If you ever had any reservations about who’s shilling for the Federal Reserve, look no further than today’s vote on increasing oversight into the Federal Reserve, including an audit.
The bill was passed by way of verbal vote and will now be introduced to the House, where it will likely be killed by shills.
Several democrats, including Stephen Lynch from Massachusetts, had voted to audit the Fed back in 2012 and 2014 — but are now against it. Why you ponder? They’ve had a change of heart, especially since the bill has a real chance of passing. They cited an aversion to ‘political interference’ at the Fed.
Right.
Source: Reuters
“We should not in any way hinder their independence,” said Representative Carolyn Maloney, a New York Democrat, echoing the sentiment of Fed policymakers who say they could come under political pressure to avoid making unpopular decisions such as raising interest rates to slow growth and control inflation.
“This bill would open the floodgates to political interference in monetary-policy making,” said Del. Eleanor Holmes Norton, a Democrat from the District of Columbia.
Rep. Carolyn Maloney, a Democrat from New York, said the measure would lead to higher interest rates because it would undermine the market’s confidence in the independence of the central bank.
Republicans said the measure was needed to rein in the Fed.
“It is ironic that the arsonists that caused the financial collapse are now being given credit…for putting out the fire. Almost every macroeconomist concedes in retrospect that [the Fed’s] extended period of easy money led to the financial crisis,” said Rep. Thomas Massie, a Republican from Kentucky.
Did you read what Rep. Maloney actually said? She believes that if we looked into the Fed’s business, they’d punish us with higher interest rates. What are they hiding?
Absurd.
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I hope Ron Paul lives to see this.
Just curious.. what do they expect to uncover?
Not the point. Your endless shilling is going to give you a case of shillroids.
Ok. So what is the point then?
Quite honestly, this just seems like a blatant waste of time. What exactly do they expect to accomplish with this beyond making their constituents happy ahead in preparation of mid-term elections?
I could give you a several page justification why the pit of Satan’s cabalistic snakes at the FED needs to be looked at closely; however, the point here, if nothing else, is transparency.
If the FED has done nothing wrong, they’ve nothing to hide. Obviously the FED is hiding something if they have their lefty pinko commie apparatchiks obstructing the audit.
Maybe they are just confused cuz they already get audited:
https://www.federalreserve.gov/faqs/about_12784.htm
@tonka: not that kinda Mickey Mouse audit. Get real, ok? BTW, are you trying to say that Ron Paul is a stupid fuck-up for all those years asking to audit the FED?
This isn’t going to he an interrogation. It’s going to be a government organization going through the books. Which multiple government organizations already do. Maybe this one will be different?
@tonka: yes, what Ron Paul want is auditing the FED on the legality of FED’s actions.
“The real question is: why are Wall Street and the Fed so hysterically opposed to HR 1207? Just what information are they so anxious to keep secret? Only an audit of the Federal Reserve will answer these questions.”
https://tinyurl.com/mwob6a6
Meh, I just see government overseeing government oversight on a government organization. I could be wrong, but I wouldn’t advise getting excited even if it does happen.
@tonka: thank you for making my point. The FED is NOT a part of the US government. That is the fallacy and misconception. The FED is a privately (hofjuden) owned corporation. The USA is a corporation in bankruptcy proceedings since December 23, 1913. IRS is the collection agency.
I’m gonna go out on a limb and say you’re probably a fan of the gold standard. Do you also know the truth about our lizard overlords?
@tonka: actually, I am not a fan of the gold standard per se but I do flip spare joobux to phyz – something that the usual suspects (hofjuden) cannot corrupt and/or conjure ex nihilo. And I have exactly zero knowledge of who our lizard overlords are; nevertheless, if they bleed, we can put them out or their lizard misery; and that’s what counts.
Exactly who are the hofjuden owners of the Fed? And what % of the Fed do they own?
@traderconfessions:
hofjuden: https://tinyurl.com/mg22xqb
% CB: https://tinyurl.com/n8kbnag
~ CB: https://tinyurl.com/llb4uxo
My god that’s pathetic but not surprising research from an intellectual sloth like you.. if you can push aside Mein Kampf try this..
http://www.publiceye.org/conspire/flaherty/flaherty5.html
@traderconfessions:
LOL. Fake News:
https://tinyurl.com/mv3okvc
But thank you for playing. Come back any time!
court Jews were used to put the populace in debt. Once the population was in debt… the Lord/Duke/Prince/King would kick them out of the country, usually violently, and confiscate all the gold.
