Rand Paul Introduces Bill to Audit the Fed, Says it Has Trump Support

The_Real_Fly's picture

Literally nothing is going to happen here. Let's not pretend Congress will actually pass a Rand Paul bill that simply requests for the Federal Reserve to be audited. After all, they're the central bank for the world now, rigging markets and fixing rates almost on demand. There are a lot of people with a lot of questions for the Fed -- an entity who presides over an unlimited balance sheet and the power to both print fiat currency at will and to increase the amount of interest it charges the U.S. government.

Any person or entity under the auspices of the SEC or FINRA is forced to undergo routine audits, just to make sure everything is kosher. Why isn't the same standard used for the Fed?

Rand Paul wants to change that and he says it has the support of President elect Trump.
 

On Tuesday, U.S. Senator Rand Paul reintroduced his Federal Reserve Transparency Act, widely known as the “Audit the Fed” bill, to prevent the Federal Reserve from concealing vital information on its operations from Congress. Eight cosponsors joined Senator Paul on the legislation.
 
Representative Thomas Massie (KY-4) has introduced companion legislation, H.R. 24, in the U.S. House.
 
“No institution holds more power over the future of the American economy and the value of our savings than the Federal Reserve,” said Sen. Paul, “yet Fed Chair Yellen refuses to be fully accountable to the people’s representatives.”
 
“The U.S. House has responded to the American people by passing Audit the Fed multiple times, and President-elect Trump has stated his support for an audit. Let’s send him the bill this Congress.”
 
“The American public deserves more insight into the practices of the Federal Reserve,” said Rep. Massie. “Behind closed doors, the Fed crafts monetary policy that will continue to devalue our currency, slow economic growth, and make life harder for the poor and middle class. It is time to force the Federal Reserve to operate by the same standards of transparency and accountability to the taxpayers that we should demand of all government agencies.”
 
On January 12, 2016, a bipartisan Senate majority voted 53-44 in support of Audit the Fed.
 
S. 16 would require the nonpartisan, independent Government Accountability Office (GAO) to conduct a thorough audit of the Federal Reserve’s Board of Governors and reserve banks within one year of the bill’s passage and to report back to Congress within 90 days of completing the audit.
 
Audit the Fed would amend section 714b of Title 31 of the U.S. Code to allow the GAO to fully audit:
 
transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
 
deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
 
transactions made under the direction of the Federal Open Market Committee; or
 
a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

paul

Isn't anyone interested in learning how this happened and how they intend to unwind it?

feds-balance-sheet

 

 

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whoisjg's picture

Zirp Zombies is a great book on how the fed enslaves nations

Radical Marijuana's picture

Auditing the Fed would merely be like getting a CAT scan of terminally fatal metastasized cancer.

The established monetary system has spread everywhere, throughout everything, such that society as a whole has become too sick and insane to be able to recover. Any possible "treatments" would precipitate killing the patient. Instead, the only courses of action which are politically possible are palliative care, to keep the patient comfortably alive for as much longer as possible, despite that the illness is still going to eventually be fatal anyway.

A recently manifesting symptom of that overall situation was reviewed by Mike Kreiger in

Donald Trump Has An Enormous And Very Dangerous Wall Street Blind Spot

Only those who were already plugged into the established systems based upon public governments enforcing frauds can effectively participate in perpetuating those systems, despite that those are necessarily getting exponentially more fraudulent, in the same ways as perceiving the FUNDAMENTALS that the monetary and taxation systems have become runaway metastasized cancers, whereby every sociopolitical institution has been so thoroughly infected that any serious attempt to stop that from happening would precipitate the crises that are going to eventually happen anyway.

Having more insider knowledge, such as perhaps made publicly available by some audit of the Federal Reserve Board, is surely going to discover and demonstrate what I have already outlined above. Such an audit would merely be like giving some particular label to a terminally fatal illness, which otherwise would not be able to change anything, but rather, only more conclusively prove how objectively hopeless the actual underlying situation had already become.

Some favourite quotes indicating what is REALLY HAPPENING due to the FED:

Existing money systems were established through the following methods:

there are no reasonable doubts about the basic history of
the currently established systems of public governments
enforcing frauds by private banks
as described by Carroll Quigley:

"... powers of financial capitalism had another far-reaching goal, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole ... to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements. ... The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations. ... It must not be felt that the heads of the world's chief central banks were themselves substantive powers in world finance. They were not. Rather they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up, and who were perfectly capable of throwing them down. The substantive financial powers of the world were in the hands of these investment bankers who remained largely behind the scenes in their own unincorporated private banks. These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks."

