I have been recently endowed with a large sum of money. This money over the rest of it’s life span will be circulated through the hands of many people. Perhaps through the hands of entire nations, including it’s own. I plan on to use this money, secretly. I will tell no one what I do with this money, how much of it I spend, where it goes, or what I spent it on. Does this to you, perhaps, sound like it could end perilously? Would you feel comfortable if the money that I possessed, was also the money you needed to sustain your current way of life?
I will go out on a limb to make the assumption that this would make you very uncomfortable.
Of course by know you have most likely sensed my satire and have realized that the Federal Reserve is that which I speak of.
Let me take the time to explain what the Federal Reserve actually does. First off, the Federal Reserve is considered to be an independent bank, separate from the President of the United States as well as Congress. Now the Federal Reserve is independent from the aforementioned entities, it is still accountable to Congress. “The Federal Reserve System was created by Congress in 1913 “to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.” – ThisNation
So lets get this straight? We are letting one institution control the entire flow of money in the United States? Yes, in general, this is basically what is happening.
The history of the Federal Reserve is irrelevant for my blog, because I am going to explain how the Federal Reserve was defeated and the victory it provides for the American people.
Before I begin this I would like to introduce an article and then develop my opinion around this article.
First I begin with a qoute; “In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.” – The Huffington Post
First off, I would like to thank Chairman Barney Frank (D-Mass.) For being the greatest turn coat in the history of the House Finance Committee. It is clearly evident who Barney Frank is in this for. (Hint: Federal Reserve.) I have know from the beginning he was insincere in his caring on all subjects of the matter. Especially after watching his interview on the Ed Schultz program on MSNBC, Ralph Nader was also part of said interview. I will be championing this win in the House Finance Committee for the foreseeable future due to the fact that I have wholeheartedly supported this.
Whas does this mean? This means that the Federal Reserve is on the road to being audited. Does this spell trouble for them? Undoubtedly I must say. This will create transparency in the Federal Reserve.
“Although the Fed is currently audited by outside agencies, these audits are not thorough and do not include monetary policy decisions or agreements with foreign central banks and governments.” – Auditthefed.com
The fact that none of these agencies are able to to monitor policy decisions and agreements with other banks is disturbing. The Fed. needs to be held accountable for all of it’s actions, it controls our monetary and credit systems. Any mishaps in the Federal Reserve could destroy America almost in the blink of an eye. We should hold all institutions in this country accountable and they should be protected by no one. Especially an institution that has supreme power over the United States.
I personally believe that the Federal Reserve should be constantly monitored, completely openly. The American people have the RIGHT to know what is going on within such an institution. It’s time for more transparency in our governing agencies, it’s time to hold our President, Mr.Obama accountable for his campaign promises. Whether you be a liberal, a conservative or a member of another party, I think we can all agree on this?
Thank you Alan Grayson (D-Fla.) and Ron Paul (R-Tex.) for standing up for the American people and doing something that the moderates in their governing roles do not want to do because of how close they are tied to the Federal Reserve…I’ll leave that up to you, the readers to determine.
For more readings on this topic, visit; About the Audit
Also, to read the article that I was giving an analysis on, visit; Fed Beaten
I plan on keeping this article open so that I can constantly add and amend it as the days go forth and more information becomes available and more analysis are formulated by me.
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Audit(Destroy) the Fed
I have been recently endowed with a large sum of money. This money over the rest of it’s life span will be circulated through the hands of many people. Perhaps through the hands of entire nations, including it’s own. I plan on to use this money, secretly. I will tell no one what I do with this money, how much of it I spend, where it goes, or what I spent it on. Does this to you, perhaps, sound like it could end perilously? Would you feel comfortable if the money that I possessed, was also the money you needed to sustain your current way of life?
I will go out on a limb to make the assumption that this would make you very uncomfortable.
Of course by know you have most likely sensed my satire and have realized that the Federal Reserve is that which I speak of.
Let me take the time to explain what the Federal Reserve actually does. First off, the Federal Reserve is considered to be an independent bank, separate from the President of the United States as well as Congress. Now the Federal Reserve is independent from the aforementioned entities, it is still accountable to Congress. “The Federal Reserve System was created by Congress in 1913 “to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.” – ThisNation
So lets get this straight? We are letting one institution control the entire flow of money in the United States? Yes, in general, this is basically what is happening.
The history of the Federal Reserve is irrelevant for my blog, because I am going to explain how the Federal Reserve was defeated and the victory it provides for the American people.
Before I begin this I would like to introduce an article and then develop my opinion around this article.
First I begin with a qoute; “In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.” – The Huffington Post
First off, I would like to thank Chairman Barney Frank (D-Mass.) For being the greatest turn coat in the history of the House Finance Committee. It is clearly evident who Barney Frank is in this for. (Hint: Federal Reserve.) I have know from the beginning he was insincere in his caring on all subjects of the matter. Especially after watching his interview on the Ed Schultz program on MSNBC, Ralph Nader was also part of said interview. I will be championing this win in the House Finance Committee for the foreseeable future due to the fact that I have wholeheartedly supported this.
Whas does this mean? This means that the Federal Reserve is on the road to being audited. Does this spell trouble for them? Undoubtedly I must say. This will create transparency in the Federal Reserve.
“Although the Fed is currently audited by outside agencies, these audits are not thorough and do not include monetary policy decisions or agreements with foreign central banks and governments.” – Auditthefed.com
The fact that none of these agencies are able to to monitor policy decisions and agreements with other banks is disturbing. The Fed. needs to be held accountable for all of it’s actions, it controls our monetary and credit systems. Any mishaps in the Federal Reserve could destroy America almost in the blink of an eye. We should hold all institutions in this country accountable and they should be protected by no one. Especially an institution that has supreme power over the United States.
I personally believe that the Federal Reserve should be constantly monitored, completely openly. The American people have the RIGHT to know what is going on within such an institution. It’s time for more transparency in our governing agencies, it’s time to hold our President, Mr.Obama accountable for his campaign promises. Whether you be a liberal, a conservative or a member of another party, I think we can all agree on this?
Thank you Alan Grayson (D-Fla.) and Ron Paul (R-Tex.) for standing up for the American people and doing something that the moderates in their governing roles do not want to do because of how close they are tied to the Federal Reserve…I’ll leave that up to you, the readers to determine.
For more readings on this topic, visit; About the Audit
Also, to read the article that I was giving an analysis on, visit; Fed Beaten
I plan on keeping this article open so that I can constantly add and amend it as the days go forth and more information becomes available and more analysis are formulated by me.
Like this: