Se van quitando las máscaras. Prohibieron el añadido de auditar la Fed basandose en la "regla 16", pero admitieron todo el resto cuando tb violaban la "regla 16". Van a hacer todo lo que puedan para evitar que pase la legislación, pero esto solo acaba de empezar.

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Errores Puntuales - !Mamá, está vez es diferente!

Ron Paul Is Right! We Should Audit the Fed: Tech Ticker, Yahoo! Finance

Ron Paul Is Right! We Should Audit the Fed

Posted Jul 08, 2009 12:30pm EDT by Peter Gorenstein in Newsmakers, Banking
Related: XLF, GLD, SPY, DIA, TBT, TLT, ^DJI
An amendment based on Congressman Ron Paul’s House bill to audit the Federal Reserves was blocked by the Senate this week on procedural grounds.

Speaking on the Senate floor, Republican Senator Jim DeMint and supporter of an audit said, "allowing the Fed to operate our nation's monetary system in almost complete secrecy leads to abuse, inflation and a lower quality of life."

Charles Ortel, managing director with Newport Value Partners, an independent research firm, agrees. "Transparency is the key to any market," he says, noting the Fed doesn't mark-to-market its assets, much of it now consisting of the worst toxic debt Wall Street had to offer.

In truth, the Fed doesn't work in complete secrecy - they do release a weekly update which details the size and type of assets on its balance sheet. According to the latest report, the Fed’s balance sheet shrunk to $1.989 trillion, falling below $2 trillion for the first time since March.

And Bernanke backers are inclined to say, give the Fed a break. Those supporters including, Warren Buffett, claim the Fed’s action saved the U.S. from an even greater economic catastrophe.

But Ortel isn’t buying it: "We are well into a major crisis of confidence... those with major league exposure to the dollar and U.S. companies are quietly reducing that exposure," he claims.

If one looks at recent U.S. Treasury auctions, appetite for U.S. debt remains relatively strong. But Ortel says the smart money has little confidence in the future of the U.S. and is instead buying gold and other hard assets.

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Errores Puntuales - !Mamá, está vez es diferente!

Pregunto desde la ignorancia...

Qué consecuencias puede tener para el hombre de calle estadounidense que auditen la FED? Y para la economía global?

Puede ser una ayuda a salir de la crisis o no tiene nada que ver?

Que hace un banco central? Para que sirve?

La Fed es una de las principales causantes de la crisis. Sus políticas de crédito barato inflaron la burbuja. Se trata de evitar que vuelvan a hacerlo. El congreso ha dado 1.5 trillones a los bancos y la gente se ha indignado. Sin votaciones, sin informar a quien, sin nada, la Fed ha dado más de 11 trillones a los bancos.

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Unete a la red libre guifi.net
Errores Puntuales - !Mamá, está vez es diferente!

No paran de desacreditar la "Transparency Act" de R.Paul, pero el apoyo que empieza a tener en la calle ronda el 100%, como podéis ver por los comentarios de los lectores de este articulo de opinión, por cierto, muy lamentable y escaso de argumentos. (empezando por el titulo)
Resumiendo, para qué auditar a la FED si ya se auditan ellos de manera interna

People Lose 10 IQ Points When Talking About The Fed

It's True, People Lose 10 IQ Points When Talking About The Fed
Joe Weisenthal|Jun. 30, 2009, 1:08 PM|comments30

Ron Paul's Fed Transparency Act, which would require a fresh outside audit of the Fed, has passed the House, though it faces an uphill climb in the Senate.It's got a lot of internet-borne support (duh!) in part, probably, cause nobody knows what the hell the Fed is or does, but also because there are many people legitimately concerned about transparency and the bailouts (like us).

Before everyone jumps on Ron Paul's bandwagon, Eddy Elfenbein has a good piece urging everyone to take a deep breath:

The Federal Reserve is one of those topics where otherwise normal people start getting a little weird. I think it knocks about 10 points off people’s IQ. Israel is another topic like that. In fact, to some people, it’s not a separate topic.

