Friday, 31 July 2009
Texas Congressman Ron Paul, the driving force behind HR 1207, legislation that would see an audit of the Federal Reserve, joined Alex Jones live on air yesterday to provide a short update on the progress of the bill.
“I think it’s rather amazing,” the Congressman told listeners, “a year or two ago I imagine very few people even thought about the Federal Reserve.”
“But I think because of the economic crisis, because of the blundering with TARP funds, when the American people said we need to know what you guys are doing with and how you’re wasting the money, we saw an opening that we could call attention to about what kind of shenanigans has been going on at the Federal Reserve.” Paul commented.
The Federal Reserve Transparency Act now has 279 co-sponsors in the House and 20 in the Senate, meaning that more than 64% of the House of Representatives is already co-sponsoring the bill.
“There’s a lot more yet to come.” Congressman Paul said. “We need to know what they are doing, that’s why our audit bill is so important, but eventually though we need a sound monetary system, and I think that if we continue with our progress, hopefully we’ll reach that point some day.
There is strong bipartisan support for the bill with both Republicans and Democrats getting behind the legislation.
“The new survey finds that an overwhelming majority of Americans in every demographic category – including age, gender, political affiliation, race and income – disagree with Bernanke and favor auditing the Fed to make its secretive deliberations public.” Rasmussen writes.
“The Fed feels so much on the defense that they send the Chairman of the Federal Reserve Board out to hold town hall meetings.” Congressman Paul told listeners, chuckling. “That is hilarious.”
Paul spoke of bigger challenges to come.
“The dollar crisis will be a ten times bigger event than the financial collapse, and then the big deal will be which way are we going to go. Are we going to say as Americans that we had a taste of freedom, we want our freedom back? Or are we going to be complacent and the majority of people say ‘yes let the government do whatever they want, they take care of us, we trust the government’?”
“Right now in Washington everybody is still pushing more government.” Paul told listeners. “Just look at what Obama is doing with more war, more spending, more borrowing, more socialized medicine, more cap and trade, more taxes. But when I go home or go around the country or talk on radio shows, I find there’s not tens of thousands but literally millions of people who understand exactly what is going on and they’ve had enough.”
“We have truth on our side, the absurdity that they can control us forever by just printing money and claiming that they will always have wealth by printing money is so absurd that the people realise. Since we have honest money, truth, limited government and freedom on our side, if we don’t win there’s something awfully wrong.” Paul said.
The Congressman also warned, however, that the Obama administration has the wherewithal to use staged events to their advantage in order to dissolve growing public dissent.
“It may be an accident that they play on or blow up, or react to, so it doesn’t necessarily have to be absolutely contrived. They may have an accidental confrontation or sometimes they’ll just go out and something gets blown up and this will incite the people.” Paul urged.
“I don’t have any immediate insights, but I’m always on the alert and vigilant… If there isn’t enough fear in the hearts of the people, they will create the fear because people succumb and they give up their liberties when they are very fearful.” he commented.
Listen to the interview below: