Skip to content

Fed Insider Cain Caught In Brazen Debate Lie

Establishment favorite claims he never opposed audit of Fed

Paul Joseph Watson
Wednesday, October 12, 2011

Establishment favorite and former Federal Reserve insider Herman Cain brazenly lied during last night’s Republican debate when he denied that he had opposed an audit of the Fed, a claim that was proven false within hours by Ron Paul’s campaign team.

Pointing out that the majority of Americans want to see a full audit of the Federal Reserve, Congressman Ron Paul asked Cain if he stood by his position that it would be frivolous to audit the Fed on a regular basis, as well as his characterization of those who are calling for such measures as ignorant.

Cain responded by claiming he never dismissed Ron Paul or his supporters as “ignorant” for asking about the Federal Reserve, and that the error was down to Paul believing what he read on the Internet. Technically Cain is correct, because he didn’t call Ron Paul supporters “ignorant,” worse still, in his own book Cain dismissed them as “stupid” and ludicrously suggested that the Paul campaign was deliberately sending out supporters to harass Cain with questions about the Federal Reserve.

Cain brazenly lied in the next breath when he claimed, “I do not object to the Federal Reserve being audited, I simply said if someone wants to initiate that action go right ahead, it doesn’t bother me,” adding that he had been “misrepresented” and didn’t have a problem with the Fed being audited, before robotically repeating his “9,9,9″ tax hike agenda.

Within hours, the Paul campaign responded by pointing out precisely where Cain had expressed his opposition to auditing the Fed, with the aid of the very same Internet that Cain derided as an inaccurate source of information.

Unfortunately for the former Godfather’s Pizza CEO, the world wide web turned out to be very accurate in documenting Cain’s deception.

On December 29, 2010, Cain, former director and chairman at the Kansas City Federal Reserve, said the following.

“Some people say that we ought to audit the Fed. Here’s what I do know. The Federal Reserve already has so many internal audits it’s ridiculous. I don’t know why people think we’re gonna learn this great amount of information by auditing the Federal Reserve. I think a lot of people are calling for this audit of the Federal Reserve because they don’t know enough about it. There’s no hidden secrets going on in the Federal Reserve to my knowledge.”

Not only has Cain been exposed as a liar on prime time television, but the controversy also throws fresh spotlight on his ridiculous claim that the Fed has not acted in secrecy.

As we have since learned, most of the secret $16 trillion in Federal Reserve bailout funds between 2008 and 2010 went to foreign banks in places like Belgium, Japan and Libya.

“The biggest borrowers from the 97-year-old discount window as the program reached its crisis-era peak were foreign banks, accounting for at least 70 percent of the $110.7 billion borrowed during the week in October 2008 when use of the program surged to a record,” reported Bloomberg.

Before the Federal Reserve was legally forced to disclose the details of where the bailout money went, Chairman Ben Bernanke attempted to hide its destination by refusing to tell elected Congressmen like Alan Grayson and Ron Paul which financial institutions received bailout funds.

No “hidden secrets,” then Herman?

Cain’s total disregard for the truth and his transparent efforts to cover-up his sympathies for the Federal Reserve, the very source of America’s economic decline, by lying to the American people on national television, should torpedo any notion that Cain should even be considered as a Republican presidential candidate.

Just like Rick Perry before him, expect Cain’s campaign, backed by his “9,9,9″ gimmick, which would increase taxes for middle class Americans, to crash and burn as more spotlight is thrown on his Federal Reserve connections.


Paul Joseph Watson is the editor and writer for Prison He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.

Related Posts with Thumbnails

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

Tagged with , , , .

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 happening 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".

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 IU know there are undercover Irish police moving from group to group cloning peoples accounts and getting people booted. Worse than that I know people in court at the moment for the content they had on their secret private group. Use Telegrams secret chat mode to chat on, or if you prefer if you need to or buy a dumb phone with nothing for the NSA to hack into if you are that paranoid.

So if your not supporting this site already which brings you news from the Left to the Right (really the same war mongering bollox) then I could do with some. Even if it's just £5 or tick the monthly subscription box it will be much appreciated. Read on to find out 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 #altnews 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?

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.