I mention this because there’s been a movement to support Congressman’s Ron Paul’s bill (HR 1207) which will require audits of the Federal Reserve. The bill already has enough cosponsors to pass the House easily. The Senate, however, could be a different matter. (Sí, lo hemos visto esta semana)

So what could anyone have against auditing the Fed? The problem I have isn’t the audit, but it’s the bizarre paranoia of more than a few of the bill’s supporters. What exactly do they expect to find out?

There is a serious question as to what role the Federal Reserve ought to have. The issue before us is that the Fed has been taking on more and more job titles over the last year, not be design but by default. Congress’ prefer method seems to be outsourcing fiscal policy to the Fed and then blaming it for the consequences. (FALSO)


Letting Lehman Brothers may have been a mistake, though I’m not convinced it brought on the collapse. Nationalizing AIG was a bad move and the Fed wasn’t pleased with it. Unlike a lot of folks, I’m not so judgmental about Greenspan’s low-rate policies earlier this decade. Not that I think they were right but I’m not convinced how obvious the wrongness was at the time. Monetary policy in hindsight is an easy thing to do.

I consider these open questions but the fact is that these are decisions that the Federal Reserve has made and will have to make in the future. That’s a lot on their plate, plus they have their regulatory duties. Consider that over the past several months, the Fed’s balance sheet has more than doubled to over $2 trillion. One idea is to let the Fed issue its own bonds. The Fed wants to do that but Congress would never go for it. This brings me to my general rule about central banking, it should be as dull as possible.

Technically, the Fed is audited but HR 1207 will require a full audit which will include their open market operations. Edward Flaherty writes that there’s a good reason why the Fed’s open market operations haven’t been audited:

In 1978, the Federal Reserve's Office of Inspector General was given authority to conduct audits, operations reviews, and investigations of Board of Governors' programs and operations. In addition, GAO was given authority to audit the Board of Governors and the regional Federal Reserve Banks, branches, and facilities, subject to the limitation that it could not examine the Fed's foreign exchange and open market monetary policy actions.

One of the difficulties in understanding the audit issue is in the different types of audits. Most people think of audits as financial audits. These are principally concerned with whether an institution has spent the money and maintains the funds as it has claimed in its financial statements, and whether it is complying with procedures designed to safeguard it from misappropriation of funds. This is no doubt the kind of audit most people have in mind when expressing their concern over whether the Fed gets audited.

But audits are also designed to review management efficiency and to evaluate the policy of an institution. It is the latter kind of audits that are the reason for the restrictions on GAO's audit authority over the Fed. The concern is that more extensive audits will become policy evaluations second-guessing the Fed's monetary policy, and not examinations of Federal Reserve financial safeguards and procedures. Under current law, policy is reviewed twice annually by the Congress.

And here.

In 1993 Wayne D. Angell, then a member of the Board of Governors, submitted testimony before a House subcommittee on the reasons for the restrictions on GAO access. He commented, By excluding these areas, the Act attempts to balance the need for public accountability of the Federal Reserve through GAO audits against the need to insulate the central bank's monetary policy ********s from short-term political pressures and to ensure that foreign central banks and governmental entities can transact business in the U.S. financial markets through the Federal Reserve on a confidential basis.

In reference to a bill that would lift the constraints placed on the GAO's audit authority over the Federal Reserve, Angell stated, The benefits, if any, of broadening the GAO's authority into the areas of monetary policy and transactions with foreign official entities would be small. With regard to purely financial audits, the Federal Reserve Act already requires that the Board conduct an annual financial examination of each Reserve Bank...The process of conducting financial audits is reviewed by a public accounting firm to confirm that the methods and techniques being employed are effective and that the program follows generally accepted auditing standards...Further, a private accounting firm audits the Board's balance sheet...Finally, and more broadly, the Congress has, in effect, mandated its own review of monetary policy by requiring semiannual reports to Congress on monetary policy under the Full Employment and Balanced Growth Act of 1978...In addition, there is a vast and continuously updated body of literature and expert evaluation of U.S. monetary policy. In this environment, the contribution that a GAO audit would make to the active public discussion of the conduct of monetary policy is not likely to outweigh the disadvantages of expanding GAO audit authority in this area.

Ultimately, I’m puzzled by the anger directed at the Fed. Go ahead and audit them, but you should really be angry at Congress.

Este asunto de auditar la FED, no va salir adelante, salvo que los ciudadanos asalten el congreso, miren a los ojos con cara de mala hostia a los congeristas, y estos últimos, en un acto reflejo de supervivencia, den más valor a su integridad física que a los millones de dolares con los que escoria como Goldman&Sachs les compran. Porque por lo demás, y siguiendo el procedimiento convencional, si tenemos en cuenta que los Democratas de Obama son mayoría en ámbas camaras, y pocos de ellos van a estar dispuestos a votar junto con Ron Paul, unido a que otros congresistas republicanos también estan en contra, hacen imposible que se apruebe la Transparency Act.

La gran victoria de Ron Paul, y de la ciudadanía es que esta dejando en evidencia al sistema, se esta viendo claramente, que la gran mayoría de la población desea que se audite la FED, pero entre los que se supone que son sus representantes solo una minoría esta a favor, y menos los que trabajan activamente por conseguirlo, con lo que se esta desenmascarando a la clase politica, demostrando que la mayoría no esta al servicio de sus votante, lo esta de las elites financieras, y de la mafia que controla la FED. A la tírania plutocratica y a la oligocracia se le cae un poco la sabana de democracia con la que se disfraza y trasvieste, quedando un poco más al desnudo.

Pero no solo quedan en evidencia los congresistas, también queda en evidencia el falsario de Obama, ese producto de marketing financiado por los de siempre, la FED, Goldman&Sachs, por la oligarquía en una palabra. Mientras habla de transparencia no hace más otorgar poderes a la FED, organización oscura por excelencia, a la cual acabará por entregar el "imperium" americano, y al mismo tiempo intenta entorpecer el que se audite la FED, mientras aumenta los impuestos a los ciudadanos tras regalar billones a los bancos. Despues de la prueba de fuego de la Transparency Act Obama, no volverá a ser el mismo, no podrá hablar de transparencia ni de nada, se caerá otra careta.

Y por último, el nivel de desprestigio en el que estan cayendo los medios de comunicación de masas que participan en la campaña de desprestigio de Ron Paul y de su plan para auditar la FED es evidente, no tienen argumentos, sus artículos (como el que se ha puesto arriba), comentarios y soflamas carecen de la más mínima argumentación, no estan sustentados en nada, son tan soeces que hasta el americano medio se da cuenta que son basura, que son ataques gratuitos, basados únicamente en el mercenarismo periodistico, en defender a quien de verdad es dueño de los medios de comunicación, la oligarquía financiera, es una defensa cual gatos panzaarriba, arremetiendo contra todo lo que huela a Transparency Act a diestro y sieniestro, tan soez, tan grotesco, tan explicito, que quedan en total evidencia, descubren sus cartas, descubren quien son los verdaderos dueños de los medios, y cual es su papel aborregador y manipulador.

Como digo, no creo que Ron Paul consiga que se apruebe una auditoría para la FED, pero emprender esta batalla, ahora que con la crisis muchos Usanos se estan empezando a hacer preguntas, esta dejando en bragas al sistema, esta demostrando como esta montado ese tinglado piramidal, que es lo que de verdad hay en la mal llamada tierra de la libertad, y no es otra cosa que una oligarquía sin escrupulos, que controla todos los resortes del poder politico a través del tráfico de influencias, el soborno, y la financiación de campañas, y unos medios de comunicación que no son más que grandes lavacerebros de masas, de los que la oligarquía dispone para mantener eso que gusta llamar paz social, y que no es otra cosa que tener a los borregos en calma y teledirigidos para que ellos sigan esquilmandoles desde las alturas con todas las prevendas.

