Ron Paul now has 62% of Congressional support to audit the US Federal Reserve.He only needs another 4% support and the audit must happen even without senate authorisation.The Fed has now threatened Congress with an increase in interest rates if they continue in this vein.

See http://www.youtube.com/watch?v=zpbW64vRrMc&eurl=http%A%Fwww%2Eronpaul%2Ecom%F&feature=player_embedded
http://www.youtube.com/watch?v=ZLGWIrBZCvY

Jamie Diamond is CEO of JP Morgan/Chase and this bank has declared and increase in profits for the last quarter of 36%.Jamie Diamond is also on the board of the Federal Reserve.JP Morgan have just agreed to bail out Bear Stearns if the Fed Res agrees to under write the risk to the tune of $30 billion of tax payer's money.Tim Geither is the President of the Fed Res and thus we have two board members bargaining over the funding of private interests using tax payer's money and Congress cannot know the details? Obama has sided with the Fed Res and wants to give them more power.

We have here the most important struggle that will determine our immediate economic future and that of the prosperity of our children,and we see not a peep out of the US media nor the popular media here,who like our own Govt seem subjugated by the will of the large Corporates.

Don't forget that we have to bow to the will of the US,since we live under the protection of their nuclear umbrella,and we are obligated to live within the rules of their financial arrangements.China is not looking very friendly and Kevin not very courageous,thus we are between a rock and a hard place.

i will wait till the two fed shril's come and say it isnt so,lest we forget the media at the bailout...pass the bailout over the weekend or the meltdown on monday...so leiman/sax got a huge bailout...and now having cleaned up..is raking in ever bigger market share..having taken over its largest competitor...lol..while the big banks have quickly consumed many smaller banks

people are mising the leiman links to the fed chairman and other that control govt...from before ww2..as revealed in other now forgotten posts..clearly an audit of the hen house is needed,..with the foxes running the henhouse

Alan Grayson has really mobilised the Democrats and now the Fed is getting Economists and journos to write articles defend their so called indpendance.

Apparently Ron Paul has huge support from people in the armed services and this has not missed the attention of the Fed,since when push comes to shove and they refuse to open their books,it will be those with the real power,the people backed by the constitution that will prevail.

It is starting to get into the mainstream media and now I think it will be unstoppable even if Ron Paul is gone.How gutless is our popular media.Even our own ABC is missing in action on this import issue.They are too pre-cccupied with their love in of Barack Obama and what ever Obama does and says is gospel.

Yes,OUG our resident two ardent supporters of the Fed are losing ground very quickly.People like Pericles and Yabby will soon be silenced by their own embarassment.

If you want to see Ben Bernake squirm,go to http://www.ronpaul.com/ and see The Federal Reserve is already politicised.See Alan Grayson grill Bernanke.Bernanke cannot account for $ 500,000 million which the Fed has loaned to foreign banks.Note they loaned $9 billion to New Zealand which is $3000.00 for every person.If the NZ $ depreciates against the $ US,they are stuffed.

A greater worry for us is that Kevin has borrowed form the Chinese.The Yuan looks like increasing in value.It all depends upon the loan arrangements but foreign currency loans usually benefit the lender and we will pay more if the yuan increases in value.

Why borrow from them if you can create your own currecy and pay no interest? Inflation locally can be controlled by interest rates and taxes.There is no reason to borrow from foreign banks.It is total BS.