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Restoring Once-Vibrant Economy Hinges On Repeal Of ObamaCare

August 30, 2010 Leave a comment

One has to congratulate President Obama and his advisers on their success. Rahm Emanuel‘s quip about “never let a crisis go to waste” in late 2008 was a prelude to the administration’s attack on U.S. economic growth.

In perspective, Obama mounted an attack on the pillars of U.S. economy — growth, wealth creation and personal responsibility — that amounted to a shock-and-awe economic attack.

It took Obama less than 18 months to transform a historically vibrant U.S. economy to one that has been paralyzed by his shock-and-awe economic policies. The U.S. economy has little or no private-sector job growth, nearly 10% unemployment, a high rate of underemployment, no wealth creation and a heavy dose of government control.

This administration has been relentless in its push to transform an economy that was based on growth, wealth creation and personal responsibility to one characterized by wealth-sharing, government control and slow growth. Obama succeeded in what he wanted for the U.S. economy.Obama signed the crown jewel of his U.S. economic transformation — the Patient Protection and Affordable Care Act — on March 23 of this year. ObamaCare amounts to, over time, a takeover of the health care industry — 17% of the economy.

It is a wealth-sharing policy that increases costs and taxes on the private sector.ObamaCare is phased in over the next four years, but taxpayers and businesspeople responded immediately to the higher costs and taxes as if ObamaCare were already fully implemented.

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Ron Paul: ‘There Might Not Be Any Gold In Fort Knox’

August 30, 2010 1 comment

Rep. Ron Paul R-Texas said he plans to introduce legislation next year to force an audit of U.S. holdings of gold.Paul, a longtime critic of the Federal Reserve and U.S. monetary policy, said he believes it’s “a possibility” that there might not actually be any gold in the vaults of Fort Knox or the New York Federal Reserve bank.

The libertarian lawmaker told Kitco News, a website tracking news about precious metals, that an audit was necessary to determine how much the U.S. maintains in gold reserves in case the government were to use gold to back the dollar.

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Obama: The people at Beck’s rally are filled with anxiety

August 30, 2010 Leave a comment

“I — I do think that it’s important for us to recognize that right now, the country’s going through a very difficult time, as a consequence of years of neglect in a whole range of areas. Our schools not working the way they need to, so we’ve slipped in terms of the number of college graduates, you know?A financial system that was not, you know, operating in a way that maintained integrity and assured that the people who were investing or who were buying a home or were using a credit card weren’t getting in some way cheated.

We had a health care system that was broken and that was bankrupting families and businesses. All those issues are big, tough, difficult issues. And those are just our domestic issues. That’s before we get to policy issues in two wars. And a continuing battle against terrorists who want to do us harm.

So, given all those anxieties — and given the fact that, you know, in none of these situations are you going to be fix things overnight. It’s not surprising that somebody like a Mr. Beck is able to stir up a certain portion of the country. That’s been true throughout our history.

What I’m focused on is making sure that the decisions we’re making now are going to be be not good for the nightly news. Not good even necessarily for the next election. But are good for the next generation. And I’m very confident that those decisions are the ones that we’ve made.”

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Iran Nuclear Reactor is now functional | The Post & Email

August 30, 2010 Leave a comment

Iran Nuclear Reactor is now functionalPrint This PostBUT ARE THEIR INTENTIONS PEACEFUL?

by Sharon Rondeau

Formerly known as Persia, Iran was ruled by a monarch until the Revolution in 1979Aug. 30, 2010 — On August 21, 2010, the nuclear power plant located in the Bushehr province of Iran began to receive fuel rods in preparation for its production of electricity later this year despite “Western pressure to rein in its nuclear ambitions.”

A previous report from the DEBKAfile about which The Post & Email had written had predicted a September or earlier startup for the facility. According to another report, the loading of fuel into the reactor “would henceforth make the Bushehr facility qualified as an operational nuclear power plant.”

