[An audit of the Federal Reserve] would serve to undermine confidence in the monetary system – Ben Bernanke, October 2009
Before this debacle is over, people are going hunt down central bankers with dogs and lanterns – Zak
Posted on 02/06/2015 9:47:03 AM PST by Zakeet
It looks like the Federal Reserve is starting to worry about Senator Rand Paul’s plan to audit the central bank. The way the Hill newspaper, which covers Congress, puts it this week is that the Fed is “lashing out” at Mr. Paul’s plan, which, it said, could gain traction now that the Republicans are in control of the Senate as well as the House. It quotes the president of the Dallas Fed, Richard Fisher, as demanding, in an interview, “Who in their right mind would ask the Congress of the United States — who can’t cobble together a fiscal policy — to assume control of monetary policy?”
Who in their right mind? How about George Washington, James Madison, Alexander Hamilton, and the rest of the rest of the authors of the Constitution. The parchment creates the Congress in Article 1. In Section 8 of the same article, Congress is granted a list of powers. These are known as the enumerated powers. The first one is to levy taxes. The second one is to borrow money on the credit of the United States. And the fifth is to coin money and regulate the value thereof and of foreign coin. The monetary powers go to Congress, to exercise at its discretion. That is American bedrock.
(Excerpt) Read more at nysun.com ...
[An audit of the Federal Reserve] would serve to undermine confidence in the monetary system – Ben Bernanke, October 2009
Before this debacle is over, people are going hunt down central bankers with dogs and lanterns – Zak
Why? Are they hiding something? Or a few trillion things?
One nice thing about audits [in general] is that they can be used to ensure everything is on the up and up
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Now, certainly these can be abused (IRS Audits), but ensuring everything is as it seems would bolster the faith in the monetary system.
Therefore, we can conclude that if Bernake's statement is true, then for an audit to undermine confidence means that the Federal Reserve is not in an honest position.
Why? Are they hiding something? Or a few trillion things?
Yep, plus it would likely reveal a large conspiracy to defraud.
Audit will never happen the Republican establishment won’t let it. An audit was on Ronald Reagans platform when he initially ran for POTUS and it died when he was told to pick 41 for VP.
Wonder what would happen if a publicly traded corporation said that about its required annual audit?
Yes, that’s right. Everyone who moves to audit the Fed soon after drops the matter or retires (Dodd-Frank).
The truth is the Fed controls the world’s largest slush fund. They pay for intelligence operatives to do everything imaginable to force an agenda. They back mercenary armies including usage of the US Military for mercenary missions. They also set up key individuals to become billionaires (e.g. Zuckerberg) by orchestrating and enlisting prescribers for Wall St IPOs backed by their no interest essentially free digital currency moves. They also prop up the US Government and the Wall St. exchanges. And they do most of these types of things via intermediaries so that a trail back to them is covered and camouflaged.
Well, yes.
Why wouldn’t we audit the Fed and Fort Knox too? The only reason for opposition to this would be to coverup the fraud and malfeasance and theft that has been going on for decades. Trust but verify is fundamental to keeping every aspect of government and the Fed honest.
There are those who still claim JFK was killed because he wanted to bring back the Constitutional right of the US Treasury to coin and print our own money. The deal to give that right to the Fed (not the Federal government) while we taxpayers pay interest never quite seemed to make common sense.
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