Category Archives: Transhuman News

[198] Ron Paul on Fed hikes and Scotlands future hangs in the balance
Our lead story today is Scotland, as voters are about to choose whether to remain part of the United Kingdom or to secede. If the yes campaign --seeking independence for Scotland-- secures...

By: Boom Bust

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[198] Ron Paul on Fed hikes and Scotlands future hangs in the balance - Video

Ron Paul Write In Homeland Security
Hammering Truth discusses current events. - Captured Live on Ustream at http://www.ustream.tv/channel/alex-jones-hammering-truth.

By: HammeringTruth

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Ron Paul Write In Homeland Security - Video

ST. PETERS The city has paid $20,000 to settle a lawsuit by a local Ron Paul campaign leader over his trespassing arrest after the chaotic 2012 Republican presidential caucus at the Francis Howell North High School gym.

Brent Stafford of O'Fallon, Mo., had filed the suit last year, several months after a St. Peters municipal judge acquitted him of the trespassing charge after hearing testimony from witnesses.

The suit, filed in U.S. District Court in St. Louis, alleged false arrest, malicious prosecution and violation of Stafford's constitutional rights. The city denied the allegations.

The settlement was made public Thursday by the city; it was reached June 30.

Stafford had been arrested on the sidewalk outside the St. Charles County GOP caucus site as he was trying to get caucus participants to reconvene. The caucus, in March 2012, had shut down after about a half hour of boisterous disputes.

Some of the several hundred people, with Paul supporters in the forefront, yelled objections to decisions made by caucus organizers. Much criticism was aimed at a ban on videotaping and other recording.

Police testified in the municipal court trial that their order to leave applied to both the gym and the area outside. Stafford's attorney contended that it didn't and said no one told him to leave the grounds before he was arrested.

Stafford said he had left the gym as ordered along with other participants and then exercised his free-speech rights outside.

City officials said they acted out of concern for public safety when they and caucus organizers told people to leave the gym and the premises. Officers said they were concerned that the crowd was growing hostile.

A few weeks later, Stafford was elected chairman of a repeat county caucus ordered by state GOP officials at which videotaping was allowed.

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St. Peters pays $20,000 to settle caucus arrest suit by Ron Paul supporter

The House has approved a bill that would open the Federal Reserves activities, including its deliberations on interest rate policy, to increased congressional scrutiny.

The legislation would direct the Government Accountability Office to conduct a full audit of the Feds operations and report back to Congress. Currently, the GAO reviews the central banks financial operations, but not its policy decisions or agreements with foreign governments and central banks. An outside firm audits the Feds financial operations and its findings are published in the central banks annual report.

Known to some on Capitol Hill as the Audit the Fed bill, it passed the Republican-controlled House Wednesday on a 333-92 vote, with support from 106 Democrats. However it would likely face more opposition in the Senate, which is controlled by Democrats.

[This] bill brings us one step closer towards bringing much-needed transparency to our nations monetary policy, Rep. Paul Broun (R., Ga.), a sponsor of the legislation, said in a statement.

Rep. Elijah Cummings (D., Md.) voiced his opposition to the measure as it was debated on the house floor Tuesday. If enacted, this bill would severely curtail the independence that has been a hallmark for the Federal Reserve and has been essential to its ability to strengthen our country, he said. It would permit GAO to audit the communications that members of the Federal Reserves Board of Governors have with each other and with staff regarding monetary policy.

Fed officials strongly oppose any legislation that might give lawmakers direct oversight over monetary policy, arguing this would compromise the principle of central bank independence. The fear is that lawmakers would put short-term political interests ahead of the broader economic well-being if their hands got too close to the central banks policy levers.

The bill was based on a previous effort by former Rep. Ron Paul (R., Texas), who ran for the GOP presidential nomination in 2012.

Mr. Pauls Audit-the-Fed push was part of a postcrisis backlash against the central bank, which was seen by critics as both too slow to foresee the oncoming disaster and too lenient with the banks that received taxpayer backing through a string of financial rescue packages and emergency credit facilities. Fed officials and their defenders said those responses helped prevent the 2008 crisis from escalating into a more catastrophic financial system meltdown.

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Ron Paul Legacy Lives on as House Passes Fed Audit Bill