From: Prison Planet.com
Paul Joseph Watson
Pointing out that the majority of Americans want to see a full audit of the Federal Reserve, Congressman Ron Paul asked Cain if he stood by his position that it would be frivolous to audit the Fed on a regular basis, as well as his characterization of those who are calling for such measures as ignorant.
Paul Joseph Watson
Establishment favorite and former Federal Reserve insider Herman Cain
brazenly lied during last night’s Republican debate when he denied that
he had opposed an audit of the Fed, a claim that was proven false within
hours by Ron Paul’s campaign team.
Pointing out that the majority of Americans want to see a full audit of the Federal Reserve, Congressman Ron Paul asked Cain if he stood by his position that it would be frivolous to audit the Fed on a regular basis, as well as his characterization of those who are calling for such measures as ignorant.
Cain responded by claiming he never dismissed Ron Paul
or his supporters as “ignorant” for asking about the Federal Reserve,
and that the error was down to Paul believing what he read on the
Internet. Technically Cain is correct, because he didn’t call Ron Paul
supporters “ignorant,” worse still, in his own book Cain dismissed them as “stupid”
and ludicrously suggested that the Paul campaign was deliberately
sending out supporters to harass Cain with questions about the Federal
Reserve.
Cain brazenly lied in the next breath when he claimed,
“I do not object to the Federal Reserve being audited, I simply said if
someone wants to initiate that action go right ahead, it doesn’t bother
me,” adding that he had been “misrepresented” and didn’t have a problem
with the Fed being audited, before robotically repeating his “9,9,9″ tax
hike agenda.
Within hours, the Paul campaign responded by pointing
out precisely where Cain had expressed his opposition to auditing the
Fed, with the aid of the very same Internet that Cain derided as an
inaccurate source of information.
Unfortunately for the former Godfather’s Pizza CEO, the
world wide web turned out to be very accurate in documenting Cain’s
deception.
On December 29, 2010, Cain, former director and chairman at the Kansas City Federal Reserve, said the following. “Some people say that we ought to audit the Fed. Here’s
what I do know. The Federal Reserve already has so many internal audits
it’s ridiculous. I don’t know why people think we’re gonna learn this
great amount of information by auditing the Federal Reserve. I think a
lot of people are calling for this audit of the Federal Reserve because
they don’t know enough about it. There’s no hidden secrets going on in
the Federal Reserve to my knowledge.”
Not only has Cain been exposed as a liar on prime time
television, but the controversy also throws fresh spotlight on his
ridiculous claim that the Fed has not acted in secrecy.
As we have since learned, most of the secret $16
trillion in Federal Reserve bailout funds between 2008 and 2010 went to
foreign banks in places like Belgium, Japan and Libya.
“The biggest borrowers from the 97-year-old discount
window as the program reached its crisis-era peak were foreign banks,
accounting for at least 70 percent of the $110.7 billion borrowed during
the week in October 2008 when use of the program surged to a record,” reported Bloomberg.
Before the Federal Reserve was legally forced to
disclose the details of where the bailout money went, Chairman Ben
Bernanke attempted to hide its destination by refusing to tell elected Congressmen like Alan Grayson and Ron Paul which financial institutions received bailout funds.
No “hidden secrets,” then Herman?
Cain’s total disregard for the truth and his transparent
efforts to cover-up his sympathies for the Federal Reserve, the very
source of America’s economic decline, by lying to the American people on
national television, should torpedo any notion that Cain should even be
considered as a Republican presidential candidate.
Just like Rick Perry before him, expect Cain’s campaign, backed by his “9,9,9″ gimmick, which would increase taxes for middle class Americans, to crash and burn as more spotlight is thrown on his Federal Reserve connections.
*********************
Paul Joseph Watson is the editor and writer for Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a regular fill-in host for The Alex Jones Show.
