Rand Paul: Fed's claim of being audited is a 'farce'

Freeman15 Sun, 01/17/2016 - 09:20


The Federal Reserve – the quasi-public organization that largely controls U.S. monetary policy behind closed doors – doesn’t want investigators poking their noses into its operations.

And now, the banksters have emerged victorious once again, as Audit the Fed legislation introduced by Republican presidential candidate and U.S. Sen. Rand Paul fell short of the 60 votes required for it to pass on Jan. 12.

Senate Democrats voted against Paul’s bill, claiming the Government Accountability Office already audits the Fed and the measure would abolish the central bank’s independence.

But what advocates of a full audit really want is a full investigation of how the Fed determines monetary policy – planning that happens entirely behind closed doors. If transcripts are released, they are usually published five years after those closed-door meetings happen.

Read more at http://www.wnd.com/2016/01/rand-paul-feds-claim-of-being-audited-is-a-fa...

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