The Federal Reserve caused the current economic crisis by suppressing interest rates and creating the housing bubble, Texas Congressman Ron Paul, Euro Pacific Capital president Peter Schiff, and others have charged. And now there’s  finally been enough political push-back for the damage the Federal Reserve has wreaked that  the Fed will be hiring a lobbyist.

The Federal Reserve’s choice of lobbyist is Johns Hopkins University Vice President Linda Robertson, who serves in a public relations role at the medical school. Robertson served as an aide on Capitol Hill in the House of Representatives. She served throughout the Clinton administration as a senior advisor to three treasury secretaries, and won the Treasury Department’s highest award, the Alexander Hamilton award. Her partisan service in the Clinton administration could be a sign that the Fed will tie its future to the Democratic Party, which is currently in charge of both legislative chambers of Congress and the White House.

Robertson has experience lobbying for another Ponzi scheme besides the Federal Reserve, but it is not something she'd likely want to boast about. Bloomberg.com reveals that she “headed the Washington lobbying office of Enron Corp., the energy trading company that collapsed in 2002 after an accounting scandal.” Not surprisingly, Robertson's Johns Hopkins biography omits her lobbying efforts on behalf of Enron.

Could the Fed be anticipating an Enron-style collapse? The political tides seem to favor a political debacle for the Fed, and even some former Fed officials are realizing it. “Some members of Congress think there are votes in attacking the Fed” after it “unnecessarily and unwisely entangled monetary policy with fiscal policy,” former St. Louis Fed President William Poole told Bloomberg.com.

A big part of that political tide is the Ron Paul revolution, which put the Fed into a deservedly unfavorable spotlight. The Texas congressman and former presidential candidate accurately anticipated the current economic mess and laid the blame on the Fed. And in a year that saw Republicans rejected coast to coast, Dr. Paul easily won reelection in 2008 from his suburban Houston district. Author Tom Woods, in his recent book Meltdown, heavily focused on the role the Fed played in the current economic recession, and his book shot up the New York Times bestseller list.  Meanwhile, the Ron Paul movement may be spreading politically. His son, Dr. Rand Paul, and his presidential campaign’s economic advisor, Peter Schiff, have formed U.S. Senate exploratory campaigns in Kentucky and Connecticut, respectively.

Analysis in major television and Internet media by Rep. Paul’s adviser Peter Schiff in particular have put the Fed in a poor light, and the incredibly accurate analysis by Schiff led to more media exposure after the economic crisis began. He’s expected to appear on Comedy Central’s Daily Show this week (Tuesday, June 9). That’s bad news for the Fed, but it may not be the end of the bad news for the recession-causing body. Rep. Ron Paul’s upcoming book End the Fed (due out in September) is likely to become a New York Times bestseller, just like his The Revolution: A Manifesto last year.

The real issue about the Federal Reserve Bank hiring a lobbyist is corruption. A federally chartered agency should not be using money to hire lobbyists to influence Congress. By federal law (and by the Federal Reserve’s own account), all profits from the Federal Reserve are supposed to return to the U.S. Treasury (i.e., the taxpayers). Hiring a lobbyist robs the taxpayers of those dollars and corruptly uses taxpayer dollars to lobby directly against taxpayer interests. Congress should investigate the propriety of this action.

(Hat tip for this story: LewRockwell.com’s invaluable blog)

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Cade Foster said:

	A new way ? Now that we have seen the Obama/Bush follies, how about the following for 2012 ... US President: Ron Paul US Vice-President: Andrew P. Napolitano US Treasury: Peter Schiff .
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June 08, 2009
Votes: +27

Gail said:

	... That ticket looks great to me!!
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June 08, 2009
Votes: +5

zambraneista said:

	Fed Up! Wow, people are waking up!! The corruption for a few is misery for many, get educated on this subject. Fiat currency has created a fiat world. We deserve better than this. My only problems are the elite bankers that for a 100 years have been lurking in the shadows and who control government...
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June 08, 2009
Votes: +8

Terry Conspiracy said:

