wanted our freedom, but the first act of property destruction did not happen until there was an economic reason to do so.

The truth is is that MOST people generally don't angry enough to unless you mess with their property, their money, their food, or their family....and I can forsee the same thing happening today. If an audit of the fed does trigger a market collapse, and if a market collapse triggers a total economic collapse... I can see that being the final spark for another civil war happening.

Of course, we have so many different ideologies in America these days, I can also imagine a lot of sides being taken, not just two sides.

I think that what Gerald Celente "forcast" was right....because now I can see what he was seeing.

But I hope we're both wrong. I hope we can audit the Fed, and I hope it doesn't turn violent.




[edit on 21-9-2009 by nikiano]