Posted on 05/15/2010 9:43:35 PM PDT by rabscuttle385
It's unfortunate you don't know enough about the topic to realize what is so clear to Bernake and others who understand the Fed. Don't tell me that you are unaware of the fact that the Fed is already audited. If so, you are uniquely unqualified to be commenting on the subject.
I didn't think so.
Opposition to the Fed is as old as the Fed.
And stupidity is older than the Fed.
Misdirecting the issue towards Paul.
Paul is carrying the ball on this one. That makes him an economic illiterate.....and a buffoon. I'm sure to you and Paul, the earmarking process is constitutional. Paul is a flagrant hypocrite in addition to being a loon..
Or, Ron Paul supporters could take note of the fact that Sarah Palin is the only major prospective Republican candidate who is attacking the Federal Reserve, alongside Ron Paul, and we should applaud her for that.
It's just this little theory I have called "giving credit where due"; I'm hoping it will catch on.
Justify yourself instead of attacking people. You have stated a position, but you are incapable of defending your position. You act like a liberal.
Why can't you get it through your head that the Fed's books are opened regularly. You are operating under the delusion that the Fed's books are closed. They are not.
"The Board of Governors, the Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review. Under the Federal Banking Agency Audit Act (enacted in 1978 as Public Law 95-320), which authorizes the Comptroller General of the United States to audit the Federal Reserve System, the Government Accountability Office (GAO) has conducted numerous reviews of Federal Reserve activities. In addition, the Board's Office of Inspector General (OIG) audits and investigates Board programs and operations as well as those Board functions delegated to the Reserve Banks. Completed and active GAO reviews and completed OIG audits, reviews, and assessments are listed in the Board’s Annual Report (before 2002, the reviews were listed in the Board's Annual Report: Budget Review).
The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the OIG. The financial statements of the Reserve Banks are also audited annually by an independent outside auditor. In addition, the Reserve Banks are subject to annual examination by the Board. The Board's financial statements and the combined financial statements for the Reserve Banks are published in the Board's Annual Report."
Specifically, what additional information do you need to see that is not included in these audits?
And, just in case that wasn't enough:
How the Federal Reserve Is Audited
Again, and for the last time, Paul has admitted he has no real interest in the information that will be provided by an audit and that he's only interested in the policy. Like you, he wants to politicize monetary policy. What could possibly go wrong with turning the money supply over to libtards like Chuck-it Schumer, waitress sandwich Dodd, Barney "loans for everyone who can't pay them back" Frank and Charlie "what taxes?" Rangel?
Now, please explain to us why any conservative would want to give scum like these control of the money supply? And stop claiming the Fed's books are closed. That's a lie.
Anyone with even a primitive understanding of the Fed knows this to be true. You seem to be willful in your ignorance and there is no rational explanation for your refusal to see that, contrary to your flagrant misunderstanding, the Fed is already audited and Paul's ambitions are strictly political.
Now, I'll ask you again, how can any person who considers himself to be conservative wish to empower the likes of Dodd, Schumer, Frank and Rangel with the direct ability to regulate the supply of money in this country?
Only the foolish and economic illiterate among us cannot see the disaster that would create. At least Ron Paul has an excuse. His motivations are something other than what he says they are. You have no excuse. You are a loon (Paultard), and a willful one at that.
You're lying again. I'm seeing a pattern. Get help.
The Federal Reserve's ultimate accountability is to Congress, which at any time can amend the Federal Reserve Act. Legislation requires that the Fed report annually on its activities to the Speaker of the House of Representatives, and twice annually on its plans for monetary policy to the banking committees of Congress. Fed officials also testify before Congress when requested.
To ensure financial accountability, the financial statements of the Federal Reserve Banks and the Board of Governors are audited annually by an independent outside auditor. In addition, the Government Accountability Office, as well as the Board's Office of Inspector General, can audit Federal Reserve activities.
Frequently Asked Questions Federal Reserve System
Have you found any settled litigation where any court has determined that the establishment of the Fed, by Congress, is unconstitutional? I didn't think so. That fact, unfortunately, still won't prevent you from spewing your ignorance here.
Congress could end the Fed tomorrow. Thankfully, they have more sense than you and Ron Paul.
If you refuse everyone else the option of even looking
The Fed audits are accessible to the public. Even an idiot could find them if he wanted to.
You are a wanna-be tyrant. Keep it up...
Oh, I see. You are an idiot. You're also an embarrassment to the forum.
You have called me liar, being a blatant one yourself it’s kind of funny. What are you scared of being released? The truth, open and honest, you seem to detest. What sickness causes that reaction? I’m sure you have numerous juvenile descriptors for anyone asking. :)
What can't you wait to be released? Be specific.
Wrong.
DeMint is co-sponsoring the Senate bill that would audit the Fed.
Sure. Senator Jim DeMint is, with Senator Tom Coburn, one of the heroes of the Republic on fiscal issues right now. Even if I might tend to be more libertarian on some social issues (except Abortion, which I think should properly be outlawed as murder), I don't think that you can help but admire DeMint's commitment to Old-Time, Small-Government Fiscal Conservatism.
But I was talking about prospective Republican Candidates for 2012, and I don't personally think DeMint's planning on running for President just yet. He may surprise me yet, but I think that from now until at least after the November elections he's gonna be pretty happy just trying to help conservatives win.
So I don't consider DeMint to really be a prospective candidate yet. But in terms of "keeping her options open" for it, I think that Governor Palin certainly is considering a Presidential run.
She probably still needs to hone her knowledge of a number of economic and international issues; even with the last two years to hit the books, I don't know that she's yet achieved enough command of the universe of issues that the Gotcha Media expects Presidential Candidates to offer opinions upon.
But I'm hopeful that Governor Palin has some core principles to guide her in cases where she may not know all the "details" of an issue right off the top of her head.
And what are those core principles?
Well, from what I can tell, here are some of them:
Pro-Life, Pro-Gun Rights, Pro-Small Business, Anti-Tax, at least a Fiscally-Conservative bias on Spending, supportive of Border Security, supportive of States' Rights on a number of issues, Critical of Global Warming fallacies, Critical of the Federal Reserve... these are a lot of the same issues for which I support Congressmen like Ron Paul and Jeff Flake, and Senators like the aforementioned DeMint and Coburn.
That, and the nice things she's had to say about Ron Paul, and Rand Paul, both in 2008 and 2010 (even acknowledging her reservation of having some amicable disagreements with the Pauls on some issues)-- in both cases, pretty much before any other Republican State Governor had stepped up to describe qualities they liked about the Paul campaigns. Add to that her plugging away for Michele Bachmann, also good.
I don't think that Palin is "perfectly Constitutionalist libertarian-conservative" on all these issues, or (sadly) all of her endorsements, but I think she's at least rightward-of-center on most or all of them -- solidly so, on quite a few. That's a heckuva lot more than I can say for Romney, Huckabee, or... good grief... Gingrich.
So while I'm not impervious to disappointment, for now I am hopeful to be impressed by Candidate Palin in 2012.
JMHO.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.