 

"If history shows anything, it is that there’s no better way to justify relations founded on violence, to make such relations seem moral, than by reframing them in the language of debt — above all, because it immediately makes it seem that it’s the victim who’s doing something wrong."

— David Graerber

http://www.conspiracyarchive.com/NWO/silent_weapons_quiet_wars.htm

Silent Weapons for Quiet Wars

"Energy is recognized as the key to all activity on earth. Natural science is the study of the sources and control of natural energy, and social science, theoretically expressed as economics, is the study of the sources and control of social energy. Both are bookkeeping systems: mathematics. Therefore, mathematics is the primary energy science. And the bookkeeper can be king if the public can be kept ignorant of the methodology of the bookkeeping. … In this structure, credit, presented as a pure element called "currency," has the appearance of capital, but is in effect negative capital. Hence, it has the appearance of service, but is in fact, indebtedness or debt. … if balanced in no other way, will be balanced by the negation of population (war, genocide)… They must eventually resort to war to balance the account, because war ultimately is merely the act of destroying the creditor … War is therefore the balancing of the system by killing the true creditors (the public …)"

The excessive successfulness of controlling Globalized Neolithic Civilization through applications of the methods of organized crime has driven that Civilization to manifest runaway criminal insanities. That tragic trajectory has made it become politically impossible to have any relatively rational public debates regarding the combined money/murder systems. Even on Zero Hedge, the content tends to only present superficially correct analyses of the apparent anomalies driven by sociopolitical systems based upon being able to enforce frauds becoming exponentially more fraudulent, which then tend to be followed by superficial "solutions," which are bogus because the original analyses were too superficial to begin with.

 

The indebted state of the world, and the USA in particular, is due to public governments enforcing frauds by private banks. However, while the majority of people do NOT understand that, because they have been conditioned to feel like they do not want to understand that, there is no publicly significant opposition that is not effectively controlled by staying inside of the same frame of reference regarding the general ignorance and/or misunderstanding of money, which tends to assert the same old-fashioned DUALITIES, false fundamental dichotomies, and related impossible ideals, regarding what money should be, that deliberately ignore and/or misunderstand what money IS.

Natural selection pressures have driven the development of the artificial selection systems of Globalized Neolithic Civilization to become as dishonest as humanly possible, as well as to continue to endeavour to become even more dishonest, by continuing to enforce frauds. The more radical truths are that the political economy operates INSIDE the human ecology. The money systems operate INSIDE the murder systems. The established systems are due to the prolonged and persistent application of the methods of organized crime through the political processes, such that the international bankers have become excessively successful at making and maintaining "a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole." Along with that, the corollaries developed that the schools and mass media aided and abetted making and maintaining "a system of international cooperation and national dominance which was more private, more powerful, and more secret" than anything which was publicly described or debated by the socially significant schools or mass media. 

There is almost nothing which is publicly significant than the core of triumphant organized crime, banker dominated governments, surrounded by layers of controlled "opposition" groups that stay within the same overall bullshit-based frame of reference regarding what money should be, that deliberately ignores and/or misunderstands what money IS. That the established debt slavery systems are generating numbers which are automatically becoming INCREASING debt insanities is built into the structure of those debt slavery systems. However, since those systems are based upon the social successfulness of being able to enforce frauds, those are also based upon the vast majority of people adapting for generation after generation to living INSIDE enforced frauds, which requires them to develop attitudes which deliberately ignore the principle of the conservation of energy, as well as misunderstand the concept of entropy in the most absurdly backward ways. Therefore, most of the bogus "solutions" offered by various groups of people who promote their own favourite versions of what money should be tend to NOT go beyond pointing out the apparent anomalies driven by what money IS.

MONEY IS MEASUREMENT BACKED BY MURDER.

The established systems of MAD Money As Debt are due to triumphant organized crime making and maintaining the Globalized Neolithic Civilization that currently exists, as the fundamentally fraudulent financial accounting systems that almost totally dominate the entire political economy. Furthermore, all significant geopolitical events are due to that hegemony attempting to continue to consolidate itself, against some scattered resistance from various controlled "opposition" groups, who are mostly controlled by the ways that they continue to take for granted thinking within the same frames of reference that created the problems in the first place.

The biggest bullies' bullshit, which became the banksters' bullshit, has been built into the basic structure of the dominate natural languages and philosophy of science. Therefore, almost all of the people who notice the exponentially increasing apparent anomalies, due to the existing debt slavery systems generating numbers which are more and more becoming runaway debt insanities, still do NOT go through more profound paradigm shifts with respect to those, but rather, tend to collapse based to being controlled "opposition," which recommends somehow realizing their various favourite impossible ideals regarding what money should be.

