Posted by Bret4207 on December 19, 2015 at 06:07:08 from (64.19.90.196):
In Reply to: Troubling Thrusday posted by IaGary on December 17, 2015 at 04:56:45:
Quoting Removed, click Modern View to see
And where does the Fed get it's money? Treasury bonds and securities and bank deposits. The Fed lends borrowed money. The Fed does not invest in the sense we think. They do the same thing Wall St does- they hedge on bets on the world scale. They lend and borrow from foreign entities. But they don't answer to anyone, not really. Yeah, Congress can threaten an audit, but it will never actually do it. If they did they'd have to publish the findings and that would collapse the world economy. Or at least that's my guess. Look at what an audit can and can't do and tell me there isn't massive smoke and mirrors in play-
Audits of the Reserve Board and Federal Reserve banks may not include:
transactions for or with a foreign central bank or government, or nonprivate international financing organization;
deliberations, decisions, or actions on monetary policy matters;
transactions made under the direction of the Federal Open Market Committee; or
a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items (1), (2), or (3)
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