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“Ragged Old Flag” by Johnny Cash…

August 30, 2010 Leave a comment

“Ragged Old Flag” by Johnny Cash (sort of a Vanity)
www.youtube.com ^ | Unknown | Unknown

(click above to play)(click title to reload responses, etc)

Posted on Monday, August 30, 2010 7:25:28 PM by CitizenM

You can stand and salute or bow your heads while listening. I offer this after Beck’s rally, “Restoring Honor” where the love of God and patriotism and support of our military was reaffirmed in the hearts of hundreds of thousands of Americans. I thought this was an appropriate reminder.

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Economy Nucleus of Tribulation

August 30, 2010 Leave a comment

With so many signals in view that point to the brewing Tribulation tempest, we should expect – if we are reading the end-times signals correctly – that this heart of the Beast should be well along in its construction. We have covered all of the indicators found within current issues and events that we believe are signals like those given by Jesus and the prophets. National and world economies have been dealt with in our efforts to make prophetic sense of the dynamic rearrangements taking place in recent years, months, weeks, and days.America’s staggering weight of debt and swift economic decline is front and center in pointing to the fact, we believe, that this is the generation that stands at the end of one dispensation – the Church Age – and upon the precipice of the next – the Tribulation. Each hour seems to bring additional confirmation that the Tribulation storm is about to break upon an uncomprehending world. Such confirmation is present in abundance in the realm of geopolitics and global economics.Since Bible prophecy clearly foretells that the Antichrist government, thus the economic engine that will power that absolute dictatorship, will emerge from Europe, we need keep our prophetic antennae pointed in that direction – i.e., we must be especially alert to news involving movement within Europe to cause significant changes to global economic structure.The following excerpt from the Wall Street Journal registers an interesting blip on my own end-times radar screen.PARIS — French President Nicolas Sarkozy called on the world’s twenty largest economies to work together to reform global monetary order.”We must define a new framework for discussing currency movements,” Mr. Sarkozy said, adding that it is “nonsense” to talk about exchange rates without including China, which has accumulated huge foreign exchange reserves.He said stabilizing erratic foreign exchange and commodities markets will feature high on France‘s agenda when it heads the Group of 20 [in] November.

He added there is a need to reduce the U.S. dollar’s dominance as the reserve currency of choice.” Nathalie Boschat and David Pearson, “Sarkozy Outlines G-20 Priorities,” Wall Street Journal, 8/26/10Prophecy scholars and others have long pondered why the U.S. , the most powerful nation in history, isn’t mentioned by name – or even by significant reference — in God’s Word. We continue to flounder in attempts at finding an exact answer for that question.

However, with the recent astonishing changes nationally and abroad, the answer seems to be in the process of forming.

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Sowell: Oust Dems to Halt Obama Before ‘Point of No Return’

August 30, 2010 Leave a comment

Influential economist Thomas Sowell tells Newsmax that voters must oust Democrats from their majorities in Congress to stop the Obama administration from continuing to take the country toward the “point of no return.”

Professor Sowell, a senior fellow at Stanford University’s Hoover Institution, also says it is “madness” to allow the Bush tax cuts to expire at the end of the, year as Obama and the Democrats appear intent on doing.Sowell is also a syndicated columnist and prolific author whose latest book is “Dismantling America: and Other Controversial Essays.”

In an exclusive interview with Newsmax.TV, Sowell says he is pessimistic about the future.Story continues below video.VIDEO 9:47 min.“Part of it is due to the continuation of a long set of trends. But much of it is also due to the fact that the current administration is really escalating these trends that are going in the wrong direction.

“One of those trends is the notion that there’s some elite out there who ought to be taking decisions out of our hands and concentrating them in the hands of politicians, bureaucrats, and judges. That’s the big domestic problem.

“The huge international problem is our doing nothing while Iran is developing nuclear weapons, given that Iran is the largest sponsor of international terrorism in the world.”Another trend “is the notion that people have rights for which there is no basis in any law, in any constitution, or in any organized philosophical or religious tradition.

