unAuditing the Federal Reserve

5 Comments

  2. Catherine,

    Do you really think there’ll EVER be transparency, openness and accountability when it comes to the Fed-Monster? All we get a tangled and distorted view of the “supposed” balance sheet. The Fed surely is marking holdings to mythical values, until liquidated. Maiden Lane I, II, & III as assets? They are liabilities that will require more printing/digital fiat creation to resolve…

    I know our CONgress critters have draft legislation in the works to “audit the Fed”, but this won’t be a full audit. Federal Reserve Transparency Act of 2009 http://www.govtrack.us/congress/billtext.xpd?bill=h111-1207. Similar legislation: Federal Reserve Transparency Act http://www.govtrack.us/congress/billtext.xpd?bill=s111-513 and Federal Reserve Sunshine Act of 2009 http://www.govtrack.us/congress/bill.xpd?bill=s111-604 Has the Fed’s Income Statement ever been published? A balance sheet is like a can of beans, without a can opener, the income statement, and cold beans at that, without supplemental documents like a statement of cash flows or the equivalent.

    Call me cynical, but I do believe we only get more of the video’s version of glasnost than any facts about the state our Our money.

    Nationalize the Fed, Repeal the Federal Reserve Act. The enemies of We the People are in Washington, the District of Corruption and in southern Manhattan, along Wall St.

  3. Catherine,

    Those of us who live in NYC and worked in Wall Street are more than aware that the NY Federal Reserve has had more power regarding the ups and downs than anyone can imagine. It is interesting that NEW gates and checkpoints are now in place there; and I believe it is not to safeguard but to protect access. Why are their books not open to scrutiny, they have contributed directly to so many scams and underhanded dealings they should be shut down. NY is the worst, followed only by California – they all work together to hide their real dealings.

    Elizabeth in NYC

  4. Wow. This is such a sham it is truly beyond belief. Bullwinkle the Moose could have done a better job than this clueless bureaucrat. We are doomed. Completely and hopelessly doomed.

  5. in regards to “Whose minding the store…” video /
    I have sympathy for the poor Inspector General
    lady/ She’s probably got a mortgage and a car payment to make
    and she’s trying to hold on to her job…
    It looks to me like someone or some group very high up ripped off the USA
    for a cool trillion dollars …
    If you want to find out who really did this financial coup d’etat,
    go to Nostradamus … he mentions a group called the “yes men”.
    There is more information about this group available in the text.

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