'End the Fed'

" Hello everyone welcome to freedom watch your daily dose of raw liberties streaming online if foxnews.com. I'm your host judge never an apology and a here. Defending freedom defending your natural rights and defending -- right to have a government that stays within the confines of the constitution. Last Friday in the house financial services committee held a hearing. On HR 1207. The Federal Reserve transparency act introduced earlier this year bomb my next guest congressman Ron Paul. The bill with 291. Co sponsors is now one step closer. To a full audit of the most secretive nongovernmental. Organization. In the government. That runs our lives today. It is of course my great pleasure to introduce one of America's great defenders of freedom and liberty in congress or anywhere congressman Ron Paul. And author of the hot new book. And the Fed. He joins us on the phone from his congressional district office in the great state of Texas congressman Paul welcome back to freedom one. Shank it got credit rewritten it thank you are we a step closer to auditing the Fed. As a result of the -- hearing conducted by congressman Frank's committee last week."

" Yes we're step forward I don't know how close we are they achieving victory we still have the Senate to contend with we have the president to contend with. We have been manipulation that can go on even in the house even though we have almost these 300 individuals 'cause sponsoring it. But very powerful forces opposed to list. Who out there there -- a lot of obstacles you know even if we get to build pass you can imagine. The have to reserve doing exactly what they're doing to the Freedom of Information Act you know there. Couple cases now I think both but box and and Bloomberg have asked for information and in the area you know resisting this and are fighting an appealing it. I suspect there's still going to be a lot of resistance but the answer the question is definitely -- step closer the biggest step ever has been the upbringing. This this. Important issue to the American people on the a couple of years ago they -- in that part about this is. Yet today is that very important issues so in anyway we're making great progress."

" In a nutshell why should the Fed be audited."

" Because see there's a responsibility. By congress to protect the people they shouldn't create something secret that's. Actually harms the people so there's a moral not legal and constitutional responsibility. For congress to nor allow this secret. Central Bank. To take care of special interest at the expense of the American taxpayer."

" You know yesterday the air New York Times. It was the New York Times but it seemed like an accurate report the New York Times reported. That there -- six people looking for jobs for every one job available. And yet the head of the Federal Reserve Chairman Bernanke. Who by the way I think is greatest fear is being cross examined by you doctor Paul. Nevertheless said the recession is over. That does he know something we don't what the heck is he talking about what he says the recession is over."

" Well witty knowing that everything was hunky dory you know even months before the major calamity -- because they approach it definitely -- they either talk themselves into believing that. Or they themselves. You know don't know what's happening. Maybe they're deliberately or deliberately deceiving us. The -- they weren't Boehner told us what was happening before so I don't know how anybody could believe what they're telling us now that the recession is over. I think the bottom line is really the unemployment and you mentioned six people look at -- one job out there. And as long as that's happening here on those numbers are growing -- major recession or depression going on you know they feel good they take. While Obama achieve them a miracle they're -- 700000. People. Applying for unemployment every week now legally 550000. You know now over half a million people every week. I'm going to the government you know to get unemployment benefits pretty serious -- thing."

" You know I think you put your finger on something congress and for that you and I have talked about on -- off. Many times how could the people in the Fed with all the power that they have. -- so wrong. These so ignorant of history. He's so determined. To use the same techniques that got us in this mass. In an effort to get it out of I think they are deceiving themselves I don't think they're evil or vicious. I think they simply have talked themselves into believing where the government. We must be right we have to use governmental power and and that stuff so here's what we'll -- nevermind that it has never worked before."

" It's you know they have those instincts that 12. Where they want to run other people's lives and run the economy for the benefit -- everybody and they have always felt comfortable because these so called intellectuals of our universities. We're backing them up. But I can remember when I was trying to sort this all help in finding finding answers. I felt very very good when I found the answers in the Austrian economics an economist who are very brilliant. Then I started to feel comfortable. They haven't been exposed to this same economic policies that you might have been exposed to. They have and they have been exposed to people like Krugman and they win Nobel prize isn't -- the establishment they've been taught that from. First grade on a -- through college and graduate work. So they they feel comfortable. They're almost determined to go to the map to prove that they're right."

