The Federal Reserve is the central banking system of the US government. The main goal of the bank is to manage the US government’s money supply and stabilize the nation’s banks during panics and recessions. In 2015, Senator Rand Paul (R-KY) and Congressman Thomas Massie (R-KY) introduced the Federal Reserve Transparency Act of 2015 which would require the bank’s board of governors to conduct an audit and release it to Congress. An audit would determine if the accounting records the bank makes public are true and give Congress an insight into how the bank is run. Senator…
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@ISIDEWITH9yrs9Y
No, in order to stabilize our financial system, it must remain independent of Congressional oversight
@9GF9SPZ2yrs2Y
Yes, congress shouldn't be allowed to control everything financial but how can you trust everyday people to look after the country's money?
@9FLTXFK2yrs2Y
We have to know where our money is being spent in contrast to the budget that Congress is in charge of laying out so it is not outside of Congress's power to check its bank statement.
@9FLT5ST2yrs2Y
When the federal reserve is not in sight and not monitored then this means that things can go untraced and money may be stolen and shipped under our noses.
@9DK79J32yrs2Y
Yes, but I would prefer to abolish the Federal Reserve Bank and establish a economic system based on the labor of the American people.
@3RVHJH45yrs5Y
The Federal Reserve shouldn't just be audited, they should be kicked out all together. They are unconstitutional.
@9T64CXP9mos9MO
Yes, but I would prefer to abolish the Federal Reserve Bank and have the currency backed by American labor.
@jerry9310Libertarian 7mos7MO
Yes, but I would prefer to abolish it and switch to a quad-metal standard based on the average price of silver, gold, platinum, and palladium
@9D2WTGK2yrs2Y
Yes, but I would prefer to abolish the Federal Reserve Bank.
@96GLZPQ3yrs3Y
Yes, but I would prefer to abolish it and establish a banking system that is based on the production and labor of the people.
@B2BCNJG 2mos2MO
Yes, but I would prefer to abolish the Federal Reserve Bank and establish a economic system based on the labor of the American people
@B22Y3Q2 5mos5MO
No, they're already audited and "audited the fed" only allows congress to make oversight decisions and policy review subject to congressional pressure.
@9ZHLZTJ6mos6MO
The position should vary depending on the bank's perspective on the bank's independence and the need for transfer.
@9XSVFBW7mos7MO
States use gold standard for in-state currency, to help relieve burden on the federal reserve while still using the federal reserve also. This would only be used for items and services within the state.
@9TQ8JH68mos8MO
No. They are already subject to sufficient review. And the House of Representatives in 118th Congress has proven that it is not merely willing but eager to abuse its power and authority.
@9RPWHH6Republican10mos10MO
Yes - but in an honest to goodness bipartisan way and not for republicans and democrats to try to use the audits to gain political power. Get people on the panel with strong economic backgrounds...
@9RLSP7Z10mos10MO
I agree somewhat however congress is often bought for by corporations so this may be even worse than the current alternative but i feel like we need more public awareness of the federal reserve which congress will facilitate.
@Adalin1yr1Y
Yes, but I would prefer to establish a fully backed standard, whether it is gold or a globally recognized cryptocurrency with an established market cap.
@9LSDZYL1yr1Y
Let them work independently. Its how the economy runs. If things do mess up, then we can hold them accountable and then we all will fix it accordingly.
@9LM7W7H1yr1Y
Yes, but I would prefer if the nation lost both it's ability to take on debt and act as a creditor. How can the government that acts as the authority creditors use to threaten debtors be able to take on debt itself. The government should be an outcome of the people, unable to claim its own individual debts.
@9L7R77L 1yr1Y
Well, considering that news reports have came out saying that the Federal Reserve Bank had a $114 BILLION loss last year, I do think they need to be audited by Congress.
@9JSH4PZ1yr1Y
No because Congress already can’t do their job with setting a budget so why would they be capable of this?
