patrick.net

This just proves liberals are insane. "Senior House Democrats say auditing the Fed would cause serious problems to the U.S. and global financial markets"

OMG - its the FED itself that's caused serious problems to the U.S and global financial markets with artificially low, manipulated, price fixed interest rates which causes massive distortions to all markets.

Further they whine that auditing the Fed could be "used to attack the Fed's legal mandate to maintain a low unemployment rate as well as stable interest rates". Hahahaha. Earth to insane democRats: the Fed has FAILED to maintain a low unemployment rate...haven't they? Or maybe you can't see it from your Ivory Tower. DemocRats are simply, or willingly, out of touch.

Furthermore the Fed has failed to maintain stable interest rates. An artificially low, manipulated interest rate is not stable, its UN-stable. Which is why America is so far up the creek without a paddle.

Its not "the right vs. the left"...its right vs. wrong.

Auditing the fed would debase the US dollar. Who would this help?

So it appears the banks/wall street/fed reserve control the dems more than the republicans? How did this happen?

Probably because we are funding welfare/food stamps/useless job programs by printing money from thin air/artificial low rates.

Ruki says

Uh, the dollar is ALREADY debased. It was going down that path since the late 1960s - Nixon's closing of the gold window was only a forced admission on how debased it already was. Ever since then we've been debasing it pretty much every year.

Actually, just google "CPI Calcluator" and use one of the Fed's own calculators to see just how debased the $$ has become just since the Fed's creation in 1913. Compare that to the gradual opposite prior to that (with the exception of war) where technological advances made goods more plentiful, better quality, and cheaper = stronger dollar.

As for the Gold window, for most Americans, they got hammered the first round When congress stood silent over an executive order from high highness FDR confiscating all privately held gold -- and the citizens' ability to better protect themselves from outright money creation.

Leopold B Scotch says

As for the Gold window, for most Americans, they got hammered the first round When congress stood silent over an executive order from high highness FDR confiscating all privately held gold -- and the citizens' ability to better protect themselves from outright money creation.

That was a downright criminal act by of our government. FDR isn't all he is cracked up to be.