It's back! 'Audit the Fed' launched

Let's get this audit done and schedule one periodically. It is obvious to me that Congress' failure to ever audit the Fed caused all sorts of problems.

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Bruce

'“I first want to thank Congressman Ron Paul for his tireless and unwavering dedication to auditing the Federal Reserve,” Broun announced. “His efforts paid off when the House passed his legislation with overwhelming bipartisan support during the 112th Congress.

“This accomplishment in itself marked the most significant stride made toward bringing real transparency to the nation’s monetary policy. Unfortunately, as has become the status quo, the do-nothing Senate failed to act on the bill before the end of the 112th Congress, causing it to flat line,” he said.

His proposal would be the same as Paul’s, for a “full audit by the U.S. Comptroller General of the Board of Governors of the Federal Reserve and the Federal Reserve banks.”
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Paul for years advocated a full audit of the Federal Reserve, which routinely shrouds its actions in secrecy.
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Bernanke said it was the Fed that caused the Great Depression, the worldwide economic downturn that persisted from 1929 until about 1939. It was the longest and worst depression ever experienced by the industrialized Western world. While originating in the U.S., it ended up causing drastic declines in output, severe unemployment and acute deflation in virtually every country on earth. According to the Encyclopedia Britannica, “the Great Depression ranks second only to the Civil War as the gravest crisis in American history.”
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History records that in 1913 President Woodrow Wilson approved the Federal Reserve Act but later reflected that his actions “unwittingly ruined my country.”

Wilson said that since the U.S. system of credit is concentrated in the hands of a few, “we have become … one of the most completely controlled and dominated governments in the civilized world.”'