Sorry folks!

MONEY IS MEASUREMENT BACKED BY MURDER.

There are NO ways to fix any of the political economy problems without fixing the human ecology problems. However, the essential nature of both those kinds of problems are due to the history of successful warfare based on deceits and treacheries becoming successful finance based on enforcing frauds. So far, progress in physical science and technology has primarily been applied to get better at backing up bigger frauds with more force. I.e., the previous systems of paper money frauds, backed by gunpowder weapons, have become globalized electronic money frauds, backed by the threat of force from atomic weapons: MAD Money As Debt, backed by MAD Mutual Assured Destruction.

Human beings and civilization should better understand themselves as manifestations of general energy systems. However, doing so has to accommodate to the facts that MONEY IS MEASUREMENT BACKED BY MURDER, which facts are as paradoxical as the ways that warfare was the oldest and best developed forms of social science and engineering, whose successfulness was based on the maximum possible deceits and treacheries, which then became the basis for building political economy whose successfulness was based on the maximum possible enforced frauds, all of which kinds of successfulness required that the vast majority of people neither understood that, nor wanted to understand that.

It is possible to reconcile what money IS with general energy system principles. It is NOT possible for any impossible ideals regarding what money should be to be realized, because NONE of those can be reconciled with general energy principles. Human beings and civilization live as toroidal vortices of entropic pumps of environmental energy flows. However, because that is the case, natural selection pressures have driven the development of artificial selection systems to become as dishonest as those could possibly become, while those endeavouring to become even more dishonest is expressed by the established debt slavery systems automatically generating numbers which are INCREASING DEBT INSANITIES ... which appear to have no other realistic resolutions than to eventually provoke eruptions of death insanities ...

As long as the issues regarding political economy problems continue to be discussed using the same old-fashioned DUALITIES of false fundamental dichotomies and related impossible ideals, then those problems continue to be stuck inside the same frames of reference that created those problems in the first place. If and only if political science goes through sufficiently profound paradigm shifts in order to start using more UNITARY MECHANISMS might it become possible for the runaway debt/death insanities to perhaps go through series of psychotic breakdowns to eventually recover by developing some better combined money/murder systems.

To audit the FED, as a first step towards Ending the FED, probably tips the established systems into irreversible "revolutions" ...

fbazzrea's picture

a link or digestible excerpts works so much better on the comments thread.

One of We's picture

What would an audit accomplish?  Snowden basically audited the NSA and found violation of the 4th amendment but what changed?

dexter_morgan's picture

Ideally, it would lead to an END THE FED bill. Yeah, I guess I'm just a cockeyed optimist...........

One of We's picture

Agreed but in reality the audit would just show that the fed has been creating fiat like crazy which is the main reason the continental congress did not give states the rights to print their own money but the congress and courts won't do shit.

Ckierst1's picture

And that plus some of the other likely findings is useful information to cause some people to finally wake up and smell the coffee and to kick the media's ads some more and maybe celebrate some politician witch hunts to further drain the swamp.  Who knows what odious critters may crawl out from under the protective rock.  Maybe we can have some really neat public trials and, if things get bad enough, decorate some lamp posts.  Anybody up for a jubilee, after all, we only owe it to ourselves, although some of our selves are banksters, lapdog pols and judges and turnstile bureaucrats, plus the MIC, oligarchs and the acadamned.

LibertarianMenace's picture

I say there Fed Banksters, see the scene at the end of the fillm "Patton", with the German High Command burning their files in open garbage cans in their bunker. If it's not documented, it NEVER happened.

Idiots! Rand, you can't just announce this, you've got to hit them with a surprise attack.

fbazzrea's picture

Rand, you can't just announce this, you've got to hit them with a surprise attack.

unfortunately, the Senate doesn't work that way. and if the paper trail vanishes by terrorist attack or accidental deleting, the proper response would be to assume that as a plead to "guilty as charged."

Ckierst1's picture

Maybe Wikileaks has some thoughts?

conraddobler's picture

It's just a negotiation tactic.

It's not a real revolution but a stiffarm to the face of some people who forgot that was possible just to let them know they have gone too far.

It's not an attempt to actually fix things, it's more like stop raping people flagrantly in public at high noon, do that shit on the down low, jeez.

That's more or less what this is.

Fishy Rickster's picture

Perhaps then more people will understand that the Federal Reserve Notes they carry are notes of debt the international banks have bribed our 'leaders' with.  An audit will be difficult.  We have been schmoozed with 'Islam is a religion of peace', and 'debt is good' for decades now.  It will take courage to face hard truths, rather than to hide in Cassandra land.  Yet a steady drum beat may gather an awakening to the danger at the gates.  For many of our people now see the enemy within, now is the time that we are directed to the enemy without.

