Econ Freedom Ping!
Hope we make it long enough to Audit them! Then hold them accountable!
What committee?
just push for an explicit simple inflation targeting policy and we wouldn’t have these problems.
Big government and huge debt levels could not exist with out the Federal Reserve. Our problems will not be fixed as long as they are in power.
The entity known as the UNITED STATES cannot ‘audit’ the Federal Reserve.
The Federal Reserve is a privately owned consortium of bankers, who are not even US citizens.
The Federal Reserve holds bankruptcy receivership of the United States.
THEY OWN US, not the other way around.
Someone needs to dress down Helicopter Ben for debauching our currency.
As long as Ron Paul’s attacks against the Fed doesn’t do to the economy what Andrew Jackson’s ending the National Bank did to the US in the 1830s (cause a depression), we should be okay.
The US is bankrupt. It cannot repay its debts. When that becomes clear, and the public moves from denial to anger, they will seek any justification or excuse to disavow the debt. Such will not be hard to find:
Most Federal spending since the 1930s has been Unconstitutional. Progressive (non-uniform) tax rates are Unconstitutional. Fiat money is Unconstitutional—the Constitution forbids anything other than gold and silver coins being used as “Tender in Payment of Debt.”
So the US could simply revert to the Gold standard, issue a new gold-backed currency, repay its bond holders using the old currency (which the government disavowed as redeemable for gold or anything else back in 1972,) and inform any who object to that it’s their own fault for lending money to an illegitimate government borrowing and spending in violation of its own Constitution, using a currency prohibited as being used as legal tender by that same Constitution.
It won’t be long before this end-game becomes obvious to everyone. It’s the only way out. When that happens, the bond market will stop lending any funds whatsoever to the US government, and progressive socialism will die.
“Just watch the powers that be try to block Ron Paul from the Chair of the Committee.”
He should hire some bodyguards, like yesterday.
This should be proposed and debated just for the attention it will gain..
The power structure of both partys will do anything to quash it..
Paul is right on.The Fed has stepped into the political arena and ought to be held accountable.
So this RINO thinks the FED should not be independent of political pressure? That would a great thing when a Dim is president, IF YOU WANT MONETARY POLICY LIKE SAY BRAZIL? BTW, who is president now?
Auditing the FED which to some extent was passed as part of the Dodd-Frank Act is quite different than independence.