U.S. Economy
House to Vote Fed Audit Bill Tuesday

Proposed by Republican Ron Paul, the long-time critic of the U.S. central bank. 274 co-sponsors can almost guarantee passage of the bill. The Republican-lead House is under fast-track processing requiring two-thirds majority. The Fed chairman Ben Bernanke tells House lawmakers that the legislation, if passed would be "nightmare" of monetary policy.
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1 comments on "House to Vote Fed Audit Bill Tuesday"
July 21, 2012 4:07pm
While I'm not a big fan of Paul's return to a gold standard type of monetary reform I do agree an audit of the Federal Reserve might be an eye opener for the country and especially the government, if it ever becomes a reality? The extent and why of on going bailouts plus all the other escapes of this bank just might add many reformers to the very few already in government. The handing over of the nations currency and credit to a private for profit banker's monopoly was the single greatest sell out of a people by their government in history. It boggles the mind that this was done in light of the very nature of the fractional reserve banker's system. A century later under this system and the world is mortgaged to a few persons at the apex of the banker's cartel. If instead a true fiat money system had been adopted I wonder what horrors and sufferings would not have occurred in those hundred years of human history and what further accomplishments mankind would have attained?