Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Federal Reserve Freaks Out Over Audit

% of readers think this story is Fact. Add your two cents.


In 1792 the penalty for currency debasement was death
The Federal Reserve is clamoring to shut down legislation that would allow the American people to take a look at its books.

Last month Kentucky Senator Rand Paul introduced his Federal Reserve Transparency Act of 2015. It has a number of co-sponsors, including Sens. Ted Cruz of Texas and Marco Rubio of Florida.

If passed, the legislation would direct the Comptroller General of the United States to conduct a full audit of the Fed.

The Fed, naturally, hates the bill. It says if enacted, it will damage the economy.

How would it damage the economy? Paul’s plan would empower Congress “to audit and question monetary policy decisions in real time,” laments Philadelphia Fed President Charles Plosser.

“This runs the risk of monetary policy decisions being based on short-term political considerations instead of the longer-term health of the economy,” he added.

For the Fed, the “health of the economy” consists “of flooding the economy with easy money, leading to a misallocation of resources and an artificial ‘boom’ followed by a recession or depression when the Fed-created bubble bursts,” according to Rand Paul’s father, former Congressman Ron Paul who, incidentally, worked unsuccessfully to abolish the Federal Reserve, not merely audit it.

“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?” the president of the Federal Reserve Bank of Dallas, Richard Fisher, asked The Hill.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Join our affiliate program and earn extra money by sharing with friends and family or by posting on your social media.

Order by Phone at 888-809-8385 or online at www.mitocopper.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver! Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!

Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!

Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)


FINAL WARNING!  Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!  APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  


APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.


Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.



Report abuse
Loading...
    Loading...

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 12 comments
    • abnegative

      If they have nothing to hide and things are fine , an audit should add strength to the public perspective and economy , right??

      Audit the s.o.b.s then put them in jail after the truth is revealed .

    • Anonymous

      Think abundance
      You reap what you sow
      Put out good vibes get good vibes

    • Trapper

      Re. Federal Reserve Freaks Out Over Audit Rand Paul introduced his Federal Reserve Transparency Act of 2015. (Rand Paul will save us).
      The Fed Reserve is not going to be opened up for us to see how bad they are F…… US, the jew’s who own it will never let this happen, Rend Paul is using this and every thing he or his father bring up as noise to get noticed, nothing but that NOISE, Rand Paul would be Dead is he went after the Federal Reserve, the national debt cried and whimpered about is mostly Interest owed to the Federal Reserve by the us gov, (by US), on money not borrowed from, not backed be the reserve, (in fact not owed to but stolen from the american Stupids).
      The law required that an Adult be done I seem to remember every 10 years, (not one has ever been done), Rend Paul is a Pud nothing more he will not hold the Fed Res, to account any more than hold the Obamanation to account, but the Stupids will hold him up as a great savior, he is just another gov-jew owned Pud. (Trapper).

    • CrowPie

      ““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?” the president of the Federal Reserve Bank of Dallas, Richard Fisher, asked The Hill.”

      Well…..he does have a fine point there…..

    • freedomringsforall

      To H with auditing the Federal Reserve!

      Close the Federal Reserve and turn the monetary and fiscal policy back to the Treasury and the Congress!

      Ride down on the Fed’s operational centers and confiscate all paper work and all communications and prosecute to the fullest extent of the law.

      Praise God!
      Long Live the Republic!

      • CrowPie

        Congress should have NOTHING to do with it…..NOTHING.

        The Congress is more dysfunctional than the Honey Boo Boo Clan.

        • Theron

          If our currency were fungible (look it up) it would have inherent stability. Our currency MUST be ACTUAL PHYSICAL PRECIOUS METALS. Congress can’t print gold and silver. :idea:

        • CrowPie

          I concur with your statement in regard to our currency make-up and stability.

          Regardless of those factors I would still not allow Congress control over currency in any way shape or form.

          I stand by my statement on Congress and its dysfunction.

        • Factory Farms FEAR the MooCow

          I will protect you!! MooOOO woof woof oink. :mad:

    • Anonymous

      lets see ,if the fed was imprisoned for theft and congress has to coin money for the us treasury we may have a jfk moment, he was doing just that minuse the prision part befor they killed him. but he was right it would have made our money grow insted of giveing it to rothschild and the vatican banks and spiraling our country into debt and makeing our money worth less every year. the dollar is a spanish word for a spacific masurement of silver 373.25 grains just short of an ounce .now how many federal resurve dollars does it take to get an ounce of silver? and they did that since 1914. so do the math it was desighned to steel the country through debt. yes its time the end it, and time to remove the jews out of the whitehouse, the duel citisen ones anyway.