“I saw a photograph recently of someone sitting on a corner with a sign saying, ‘I have a right to a job.’ I have no idea where that right comes from, and it can only be sustained if other people don’t have a right…

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Black Regiment Directory Now Online (via ~ The GUNNY “G” BLOG & E-MAIL ~)

August 30, 2010 Leave a comment

reblog

Black Regiment Directory Now Online Black Regiment Directory Now Online By Pastor Chuck Baldwin September 18, 2007 NewsWithViews.com http://www.newswithviews.com/baldwin/baldwin399.htm I am pleased to announce that our initial “Black Regiment” directory is now online. We received more than 800 responses to my initial appeal back in July [Read]. Obviously, we had to sift through all these recommendations and also contact each one individually in order to obtain their consent to be l …

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via ~ The GUNNY “G” BLOG & E-MAIL ~

Exposed: Obama’s Big Fat Lie! _ THE OBAMA REGIME STOKES THE FIRES OF 1776 | The Post & Email

August 30, 2010 Leave a comment

THE OBAMA REGIME STOKES THE FIRES OF 1776

by Miki Booth

The “sleeping giant” is still in a coma despite reports that the TEA party movement has become a force to be reckoned with. Obama and his communist czars are perplexed as well with this phenomenon of a rag-tag collection of modern- day revolutionaries instilled with the spirit of our countryʼs founders ready to bear arms to protect life, property and our very liberties.The “sleeping giant” is being deliberately prodded on a daily basis with outrageous actions by Obama and his “puppet masters” to get the giant to snap and create chaos and crisis to implement police and military action. No doubt Obama “got out of Dodge” to the safety of Marthaʼs Vineyard to watch a potential playing out of the plan they so persistently lay out with provocations.

All the elements were there: mass numbers of white racists on one side and black militant marchers led by a race-baiting preacher on the other. If that wasnʼt enough to start a crisis they could pounce upon, they stirred the pot by adding illegal alien pardons, back-door amnesty and reporting charges of human rights violations to the United Nations. And maybe for good measure allowing the Mexican government to put its soldiers on American soil to protect their illegal citizens from hate crimes in a New York borough.

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Center For Individual Freedom ~ Barack Obama just invited the United Nations to join his ongoing fight against Arizona and dozens of other states attempting to enforce the immigration laws that he refuses to enforce…

August 30, 2010 1 comment

Barack Obama just invited the United Nations to join his ongoing fight against Arizona and dozens of other states attempting to enforce the immigration laws that he refuses to enforce.

Unfortunately, you read that right. On August 20, the United States, for the first time ever, submitted a 29-page �Universal Periodic Review” UPR to the UN Human Rights Council, which outlines a laundry list of human rights abuses allegedly committed by the United States.

Contained within that laundry list of so-called abuses is a direct condemnation of S.B. 1070, legislation enacted by the state of Arizona and supported by an overwhelming majority of the American people, which seeks to do the job that the federal government has refused to do… secure the border.

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Afghanistan Getting Worse | The Post & Email

August 30, 2010 Leave a comment

Again, we must stop thinking like westerners, and understand the way our enemy thinks. A lily pad is much more preferable because it gives them no moral high ground to propagandize, but at the same time instills sheer terror in their hearts as they guess at what is coming next.

Force of will and resolve is required by our leaders that our enemies indeed respect and understand. Only when we understand that one objective of Global Jihad is imposition – by force or by stealth – of Shari’a Islamic law and the other is the re-establishment of the Caliphate/Imamate, can we even begin to formulate the enemy threat doctrine and strategic concept to DEFEAT THE ENEMY and WIN the GWOJ Global War on Jihad.

General Patton, long ago, would have repositioned the Forces for the offensive and battle to win and bring the troops home.

