Ron Paul Issues Dire Warning: U.S. ‘On the Verge of 1989’s Soviet System Collapse’

“Anybody who thinks we’re not doing too badly has not been flying on an airplane lately. That’s about as authoritarian-fascism as you can get,” Ron Paul said.

Since 9/11, The US Govt Has ‘Lost’ $58,000 —EVERY SINGLE SECOND

The U.S. government went from missing $2.3 trillion on the day before 9/11, to missing more than $30 trillion today—costing Americans $58,386 every second.

Conspiracy Theory Confirmed: Federal Reserve Exposed Working as Arm of US Intelligence

While some may have called it a conspiracy theory at one point, a new report is shedding light on how United States Intelligence services and their cozy relationship to the nation’s central banking structure and how they collaborate to spy on foreign banks.

Confidential accounts within the Federal Reserve have been used by the U.S. Treasury and other departments “several times a year to analyze the asset holdings of the central banks of Russia, China, Iraq, Turkey, Yemen, Libya and others,” according to a report from Reuters that cites more than a dozen current and former senior U.S. officials.

“The U.S. central bank keeps a tight lid on information contained in these accounts. But according to the officials interviewed by Reuters, U.S. authorities regularly use a ‘need to know’ confidentiality exception in the Fed’s service contracts with foreign central banks.”

The report claimed that the exception was used by U.S. federal officials “to glean information about the movement of funds in and out of the accounts.” That information was then used to help the U.S. “monitor economic sanctions, fight terror financing and money laundering, or get a fuller picture of market hot spots around the world.”

The Federal Reserve was established in 1913, and the current headquarters in New York houses around $3.3 trillion in assets from around 250 foreign central banks—which adds up to about half of the world’s dollar reserves.

“In all, the people interviewed by Reuters identified seven instances in the last 15 years in which the accounts gave U.S. authorities insights into the actions of foreign counterparts or market movements, at times leading to a specific U.S. response.”

The report cited a case from March 2014, in which U.S. intelligence used the Federal Reserve loophole to monitor Russia after its invasion of Crimea. As a result, when the Obama administration responded by placing economic sanctions on Russia, and the foreign holdings at the New York Fed dropped by $115 billion, the U.S. automatically knew that Russia’s central bank had pulled its funds.

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The Federal Reserve acknowledged the practice of disclosing account intelligence, but attempted to downplay it, by claiming it was only used on “rare occasions.”

“While our account agreement does provide for the sharing of information with the U.S. government in limited circumstances, we require a clearly demonstrated need for the information and a commitment that the information will be treated confidentially,” a New York Fed spokeswoman told Reuters. “This exception has been used on rare occasions and on a limited basis for such issues as compliance with sanctions requirements and anti-money laundering principles.”

Reuters noted that the requests from information through the Federal Reserve “became more frequent after the passage of the 2001 U.S. Patriot Act, mostly from the Office of Foreign Assets Control, a Treasury division enforcing sanctions and targeting terrorist financing, money laundering, and weapons and drugs trafficking.”

The Free Thought Project has reported on multiple instances of the failure of the Federal Reserve. In June 2016, former Federal Reserve Chairman Alan Greenspan even warned that the world is in “the worst period” he has ever seen.

“If we went back on the gold standard and we adhered to the actual structure of the gold standard as it exited prior to 1913, we’d be fine,” Greenspan said. “Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we’ve had in the United States, and that was a golden period of the gold standard. I’m known as a gold bug and everyone laughs at me, but why do central banks own gold now?”

Even Donald Trump called for an audit of the Federal Reserve. However, like most of his promises, this one will most likely be broken too — just as Ron Paul predicted last year.

It is so important to audit The Federal Reserve, and yet Ted Cruz missed the vote on the bill that would allow this to be done.

— Donald J. Trump (@realDonaldTrump) February 22, 2016

There have also been multiple versions of legislation seeking to “Audit The Fed,” in order to gain insight into how the world’s most powerful financial institution conducts its business. The latest version was sponsored by Kentucky Sen. Rand Paul, and was approved by the Republican-controlled Committee on Oversight and Government Reform in March.

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While the report does serve as a reminder of the capabilities of U.S. intelligence, it shouldn’t come as a surprise. Countries such as Iraq, Libya and Syria have all felt the wrath of the United States after their respective leaders chose to drop the U.S. dollar—and each invasion should serve as a reminder of the power of coercion between the government and the media to push an agenda that furthers the U.S. central banking system.

