Tag: audit the Fed
Audit the Fed recently took a step closer to becoming law, when it was favorably reported by the House Committee on Oversight and Government Reform. Fed defenders did launch hysterical attacks on the bill during the debate as well as at a hearing on the bill. One representative claimed that auditing the Fed would result in rising interest rates, a stock market crash, a decline in the dollar’s value, and a complete loss of confidence in the US economy. Those who understand economics know that all of this is actually what awaits America unless we change our monetary policy.
Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. Despite this poor track record, Fed apologists still claim the American people benefit from the Federal Reserve System. But, if that were the case, why wouldn’t they welcome the opportunity to let the American people know more about monetary policy? Why is the Fed acting like it has something to hide if it has nothing to fear from an audit? The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit — and then end — the Fed.
A German federal court has said that country’s central bank should conduct annual audits and physically inspect its gold reservesworldwide, including gold in the custody of the Federal Reserve Bank of New York. In addition to the FRBNY, Bundesbank gold is stored in London, Paris and Frankfurt.
By Sartre Batr (Veterans Today) The supreme illicit fraud of central banking embodied in the Federal Reserve, acts as a private piggybank for favored cartel thieves. The liquidity of unlimited credit transfers to banksters, especially at zero interest, financed by unimaginable new Treasury Bonds, indebting the American public; is a crime committed by outlaws. The significance […]
The Federal Reserve Bank was started in 1913 by an act of Congress – but not really. Congress allowed the creation of the Fed, but the Federal Reserve Act of 1913 wasn’t drafted by Congress. It was drafted under great secrecy at a meeting of associates of some very powerful men at a place called Jekyll Island. The men represented at that meeting included JP Morgan, William Rockefeller, and the Rothschild family. The wealth of the five families represented at that meeting totalled 25% of all of the wealth in the world at that time.
Ben Swann Reality Check takes a look at Senate Majority Leader Harry Reid’s past support of auditing the Federal Reserve and why he is now saying he won’t allow an up or down vote on the bill in the Senate. Reid has been an advocate for auditing the Fed since 1987 up through at least […]
Rep. Ron Paul discusses House Vote for H.R. 459, Audit the Fed. This legislation would require a full audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks by the Comptroller General of the United States before the end of 2012, and for other purposes.
(Reuters) – Federal Reserve Chairman Ben Bernanke on Wednesday rebutted Republican lawmakers pushing a bill that would give Congress the ability to review monetary policy decisions, saying it could compromise central bank independence. Bernanke said it would be a “nightmare scenario” if politicians decided to second-guess monetary policy. “That is very concerning because there’s a […]
Later this month Congress will have an unprecedented opportunity to force the Federal Reserve to provide meaningful transparency to lawmakers and taxpayers. HR 459, my bill known as “Audit the Fed,” is scheduled for a vote before the full Congress in July. More than 270 of my colleagues cosponsored the bill, and it has the […]