Originally posted by uzlessI have watched it. That's why I made my comments about it earlier. Again, I think Ben Bernanke is to be admired for not laughing in Ron Paul's face. Especially, when he used the present financial crisis to ask why the free market isn't being allowed to run unfettered. "Why isn't the free market being allowed to price these toxic assets" I believe was part of it.
Ron Paul is not my hero. Never said he was. He's just the most public person leading the way. His youtube posts are easy to post in RHP. Ron Paul has many flaws. I disagree on many of his Libertarian viewpoints. But just because I think he is wrong on other issues, it doesn't mean I automatically discount his views on FED accountability.
I can't wat ...[text shortened]... a list of what he said (even though you already watched it.....??) I'll have to do it later.
Well, I don't know Mr. Paul. Do you think it might be because the the free market did such a terrible job pricing them in the first place???
Anyway, Ron Paul's kick on the Fed (not unlike his others on the IRS, the Department of Education, the Dept of Homeland Security, etc) is a waste of time and money. Does full disclosure mean reporting every useless statistic under the sun no matter the cost? How about M1+post-1987 dollar notes+nickels from 1920. Yeah, that would really be a big help. May American Express Traveler's Cheques + Dollar Tree payday loans - university meal programs. Hey, anything for Ron Paul.
I think Paul has a decent mind. It's just too bad he sold out to a dead school like the Austrians.
Originally posted by telerionDoes he? He's been obsessed with conspiracies for a long time.
I think Paul has a decent mind.
From the Trilateral Commission, to the racial wars after the LA riots or evidence of saliva-transmitted AIDS being covered up by the government, the man has done it all.
Originally posted by PalynkaUzless: PARTIAL AUDITS are being done. Ron Paul and the like, are asking for additional info
uzless: You have to demonstrate the trust first, but the Fed has always refused to be audited.
Edit - And if you allow me to quote myself:
If you want to attack the exemptions, which is a valid argument unlike your "why aren't audits allowed", then claim why.
Uzless: and an increasing number of people believe that an institution that controls the money supply should have real oversight by the government, not PARTIAL oversight.
Do I really need to say FULL Audit EVERY TIME?
Palynka" OH look, he didnt' say FULL audit this time. he must mean NO audit!!"
Come on. You know (or should know) i've been talking about full audits all along. Full acountability means full audits dude.
Originally posted by PalynkaMaybe "active" would have been a better descriptor.
Does he? He's been obsessed with conspiracies for a long time.
From the Trilateral Commission, to the racial wars after the LA riots or evidence of saliva-transmitted AIDS being covered up by the government, the man has done it all.
Apparently the Fed still gives out data sufficient to calculate M3:
Is M3 1 really gone?
After reading this little known press release a few weeks ago, I started to wonder… and the surprising result is that (except for the Eurodollars element of M3), the data is still available with which to reconstruct M3.
The formula used has over five nines (.9999946 – 1.0 being perfect) correlation to the original data back going back to 1980, and is taken directly from the Federal Reserve’s definition of M3.
There is only one missing element that is apparently no longer available (Eurodollars) and I've applied an adjustment to generate it. It's only about 3% of total M3 so should not have a material effect on the total
The data sources are M2, Institutional Money Market and two weekly reports from the Fed – H.8 and H.4.1.
http://www.nowandfutures.com/articles/20060426M3b,_repos_&_Fed_watching.html
Originally posted by uzlessSame quote cut short so uzi can understand:
Uzless: PARTIAL AUDITS are being done. Ron Paul and the like, are asking for additional info
Uzless: and an increasing number of people believe that an institution that controls the money supply should have real oversight by the government, not PARTIAL oversight.
Do I really need to say FULL Audit EVERY TIME?
Palynka" OH look, he didnt' ...[text shortened]... ) i've been talking about full audits all along. Full acountability means full audits dude.
If you want to attack the exemptions (...) then claim why.
Go, uzi, go!