Archive for the ‘Federal Reserve’ Category

The Federal Reserve Can Not Account For $9 Trillion In Off-Balance Sheet Transactions

Monday, May 11, 2009

This video is a must watch for anyone who wants to understand just how “effective” the Fed is at safeguarding taxpayer money. Apparently nobody at the Federal Reserve has any clue where the trillions of dollars that have come from the Fed’s expanded balance sheet have gone. Additionally, nobody there seems to have any idea what the losses on the Fed’s $2 trillion portfolio really are.

As for the pittance of $9 trillion in Fed off-balance sheet transactions over the past 8 months, well, yeah, that’s also somewhere out there… Just don’t ask the Federal Reserve where.

Rep. Alan Grayson summarizes it best “I am shocked to find out that nobody at the Federal Reserve is keeping track of anything.”

(P.S. Zero Hedge uses the term “anyone” generically, with the presumption that the Fed’s Inspector General should traditionally receive most memos on memorandum items that deal with a dollar sign and +/- 12 zeros after it).

 

http://zerohedge.blogspot.com/2009/05/federal-reserve-can-not-account-for-9.html

Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle

First Posted: 11-19-09 08:13 PM   |   Updated: 11-19-09 08:44 PM

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.

The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed’s opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.

The amendment expressly blocks Congress from interfering with the independence of monetary policy decision-making, but opponents of the measure said that the political pressure would inevitably follow.

A desperate, last-minute attempt to thwart the move came in the form of an amendment championed by Rep. Mel Watt (D-N.C.) and described by its supporters as more reasonable. On Tuesday, however, the Huffington Post reported that, on a close reading, his amendment would in fact decrease transparency at the Fed by adding additional restrictions.

Backers of the Watt amendment pressed their case on Wednesday by sending a letter from a “political cross section of prominent economists” backing a measure like Watt’s. HuffPost reported, however, that those economists might well have be prominent, but they certainly aren’t a “political cross section.” Seven of the eight economists in question have extensive connections to the Fed — and half of them are currently on the Fed payroll. Those affiliations were not noted in the letter.

The playbook in Washington often goes like this: When a measure that threatens the establishment builds enough momentum that it must be dealt with, it is labeled as “unserious.” The Washington Post editorial board, true to the script, called Paul’s measure “an unserious answer to a serious question.”

And it particularly rankles the center that a pair of “wingnuts” are behind a successful effort to challenge the prevailing order.

Step Two is for a “serious” compromise to be offered. In this case, it was Watt’s amendment. But by the time the vote was called Thursday afternoon, committee members had seen through his measure, recognizing that it was not a compromise effort to bring real transparency to the Fed but an attempt to further shut the the doors.

“The Watt amendment will fully obliterate everything 1207″ — Paul’s measure — “is intended to do,” said Paul during Thursday’s debate.

For anyone remaining confused, the debate was further clarified by the central bank itself: Federal Reserve Vice Chair Don Cohn and General Counsel Scott Alvarez spent much of the day calling committee members, urging them to oppose the Paul-Grayson amendment in favor of Watt’s, a member of Congress who asked for confidentiality told HuffPost.

Paul’s opponents also placed a letter from former Fed chairmen Alan Greenspan and Paul Volcker on the seats of every committee member. Such a move is in violation of House rules and Grayson was able to have the letters removed.

As the day wore on and support held for the Paul-Grayson side, the Fed still could hope that both would pass. Watt’s amendment, which included additional restriction, would then trump Paul’s.

To counter that possibility, the Paul-Grayson side moved to fully replace Watt’s amendment with theirs, leaving only one amendment to vote on. The motion carried and the amendment passed in a landslide.

The GOP broadly backed the amendment, though Frank chided them for finding their love of Fed transparency only after they lost power, noting that Paul has been introducing some version of the measure since 1983.

Frank said he was opposing the Paul amendment because it could be perceived as influencing monetary policy, which can have inflationary pressure. “Perception is very important in monetary policy,” said Frank.

