What Is the Federal Reserve Hiding?

Ron Paul’s editorial on auditing the Federal Reserve was published in the Daily Bell yesterday: “If the Fed Has Nothing to Hide, It Has Nothing to Fear.”

Since the creation of the Federal Reserve in 1913, the dollar has lost over 97 percent of its purchasing power, the US economy has been subjected to a series of painful Federal Reserve-created recessions and depressions, and government has grown to dangerous levels thanks to the Fed’s policy of monetizing the debt. Yet the Federal Reserve still operates under a congressionally-created shroud of secrecy.

This has the potential to be one of the most landmark pieces of legislation in American history. The elite of the elites will pull out every stop—and call in every chip with their bought-and-paid-for members of Congress—to ensure this does not pass.

fed spider

[See also, “More Evidence that the Federal Reserve Is Failing.”]

If you have any interest in freedom, and in justly dealing with income inequality, this must pass. It’s time to take a good look at the “man” who’s been hiding behind a curtain of secrecy, and destroying the value of our currency and our hard-won savings, for a hundred years now.

Perhaps the real reason the Fed opposes an audit can be found by looking at what has been revealed about the Fed’s operations in recent years. In 2010, as part of the Dodd-Frank bill, Congress authorized a one-time audit of the Federal Reserve’s activities during the financial crisis of 2008. The audit revealed that between 2007 and 2008 the Federal Reserve loaned over $16 trillion — more than four times the annual budget of the United States — to foreign central banks and politically-influential private companies.

The Federal Reserve should die. Getting there won’t be easy–and that’s perhaps the biggest understatement in history, because the growing wealth of the soulless super-elite depends on keeping the monster from Jekyll Island alive.