And before we even get started, Congratulations and Thanks to Congressman Ron Paul (R-Texas) for his tireless efforts to get this done.
House Passes Ron Paul's Audit The Fed Bill.
"In a move that serves as a capstone to Rep. Ron Paul’s colorful career, the House on Wednesday approved a bill that would let Congress’s chief investigators conduct a full audit of the Federal Reserve’s shrouded decision-making process.
The overwhelming 327-98 vote sends the bill to the Senate where Majority Leader Harry Reid, Nevada Democrat, has previously expressed support for an audit — though it’s unclear he’ll carve out time for the legislation this year."......
"Mr. Frank, though, said giving GAO powers to look at monetary policy is a precursor to Republicans trying to change the Fed’s mission overall to focus solely on monetary policy, not employment."
continue reading Wash Times coverage here.
Mr, Congressman Frank, as usual, is lost in the bushes. One, the Fed is the primary culprit responsible for America's Employment Plummet because if the Fed didn't Exist, Mr Frank and Co. couldn't keep writing all those blank checks.
Auditing the Fed, if the Senate gets on board, is a precursor to Ending it. If America gets a really good look at what the Fed are actually up to, even the most vocal supporters of Mega Government and its back breaking, confiscatory benevolence will join the chorus calling to end the Fed.
Congress themselves are Constitutionally Required to be in charge of the money, and if they ever become so, they'll find it much more difficult to justify writing all of those checks they've been writing on the backs of future generations.
"Fed Chairman Ben Bernanke doesn’t like the prospect of such a broad audit, calling it a “nightmare scenario” last week and saying it will lead to politicians second-guessing his decisions."No, Mr Bernanke, the end game is not to second guess your decisions. The end game is to reduce the number and complexity of your decisions for you down to just one more decision from you.
Where will you be employed After we get Rid of you and your decisions by getting Rid of your Federal Reserve System?