The Tonka Report

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Archive for July 2nd, 2010

Audit The Fed Bill Torpedoed After 122 ‘Co-Sponsors’ Jump Ship!

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June 2, 2010: Infowars Editors / The Alex Jones Channel – July 2, 2010

Ron Paul’s attempt to audit the Federal Reserve (HR 1207), which was previously co-sponsored by 320 members of the House, failed by a vote of 229-198. All Republicans voted in favor of the measure with 23 Democrats crossing the aisle to vote with Republicans. 122 co-sponsors of HR 1207, all Democrats, jumped ship and voted against the measure.

The GOP had offered the Fed audit as the minority’s last chance to alter the financial regulation bill. The bill does have a watered-down audit provision in the conference report, but it is limited to loans made by the Fed during the height of the economic crisis. Ron Paul’s bill would have allowed a total examination of the Fed’s books. (See videos below)

The following article has been added to this by The Tonka Report from Lew Rockwell on July 1, 2010…

Audit-the-Fed Goes Down, 229-198

This is no surprise. Neither party wants to audit the counterfeiting enterprise that is at the dark heart of the regime. The Republicans voted for it only for partisan reasons. When they are in power, the bill will never even come up. But here is the victory: through this device Ron Paul has added many more people to the vast numbers he has educated on the true nature of the central bank. The only victory that matters is in the hearts and minds of the people; good will never come from the top down. Ron Paul has advanced the cause of truth by a huge margin where it counts: educationally. We are being ripped off through inflation, business cycles, and redistribution, and through the corporatism and wars the Fed makes possible. That is Ron Paul’s lesson, and the reason we must End the Fed. See also his reading list.




The Tonka Report Editor’s Note: Every elected servant to the people who voted against this bill, especially those former co-sponsors, need to be impeached immediately and charged with treason– SJH

Link to original article below…

Obama Approves Illegal US Sanctions Against NNPT Signatory Iran

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July 2, 2010: AFP Editors / America Free Press (AFP) via Raw Story – July 1, 2010

President Barack Obama warned Iran Thursday it faced mounting pressure and isolation, as he signed tough new US sanctions he said would strike at Tehran’s capacity to finance its nuclear program.

The measures, on top of new UN Security Council and European sanctions, aim to choke off Iran’s access to imports of refined petroleum products like gasoline and jet fuel and curb its access to the international banking system.

“With these sanctions — along with others — we are striking at the heart of the Iranian government’s ability to fund and develop its nuclear programs,” Obama said at a White House ceremony, before signing the sanctions into law.

“We are showing the Iranian government that its actions have consequences, and if it persists, the pressure will continue to mount, and its isolation will continue to deepen. There should be no doubt — the United States and the international community are determined to prevent Iran from acquiring nuclear weapons.”

The US Senate and House of Representatives approved the legislation — which backers described as the toughest ever unilateral US sanctions against the Islamic Republic — by crushing 99-0 and 408-8 margins last week. The United States spent months assembling an international coalition for new United Nations Security Council sanctions on Iran, which passed last month.

The measures, the fourth such set of UN penalties levied on Iran, are meant to punish Tehran for refusing to halt its uranium enrichment work, the most sensitive part of its atomic drive. In response, Iranian President Mahmoud Ahmadinejad said Monday he would postpone nuclear talks as a “penalty” to world powers as a result of the latest UN sanctions. The new US sanctions are effectively designed to force foreign firms to chose whether to do business with Iran or the United States.

The law shuts US markets to firms that provide Iran with refined petroleum products that the oil-rich nation must import to meet demand because of a weak domestic refining capability. It also takes aim at firms that invest in Iran’s energy sector, including non-US companies that provide financing, insurance, or shipping services. It could also see non-US banks doing business with certain blacklisted Iranian entities — including Iran’s elite Islamic Revolutionary Guard Corps and several banks — shut out of the US financial system.

Obama noted that Iran had spurned the offer of dialogue that he had made last year on coming to office. “To date, Iran has chosen the path of defiance,” he said. “That is why we have steadily built a broader and deeper coalition of nations to pressure the Iranian government.”

World powers led by Washington have accused the Islamic Republic of seeking to build nuclear weapons and demanding it freeze its uranium enrichment activity, which can be a key step towards developing an atomic arsenal. Iran denies its nuclear program has a military use.

“The government of Iran still has a choice,” Obama said in the prepared remarks. “The door to diplomacy remains open. Iran can prove that its intentions are peaceful. It can meet its obligations under the (Nuclear Non Proliferation Treaty) and achieve the security and prosperity worthy of a great nation.”

The Tonka Report Editor’s Note: I defer comment to Michael Rivero of

“Memo to President Obama and the US Congress: Iran is developing a power station! Nothing more; nothing less. Iran, as a member of the NNPT, has the right to develop nuclear power for peaceful purposes, such as developing nuclear energy.

“As a signatory to the NNPT, Iran has had its nuclear facilities rigorously inspected by the IAEA. To date (at least, until the UN slapped sanctions against Iran for having conducted its nuclear program by the book), no nuclear material has been found to have gone missing, and the enrichment performed has only been enough for isotopes for medical use, which is a 20% enrichment. Weapons grade enrichment would require over a 90% enrichment. Israel, on the other hand, which does have nuclear weapons, refuses to sign the NNPT, or to have their nuclear facilities inspected.

“The US is forbidden by law (the Symington Amendment, among others) to send any aid or money to any country which possesses nuclear weapons, but refuses to sign the NNPT. The US sends Israel billions of dollars illegally every year. This colossal double standard of the US having sanctioned Iran, which does not have nuclear weapons, and yet continuing to fund Israel illegally, which does have nuclear weapons, is truly amazing.” – Michael Rivero

Not to mention it’s an act of war against the sovereign nation of Iran! Do WMD’s in Iraq sound familiar? – SJH

Link to original article below…