Paul E. Vallely US Army Ret is the Chairman of Stand Up America and Co-Chairman of Veteran Defenders of AmericaChairman – Stand Up America

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Glenn Beck regrets calling Obama a ‘racist’

August 30, 2010 2 comments

Fox News host Glenn Beck said Sunday that he misspoke last year when he characterized President Obama as a racist.”I have a big fat mouth sometimes and I say things,” Beck said during an interview with Fox News Sunday host Chris Wallace.Excerpt Read more at news.yahoo.com

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Glenn Beck is the White Malcolm X

August 30, 2010 Leave a comment

Glenn Beck‘s weekend speech was reminiscent of the radical 1960s black separatist leader: Both terrify mainstream liberals and shed politics for a message of spiritual uplift.As hundreds of thousands gathered in Washington, D.C. for Glenn Beck’s “Restoring Honor” rally, one couldn’t help but notice a powerful nostalgia for an America that is slipping away.

In her remarks to the crowd, Sarah Palin, the former Alaska governor and conservative folk hero, said, “we must not fundamentally transform America, as some would want,” a not-so-veiled reference to President Obama and his allies. Instead, “we must restore America and restore her honor,” a message that resonated with a crowd that by all accounts was overwhelmingly white and Christian, with large numbers hailing from rural areas and small towns. Palin, like Beck, was talking about a spiritual restoration, a return to time-tested virtues that had been celebrated by the more homogeneous America of the past, in which non-traditional families were stigmatized and relatively rare, church attendance was far more common, and the dominance of Anglo-Protestant culture was unquestioned…

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The Death Of Cash? All Over The World Governments Are Banning Large Cash Transactions

August 30, 2010 Leave a comment

Economic Collapse BlogMonday, August 30, 2010Are we witnessing the slow but certain death of cash in this generation? Is a truly cashless society on the horizon? Legislation currently pending in the Mexican legislature would ban a vast array of large cash transactions, but the truth is that Mexico is far from alone in trying to restrict cash.

All over the world, governments are either placing stringent reporting requirements on large cash transactions or they are banning them altogether. We are being told that such measures are needed to battle illegal drug traffic, to catch tax evaders and to fight the war on terror. But are we rapidly getting to the point where we will have no financial privacy left whatsoever? Should we just accept that we have entered a time when the government will watch, track and trace all financial transactions? Is it inevitable that at some point in the near future ALL transactions will go through the banking system in one form or another check, credit card, debit card, etc.?The truth is that we now live at a time when people who use large amounts of cash are looked upon with suspicion. In fact, authorities in many countries are taught that anyone involved in a large expenditure of cash is trying to hide something and is probably a criminal.And yes, a lot of criminals do use cash, but millions upon millions of normal, law-abiding citizens simply prefer to use cash as well.

Should we take the freedom to use cash away from the rest of us just because a small minority abuses it?

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Warlord for Congress

August 30, 2010 Leave a comment

Ilario Pantano is a Warlord. That was the name of his U.S. Marines unit when he served during the Iraqi War. It was his second tour of duty after serving previously in the Gulf War. He had returned to civilian life during the 1990s and was working on Wall Street when the attacks of September 11th rocked his office in lower Manhattan.

The first thing he did after the attacks was to go to his barber to get a military-style haircut. He knew right away that he was going back to war.Some of you may remember Ilario Pantano from his appearance on The Daily Show with John Stewart. He was promoting his book Warlord: No Better Friend, No Worse Enemy. I will never forget the interview because I have never seen John Stewart behave in such a respectful and professional manner while interviewing someone so diametrically opposed to him politically.And there was plenty of potential for fireworks in the interview. Pantano had been accused of murder after killing two insurgents during intense fighting near Bagdad. But Ilario Pantano was cleared of all charges in an Article 32 Hearing, which is the military equivalent of a preliminary hearing. No trial was ever convened.Ilario Pantano also acquitted himself well in the court of public opinion. Even when dealing with tough adversaries like John Stewart he overwhelmed them with a sharp mind and an articulate tongue.

