Rasmussen Poll: 75% In Favor of Auditing Fed »
Posted By tadair919 4 months ago in Political News
So much for the ongoing secrecy of the nation’s independent central banking system. A new Rasmussen Reports national telephone survey finds that 75% of Americans favor auditing the Federal Reserve and making the results available to the public.
Just nine percent (9%) of adults think that’s a bad idea and oppose it. Fifteen percent (15%) aren’t sure.
Over half the members of the House now support a bill giving the Government Accounting Office, Congress’ investigative agency, the authorization to audit the books of the Federal Reserve Board.
The new survey finds that an overwhelming majority of Americans in every demographic category – including age, gender, political affiliation, race and income – disagree with Bernanke and favor auditing the Fed to make its secretive deliberations public.
Read Full Story at rasmussenreports.com »
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tadair919
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tadair9194 months ago
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With the Federal Reserve hiring former Enron lobbyists to convince Congress that this is actually a bad idea then you have to appreciate the effort. Read here: http://online.wsj.com/article/SB124812675913666485...
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“People have been asking whether the Fed is capable of getting its job done right,” said Lynn Turner, a former chief accountant at the Securities and Exchange Commission. “Hiring a former lobbyist from Enron will surely make one wonder.”-
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wtagg4 months ago
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It demonstrates two things: how entrenched the lobby system is and the lack of common sense at this level. That is truly troubling and probably goes a long way in our seemingly unfailing ability to repeat our mistakes over and over.
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fjgalt4 months ago
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This is a post I made about an hour ago on another discussion.
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Shortly after assuming the presidency by FDR, Americans could no longer get their money out of the banks, money then being gold and the paper currency claims on real money. The dollar was devalued to about 40% of its value, an admission that there was 250% more paper currency in circulation than there should have been.
The Fed had kept interest rates artificially low by printing excess currency to keep the boom of the 1920s going and to help out Britain's money problems. When it put the brakes on the unsustainable policy and raised interest rates, the economy crashed.
Ben Bernanke admitted that the Fed caused the Great Depression:
http://www.libertyforlife.com/banking/fed_caused_g...
"If the American people ever allow the banks to control the issuance of their currency.. the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered.” - Thomas Jefferson -
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fjgalt4 months ago
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Support Ron Paul's HR 1207 bill to audit the Federal Reserve.
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http://www.cbsnews.com/blogs/2009/07/28/business/e... -
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tadair9194 months ago
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due to inflation the trillion dollar bill pictured above, can't even buy a loaf of bread. under robert mugabe's rule, zimbabwe elected a system of simply printing up money to pay for all their debts. this diluted the value of the zimbabwe note which lead to the same fate as weimar germany.
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i don't suggest we are going to have hyperinflation, but in case you haven't been paying attention, we've printed up over 10 trillion dollars to take the edge off the crash. mind you, when clinton was elected, our debt used to be only 4.7 trillion. so we've more than tripled our national debt. this is inflation. this means the Federal Reserve is causing the value of your dollar to decline which creates the illusion that prices are "rising."
by the way, magabe has a bachelor's degree in economics from the University of London. which is not a ringing endorsement for macroeconomics (keynesianism). this article blames cecil rhoades for the mess they are in, online.wsj.com/article/SB120761322423196601.html , but for somebody (rhoades) to has been dead for about 100 years, the author (having also attended the University of London), might just be looking for a scapegoat. =) -
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tadair9194 months ago
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Watch the documentary, Money Masters: http://video.google.com/videoplay?docid=-515319560...
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