According to one source, those in attendance were, "Senator Nelson Aldrich, his personal secretary Arthur Shelton, former Harvard University professor of economics Dr. A. Piatt Andrew, J.P. Morgan & Co. partner Henry P. Davison, National City Bank president Frank A. Vanderlip and Kuhn, Loeb, and Co. partner Paul M. Warburg."

These elite men had five objectives, all bad ideas reminiscent of a drug cartel, or an oil cartel like OPEC, but focused more on monetary control. The following five objectives were used to establish the Federal Reserve.

Stop growing competition from banks

Obtain franchise to create money

Get control of all banks' reserves

Shift losses to taxpayers

Convince Congress of its purpose

There are no elected officials in charge of running the Fed. Also, the Fed is privately owned but no one knows by whom because the Fed is not accountable to anyone, not even the government of the United States.

Paul wishes to end all of that and expose the Fed for what it really does, and how it really manages the country's money supply. So far, he hasn't had any luck, even though both he and his father have been calling for accountability for years.

According to ZeroHedge, Senator Rand Paul, together with Rep. Thomas Massie on Wednesday "called for the re-introduced legislation to 'Audit the Fed', after a similar effort stalled in the last Congress."