La lucha de Ron Paul en plena crisis esta despertando las adormecidas conciencias de muchos yankees que hace a penás un año no sabían ni que era la FED, y que ahora gracias a todo esto empiezan a entreveer la tiranía en la que viven.

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"Si el pueblo americano permite un día que los bancos privados controlen su moneda, los bancos y todas las instituciones que florecerán en torno a ellos privarán a la gente de toda posesión, primero por medio de la inflación, seguida por la recesión, hasta el día en que sus hijos se despertarán sin casa y sin techo sobre la tierra que sus padres conquistaron”

Ron Paul questions Vice Chair of Federal Reserve Kohn on transparency 07/09/2009

No tienen más morro porque no pueden. El tio dice que la Fed ya es muy transparente. Si es que nos quejamos de vicio...




Y todo eso sin considerar que si en algún momento la presión fuera tan grande que tirara para adelante, los banqueros harían lo que han hecho siempre: usar asesinos. Y estoy seguro que a Ron Paul lo tienen en la lista de tocacojones mayores desde hace tiempo. Pero creo que lo que está haciendo de despertar a la gente sobre como funciona el sistema bancario es espectacular.

Además, tb está dejando muy claro quien realmente quiere un cambio real de la sociedad y quien solo va de progre, pero en el fondo no quiere cambiar nada y que ni toquen al sistema bancario.

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Unete a la red libre guifi.net
Errores Puntuales - !Mamá, está vez es diferente!

Congressman Ron Paul has vowed that he will not be stopped in his effort to audit the Federal Reserve, as he slammed Senate authorities for blocking the bill earlier this week.

Appearing on Fox News’ Freedom Watch with Judge Napolitano Paul referred to Senate authorities blocking Jim DeMint’s attempt to attach the legislation, which already has 250 co-sponsors in the House, as a provision to a spending bill as a “facade”.

The amendment was blocked by Senate authorities on Monday after they claimed that it violated rules for provisions attached to spending bills.

“Technicalities are always ignored for things they want – this means they don’t want it and this is their organized effort now to stop us, but we’re not going to be stopped, it’s just going to energize everybody at the grass roots,” said the Congressman.

Paul said that it made no sense to give the Fed more power when they had already created the bubble that led to the economic collapse in the first place. The Obama administration’s new regulatory reform plan, which will officially hand the Federal Reserve complete dictatorial control over the U.S. economy, will give the Fed the authority to “regulate” and shut down any company whose activity it believes could threaten the economy and the markets.

Asked what the powers that be were afraid of should the Fed be audited, Paul listed a number of issues that would be brought to light with increased transparency.

“I think the biggest thing is the cronyism, who got the benefits, who really got some of these Federal Reserve funds as well as TARP funds, and I don’t think they want people to know about it,” said Paul, adding, “I’d like to know what they’re doing internationally, what kind of agreements they have with international banks, with other governments, and also what they do in the gold market – how they manipulate the value of the dollar by manipulating gold prices.”

As we have previously highlighted, the Fed has refused to disclose where trillions in bailout funds have gone despite a lawsuit filed by Bloomberg.

Paul explained that nobody knows exactly what would be uncovered but that was the whole point of having an audit in the first place.

The Congressman concluded that the Washington elite would do everything in their power to dig their heels in and prevent the bill from passing, because it represents the first major step in abolishing the Federal Reserve altogether.

“When we discover what’s really going on, I think the American people are going to demand the next step, they’re going to demand honest money – it’s happened many times in history,” added
Paul.

Ron Paul On Fed Audit: We Will Not Be Stopped

Eso había entendido, pero me costaba creerlo, es una amezada en toda regla dirigia a todo EEUU y al mundo financiero en general. Increible. Esto puede acabar peor que morir cienes de veces!


¿Alguien me puede explicar un poco mas que quiere decir este parrafo? Muy agradecido por adelantado.

PD. voy mejorando mi inglés a marchas forzadas, este foro lo tiene todo

"Honest money"="patrón oro" en el lenguaje de Ron Paul


No lo dudes. ¿Ya te has pasado por la guardería?

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