Skip to content


Alan Grayson: “We Beat The Fed”

Congressman confident that watered down bill for one time audit passed by Senate can be strengthened in committee

Alan Grayson: We Beat The Fed 120510top

Paul Joseph Watson
Prison Planet.com
Wednesday, May 12, 2010

While many are expressing disappointment and even despair that the Senate voted down Ron Paul’s audit the Fed bill while passing a weakened version, Congressman Alan Grayson is confident that the stronger provisions of the original House amendment can be added in Committee, ensuring the Federal Reserve doesn’t get off the hook, as Congressman Paul has warned.

The Senate last night voted 96-0 in favor of a compromise amendment that requires the GAO to conduct a one time audit of the Federal Reserve that will focus on which financial institutions received over $2 trillion dollars in bailout funds during the peak of the economic crisis.

However, the Senate voted down 37-62 Senator David Vitter’s audit the Fed amendment, which mirrored Ron Paul’s version that was passed by Congress. The stronger version would have ensured ongoing congressional audits and would have severely hampered the Fed’s ability to continue its credit swap program which has seen billions of U.S. dollars sent to foreign banks.

Congressman Paul has dismissed the watered down version as a placebo amendment that lets the Fed off the hook, noting with suspicion how it was enthusiastically supported by the Obama administration.

“If they’re all supporting it, I would be very suspicious that the Fed is quite aware of this and they’re satisfied with this and maybe they think they’re getting off the hook,” Paul said in a recent interview.

However, Congressman Alan Grayson, who has been a vehement supporter of Ron Paul’s efforts to properly audit the Fed, believes that the one time audit is an important step towards full transparency.

Grayson is confident that a one time audit would expose the Fed’s arguments for secrecy as a ruse, leading to greater pressure to enact regular audits. He believes that the stronger provisions of the Ron Paul version can be merged into the bill the Senate passed last night.

“The Senate audit provision isn’t as strong as what we passed in the House,” writes Grayson, adding, “The Senate provision has only a one-time audit, whereas what we passed in the House would allow audits going forward. There will be a conference committee that will merge the provisions from the two bills….So we will be fighting on to get a full audit from the conference committee.”

“No longer can Ben Bernanke get away with saying, “I don’t know.” Now, we’re going to know who got what, and why,” writes Grayson, referring to his confrontations with Bernanke in which he demanded to get answers on where the bailout money had gone.

Grayson says the one time audit represents significant progress given the overwhelming opposition to Fed transparency just months ago.

“Let’s not lose sight of what we have accomplished so far – real independent inquiry into the Fed, and its incestuous relationships with Wall Street banks. For the first time ever,” writes Grayson.

“Our calls, emails, lobbying, blogging, and support really mattered. We made it happen. Today, we beat the Fed,” he concludes.

It remains to be seen whether Grayson can help piggy back the stronger provisions onto the watered down amendment, but as it stands, the version passed by the Senate will at least crank the door ajar on Fed secrecy. But some fear that door could once again be slammed shut subsequent to a whitewash and a limited audit.

During a speech on the House floor last night, Congressman Ron Paul reacted to the failure of the stronger version of the bill by imploring full transparency in light of the Fed’s decision to restart loans to foreign banks and governments, which is heaping more future misery on American taxpayers and threatening the long term survival of the U.S. dollar.

Watch the clip below.

Related Posts with Thumbnails

Posted in Finance & Economics, Politics, Television Video & Film.

Tagged with , , , , , .


0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.

Support #altnews & keep Dark Politricks alive

Remember I told you over 5 years ago that they would be trying to shut down sites and YouTube channels that are not promoting the "Official" view. Well it's all happening now big time. Peoples Channels get no money from YouTube any more and Google is being fishy with their AdSense giving money for some clicks but not others. The time is here, it's not "Obama's Internet Cut Off Switch" it's "Trumps Sell Everyones Internet Dirty Laundry Garage Sale". This site must be on some list at GCHQ/NSA as my AdSense revenue which I rely on has gone down by a third. Either people are not helping out by visiting sponsors sanymore or I am being blackballed like many YouTube sites.

