@ISIDEWITHQuestionseconomyStarted 9yrs agoActive 7 days ago

Should the Federal Reserve Bank be audited by Congress?

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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Answer Overview

Response rates from 233k Constitution Party voters.

91%
Yes
9%
No
80%
Yes
7%
No
6%
Yes, we deserve to know who the bank gives money to
2%
No, in order to stabilize our financial system, it must remain independent of Congressional oversight
4%
Yes, but I would prefer to abolish it and return to the gold standard
0%
No, they are already audited by an independent agency

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Other Popular Answers

Unique answers from Constitution Party voters whose views went beyond the provided options.

 @9DK79J3 from Georgia  answered…2yrs2Y

Yes, but I would prefer to abolish the Federal Reserve Bank and establish a economic system based on the labor of the American people.

 @3RVHJH4from Minnesota  answered…5yrs5Y

The Federal Reserve shouldn't just be audited, they should be kicked out all together. They are unconstitutional.

 @9T64CXP from Georgia  answered…10mos10MO

Yes, but I would prefer to abolish the Federal Reserve Bank and have the currency backed by American labor.

 @jerry9310 from New York  answered…8mos8MO

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

 @9D2WTGK from Georgia  answered…2yrs2Y

Yes, but I would prefer to abolish the Federal Reserve Bank.

 @96GLZPQ from North Carolina  answered…3yrs3Y

Yes, but I would prefer to abolish it and establish a banking system that is based on the production and labor of the people.

 @B5V57HN from California  answered…7 days7D

It depends on the situation if someone is taking out large amounts at a time over a short time then yes but if someone is living there regular life they should not be investigated for just buying a new car that they saved up for

 @B5T447N  from Michigan  answered…2wks2W

Yes, but i would prefer to abolish it and move to a physical standard, such as gold and/or platinum.

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 @ISIDEWITH submitted…8mos8MO

Iran Warns to U.S. Allies Don’t Help Israel, or You’re Next

Tehran is threatening in secret diplomatic backchannels to target the oil-rich Arab Gulf states and other American allies in the Middle East if their territories or airspace are used for an attack on Iran, said Arab officials.Israel has threatened Tehran with a severe reprisal after Iran fired about 180 ballistic missiles at Israel earlier this month, with some Israeli officials and commentators pushing for damaging strikes on Tehran’s nuclear facilities or oil infrastructure. In that event, Iran has warned it would respond with devastating hits on Israel’s civilian infrastructure, and would retaliate against any Arab state that facilitated the attack, the officials said.The Arab officials said the countries that Iran has threatened include Jordan, the United Arab Emirates, Saudi Arabia and Qatar, all of which host U.S. troops. These states have told the Biden administration that they don’t want their military infrastructure or airspace to be used by the U.S. or Israel for any offensive operations against Iran, the officials said. While the Iranian threats are vague, they have raised concerns in energy-rich Persian Gulf states that their oil facilities—long viewed as protected by an American security umbrella—could be hit, the Arab officials said. U.S. military installations and forces in the region could also be at risk in a region with one of the highest concentrations of American troops in the world, they added.While the Iranian threats are vague, they have raised concerns in energy-rich Persian Gulf states that their oil facilities—long viewed as protected by an American security umbrella—could be hit, the Arab officials said. U.S. military installations and forces in the region could also be at risk in a region with one of the highest concentrations of American troops in the world, they added.

▲  4724 replies1 disagree