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Federal Reserve

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In a stunning victory for borrowers, a New Jersey court has dismissed a foreclosure action filed against the borrowers by Deutsche Bank Trust Company America as alleged trustee for a securitized mortgage loan trust after Deutsche Bank willfully, and despite the entry of three (3) separate court orders, refused to produce documents demanded by the borrowers which included documents setting forth the identity of the true owner and holder of the Note and mortgage, the complete chain of title to ownership of the note and mortgage, payment application histories, and documents as to the securitized mortgage loan trust. The Court had given Deutsche Bank multiple opportunities and extensions of time to produce the documents, but Deutsche Bank continually refused to produce any of the documents requested, resulting in the dismissal of Deutsche Bank’s foreclosure action. The Court also ruled that Deutsche Bank is not permitted to re-file any foreclosure action until it is prep

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Congressman Ron Paul questions Federal Reserve Governor Elizabeth Duke at the House Financial Services Subcommittee on Domestic Monetary Policy and Technology hearing on July 16, 2009 entitled, "Regulatory Restructuring: Safeguarding Consumer Protection and the Role of the Federal Reserve."

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Daily Paul

A force of one: the Federal Reserve By Chuck Norris, I agree with Judge Andrew Napolitano, who said last week, "We know more about the CIA than we do about the Federal Reserve." The Federal Reserve is the Freemasonry of government agencies. It is a virtual secret society unto themselves – a group of unelected brokers who hold the value of our dollar in the palms of their hands. This one agency, with its power to raise and lower interest rates, has exercised more control over the economy than other government body.

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Claims are made that auditing the Fed would compromise its independence.  However, by independence, they really mean secrecy.  The Fed clearly cherishes its vast power to create and spend trillions of dollars, diluting the value of every other dollar in circulation, making deals with other central banks, and bailing out cronies, all to the detriment of the taxpayer, and to the enrichment of themselves.  I am happy to challenge this type of “independence”.

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Lew Rockwell

Mr. Paul has introduced a bill to have the Federal Reserve, the most secretive group of slime in the world, audited. By the way, the Fed is NOT a government institution, but a privately-owned bank by Goldman Sachs, JP Morgan, etc., charged with monetary policy. The Fed was created during a special Christmas session of Congress back in 1913, where very few members even showed up to vote, and has since debased the currency by more than 95% (and counting) while generating wild profits for the banks that own it....

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A proposal from a long-time congressional foe of the Federal Reserve that could give lawmakers sway over monetary policy has won the support of a majority in the House of Representatives, alarming officials at the U.S. central bank.

The Federal Reserve Transparency Act of 2009, put forward by Republican Representative Ron Paul of Texas, now has 250 co-sponsors in the House. It will get air-time on Thursday during a congressional hearing on Fed independence that will feature testimony from the Fed's No. 2 official, Donald Kohn.


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A Senate amendment based on Congressman Ron Paul’s successful House bill to audit the Federal Reserve was blocked by the Senate yesterday evening on procedural grounds, as Jim DeMint slammed the Fed for refusing to disclose where trillions in bailout funds had gone, while a top Obama administration advisor called for a second “stimulus” package to be prepared.

Article Image Letters to the Editor • Global

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While the current money system is less than a hundred years old, few people understand how money is created. Today, paper dollars are issued not as receipts for assets on a one-to-one ratio—as was the original method of early “bankers” known as goldsmiths who stored gold for customers—but through the whims and desires of relatives and agents of controlling families who own the central bank of the United States of America—a private corporation known as the Federal Reserve System. Irresponsible Monetary Policy Monetary policy will create a stable currency or cause money to lose value. Without sound, responsible money supply controls in place, an oversupply of dollars issued in paper or digital en