@charlie3sticks 1yr1Y
Yes, if for no other reason than to provide another avenue to transparently observe the barrenness of the entire byzantine system of monetary distribution we have created.
@9JCMBSL1yr1Y
depends on the reasoning, sets a precedence for the government to have more oversight over the banks spending, which situationally could mean the government prevents social and economic security, although depending on previous spending if inappropriate could be needed.
@9HNPFFT1yr1Y
Yes, or by some organization that is trustworthy because we deserve to know who the bank gives money to. However, we need to transition back to the gold or sliver standard and may make the Federal Reserve Bank unnecessary in its current form.
@zackrspv 1yr1Y
Yes, but not by Congress, but more an independent commission within congress or drafted by congress.
@JakeRepublican 1yr1Y
There should be an audit but also some kind of committee to determine if it is still a feasible way of conducting business for Americans. Should we return to the gold standard if deemed to not work in the best interest of the people?
Yes, but the audit should be conducted by an independent, non-governmental agency, with the results submitted in a report to Congress for review and follow-up
@9H4NH352yrs2Y
Congress can't find their way into or out of the bathroom. They should have no oversight of anything to do with our finances. Independent third party audits are much preferred.
No, the audit should be conducted by an independent, non-governmental agency, with the results submitted in a report to Congress for review.
@9GPWJ34Independent2yrs2Y
Have the ability for Congress to view and watch the Federal Reserve, however inability to stop nor move the policies within the Federal Reserve without Approval from Supreme Court and President. Giving checks and balances.
@DrEagleTalonCommunist 2yrs2Y
Yes but make It and all public financial institutions should have open source documentation for all citizens to see
@9G2ZQV3 2yrs2Y
It should be owned directly by the people through a representative system similar to the government and not act independently.
@9F7SNL52yrs2Y
Yes, an audit should be performed before the Federal Reserve is eliminated
@9DHJ6332yrs2Y
Not enough knowledge on the subject matter to give an informed response
@9DH9H892yrs2Y
Eliminate the Federal Reserve. We did just fine without it.
@9D9KZZXIndependent2yrs2Y
Yes, and the Fed should be abolished and the U.S. Treasury should circulates debt-free currency.
@9D9B2FB2yrs2Y
@9D6DZM72yrs2Y
Yes, the federal reserve act already requires that the board conduct an annual financial examination of each reserve bank.
@9D5XBHH2yrs2Y
Yes, but I would prefer to abolish it and establish a economic system based on the labor of the American people.
Yes, but I would prefer to abolish it and switch to a digital global credit system
@9D5CHFN2yrs2Y
I don’t trust our Congress! Too much corruption!
@B2CZ7VM4mos4MO
Yes, although certain transactions may be omitted from the audit if they are deemed vital to national security.
@9VQ6H5R7mos7MO
I do agree on seeing how much money the bank has so that they can update the government spending but I do not agree with the seeing my information plus more checking and balances in this situation
@9TFK8S88mos8MO
Yes, an Audit should take place; and should be overseen not by congress but by the Supreme Court in order to review their current practices, spending, etc. as well as determine if this institution should remain as is or be governed.
@9RSPS6J10mos10MO
We should know who the bank gives money to, but congress needs to be reformed first to assure bribes aren’t taken.
@CurvyletterConstitution 11mos11MO
Yes, but designed to maintain the Fed's independence and prevent political interference in monetary policy
@973HS983yrs3Y
Yes, and nationalize all the banks
@9BVLJ452yrs2Y
Yes, but I would prefer to abolish it and establish a economic system based on the labor of the people.
@972XDKH3yrs3Y
Yes, and nationalize banks
@9C9RRLQ2yrs2Y
Yes, but I would prefer to abolish it and establish an economic system based on the labor of the American people.
