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Banksters Win Again – “Audit the Fed” Bill Fails in the Senate

 
HYMIE AND THE SHEKELERS
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01/13/2016 03:02 PM
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Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
[link to www.blacklistednews.com]


When it comes to the Fed, Congress is mired in hypocrisy. The anti-regulation, de-regulation crowd on Capitol Hill shuts its mouth when it comes to the most powerful regulators of all – you and the Federal Reserve. Meanwhile, Congress goes along with the out-of-control, private government of the Fed—unaccountable to the national legislature. Moreover, your massive monetary injections scarcely led to any jobs on the ground, other than stock and bond processors.

– From the post: Ralph Nader Destroys the Federal Reserve in Open Letter – Calls it “Out of Control, Private Government”

Rand Paul’s signature “Audit the Fed” legislation failed to garner the 60 votes needed in the Senate to move the measure forward. Of course, this is merely the latest in a never-ending series of banker victories, and a truly devastating blow against liberty, free markets, transparency and any hope for government by the people and for the people. Ensuring that light is never shined on the Fed’s shady, corrupt and unaccountable bailout activities has always been a key goal of the American oligarchy, and they succeeded once again.

Kudos to Rand Paul for trying, and respect to Democrat Bernie Sanders for voting in favor. Elizabeth Warren voting against is inexplicable and indefensible.

More from MarketWatch:

WASHINGTON (MarketWatch) — A bill that would have allowed Congress to order reviews of Federal Reserve interest-rate policy decisions failed a procedural test in the Senate on Tuesday as supporters failed to come up with the 60 votes needed to cut off debate on the measures.



The measure to curb the powers of the Fed has been a central theme of the presidential campaign of Sen. Rand Paul, a Republican from Kentucky. The legislation would end a ban on the Government Accountability Office’s authority to audit the U.S. central bank’s monetary policy moves that has been in place since 1978. The Republican House has already approved the measure.

The bill was designed to “pull back the curtain and uncover the cloak of secrecy” at the Fed, Paul said on the Senate floor. He said there had not been a full accounting for the swelling of the Fed’s balance sheet — to $4.5 trillion from roughly $800 billion before the financial crisis.

Just 53 senators voted to halt debate on the bill Tuesday. Sixty or more votes for “cloture” would have paved the way for possible final passage of the bill.

The bulk of the opposition to the measure came from Democrats.

Because supporting an unelected, unaccountable bank cartel is so liberal.

Sen. Sherrod Brown, an Ohio Democrat, who is ranking member on the Senate Banking Committee, said Congress should “keep its hands out of monetary policy.”

Fed Chairwoman Janet Yellen called the bill “a grave mistake” and warned the measure could lead to higher market interest rates.

Democratic presidential candidate Bernie Sanders, an independent senator from Vermont, voted for the measure.

Indeed, Sanders knows what he’s talking about on this issue. He wrote the following in 2011:

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

Among the investigation’s key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. “No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president,” Sanders said.

The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse. In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.
Anonymous Coward
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01/13/2016 03:20 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Doesn't stand a chance in the Senate.

To get to that level in America, for the most part, you have to show that you can "play ball".
HYMIE AND THE SHEKELERS (OP)
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01/13/2016 03:25 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Fed Chairwoman Janet Yellen called the bill “a grave mistake” and warned the measure could lead to higher market interest rates.putincow
Anonymous Coward
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01/13/2016 03:27 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Hiemies - 6,000,000 Humans - 0

5a
Anonymous Coward
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01/13/2016 03:28 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Bernie Sanders voted for it
Anonymous Coward
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01/13/2016 03:36 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Cruz didn't bother to show up for it.
HYMIE AND THE SHEKELERS (OP)
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01/13/2016 03:40 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Cruz didn't bother to show up for it.
 Quoting: Anonymous Coward 71030675


NITHER DID JUUUUUUUUUUUUUU AL FRANKEN!!!!!damnedpennywise
Anonymous Coward
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01/13/2016 03:41 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
I'm sure Mitch McConnell will be all over this.

