User Tag List

12 Last

Results 1 to 10 of 14

  1. #1
    Senior Member
    Join Date
    Nov 2009
    MBTI
    INFP
    Posts
    470

    Default Ron Paul says Bernie Sanders 'sold out' on Fed amendment

    Rep. Ron Paul (R-Texas) said Thursday that Sen. Bernie Sanders (I-Vt.) "sold out" on a measure to audit the Federal Reserve.

    Sanders agreed to modify the measure in a way that requires audits of the Fed during the financial crisis but not of the bank's monetary policy.

    On his Facebook page, Paul lashed out at Sanders. Paul is a longtime critic of the Fed, and pushed audit legislation in the House that drew more than 300 cosponsors.

    "Bernie Sanders has sold out and sided with [Sen.] Chris Dodd to gut Audit the Fed in the Senate. His 'compromise' is what the administration and banking interests want," Paul wrote on Facebook.

    Paul said transparency of the Fed's interest rate decisions are important.

    The Federal Reserve and Obama administration had strongly opposed earlier drafts of the Senate amendment.

    The central bank said the earlier version would have threatened the independence of monetary policy in the United States.


    .....wonderfull. The Fed needed a serious audit, and now this knife in the back? Absolutely wonderfull....

  2. #2
    Senior Member Survive & Stay Free's Avatar
    Join Date
    Jun 2009
    MBTI
    ESTJ
    Enneagram
    9 so/sx
    Posts
    21,661

    Default

    The central bank said the earlier version would have threatened the independence of monetary policy in the United States.
    Well that makes sense, central banks should be independent otherwise they can be manipulated at election times to win votes.

    Privatising/making independent the bank of england was probably the best move of the 1997 labour government when it first got into office.

  3. #3
    Senior Member Lateralus's Avatar
    Join Date
    May 2007
    MBTI
    ENTJ
    Enneagram
    3w4
    Posts
    6,276

    Default

    How does transparency threaten independence? How does secrecy promote it?
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  4. #4
    Senior Member Survive & Stay Free's Avatar
    Join Date
    Jun 2009
    MBTI
    ESTJ
    Enneagram
    9 so/sx
    Posts
    21,661

    Default

    Quote Originally Posted by Lateralus View Post
    How does transparency threaten independence? How does secrecy promote it?
    On the face of things that would appear hard to argue with but economies can hinge on rumours these days.

  5. #5
    Senior Member
    Join Date
    Nov 2009
    MBTI
    INFP
    Posts
    470

    Default

    Less speculation and actual data would be of better interest then. At leats it would have a basis
    Likes SearchingforPeace liked this post

  6. #6
    Order Now! pure_mercury's Avatar
    Join Date
    Feb 2008
    MBTI
    ESFJ
    Posts
    6,946

    Default

    Quote Originally Posted by Lark View Post
    Well that makes sense, central banks should be independent otherwise they can be manipulated at election times to win votes.

    Privatising/making independent the bank of england was probably the best move of the 1997 labour government when it first got into office.
    Ron Paul is quite clear that he would ABOLISH the Fed, given his druthers. Clearly, you do not want Congress directing the activities of an "independent" central bank (that would be the worst of all worlds in this situation), but the government should be able to audit it. I mean, you have the government RUNNING several corporations at the moment, and they can't audit one financial institution?
    Who wants to try a bottle of merc's "Extroversion Olive Oil?"

  7. #7
    Senior Member
    Join Date
    Oct 2009
    MBTI
    ISTP
    Enneagram
    9w8 sp/sx
    Posts
    1,636

    Default

    If the Fed were audited, our financial system would collapse.

  8. #8
    Senior Member Lateralus's Avatar
    Join Date
    May 2007
    MBTI
    ENTJ
    Enneagram
    3w4
    Posts
    6,276

    Default

    Quote Originally Posted by Lark View Post
    On the face of things that would appear hard to argue with but economies can hinge on rumours these days.
    And secrecy gives rumors more credence.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  9. #9
    Senior Member
    Join Date
    Oct 2009
    MBTI
    ISTP
    Enneagram
    9w8 sp/sx
    Posts
    1,636

    Default

    Secrecy gives rumors plausible deniability.

  10. #10
    Senior Member Ethereal's Avatar
    Join Date
    Nov 2009
    MBTI
    INTP
    Posts
    104

    Default

    Quote Originally Posted by sLiPpY View Post
    If the Fed were audited, our financial system would collapse.
    If the Fed were audited, their house of cards would collapse. They're bringing our financial system to the brink anyways...
    [SIGPIC][/SIGPIC]

Similar Threads

  1. Denmark's prime minister says Bernie Sanders is wrong to call his country socialist
    By Olm the Water King in forum Politics, History, and Current Events
    Replies: 5
    Last Post: 11-02-2015, 01:28 PM
  2. America is Headed on the Same Path as Greece: Ron Paul's Dire Warning
    By Xann in forum Politics, History, and Current Events
    Replies: 16
    Last Post: 07-03-2015, 02:31 AM
  3. Ron Paul
    By Paul3144 in forum Popular Culture and Type
    Replies: 27
    Last Post: 03-06-2008, 11:14 AM
  4. Ron Paul Tea Party... will you be donating?
    By file cabinet in forum Politics, History, and Current Events
    Replies: 95
    Last Post: 12-20-2007, 03:19 PM
  5. Ron Paul Wins Another Presidential Debate
    By FranG in forum Politics, History, and Current Events
    Replies: 13
    Last Post: 05-18-2007, 12:31 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Single Sign On provided by vBSSO