fill in the senate and his trying to pass it while they can. senator paul joined us in washington. thank you for coming on. absolutely. tucker: why would we wantpa to audit the fed? why is this of concern to the everyday person? i think an easier question is why when we want to audit them? it is not about transparency, it s about knowing what your government does. we transferred that power to the federal reserve in 1913 and the dollars lost 96% of its purchasing power. your prices have gone up every year. what was once worth a dollar now takes $24 to buy what was once worth a dollar.at tucker: that as a result of the policies made at the federal reserve? this is a dirty little secret. you have to have a federal reserve if you are going to have a $20 trillion debt. why? the by your debt, but they buy your debt by printing out money.
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tucker: why do you think it was fabricated and why do you think you were included in the fabrication, your client?hi we looked to find the answer to that very question. there are some competitors decided that there was a legitimate way to compete with webzilla, which provides wonderful services, very well known, to be an honest, efficient supplier. and maybe this is one way that competitors can have a legitimate competition doesn t work. we really don t have a clue. tucker: a lot about this is confusing. what is not confusing is the fact that buzzfeed, which is an enormous news organization, massive investment from nbc and other big players in our media landscape, publish this, knowing it might not be true. the obvious question is, didla anyone from buzzfeed call anyone at the company you represent to ask, hey, were you a witting tool of russian intelligence?
what if they keep the interest rates low? to pay for a $20 trillionbu deb. if interest rates were to go back where they were historically, 5%, or even 7%, the government can t pay for their debt. tucker: janet yellen, who runs the fed, is against this. she said, auditing the fed leaving aside the question why that it is bad, shouldn t elected officials have a role in our economy, it seems pretty political to me already. you think it is? it makes me so mad that ino introduce further legislation to make it illegal for them to lobby us. we pay them. we appointed them and we are s supposed to oversee them and they are lobbying against transparency, they are lobbying against our oversight. it is insulting. the main lobby against auditing the fed is the fed. tucker: who else? you don t have majority support in at the for this. that is not true. we had 53%. bernie sanders voted for it. 51 out of 50