The Federal Reserve is a misnamed sketchy operation. There is a book and a YouTube video called “The Creature From Jekyll Island” that explains the dirty tricks involved in the creation of the Federal Reserve and its true purpose. The Federal Reserve is neither federal nor a reserve. Auditing the fed is a really good idea that the fed has avoided for years.<\/p>\n
On Monday, Hot Air<\/a> posted an article quoting CNBC<\/a>:<\/p>\n Treasury Secretary Scott Bessent on Monday suggested a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall function.<\/strong><\/p>\n \u201cWhat we need to do is examine the entire Federal Reserve institution and whether they have been successful,\u201d Bessent said during an interview on CNBC\u2019s \u201cSquawk Box<\/a>.\u201d \u201cHas the organization succeeded in its mission? If this were the [Federal Aviation Administration] and we were having this many mistakes, we would go back and look at why has this happened.\u201d<\/strong><\/p>\n The article also quotes Senator Rand Pau<\/a>l:<\/p>\n Dr. Rand Paul (R-KY) has reintroduced the Federal Reserve Transparency Act, famously known as \u201cAudit the Fed\u201d legislation to require a full audit of the Federal Reserve\u2019s operations and increase congressional oversight of its decision-making. In conjunction with the bill\u2019s reintroduction, Senator Paul also released the latest edition of his Waste Report<\/em>, which exposed the Federal Reserve\u2019s $600 million cost overrun on renovations to its Washington, D.C. headquarters\u2014now projected to cost taxpayers $2.5 billion in total. The report underscores the lack of transparency and accountability at the Fed, which remains exempt from a full audit by Congress or the Government Accountability Office.<\/strong><\/p>\n \u201cNo institution holds more power over the future of the American economy and the value of our savings than the Federal Reserve,\u201d said Dr. Paul. \u201cIt\u2019s long past time for Congress to stop shirking its duty and hold the Federal Reserve accountable.\u201d<\/strong><\/p>\n \u201cIt is Congress\u2019 duty to hold the Fed accountable,\u201d said Senator Marsha Blackburn (R-TN). \u201cFor too long, the Federal Reserve has operated behind closed doors while making decisions that impact the American economy. Throughout my service in Congress, I have worked to audit the Fed, and this legislation is necessary to shine a light on the Fed\u2019s operations and provide transparency to Congress and American taxpayers.\u201d<\/strong><\/p>\n The year 1913 was a horrible year for the Democratic Republic of America. That year gave us the federal income tax, the federal reserve, and the direct election of U.S. Senators. All three of those things need to go away.<\/p>\n","protected":false},"excerpt":{"rendered":" The Federal Reserve is a misnamed sketchy operation. There is a book and a YouTube video called “The Creature From Jekyll Island” that explains the dirty tricks involved in the creation of the Federal Reserve and its true purpose. The … Continue reading