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Audit the Fed -- Rand Paul

Tucker Carlson interviews Senator Rand Paul about his latest attempt to audit the Federal Reserve









Transcript : welcome to you 0:11 fine to audit the Federal Reserve for 0:13 years now 0:15 it's impossible of course under an 0:17 ordinary Republican administration it 0:18 would be pretty unlikely but perhaps you 0:21 can pull it off under President Trump 0:22 who has endorsed the idea better quality 0:25 introduced and audit the Fed bill into 0:27 the Senate is campaigning hard for the 0:29 Republican majority to pass it while 0:31 they can 0:32 Senator Paul joins us here in Washington 0:34 sir thanks for coming on 0:35 absolutely so why would we want to audit 0:38 the Fed why is this of concern to the 0:40 average person who's not a banker i 0:41 think it is your question is why would 0:43 he want to that means about transparency 0:45 it's about knowing what your government 0:46 does the Constitution gives the power to 0:50 Congress to mention point money we sort 0:52 of transfer that power to the Federal 0:54 Reserve in 1913 I think I don't know 0:57 what they're doing the dollars lost 0:58 ninety-six percent of its purchasing 1:00 power what does that mean your prices 1:02 have gone up every year what was once 1:04 more the dollar you know is now takes 1:07 twenty-four dollars to buy what was once 1:09 when that all results policies made at 1:10 the Federal Reserve absolutely they 1:12 printed the mining but it's sort of a 1:13 codependency and this is a dirty little 1:15 secret 1:16 you need to have a federal reserve and 1:18 you have 20 trillion our debt why they 1:20 buy your get but they fired at by 1:22 printing up money you can't have an 1:25 enormous debt if you don't have a 1:26 federal start putting up the money but 1:28 there are ramifications and the 1:30 ramifications are higher prices so a lot 1:32 of senior citizens will say oh gosh I 1:34 tell me there's no inflation and I don't 1:36 get an increase in my Social Security 1:37 check but the price is really are going 1:40 up from the grocery store it all depends 1:42 on how you measure inflation so there's 1:45 a massive amount of wealth floating 1:46 around over the past 10 years but 1:48 famously most of it seems to have 1:49 stopped or is relatively small number of 1:51 people it's one of the factors behind 1:53 selection i think most would agree how 1:55 much of that has to do with fed policy 1:58 the interesting thing is you know 1:59 everybody particularly Democrats talk 2:01 about income inequality but i think the 2:03 federal reserve has a lot to do with it 2:04 because people get richer who already 2:06 have money so you and I might have to go 2:09 out and our mentor if you're a 2:10 schoolteacher you gotta work to earn 2:11 your money but if you have a bunch of 2:13 money and you park at the Fed they pay 2:14 you to keep it there so we actually use 2:17 taxpayer money to pay people just to 2:19 have it sitting at the federal reserve 2:21 was the 2:22 average person get out of that such 2:24 policy you could they get to the 2:26 government borrows an enormous amount of 2:28 money we get stuff we don't pay for but 2:30 we also get something that we don't want 2:32 and that is the recessions and 2:35 depressions that go about their been 2:36 more recessions and depressions bad 2:38 things since we got the best in the 2:40 world before the Fed they gave us the 2:42 president we're gonna have less 2:43 depression for the great depression came 2:45 right after the Fed and all the 2:47 downturns we've had been with the fed in 2:49 existence sweetheart it's been a hundred 2:51 year so it's a long time when you have a 2:53 lot of downturns have happened through 2:54 if you want to look at the most recent 2:56 one the crisis where the banking system 2:58 was teetering on the brink and resonate 3:00 that was caused because the federal 3:02 reserve kept the interest rates low and 3:04 people get building houses instead what 3:06 should happen if a bunch of people are 3:08 building houses and you and I go out 3:09 we're all buying houses the price of 3:11 money the interest rate should go up and 3:14 then the economy will slow down as 3:15 interest rates couple what happened in 3:17 the Federal Reserve keeps the interest 3:19 rates low permanently then what happens 3:21 is you get a boom and people are 3:23 building houses like crazy but they 3:24 build too many houses because no one 