When I saw his interview with Stewart I knew Ilario Pantano was congressional material.And now the Warlord is running for Congress against Mike McIntyre – a Democrat who voted against the surge in Iraq.It is fitting that Ilario Pantano gunned down two Iraqi insurgents on April 15th – the day we are all reminded by the IRS that our freedoms in America are in grave jeopardy. The Warlord favors either the Fair Tax or a flat tax over the present income tax system. He promises a very different kind of change than what we have seen under the current administration.

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Government Think Tank Calls For Infiltrating Conspiracy Websites

August 30, 2010 Leave a comment

Common Purpose marxist front group Demos says state needs to “fight back” against people who question the authorities to “increase trust in government”Government Think Tank Calls For Infiltrating Conspiracy Websites

300810topPaul Joseph WatsonPrison Planet.comMonday, August 30, 2010

Furious that state involvement in major terror attacks is being exposed to a wider audience than ever before via the Internet, a UK think tank closely affiliated with the Downing Street has called for authorities to infiltrate conspiracy websites in an effort to “increase trust in the government”.“A Demos report published today, The Power of Unreason, argues that secrecy surrounding the investigation of events such as the 9/11 New York attacks and the 7/7 bombings in London merely adds weight to unsubstantiated claims that they were “inside jobs,” reports the London Independent.

In other words, the fact that the overwhelming amount of evidence indicates that both 7/7 and 9/11 were “inside jobs” of one form or another, and that huge numbers of people are now aware of this via the increasing influence of the Internet, is hampering efforts to commit more acts of terror, therefore the government needs to change its strategy.In the report, Demos, “Recommends the Government fight back by infiltrating internet sites to dispute these theories.” One of the tools Demos already employs to “fight back” against conspiracy theories is by labeling anyone who challenges the government’s official story as an extremist or a terrorist recruiter.

The strategy mirrors that advocated by White House information czar Cass Sunstein, who in a 2008 white paper similarly called for conspiracy websites to be infiltrated and undermined in order to dilute their influence. In the same report, Sunstein also called for taxing conspiracy theories any viewpoint that differs with the official version and outright banning free speech that the authorities disapproved of.

What Demos and Sunstein are essentially calling for is classic “provocateur” style infiltration, updated for the 21st century, that came to the fore during the Cointelpro years, an FBI program from 1956-1971 that was focused around disrupting, marginalizing and neutralizing political dissidents, often using illegal methods.

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America On The Brink Of Nuclear Destruction?

August 30, 2010 Leave a comment

“ … intelligence reports from various sources say al Qaeda has already smuggled from 7 to 70 nuclear weapons into the country across the Mexican border.

American intelligence experts believe the number to be closer to 7 than 70 but admit the threat is very real.” SOURCE“ … Intelligence information from captured al Qaeda documents, computers, and operatives indicates that al Qaeda has targeted 9 American Cities for nuclear attack.” SOURCE

While the Obama Regime fiddles modern day Rome is about to burn.Iran is quickly, quickly, reaching the point at which they can produce an atomic bomb. Never mind the experts predictions that they are a year away. They have been wrong many times before. I suspect they are very wrong this time and your life may depend upon your preparation for that day when Iran lobs a nuclear bomb over the US strapped atop a second rate guided missile that, nevertheless, can get the job done.

Never, ever, allow yourself to believe that Iran is only blustering when saying they will wipe Israel off the map. Remember, they have also said a world without America is desirable — and possible.

They mean to blast America from the map as well.

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Glenn Beck crowd: Not so white as advertised

August 30, 2010 Leave a comment

Yesterday, hundreds of thousands of Americans – of many creeds and colors – made what ended up being a pilgrimage of sorts to the Lincoln Memorial in Washington, D.C., for Glenn Beck‘s Restoring Honor rally.Catholics, other Christians and Jews spoke to WND on site, many celebrating the themes of faith and reliance on God proclaimed from the platform.As WND reported, Beck proclaimed the purpose of the rally, saying, “It has nothing to do with politics; it has everything to do with God.”Beck, the Fox News TV host and a professed Mormon, urged his fellow Americans to live according to the Christian virtues of faith, hope and charity.

