I thought this video was a great informational watch. It illustrated the need for the "audit the Fed bill."
As many have pointed out, the Fed already gets Audited. What they want to do really, is have the policy minutes be open to congress and the public.
What would transparency do? It would make it so that things like the crash of 2008 would be more understandable to the nation at large. Why did the crash happen, and who did the bailout benefit? Doesn't everyone remember how our representatives didn';t really know, or seem to have a clues what they were voting on or seem to be informed about why the bailout needed to happen?
They just seemed to be threatened with dire predictions and NOBODY knew anything.
If this last proposal had passed, the lower and middle classes would not have been screwed, just like they were with the last crash, just like they were during the Great Depression.
Why do you think the elites and the Fed want things to be opaque? They want to conduct their business behind closed doors.
As it so happens, things do come to light and are open to public scrutiny, like, FIVE YEARS after the fact.
So aren't any of you curious now that these transcripts ARE available, just exactly HOW the FED was shitting itself when the economy was tanking? I certainly was. If you are interested, and before you shoot your mouth off and say shit like, "Auditing the FED is a horrible idea. Her "excuse" is a valid reason." I personally think you should go over those transcripts and think REALLY hard about what our elected representatives would have done if they had known what was going on, especially if they had known the press and the nation were watching.