He urged a no vote, yet 15 Democrats bucked him, voting with Paul. Key to winning Democratic support was a letter posted early Thursday from labor leaders and progressive economists. The letter, organized by the liberal blog FireDogLake.com, called for a rejection of the Watt substitute and support for Paul.

Grayson was able to show Democratic colleagues that the liberal base was behind them.

“Today was Waterloo for Fed secrecy,” a victorious Grayson said afterwards.

Watch:

 

http://www.huffingtonpost.com/2009/11/19/fed-beaten-bill-to-audit_n_364546.html

Audit the Fed Amendment Passes 43-26!

Audit the Federal Reserve: HR 1207 and S 604

Audit the Fed Amendment Passes 43-26!

On Thursday, November 19, 2009, after several hours of heated debate, the Paul-Grayson “Audit the Fed” amendment passed 43-26 in the House Financial Services Committee. The amendment calls for a comprehensive audit of the Federal Reserve and replaces the opposing “placebo” amendment proposed by Mel Watt.

The Paul-Grayson initiative is an amendment to Barney Frank’s HR 3996, also known as the “Financial Stability Improvement Act of 2009″. The Committee was going to vote on that bill on November 19, but Barney Frank surprisingly postponed the vote until after the Thanksgiving recess.

Ron Paul sent out the following press release shortly after the amendment passed:

http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/

FOR IMMEDIATE RELEASE

Washington, D.C. – Congressman Ron Paul (TX-14) is pleased to announce that his and Congressman Grayson’s amendment based on HR 1207 has passed in the Financial Services Committee by a vote of 43-26 and will be included in major banking reform legislation.

The Paul/Grayson amendment:

  • Removes the blanket restrictions on GAO audits of the Fed
  • Allows audit of every item on the Fed’s balance sheet, all credit facilities, all securities purchase programs, etc.
  • Retains limited audit exemption on unreleased transcripts and minutes
  • Sets 180-day time lag before details of Fed’s market actions may be released
  • States that nothing in the amendment shall be construed as interference in or dictation of monetary policy by Congress or the GAO

“While HR 3996, if passed, will grant sweeping new powers to the Federal Reserve, at least with this amendment attached, it won’t be acting in secret anymore. This is a major victory for Federal Reserve transparency and government accountability,” stated Congressman Paul.

How they voted (HR 1207 co-sponsors in bold):

 

Democrats
MA-04 Rep. Barney Frank nay
PA-11 Rep. Paul E. Kanjorski nay
CA-35 Rep. Maxine Waters nay
NY-14 Rep. Carolyn B. Maloney nay
IL-04 Rep. Luis V. Gutierrez nay
NY-12 Rep. Nydia M. Velázquez nay
NC-12 Rep. Melvin L. Watt nay
NY-05 Rep. Gary L. Ackerman nay
CA-27 Rep. Brad Sherman aye
NY-06 Rep. Gregory W. Meeks nay
KS-03 Rep. Dennis Moore nay
MA-08 Rep. Michael E. Capuano nay
TX-15 Rep. Rubén Hinojosa aye
MO-01 Rep. William Lacy Clay aye
NY-04 Rep. Carolyn McCarthy nay
CA-43 Rep. Joe Baca
MA-09 Rep. Stephen F. Lynch nay
CA-42 Rep. Gary G. Miller nay
GA-13 Rep. David Scott aye
TX-09 Rep. Al Green nay
MO-05 Rep. Emanuel Cleaver nay
IL-08 Rep. Melissa L. Bean nay
WI-04 Rep. Gwen Moore nay
NH-02 Rep. Paul W. Hodes aye
MN-05 Rep. Keith Ellison nay
FL-22 Rep. Ron Klein nay
OH-06 Rep. Charles Wilson nay
CO-07 Rep. Ed Perlmutter aye
IN-02 Rep. Joe Donnelly nay
IL-14 Rep. Bill Foster nay
IN-07 Rep. Andre Carson nay
CA-12 Rep. Jackie Speier aye
MS-01 Rep. Travis Childers aye
ID-01 Rep. Walt Minnick aye
NJ-03 Rep. John Adler aye
OH-15 Rep. Mary Jo Kilroy nay
OH-01 Rep. Steve Driehaus aye
FL-24 Rep. Suzanne Kosmas aye
FL-08 Rep. Alan Grayson aye
CT-04 Rep. Jim Himes nay
MI-09 Rep. Gary Peters aye
NY-25 Rep. Dan Maffei aye

