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With Trumps support,Rand introduces bill to audit Fed
Posted on 1/4/17 at 7:43 pm
Posted on 1/4/17 at 7:43 pm
LINK
quote:
RAND PAULUnited States Senator for Kentucky
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Sen. Rand Paul Reintroduces ‘Audit the Fed’
NewsPress
01.04.17
WASHINGTON, D.C. – On Tuesday, U.S. Senator Rand Paul reintroduced his Federal Reserve Transparency Act, widely known as the “Audit the Fed” bill, to prevent the Federal Reserve from concealing vital information on its operations from Congress. Eight cosponsors joined Senator Paul on the legislation.
Representative Thomas Massie (KY-4) has introduced companion legislation, H.R. 24, in the U.S. House.
“No institution holds more power over the future of the American economy and the value of our savings than the Federal Reserve,”said Sen. Paul, “yet Fed Chair Yellen refuses to be fully accountable to the people’s representatives.”
“The U.S. House has responded to the American people by passing Audit the Fed multiple times, and President-elect Trump has stated his support for an audit. Let’s send him the bill this Congress.”
“The American public deserves more insight into the practices of the Federal Reserve,” said Rep. Massie. “Behind closed doors, the Fed crafts monetary policy that will continue to devalue our currency, slow economic growth, and make life harder for the poor and middle class. It is time to force the Federal Reserve to operate by the same standards of transparency and accountability to the taxpayers that we should demand of all government agencies.”
On January 12, 2016, a bipartisan Senate majority voted 53-44 in support of Audit the Fed.
S. 16 would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve’s Board of Governors and reserve banks within one year of the bill’s passage and to report back to Congress within 90 days of completing the audit.
Audit the Fed would amend section 714b of Title 31 of the U.S. Code to allow the GAO to fully audit:
transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;transactions made under the direction of the Federal Open Market Committee; ora part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.
Posted on 1/4/17 at 7:46 pm to LosLobos111
Drain the fricking swamp!
Posted on 1/4/17 at 7:47 pm to LosLobos111
That's Senator Rand Paul. Great guy, tough competitor.
Posted on 1/4/17 at 7:49 pm to LosLobos111
If anything will get a bullet in the back of your skull, this will do it.
Well, besides crossing Hillary that is.
Well, besides crossing Hillary that is.
Posted on 1/4/17 at 7:49 pm to LosLobos111
Watch the statists come in here and explain how auditing the fed is a terrible idea and disparage Rand for questioning the brilliance of the central bankers.
Posted on 1/4/17 at 7:51 pm to MrCarton
By statists, you mean white guilty faux Bernie supporters, then yes.
Posted on 1/4/17 at 7:52 pm to KosmoCramer
quote:
By statists, you mean white guilty faux Bernie supporters, then yes.
Yeah them too. lol
Posted on 1/4/17 at 7:55 pm to LosLobos111
Gotta agree with him on that....the last POTUS that suggested getting rid of the Fed got dead.
Good luck Rand..start with an audit.
Good luck Rand..start with an audit.
Posted on 1/4/17 at 10:25 pm to LosLobos111
quote:
With Trumps support,Rand introduces bill to audit Fed
Trump better double up Secret Service overtime and pay. Still convinced bankers might have colluded with LBJ to kill JFK when he tried to get rid of the fed.
Posted on 1/4/17 at 10:33 pm to LosLobos111
Rand should have been the President. He was by far the best choice.
Posted on 1/4/17 at 10:42 pm to OMLandshark
(no message)
This post was edited on 1/19/21 at 11:27 pm
Posted on 1/4/17 at 11:03 pm to tide06
quote:
Here's my question: to what end?
The truth shall set you free.
I'd be happy to just know who the shareholders of the Fed are, though I don't see that among the list of targets of the audit.
Posted on 1/4/17 at 11:08 pm to Tiger4Liberty
Won't happen. The powers behind the Fed rule the world.
Posted on 1/4/17 at 11:38 pm to Halftrack
quote:From reading your posts, you should change your name to "Halfbrain".
Halftrack
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