Ron Paul’s Federal Reserve Transparency act is making its way through congress; this is the latest episode in a long history of American monetary policy. This story is important for regular citizens like us because monetary policy effects the value of our dollar/savings and the power holdings of varies privet entities like the IMF and the World Bank that than inturn use that power to effect the lives of people around the world. Last year Bernie Sanders Fed Audit revealed “$16 trillion in secret loans to bail out American and foreign banks and businesses,” (of cause we know these bail outs did nothing for regular people, just look at all the small business that have gone under sense the bail out). This new audit will do more than Bernie Sanders audit, it will shed more light on the way the Federal Reserve has been effecting interest rates in resent years, which will help to determine how the Feds actions effect the value of the dollar in relation to inflation and conversely how its deflationary efforts effect our ability to pay off loans. The truth is we need to know exactly how our monetary system is being run so that we can start making better decisions for our future; the Federal Reserve Transparency Act will do just that.
July 19, 2012 Sen. Ron Paul questiond Ben Brnanke on his actions as Fed Chairmen.
Chairmen Ben Bernanke looking as cool is ever. Their auditing your FED man! It’s like nothing gets to this guy.
North Carolina district 3 Rep. Walter Jones admits his 2 most regretted votes to be his vote for the Iraq war, and the repeal of Glass Steagall. He also requests a personal correspondence with Chairmen Ben Bernanke on the topic of Glass Steagall.
It is the stronger soul that can admit when they are rung, so good on Mr. Jones. You can find out what Chairmen Ben Bernanke thinks of the repeal of glass steagall on one of my previous blog post, just click (here)!
News coverage on the hearings.
Federal Reserve Transparency act when before the house.July 25, 2012 the
As a side note.
At the beginning of this clip the narrator mentions a republican off shore drilling bill that would add arias for off shore drilling. I don't know what this bill is, but I really can't understand why people want to put our whole planet at risk in the face of real ecological catastrophes like the now forgotten B.P. oil spill, especially while new energy alternatives are available. It just seems retrograde to me, and dangers. It’s sad that even as the house passes a bill that would shed light on fanatical corruption it strengthens the strong hold of corporate corruption.
Ron Paul talks about the audit and bank privilege.
>>If you want to know how the Federal Reserve spends the money that it prints out of thin air or which multinational corporations received bailout funds then pleas use this web site to contact you senator and tell them to support H.R. 459.
>> If you want to know what exactly H.R.459 Federal Reserve Transparency act entails before you personally support it then click here read and the official government document.