Republicans
AL-06 Rep. Spencer Bachus aye
TX-19 Rep. Randy Neugebauer aye
DE-01 Rep. Michael N. Castle aye
NY-03 Rep. Peter King aye
CA-40 Rep. Edward R. Royce aye
OK-03 Rep. Frank D. Lucas aye
TX-14 Rep. Ron Paul (sponsor) aye
IL-16 Rep. Donald A. Manzullo aye
NC-03 Rep. Walter B. Jones aye
IL-13 Rep. Judy Biggert aye
NC-13 Rep. Brad Miller
WV-02 Rep. Shelley Moore Capito aye
TX-05 Rep. Jeb Hensarling aye
NJ-05 Rep. Scott Garrett aye
SC-03 Rep. J. Gresham Barrett aye
PA-06 Rep. Jim Gerlach aye
GA-06 Rep. Tom Price aye
NC-10 Rep. Patrick T. McHenry aye
CA-48 Rep. John Campbell aye
FL-12 Rep. Adam Putnam aye
MN-06 Rep. Michele Bachmann aye
TX-24 Rep. Kenny Marchant aye
MI-11 Rep. Thaddeus McCotter aye
CA-22 Rep. Kevin McCarthy aye
FL-15 Rep. Bill Posey aye
KS-02 Rep. Lynn Jenkins aye
NY-26 Rep. Christopher Lee aye
MN-03 Rep. Erik Paulsen aye
NJ-07 Rep. Leonard Lance aye

Why Audit The Federal Reserve?

Ron Paul’s legislation is aimed at pulling back the curtain from a secretive and unaccountable Federal Reserve. Congress and the American people have minimal, if any, oversight over trillions of dollars that the Fed controls.

With recent bailouts and spending decisions shining a spotlight on the actions of the Federal Reserve, more and more pressure is bearing down on Congress to take action and demand accountability and transparency.

Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business.

Why Audit The Federal Reserve?

Why Audit The Federal Reserve?

Ron Paul’s legislation is aimed at pulling back the curtain from a secretive and unaccountable Federal Reserve. Congress and the American people have minimal, if any, oversight over trillions of dollars that the Fed controls.

With recent bailouts and spending decisions shining a spotlight on the actions of the Federal Reserve, more and more pressure is bearing down on Congress to take action and demand accountability and transparency.

Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business.

http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/

HR 1207

This is the bill itself, H.R. 1207:

111th Congress – 1st Session
To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.

H.R. 1207

A BILL

1. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.
This Act may be cited as the “Federal Reserve Transparency Act of 2009″.

SEC. 2. AUDIT REFORM AND TRANSPARENCY FOR THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.

(a) IN GENERAL. – Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after “shall audit an agency” and inserting a period.

(b) AUDIT. – Section 714 of title 31, United States Code, is amended by adding at the end the following new subsection:

“(e) AUDIT AND REPORT OF THE FEDERAL RESERVE SYSTEM. -

“(1) IN GENERAL. – The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.

“(2) REPORT -

“(A) REQUIRED. – A report on the audit referred to in paragraph (1) shall be submitted by the Comptroller General to the Congress before the end of the 90-day period beginning on the date on which such audit is completed and made available to the Speaker of the House, the majority and minority leaders of the House of Representatives, the majority and minority leaders of the Senate, the Chairman and Ranking Member of the committee and each sub-committee of jurisdiction in the House of Representatives and the Senate, and any other Member of Congress who requests it.

“(B) CONTENTS. – The report under subparagraph (A) shall include a detailed description of the findings and conclusion of the Comptroller General with respect to the audit that is the subject of the report, together with such recommendations for legislative or administrative action as the Comptroller General may determine to be appropriate.”.

