Audit the Fed Threatens the Secrecy of the Federal Reserve Bank
August 7, 2012
Senator Ron Paul, author of the legislation called Federal Reserve Transparency Act of 2012 (HR459) that will subject Ben Bernanke and the privately-owned Federal Reserve Bank to a monetary audit policy has seen much support from his peers on Capitol Hill. The House of Representatives passed 327 – 98 on a vote last week which exceeded the necessary 2/3rd majority.
Bernanke, trying to deter the US Congress from digging into the private matters of the Fed, told House lawmakers that this legislation would allow a “nightmare scenario” of political meddling in monetary policy making. How pretentious of this head of the global Elite banking cartel to say that American representatives would be fumbling idiots meandering about in the matters of private shareholders being forced to disclose their agendas regarding our money system.
Paul, who is pushing for “transparency” in America’s relationship with the Fed, said that Americans are “sick and tired of what happened in the bailout and where the wealthy got bailed out and the poor lost their jobs and they lost their homes.”
Back in March, Bernanke lectured at the George Washington University in a propaganda stunt to reaffirm to the younger generations that the Federal Reserve is necessary and integral to the US monetary future. Bernanke claimed that “a central bank is not an ordinary commercial bank, but a government agency.”
By fabricating the factual need of the Fed as a cornerstone of our currency system, Bernanke tried to coerce the public on the benefits of the Fed. Dennis Kucinich said that “it’s time that we stood up to the Federal Reserve that right now acts like some kind of high, exalted priesthood, unaccountable to democracy.”
Paul wants to show the American public that their hard-earned money is going into off-shore accounts to support the global central banking cartels and fund their agendas. The focus is on the 2007 – 2009 “recession” that has laid the groundwork for hyper-inflation in the near future.
The Audit legislation will direct the Government Accountability Office (GAO), which is an independent congressional agency, to oversee a full review of the Fed’s monetary policy while conducting an audit of them and their decisions will be turned over to the Federal Open Market Committee.
Senate Majority Leader Harry Reid, co-author of the NDAA, is now decryingthat his tried to bring a similar legislation to the House back in 1995. Reid asserts: “I have sponsored legislation that would call for an audit of the Federal Reserve System. I offer that amendment every year. Every year the legislation gets nowhere. I think it would be interesting to know about the Federal Reserve. I think we should audit the Federal Reserve.”
Reid went on to say: “It’s taxpayer’s money that’s being used there but we don’t do that. Senator Dorgan has spoke out on the secrecy of the Federal Reserve System. He’s spoken out on the Federal Reserve more than anyone that I know in either body. But even though there is no entity in the world that controls our lives more than the Federal Reserve System, his speeches go unnoticed I’m sorry to say.”
It is Reid’s contention (and quite rightly) that the Fed “effect government, because of the money that government’s borrow.” Since the US government allows this privately-owned bank to sell them their currency instead of printing it themselves as is allowed by the US Constitution, give the Fed and central banking cartels rule over the American public through the ruse of taxation and the bull-dog collection agency known as the Internal Revenue Service (IRS). It appears that although Reid was once in support of this type of legislation, he is clearly not today as he has stated emphatically that the bill will be killed in the Senate.
Because of the central banking cartel’s takeover of the American people in 1913 with the signing of the Federal Reserve Act; which led to the monetary enslavement we are witnessing today as well as the transformation of America from a Constitutional Republic into a nation of serfs who are tied to the conspiratorial endeavors of the global Elite.
Obama has made it clear that he believes the legislation is a “really, really bad idea.”
In the words of Timothy Geithner, former US Treasury Secretary, asserted that an audit of the Fed is a “line that we don’t want to cross” and that if the American people successfully audit the Fed it would be “problematic for the country.”
As former head of the New York Federal Reserve, Geithner is doing a good job supporting the supposition Bernanke would like us all to believe – that somehow the central bank that caused this economic mess will be the only force to get us out. However, liberating the American public from debt slavery is not in the best interest of the privately owned bank. It is doubtful that the saving grace will befall from Bernanke or his laky, Geithner.
None of this true.
It is the opposite – that the central banker need the American public to survive and without us, they will perish.
A revolutionary thought is that we could just create an alternative monetary system, stop using the Fed’s fiat currency and liberate ourselves from feudal slavery.
That reality could happen tomorrow, if only with the accord of the American public that we are truly tired of being debt slaves to a system that is no more based in fact than the paper the US dollar is printed on.
Susanne Posel’s post first appeared on her blog, Occupy Corporatism.