How arrogant and audacious can the elitists in the Media be.
Here's an excerpt for the article.
"Though the bill has attracted 276 co-sponsors in the House and 17 in the Senate, it is wrongheaded in the extreme." the Post's anonymously written piece stated."By opening up the Fed's most sensitive interest rate and credit policies to public second-guessing, the bill would create a risk -- real and perceived -- of monetary policy bent to suit congressional overseers. This would destroy financial markets' faith in the Fed and, by extension, the value of the U.S. dollar, just as surely as a political 'audit' of the Supreme Court's deliberations would undercut public faith in the justice system." the piece claimed.
Excuse me it's wrongheaded in the extreme to remove the secrecy of a handful of private bankers controlling the destiny of the United stated by controlling the economy. And lets not forget were are not some third would country with a handful of people which could have it's debt forgiven without making a dent in the global banking system. U.S. interest rate and credit policies are decided in secret by a handful of people and they control the global economy largely based on the dollar and U.S economy.
The secrecy was established on the eve of WWI to fund a war we were officially neutral in and sold to the public as a means of economic stabilization and for other purposes.
It's a war and economic crises based emergency funding system with dictatorial powers. Whether it was needed or not and I can't see the need for funding both sides of the war except to establish the Bush dynasty of war merchants.
There was no reason to maintain a war and financial crises monetary system run in secret and designed to create massive cash flow in secret without public scrutiny in times of peace and prosperity.
A private monetray system run in secret by private interersts is the extreme dead opposite of a Constitutional monetray system designed to protect property rights, due process and U.S. rule even in the most dire of consequences the worst case scenario would be merely to print U.S. backed notes. Allowing private interest to run our country in secret during times of crises is a surefire recipe to let a handful or insiders, multinational corporations and/or foreign interests take over our country without firing a shot and without military occupation that historically almost always backfires on the occupier.
It's hard to imagine anything more dangerous and stupid that abandoning the nations designed in primary defense against foreign takeover in a time of war or economic crises. Our property rights, the rule of law and U.S. control of the country are all fundamentally tied to an interest free, transparent money system solely run and regulated by Congress in full view of the U.S. people.
To have private interests set and control monetary policies in secret especially ones that can't directly gain from those policies is diametrically opposed to the U.S. founding principle of life, liberty and the pursuit of happiness and a government of the people, for the people and by the people.
It's a system foisted on us in times of panic and crises by propagating false fear and hysteria, and the most insidious of all scams.