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Ron Paul Calls Out Herman Cain For Lie Over Fed Audit During GOP Debate

October 12, 2011
Huffington Post

Ron Paul speaks … Herman Cain LIES!!!

“Mr. Cain, in the past you have been rather critical of any of us who would want to audit the Fed. You have said — you’ve used pretty strong terms, that we were ignorant and that we didn’t know what we are doing, and therefore, there was no need for an audit anyway, because if you had one, you’re not going to find out anything, because everybody knows everything about the Fed,” Paul said.

“But now that we have found and we have gotten an audit, we have found out an awful lot on how special businesses get bailed out — Wall Street, the banks, and special companies, foreign governments. And you said that you advise those of us who were concerned, and you belittled — you say call up the Federal Reserve and just ask them. … Do you still stick by this, that that this is frivolous, or do you think it’s very important? Sixty-four percent of the American people want a full audit of the Fed on a regular basis.”

Cain said that, in fact, he didn’t oppose an audit, and that when he served on the Fed it was a different institution.

“You have misquoted me. I did not call you or any of your people ignorant. I don’t know where that came from,” he said. “You’ve gotta be careful of the stuff you get off the Internet.”

However …..

Herman Cain, 12/29/2010

3 Comments leave one →
  1. Anonymous permalink
    October 17, 2011 2:29 pm

    He said he would never oppose to anyone who wants to audit the Fed, yet still hasn’t said he would do it himself. And the fact that he praises Alan Greenspan should be enough reason to not vote for him.

  2. October 12, 2011 1:24 pm

    Up to this point, I have been very impressed with Mr. Cain. But, his pooh-poohing calls to audit the fed is, indeed, very…sobering, to say the very least. I’d like to hear more from him and Ron Paul on this before withdrawing my strong support of Mr. Cain.

  3. olde reb permalink
    October 12, 2011 11:49 am

    Mr. Cain’s KC Fed is a check clearing facility. The nefarious FRBNY handled the $8.4 trillion from the Treasury securities auctions which it hid from Congress. How much of that was profit improperly denied the government and a crime of 5 years per auction cannot be determined without an audit. Ref. CRIMES OF THE FEDERAL RESERVE, and RIP OFF BY THE FEDERAL RESERVE,

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