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Forum Post: Reality Check: 25 years of asking to audit the Fed, why is Sen. Harry Reid now saying "no"?

Posted 8 years ago on July 26, 2012, 11:37 p.m. EST by john23 (-272)
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15 Comments

15 Comments


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[-] 1 points by hchc (3297) from Tampa, FL 8 years ago

Because he is just another typical tired, useless politician that is clinging to his tired, useless party.

[-] 1 points by JPB950 (2254) 8 years ago

It may be it will make it more difficult for Obama's reelection if negative news comes out now. Maybe his position will change after the election.

[-] 3 points by LetsGetReal (1420) from Grants, NM 8 years ago

Surely an audit of the federal reserve couldn't be completed before November even if they started tomorrow/

[-] 2 points by TrevorMnemonic (5827) 8 years ago

this is true ^^^

A full audit would take a while. And would expose trillions and trillions of money management that profits the mega elite.

[-] 1 points by JPB950 (2254) 8 years ago

The only fact we have is that Reid's office has indicated the bill will not be placed on the calendar. I'm guessing there are political reasons for his flip on the issue. Reid's seat is safe for another 4 years, so it has little to do with him.

An attack doesn't have to wait for a completed audit, you only need a rumor or a leak to start that.

[-] 2 points by TrevorMnemonic (5827) 8 years ago

2:06 and 3:37- Ben Bernanke and Alan Grayson

http://www.youtube.com/watch?v=uvn_INw9HYE

No bad news about the Federal Reserve can be pinned on anyone except the congress that has refused to regain control like the constitution delegates.

This issue has nothing to do with Obama.But it would be nice to see him support this audit and go on tv like he has before when he supported the stimulus and he should tell Reid to put it up for a vote and bring more public attention to it.

[-] 1 points by JPB950 (2254) 8 years ago

I only know that Reid will not let the bill come up for a vote, so I'm guessing and reaching for a political motive. There could be any number of things that motivate his decision.

It doesn't matter that a president has little actual control over the economy, he's the one people see and get blame attached to him while he's in office.

It's not like a political attack has to be accurate. All you need is a bad audit result and the party in charge gets blamed.

[-] 1 points by TrevorMnemonic (5827) 8 years ago

he voted for Bernanke's appointment and also is a Bernanke supporter. His .gov page has some press releases where he tries to make Ben Bernanke sound like a saint. I guess exposing the truth under his frontman might comeback to make him look bad. That's my guess.

[-] -1 points by john23 (-272) 8 years ago

great video.

"do you think this was a coincidence"....."uhhhhh, yeah"

Give me a break.

[-] -2 points by Porkie (-255) 8 years ago

I think it has a lot to do with Obama in that he is rapidly printing the money.

[-] 2 points by TrevorMnemonic (5827) 8 years ago

that is insanely inaccurate.

This really has little to do with Obama at the moment. It would only have something to do with Obama if the Audit Bill passed in Congress and he chose to veto the bill.

The constitution delegates monetary authority to congress and congress chose to pass that on to the federal reserve in 1913.

The Federal Reserve prints the money and decides monetary policy on their own.

Also Congress is in charge of the budget which is based on our tax payer dollars and borrowing money from China and the Federal Reserve and etc....

[-] 2 points by MattLHolck (16833) from San Diego, CA 8 years ago

the federal reserve lends to select banks at low interest

that loan money to the rest of us at higher interest

thus putting money into the economy through debt

[-] 1 points by TrevorMnemonic (5827) 8 years ago

exactly!!!!!!!!!!!!

ding ding ding ding

We have a winner!!!

[-] 2 points by MattLHolck (16833) from San Diego, CA 8 years ago

and it is legal

so bursting white collar criminals won't solve economic problems ?

[-] -2 points by Porkie (-255) 8 years ago

Are you saying the Fed's not printing money?