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**vSzsgifP** · 01-05-2012, 08:01 PM

Audit The Federal Reserve Reveals 16 Trillion in Secret Bailouts

"The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out."

Source: Daily Paul

I remember the old argument for the FED was to prevent the government from printing too much money which would cause runaway inflation. You couldn't trust Congress with the printing of money as required by the Constitution.

01-05-2012, 08:01 PM	#7
vSzsgifP Join Date Oct 2005 Posts 437 Senior Member	Audit The Federal Reserve Reveals 16 Trillion in Secret Bailouts "The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out." Source: Daily Paul I remember the old argument for the FED was to prevent the government from printing too much money which would cause runaway inflation. You couldn't trust Congress with the printing of money as required by the Constitution.
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