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.”
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Or will Congress fold again?
"To learn who rules over you, simply find out who you are not allowed to criticize."
Maybe Voltaire never said those words, but I find it very easy to believe this principle is true.
And certainly the following also is true:
US Constitution, Article I, Section 8
5: [The Congress shall have Power] To coin Money, regulate the Value thereof, and of foreign Coin ...
If so-called Federal Reserve notes are "legal tender", their status as such derives from these congressional powers, and we are LONG overdue for Congress to exercise its regulatory authority in this matter.
Or do you like being ripped off by unaccountable swindlers and thieves?