Fiscal Armageddon: Audit the Fed Now or Say Goodbye to the Economy

by | Nov 9, 2023 | Opinion

By Brian Nichols

It’s about time we talk some straight talk on the out-of-control Federal Reserve and all the foreign aid we keep sending overseas. It’s no secret – Washington has lost the plot when it comes to fiscal responsibility. 

Let’s start with the Fed. This unelected central bank has way too much power to play around with interest rates and the money supply. And what has it gotten us?

Bubbles and busts.

The Great Depression.

The housing crisis.

Now crazy inflation. 

Since 2020, the Fed has pumped trillions into the economy. Surprise, surprise – prices skyrocketed. Inflation is a hidden tax that hurts regular Americans trying to afford gas and groceries. 

It’s time we audit the Fed and find out what’s really going on behind closed doors. The American people deserve transparency from the folks manipulating the value of our money, and we ought to think about fundamental reform or even ending the Fed altogether. Central planning doesn’t work for interest rates or the economy. 

Now onto wasteful foreign aid— Congress keeps sending tens of billions overseas while we run trillion dollar deficits here at home. Billions go to rich allies like Israel every year, and that’s not even counting the billions more to fund the Ukraine conflict. 

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This is fiscal madness. We’re borrowing from China to send aid to Israel and Ukraine? Our national debt just topped $33 trillion, but politicians keep the foreign aid gravy train running. The American taxpayers funding this circus are tapped out. If other countries want our money, they can pay their fair share for it. 

Slash foreign aid across the board. Use the savings to reduce our deficits before they bankrupt our children. Charity starts at home, folks. We’ve got big problems here to solve first before shipping cash abroad. 

Audit the Fed. Heck, END the Fed. Cut the foreign aid. Force Washington to focus on America’s interests for once. We need bold action to get our fiscal house in order. And we need it now before it’s too late. 

These politicians demand accountability but write blank checks. They’re as undisciplined as frat boys with dad’s credit card. 

Congress continues to pass massive spending bill full of pork and pet projects to the tune of trillions in new spending each year. Yet all that does is keep mortgaging our grandkids’ future to pay for their spending addiction today.

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You know what also really grinds my gears? Sending billions to fund wars halfway around the world in places like Ukraine and the Middle East. We’ve got enough problems to solve right here at home without being the world’s policeman. 

If other countries want our protection and money, they can pay their fair share for it. But American taxpayers are tapped out. We shouldn’t be funding proxy wars while our own country is drowning in debt. 

Reckless spending by Congress and the Fed’s loose monetary policy have put us on the road to economic disaster. Inflation is out of control and it’s only going to get worse. We’re on an unsustainable path. 

It’s time to force Washington to live within its means. No more money printing or wasteful foreign aid until we get our fiscal house in order. Audit the Fed and end the foreign aid gravy train now before it’s too late!

Brian Nichols is host of the Brian Nichols Show at the We Are Libertarians Network. You can follow Brian on X at @bnicholsliberty.

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