Sen. Paul Introduces Audit the Fed Bill

[Roose]

I do not see why there would be any opposition to this kind of transparency.

To pull one of their moves, if you have nothing to hide then why fight it?

Of course we do have something to hide. Our economy is only as strong as people think it is. So the bigger the illusion the better. Consumer confidence is fragile. That is why it is retarded to base an economy on it.

The Fed is not the main problem. Letting crooks determine our economic policy is. Then letting their crook friends get off with a slap on the wrist. Only message that bankers got was that if they steal enough they are above the law.

[Reeve]

Of course we do have something to hide. Our economy is only as strong as people think it is. So the bigger the illusion the better. Consumer confidence is fragile. That is why it is retarded to base an economy on it.

All economies where people can freely exchange currency for goods or services or choose not to are based on consumer confidence.

[oblivionx]

They don't claim it's not occurring. No inflation at all would be a bad thing, in fact. They claim it's within 3% (the historical average is 3.36%), and it is. In December 2012, the inflation rate was 1.7%.

Might want to check how much they have adjusted things like social security for inflation.

[Bonsaii]

Would have preferred "abolish the Federal Reserve, and return the gold standard."

Won't be getting it.

When you find enough gold, you let us know.

[Roose]

All economies where people can freely exchange currency for goods or services or choose not to are based on consumer confidence.

And they are all flawed. I do not claim to know of the best system, but I do know that trying to convince someone that a piece of paper is worth something more than its tangible value is a tough feat.

[Reeve]

Might want to check how much they have adjusted things like social security for inflation.

Feel free to enlighten me with some sort of source. My data came from the Bureau of Labor Statistics.

[Daelak]

And they are all flawed. I do not claim to know of the best system, but I do know that trying to convince someone that a piece of paper is worth something more than its tangible value is a tough feat.

Well remember this; we have one of the largest workforces in the world, we have the largest tax base in the world, we have the largest/most sophisticated military in the world, and we are the reserve currency for all international business. In short it would take a apocalyptic scenario to shake the confidence global investors have in our ability to pay our debts, something our own conservative representatives and citizens doubt, because they want to see the US fail.

[StayTuned]

Thank god. The fed was doing shit too long without supervision. The whole financial disaster started with Greenspan and his retardism. We need to fix his shit.

[Doctor Amadeus]

One and very few times, as a Liberal I would agree with Republicans. This is long since overdue. Although I do tend to believe it has more to do with wasting time and trying to take digs at Obama, which makes me almost not want to support it, but I can't deny it would be nice if every nickel and dime had to be accounted for and show to the tax payers.

[oblivionx]

Feel free to enlighten me with some sort of source. My data came from the Bureau of Labor Statistics.

For the first time in history it was 0 for 2 straight years under Obama.

That's not possible with him borrowing like he did.

[Reeve]

For the first time in history it was 0 for 2 straight years under Obama.

That's not possible with him borrowing like he did.

So because Social Security didn't get a COLA for 2 straight years.... what?

[oblivionx]

So because Social Security didn't get a COLA for 2 straight years.... what?

They held inflation in check by merely claiming it wasn't occurring... When it obviously is.

[Reeve]

They held inflation in check by merely claiming it wasn't occurring... When it obviously is.

Again, you haven't shown that it obviously is at all.

[oblivionx]

Again, you haven't shown that it obviously is at all.

It's not possible to "print" as much money as they did from 2009 2010 (3 trillions dollars) and not have inflation.

[Reeve]

It's not possible to "print" as much money as they did from 2009 2010 (3 trillions dollars) and not have inflation.

Why not? Inflation is the devaluation of currency. Value is determined by supply vs. demand. If demand for a currency increases and the supply doesn't, the value of the currency increases. If the demand for a currency increases (as has been happening since 2008), and the supply increases (as through quantitative easing, which only temporarily adds to the money supply, btw), then the value can remain constant.

[Daelak]

It's not possible to "print" as much money as they did from 2009 2010 (3 trillions dollars) and not have inflation.

So it was a governmental-wide conspiracy thrown in with all the financial firms which follow BLS statistics? Just stop, we are at below average inflation because our economy is not operating at it's capacity.

[oblivionx]

So it was a governmental-wide conspiracy thrown in with all the financial firms which follow BLS statistics? Just stop, we are at below average inflation because our economy is not operating at it's capacity.

It never occurred in our history except in 2 years under Obama...

[lindagist]

You are absolutely right, it is all about politics and there is no real reason.

[Calfredd]

You are absolutely right, it is all about politics and there is no real reason.

No real reason to necro a 6 year old thread either.

[Celista]

And keeping oversight of monetary policy in "The Fed" is better? Most likely not.


You mean what happens IF we found out it's business as usual? Should that be the case, then public policy, with regards to spending, taxes and budgeting in general, will be changed. But, it's good to know what EXACTLY we're working with.

Actual economists oversee the Fed. It also acts as a separation of powers.

This is the most socialistic/communistic bullshit I have ever heard of. Rand Paul should feel bad suggesting this, Republicans should feel bad, and you should feel bad OP for supporting this shit.

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No real reason to necro a 6 year old thread either.

Ugh. Do people not have better things to do...