This was a plot by the leaders running the show (King Richard 1000 years ago and your skull and bones uber rich anglo saxon protestants today… think Bush family?) to rob their own populations… and getting the Jews to do it.
Of course you hate my religion way too much to learn a lesson that is the consensus among most historians.
The church outlawed usury… so any King that participated in the process was liable to excommunication. So they imported Jews to do the dirty work. Once the Jews were rich and the population was dry. Kill the Jews in the street, rob their gold, and kick them out of the country.
This is literally what happened. These are well known events. Especially in England. Very well recorded.
The commandment against interest in the Torah is not to charge your BROTHER interest. Considering Christian Europe treated the Jews like shit, and ownership of land by Jews was prohibited in many feudal principalities…
Jews were forced into odd jobs, mostly trading, later lending, and finally foreign exchange.
Foreign exchange was invented by Jews. They got tired of being robbed of their money by governments… so they began to trade currencies with other Jews. Because they could RARELY buy land… money was passed down and around and they had lots of capital…
if King Richard wanted to come grab his gold… he could only grab his gold.
If I am sitting here with half of my wealth in gold and silver coins with German and French kings on them… they are no longer
The bottom line is Jews are more united than the westerner will ever be. The rich in your nations… the nobility… fleece you dry. And they constantly keep you angry at minorities so you never figure it out. Donald Trump does not care about the working class white man… or any man.
They run the FED. The Ivy League dudes who run the CIA. The guys who killed JFK. MLK. RFK. The guys who won’t tell us what the fuck happened in building 7… the first steel building to collapse from a fire. Collapse and have hundreds of engineers and architects vouch that the building MUST have had bombs on it. I’m sure you think Jews did it.
There are no Jews owning the FED. There were no Jews on Jekyll Island. Just your rich friends who you think care about you for some idiotic reason.
These are your own people robbing you dry this time. There is no more catholic church strong enough to excommunicate the “Christian” leaders of your country.
And you keep falling for it.
… Rothschilds lol
think harder.
think objectively.
@peaches: mostly true mixed with interpretation resulting in fiction by omission. The yuuge issue here is zionism and the evil that it brings.
The fake christians you point to are pro-zionists in the service of cabalistic zionist jews. If you support zionism and/or not speak against it, you’re one of them by association.
These are the true Jews, Jews that condemn violence, war and want to live in peace, just as we all do:
http://www.nkusa.org/index.cfm
http://www.nkusa.org/AboutUs/index.cfm
Guess we’ll have to pass it to find out….extra Pelosi
I would like to know if the Fed bought any Illinois or City of Chicago debt, as well as any bad trades made by Harvard University around 2008.
did you see the last 5 minute bar on SPY DIA QQQ amd the IWM…hmmmmmm that was different
EOM/Q positioning starting early?
Calm down. The FED has had decades to game out an “audit”.
Someone should really inform these jokers that the Fed gets audited:
https://www.federalreserve.gov/faqs/about_12784.htm
Fighting for something that already exists.
Fox guarding the chicken coop…
Nah let’s just pull in a third government body to do what two already do. I’m sure they’ll do it differently.
Is this moar Swamp shit to tank the tape or what. At some point the straws will add up.
Since the Fed under Bernanke and Yellin has done a perfect
job of recovering the country from the Bush 43 Depression,
an audit might make a good operating manual for future Feds.
We are enjoying 8 years of job growth, very low inflation,
a stock market that has more than tripled, and a recovery
of housing values. Good work, Fed!
Housing values? Pfffft!
Residential housing within a 100 mile radius here is still off 21% from where it was in 2007. There are a couple isolated spots along the big lake thta have gone bonkers but for the most part. things are still under water here.
07 was a housing bubble. The values were not real, attainable in normal conditions, or attainable in future conditions without unsustainability, which it currently is and has been -over those 8 yrs you reference- because asset values have solely been forcibly steadily raised (qe, twist, zirp, mark to model, gaap, toxic rhubarb)
@traderconfessions:
hofjuden: https://tinyurl.com/mg22xqb
% CB: https://tinyurl.com/n8kbnag
~ CB: https://tinyurl.com/llb4uxo