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Thread: 96-0: Fed Audit Passes Senate

  1. #11
    John Schnatter 2012 Phantom's Avatar
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    Re: US Will Audit Federal Reserve!!!

    Congress needs to pass HR 1207 by Ron Paul.
    Vote John Schnatter (Papa John) 2012!

  2. #12
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    Re: US Will Audit Federal Reserve!!!

    Quote Originally Posted by phantom View Post
    congress needs to pass hr 1207 by ron paul.
    yup!!!!!!!!!!!!!!!!!!!!!!

    The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle and caused one financial bubble after another. Since the Fed’s creation in 1913 the dollar has lost more than 96% of its value, and by recklessly inflating the money supply the Fed continues to distort interest rates and intentionally erode the value of the dollar.
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

  3. #13
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    Re: US Will Audit Federal Reserve!!!

    Quote Originally Posted by stekim View Post
    Please review the first thread on this topic as there is no need to repeat myself. And my definition of "audit" is simply the definition of audit. The Fed is audited and its statements are freakin' public. I even posted the damn audit (well, one of the 13. You can get the rest by using this great new site called Google). Mistaken? Please.
    oh wow. Your ignorance is sad. Please try to understand that only the statements it chooses to be public are "freaking public". But they choose what they release. They consistently choose to release OMO's and the Reserve requirements and the Fed Funds rate. But you don't seem to understand how much MORE power it has than that.

    It was able to lend trillions of dollars to the private sector while literally refusing to tell Congress what and how it did it when Ben was asked. He simply stated that knowing that wasn't in Congress' 'best interest'. The current amendment corrects that, but only after the Fed and Obama is telling them that Congress is allowed to pass such legislation. But the Fed is also in complete control of lending the US dollar (as much as it wants) to international central banks as well as borrowing as much as it wants. And the Fed has refused on multiple occassions to be transparent about these issues which could truly destroy the developed economies at the end of the day.

    Please WAKE UP! The Fed is not audited. It is not transparent. Just because they are willing to tell you those three actions everytime they meet doesn't mean that's all that they do. They are manipulating so much more in the world. I'm no conspiracy theorist, but when they refuse to let their accusers be proven otherwise, you have to start wondering whether or not it's true. What do they have to hide? The money that they are dilluting is backed by the US people and economy. So don't the US people and economy have the right to know exactly what their dollar is worth?

    And all of that aside, even if the ONLY power the fed had were to manipulate interest rates, OMO's and Bank reserve requirements (which this is NOT the case), that's enough money manipulation to destroy our country. A fiat currency simply cannot work when it has infinite elasticity. We wouldn't be able to solve the debt problem with more debt without the Fed. The Fed is the root problem to all of our other problems. It allows for corruption. It allows for the US people to be taxed without Congress approval (through a weakening dollar). Why would anybody be against holding the Fed responsible??? You're line that it's statements are public is just inaccurate. It's public statements are public, yes, by definition. but you don't know what you don't know and they refuse to let you know. And for some reason, the Obama administration is backing them up and pressuring Congress not to push too hard. Why? It's our money! Push! or prepare to be voted out!

  4. #14
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    Re: US Will Audit Federal Reserve!!!

    Why only 2007? Why not 1925 to the present?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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