Ron Paul: When the Fed talks about independence, what they’re really talking about is secrecy…

Quote | PATRIOTS AND PAULIES (Politics & News“When the Fed talks about independence, what they’re really talking about is secrecy. What the GAO cannot audit is monetary policy. It would not be able to look at agreements and operations with foreign central banks, and governments, and other banks, transactions made under the direction of the FOMC [Federal Open Market Committee], and discussions or communications between the board and the Federal Reserve system relating to all those items. And why this is important is because of what happened 4 years ago. It’s estimated that the amount of money that went in and out of the Fed overseas is $15 trillion. How did we get into this situation where Congress has nothing to say about bailing out all these banks?”

—Congressman Ron Paul

Advertisements

3 thoughts on “Ron Paul: When the Fed talks about independence, what they’re really talking about is secrecy…

  1. Pingback: Americans Admit They Live In Fear Of The Federal Government | From SOVEREIGN to SERF - Roger Sayles (SERFS-UP.NET)

  2. Pingback: Ending Organized Crime The Federal Reserve: Ron Paul’s Hour of Power |

Your thoughts?

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s