Infowars.com
January 6, 2014
Kentucky Senator Rand Paul announced via Twitter today that he would be speaking in opposition of Obama nominee and Council on Foreign Relations member Janet Yellen to chair the Federal Reserve, carrying on the legacy of fed distrust his father, former Congressman Ron Paul, set before him.
I will speak on the Senate floor this afternoon in opposition to the nomination of Janet Yellen to the Federal Reserve.
— Senator Rand Paul (@SenRandPaul) January 6, 2014
“I will speak on the Senate floor this afternoon in opposition to the nomination of Janet Yellen to the Federal Reserve,” Sen. Paul said Monday morning, announcing he would be tweeting throughout the day on the Fed, as well as pointing out its corrosive addiction to money-printing.
While nearly 80% of Americans support a Federal Reserve audit, many of my colleagues would rather listen to DC’s “conventional wisdom”
— Senator Rand Paul (@SenRandPaul) January 6, 2014
Each and every one of us knows there will be a severe price to pay at some point for this kind of recklessness.
— Senator Rand Paul (@SenRandPaul) January 6, 2014
Even after helping create the financial crisis of '08 with its easy money policies, the Fed is still printing money like there's no tomorrow
— Senator Rand Paul (@SenRandPaul) January 6, 2014
The Fed's non-stop printing press crashed the economy and buried it under the rubble of endless bailouts and a devalued currency.
— Senator Rand Paul (@SenRandPaul) January 6, 2014
I can't understand how any politician could go home to face the voters after denying them the chance to hold the Fed accountable.
— Senator Rand Paul (@SenRandPaul) January 6, 2014
The Fed's endless cycle of print-now, ask-questions later drove the economy into a ditch and is preventing any chance of real recovery.
— Senator Rand Paul (@SenRandPaul) January 6, 2014
The Fed’s policies hurt the poor and middle class the most by boosting the costs of goods and services.
— Senator Rand Paul (@SenRandPaul) January 6, 2014
During a Senate Banking, Housing and Urban Affairs Committee hearing regarding her nomination, Yellen fielded questions from concerned Senators over the fed’s quantitative easing practice, as well as income inequality, “too big to fail,” a U.S. debt default, and the need for a sustainable long term budget and debt reduction plan, according to CSPAN.
Earlier this year, Sen. Paul sent a letter to Sen. Majority Leader Harry Reid explaining he would issue a formal objection to Yellen’s nomination unless the Senate held an up or down vote on his S. 209 legislation, a bill known as the Federal Reserve Transparency Act, which passed the House with a vote of 327 to 98, but has been stalled in the Senate for three years.
Previously, Sen. Paul led a 13-hour long filibuster against the nomination of CIA chief John Brennan, over the Obama administration’s refusal to give a straight answer on whether or not they would target American citizens on American soil with drones.
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