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Senator Ted Cruz: “Audit The Fed”

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Michael Lotfihttp://brandfireconsulting.com
Michael Lotfi is a Persian-American political analyst and adviser living in Nashville, Tennessee. Lotfi is the founder and CEO of BrandFire Consulting LLC. The firm specializes in public and private technology centered brand development, lead generation, data aggregation, online fundraising, social media, advertising, content generation, public relations, constituency management systems, print and more. Lotfi is the former executive state director for the Tennessee Tenth Amendment Center, a think-tank focused on restraining federal overreach. Lotfi graduated with top honors from Belmont University, a private Christian university located in Nashville, Tennessee.

Cruz9
Screenshot of Senator Cruz’s Facebook Page

Senator Rand Paul (R-KY) has been leading the charge in the US Senate to garner support for a full audit of the Federal Reserve. In fact, Paul has threatened to filibuster the Senate confirmation of Federal Reserve Chairman nominee Janet Yellen unless he gets a vote on his bill to audit the Federal Reserve.

Yellen says no way to a Federal Reserve audit.

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Paul and Senator Ted Cruz (R-TX) have latched arms on many occasion, and the two are now teaming up for a strong push to audit the Federal Reserve. Cruz took to his Senate Facebook page to make the announcement. Typical of the new blood in the US Senate, he used a hashtag. #AuditTheFed, Cruz wrote while announcing his teaming up with Paul.

According to the Houston Chronicle, Cruz is on board. “I agree with Rand Paul,” wrote Cruz in a statement Wednesday. “We need to bring transparency to the Fed, so the American people can understand the scope and consequences of its policies.”

The legislation would not only allow for a full audit of the Federal Reserve, but also fully eliminate the current restrictions on auditing the private bank. The Federal Reserve Transparency Act of 2013 currently has 27 co-sponsors in the US Senate. These sponsors include Senate Minority Leader Mitch McConnell (R-KY) & Senator Marc Begich (D-Alaska).

Follow Michael Lotfi On Twitter: @MichaelLotfi

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