Economic Collapse is upon us! “Audit the FED” bill has passed the house!

This bill, has the potential to show everyone in the US what is really going on in the Federal Reserve. Are they going to allow that to happen? No way, that said the economic collapse is imminent! This bill will make the Federal Reserve tell their dirty little secrets.

Congressman Ron Broun issued the following statement:

“Today’s passage of the Audit the Fed bill brings us one step closer towards bringing much-needed transparency to our nation’s monetary policy. For the past 100 years, the Federal Reserve, a quasi-government agency, has acted under a veil of secrecy – controlling our monetary policy and thus, our economy….

While in recent years, the Fed has been granted a greater role in overseeing the regulation of our financial system, current law specifically prohibits audits of the Federal Reserve’s deliberations, decisions, or actions on monetary policy. This lack of accountability and transparency has led to grievous consequences – and it must end. “I applaud my colleagues, Republicans and Democrats alike, for their support of this vital bill, and I commend my good friend and former colleague Dr. Ron Paul for his leadership on this important issue. I strongly encourage Senate Majority Leader Harry Reid to recall his past support for this legislation – which he stated as recently as 2010 – and to bring this bill before the Senate for a vote, so we may deliver the transparency and government accountability the American people need and deserve.”

The full bill can be read here.

The economy is in a dire situation, the Fed has kept this market going by the QE. In addition to the above bill on October 1^st 2014 the Fed is going end the QE. That means interest rates are going to rise. According to Yahoo News:

The Federal Reserve remained on its easy-money course Wednesday, allaying market fears that it might start raising interest rates sooner than expected. Chair Janet Yellen reiterated that any move in rates will be “data-dependent” on not based on a calendar projection. In a statement released following its two-day meeting, the U.S. central bank left largely intact key provisions, despite expectations in some quarters that it would indicate a tightening bias. It also cut its bond-buying program down to $15 billion a month and indicated quantitative easing will end in October. The Fed’s Open Market Committee did not remove language that said interest rates would rise “a considerable time” after the monthly bond-buying program ended. Market fears centered over whether excising the language could have sent a signal that a rate hike would come as soon as six months later.

How much can this country handle with increasing interest rates, or can the market handle the end of the QE? Only time tells.

 

Economic Collapse is upon us! “Audit the FED” bill has passed the house!http://goo.gl/YyVl5Q http://2127news.net/wp-content/uploads/2014/09/blood-moons-hagee.pngThis bill, has the potential to show everyone in the US what is really going on in the Federal Reserve. Are they going to allow that to happen? No way, that said the economic collapse is imminent! This bill will make the Federal Reserve tell their dirty little secrets.
Congressman Ron Broun...This bill, has the potential to show everyone in the US what is really going on in the Federal Reserve. Are they going to allow that to happen? No way, that said the economic collapse is imminent! This bill will make the Federal Reserve tell their dirty little secrets.

Congressman Ron Broun...