Bill to audit Federal Reserve passed in Committee
For the first time in history, the Federal Reserve Bank may be facing an audit. Yesterday, the House Finance Committee passed a bill that authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's secretive deals with foreign central banks and major U.S. financial institutions.
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“Open your eyes, people”
Since: May 08
#1 Nov 22, 2009
The Federal Reserve has always done deals that MOST AMERICANS would not approve. Like financing Russian Public Works project during the Cold War.
The problem is it has control of our monetary policy and its owners may accelerate the demise of our economy in retaliation of an Audit requirement.
If in retaliation, the Fed increase the prime lending rate to 25% or 30%, they would bring this country to its knees at a time when we can least afford it.
If that happens, the entire Federal Reserve ownership and management should be sent to prison for corruption and treason.
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