lmao
Anonymous Coward
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01/13/2016 03:44 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Yeah right as if that was EVER going to happen. Until the world realize that the jewish bankers are the reason for the state of the world NOTHING will ever change.
HYMIE AND THE SHEKELERS (OP)
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01/13/2016 03:47 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Yeah right as if that was EVER going to happen. Until the world realize that the jewish bankers are the reason for the state of the world NOTHING will ever change.
 Quoting: Anonymous Coward 71176509


hesright




JUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUS BE JUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUUINGdamnedpennywisecharlielala
Anonymous Coward
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01/13/2016 03:51 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Cruz didn't bother to show up for it.
 Quoting: Anonymous Coward 71030675
Shows you Ted Cruz is a fraud, a puppet to Zionist Bankers and just another bought and paid for Rothchild shill.

If you look at who is sponsoring Ted Cruz, follow the money and enemy media, you'll see this Canadian clown is just another place holder to dilute messages from any real candidates.

That's why you hear so much noise and media coverage on CFR-Goldman Sachs Cruz.

The well informed public, doing their vetting and background check on Ted Cruz would result in 0% support for this conman.

Anyone who supports Ted Cruz is either ignorant or a fool.

PS: Any media outlet pumping Cruz visibility should be your first alarm this guy is controlled scum.
Mabus
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01/13/2016 04:33 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Senate voted

[link to libertyblitzkrieg.com]
Anonymous Coward
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01/13/2016 04:59 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
5 minutes of the number Uno Problemo in the United States of America and the World. Why the world? ...because the FEDERAL RESERVE finances (lends debt) to all the wars, all the invention, all the special interest, Inflation, Unemployment, and all the chaos.




[link to www.youtube.com (secure)]

This video shows the sham and fraud of the entire created Central Bankers robbery schemes.

.
Anonymous Coward
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Canada
01/13/2016 05:11 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Cruz didn't bother to show up for it.
 Quoting: Anonymous Coward 71030675
Shows you Ted Cruz is a fraud, a puppet to Zionist Bankers and just another bought and paid for Rothchild shill.

If you look at who is sponsoring Ted Cruz, follow the money and enemy media, you'll see this Canadian clown is just another place holder to dilute messages from any real candidates.

That's why you hear so much noise and media coverage on CFR-Goldman Sachs Cruz.

The well informed public, doing their vetting and background check on Ted Cruz would result in 0% support for this conman.

Anyone who supports Ted Cruz is either ignorant or a fool.

PS: Any media outlet pumping Cruz visibility should be your first alarm this guy is controlled scum.
 Quoting: Anonymous Coward 71233492


^^^This.

Plus, Cruz said he didn't show up for the vote because he knew it would fail. Well it only fell 7 votes short so it wasn't a landslide fail. The only was this poseur would have known is if he's in on the establishment fix. Smarmy asshole.

hesright


Thread: NeoCon prick Reince Priebus, RNC, FOX debate silence Rand Paul right before Iowa and why you should be pissed

These should be pinned
Anonymous Coward
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01/13/2016 05:14 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
his wife is no charm.
Anonymous Coward
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France
01/13/2016 05:19 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Hang the 44 dual-citizen traitors who voted 'no', problem solved
Anonymous Coward
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01/13/2016 05:25 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Anonymous Coward
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Romania
01/13/2016 05:36 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Hang the 44 dual-citizen traitors who voted 'no', problem solved
 Quoting: Anonymous Coward 70964884


hesright
Anonymous Coward
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Romania
01/13/2016 06:23 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
bump For the Truth!! bump
HYMIE AND THE SHEKELERS
User ID: 46741183
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01/13/2016 06:24 PM
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Re: Banksters Win Again – “Audit the Fed” Bill Fails in the Senate
Hang the 44 dual-citizen traitors who voted 'no', problem solved
 Quoting: Anonymous Coward 70964884


hesrightclappa





GLP