Independent News and Politics

A lot of people (rightfully) blame the Federal Reserve and its member banks for causing and exacerbating the still unfolding financial crisis, and as a symbol of the Fed Bernanke has come under increasing fire from the grass roots, then media, and now from members of Congress themselves.

In a stunning revelation, it has been announced that Bernanke may not have the number of votes required to confirm his re-nomination by Obama.

Many liberals had blasted Obama for his decision to appoint Bernanke for a second term, and his party members in Congress are taking heed of this lesson in the wake of the unexpected Massachusetts Senate race.

The question then – if not Bernanke, who?

The Federal Reserve has long been suspected of directly manipulating gold prices, but they’ve been able to deny this activity due to the secrecy that surrounds all of their monetary policies.

In response to the looming threat of a Congressional audit of the central bank, the Fed is now fessing up to some manipulations in the gold market.

Will the unlikely alliance of Ron Paul and Barney Frank deliver the votes needed to reveal what “our” bank is really up to behind the scenes?

Stay tuned, more news on the Federal Reserve audit is on the way.

Just received an email:

This Friday, the House Financial Services Committee will meet at 9 am eastern to hold a hearing on Congressman Paul’s Audit the Fed bill, HR 1207.

Critics of the audit movement have complained that a full inspection of the central bank’s finances would inevitably lead to more direct Congressional regulation of our monetary policy.

Critics of the Fed say that auditing the bank will reveal decades of systemic corruption and collusion.

I guess there’s only one way to find out.  Let’s take a look at what our bank is doing with our money.

Get the full story here.