Thursday, February 26, 2015

Janet Yellen Is Freaking Out About ‘Audit The Fed’ – Here Are 100 Reasons Why She Should Be

Posted on February 25, 2015Michael Snyder 20 Comments

Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created. If the Fed is doing everything correctly, why should Yellen be alarmed? What does she have to hide? During testimony before Congress on Tuesday, she made “central bank independence” sound like it was the holy grail. Even though every other government function is debated politically in this country, Yellen insists that what the Federal Reserve does is “too important” to be influenced by the American people. Does any other government agency ever dare to make that claim? But of course the Federal Reserve is not a government agency. It is a private banking cartel that has far more power over our money and our economy than anyone else does. And later on in this article I am going to share with you dozens of reasons why Congress should shut it down.

The immense power wielded by the Federal Reserve is clearly demonstrated whenever Janet Yellen speaks publicly. So what is she so concerned about?  We are all accountable to someone.  What is so wrong about the Federal Reserve being accountable to Congress?  Why can’t we find out what is really going on inside the Fed?  And of course it isn’t just Yellen that is freaking out. Just consider these comments from Richard Fisher, the president of the Federal Reserve Bank of Dallas…....To Read More....
 
My Take - 1913 was a pivotal year in American history.  The 16th and 17th amendments were passed and the Fed was created by the Teddy Roosevelt and Woodrow Wilson Progressives of both parties.  If there ever was any doubt at the long term vision and destructiveness of the left, this should dispel those thoughts.  It's time to dump them all!

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