Wake up ! That is not your alarm clock, it's the burgler alarm ! It seems that agents of the Rothschilds have been manipulating the course of development for the New World almost since it's discovery. They have had complete control of America's currency since Dec.23, 1913, & this means that the dollars in your pocket (that represent more debt than value) do not belong to you. They do not even belong to your government. They belong to the owners of the Federal Reserve. They belong to the Rothschilds. The Rothschilds have full control of all the money, & anything else of long term value, not just in America, but globally. The game is rigged. The dice are loaded, & the Rothschild team of Banksters are raking it all in again. Total control over our present system of government is no longer good enough for these invisible Kings of our World. For some reason, they are closing down this planet's entire financial system & replacing it with their vision of a New World Order. For better or worse, it is a One World government & One World currency that is in our short term future if they succeed. Ron Paul's "Audit the Fed" bill will be the front line in the Info Wars. They control the MSM & we have free movement on the internet. They are afraid of the internet. Blogging was in it's infancy & You Tube did not even exist when they set their plans into motion. Now it is too late for them to control the net, it is our turf, & we know how to use it. I predict that if they do not find a way of closing it down, they will be exposed & defeated. Think "Wizard of Oz" exposed by Toto. If we can pull back the curtain & see the Rothschilds & their Banksters for who they really are, their powers of "Shock & Aw" will be seen as illusion. Exposure for them leads to freedom for us ! I know, & I am telling everyone. Info Wars !

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June 08, 2009
Votes: +10

kmacc said:

	... Peter Schiff has not officially started any exploratory committee for the Senate race in Connecticut. There is an effort to "draft" him to run, and he is considering it. However, he has not made any official announcements either way as of this time.
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June 09, 2009
Votes: +2

David Leeman said:

	Re: A New Way You can't put Judge Napolitno on the ticket, we need him for the Supreme Court.
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June 09, 2009
Votes: +4

Jupiter said:

	The 2012 Ticket Ron Paul: President Lew Rockwell: Vice-President Peter Schiff: Secretary of the Treasury Tom Woods: National Economic Advisor Karen Kwiatkowski: Defense Secretary Judge Napolitano: Attorney General (until a Supreme Court nomination comes up) Secretary of State: Bill Bonner (he seems to enjoy travelling) Rand Paul: Senator for Kentucky
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June 09, 2009
Votes: +5

Jupiter said:

The 2012 Ticket (Again) The 2012 Ticket Ron Paul: President Lew Rockwell: Vice-President Peter Schiff: Secretary of the Treasury Tom Woods: National Economic Adviser Karen Kwiatkowski: Defense Secretary Judge Napolitano: Attorney General (until a Supreme Court nomination comes up) Secretary of State: Bill Bonner (he seems to enjoy travelling) Ray McGovern: National Security Adviser Glenn Greenwald: Solicitor General Rand Paul: Senator for Kentucky

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June 09, 2009
Votes: +3

jojo said:

	WHY WAIT WHY WAIT UNTIL 2012//IS THERE ANY WAY TO RECALL A PRSIDENT BEFORE THE END OF HIS TERM?...MAYBE A PETITION OR SOMETHING..THE WAY THE THINGS ARE GOING, WHO KNOW WHAT WILL BE TO GOVERN IN 2012
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June 09, 2009
Votes: +3

Dave Redick said:

	Pres. for 2012 On July 4, 2009, Dave Redick will announce his campaign for President as a Reform Republican (Libertarian Conservative style). See his message at www.forward-usa.org. Comments?
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June 09, 2009 | url
Votes: +0

Josh said:

The revolution will not stop. EVER. Dr. Paul will continue to receive my regular monthly donations and my time. The man is a national treasure and a shining example of what a true freedom fighter in opposition to oppressive thieving coercive murderous government should be. Eyes are opening, but many are still shut. Visit Lewrockwell.com and Mises.org to learn the truth about the economic situation. Down with the one party welfare warfare state!

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June 09, 2009
Votes: +5

GPA said:

It 's not like this is a new thing. The late Aaron Russo spelled it all out in "From Freedom to Fascism" before his death, that the ratification of the Fed Act in 1913 was in fact an illegal act. Leaving out one of the newest states of the Union at the time should have nullified the vote. The most important thing that anyone can do is to.....FOLLOW THE MONEY. More people can help by just exposing the money trail. When ever it’s done, we somehow get results. Now if we could only charge the Media with unlawful manipulation of the people then we will have real change.

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June 10, 2009
Votes: +3

Jeremy Esposito said:

	Dead Link Great article, but FED link is dead. Get it here. http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5
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June 10, 2009
Votes: +0

Freedom said:

	Federal Reserve and the Daily News I never had much interest in politics until just before the 2008 election. Politics have taken on a whole new interest now. I just can't wait until tomorrow to read the news. Awesome!! Exciting!!! I never know what I will learn when I open my browser.
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June 10, 2009
Votes: +1