It's not just Google/YouTube defunding altenative chanels (mine was shut), but Facebook is also removing content, shutting pages, profiles and groups and removing funds from #altnews that way as well. I was recently kicked off FB and had a page "unpublished" with no reason given. If you don't know already all Facebooks Private Messages and Secret Groups are still analysed and checked for words related to drugs, sex, war etc against their own TOS. Personally I know there are undercover Irish police moving from group to group cloning peoples accounts and getting people booted. Worse than that I know some people in prison now for the content they had on their "secret private group". Use Telegrams secret chat mode to chat on, or if you prefer Wickr. If you really need to, buy a dumb phone with nothing for the NSA/GCHQ to hack into. Ensure it has no GPS tracking on it and that the battery can be removed. These are usually built for old people to get used to technology storing only a set of numbers to call. However they have no games, applications to install or other ways people can exploit the computer tracking device you carry round with you most of the day - your smart phone. If you are paranoid ensure that you can remove the battery when travelling around and do so to prevent GPS tracking or phone mast triangulation. Even with your phone in Flight mode or turned off, it can be turned on remotely and any features like front or back cameras, microphones and keylogging software can be installed to trace you.

So if your not supporting this site already which brings you news from the Left to the Right (really the same war mongering rubbish) then I could REALLY do with some..

Even if it's just £5 or tick the monthly subscription box and throw a few pound my way each month, it will be much appreciated. Read on to find out why.

Why?

Any support to keep this site would be appreciated. You could set up a monthly subscription for £2 like some people do or you could pay a one off donation as a gift.
I am not asking you to pay me for other people's articles, this is a clearing house as well as place to put my own views out into the world. I am asking for help to write more articles like my recent false flag gas attack to get WWIII started in Syria, and Trump away from Putin. Hopefully a few missiles won't mean a WikiLeaks release of that infamous video Trump apparently made in a Russian bedroom with Prostitutes. Also please note that this article was written just an hour after the papers came out, and I always come back and update them.

If you want to read JUST my own articles then use the top menu I have written hundreds of articles for this site and I host numerous amounts of material that has seen me the victim of hacks, DOS plus I have been kicked off multiple hosting companies, free blogging sites, and I have even had threats to cease and desist from the US armed forces. Therefore I have to pay for my own server which is NOT cheap. The more people who read these article on this site the more it costs me so some support would be much appreciated.

I have backups of removed reports shown, then taken down after pressure, that show collusion between nations and the media. I have the full redacted 28/29 pages from the 9.11 commission on the site which seems to have been forgotten about as we help Saudi Arabia bomb Yemeni kids hiding in the rubble with white phosphorus, an illegal weaapon. One that the Israeli's even used when they bombed the UN compound in Gaza during Operation Cast Lead. We complain about Syrian troops (US Controlled ISIS) using chemical weapons to kill "beautiful babies". I suppose all those babies we kill in Iraq, Yemen, Somalia and Syria are just not beautiful enough for Trumps beautiful baby ratio. Plus we kill about 100 times as many as ISIS or the Syrian army have managed by a factor of about 1000 to 1.

I also have a backup of the FOX News series that looked into Israeli connections to 9.11. Obviously FOX removed that as soon as AIPAC, ADL and the rest of the Hasbra brigade protested.

I also have a copy of the the original Liberal Democrats Freedom Bill which was quickly and quietly removed from their site once they enacted and replaced with some watered down rubbish instead once they got into power. No change to police tactics, protesting or our unfair extradition treaty with the USA but we did get a stop to being clamped on private land instead of the mny great ideas in the original.

So ANY support to keep this site running would be much appreciated! I don't have much money after leaving my job and it is a choice between shutting the server or selling the domain or paying a lot of money just so I can show this material.

Material like the FSB Bombings that put Putin in power or the Google no 1 spot when you search for protecting yourself from UK Police with "how to give a no comment interview". If you see any adverts that interest you then please visit them as it helps me without you even needing to give me any money. A few clicks per visit is all it takes to help keep the servers running and tag any tweets with alternative news from the mainstream with the #altnews hashtag I created to keep it alive!

However if you don't want to use the very obvious and cost free ways (to you) to help the site and keep me writing for it then please consider making a small donation. Especially if you have a few quid sitting in your PayPal account doing nothing useful. Why not do a monthly subscription for less money instead. Will you really notice £5 a month?



css.php