 

Senate Bill Federal Reserve Download PDF

Financial Reform Federal Reserve Bill

http://banking.senate.gov/public/_files/AYO09D44_xml.pdf

Financial Reform Federal Reserve Bill Discussion Draft

http://banking.senate.gov/public/_files/FinancialReformDiscussionDraft111009.pdf

Summary: Restoring American Financial Stability – Discussion Draft

Create a Sound Economic Foundation to Grow Jobs, Protect Consumers,

Rein in Wall Street, End Too Big to Fail, Prevent Another Financial Crisis

Over the past year, Americans have faced the worst financial crisis since the Great Depression. Millions have lost their jobs, businesses have failed, housing prices have dropped, and savings were wiped out.

The failures that led to this crisis require bold action. We must restore responsibility and accountability in our financial system to give Americans confidence that there is a system in place that works for and protects them. We must create a sound foundation to grow the economy and create jobs.

 

U.S. Senate Democrats move to curb Federal Reserve’s powers!

U.S. Senate Democrats move to curb Federal Reserve’s powers

Senate Democrats move to curb Fed’s powers
By ANNE FLAHERTY, Associated Press Writer Anne Flaherty, Associated Press Writer – Tue Nov 10, 5:17 pm ET

WASHINGTON – Senate Democrats on Tuesday proposed stripping the Federal Reserve of its supervisory powers and creating instead three new federal agencies to police banks, protect consumers and dismantle failing institutions.

The 1,136-page bill, released by Senate Banking Committee Chairman Chris Dodd, would represent a significant shift in power in federal oversight of the U.S. market. The Fed has been a dominant figure in managing the economy, although many lawmakers blame the central bank for not doing enough to prevent last year’s crisis.

“We saw over the last number of years when (the Fed) took on consumer protection responsibilities and the regulation of bank holding companies, it was an abysmal failure,” said Dodd, a Connecticut Democrat.

Dodd’s proposal prompted cheers from consumer advocates and other Democrats, including Sen. Mark Warner, D-Va., an influential moderate who said swift action was necessary to prevent future government bailouts of big banks.

“Never again should the American taxpayers have to hear about ‘too big to fail,’ where the American taxpayer has to pick up the slack,” Warner said.

But the financial industry quickly pushed back.

The bill “would produce conflicts among regulators, undermine the state-chartered banking system and impose extensive new regulatory burdens on those banks that had nothing to do with creating the financial crisis,” said Edward Yingling, president of the American Bankers Association.

While Republicans were expected to oppose much of the bill, Sen. Bob Corker, a Tennessee Republican on Dodd’s committee, issued a statement setting an optimistic tone.

“I’m more hopeful than I was a few weeks ago that we will be able to come up with a bipartisan bill,” said Corker, who has worked closely with Warner on banking issues.

Among the top points of contention is Dodd’s desire to create a Consumer Financial Protection Agency to protect consumers taking out home loans or using credit cards against predatory lending and surprise interest rate hikes.

Republicans and industry officials say that creating another bureaucracy will make it harder for banks to do business and would limit the availability of credit.

Other provisions in Dodd’s bill would:

• Consolidate federal supervision of banks under a “Financial Institutions Regulatory Administration.”

• Abolish the Office of the Comptroller of the Currency and the Office of Thrift Supervision, and strip the Federal Deposit Insurance Corporation and the Fed of their bank supervision duties.

• Create an “Agency for Financial Stability” that would enforce new rules and dismantle complex financial firms if they threaten the broader economy.

• Regulate privately traded derivatives, hedge funds and other private pools of capital so that regulators have a sense of how much risk is being assumed by financial firms.

• Impose new rules on investment rating agencies.

• Limit the Fed’s ability to provide emergency loans to mostly healthy institutions, instead of failing firms.

The Senate Banking Committee was expected to take up the legislation next week and vote by early December. Dodd said he expects to need Republican support to get the bill through Congress and that he remains optimistic consensus could be reached.

The bill will also have to be reconciled with the House version. Rep. Barney Frank, chairman of the House Financial Services Committee, said he expects a floor vote in December on his proposal.

