Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DannyTN

Congress should ALSO focus on their decision making process.

AND they should audit the Fed.

It is possible to do 2 necessary things at the same time.


4 posted on 07/25/2012 1:25:38 PM PDT by xzins (Retired Army Chaplain and Proud of It! Those who truly support our troops pray for their victory!)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: xzins
The FED is already audited. Every dollar is accounted for. Deloitte & Touche is the independent auditor. Their sign off can be seen in the Fed's financial statements.

What Paul want's to do, is audit the FED's decision making process. Basically he wants the FED to have to account to Congress on a continual basis on how they arrive at every decision they make.

Effectively congress will be able to second guess every move the FED makes. You'll have Pelosi and Reid telling the FED that they should be making monetary policy that increases the number of bath houses in San Francisco instead of keeping the dollar stable and unemployment low.

It's a bad move.

And it plays into Soros' hand. The FED keeps things stable and when things are stable, traders like Soros can't make money.

The George Soros Ron Paul Connection

10 posted on 07/25/2012 2:10:57 PM PDT by DannyTN
[ Post Reply | Private Reply | To 4 | View Replies ]

To: xzins
Here's the link to the audited financial statements.

Audited Financial Statements

11 posted on 07/25/2012 2:18:50 PM PDT by DannyTN
[ Post Reply | Private Reply | To 4 | View Replies ]

To: xzins
Congress should ALSO focus on their decision making process

Voters should focus on their decision making process....

30 posted on 07/26/2012 5:03:22 AM PDT by EBH (Obama took away your American Dreams and replaced them with "Dreams from My (his) Father".)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson