Rand Paul Adds 'Audit The Fed' Amendment To Senate Banking Bill

Authored by Jay Syrmopolous via TruthInMedia.com,

Senator Rand Paul (R-KY) announced on March 5 that he will introduce his “Audit the Fed” legislation, which would permit a full audit of the Federal Reserve System, as an amendment to the Senate Banking Bill. The Senate is expected to vote on the Banking Bill, S. 2155 -  officially known as the Economic Growth, Regulatory Relief, and Consumer Protection Act— this week.

“While we have made great strides in reviving our economy through curbing overzealous regulation and cutting taxes, lasting prosperity will escape us if we do not hold the enabler of big government and our astronomical national debt accountable. It’s time for the Senate to side with the American people by removing the shackles on congressional oversight and lifting the Fed’s veil of secrecy. It’s time for us to pass Audit the Fed,” Paul said in his press release.

Passage of the Federal Reserve Transparency Act (S. 16), commonly referred to as Audit the Fed legislation, 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.

Paul remains steadfast in his commitment to this legislation that he and his father, former Rep. Ron Paul (R-TX), worked for years to pass, with the intent to stop the Federal Reserve’s “unchecked” and “arguably unconstitutional” meddling in the free market economy.

Senator Paul’s 2016 Federal Reserve Transparency Act received nearly unanimous Republican support, in addition to support from Sen. Bernie Sanders (I-VT) and Sen. Tammy Baldwin (D-WI). Ultimately, the bill fell short of the required 60 votes for cloture after Senate Democrats leadership shot it down.

In January 2017, Paul reintroduced the Federal Reserve Transparency Act (S. 16), widely known as “Audit the Fed”. Appearing on Fox New with Tucker Carlson on February 7th, Paul explained why it is important for Congress to scrutinize the Federal Reserve’s monetary policy.

“The main lobby against auditing the Fed is the Fed,” Paul said. When Carlson asked what the major arguments against auditing the Federal Reserve would be, Paul cautioned:

“Some see that the Fed pays for this enormous debt and they love big government, and they know we have to have big debt for big government, and they have to pay for it, so they don’t want to mess with the Fed because right now it is able to accommodate this enormous debt.”

“The reason I want oversight is people get hurt in the downturn,” Paul continued.

“So in 2008, when the housing market went bust, I blamed that on the Federal Reserve. We’re right in the middle of another boom. Anybody seen the stock market lately? It is a boom, just like the real estate boom of 2008, and it will come to an end. I wish I knew exactly when, so I could give your viewers some investment advice, but it will end. There will be a correction.

We have a huge bubble in the stock market created by easy money, free money, everybody has it. Free money! Federal Reserve will hand you bouquets of money. But there will be repercussions, and that will be the downturn. There will be a response or reaction to all of this extra money.

On the prospect of Trump signing the legislation if it were to make it through Congress, Paul said, “We’ve talked about Audit the Fed before and the fact that he supported it during his campaign. I think he will sign Audit the Fed if we can get it to him. The hardest part that we have to overcome is the institution of the Fed itself. The biggest lobbyist on Capitol Hill against auditing the Fed is the Fed.”

“I think it always has a chance of passing, but the hardest part is actually getting a vote on things,” Paul told Reason in an interview. “You never know unless you try.”


MK ULTRA Alpha Disgruntled Goat Wed, 03/07/2018 - 01:34 Permalink

Lets count all the gold, then ship it to Cheyenne mountain for safe keeping.

That's the tunnel in the mountain, NORAD defense headquarters. We can build another tunnel on the other side of the command and control complex, and anyone taking gold out would have to go through all the USAF personnel manning the warning system.

And if it is over 8000 metric tonnes which is the published amount, then will all the anti-American foreign trolls and the Obama communist kids say there is a 8000 metric ton stockpile?

No, they wouldn't, because they're parrots and a parrot can only repeat what it's told to say, the parrot didn't start talking on his own, just like you, it takes propaganda from both the MSM and the internet. You're told what to parrot, you do it. 

They're many saying there is no US gold and China is going to destroy America with gold, it's crazier by the minute on the ZH board.

Lets audit the gold, lock it up at one location instead of every where and can we get the gold back from the world bank? See we had to give some of our gold to the World Bank, can we have it back because the "We are the world..." crap didn't work, and the World Bank, the World Health Organization, the World Trade Organization, and the other one world government didn't work so can we get out of this UN imposed straight jacket, it can never be this Kumbaya kind of utopia which was a fantasy developed to allow the one world government system of control to be run by communist Khazar Gypsies who call themselves Jews, like Goldman Cohen.