3:26 told me to stop building 3:27 why did the Federal Reserve keep 3:29 interest rates low to pay for a 20 3:31 trillion-dollar debt if interest rates 3:33 were to go back where they were 3:34 historically five percent or even seven 3:37 percent the government campaign for 3:38 their dad so Kenny Allen who runs the 3:40 Fed is against this she said auditing 3:43 the Fed raha tha size monetary policy 3:46 leaving expenditure why that's bad i 3:49 mean shouldn't elected the others have a 3:50 role in our Omni it seems pretty 3:53 political to me already 3:54 do you think it is well it makes me so 3:56 mad that i introduced further 3:58 legislation to make it illegal for the 4:00 Federal Reserve lobbyists we pay them we 4:02 appointed them and we're supposed to 4:04 oversee them and their lobbying against 4:07 transparency their lobbying against our 4:08 oversight it's insulting the main lobby 4:11 against auditing the bed is the Fed and 4:14 who else I mean you don't have majority 4:15 support moment for this why would rise 4:18 but no that's not true we had 53 votes 4:20 for it we really 51 Republicans and two 4:23 Democrats voted for Bernie Sanders voted 4:25 for it but I know that having 4:26 involvement did and fifty all 51 out of 4:29 50 4:29 three Republican what I've got a little 4:31 initiated i just want to give a fair 4:32 hearing that what they're arguing com 4:34 some see that the Fed paces massive debt 4:38 and they love big government and they 4:39 know that we have to have a big debt 4:41 that big government and have to pay for 4:43 it so I want to mess with the Fed 4:44 because right now it's able to 4:45 accommodate his enormous debt one of the 4:47 reasons i want oversight though is that 4:49 I think a lot of people get hurt in the 4:51 downturn 2008 when the housing market 4:54 would rust I blame that on the Federal 4:56 Reserve and we're right in the middle of 4:58 another boom 4:59 anybody seen the stock market lately it 5:01 is a boom just like the real estate 5:03 people 2008 and it will come to an end 5:06 I wish I knew exactly when so i can give 5:08 you a reviewer some investment advice 5:10 but it will come to an end there will be 5:12 a correction we have a huge bubble 5:15 Indian in the stock market created by 5:18 easy money free money everybody's got 5:20 money Federal Reserve when you do k the 5:23 money but there will be repercussions 5:24 and that'll be the downturn there will 5:27 be a response or reaction to all of this 5:29 extra money so we're looking for all 5:31 that time Elliot Abrams who served in 5:33 the last Bush administration is under 5:35 consideration to become deputy secretary 5:37 state you with this crack the door to 5:39 admit Elliot Abrams and the neo-cons 5:41 will become scurrying in by the hundreds 5:44 yeah I I think someone who's never 5:46 Trumper Abrams with the nevertrump ER he 5:49 was disparaging and said to the 5:51 president of things about the president 5:52 that he would never vote for any said 5:54 that share that Washington and Lincoln's 5:56 at in that Trump wasn't fit to sit in it 5:59 someone who's the nevertrump should 6:00 never be in it from State Department I 6:02 mean for goodness sakes 6:04 but he also represents things that 6:05 Donald Trump doesn't president Trump has 6:07 been different than he said the 6:09 nation-building hasn't worked when he 6:11 said that led a room came forward and 6:13 said he's absolutely wrong nation 6:15 builders what we need to do regime 6:17 change iraq war led a ruse was one of 6:19 the key architects of the Iraq war we 6:22 don't need people with the failed 6:24 policies back in down Trump does 6:26 represent something new and different 6:28 four dollars and i think a welcome 6:30 relief from the neo-cons so I hope he 6:32 doesn't point to me who doesn't really 6:34 agree with him 6:35 I'm baffled by I got 6:36 on several topics like thank you 6:38 appreciate it







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2 comments:

  1. BETTER STILL GET RID OF THE FED
    NO SOVEREIGN NATION NEEDS A CENTRAL BANK
    THEY CAN PRINT THEIR OWN MONEY for hospitals, schools, road, essential infrastructure etc., and PAY NO INTEREST

    ReplyDelete
  2. yes, we can pray that the privately owned central banks, globally, fall into a BIG BLACK HOLE and the owners of same follow into the depths of the satanic black abyss where they will be at home.
    AWARENESS OF THE CENTRAL BANKS PILLAGING AND RAPING IS GROWING

    ReplyDelete