An attempt at pulling the wool over the People’s eyes I had discussed yesterday has succeeded.   See The Federal Reserve Con Game

Don’t be fooled by the media’s attempt to sugar coat any audit with a quasi attempt like what is being pushed through Congress now and supported by the White House.

Know the difference.  Contact your senator now!

Watered Down Version Passes

It turns out, the Sanders Amendment, known as the watered down version of the original Audit the Fed bill, H.R. 1207 that passed the House in a bipartisan vote, was passed with a 96-0 vote.

The concern from those who wanted the Fed to be audited was the fact the Sanders amendment would not address monetary policy.  Monetary policy is the one thing Bernanke and the Fed have been keen on keeping out of any Fed audit bill. They succeeded.

Who Was Most Vocal Against the Original Audit the Fed Bill?

Two of the most vocal against the original Audit the Fed bill proposed by House members Ron Paul and Alan Grayson were Senators Chris Dodd (D-CT) and Judd Gregg (R-NH).  These two senators had nothing to lose with their outrage at this bill from the get go as neither of them are running for reelection in their states.

Excerpt from that video:

Gregg; You know the only thing that’s not audited is monetary policy.”

Paul; It’s the only thing that counts.”

Gregg; The only part that’s not subject to the political influence of the Congress auditing it, is monetary and open market.  Why?  Because an independent Fed is critical to a stable monetary system.

Paul; Look what you have. Where’s the stability?

Paul; The Constitution puts the responsibility of the value of the dollar on the Congress, not some secret body or international orginization to deal with our money (Paul is referring here to IMF, Special Drawing Rights to be discussed in a forthcoming article).

Result of Sanders Amendment: No Monetary Policy Audit

Good Riddance Dodd and Gregg

Dodd would have been annihilated by Peter Schiff in the Connecticut Senate race come November.  Judd was not looked upon favorably in New Hampshire.

What I really ponder is what hidden deals have these outgoing Senators have made with their corporate masters in setting up the next leg of their careers.  You can bet they will somehow be taken care of.

Please note that Senator Brown from Massachusetts voted with the Democrats….again.  Talk about your one time Senator.

Defeat Can Only Lead To Victory

In the end, the failure of the Vitter amendment to pass is not going to stop me from going after those who voted “nay” to this bill.  These people need to be voted out of office.  They are allowing an entity that is quasi-government in nature to garner more and more power while at the same time causing the bust to begin with.

At some point this will come crashing down on all of us.

Will I be writing an article at that point in time telling everyone “I told you so?”  The answer is no.  Why?  Because I’m going to be doing something about it now in completing my book “Fed Up!” with the intent of waking people up to what’s really going on with Congress and the Federal Reserve.

Don’t Vote for Any of Those Who Voted “NAY” Below Come November – Throw the Bums Out!

Grouped By Vote Position

Related posts:

1. An Open Letter To Sellout Congressman Bernie Sanders On Auditing the Fed
2. Left and Right Media Misinforming Public About Auditing the Fed
3. Limbaugh and Hannity Still Favor The Fed and War While Most In America Don’t

I want to reiterate the point this $100 Billion was approved by congress just 8 months after receiving $700 Billion from U.S. taxpayers for TARP.  I would also like to point out that the banks who received money from us taxpayers did not use the gift to pay off toxic assets, but instead used it to shore up their cash balances and fend off the FDIC.  The banks are still in trouble.

It turns out, Ron Paul asked the question, “Where does the money come from (to fund the IMF)?” to Ben Bernanke in April of 2010.  Bernanke confirms the Federal Reserve had nothing to do with it as the money was approved by congress.  But where does Congress get the money from?  Higher taxes and/or higher inflation, caused by the Federal Reserve of course…with the help of wiling Congressmen.

So Bernanke, in this case, is right.  The money wasn’t printed out of thin air via the Treasury and the Fed, but allocated by Congress.

I wanted to know who in Congress voted for this gift to the IMF.  Was it along party lines or, like the TARP $700 billion bailout for the financial industry, was it both the Republicans and Democrats who joined together in favor of passing this bill?

When the bill, H.R.2346 came to the House of Representatives vote, it passed by a roll call vote on May 14th, 2009 with 368 Ayes, 60 Nays, 5 Present/Not Voting. 168 Republicans and 200 Democrats combined together to vote for this bill.  Ron Paul (R) and Alan Grayson (D), both who are working to Audit the Fed, voted against it.  See how each congressmen voted.

