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Auditing the Fed: Worth It?

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  • Description

    FBN’s Gerri Willis on a Ron Paul-sponsored bill that would allow Congress to audit the Federal Reserve.

  • Duration 2:25
  • Date

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This transcript is automatically generated

When politics getting away of the Fed doing its job I think Jerry you brought -- the bigger question.

What do we get that -- this well I you know I have no idea what we will learn that we don't already know about the Fed but as you know Ron Paul is insistent on not just auditing the Fed but ending -- -- he wants to go back to the gold standard right.

He is of course the former Republican candidate -- the many candidates for the presidency.

He's a congressman his right -- is also interest in this issue with senator Rand -- Is also gonna take up this banner now they probably have the boats to get this bill passed tomorrow when they vote -- -- they'll be a debate today.

But it's gonna time the senate it's not gonna go anywhere in the senate big question what we do look.

And and the really big debate it -- ending the Fed seems like a non starter -- -- -- twelve I mean that it's just the way the world works.

I think there are -- -- with the way.

We handled the financial crisis.

And I think that maybe there are other things that need to be -- -- -- able to yeah.

Jerry this is a relatively secret organization that basically is in charge of this country's money supply think.

I want congress to run it I cannot and that now.

Anything I want tapes but I was like -- my.

Ice making their decisions -- harmonica -- holiday some sort introducing politics here would be complete and total disaster I don't care for its Ron Paul I don't care but the Democrats -- Republicans.

A non start again we want about an independent right you need an outside auditor.

If you why are we getting well look here's a thing and -- -- my question -- -- -- I don't know what's what's the end game what's the goal -- trying to find what do you because I know Ron Paul's agenda is to end the Fed and to me I don't understand why that -- so.

The venue and I think comes back to bit.

Them avoiding the mean she just because we have a lot of important things to talk about and you know what I get what they're doing with this but.

About the fiscal -- let's talk about the -- -- -- -- tax bills going up and what I read that congress that would be a far better thing to talk about also talking about.

These bubbles that develop and our economy -- how to take care of them is there's some kind of policy we need to be pursuing for that I mean.

You -- know -- Bernanke but.

I mean he did keep us on track for awhile the drink problem is it's almost four years that the you're actually zero interest rates again -- may be -- money should not -- off our.

-- -- If that's you know into Jerry tonight 6 PM and I Iran at all and -- -- have congressman Ron Paul with her.

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