Third Party & Independents Archives

Audit The FED

Was glad to see Glenn Beck’s Friday program dedicated to the Federal Reserve. His guests were C .Edward Griffin, author of ‘The Creature From Jekyll Island’, and Mark Calabria of the CATO Institution.

He covered the usual ills of the FED; the Hamilton/Jackson era, the first bank, 1791, the second bank, 1850, 3 ½ times larger than the first which lasted 20 years. From the stock market crash in 1907 the Federal Reserve got its roots in 1913. While the FED was legislated into being by the Congress, the bill was formulated by a group of wealthy scions and associates of the John Rockefeller, J. P Morgan, Rothchild and the like who controlled about ¼ of the nation’s wealth at the time. This group secretly found their way to Jekyll Island, Ga. to form a banking cartel with the following objectives:

Stop growing competition

Obtain franchises

Control the reserves of all banks

Shift risk (losses) from banks to the taxpayers

Convince Congress their purpose was to protect the public

They were able to create a quasi private/gov’t organization with a monopoly to print money. FED officials aren’t elected but appointed. Information about the FED is hard to come by as to who owns the books and no entity is allowed to fully audit their records. Beck expounds on the FED Ponzi and how FED power is leveraged into political power to control nations and the world. He alludes that you just need to control the leadership of a nation and the people will follow. He believes that the FED would try to ruin the country before giving up power through any congressional reform.

C. Edward Griffin believes that true inflation is running around 20%. Noted that we didn’t have big inflation until after the Nixon era when we dropped the gold standard. Also, noted that the North Carolina is working on legislation that will allow people to pay their taxes in gold.

Over the last couple of years there has been a call to ‘audit the FED’ but that noise seems to have passed. Reforming or abolishing the FED is little different than trying to reform or abolish corporate personhood. The only way that can happen, IMO, is through a 3rd party with a different political attitude - - -

But, I’m glad to see Beck helping to keep the FED on the front burner.

Otherwise, we have the Corpocracy we deserve.

Posted by Roy Ellis at March 26, 2011 8:09 PM
Comment #320702

Very good post Roy Ellis. I watched the Beck show too. What is amazing is the fact that liberals defend the Federal Reserve and at the same time castigate the banks and bankers, who were basically responsible for all the banking problems we have today, and in forming the Federal Reserve. As usual progressives never really tell the truth and as a result the politicians voted for the FR, but had they known what was really happening, they may not have. The left hates GB; he scares them by teaching the American people.

Here is another thought; today it was reported that GE made $14.2 billion in 2010 and paid NO taxes. To add insult to injury, Jeffrey R. Immelt (former CEO whose pay and bonuses in 2010 was close to $20 million, was picked by “President Barack Obama as his next top outside economic adviser, will be asked to guide the White House as it attempts to jump-start lackluster job creation and spur a muddled recovery.”

Why no cries from the corporation hating left on this one? I’ll tell you why, hypocrisy. Whether it’s war, drilling for oil, or corporate America; all is hypocrisy from the left.

Posted by: 1776 at March 26, 2011 10:01 PM
Comment #320704

1776. just as the banking scions wrote the bill for the FED the corporate lobbyist did the same in buying a loophole for corporations allowing them to stash their $$ in foreign banks sans taxation. A good example of why we need a flat tax, 15-17%, with no deductions

As for the hypocrisy and partisan politics, I like the idea of populism from the center replacing ideology with right/wrong.

Otherwise - - -

Posted by: Roy Ellis at March 26, 2011 10:22 PM
Comment #320708

Isn’t it weard how we can ignore the fact that every president that believed in a sound money policy was assinated?

Take a look at the Dead Presidents’ society.

In The Line of Fire

Through the years, a total of four sitting American Presidents have been assassinated. The following is a montage of these four Presidents along with a brief summary of their views regarding sound money � in all cases a clear and present danger to the sustenance of the Federal Reserve, the lynchpin of the Central Banking Axis.