Like Dodd, Frank wants to strip the Fed of its consumer protection powers and create a separate agency dedicated to the mission. Both House and Senate bills also would limit the Fed’s ability to provide emergency loans and create a council of regulators to monitor the risks posed by large financial firms.

But the House bill wouldn’t consolidate federal banking supervision and would ultimately put the Fed in charge of enforcing new requirements for large and influential firms.

Frank said Dodd’s announcement on Tuesday confirmed that “we are moving in the same direction” and will enact legislation soon.

http://www.timesrepublican.com/page/content.detail/id/520821.html

Audit Passes
Audit the Fed Amendment Passes 43-26!

On Thursday, November 19, 2009, after several hours of heated debate, the Paul-Grayson “Audit the Fed” amendment passed 43-26 in the House Financial Services Committee. The amendment calls for a comprehensive audit of the Federal Reserve and replaces the opposing “placebo” amendment proposed by Mel Watt.

Why Audit?

Why Audit The Federal Reserve?

Ron Paul’s legislation is aimed at pulling back the curtain from a secretive and unaccountable Federal Reserve. Congress and the American people have minimal, if any, oversight over trillions of dollars that the Fed controls.

With recent bailouts and spending decisions shining a spotlight on the actions of the Federal Reserve, more and more pressure is bearing down on Congress to take action and demand accountability and transparency.

Auditing the Fed is only the first step towards exposing this antiquated insider-run creature to the powerful forces of free-market competition. Once there are viable alternatives to the monopolistic fiat dollar, the Federal Reserve will have to become honest and transparent if it wants to remain in business.

http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/

Biggest Liars
The biggest liars are the ones making the most money on our planet
Privately Owned!

Lewis v. United States, 680 F.2d 1239 (1982)

John L. Lewis, Plaintiff/Appellant,

v.

United States of America, Defendant/Appellee.



The court ruled that the Federal Reserve Banks are "independent, privately
owned and locally controlled corporations
", and there is not sufficient
"federal government control over 'detailed physical performance' and 'day to day
operation'" of the Federal Reserve Bank for it to be considered a federal
agency:





Federal reserve banks are not federal instrumentalities for purposes of a
Federal Tort Claims Act, but are independent, privately owned and locally
controlled corporations in light of fact that direct supervision and control of
each bank is exercised by board of directors, federal reserve banks, though
heavily regulated, are locally controlled by their member banks, banks are
listed neither as "wholly owned" government corporations nor as "mixed
ownership" corporations; federal reserve banks receive no appropriated funds
from Congress and the banks are empowered to sue and be sued in their own names.
. . .

 

Ron Paul

“I am very, very confident that the message of freedom and limited government and non-interventionist foreign policy is the right way to go, and I think people like to hear that,” Paul said.

A retired obstetrician, Paul practices what he preaches.
He refuses his
congressional pension and didn’t allow his five children to take federal student
loans.

Transparency a must

Transparency a must for Federal Reserve

Jon Kovaciny, Mankato

I strongly urge our senators, Al Franken and Amy Klobuchar, to follow the lead of Rep. Tim Walz in co-sponsoring a bill requiring more transparency for the Federal Reserve, our nation’s central bank.

The Fed, under chairman Ben Bernanke, played a significant role in engineering and executing the bailouts. Hundreds of billions of dollars were created and doled out to various banks, financial firms, and even foreign central banks, yet we have no legal way of seeing who or how much. The Fed also creates new money to secretly purchase assets on the open market.

This remarkable power is not something that one would expect to find in a representative government; indeed, the Federal Reserve is technically not part of government but rather a private banking cartel given special powers by Congress in 1913, under pressure from the banking industry. In its 96-year history, the Federal Reserve has never been subjected to a full audit of its operations.

Last May, Walz co-sponsored H.R. 1207, the Federal Reserve Transparency Act of 2009. Since that time, support for the bill has grown to include 73 percent of the House. A recent Rasmussen poll found that 79 percent of Americans support a full audit. It is time for Franken and Klobuchar to co-sponsor the Senate version of the bill, S. 604.

Among the Fed’s stated goals are economic and monetary stability. Under the Fed, we’ve endured more than a dozen recessions and the Great Depression, and today’s dollar has less than a 20th of a 1913 dollar’s purchasing power. For an institution with so much unchecked power and such a dismal record, transparency is a must.

Accountability

Contact the white house, your Congressmen and Senators!

Tell our elected representatives in Washington DC to stop spending our future away liking drunken sailors!

Tell them we want Full Accountability from the Federal Reserve, Where have trillions of our tax dollars gone and why?

Tell Them we are done paying billions of dollars per year to the Federal Reserve banking cartel in interest on our own damn money!!!

War on the dollar

U.S. federal reserve chief Benjamin Bernanke has declared war on the dollar.

"The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost."

— Benjamin S. Bernanke,
Chairman, U.S. Federal Reserve

Word Cloud
Indefensible

It is primarily the FED (and government) who got us in this mess, and make no mistake it's going to get much worse. The lengths people go to defend the FED is just pathetic. The notion that the people don't have the right to know where their hard earned money goes is an indefensible stand to take. It defies reason. Most people who take this stand either don't understand the FED or have an agenda.

Jefferson_ETF
Global Warming Fraud

Man-made global warming fraud highlights:

1. Prominent environmental scientists organize a boycott of scientific journals if those journals publish scholarly material from global warming dissidents.

2. The scientists then orchestrate attacks on the dissidents because of their lack of scholarly material published in scientific journals.

3. The scientists block from the UN’s report on global warming evidence that is harmful to the anthropogenic global warming consensus.

4. The scientists, when faced with a freedom of information act request for their correspondence and data, delete the correspondence and data lest it be used against them.

5. The scientists fabricate data when their data fails to prove the earth is warming. In fact, in more than one case, scientists engaged in lengthy emails on how to insert additional made up data that would in turn cause their claims to stand out as legitimate.

We’re dealing with fabricated and deleted data, and an orchestrated effort to undermine global warming dissidents. Faked data in particular is a big deal: many politicians are using eco-alarmism based on fear of global warming to assault American freedoms.

What does it mean for America if it turns out that a few scientists at the
top were actively involved in scientific fraud
to promote their own agendas?

No Evidence!

"There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the Earth's atmosphere and disruption of the Earth's climate. Moreover, there is substantial scientific evidence that increases in atmospheric carbon dioxide produce many beneficial effects upon the natural plant and animal environments of the Earth."

“Climategate”

"Climategate" investigation, the stakes in the e-mail controversy are significant, "as it appears that the basis of federal programs, pending EPA rule makings and cap and trade legislation was contrived and fabricated."

12 of the 26 scientists who wrote the relevant section of a U.N. global warming report are "up to their necks in ClimateGate."

The professional association for physicists APS is facing internal pressure from some of its most distinguished members, who say the burgeoning ClimateGate scandal means the group should rescind its 2007 statement declaring that global warming represents a dire international emergency.

"By now everyone has heard of what has come to be known as ClimateGate, which was and is an international scientific fraud, the worst any of us have seen...

People do not believe

Public awareness reached a new high in the summer of 2006 with the publicity around Al Gore’s “An Inconvenient Truth.”

The Pew Center for People and the Press conducted a telephone survey of 1,501 adults between June 14 and June 19, 2006, a period timed to coincide with the high point of the media’s interest in Gore’s movie. By far the biggest finding was that the movie had done virtually nothing to increase the saliency of global warming among voters.

Pew researchers noted that “out of a list of 19 issues, Republicans rank global warming 19th and Democrats and Independents rank it 13th.” By January 2007, global warming’s relative importance actually declined to 21st out of 21 issues for Republicans, 17th out of 21 issues for Democrats, and 19th out of 21 issues for independents.

Three Things

Three Things You Absolutely Must Know About Climategate!

They’re calling it “Climategate.” The scandal that the suffix –gate implies is the state of climate science over the past decade or so revealed by a thousand or so emails, documents, and computer code sets between various prominent scientists released following a leak from the Climate Research Unit (CRU) at the University of East Anglia in the UK.

