House passes Ron Paul’s ‘audit the Fed’ bill

[rushmc 23]

I think this would be a very good thing!!!


http://www.washingtontimes.com/news/2012/jul/25/house-passes-ron-pauls-audit-fed-bill/

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 23]

Added:

The Fed Reserve has no oversight at all

And while I am not one to say go get'em tiger when it comes to gov looking over the shoulder, some level is acceptable as I have said before

So the debate becomes how much is enough and how much is too much

But, the power and secrecy of the Fed needs a good looking at IMO

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[ryoder 1,590]

They actually listened to Paul for once???
They should do that a hell of a lot more often.

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

[StreetScooby 5]

The Fed is buying over 50% of government debt right now. This should scare the hell out of everybody.

We are all engines of karma

[rushmc 23]

Quote

They actually listened to Paul for once???
They should do that a hell of a lot more often.

We agree on something!

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[DaVinci 0]

And yet people still voted against it..... Sheesh

Can anyone give me a reason why knowing what they are doing would be a bad thing?

[beowulf 1]

Unfortunately it's not expected to pass the Senate.

[StreetScooby 5]

Quote

Unfortunately it's not expected to pass the Senate.

The Fed is no longer independent. Lots of readily available data shows this. They are printing money like there is no tomorrow. Bad stuff is in the pipeline, and it's going to be nasty when it finally comes out.

We are all engines of karma

[beowulf 1]

I think it's going to get worse. It makes you wonder what they are hiding.

[rushmc 23]

Quote

I think it's going to get worse. It makes you wonder what they are hiding.

Remeber how hard they faught against the FOIA request to find out where the FED sent bail out money? That is when we found out how much went out of the country?

To your point, do we even know what info to ask for?

Scary as hell

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[beowulf 1]

I don't think they were ever politically independent. One of the books that I am currently reading is "A History of the Federal Reserve vol 1" by Allan Meltzer

The Federal Reserve was created by the big bankers and their politicians to serve the interest of the big bankers.

I think the full consequences of the Fed's QE's and Operation Twist along with the near zero interest rate policy have yet to be fully felt and hold really bad results in the future.