Audit the Fed Day
Tom Woods' testimony regarding Audit the Fed, via Sovereign Speculator. This is great:The Federal Reserve may as well get used to the idea that the audit is coming. That would be a far more sensible approach than the counterproductive and condescending one it has adopted thus far, in which the peons who populate the country are urged to quit pestering their betters with all these impertinent questions. The Fed should take to heart the words of consolation the American people are given whenever a new government surveillance program is uncovered: if you’re not doing anything wrong, you have nothing to worry about.
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As a consequence of the publicity around the audit, I hope people will begin to critically examine the role of the Fed, especially 'quantitative easing', and at least begin to wonder why if money is created like that it has to be created as debt:
If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good also. The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond and an additional 20 percent, whereas the currency pays nobody but those who contribute directly...in some useful way...It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay, but one fattens the usurers and the other helps the people. If the currency issued by the Government was no good, then the bonds would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges... - Thomas Edison
The problem is they do have something to hide and if they get a real audit it's over for them.
Good Edison quote.
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