" Last week at the G-20 summit meeting. And in Pittsburgh Pennsylvania. The big news was not anything about an international monetary scanner or. China had deciding not to -- any more money the big news was the president coming before national national television cameras. On Friday morning flank frank by. Flanked by French president Sarkozy. And British prime minister brown threatening Iran and saying we understand you have on nuclear capability. I'm if you don't let inspectors in there we're gonna do something about it are we seeing the same thing. It exploit complete with Barack Obama all over again that we saw what George Bush and Iraq."

" Yeah I think so because. You know -- that -- yellow cake you know the forged papers with yellow cake. The UN inspectors were in the inside Iraq. -- of the same for all his evil and nonsense he put on. The inspectors were there it was almost like this but the bombing before they proved that there aren't any weapons there remember they had every move. The UN inspectors. So that the war could start in this the same old thing again. BA -- on the hand IAEA has been inspecting them all along they have never been found. In the in the air they've always followed the law and even though this episode they're claiming well they never told about it they're the ones who told -- that they've released it. And a non proliferation treaty says that they have to only tell. The people on the Leon. Six months before they go in the productions so they have obeyed the law. And they have not been found in in violation at the same time. What has been the Al -- the John's response. Come on hand the inspectors can be and he is agreed that they can cameos in the end I think your analogy is right and I think it's. Scary I think it is war mongering it's smelled just like what what happened in the early part of this decade when. When bush was determined -- you know. A long time before 9/11 howry got an all. They've been working hard on when in they're gonna hit a running out. And I am afraid they're going to be sanctions put on there that will unify the Iranians inevitably come more militant not left."

" My he had colleagues in this building and another. Cable channels. Around town of all been arguing and I among them. Over -- wisdom and propriety of an American general Stanley and crystal going on national television. And saying the president has only spoken to me once and as far as I know he's sitting on -- report. That I need 40000 more troops that did I miss something did we declare war. On Afghanistan. What. Why is it -- eight general goes on national television to tell the president that he must give them 40000 more troops for an undeclared war."

" This so this is up this is really hard to quite figure out because. If he is acting on his own if if you had -- reasonably thinking president would he be fired immediately. They can be tired but it's not been into the game they're playing you know we've. It's back and forth senator you know Obama's a lot of take us certain spam auto what these troops to help help build up is. Popularity with his base of the same time you know we have the peace talks and we let the general -- there. If -- preposterous way to run foreign policy or war. That's why have always argued -- your -- better be aboard a better be a hot where you gonna get it over with the better be declared that baby behind it. This place the wars just go on -- your Ron their political order their NATO war there you land wars. The worst thing in the world for the American people and for our country."

" Before -- before I let it go what's that next step. On HR twelve -- seven I gather from the comments that congressman Barney Frank made some of which were were very pleasing to hear. Out of his mouth about you. That it will it will pass the committee in some form is it likely to get to the floor of the house for a vote. This year before Christmas."

" No not likely but I haven't given up on that that's what I'm in the fight for. He more or less hay has eluded to me that yes he he wants this it's gonna do it we're gonna do it we're gonna change a couple things which are more or less have agreed you know -- Two. Just have. You know technical changes but I think his goal is to put it in his package my goal is to get it to the house floor. In the more public pressure we have the stronger my argument is I don't have any strong arguments in Washington. Might strengthen this movement in this bill comes from the streets of the American people which -- 5% the American people now supporting the bill. They have so many Democrats and all Republicans supporting it. We do have a chance I'm going to press real hard try to get a vote for but I can't guarantee that."

" Congressman Paul thanks for joining us on freedom watch thank you get."