The Federal Reserve is now “firing back” at Rand Paul. Good for him!
When you’re taking serious flak, you know you’re over the target.
And The Hill reports that Rand Paul must be aiming right at the Federal Reserve: “Fed fires back at Rand Paul.”
The Federal Reserve is lashing out at Sen. Rand Paul’s plan to give Congress more oversight over the central bank, a proposal that could gain traction in the new Republican-led Congress.
The Kentucky Republican reintroduced his “Audit the Fed” legislation last month with 30 co-sponsors, including other potential 2016 GOP hopefuls, Sens. Ted Cruz (Texas) and Marco Rubio (Fla.).
The proposal — once championed by his father, former Rep. Ron Paul (R-Texas) —would subject the central bank to an audit by the Government Accountability Office (GAO).
Regional bank presidents from around the country are decrying the plan, which they argue could damage the economy.
“Who in their right mind would ask the Congress of the United States — who can’t cobble together a fiscal policy — to assume control of monetary policy?” Richard Fisher, president of the Federal Reserve Bank of Dallas, said during an interview with The Hill.
Fed Chairwoman Janet Yellen has already vowed to fight the legislation, and President Obama would likely veto it.
Still, Fed watchers note that Paul has become emboldened by the new Republican majority in Congress. And he possesses an ever louder national microphone, as he moves closer to a 2016 presidential run.
Together, those factors could elevate the issue in the coming months, a prospect that has spurred strong words from bank officials.
Those who control all of the fake finance in the world—from which the one percent and their supporters derive their illegitimate and obscene wealth and power—are not going to sit down and allow their privileges to be taken without a brutal fight.
This is, without question, a portion of one of the absolute most important fights to enable a rebirth of freedom in the world, and to wrest authority from the sociopaths who inhabit the political capitals, and predatory corporate and banking boardrooms of the world.
The Fed has been destroying our economy for a hundred years, and it’s time to push this battle all the way, and bring them down. Return financial authority to the People, and base the economy on earned assets, rather than profligate debt.