    • Anonymous

      if you look at the price of silver and devide that into your pay check you will see how much american money you make and its probably close to 1913 wages or maybe the 20s . the silver dollar stays constant because its weight the federal reserve dollar fluxuates so its not constant. so what do you think is better, money that is constant decause its valued by weight or money that is faith based not backed with anything but the faith you have in it.

    • TRUTH

      YEH. YEH. YEH. WOWWWWWWWWWY, AMAZING
      THOSE BASTARDS THIEVES HAVE BEEN ROBBING US FOR YEARS AND YEARS
      HACKING INTO US AND STEALING ALL OF OUR CLIENTS, TRANSACTIONS
      AND SENDING THROUGH THEIR SMART ETERS RADIATION TO KILL US, MAKING US SICK.

      LOOK AT ALL THE HIDDEN ACCOUNTS WORLDWIDE TO THE UTMOST REMOTE PLACES OF THE EARTH.
      EVERY BANK IS A WHORE FOR THEM, THEY ALL GOT FAT FROM PASSING ALL THESE TRANSACTIONS IN THEIR BANKS, GROWING TO BECOME HUGE.

      WHEN BANKERS DO NOT WANT TO KEEP LAUNDERING THE FUNDS THEY MADE BY DEFRAUDING, THEY KILL THEM.
      THEY HAVE ACCESS TO EVERYONE’S PHONES AND COMPUTERS BY HOSTING THE ENTIRE WORLD ON THEIR MILLIONS OF SERVERS. THEY RECORD ALL OUR WORDS AND ALL WE WRITE.

      WHAT ABOUT ALL THE DIFFERENT COLORED SCREENS THEY LOADED WITH ALL THE FUNDS THEY DEFRAUDED IN SOO MANY BANKS AND HSBC, ABN AMRO, ROYAL BANK OF SCOTLAND AND MANY MORE.

      WHAT ABOUT THEIR CITY BANKS, WELLS FARGO, JP MORGAN PASSING THEIR DIRTY LAUNDERING OF MONEY AND STOLEN TRANSACTIONS IN THEIR BANKS. DO NOT FORGET THE MOST REMOTE PLACES IN CHINA, HONG KONG, MALAYSIA AND MORE.

      PEOPLE HOW THEY WRONGED US AND DESTROYED OUR LIVES AND WITH OBAMA, PELADEAU, HARPER AND MORE ARE PLANNING OUR DESTRUCTION.

      MEAN UGLY GANGSTERS THT BLACKLIST BROKERS SO THRY DO NOT GET PAID ON TRANSACTIONS AND MAKE LAWS TO EXCLUDE THEM FROM BEING ABLE TO WORK IN THE LARGE FINANCIAL TRANSACTIONS SO THESE THIEVES DEVILS DEFAUDERS CAN POCKET EVEN MORE THAN WHAT THEY STEAL.

      WHAT A MESS THEY MADE OF FAMILIES AND OF THE WORLD.

      IT IS A SIN TO KEEP THEM AROUND AND ALLOW THEM TO KEEP ABUSING AND DESTROYING US.

      WE WANT JUSTICE, WE WANT THE TRUTH, WE WANT THE WIRLD TO BE FAIR AND GIVE US A CHANCE TO BE ABLE TO EAT FROM OUR LABOUR. WE ARE NOT THEIR SLAVES AND GOD IS WITH US AND HAS SEEN
      THEIR HORRIBLE TREATMENT OF US.

      CONTACT ME, I HAVE PLENTY EVIDENCE.

      THEY ARE DEMONIC LOSERS, GET THEM BACK FOR WHT THEY DID TO US.

      THOSE HIDDEN FUNDS AND FUNDS ON THE SCREENS BELONG TO ALL THE BROKERS IN THE LARGE FINANCIAL TRANSACTIONS. SEIZE IT AND SPREAD IT AMONG THE WORLD.

      IT IS NOT A JOKE, GOD IS HERE AND THESE WORDS ARE FROM HIM.
      GOD HATES THE DESTRUCTIONS THAT ARE BEING DONE ON HIS PEOPLE.

      ALL WITH THEM MUST BE REMOVED AND JAILED AS WELL.

      IT IS ABOUT TIME, WE SUFFERED OVER FIFTEEN YEARS OF HELL FROM THEIR UGLY WORKS ON US.

      WE NEED JUSTICE NOW!

    MOST RECENT
    Loading...
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.