@8YKDXLV3yrs3Y
No. We should leave the central banking system
@8LR4ZBH5yrs5Y
No, it already is audited by an independent agency and most members of congress are woefully uneducated in even the most basic concepts of macroeconomics, microeconomics, corporate finance, or securities analysis.
@8LM2KS85yrs5Y
Abolish it have choice currency gold,silver,crypto,dollars.
@8KVPDRZ5yrs5Y
how about give back all the land and money you immigrants took from us natives.
@96PYDKN3yrs3Y
Don’t know enough to make a decision.
@96NGJ483yrs3Y
Abolish the Federal Bank Reserve
Deleted3yrs3Y
Yes, but I would prefer to abolish it and replace it with a computer
@9645CM83yrs3Y
I think the entire idea of having the federal reserve is useless we should have something similar but it only leads to more problems
@963HXK83yrs3Y
Yes, we should know where banks are pushing their money, though the Congressional involvement is questionable.
@96259PT3yrs3Y
Yes, but I would prefer to abolish it and move towards a system based around the production and labor of the people.
@95V5BRT3yrs3Y
No, in order to stabilize our financial system, it must remain independent of Congressional oversight and return to the gold standard
@946MWMTLibertarian3yrs3Y
Yes, but both Congress and the Federal Reserve should be abolished.
@9466QG23yrs3Y
Abolish the Federal Reserve and return to the silver standard.
@93KY523Republican3yrs3Y
No, but more details regarding their actions must be made available to Congress.
@93VZXPD3yrs3Y
@93VNJQH3yrs3Y
@93L8Q9TLibertarian3yrs3Y
We need to abolish the federal reserve
@93L8PHX3yrs3Y
@93J9LTY3yrs3Y
No, but the Federal Reserve should be dissolved
@93GN9VS3yrs3Y
Yes, we the people have the right to know why we've been in debt longer than we've been alive. There is no viably necessary reason to maintain classification on the financial system of any country.
@938MYXT3yrs3Y
Yes and ablosh it and replace it with nothing
Banks should be taken control of by the state
@92T4JVD3yrs3Y
Personally if I had another cookie and the dog smelled me better then smashed the door on the ground to create santa then yes but if not no.
@92GK2Y43yrs3Y
Regardless, it should be abolished.
@929QSFD3yrs3Y
The Federal Reserve Bank should never have been created to begin with. It is a private corporation of bankers that do not represent the US. Only the US Congress has the right to coin money.
Yes, and they should be abolished.
@925WCF6Republican3yrs3Y
No - Congress cannot pass a bill without pork and is a divided House.
@9222N3R3yrs3Y
i understand this question
@8ZZGKP93yrs3Y
Yes, but i would prefer to abolish it and establish a standard based on labor.
@YomomsabotConstitution3yrs3Y
Yes, and abolish the Federal Reserve afterwards
@8XFH5N6Libertarian4yrs4Y
Yes, but I would prefer to abolish it and use goods to back currency
@8X883ZZRepublican4yrs4Y
No, I don’t trust Congress to do anything beyond holding to their party’s line. Abolish it and return to the gold standard.
@8WMN7WF4yrs4Y
Yes, I would prefer to abolish the Federal Reserve and decentralize the economy. Also, reimplement the gold standard and sliver as alternative currencies.
@8LTVP6BIndependent5yrs5Y
I don't really have any background information on this and I don't really understand it fully so I don't think that I should have an opinion on this yet.
@8LSTXQ95yrs5Y
No, it should be seized and folded into the treasury
@8LR8JJ25yrs5Y
@8LLXZ9T5yrs5Y
Probably should be audited by more than one branch.
@8LKPM6T5yrs5Y
No, have you seen some of those in Congress that would be in charge of that. They would protect their own.
@8LCZYZDRepublican5yrs5Y
No, but they should be required to have all operations be public.
@8LC3LYK5yrs5Y
If Elizabeth Warren has a stance in this - I am with her.
@8L9TXR75yrs5Y
Yes, for transparency but not oversight
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