This may seem obscure, but the science involved is being used to justify the diversion of literally trillions of dollars of the world’s wealth in order to reduce greenhouse gas emissions by phasing out fossil fuels. The CRU is the Pentagon of global warming science, and these documents are its Pentagon Papers.
Here are three things everyone should know about the Climategate Papers. Links are provided so that the full context of every quote can be seen by anyone interested.

First, the scientists discuss manipulating data to get their preferred results.

Secondly, scientists on several occasions discussed methods of subverting the scientific peer review process to ensure that skeptical papers had no access to publication.

Finally, the scientists worked to circumvent the Freedom of Information process of the United Kingdom.

Peer Review

Data fabrication and algorithm manipulation are not the only important issues here.

The travesty is that they were peer-reviewing each other's work! They had control of their own process. It was a closed-loop system comprised of several dozen researchers in an incestuous, self-affirming academic relationship.

Embarrassing

Embarrassing isn't it?

Show us a single piece of evidence that man's CO2 is causing warming.

Give us the page number in the IPCC reports that give such evidence.

Climategate will go down as unmasking the biggest science scandal of this century.

CO2

There are many pressing pollution problems that are real issues that should be solved first.

Isn’t it also true that there were equally dire predictions of global cooling only 35 years ago?

Isn’t it further true that these all-knowing climatologists can’t predict a season of hurricanes, drought, or snowstorms, or for that matter an accurate weather forecast for more than 10 days, except in a Southern California summer?

After all, climatology is little more than a soft-science duded up in jargon, self-made computer wizardry, and political pomp?

No, the science is not settled. What is settled is the AGW blind adherence to a very unscientific approach to natural phenomena. Since when are scientific principles and conclusions settled by consensus?

If these self-important Wizards continue their path, they will be routed out and forced into an honest living selling pencils & begging for spare change on the corner. Their hot air is the problem.

Copenhagen

The last thing America needs is misguided legislation that will raise
taxes and cost jobs — particularly when the push for such legislation rests on agenda-driven science.

Without trustworthy science and with so much at stake,
Americans should be wary about what comes out of this politicized conference.



--
Sarah Palin

Elites words

Here are the words of the elites, admitting they contrived this:

On manipulating America with environmental issues:
“The common enemy of humanity is man. In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. …The real enemy then is humanity itself. Democracy is no longer well suited for the tasks ahead.”

– Richard Haass, Club of Rome Document, 1991 p. 71,75 1993

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About time

The Climategate e-mail release is a watershed moment in the history of hoaxes. But while it reveals just the tip of the fraudulent climate change iceberg, it is also at long last a victory for those who wish to be good stewards of the planet's environment without crippling human productivity.

It is time for a constructive debate about how to maintain the global economy in a responsible way that honors the planet and the needs of the people who live on it.

Scientific Consensus

In late 2009, the credibility of the United Nations Intergovernmental Panel on Climate Change (IPCC) took a serious hit when email exchanges between some of its senior authors and editors revealed deliberate efforts to falsify data and silence dissenting scientists. The IPCC's reputation was already waning in the wake of scandals concerning Michael Mann's "hockey stick" temperature diagram and the role of government officials and environmental activists in its so-called "peer review" process. The IPCC Email Scandal of November 2009 meant the IPCC could no longer claim to represent the "scientific consensus" on global warming.

Emails exchanged by Phil Jones and other leading scientists who edit and control the content of the reports of the Intergovernmental Panel on Climate Change reveal a conspiracy to falsify the actual temperature record and silence so-called "skeptics." Anyone who continues to cite the IPCC as representing the "consensus" on global warming is wrong. The IPCC has been totally discredited.

Prove It

It is not the responsibility of ‘climate realist’ scientists to prove that dangerous human-caused climate change is not happening. Rather, it is those who propose that it is, and promote the allocation of massive investments to solve the supposed ‘problem’, who have the obligation to convincingly demonstrate that recent climate change is not of mostly natural origin and, if we do nothing, catastrophic change will ensue. To date, this they have utterly failed to do.