Posted by: Weary Willie at March 27, 2011 12:45 AM
Comment #320709

I can see it now. Peter and Chris Griffin are chuckling and snorting because I said assinated.

Maybe Jeff is too.

Posted by: Weary Willie at March 27, 2011 12:49 AM
Comment #320710

“I like the idea of populism from the center”

Then why do you continue to promote right-wing populism and libertarian causes as examples of populism from the center.

That first article that someone labeled ‘wealthy scions and associates’ is a glowing praise for the work of that European banker and those who promoted and passed the Federal Reserve act rather than a condemnation of it.

The link titled ‘audit the FED’ is an article explaining the many times the FED has been audited rather than a call to audit the FED. It makes fun of Beck for his ridiculous demand to audit the FED.

Once again a progressive website:


This is from that website:

Right-Wing Populism:

Conspiracism is a narrative form of scapegoating that portrays an enemy as part of a vast insidious plot against the common good. Conspiracism assigns tiny cabals of evildoers a super human power to control events, frames social conflict as part of a transcendent struggle between Good and Evil, and makes leaps of logic, such as guilt by association, in analyzing evidence. Conspiracists often employ common fallacies of logic in analyzing factual evidence to assert connections, causality, and intent that are frequently unlikely or nonexistent. As a distinctive narrative form of scapegoating, conspiracism uses demonetization to justify constructing the scapegoats as wholly evil while reconstructing the scapegoater as a hero.

Roy, once again you promote ‘libertarian’ ‘right-wing populism’ disguised as populism from the center.

If you are going to convince people that the libertarian Noah’s arker’s 5 reasons the conspirators did the FED you need to do some more research, put up some new links.

Posted by: jlw at March 27, 2011 12:53 AM
Comment #320721

Exemptions to the Scope of GAO Audits
The Government Accounting Office does not have complete access to all aspects of the Federal Reserve System. The law excludes the following areas from GAO inspections (31 USCA §714):

(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items.

Indiana Representative Joe Donnelly and H.R. 1207

Read the Audit the Fed bill and it’s changes in this post at the Friends Of the Article V Convention website.

Posted by: Weary Willie at March 27, 2011 10:29 AM
Comment #320722

The text in my last post was quoted from the Audit the Fed link in Roy Ellis’ post. I should have blockquoted and linked to it.

Posted by: Weary Willie at March 27, 2011 10:30 AM
Comment #320729

Audits are not what is needed most at the FED, the FTC, the financial sector, the ratings firms, and the Congress.

What is need is a house cleaning. Get rid of the good old boys and replace them with others, then replace them before they form their own good old boys club.

It’s not going to happen. They aren’t the liberals or the conservatives, they are the wealthy and they work the strings. They have the politicians waving their arms and doing a jig while they spout liberal or conservative talking points and scapegoat all of us while we laugh, cry, and applaud.

Posted by: jlw at March 27, 2011 2:41 PM
Comment #320731

‘They’ are the Corpocracy, and the only way to reform/abolish the FED, is through a new 3rd party with a different political attitude, populist/centrist, designed to abolish corporate personhood. (Republic Sentry Party)

Griffin says they would attempt to ruin the country before relinquishing their power. Same could be said of Corporate Personhood, IMO.

No idealog here, jlw. In the center, with the Independents I presume, and looking for right/wrong vs dem/rep.


Posted by: Roy Ellis at March 27, 2011 4:43 PM
Comment #320757

Roy, the reason I say you can’t court the middle by shoving a steady diet of Glen Beck at them is because he is a right-wing demagogue.

Yes, Glen Beck hits the hot button issues, but he does it by giving a microphone to a lot of right-wing fringe outfits. His guest list includes, predominately libertarians plus secessionists, white supremacists and racists.

Outfits like the Second Vermont Republic that has fewer than 200 members, the League of the South, a white supremacist group that wants to reconstitute the Confederacy, Gun Owners of America that flirts with and gives donations to Christian Identity white supremacist and anti-Semitic groups.