He asked everyone to enter into 40 days of deep prayer, an obvious plea to imitate Jesus Christ‘s 40 days of prayer and fasting in the wilderness.Excerpt Read more at wnd.com …

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Is Obama losing his grip on reality? | The Post & Email

August 30, 2010 Leave a comment

LIAR-IN-CHIEF WHINES ABOUT “BIRTHERS,” THEREBY ACKNOWLEDGING THE ELIGIBILITY QUESTION OPENLY…WHAT WILL THE MSM DO NOW?

by Sharon Rondeau

The mainstream media now has no further excuse to cover up the Obama eligibility controversy, as Obama himself has acknowledged it. Is Obama unable to quell the questions, doubts and investigations into his background?Aug. 29, 2010 — In an interview with MSNBC anchor Brian Williams earlier today, Barack Hussein Obama complained that he “can’t spend all of my time with my birth certificate plastered on my forehead.” The fact is, he doesn’t have to, and no one is asking him to.The childish rant of a compulsive thug who bamboozled more than 67,700,000 adults into voting for him in November 2008 comes from the most dishonest, conniving and fraudulent individual ever to attain political office in U.S. history.

For Obama to even bring up the issue of his “birth certificate” shows an awareness of the controversy surrounding whether or not he is a “natural born Citizen,” as required by the U.S. Constitution, yet he fails to address it.For him to acknowledge “birthers” but fail to show a document which would cost him $10.00 to obtain when his wife and daughter vacation in Spain, then the entire family enjoyed golf and relaxation at Martha’s Vineyard while “the worst offshore oil spill in U.S. history” rages on is a sign of his mental instability and inability to function in society.

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DOJ Demonizes Constitutionalists As Extremist Criminals

August 30, 2010 Leave a comment

A recent Department of Justice guide for investigators of criminal and extremist groups lists “constitutionalists” and “survivalists” alongside organizations like Al-Qaeda and the Aryan Brotherhood. The 120-page, “Law Enforcement Sensitive” guide to “Investigating Terrorism and Criminal Extremism – Terms and Concepts” describes itself as “a glossary designed primarily as a tool for criminal justice professionals to enhance their understanding of words relating to extremist terminology, phrases, activities, symbols, organizations, and selected names that they may encounter while conducting criminal investigations or prosecutions of members of extremist organizations.”

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100,000 Americans Call It Quits and Retire to Mexico Every Year by Andre Estes

August 30, 2010 Leave a comment

100,000 Americans Call It Quits and Retire to Mexico Every Yearby Andre EstesEscape From America Magazine We have updates for those of you who have followed our recent move from Los Angeles to Rosarito Beach, Baja, California, Mexico, in a previous edition of EscapeFromAmericaMagazine.

Other than hanging some large pieces of art and a few drapes in our 4,500 sq ft beachside castle no moat, but as secure, we’re almost settled now and ready to meet new people and learn more about Baja California.This morning, we dropped by the offices of Baja123 to say hello to our friends, the owners of Baja123, David and Kanoa Biondolillo, and they suggested we would enjoy meeting a friend of theirs, Douglas Welch, Corporate Director, Santa Barbara Luxury Living at Bajamar, located just 24 miles South of Rosarito near Ensenada, a city of 450,000 people, and only 50 miles from San Diego.

Arrangements were quickly made by phone for a tour of the property and lunch at the Bajamar Hotel. We jumped at the opportunity to see the property and meet Douglas.Thirty minutes later, we pulled into the palatial security gates of Bajamar and drove through their graciously appointed grounds, jogging and walking trails, three beautifully manicured nine-hole golf courses with an ocean view on every hole we later learned the courses were often compared to Pebble Beach, and small boutique-type vacation homes and mansions along decorative stamped concrete streets.

We both commented that we felt like we’d landed in a private paradise.

