For most people the concept of the Federal Reserve Bank is a combination of confusion over what it is and confusion over what it does. And within that group of confused people are a number of Congressmen and Senators. But for those who care to learn more, I recommend G. Edward Griffin's book "The Creature From Jekyll Island."
Griffin details the creation of the Federal Reserve, but not just from its charter. Griffin details how real wealth in the world has for centuries, been controlled by a very few people. The book illuminates the unprincipled lust for money which drove families like the Rothschilds to finance both sides in war, how the payment of interest has become a vast income stream of untold fortunes for a select few families and how those interests combined to reap huge profits from the economic engine of the United States by forming a private bank with a public name and fooling the US government and the citizens of America as to its purpose.
The bank operates in secret. Conspiracy theorists have linked the FED to the Kennedy assassination and the murder a number of other people who might have been perceived as calling for the bank to be disbanded.
No doubt the Federal Reserve is the driving force behind our monetary policy, largely responsible for our national debt and wields immeasurable control over the American banking system which of course includes mortgage banks and investment banks.
Ron Paul called for an audit of the Federal Reserve throughout his career. Rand Paul has now picked up that mantle and re-awakened the people to the need for this action.
Good for him. Keep this one on the top of your list of priorities. Make this proposal the signature win for Rand in the Senate. This move will help the entire nation and is maybe the best idea Rand has had to date, although he would certainly be the first to admit that he wasn't the first to think of it.