Republican Controlled House Committee Passes Measure to Audit the Fed

The_Real_Fly's picture

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.

Content originally generated at iBankCoin.com

 

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ALANBEEKMAN's picture

How do you audit a central bank that writes their

own rules and doesn't adhere to GAAP accounting

principals?

HenryKissingerChurchill's picture

yeah right like "the crown" and "the city" would alow such misdemeanor from the goyim cattle

ConnectingTheDots's picture

There should NEVER be anything like a voice vote. All votes should be formal and placed into the public record so we can see how "our" representatives are voting.

shortonoil's picture

If they audit the FED they will find out that it has already collapsed; along with two sock puppets, a family of gerbils, and a few creatures right out of the Lord of the Rings.

CalifornianSeven's picture

Is there such thing as an "independent auditor"?  Will they understand the corruption when they see it?  It's doubtful...

GRDguy's picture

Agreed. Enron was audited, too.

shutterbug's picture

NEW BROADWAY SHOW IN TOWN .... "Let's Audit the FEDS!"

Coming in the theater soon, and some roles are still available!! Just don't expect to get payed or to consider it reality.

IT's ALL FAKE.

IranContra's picture

A bunch of rabbis and witches who print money say we owe them trillions. No we don't.

GunnerySgtHartman's picture

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.

And higher rates would be bad WHY????  A true Fed shill.

Berspankme's picture

First question for the imbecile yoda. Why do you target 2% annual devaluation? Please explain

LawsofPhysics's picture

Money creation has not required real collateral for quite some time.  Remember, absolute power corrupts, absolutely.

In our current monetary system bankers/financiers are nothing but useless middlemen stuck between the printer/computer and the producer/consumer in the real economy.

Fuck em, even economies evolve, time to execute all the middlemen.

"Full faith and credit"

tick tock motherfuckers.

Davidduke2000's picture

With all the investigations about pedophiles in the ranks of congress members there is a severe shortage of gerbils  as most members want to have fun, we may see inter racial and inter parties fucking to prove they are not part of the pedophilia groups.

Of course this include central bankers. 

GotAFriendInBen's picture

Utter BS story

No way Reps are up for audit, especially now that they have keys to the ink supply room

Dems are Reps are one and the same when it comes to ultimate objective

None includes you

 

aloha_snakbar's picture

Audit the Fed...LOL... that is about as likely as Barky Soweeto turning into a heterosexual....

Reaper's picture

$4 trillion dollars in assets corrupts everyone, including auditors.  Simply subpoena or seize records of out-payments for several years.  Let anger at foreign and others leeches destroy the Fed.  Auditors are corrupted by the desire to be hired for the next audit, aka Enron.

ronaldwilsonreagan's picture

It is a great idea but watch what people do do listen to what they say. Nothing comes of this. 

VWAndy's picture

 Whores auditing their pimps. The federal budget/payrols are only possible by the fiat magic. To even think those cats would destroy the only way they are going to get paid the kind of money they are is wishfull thinking at best.

 Hell thats why the government and banksters went for it from the start. They wanted to create a gravytrain for themselves to ride. After riding it for the last hundred years they simply dont know any other way.

   The stall and bartering. Other than that no way are they going to be slowing down the gravytrain.

Bay of Pigs's picture

The Feds balance sheet is a steaming pile of shit.

J J Pettigrew's picture

easy in
impossible to get out
they are geniuses on the way in
still not out yet
kinda like trading
Bernanke wrote WSJ article explaining exit plan 8 effing years ago!!!
these people have theories but no real world experieces

oncemore's picture

They do not need audit at FED.

They need 10feet x 10feet cold place.

Stop Probate Fraud's picture

Screw the government.

What would happen if a few dedicated souls began to back-edit all the Fed's known transactions?

The numbers are in there somewhere!

We could do a forensic accounting of what is in the public domain.

It wouldn't be spot-on accurate, but the broad-strokes would be in the ballpark.

DuneCreature's picture

Well, this ought to be a hoot.

When was the last time we saw real numbers out of the DC swamp? .. 1490 AD something? .. That was an oyster shell audit that was only fudged a few mollusks.

Audit shit,................let's "Pull it!" like we did WT7.

Live Hard, Maybe Tyler Can Put The FED Audit In A Chart For Us So We Can Study It For Anomalies, Die Free

~ DC v5.0

any_mouse's picture

Makes perfect sense.

The FED is independent of the Federal government.

Unfortunately the Federal government, the economy, Main Street, et al. are DEPENDENT on the FED, a private, secretive institution run by unelected people who think they know, and are, better than everybody else.

Kill 'em all and let YHWH sort 'em out.

