The Pros and Cons of Auditing the Fed

I was surprised we did that. Why won't they vote for auditing the Fed? Are lobbyists coming at them? Are their lives threatened? Well, because that money is being distributed secretly. It's a really big privilege. I confronted Ben Bernanke about this issue and he tried to steal my microphone from me. But the good news is the market is more powerful than the politicians. And that is why Bretton Woods broke down. That's why Henry Haswell, it was right all through the 60s were right. The people said it won't work. They're saying the dollar is going to get much, much weaker. And it will lose its reserve stand.