Monday, June 27, 2016

Trump Wants To Audit The Federal Reserve!

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Donald Trump: Audit the Federal Reserve
Published on May 4, 2016
(((Subscribe))) now for more! http://bit.ly/1QHJwaK Donald Trump says if he becomes president he will audit the Federal Reserve Bank in his first 100 days in office. © 2016 by Mark Dice
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Mark Dice is a media analyst and bestselling author who specializes in exposing the power mainstream media and celebrities have on shaping our culture. He has been featured on the History Channel's Decoded, Ancient Aliens, and America's Book of Secrets; Conspiracy Theory with Jesse Ventura, Secret Societies of Hollywood on E! Channel, America Declassified on the Travel Channel, and is a frequent guest on Coast to Coast AM, The Alex Jones Show, and more. His viral videos have received more than 150 million views and have received international media attention. READ MARK'S BOOKS
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Trump “Master Plan to Audit US FED & Rebuild America" Shocks Collapsing Europe.  
Published on May 11, 2016
Trump “Master Plan” To Rebuild America Sends Shockwave Through A Collapsing Europe. His priority is to do what JFK did NOT acomplish - That is to AUDIT the US FEDERAL RESERVE and end it - Thus wiping out US Debt and ending with a surplus of $1 trillion.
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Exposing the Federal Reserve!  
Uploaded on Jan 29, 2012
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This animated short film reveals the insidious and fraudulent nature of the Federal Reserve System. It explains basic concepts, historical facts, and ways out in a easy and fun to understand format.
Website:
http://www.theamericandreamfilm.com/
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Trump Pushes for Fed Audit if He Wins Presidency
By F McGuire
Thursday, 25 Feb 2016
One of “President” Donald Trump’s first acts in office most likely would be an audit of the Federal Reserve.
An audit of the nation’s central bank comes straight from the playbook of rival Republican candidate Ted Cruz supports as well as former candidate Rand Paul.
Trump criticized Cruz in a recent tweet for missing a Senate vote on an "Audit the Fed" bill in January, which failed in a vote.
Republican candidate Marco Rubio and Democratic candidate Bernie Sanders both voted in favor of the legislation, which was proposed by Paul.
The Fed currently acts independently from the White House and Congress.
“Many Republicans believe that all of the Fed's actions, including its monetary policy statements, should be audited by the Government Accountability Office (GAO),” CNN Money explains.
“Currently, just the Fed's financial statements are subject to a review. They are done by the accounting firm Deloitte. Those statements are available for anyone to view on the Fed's website.”
But the legislation also would have had wider powers.
For example, the Federal Open Markets Committee — comprised of 12 Fed officials — meets eight times a year to discuss and set short-term borrowing rates for the nation’s banks.
The four GOP presidential contenders want the GAO to be able to go further by being able to audit the goings-on of these meetings, which have been exempt since the late 1970s.
“Requiring the Government Accountability Office to conduct a full and independent audit of the Fed each and every year, would be an important step towards making the Federal Reserve a more democratic institution that is responsive to the needs of ordinary Americans rather than the billionaires on Wall Street,” Sanders said in a statement.
Some financial experts argue that such oversight would actually cause more volatility in the markets due to ever-changing policies geared to please whatever political party is in charge.
“If outside pressure is brought to bear on each and every Fed policy meeting by non-economists with narrow interests, the important work done by Fed officials will be undermined. Conservatives might want to raise borrowing costs even as the economy sputters along, while Democrats might want to push the Fed to push inflation above its preferred 2% target,” Time explained.
“These wild swings in policy will likely cause havoc in the markets as investors panic over volatile monetary policy. Stocks have rocketed or plummeted in the past based on a few select words in the Fed’s prepared statement.”
Others agree that in this case, more oversight may do more harm than good.
“You don’t need a Ph.D. in economic history to understand the importance of central bank independence,” investment adviser William Bernstein, author of The Investor’s Manifesto told Time.com Money.
“Cruz and Sanders, one suspects, favor the audit for opposing reasons — the former because he wants essentially to abolish it, and to remove the possibility of an expansive monetary policy,” says Bernstein, “whereas Sanders would want to use the audit to enforce the opposite.”
“But, of course, the audit serves your political purpose only as long as you’re in office; when you leave, it’s likely to be self-defeating,” he adds.
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Also See:
A History Lesson Not Found in Textbooks!
21 October 2015
http://arcticcompass.blogspot.ca/2015/10/a-history-lesson-not-found-in-textbooks.html
and
 History of the Federal Reserve!
14 July 2014
http://arcticcompass.blogspot.ca/2014/07/history-of-federal-reserve.html
and
Another Look at the Federal Reserve!
(Part 1)
02 April 2011
and
(Part 2)
01 February 2014
and
The Federal Reserve Bank is Not a Government Agency
30 June 2007
and
Bankers and Money!
(Part 1)
15 December 2011
and
Behind Closed Doors at Goldman Sachs!
16 March 2012
and
Economic Collapse! How Did We Get Here?
27 February 2013
and
Okay Federal Reserve, Empty Your Pockets!
07 March 2013
and
Peter Schiff - Inflation and the Federal Reserve!
25 March 2013
and
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