The Senate was a bipartisan vote as well with 86 Ayes, 3 Nays, 10 Present/Not Voting, passing on May 21, 2009.

Obama signed the bill into law on June 24, 2009.

Congress Is Either With Us or Against Us

There is a connection here that’s important to voters.  Which Congressmen and women are casting their votes for the Constitution and We the People and which are voting against the Constitution and the People?  Knowing the difference come election time will dictate whether we remain We the People or become We the Serfs.  Do not vote for any of the folks who voted Yes to the TARP funding or Yes to this bill.

One point that brings this all into perspective for the common man is Ron Paul’s exchange with Bernanke involving Greece.

Quote from the video above:

Ron Paul; “The irony of this promise, in the new arrangement, this increase, Greece is going to put $2.5 billion dollars in there (the IMF fund).  Only a fiat monetary system worldwide can up and have Greece help bailout Greece.”

The smile that comes to Bernanke’s face at 2:29, right after Ron Paul made that statement is an acknowledgment Bernanke knows Ron Paul is spot on with his assumptions.  If only We the People could be spot on with their votes, we could wipe this smile off Bernanke’s face for good.

“Information is a treasure for our people. The promise of the journalist is not with popularity.  It is with the truth.” Daniel Coronell

Related posts:

1. Congress Gives IMF Your Tax Dollars to Bailout Greece
2. Vote For Those That Voted “NO” To the Bailout Come November
3. A Solution for Ron Paul Supporters?

What will 2010 bring?

Stay tuned…I’ll expose it all here on the Fed Up! Blog and help people understand what’s really going on with the U.S. Dollar, Gold and their investments, media influence, our government and the politicians who run it and their collusion with the real “root of all Evil” that is at the forefront of the bust economy, the Federal Reserve.

Keep an eye out for my book (finally) “Fed Up!” coming out later this year.  Almost 5 years in the making as the research seems to never end, but the timing couldn’t be better!

Here are the top 5 Articles of 2009 for “The Fed Up! Blog”

1.  What Really Backs the U.S. Dollar?

Don’t be confused by all the games the Treasury and the Federal Reserve are playing. Educate yourself as to what money is and what really backs the U.S. dollar.

2.  Why Don’t Limbaugh and Hannity Support Ron Paul’s Bill to Audit the Fed?

There is currently a bill to Audit the Federal Reserve before the House and Senate that has bipartisan support and makes sense for all the People of this country yet Rush Limbaugh and Sean Hannity (among others) never promote it on their shows.  Why is that?

Follow Up: Limbaugh and Hannity Still Favor The Fed and War While Most In America Don’t

Related: Why Don’t The Elite Want the Fed to be Audited?, The One Thing Bernanke Is Really Afraid Of,  The Banking Crisis is Far From Over, and The Left and Right Love and Need War and can only wage it with the Fed’s help.

3.  DOW 10,000 In 2009 Is NOT the Same as DOW 10,000 In 1999 – It Buys You 23.8% Less Today

CNBC can cheer all they want about the DOW hitting 10,000 again by proclaiming it “DOW 10,000 (version) 2.0,” but is it really a better version, or even the same version as DOW 10,000 of 1999?

4.  Gold and Silver: Jim Rogers Does NOT Win Over Peter Schiff

Dr. Jeffrey Lewis from Commodities Online is mistaken, Jim Rogers does not win over Peter Schiff.

Related: Gold and the Carry Trade: Rogers vs. Roubini, Who’s Right? and Gold Is Not Falling

5. The Government Is Not in the Business of Keeping You Healthy

Is the Government in the Business of Keeping You Healthy?  No.  What makes anyone think that the government can develop a health plan that can do what Medicare doesn’t even do? As usual, government has it all backwards. Look no further than the government run Medicare program to see how much government understands the health care business.

Follow Up: The Government Is Not in the Business of Keeping You Healthy Revisited: No Mammograms Recommended for Women Aged 40-49

Related: Defend Your Health Care; Stop Obama’s Health Plan

Related posts:

1. America’s Infrastructure In 2009: Grade “F”
2. All Gold, Investment and Economic Articles Moved To New Website