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03:26 PM
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Ron Paul's FED Audit Approved By House Committee!!
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[quote:Anonymous Coward 713727:MV8xOTEwNDI2XzMxOTU1MDIxXzFDQzFEOTI0] Thanks for the Pin! But also thanks to those who continue to keep their eyes open and remain vigilant. We decide our future, not them. [/quote]
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"In a nearly unanimous voice vote on Wednesday, the House Oversight Committee approved a bill that would require the U.S. Federal Reserve to conduct a first-ever complete audit of its books and divulge details about its monetary policy discussions. The bill is expected to be taken up by the full House of Representatives sometime next month.
Paul, a longtime critic of the Fed and fiat currencies in general, had previously supported an audit that became part of the Dodd-Frank Wall Street Reform and Consumer Protection Act. That audit required the Fed to disclose its lending practices during the 2008 financial crisis, revealing that the bank doled out more than $16 trillion in loans and assets swaps to financial institutions all over the world in an effort to stabilize global markets and keep credit flowing..."
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link to www.rawstory.com
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