Ron Paul wants gold at Fort Knox audited - Jun. 24, 2011
So, with all the issues facing America today, the debt/deficit, war in Afghanistan, whatever it is in Libya, unemployment over 9 %, two parties who cannot figure out how to work together for the common good...and what is Ron Paul calling congressional hearings over?
The guy is totally looney, totally insane.Paul called a congressional hearing Thursday to grill federal officials about his bill to audit and inventory all of the gold reserves at Fort Knox, Ky., West Point, N.Y., and Denver, even though Treasury officials insist that the gold is audited annually and is all there.
During the hearing, Paul suggested that the Federal Reserve of New York, which has 5% of the U.S. gold reserves, has the ability to secretly sell or swap gold with other countries without anyone knowing.
"The Fed is pretty secret, you know," said Paul, who leans Libertarian. "Congress doesn't have much say on what's going on over there. They do a lot of hiding."