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Re: medchal post# 95421

Friday, 05/07/2010 2:40:48 PM

Friday, May 07, 2010 2:40:48 PM

Post# of 257262
OT - Medchal

I would say you are pretty naive in your summation of the FED

Federal Reserve is not audited by accountants or outsiders. I will eat the paper report if there is one.
"As the GAO observed in the 1970s, the last time the issue of an audit really came to the fore, "We do not see how we can satisfactorily audit the Federal Reserve System without authority to examine the largest single category of financial transactions and assets that it has." The Fed has such broad power to intervene in the economy and to engage in agreements with foreign governments and central banks that it is unconscionable that such actions are exempt from oversight."

To allow any entity access to the FED - would be suicide for the federal reserve and it would be immediately abolished due to public revolt based on the findings.

The only way that banks/fed have and will maintain power over this society is by maintaining the fiat/paper game and diluting the wealth and earning power of the dollar vis a vis its citizens.

Enslavement of the masses - something most here whether they realize it or not - are fighting to avoid.

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