J J Pettigrew's picture

The Fed is Not independent of Goldman, JP M, etc

runnymede's picture

If the record is to be believed, YHWH unfortunately was declared to be most pleased when his chosen were killing and plundering the less chosen of his creations.

detached.amusement's picture

the record is rife with it demanding blood sacrifices

SunRise's picture

So are you asserting that no civilization legitimately exists if it's established and maintained by force and further, that you the righteous would not choose to live in such a place?

runnymede's picture

Do not underestimate the giant squid. There are so many more levers to be pulled, congressmen to be bought, lies to be disseminated, careers to be blackmailed, families to be threatened, judges to be bribed. The Fed will not be audited until after there is a total meltdown and the players have gone incognito in flyover country properties. Assuming there's anything left to audit. 

Normal humans do not fully grasp the nature of squid psychopaths. They do not have any rules. They do not have any morals. They do not have any boundaries. Whatever it takes. 

This is their advantage. Few truly understand it. 

Even if there was a law passed to audit--- who would audit? And you trust the information provided? Which set of books would you get? And on and on.......

Kokulakai's picture

Don't need an audit.

Jail past and present Chairs, and Governors.

Construct the gallows within their view.

Countrybunkererd's picture

and when all else fails, car crashes, plane crashes, bullets if necessary, until everyone gets back in line.  Until people value themselves less (yeah right, i don't see that soon) and what the truth is more this will continue. 

ConnectingTheDots's picture

You forgot getting suicided, like they did to Aaron Swartz.

FIAT CON's picture

Ron Paul was/ is ahead of his time.

detached.amusement's picture

the rest of history just never learned enough from ol hickory

NobodyNowhere's picture

Will they find out the guarrantees Fed gave Chinese during sub-prime crisis?

Anyway, should an audit happen, I expect either a massive coverup by the Fed or a major world  economic debacle.

Osmium's picture

If I was counterfeiting currency, I would not welcome an audit either.

QuantumEasing's picture

If Trump wasn't worried about being Kenne-died, he would simply pull their corporate charter. Can't do business in the States. All assets seized.

Revert to printing US Notes, spend into existence rather than loan.

But again, the SS are not there solely to protect the POTUS. The Praetorian guard had swords with two edges...

SAE6065's picture

It's all about THE BENJAMIN'S folks. They have it and we don't. We don't belong to the CLUB, Like George Carlin told us. It's been this way for over a hundred years and I don't see it changing anytime soon.

Spectre's picture

Won't happen, but it should.  I'd like to be a guest speaker at the full house hearing on it and ask why the FED can be owned by 7-8 private domestic and Int'l banks and run the world financials on their own merit devoid of a yearly audit ??  Case closed !!!

Seasmoke's picture

With all that has happened in March alone. How is Gold still still stuck at $1250. 

Jimmy Jimmereeno's picture

The gold market isn't stuck at $1250; the market has had an impressive 2 week rally from $1195.  The 200 day moving average on spot is just above $1260 where sellers asserted their stuff exactly a month ago.  The buy side of the market is testing whether or not the sellers are going to stand firm again in this area. 

The gold market's intermediate-term downtrend from the 2011 high hit bottom in December 2015.  Since then the market has not been able to demonstrate a reversal of that trend - action is all potential bottoming.  Give the market some leeway to demonstrate what it is doing in the bigger picture context. 

slicktroutman's picture

I can see both gold and silver getting slammed down yet again most likely in the next couple of days. It's fixed pure and simple. Who would sell into a weak market intentionally?

John Law Lives's picture

Please do it!

I want to see Yoda lecture Congress re. why they shouldn't audit the Fed, and I want to see Congress tell Yoda in response to F.O.

slicktroutman's picture

I'd rather see her head on a pole along with a few others.

hxc's picture

HAH XD trying to figure out which Yoda

Madcow's picture

Democrats are in full panic mode. They'll do ANYTHING that threatens Authoritarian Rule by Pedophiles.  Lying, censorship, FOIA request denials, audit refusals ... Their sick parade is OVER. All they can do now is try and pass a law to round up and execute everyone who's not recently been convicted of a sex crime, financial crime or war crime. And good luck with that ! (outside of DC, NYC and hollywood of course). 

PlayMoney's picture

Now that could upset the markets. People find out the Fed has printed $100 Trillion, well................

hxc's picture

Dam fucken right! Bring it on! I'd take hyperinflation over a bubble popping right now, and I've never felt that way until Señor Trump got elected.

Better to get out in front of it, as opposed to letting the communists blame Golden Grahams for the collapse once the (otherwise deflationary and intentionally engineered) collapse happens. This way, us gold- and silver-bugs make more ca$h money on the side and we can point to moneyprinting and the FED (really central banking) as the ultimate cause of cyclical depressions, hopefully wiping their sick perverted lying thief murderer asses off of the face of this fucked-up planet forever.

Clear out the malinvestment caused by moneyprinting, by destroying the value of the masonic/satanic/ziocon USD while also taking out the Federal Fucking Reserve??? Audit that shit NOW!

Newsboy's picture

"AMERICA, Fuck, Yeah!"

brianshell's picture

Congress;

1. Issue United States Notes.

2. Revoke the Fed's charter.

3. Vote to require all banks maintain 100% reserves.

Stab the beast in the heart.