And, how about Roy Beck and his white nationalist social contract.

Samuel Francis who is so far right he was fired from the conservative Washington Times.

But, it’s all so subtle isn’t it, spin their tales with hardly a mention of their real intentions; which is to put white man back in his dominant place with the other races submitting to that domination.

What most of these people have in common is that they are racists and they either want to rip the country into little fiefdoms or stage a right-wing coup and take over the country. It is shades of 1920’s Germany.

If these people are the center, the Independents, then this country is in just as much, if not more danger, than it faces with the corpocracy.

Posted by: jlw at March 28, 2011 5:23 AM
Comment #320778

jlw, not a peep from Beck on any level relating to your post. But, night after night, Beck puts up the videos/audios documenting what he is relating to his audience.

‘Putting the white back back in charge’ is so far beyond the pale when it comes to Beck. Can you find any leftie videos/audios where Beck is attending a meeting with some racists group and spouting racial epithets? Is Beck that good, that he can cloak his real political self completely from the cameras/recorders of the world?

jlw, I don’t just take Beck, or any other talking head at face value. I’m only interested in what they say, what statements/positions they take on issues. If Jerimiah Wright, Farracahn, etc comes out with a statement/position that I agree with, on any issue, then I will embelish that statement/position. Doesn’t mean I want to sleep with the guy or take him home with me. Closer to 70 than 12, jlw.

Posted by: Roy Ellis at March 28, 2011 7:06 PM
Comment #320794

Roy, I said subtle did I not? Have you really examined those video/audio documentations for any evidence of a possible underlying theme?

Have you examined his guest list for possible evidence of any underlying theme?

“Is Beck that good, that he can cloak his real political self completely from the cameras/recorders of the world?”

No Roy, he isn’t, not completely. People have seen the underlying theme and documented it. Perhaps your concentration on the main theme of a particular show helps to conceal any underlying theme.

As to his real political self, he says he has none, that he is just an entertainer. But, he consistently calls for a third party and I think that at least there are many that would follow him among his viewing audience, a number of whom are of the same political bent as I mentioned in the previous post.

If you study the political atmosphere of pre-Nazi and early Nazi Germany, you will see another person who was quite competent at cloaking his true political self.

Guilt by association Roy. Quoting radicals and reactionaries, especially on behalf of a third party is the equivalent of political suicide. The two political parties would drag your party through the muddy media circus until you expired.

You already know enough about the issues that are important to you, and the ability to do the research to write on them from a centrist point of view without mentioning such controversial people as Beck or Farrakhan. There are more credible venues that don’t have possible negative underlying issues, whose negative issues are closer to the center than the above ones, or who aren’t as controversial as Beck.

IMO, Beck doesn’t have the slightest chance of going anywhere politically, just to the bank. But, you never know.

The point is not that Beck believes the stuff, it is that he has no problem giving it a podium, even if it is in the background, which causes controversy, which promotes profit.

Posted by: jlw at March 29, 2011 12:07 AM
Comment #320873

jlw, I hear you on guilt by association. The Obama and Reverend Wright assoc during the 2008 presidential race is a good example.

I’m not running for any elected position. I am just trying to get people thinking about restoring the country to health and might a 3rd party with a different political attitude be the way to do that. I am still hopeful someone will come along and agree to be a spokesperson for Republic Sentry. Also, it would be very nice if someone would seek election for office, any office, and choose to advocate for RSP.

I suggest taking Beck out of the picture as to his agenda or personal ambitions. IMO. he has done a lot to stimulate the political process. He is planning another big rally somewhere in the next few months. Getting people to support anything political seems highly difficult to me. The fact that Beck can do it, repeatedly, gives him some kudoe from my perspective.

I saw O’Rilley interview Trump this evening and, to my suprise Trump ‘sounded’ good. He spoke from his heart, took a populist position on several issues and came off well I thought. He may blow up on the 2nd part of the interview, tomorrow eveing.

Posted by: Roy Ellis at March 30, 2011 10:13 PM
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