Federal Reserve Threatens Congress Over Bill To Audit them.

Federal Reserve Threatens Congress Over HR 1207: CALL YOUR SENATORS AND GET THIS BILL S 604 PASSED

On Thursday of last week, the Federal Reserve’s vice chairman, Donald Kohn, threatened to jack up interest rates if Congress continues to expose “some of the U.S. central bank’s most sensitive decisions to political scrutiny,” Reuters reported. “Any substantial erosion of the Federal Reserve’s monetary independence likely would lead to higher long-term interest rates as investors begin to fear future inflation,” Kohn told a House of Representatives Financial Services subcommittee.

Kohn’s threat came as Ron Paul’s bill to audit the Federal Reserve (HR 1207) has picked up 256 co-sponsors — more than 55% of the House of Representatives. HR 1207’s companion bill in the Senate, S 604, has already attracted 8 co-sponsors. Kohn and his boss Ben Bernanke are obviously very concerned over the prospect that the American people may soon have a look at their books.

Ron Paul: “political shenanigans” going on with the Fed.

Kohn went before Congress as debate rages over Obama’s plan for “regulatory reform,” in effect granting the Fed power to gobble up companies in national socialist fashion and consolidate banking and securities across the board. In order to quell outrage over this brazen power grab, Obama and his bankster advisers propose a token council of regulators advise the Fed.

On June 16, Goldman Sachs operative Timothy Geithnersaid: “When you have too many people involved, there’s an accountability problem.” In other words, Congress and the American people need to mind their own business. The Federal Reserve is an institution owned by the bankers, not the American people.

“Some people think the Federal Reserve Banks are the United States government’s institutions,” Louis T. McFadden, Chairman of the Committee on Banking and Currency in 1932 during the “Great Depression,” had entered into the Congressional Record. “They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers.”

McFadden’s international swindlers are running scared from HR 1207 and public anger over last year’s engineered financial crisis and Fed-orchestrated “bailouts” of investment bank Bear Stearns and insurer American International Group.

“The Federal Reserve strongly believes that removing the statutory limits on GAO audits of monetary policy matters would be contrary to the public interest by tending to undermine the independence and efficacy of monetary policy,” said Kohn. He said accountability to the people would “cast a chill” on monetary policy deliberations held in secret behind closed doors.

Kohn then threatened to jack up interest rates. “The bond rating agencies view operational independence of a country’s central bank as an important factor in determining sovereign credit ratings, suggesting that a threat to the Federal Reserve’s independence could lower the Treasury’s debt rating and thus raise its cost of borrowing.”

Bernanke’s underling made no bones about the fact Paul’s bill is a direct threat to the “independence” of the Federal Reserve. “History provides numerous examples of non-independent central banks being forced to finance large government budget deficits. Such episodes invariably lead to high inflation,” he said. “Given the current outlook for large federal budget deficits in the United States, this consideration is especially important.”

Talk about doublespeak. In fact, the Federal Reserve is all about huge federal budget deficits and a mounting federal debt. The Federal Reserve was established in 1913 by the banksters for the purpose of creating debt-based money secured by thin air. The American people are seriously and terminally indebted to the bankers and currently owe over $400 billion a year in interest alone, with no hope of every paying off the principal, which is in the tens of trillions.

In 1910, before the passage of the Federal Reserve Act, the federal debt was a mere $1 billion, or $12.40 per citizen. Now the overall debt is over 80% of the annual output of the entire U.S. economy, as measured by the gross domestic product. When government “obligations” are considered, the debt balloons to an astronomical $56 trillion, or roughly $184,000 per American, according to the Peter G. Peterson Foundation.

It is simple, really — the larger the debt, the richer and more powerful the international bankers become. The Federal Reserve is their front organization and it runs roughshod over Congress.

The passage of HR 1207 is not certain and it faces an even more strenuous uphill battle in the Senate. It is, at this point, our only practical hope of auditing the Fed, revealing its numerous crimes, exposing its mega-grand theft scams, and delivering Donald Kohn, his boss Bernanke, and the minions of the international banksters to justice.

Private health insurance will be ILLEGAL...

This is from an editorial from Investor's Business Daily. It was not investigated and reported by ABC, NBC, CBS, CNN, MSNBC, or anybody else - just little ol' IBD. Read it and weep for your country.

To those of you have have not yet responded, take a moment to let me know if you can make it tomorrow.

It's Not An Option
It didn't take long to run into an "uh-oh" moment when reading the House's "health care for all Americans" bill. Right there on Page 16 is a provision making individual private medical insurance illegal.

When we first saw the paragraph Tuesday, just after the 1,018-page document was released, we thought we surely must be misreading it. So we sought help from the House Ways and Means Committee.

It turns out we were right: The provision would indeed outlaw individual private coverage. Under the Orwellian header of "Protecting The Choice To Keep Current Coverage," the "Limitation On New Enrollment" section of the bill clearly states:
"Except as provided in this paragraph, the individual health insurance issuer offering such coverage does not enroll any individual in such coverage if the first effective date of coverage is on or after the first day" of the year the legislation becomes law.

So we can all keep our coverage, just as promised — with, of course, exceptions: Those who currently have private individual coverage won't be able to change it. Nor will those who leave a company to work for themselves be free to buy individual plans from private carriers.
From the beginning, opponents of the public option plan have warned that if the government gets into the business of offering subsidized health insurance coverage, the private insurance market will wither.

..... What wasn't known until now is that the bill itself will kill the market for private individual coverage by not letting any new policies be written after the public option becomes law.

..... The public option won't be an option for many, but rather a mandate for buying government care. A free people should be outraged at this advance of soft tyranny.

John Holdren, Obama's Science Czar, says: Forced abortions and mass sterilization needed to save the planet

John Holdren, Obama's Science Czar, says: Forced abortions and mass sterilization needed to save the planet

Book he authored in 1977 advocates for extreme totalitarian measures to control the population
Forced abortions. Mass sterilization. A "Planetary Regime" with the power of life and death over American citizens.

The tyrannical fantasies of a madman? Or merely the opinions of the person now in control of science policy in the United States? Or both?

These ideas (among many other equally horrifying recommendations) were put forth by John Holdren, whom Barack Obama has recently appointed Director of the White House Office of Science and Technology Policy, Assistant to the President for Science and Technology, and Co-Chair of the President's Council of Advisors on Science and Technology -- informally known as the United States' Science Czar. In a book Holdren co-authored in 1977, the man now firmly in control of science policy in this country wrote that:

• Women could be forced to abort their pregnancies, whether they wanted to or not;

• The population at large could be sterilized by infertility drugs intentionally put into the nation's drinking water or in food;

• Single mothers and teen mothers should have their babies seized from them against their will and given away to other couples to raise;

• People who "contribute to social deterioration" (i.e. undesirables) "can be required by law to exercise reproductive responsibility" -- in other words, be compelled to have abortions or be sterilized.

• A transnational "Planetary Regime" should assume control of the global economy and also dictate the most intimate details of Americans' lives -- using an armed international police force.

Impossible, you say? That must be an exaggeration or a hoax. No one in their right mind would say such things. Read the full story, and see FULL SCANNED PAGES OF THE BOOK! you can also try and purchase the book online, amazon has sold out since this story broke. The book is no longer in print, you may however be able to find it in your local library.

John Holdren, Ideological Environmentalist

John Holdren, Ideological Environmentalist
Forbes.com
Ronald Bailey, 02.03.09, 04:56 PM EST
A most dogmatic member of Obama's 'Green Dream Team.'John Holdren


President Barack Obama has nominated a Green Dream Team to guide the implementation of his ambitious climate and energy policies. John Holdren, a fierce ideological environmentalist, will be the leader of this team as the assistant to the president for science and technology and director of the White House Office of Science and Technology Policy.

Holdren's political environmentalism has been amply rewarded over the years. Today, he is the Teresa and John Heinz Professor of Environmental Policy at Harvard's Kennedy School of Government, director of environmental research group the Woods Hole Research Center and a past president of the American Association for the Advancement of Science.

In his salad days, Holdren was a fully paid-up member of The Limits to Growth club. For example, in his 1971 Sierra Club book, Energy: A Crisis in Power, Holdren declared that "it is fair to conclude that under almost any assumptions, the supplies of crude petroleum and natural gas are severely limited. The bulk of energy likely to flow from these sources may have been tapped within the lifetime of many of the present population." This sounds very much like contemporary prognostications of "peak oil."

In keeping with his dogmatic limits-to-growth convictions, Holdren joined his frequent co-author, eco-doomster Paul Ehrlich, in a famous bet against cornucopian economist Julian Simon.