Hat tip and a ;) to the Lord's Rothschild, we see you.

TheWrench's picture

Dear PEOUS, remember to stay away from the windows.

DuneCreature's picture

Oh sure, the pirates will let the victims help count up the booty take.

Don't they just pull money out of their ass? ... Who wants to touch that?

Live Hard, What's To Count? ... Thin Air Molecules?, Die Free

~ DC v4.0

pocomotion's picture

An audit may show us that they have a low tolerance to pain and that they bleed just as spirituous as we do, figuratively speaking of course.

Farqued Up's picture

Why delineate the audit with caveats and clarifications, why not......

Audit everything semiannually, anyone cooking the books will have his head removed by a dull guillotine. Have a rider that immediately begin phase over from a private bank to one under total control of Congress and the Dept of Treasury snatched out of the Executive Branch.

UndertheDRADIS's picture

More importantly, it may be necessary to nationalize the banks in order to flush them and bring something back that approaches sanity.

fbazzrea's picture

banks? which banks? all banks?

decentralization and privatization in a truly open capitalist banking system is the solution.

since when did government EVER manage anything without political manipulations?

President Jackson would roll over in his grave if the US nationalized the banking system.

btw, that's called communism. ask China. they'll tell you how it's working out.

 

RothschildPrivateEquity's picture

No one is Washington wants to see the Fed audited. That would show everyone how much money was stolen on their watch, it would be like voting themselves out of office.

ToSoft4Truth's picture

Audit the FED, Social Security goes away, our parents end up living in our basements..  unless of course you don't have a paid off house.  In this case, you fight your parents in my basement. 

Clock Crasher's picture

I keep telling my parents "when the revaluation(s) occur you were either years early or not.  If not you are going to be locked out of one system and trapped in the other.  Everyone thinks they will have time to react when in reality you need to be ahead of the trend.  Unfortunately this makes you look/feel/act like a moron/conspiracy theorist in the interim."

Having a house paid for is meaningless when you can't cover taxes.  Parents sock every paycheck into checking accounts.  Literally giving ALL of their money to corporations that are ponzi in nature with no care/fuss/wonder in the world.

That guy from the central bank back a few hundred years ago got audited.  He died in prison before giving up the secrets. whats his name Bibi or something like that.

If an audit the fed bill passed there would be a jet liner impacting the side of the eccles building the same afternoon and the concrete, steel and marble would dematerialize along with all data contained there in.

An audit the fed bill would trigger em mass insider selling of all debt instruments, treasuries and dollar index.  Then the speculators and HFTs would exaggerate that momentum and the greedy sheep turn fear full and sell at the lows. 

Audit is never going to happen.  Its a matter of national security. 

pocomotion's picture

I am looking for a sound broker to manage our life savings.  I've looked in bars and never found one. 

I thought I would try Zero Hedge for a change, and hoping your the real deal.

Clock Crasher's picture

Heres the deal

10% long a few select miners and mining finance companies

10% long leveraged mining indexes

50% long phyz gold/silver

10% long volatility

10% long phyz chash

zero or minimums in banking accounts

10% goldmoney accounts with "gold back" master card for point of sales card transactions

warning: periodic side effects may result in white knuckle intesity between large body intervention and manipulation

fbazzrea's picture

admittedly impressed. for the current macrotrend, i concur. (:

and that's my downvote on your previous comment due to:

Audit is never going to happen.  Its a matter of national security.

it IS going to happen. DJT is going to post their hides to the wall for all to see.

yttirum's picture

A couple times in the last month I've stated that going after ill gotten gains with allied support would virtually balance global GDP and allow for "real" markets to emerge again. Auditing the Fed is the key to repatriate these gains, assets, prescious metals, land, and the list goes on. Also, adding to that it will put China straight outta business because they will be hooked for good with all their illegal back door dealings.

Clock Crasher's picture

thx fbazzera

downvotes are part of the discussion and are good source to gauge sentiment

as for an audit never happening or not I suppose we will just have to wait and see

I would love to see it

The "conspiracy theory" side of me some how feels there is a small chance DJT is going to be either a Soma-Salesman or Mega-Psyop

Most interesting time to be alive!

popcorn and travel visas to New Zealand for all

xavi1951's picture

GOLD audit would be nice

Conax's picture

An audit of the Comex and SLV would perk my ears up, too. Let's see those 10,600 tons SLV is sitting on.

New_Meat's picture

Another opening bid in another negotiation, provocative and another wake-up call to the hoi polloi