#TinFoilTuesday – Did Rand Paul Support Iran Sanctions as Part of a Secret Plan to Trap The US Federal Reserve?July 24th, 2012
Could Senator Rand Paul’s vote for sanctions against Iran– unpopular with many libertarians and supporters of his father, Ron Paul– be part of a secret plan to trap the US Federal Reserve?
Do some study on that sanction amendment Sen. Paul voted for. It was a sanction of Iran’s central bank. The summary on the roll call page at Senate.gov says: “To require the imposition of sanctions with respect to the financial sector of Iran, including the Central Bank of Iran.”
Here’s some language from the amendment:
(3) On November 22, 2011, the Under Secretary of the Treasury for Terrorism and Financial Intelligence, David Cohen, wrote, “Treasury is calling out the entire Iranian banking sector, including the Central Bank of Iran, as posing terrorist financing, proliferation financing, and money laundering risks for the global financial system.”.
(b) Designation of Financial Sector of Iran as of Primary Money Laundering Concern.–The financial sector of Iran, including the Central Bank of Iran, is designated as of primary money laundering concern for purposes of section 5318A of title 31, United States Code, because of the threat to government and financial institutions resulting from the illicit activities of the Government of Iran, including its pursuit of nuclear weapons, support for international terrorism, and efforts to deceive responsible financial institutions and evade sanctions.
(1) IN GENERAL.–Except as specifically provided in this subsection, beginning on the date that is 60 days after the date of the enactment of this Act, the President–
(A) shall prohibit the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that the President determines has knowingly conducted or facilitated any significant financial transaction with the Central Bank of Iran or another Iranian financial institution designated by the Secretary of the Treasury for the imposition of sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.); and
(B) may impose sanctions pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with respect to the Central Bank of Iran.
With the movement for Fed Transparency constantly advancing, what if Rand Paul is thinking several steps ahead, like in a game of chess? Could the Kentucky Senator be hoping that the Federal Reserve, whose lending activities to foreign central banks is done in secret, might now be conducting financial business with Iran’s banking sector in violation of US law because of the passage of this amendment? Could he be betting his vote on the growing possibility of a full, public Fed audit sometime in the next decade? If an audit did happen, and the American people discovered that the Federal Reserve has been criminally lending money to the central bank of Iran, public opinion on the Fed could turn very hostile.
Never mind that with the limited, one-time, Dodd-Frank audit, we learned that the Fed secretly wrecked our dollar to the tune of trillions in order to bail out irresponsible, big American banks and foreign central banks. For some reason the American citizen’s gluttony for taxation and economic punishment can never be sated. The harder we’re punished, the more we holler for. The more brazenly we’re robbed, the less interested we seem to be in the story. But Rand Paul seems to understand how critically powerful our foreign policy hangups can be as a weapon for shaping public opinion. That’s why his rhetoric on foreign policy is so mellow compared to his father’s, which in turn, is why party talking heads say nicer things about Rand Paul. He may even be viable for a presidential nomination.
Could the younger Paul be craftily setting the stage to potentially use association with Iran as a weapon to turn public opinion against the Fed and push for major reforms to diminish its role or open it up to free competition? It’s what doctrinaire neoconservatives have been doing to Rand’s father for the entire duration of his explosion onto the national scene from 2007 to the present– associating him and his ideas with Iran, a bogeyman they’ve built up in the minds of so many Americans on both sides of the partisan aisle.
A plan like this is also very much Rand Paul’s style, even a little like the elder Paul’s style, whose approach tends to be political, strategic, stealthy, long-term, and sometimes counter-intuitive at first glance.
Hat tip: Matt Collins
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