Ron Paul: Audit the Fed!

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On Tuesday, October 4th, 2011, the Domestic Monetary Policy & Technology Subcommittee, chaired by Congressman Ron Paul (TX-14), held a hearing entitled "Audit the Fed: Dodd-Frank, QE3, and Federal Reserve Transparency." Congressman Paul shares his thoughts on what discoveries were made as a result and what the next steps are in guaranteeing a full audit of the Federal Reserve.

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Category:

News & Politics

Tags:

• ron paul
• qe3
• dodd-frank
• audit the fed
• federal reserve
• crisis
• monetary policy
• congress
• politics

[wendallstro]

We all love and need Ron Paul, but he needs money if he going to win. It only takes 2 minutes. If you can sacrifice just a few bucks please do! 

[DEBO82420]

@wendallstro just got a tshirt and a rist band that says "end the FED"

[python178]

@macroman52 so.. your saying we should do nothing? or keep this fiat money system? or let them keep printing money and loaning it overseas? no private entity should have control over our monetary system.

[macroman52]

@python178 Yes they may be lying. But an audit of the Fed, an organisation which has "never been audited", showed the Fed lent (not exactly sent) to foreign governments (also foreign banks). The trouble is that whatever audit is done, how will you know they still aren't covering something up?

[python178]

@macroman52 for example in a recent "partial audit" it was discovered that the fed sent 14 billion dollars to a foreign government. these sheets may say what they loan us.but they do not devulge every aspect of their operation. not to mention, what if they are lying? a full audit may bring that to light. when in fact dont you think they should? they control our financial well being. most countries hold u.s. dollars as a reserve so that puts them in control of the world.

[macroman52]

@python178 Sorry, I was confused by the Fed's home page which has its balance sheets and financial statenments available form every year back a long way. I assumed that means they have been audited. I guess you have to tell me what you mean by audit.

[python178]

@macroman52 umm the fed has NEVER been audited. unil recently and its was just a partial audit

[QuangNokonoko]

For almost a 100 years has this institution (the Federal Reserve Bank) scammed and stolen from, not just the people of America, but the whole world. For we depend on America to make honest decisions. An audit of the Fed could be like Chernobyl was for the Soviet Union, first the tip than the iceberg will be revealed. I'v read that the're millions of fake Gold bars in Ft. Knox made out of Gilded tungsten, the Fed was at the Head of this scheme, yet they still do this and no-one stops them, yet.

[paulws81paulws81]

someone give this man an eternal win button already...

[mhydu]

@carlitosbuenaonda So you would like Senator Paul, he has run as an independent for years; but if he wants to go anywhere he has to be on a major ticket.

[kd7one]

Dealing with foreign banks is part of the Federal Reserve Act. Watch Clint Richardson's video CORPORATION NATION 3