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Tag Archives: Congress

The “Audit the Fed” bill currently in Congress has the central bank scared

By far the most secret and least accountable operation of the federal government is not, as one might expect, the CIA, DIA, or some other super-secret intelligence agency. The CIA and other intelligence operations are under control of the Congress. They are accountable: a Congressional committee supervises these operations, controls their budgets, and is informed of their covert activities. It is true that the committee hearings and activities are closed to the public; but at least the people’s representatives in Congress insure some accountability for these secret agencies.
It is little known, however, that there is a federal agency that tops the others in secrecy by a country mile. The Federal Reserve System is accountable to no one; it has no budget; it is subject to no audit; and no Congressional committee knows of, or can truly supervise, its operations. The Federal Reserve, virtually in total control of the nation’s vital monetary system, is accountable to nobody – and this strange situation, if acknowledged at all, is invariably trumpeted as a virtue. – Murray N. Rothbard from The Case Against the Fed

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The GOP led effort in the House and Senate to legalize hemp nationwide

Hemp for those who don’t know is the male of the cannabis plant. The female plant is what contains THC, the substance that gets one high. Hemp is just an amazing industrial product.

If one has ever had a shirt or a piece of rope made from hemp one is struck by its durability. Much more durable than cotton for instance. It is tough but also soft. It has a million uses, from paper to building material. However for years the drug war (not to say cotton producers and producers of chemical based products such as Nylon) have gotten in the way of the legal cultivation of this very useful plant.

Perhaps no longer.

There was a time when this country was filled with hemp fields. In fact at one point in early colonial America it was actually against the law NOT to grow hemp because it was so useful.

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Senator Feinstein’s husband stands to profit big from government deal

Boy is it good to have a spouse in the Senate. Even better if one is in the commercial real estate business like Richard Blum, Diane Feinstien’s husband, is.

Seems Mr. Blum’s company CBRE  just happens to be the sole real estate agent for a batch of now defunct post offices Congress has authorized the sale of. As we reported before many of these old post offices sit on prime real estate.

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Keystone: A way for the GOP and the Democrats to “milk” for contributions

Our friend Peter Schweizer coined the term “milker bill”. (We believe.)

Basically a milker bill is one which floats around Congress which may or may not see the light of day, but does potentially impact a company, industry, or other special interest. So long as the bill is out there interests seek to buy “insurance” by supporting the members of Congress on their side. The longer the bill is bumping around the more money Congress can extract.

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