We want to abolish the Fed after audit. And we want to withdraw from all the "World" this and that, and we want the UN moved to a more neutral site like Belgium instead of allowing hateful anti-America foreigners who vote against the US all the time, we don't want them here anymore.


In reply to by Disgruntled Goat

ImGumbydmmt HRClinton Wed, 03/07/2018 - 00:14 Permalink

OHH You mean This guy


Love Shack Baby!

I got a Chrysler and it seats about 20!

So Come on an bring your juke box money!


Sign Says stay Away Fools!

Hugging and a kissing and wearing next to nothing...

Folks Lining up outside just to get down! 

Bang Bang Bang on the door Baby!

I can't hear you!

On the door Baby!



you never knew What Rand Paul was doing in the 80's did you?

In reply to by HRClinton

Pew Pew Pew HRClinton Wed, 03/07/2018 - 10:40 Permalink

By far, the major disappointing fact is that Ron and Rand don't (or haven't) "sell" ("sold") this (and similar past) legislation well.  We all have a stake in first auditing and eventually dissolving the Federal Reserve system.  When they get in front of a camera, they come across as babbling busybodies.  [Down-vote me if you want to, but know that I have voted for Ron for POTUS in each of the last three elections.]

The Federal Reserve Bank and system has ZERO accountability to the Congress which has the enumerated powers of coining money and regulating the value thereof (Article 1, Section 8 of the U.S. Constitution).  I see the term "Deep State" tossed around arbitrarily on ZH - and I wonder if folks consider that the "Deep State" consists of more than just appointed bureaucrats.  Congress no longer "regulates the value thereof" because that body has delegated away the power to "make" money to the Federal Reserve Bank.

"Permit me to issue and control the money of a nation, and I care not who makes its laws!" ~ M.A. Rothschild (allegedly)


Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become “profiteers,” who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. ~ John Maynard Keynes, The Economic Consequences of the Peace, 1920 printing, p235-236

"The FED" has the unchecked power to devalue the U.S. Dollar and never hesitates to do so.  Some sources conclude that the dollar has been depreciated by 96% (or more) since the 1913 passage of the Federal Reserve Act.  Several major events have 'helped' this steady devaluation (Think:  Loss of Purchasing Power) such as the 1933 Roosevelt Executive Order prohibiting private ownership of gold and the 1971 Nixon abandonment of the Bretton Woods Agreement (sometimes referred to as the Gold Exchange Standard).  

Auditing "The FED" would take a giant leap toward monetary and credit reform and potentially a reversal of the marked devaluation of our currency.  It would make visible to the We, the People and to the Congress who is accountable to us.  Without this audit, we are merely serfs in a system designed to systematically steal our wealth and hand it over to private interests who pay our lawmakers to pass legislation favorable to them - not us.

I wish the Pauls would work on this message so that it might become part of the national consciousness.

In reply to by HRClinton

Give Me Some Truth dirty fingernails Tue, 03/06/2018 - 21:47 Permalink

The audit would have to be legit and comprehensive (and the auditors would have to assume that the Fed's leaders are trying to cover everything up) and the entire results presented to the public.

But we can worry about execution of the audit proper later. First, let's pass the legislation.

Note also how EVERY MSM organization will come out against this audit. So much for holding those with limitless power accountable.

In reply to by dirty fingernails

Conscious Reviver A Sentinel Tue, 03/06/2018 - 23:34 Permalink

How about - How the Fed skims the livelihood out of the country with the 6% on all the debt money they issue? Debt that they don't even back. It's backed by the full faith and credit of the US. 

So why the Bankster middleman and his 6% cut? What is he bringing to the table?

And once in, they are never going to voluntarily give it up. In fact, once in, the power of the printing press means they quickly own the government and media to protect their scheme.

In reply to by A Sentinel

BraceforImpact Tue, 03/06/2018 - 20:58 Permalink






Give Me Some Truth Krink26 Tue, 03/06/2018 - 21:55 Permalink

Rand said Trump supported Audit the Fed in the campaign. I remember him mentioning it only one time, but that comment was supportive.

He has now been president for 14 months.  He has never since uttered the words, or typed the words on twitter, "Audit the Fed." Nor have any of his Goldman Sachs advisors.

So Trump will work to kill this. The irony is that a full audit could save his presidency. He needs to not only support this, but make it the centerpiece of his presidency.

There's no way in hell you can "drain the swamp" with the Fed-government complex acting the same as they have for decades.

In reply to by Krink26