In a very telling move, Newt Gingrich has apparently decided that he stands a much better chance of winning the GOP nomination for 2012 if he acts like Congressman Ron Paul.
As documented by Conor Friedersdorf at The Atlantic, Gingrich is going after the Federal Reserve.
The former speaker of the house is to make a push to fully audit the Fed a cornerstone of his campaign.
Gingrich, due to address the Atlanta Press Club today, will tell the audience that he believes the Fed should be stripped of its banking powers so that it is focused entirely on protecting the value of the dollar.
Gingrich outlined the move during a recent appearance on the Hugh Hewitt radio show:
Newt Gingrich: Well, on Wednesday, I’m going to be at the Atlanta Press Club, and I’m going to give a speech in which I outline both the need to audit the Federal Reserve, because we have, as Americans, we have every right to ask who got our money, and you’re talking about hundreds of billions of dollars. And I’m going to call for a reform of the Federal Reserve, to take the banking powers away from it, and return it to a single job, which is the duty to protect the value of the dollar. And finally, I’m going to talk about the need to repeal the Dodd-Frank bill, which is a very destructive bill, which is killing small banks, killing small business, and crippling the economic recovery.Sounds familiar, right?
The interview continued…
Hugh Hewitt: Now in terms of what you expect to find when the audit is done of the Federal Reserve, you don’t believe there’s anything sinister at work there, do you?
Newt Gingrich: Well no, I don’t know what you mean by sinister. I mean, do I think that out of hundreds of billions of dollars, some of which went to the Libyan National Bank, a country we’re currently bombing, that there’s a lot of questions that will come up? You betcha.
Hugh Hewitt: Yeah, but usually, when I get calls from people who want to talk about the Federal Reserve, in about five seconds, they’re going to start telling me the Jews are running it.
And so I know you know that that fringe element exists out there, and this is not what you’re concerned about. You’re concerned about crony capitalism.
Newt Gingrich: Well you know, the Federal Reserve uses that kind of argument to say nobody should ever ask it an intelligent question. The fact you have some people who have extreme views doesn’t mean that the questions aren’t legitimate. I would ask a simple question. Under what standard, and this goes back to my book, A Nation Like No Other, under what standard did the founding fathers, would you have hundreds of billions of dollars controlled by one person who owes no accountability to anybody? I mean, that is a bizarre model. The Federal Reserve wasn’t set up to bail out banks and to cut deals, and to hang out with people in New York City. The Federal Reserve was set up to maintain the value of the dollar… We have an agency which is supposed to be an elitist agency, protecting the value of the dollar, which uses its elitism as an excuse to avoid being held accountable.Gingrich also referred to the over reach of the Fed last week in remarks to the Republican Leadership Conference.
He is also about to embark on a “gold standard tour” of Iowa, calling for a reintroduction of the gold standard to government spending. Ron Paul has not been invited to join this bus tour by the GOP organisers, which in itself should set alarm bells ringing, given that the Congressman has been pushing for this very issue since the early 1980s, while establishment figures such as Gingrich have been laughing at him and calling him crazy for decades.
The difference between Gingrich and Ron Paul is of course the fact that Ron Paul has held a steadfast position for over thirty years and has a voting record to match. Gingrich, on the other hand, loves to flip flop around, literally from week to week.
It is especially strange to see Gingrich shifting towards a Tea Party like position, given that just a few months ago he was referring to it as a “militant wing of the Republican Party”.
One is left asking what exactly does Newt Gingrich stand for?
In no sense of the word is Newt Gingrich a “conservative” or even a traditional Republican. He was a fellow at the neocon criminal organizations the American Enterprise Institute and the Hoover Institution. During the Bush regime he sat on the Pentagon’s Defense Policy Board with fellow neocon Richard Perle and representatives of the death merchants Bechtel, Boeing, TRW, Northrop Grumman, Lockheed Martin and Booz Allen Hamilton. Rockefeller minion Henry Kissinger was also a member during the Bush years.
He was also a “distinguished” advisor at the Foundation for the Defense of Democracies, another neocon think tank that is closely linked with the National Endowment for Democracy, an organization that does today what was done covertly 25 years ago by the CIA, as one of its founders, Allen Weinstein, admitted in 2000. In short, NED overthrows governments in disfavor by the elite and organizes color revolutions designed to replace democratic elections.
The Foundation for the Defense of Democracies (an Orwellian name if ever there was one) is a virtual rat hole of neocons including former CIA director James Woolsey, the senator from Israel, Joe Lieberman, Gary Bauer, Frank Gaffney, Bill Kristol, Charles Krauthammer, Walid Phares, and a scattering of like-minded Democrats such as the gun-grabber Frank Lautenberg and Chuckie Schumer.
Gingrich is reputed to be a member of the Council on Foreign Relations and to have ties to the Manhattan Institute for Policy Research (founded by the late William J. Casey, Reagan’s CIA director who was largely responsible for creating the Afghan Mujihadeen that would later become the CIA asset al-Qaeda).
Newt has also attended Bohemian Grove where he rubbed elbows with occultists and male prostitutes. Newt has said he is not associated with worshipers of the Canaanite owl of Bohemia but he is a demonstrated liar (his photo appears on the pages of the Annals of the Bohemian Club).
Of course, as we have highlighted recently, almost all of the Republican candidates have mimicked Ron Paul’s populist rhetoric and his stand point on issues like the federal reserve, Obamacare, and getting government out of people’s business. But they are wolves in sheep’s clothing and just like Obama’s promises of transparency and hope evaporated almost instantaneously, neo-cons like Gingrich, Mitt Romney and the rest of the field will do nothing to affect real change.