Why the Fed Hasn’t Been Audited Even Though Most Americans Want it to Happen

(RPI) Audit the Fed recently took a step closer to becoming law, when it was favorably reported by the House Committee on Oversight and Government Reform. This means the House could vote on the bill at any time. The bill passed by voice vote without any objections, although Fed defenders did launch hysterical attacks on the bill during the debate as well as at a hearing on the bill the previous week.

One representative claimed that auditing the Fed would result in rising interest rates, a stock market crash, a decline in the dollar’s value, and a complete loss of confidence in the US economy. Those who understand economics know that all of this is actually what awaits America unless we change our monetary policy. Passing the audit bill is the vital first step in that process, since an audit can provide Congress a road map to changing the fiat currency system.

Another charge leveled by the Fed’s defenders is that subjecting the Fed to an audit would make the Fed subject to political pressure. There are two problems with this argument. First, nothing in the audit bill gives Congress or the president any new authority to interfere in the Federal Reserve’s operations. Second, and most importantly, the Federal Reserve has a long history of giving in to presidential pressure for an “accommodative” monetary policy.

The most notorious example of Fed chairmen tailoring monetary policy to fit the demands of a president is Nixon-era Federal Reserve Chair Arthur Burns. Burns and Nixon may be an extreme example — after all no other president was caught on tape joking with the Fed chair about Fed independence, but every president has tried to influence the Fed with varying degrees of success. For instance, Lyndon Johnson summoned the Fed chair to the White House to berate him for not tailoring monetary policy to support Johnson’s guns and butter policies.

Federal Reserve chairmen have also used their power to shape presidential economic policy. According to Maestro, Bob Woodward’s biography of Alan Greenspan, Bill Clinton once told Al Gore that Greenspan was a “man we can deal with,” while Treasury Secretary Lloyd Bentsen claimed the Clinton administration and Greenspan’s Fed had a “gentleman’s agreement” regarding the Fed’s support for the administration’s economic policies.

The Federal Reserve has also worked to influence the legislative branch. In the 1970s, the Fed organized a campaign by major banks and financial institutions to defeat a prior audit bill. The banks and other institutions who worked to keep the Fed’s operations a secret are not only under the Fed’s regulatory jurisdiction, but are some of the major beneficiaries of the current monetary system.

There can be no doubt that, as the audit bill advances through the legislative process, the Fed and its allies will ramp up both public and behind-the-scenes efforts to kill the bill. Can anyone dismiss the possibility that Janet Yellen will attempt to “persuade” Donald Trump to drop his support for Audit the Fed in exchange for an “accommodative” monetary policy that supports the administration’s proposed spending on overseas militarism and domestic infrastructure?

While auditing the Fed is supported by the vast majority of Americans, it is opposed by powerful members of the financial elite and the deep state. Therefore, those of us seeking to change our national monetary policy must redouble our efforts to force Congress to put America on a path to liberty, peace, and prosperity by auditing, then ending, the Fed.

By Ron Paul / Republished with permission / RPI / Report a typo

New York Times runs cover for the Federal Reserve after Trump considers targeting central bankers

(INTELLIHUB) — In a possible sign of things to come, the New York Times recently published a piece in which the establishment cites its worry that the private Federal Reserve could soon be targeted by the populist wave that elected Donald Trump.

The piece comes amid reports the the fed is set to implement policy that is in stark contrast with the goals of the new president, pitting the central bankers against a president who has shown he isn’t afraid to get rid of those working against his agenda.

Times reporter Eduardo Porter makes clear from the start that the globalist elite are directly worried that the “independence” of the Federal Reserve could be under threat while implying that this is yet another horrible thing happening under the new president.

Is the Fed at risk for real this time?

Throughout American history, few institutions have inspired such persistent mistrust among voters and their elected officials as the mysterious authority that determines the value of their money.

The Federal Reserve wasn’t even around yet when the fiery Nebraska populist William Jennings Bryan rose to the Democratic presidential nomination in 1896 by charging that the gold standard that ruled monetary policy at the time was crucifying the workingman “upon a cross of gold” to serve bankers’ interests — depressing farm prices and crushing indebted farmers by limiting money in circulation.

Since its inception in 1913, the Federal Reserve has been alternately accused of either making money too scarce and expensive or making it too plentiful and cheap.

Consider for a moment how big this truly is. The New York Times, known for its long history of protecting and supporting the globalist elite, is now publishing news reports that fret over the possibility that the Federal Reserve could soon be targeted.

Porter continued:

The pressing question for this era of populist policy making and popular anger is whether the Federal Reserve as we know it — arcane and academic, with the autonomy to set monetary policy as it sees fit — will survive the tension this time.

