Socialism... It's The Sander's Solution!
Today, in what could only be described as a pleasant surprise, the U.S. Senate passed an amendment proposed by one of my personal favorites, Senator Bernie Sanders, ordering a one-time audit of the Federal Reserve. And it passed with a vote of 96-0. That’s just good’r than grits.
But wait, before you get too darn excited, I should tell ya’ that Sen. Sanders unfortunately had to revise the amendment from its original form. He had proposed a complete audit of all the Fed’s historical records.
The amendment that finally passed, however, only requires the Fed hand over records pertaining to its actions since the financial collapse in September 2008. Better than nothin’ I suppose.
Although the Federal Reserve System was created in 1913 in response to bank panic, the responsibilities of the organization have evolved throughout the years to include the following:
• conducting the nation’s monetary policy
• supervising and regulating the banking institutions
• maintaining the stability of the financial system
• providing financial services to depository institutions
Now, perhaps Ben Bernanke (and formerly Alan Greenspan) thinks this entire country is as dumb as a box of hammers, but I, for one, don’t believe we got any of the above-mentioned services. The time has come to see what’s really goin’ on behind those doors.
If Bernanke and the rest of the good ol’ boys want the power to control this economy, then they had better be prepared to back up the decisions they make.
Mama always told me, “if you can’t stand the heat, you best get your butt out of the kitchen!”