In 1980, Holdren, Ehrlich and Stanford colleague John Harte picked a basket of five commodities--chrome, copper, nickel, tin and tungsten--that they were sure were going to rise in price as they became increasingly scarce. They drew up a futures contract obligating Simon to sell Holdren, Ehrlich and Harte the same quantities of five metals that could be purchased for $1,000 10 years later at 1980 prices.

If the combined prices rose above $1,000, Simon would pay the difference. If they fell below $1,000, Ehrlich would pay Simon. Ehrlich mailed Simon a check for $576.07 in October 1990. Simply put, the combined real prices of the metals selected by Holdren and his colleagues fell by more than 50% during the 1980s, confirming cornucopian claims that the supply of resources over time becomes more abundant, not scarcer.

Despite his early peak-oil proclivities, Holdren did acknowledge in The Bulletin of the Atomic Scientists back in 1975 that "civilization is not running out of energy; but it is running out of cheap energy." But even then, he was clearly convinced that energy supplies would become ever more expensive. More recently, Holdren has declared that even "peak oil" is debatable.


Also near the beginning of his career, Holdren introduced in 1971--with his colleague and perennial population-alarmist, Ehrlich--the concept of the I=PAT identity. Human Impact on the environment is equal to Population x Affluence/consumption x Technology. All of which are supposed to intensify and worsen humanity's impact on the natural world.

History shows that the I=PAT identity largely gets it backward. Population is at worst neutral, while affluence and technology actually promote environmental flourishing. It is in the rich, developed countries that the air becomes clearer, the streams cleaner and the forests more expansive.

Holdren now apparently recognizes the power of human creativity to solve environmental problems by means of technological progress and economic growth. In his 2006 inaugural lecture as the president of the American Association for the Advancement of Science, he noted, "Advances in technology help meet basic human needs and drive economic growth through increased productivity, reduced costs, reduced resource use and environmental impact, and new or improved products and services."

Unfortunately, Holdren doesn't appear to have an adequate understanding of the economic process through which these technological advances are achieved. He seems to think new technologies arise full-blown from government agencies and university laboratories.

Holdren early on exhibited an unlovely tendency to try to enforce ideological conformity on his fellow scientists and activists. Back in 1972, he and Ehrlich disagreed with environmentalist Barry Commoner on whether population or technology was worse for environment. This dispute exploded into the public when Commoner disclosed a letter Ehrlich and Holdren had sent to numerous scientific colleagues revealing that the two had pressed Commoner not to debate in public which of the factors was most important because that would undermine the realization of environmental goals.

Commoner was outraged that the two wanted to shut down debate and enforce an environmentally correct united front. If this is what Holdren would attempt to do to an errant fellow environmentalist, it's no surprise the fury he visits upon those who don't accept the environmental litany of doom, such as Bjorn Lomborg, author of TheSkeptical Environmentalist.

Lomborg had the temerity to cite Holdren's humiliating lost bet with Simon in his book. In a 2002 Scientific American attack piece, Holdren characterized Lomborg's chapter on energy as being "devoted almost entirely to attacking the belief that the world is running out of energy," which "only a handful of environmental researchers, if any at all, believe this today."

Actually, the chapter can be far more accurately described as critiquing the concept of peak oil. Lomborg opens it by citing a 2000 article from E: The Environmental Magazine entitled "Running on Empty," propounding the "peak oil" hypothesis. Clearly, some prominent environmentalists do still believe the world is running out of oil.

Later, an irritated Holdren complained that Lomborg had "needlessly muddled public understanding and wasted immense amounts of the time of capable people who have had to take on the task of rebutting him." Evidently, Holdren finds scientific and policy debates a bit tiresome.

When President Obama nominated Holdren, he declared, "The truth is that promoting science isn't just about providing resources--it's about protecting free and open inquiry. It's about ensuring that facts and evidence are never twisted or obscured by politics or ideology."

Unfortunately, Holdren's record is far from reassuring on that score.

Ronald Bailey is Reason magazine's science policy correspondent.

Every Single Republican Congress Member Has Now Co-Sponsored Bill to Audit the Fed… Democrats, Its Up To You

Every Single Republican Congress Member Has Now Co-Sponsored Bill to Audit the Federal Reserve: Democrats, Its Up To You

Shared via AddThis

Holdren Forced To Respond To Controversy Over Totalitarian Population Control Proposals

Holdren Forced To Respond To Controversy Over Totalitarian Population Control Proposals

Shared via AddThis

We Now Have A Total Gangster Government