Given the ferocious discontent with the “establishment” stoked by Mr. Trump among his angry electoral base, the threat against the Fed this time seems of a higher order. As Adam S. Posen, an American economist who has served on the Bank of England’s rate-setting Monetary Policy Committee, told me, “The sense that the Fed’s independence could be taken away by a simple act of Congress is very real.”

How terrible. Private banksters may soon be stopped from setting monetary policy as “they see fit”.

Porters goes on to note that the pressure on the fed is already on with efforts to audit the fed gaining new life while being cheered on by Americans from both sides of the aisle.

The pressure is already on. Mr. Posen, who now heads the Peterson Institute for International Economics, points out that the Fed already lost powers it deployed to counter the recession spawned by the financial crisis a decade ago: The Dodd-Frank financial reform legislation stripped it of its authority to lend freely to nonbanks, which it used to keep money market funds, insurance companies and others that had bet on the wrong side of the housing bubble from imploding and taking the economy with them.

Efforts that stalled in the last Congress — to subject the Fed’s funding to congressional approval, to reduce its discretion in setting monetary policy and to subject it to the oversight of Congress’s Government Accountability Office — have acquired a new lease on life, cheered from the right and the left.

It was only a matter of time before the central bankers began to battle with Trump and now it seems that the establishment media is extremely worried that this is soon to happen.

Consider this. Despite claims from some that Trump is working with the globalists, the fact remains that not only did he destroy the TPP but now seems to be set on a collision course with the powerful private Federal Reserve. How could this possibly be a bad thing?

Alex Thomas is an opinion journalist and editor for Intellihub News. He was a founding member of what later became Intellihub.com and an integral part of the team that destroyed the mainstream media blockade on Bilderberg in 2012. You can contact him here.

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Arizona Challenges the Fed’s Money Monopoly

(RPI) History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver.

Of course, modern politicians and their Keynesian enablers despise the gold or silver standard. This is because linking a currency to a precious metal limits the ability of central banks to finance the growth of the welfare-warfare state via the inflation tax. This forces politicians to finance big government much more with direct means of taxation.

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Despite the hostility toward gold from modern politicians, gold played a role in US monetary policy for sixty years after the creation of the Federal Reserve. Then, in 1971, as concerns over the US government’s increasing deficits led many foreign governments to convert their holdings of US dollars to gold, President Nixon closed the gold window, creating America’s first purely fiat currency.

America’s 46-year experiment in fiat currency has gone exactly as followers of the Austrian school predicted: a continuing decline in the dollar’s purchasing power accompanied by a decline in the standard of living of middle- and working-class Americans, a series of Federal Reserve-created booms followed by increasingly severe busts, and an explosive growth in government spending. Federal Reserve policies are also behind much of the increase in income inequality.

Since the 2008 Fed-created economic meltdown, more Americans have become aware of the Federal Reserve’s responsibility for America’s economic problems. This growing anti-Fed sentiment is one of the key factors behind the liberty movement’s growth and represents the most serious challenge to the Fed’s legitimacy in its history. This movement has made “Audit the Fed” into a major national issue that is now closer than ever to being signed into law.

Audit the Fed is not the only focus of the growing anti-Fed movement. For example, this Wednesday the Arizona Senate Finance and Rules Committees will consider legislation (HB 2014) officially defining gold, silver, and other precious metals as legal tender. The bill also exempts transactions in precious metals from state capital gains taxes, thus ensuring that people are not punished by the taxman for rejecting Federal Reserve notes in favor of gold or silver. Since inflation increases the value of precious metals, these taxes give the government one more way to profit from the Federal Reserve’s currency debasement.

HB 2014 is a very important and timely piece of legislation. The Federal Reserve’s failure to reignite the economy with record-low interest rates since the last crash is a sign that we may soon see the dollar’s collapse. It is therefore imperative that the law protect people’s right to use alternatives to what may soon be virtually worthless Federal Reserve notes.

Passage of HB 2014 would also send a message to Congress and the Trump administration that the anti-Fed movement is growing in influence. Thus, passage of this bill will not just strengthen movements in other states to pass similar legislation; it will also help build support for the Audit the Fed bill and legislation repealing federal legal tender laws.

This Wednesday I will be in Arizona to help rally support for HB 2014, speaking on behalf of the bill before the Arizona Senate Finance Committee at 9:00 a.m. I will also be speaking at a rally at noon at the Arizona state capitol. I hope every supporter of sound money in the Phoenix area joins me to show their support for ending the Fed’s money monopoly.

By Ron Paul / Republished with permission / Ron Paul Institute / Report a typo

Myth-Busters: Those Who Depend on The Fed

There are many different interests that depend on the existence of the Federal Reserve and its ability to create money out of thin air. Today we discuss those groups and the reasons why they have no interest in getting rid of the Fed.

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