"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
WikiLeaks Reveals Hillary's Minions Use of Pro-Federal Reserve Propaganda
Citing Associated Press. Man do they know economics. The relevant portion:
"Similarly, you have made a fair amount of noise calling for an independent audit of the Federal Reserve. That's already done, every single year. You can find last year's report right here <http://oig.federalreserve.gov/reports/board-financial-statements-2014-2013-mar2015.pdf>.
> > What the plan that you and Sen. Paul have put forth does is, a) pander to low-information voters, and b) make the Federal Reserve's every decision subject to congressional pressure. What you are proposing, Senator Sanders, would set the Fed's independence <http://www.cbsnews.com/news/why-the-federal-reserve-needs-to-be-independent/> back four decades and allow Paul Ryan to pressure it at every turn."
Unfortunately...
31 U.S.C. § 714(b) specifically excludes the following from these audits:
(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)-(3) of this subsection. These exclusions mean that Fed audits under current law are not very thorough and, most importantly, do not include monetary policy decisions, agreements with foreign central banks and governments, and Federal Open Market Committee transactions.
Propaganda is quite easy to do when the population is full of imbeciles. This is made worse by the fact that the U.S. is simply too large, as are the states themselves.
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