Vote to Audit the Fed

http://www.cruz.senate.gov/record.cfm?id=348044

"Cruz: Bring Transparency to the Federal Reserve, Vote to Audit the Fed


Contact: / (202) 228-7561
Wednesday, November 13, 2013

WASHINGTON, DC -- U.S. Senator Ted Cruz (R-Texas) released the following statement in advance of Janet Yellen's Thursday hearing before the Senate Banking Committee:

"I agree with Rand Paul: before the Senate votes on whether to confirm Janet Yellen, we should at the very least allow a vote on the Audit the Fed bill. The Federal Reserve has expanded our money supply by trillions, benefitting Wall Street but making life harder for millions of Americans struggling to make ends meet. Never-ending quantitative easing threatens to undermine the dollar and to drive up prices on everyday goods from food to gasoline to the basic necessities of life. We need to bring transparency to the Fed, so the American people can understand the scope and consequences of its policies."

###

I love the idea but I have to believe that the only way you would get an honest appraisal would be to have a commercial firm conduct the audit. How much daylight do you think the final report would see? I bet that report would be more highly classified than Barry's college transcripts and actual birth certificate.

Bad idea, the world economy would fall apart if the truth comes out.
Have enough .22LR ammo to pay your mortgage?

Is that like auditing the local serial killer? Perhaps it would be better to stop him and not be as concerned with his economics after he is gone?

I fear we have gotten to the point where Fred is right. Kicking the can and not having kids (unless you hate them) is now the only solution.

on that note wrote:
I fear we have gotten to the point where Fred is right. Kicking the can and not having kids (unless you hate them) is now the only solution.

Thats the opposite of a solution. We need to have as many kids as possible to pay down the debt. Maybe we can be the new China and have factories full of kids cranking out cheap junk for the rest of the world.

But I also agree if we were to audit the Fed, we wouldn't like what we find.

Rick wrote:

on that note wrote:
I fear we have gotten to the point where Fred is right. Kicking the can and not having kids (unless you hate them) is now the only solution.

Thats the opposite of a solution. We need to have as many kids as possible to pay down the debt. Maybe we can be the new China and have factories full of kids cranking out cheap junk for the rest of the world.

But I also agree if we were to audit the Fed, we wouldn't like what we find.

I think in principal we agree on much.

But in response, the solution to the serial killer running out of people to kill is not to import more people from the next town or have more kids.

But in reality we need both more kids to pay down the wants of our parents as well as better policy so we don't need to breed another generation of to pay back the wants of the last generation.

Or we could raise taxes on seniors, the ones that asked for this crap vs. kids, the ones that had no say or were not even born. That would not fit in with the "me" generation though would it, it would slow them down from eating that cake (they already had).

Gee, one might think this is a good time to shake the snowglobe of the ACA to make sure no one can see through it to the fed.

otisptoadwater wrote: I love the idea but I have to believe that the only way you would get an honest appraisal would be to have a commercial firm conduct the audit. How much daylight do you think the final report would see? I bet that report would be more highly classified than Barry's college transcripts and actual birth certificate.

Think there would be some good pressure from the White House and Fed to fake the results if they were embarrassing?

Reminds me of the story of the politician who demanded to see if our gold was still at Fort Knox. He went and found the depository empty but was told he couldn't tell America this because the country would collapse so he kept quiet.