WHAT ARE THE DEMOCRATS AND BARNEY FRANK HIDING? We Know He Is GAY, But Why Is He Stopping The Audit Of The Fed?

The Federal Reserve Board came into existence in 1913. Since the inception of the Fed (Federal Reserve Board), the agency has been shrouded in secrecy. Rumors abound about the Fed, who runs it, and what really goes on in the Fed. Rumors about the Fed do not bother me. The secrecy behind the Fed is of concern to me and should be to all Americans. William Greider, a writer for Rolling Stone, wrote the definitive book on the Fed, called Secrets of the Temple, How the Federal Reserve Runs The Country.

The Federal Reserve Banking System has been around almost one hundred years. It has never been audited. The Fed answers to no one. The Fed has loaned over twelve trillion dollars of taxpayer money, our money. To whom? Only the Fed knows. Recently the chairman of the Fed, Ben Bernanke, was called before Congress and when asked who received loans and bailout money, he told Congress it was none of their business. Keep in mind, it is our money and he does not have to disclose where it went. Why?

Consider the fact that America is twelve trillion dollars in debt. Combine that thought with the twelve trillion dollars in loans and bailouts, so now we are on the hook for twenty four trillion dollars. I don’t know about you, but I don’t have that kind of cash laying around if things go bad. It is time to audit the Fed. Since 1913 the US dollar has lost 95% of its purchasing power, all of which is due to monetary policy, as dictated by the Fed.

The Fed can enter into agreements and do business with foreign banks and governments, lending them money. It is our money, but we never know who they are or how much was loaned to them. For all we know, we could be supporting terrorism through our monetary policy. Audit the Fed.

The US Treasury has accounts with the Fed that allow for the Treasury to funnel money to Wall Street, and other entities without congressional approval or oversight. Remember, Chairman Bernanke told Congress to go pound sand and didn’t answer their questions. The General Accounting Office (GAO) should be able to audit the Fed. If any other agency were to use taxpayer funds in this manner, they would be considered a rogue agency and be held accountable for their actions. Audit the Fed. READ MORE...

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