Thread: Audit the Fed

Originally Posted by Ethereal

Because the Fed is not subject to any form of external oversight.

Their secrecy is a consequence of national security; not so with the Fed.

Again, I don't really see how it's any more secretive or free from oversight than most institutions. Congress can order them to do anything at any point whatsoever. Their leadership is entirely appointed by the President.

Yes, aren't we discussing that right now?

I'm not "blaming" the Fed for adhering to its mandate, nor am I excusing Congress's inaction, I'm simply trying to answer the questions you have posed in regards to the necessity of this bill.

From the tenor of the thread, it seemed as if people were arguing that things could not be changed.

Did I say that!?

The "shadowy" bit was referring to Ron Paul's statement in the OP, and the JFK bit was referring to akyron. I should have made that more clear.

Originally Posted by akyron

Not Private and Not for Profit?
...

1) That doesn't actually say anything of substance that hasn't been discussed here already.
2) It implies that the Fed is making profits hand over fist, but never actually gives a specific figure. Can you guess why?

The whole Fed smells very bad. Not to mention their alleged connections with the trilateral commision and the imf.

They also faked the moon landing, or so I hear.

Originally Posted by RightinNYC

Again, I don't really see how it's any more secretive or free from oversight than most institutions. Congress can order them to do anything at any point whatsoever. Their leadership is entirely appointed by the President.
.

When was the last time the congress ordered the fed to do anything except to give themselves a raise?

Simple questions. What was the first thing that happened under "new" leadership? Who got paid?

A simple investigative tool=Follow the money.

Chinese Likely To Halt Purchases Of US Treasury Debt

"“China is worried that the U.S. may solve its problems by printing money, which will stoke inflation,” said Zhao Qingming, a Beijing-based analyst at China Construction Bank Corp., the country’s second-biggest lender. “If the U.S. can make sure this won’t happen, then China will continue to invest.”"


So what does Bernake do?

Bernanke's Casual Comments on 'Printing Money' and Inflation

"Asked if it's tax money the Fed is spending, Bernanke said, "It's not tax money. The banks have accounts with the Fed, much the same way that you have an account in a commercial bank. So, to lend to a bank, we simply use the computer to mark up the size of the account that they have with the Fed. It's much more akin to printing money than it is to borrowing."

"You've been printing money?" Pelley asked."


There was no "bailout". It was a payout.

Originally Posted by akyron

When was the last time the congress ordered the fed to do anything except to give themselves a raise?

Simple questions. What was the first thing that happened under "new" leadership? Who got paid?

A simple investigative tool=Follow the money.

Chinese Likely To Halt Purchases Of US Treasury Debt

"“China is worried that the U.S. may solve its problems by printing money, which will stoke inflation,” said Zhao Qingming, a Beijing-based analyst at China Construction Bank Corp., the country’s second-biggest lender. “If the U.S. can make sure this won’t happen, then China will continue to invest.”"


So what does Bernake do?

Bernanke's Casual Comments on 'Printing Money' and Inflation

"Asked if it's tax money the Fed is spending, Bernanke said, "It's not tax money. The banks have accounts with the Fed, much the same way that you have an account in a commercial bank. So, to lend to a bank, we simply use the computer to mark up the size of the account that they have with the Fed. It's much more akin to printing money than it is to borrowing."

"You've been printing money?" Pelley asked."


There was no "bailout". It was a payout.

So you're accusing Congress of being lazy and lax? WHY I NEVER!!!

It's a huge step from congress being lazy to the fed being a shadowy operation without oversight, and a momentous leap to the fed killing kennedy.

Originally Posted by Ethereal

it can move away from the fringe category.

Are we not generally in agreement the Federal Reserve is bad business whether or not Rothschild and Rockefeller own the President?

Originally Posted by RightinNYC

So you're accusing Congress of being lazy and lax? WHY I NEVER!!!

It's a huge step from congress being lazy to the fed being a shadowy operation without oversight, and a momentous leap to the fed killing kennedy.

Congress being criminally lazy and useless is what we want. Thats a fact. When they get off their asses and start moving is when real fear should be generated.



I respect your opinion more than many on this board. I think you should watch the obama deception and the rebuttal.

Didnt the ramrodding of unread bills through congress raise a red flag to anyone else?

They are paying speedreaders now because they are really that lazy.

Dems Hire Speed Reader For Climate Change Bill

Originally Posted by Ethereal

It was an extension of earlier claims concerning JFK. I'd like to discuss the Fed without a bunch of conspiracy theories mucking it up. I'm not entirely adverse to discussing the possibility of conspiracy within government, but I'd like to communicate this issue (for now, at least) so that it can move away from the fringe category.

I agree that the JFK angle was a bit much, but the post in and of itself pretty comprehensively answered why the Fed would be worth a shooting match over -- it generates huge sums of money and influence.

The substance of the post you referenced, in and of itself, was accurate and relevent, yes?

Originally Posted by akyron

Didnt the ramrodding of unread bills through congress raise a red flag to anyone else?

First of all, Obama can't ramrod anything. He can pressure and encourage, but Congress decides the legislative schedule of Congress.

Additionally, Congress has been rushing through significant legislation without reading it (or at least while claiming to have not read it) for years now. This is not a new thing, and they do it to keep up the appearance of giving a crap about you and me by acting quickly to "solve" our problems.

Congress abdicates its authority as often as it can because then it can say it did something to fix a problem, then blame the new authority when the problem isn't fixed. That's part of why their re-election rate is so high.

Originally Posted by TacticalEvilDan

First of all, Obama can't ramrod anything. He can pressure and encourage, but Congress decides the legislative schedule of Congress.

Additionally, Congress has been rushing through significant legislation without reading it (or at least while claiming to have not read it) for years now. This is not a new thing, and they do it to keep up the appearance of giving a crap about you and me by acting quickly to "solve" our problems.

Congress abdicates its authority as often as it can because then it can say it did something to fix a problem, then blame the new authority when the problem isn't fixed. That's part of why their re-election rate is so high.

I disagree. I feel he rode a massive wave of worship and goodwill to ramrod through a bank payout.


Some of the honeymoon is over now but at the time many congressional tongues were glued to his colon.