House Considers First Full Audit of Federal Reserve
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Published on Jul 24, 2012
U.S. Representative Cynthia Lummis (R-Wyo) spoke on the House floor Tuesday in support of H.R. 459, the Federal Reserve Transparency Act. The bipartisan bill aims to carry out a full audit of the Federal Reserve, the nation's central banking system. Central to H.R. 459 is the removal of previous restrictions placed on the Government Accounting Office (GAO) regarding audits of the Federal Reserve. Should the legislation earn both House and Senate approval, it will mark the first full accounting of the agency to date.
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tommy35ss 2 months ago
---- try to prop up prices and wages like they did in the depression and now. If they would have let them fall, and the bankruptcies happen then all the bad debts would have been liquidated or restructured, and it would have been a horrible year but we would have gone back to work by 2010. Now we have a zombie economy like Japan has had for 20 years except it will get worse for us because of the coming dollar crisis
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tommy35ss 2 months ago
If you understood how the Federal Reserve works, then you'd understand that the Fed's actions directly led to both crashes. We haven't had a free market in a long time. Probably before you were born. It does have a basis in fact, the peaceful and voluntary exchange of goods and services between individuals works. The more barriers you create and the more wealth you take out of the economy the less it will work though. The banks should have failed and the Fed and government should not ----
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sisyphian54 2 months ago
The "market"? Yeah, that would work great, just as it did in 1929 and a few years ago. If a former Goldman Sachs CEO didn't force the kings of Wall Street to take a government loan we'd all be selling apples on the street. "The Market" is no more real than the perfection of a communal society of shared wealth. This is nothing more than a religious dogma that has no basis in fact.
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smoky281 4 months ago
thank you
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iannetta11 4 months ago
“Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” AUDIT and END THE FED.
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tommy35ss 4 months ago
-allow people people to pay taxes in a currency other than federal reserve notes. Once you do this you can finally end the Federal Reserve and let the market decide what should be money
So yes we do need to END THE FED
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tommy35ss 4 months ago
We do need to end the Fed eventually and I'll explain how but I thank for your support on HR 459 audit the fed bill. First we need to end the Federal Reserve's monopoly on money by ending the legal tender laws. Second we need to remove the capital gains and sales taxes from the monetary metals, gold and silver being most important, with platinum coming next, and finally copper and nickel. These are the metals that have been used throughout history. finally allow people to pay taxes in a currency
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