Post by Hoosier Hillbilly on Jan 2, 2015 7:18:53 GMT -5
The Federal Reserve System "is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
www.washingtontimes.com/news/2014/dec/31/federal-reserve-audit-push-gains-momentum-with-rep/
Excerpt:
After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve’s decision-making.
Once championed in Congress by former Rep. Ron Paul, the push to force the country’s central bank to undergo a full audit has been picked up by his son, Sen. Rand Paul, and others, and has the backing of the leader of the new Republican majority, Sen. Mitch McConnell, Kentucky Republican, whose office says the legislation will earn a floor vote.
But despite overwhelming support in the House, where the legislation has twice passed, the bill is not a sure thing in the Senate, and the Fed itself is pushing back. Chairwoman Janet L. Yellen said earlier this month the Fed remains opposed to stricter oversight of its monetary policy decisions, and Reuters reported she and other Fed officials are lobbying Capitol Hill to drop the audit push.
IMPO: If there is 'indeed' a full audit on the Fed, "( The World Will Explode )", the dollar will show it's self as worthless as it really is and we'll be living in a communist society.
Learn the background of the Fed:
www.youtube.com/watch?v=gxVONyqXMJg
www.washingtontimes.com/news/2014/dec/31/federal-reserve-audit-push-gains-momentum-with-rep/
Excerpt:
After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve’s decision-making.
Once championed in Congress by former Rep. Ron Paul, the push to force the country’s central bank to undergo a full audit has been picked up by his son, Sen. Rand Paul, and others, and has the backing of the leader of the new Republican majority, Sen. Mitch McConnell, Kentucky Republican, whose office says the legislation will earn a floor vote.
But despite overwhelming support in the House, where the legislation has twice passed, the bill is not a sure thing in the Senate, and the Fed itself is pushing back. Chairwoman Janet L. Yellen said earlier this month the Fed remains opposed to stricter oversight of its monetary policy decisions, and Reuters reported she and other Fed officials are lobbying Capitol Hill to drop the audit push.
IMPO: If there is 'indeed' a full audit on the Fed, "( The World Will Explode )", the dollar will show it's self as worthless as it really is and we'll be living in a communist society.
Learn the background of the Fed:
www.youtube.com/watch?v=gxVONyqXMJg