╠JUST IN: Elon Musk Considering DOGE Audit of U.S. Federal Reserve 🚀💰
🔸 Musk hints at using DOGE initiative to audit the Federal Reserve.
🔸 Move could bring unprecedented transparency to U.S. monetary policy.— thehardnewsdaily (@TheHardNewsD) February 21, 2025
The Federal Reserve audit has been happening annually, but is there transparency to the process? Everything is about to change now.
Elon Musk has been on fire recently, working day and night to bust the corruption of previous governments. Every day he is targeting another government organization for audit, and rightly so. The Biden government has let all hell loose when it came to taxpayer’s money spending in places where one should not be spending.
This time he aims the holy Federal Reserve audit.
Apart from the Federal Reserve, he is all set to audit NASA, the Internal Revenue Service, and Fort Knox Gold Reserves.
It is only the future that can tell when he will stop. But does anyone want him to stop? I don’t think so. People are happy that he is bringing this information to the general public, which earlier government’s didn’t. After all, people should know where the government is spending their money.
The Federal Reserve is the core banking system of the United States, which controls the monetary policies of the United States. It is responsible for setting up interest rates and regulating the supply of finances.
It can be said that the Federal Reserve is the super boss of all the banks in the United States. It supervises all the banks on how to do things so that a uniformity can be maintained, and it also helps them in regulating the financial stability in the country.
It helps in managing inflation in the country by keeping continuous checks on it and tries to manage the employment levels through its policies.
If there is a financial crisis, it would also help to lend the money to resolve the issue.
Musk says that the problem with Federal Reserves is that they are too independent and not accountable to anyone. Any discrepancy couldn’t be found if they do everything on their own. The government is not allowed to interfere with their working.
Only a thorough Federal Reserve audit can bring out the discrepancies in the system and figure out how to solve them. Fed officers have been enjoying unprecedented powers for so long now.
They are not controlled by the government or Congress, due to which billions and trillions of dollars move through their eyes without anyone knowing where they are going.
Federal reserve also have the power of printing currency notes, dollars, which is the most powerful currency in the world. Printing too much of it can cause inflation. It is said that during the 2020-2021 coronavirus pandemic, they kept printing currency and caused massive inflation everywhere.
Printing more dollars will make the dollar lose its value in the global market. It is the lack of dollar in the market which makes it so valuable.
Federal reserves are also biased towards major corporations and top banks, and they keep bailing them out of terrible situations, but the same courtesy is not provided to the taxpayers who are actually keeping them in the market.
Even during the 2007 economic recession, the Fed rescued all the major banks that were widely involved in major corrupt scandals, and no one was ever implicated. Millions of people lost their homes, and all they cared about was saving the rich bankers. Some blame Obama for that as well.
Here is an article on how the Federal Reserves rescused and bailed the Major banks during the time of crisis.
Frankly, the Feds have been acting as dictators when it comes to US monetary policy.
Musk and Trump together want to prevent such financial manipulations done by the Fed in the past by conducting a sincere Federal Reserve audit in order to stop rampant corruption, a partisan attitude towards big banks, and inhbit more transparency.
It is only the future that can tell what surprises this Federal Reserve audit is going to bring in front of the people, as already there have been so many surprises in the Trump administration in the last month.
