I don't understand this notion that the fed isn't being audited regularly when the fed is indeed audited by the GAO quite regularly, and the results of these audits are public record for all to see. I have no idea where Ron Paul gets this notion that no one knows what the fed is doing, but apparently a lot of people believe it.
You know what else? Why aren't we focusing more attention to what the Treasury is doing? Isn't the Treasury the department that organizes the fed's actions, details the policies, and directs the flow of funds through the various entities? If anyone knows what "the fed is up to" it's certainly the Treasury.
Also, "end the fed" and then replace with what? Give the keys to monetary policy, and money creation to Congress? Those criminals can't even get basic economic theory right, and you people want to just give them the keys to the vault? And who do you people want to oversee the banks? Barney Franks? Chris Dodd? Henry Waxman? These things are mysteriously absent from all this "the fed is an evil jew-run coorporation run by evil jews that want to jew jew jew jew........"
I read these crazy theories about how "sinister jews" are behind the federal reserve, and how they are using the fed as a proxy to control the world. But none of these theories make any sense.
You know who has more power than the fed? Goldman Sachs. How about you people aim your cross-hairs at the crooks at Goldman? If anyone is hiding anything it's them. I guarantee that if Goldman were as transparent as the fed is, there would be nothing else to write about for a decade.
You people are barking up the wrong tree.