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Jon Rappoport — Do-Gooders Can’t Count

August 30, 2010 Leave a comment

A hundred years ago, in America, an old idea was given new legs:Help everybody.It seemed like a simple premise, even if its implications would eventually shred every sentence in the Constitution, like a worm eating paper.

Most of the proponents of this idea have experienced a jolt of personal adrenaline from it—as in, “Why didn’t I think of this before, why was I so focused on Me, why did I imagine my small mind was more important than the collective mind, of course this why we’re all here on planet Earth.”Good for them.And of course, who would carry the freight of this grand “help everybody” premise? Government. No other body or institution would be up to the task.

Much of the growth of government over the last century has involved burgeoning bureaucracies whose purpose is to do good. Help everybody.Now, that gigantic expansion is running into a brick wall.The federal government and state governments can’t pay for the cost of saving every soul.

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Michael LeMieux — Cultural Tyranny – From DC to Main Street

August 30, 2010 Leave a comment

Would you willingly give the federal government the money it steals from you each year if it were not for the fear of the IRS sending agents with guns, putting liens on your property, garnishing your bank accounts, and possibly sending you to jail?

Would a property owner willfully give up their poultry if it were not for the fear of the Police coming with guns while the zoning enforcement officer steals your property?

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We comply out of fear! Is fear the basis of liberty and freedom?

NO, it is the basis of tyranny!

But it is up to us to stand up to tyranny at whatever levels it resides and we must force those that are supposed to protect our rights to do exactly that. Leave the rights of the citizen alone and serve only to protect our rights — for that is the true reason “Governments were instituted among men.”

In the words of Thomas Jefferson: “When the people fear their government, there is tyranny, when the government fears the people, there is liberty.

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”© 2010 Michael LeMieux – All Rights Reserved

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Ron Paul Calls for Audit of U.S. Gold Reserves

August 30, 2010 Leave a comment

Ron Paul Calls for Audit of U.S. Gold Reserves

by Christian Gomez
The New American

Recently by Ron Paul: Demagoguing the Mosque

In an exclusive interview with Kitco News, Congressman Ron Paul (R-Texas) revealed that next year at the start of the newly inaugurated 112th United States Congress, he would introduce a new bill to audit the U.S. gold reserves, which are reportedly stored at the New York Federal Reserve and Fort Knox.

The reason behind this bill is that in the event “we ever get around to deciding we should use gold in relationship to our currency, we ought to know how much is there,” Paul told Kitco.

“Our Federal Reserve admits to nothing, and they should prove all the gold is there. There is a reason to be suspicious, and even if you are not suspicious, why wouldn’t you have an audit?” said Paul.

This is not the first time Rep. Ron Paul has suggested that there be a full audit of the county’s gold reserves. Paul recalled that “In the early 1980s when I was on the gold commission, I asked to recommend to Congress that they audit the gold reserves – we had 17 members of the commission and 15 voted not to [recommend] the audit.”

The two votes in favor of an audit came from the two gold advocates who pushed for the creation of the commission in the first place – Senator Jesse Helms (R-N.C.) and Rep. Ron Paul.

At the time, Sen. Helms and Rep. Paul were the leaders of Congress’s gold coalition, which included Republicans Sen. James McClure of Idaho, Sen. Barry Goldwater of Arizona, Rep. Philip Crane of Illinois, Rep. James Collins of Texas, Rep. Steven Symms of Idaho, and Democratic Rep. Larry McDonald of Georgia, the latter of whom was at the time also a National Council member of the John Birch Society.

In fact, Rep. McDonald introduced a similar bill to that of Ron Paul’s newly proposed 2011 gold reserve audit bill. In 1979, Rep. McDonald sponsored H.R. 555, entitled: “A bill to require the Comptroller General of the United States to audit annually the gold held by the United States on the first day of each fiscal year and to report his findings to Congress.” McDonald presented the same bill again the next year, this time as H.R.555, and was unable to garner any cosponsors.

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