I was just looking up if the 'Fed' had ever been audited http://www.newyorkfed.org/aboutthefed/fedpoint/fed35.html http://en.wikipedia.org/wiki/Federal_Audit_Clearinghouse (Rat had said it had not in another thread)... and stumbled upon this: As part of the assessment, the Fed, the Securities and Exchange Commission (SEC), the major investment banks, mortgage banks and hedge funds will be asked to hand over confidential documents to the IMF team. They will be required to answer the questions they are asked during interviews. Their databases will be subjected to so-called stress tests — worst-case scenarios designed to simulate the broader effects of failures of other major financial institutions or a continuing decline of the dollar. Under its bylaws, the IMF is charged with the supervision of the international monetary system. US President George W. Bush… has only given the IMF board his consent under one important condition. The review can begin in Bush’s last year in office, but it may not be completed until he has left the White House. Is Bush worried about what might be found? Of course, you remember I told you 18 months ago he has purchased a 100,000 acre ranch in Paraguay. Paraguay’s extradition treaty with the US was changed a few years back to disallow “politically motivated” extradition of criminals. His daughter, Jenna, has been down there to meet the President of Paraguay. http://meltdown2011.wordpress.com/2008/07/29/history-made-us-fed-reserve-to-be-audited-by-imf/ Seems like Bush is moving pretty soon
The Bushes have bought property in Paraguay. The Cheneys have bought property in Dubai. Like I said before, the rats are leaving the sinking ship. Now as far as what you posted about auditing... 1) You're taking what the Fed is telling you at face value on their own website. You actually have to READ what they're saying and do the research yourself. 2) Who does the auditing? The GAO does NOT have complete access to the Federal Reserve System. The Federal Banking Agency Audit of 1978 stipulates the following areas are to be excluded from GAO inspectors. (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization; (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations; (3) transactions made under the direction of the Federal Open Market Committee; or (4) 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. The idea of the IMF auditing the Federal Reserve banks is nothing short of HILARIOUS, since the IMF is a globalist institution owned by the same central bankers behind the Federal Reserve banks. In other words, this will be a TOTAL WHITEWASH, much like the Warren Commission and 9/11 Commission.
But the Paraguay property opens up a whole new commodities market in water. I think we should all be aware during this time of panic that this president is on his way out do we want him to find the fix? I'd rather bandaid the situation. Give the Secretary of the Treasury a couple billion at the most. And let us elect a new president who will appoint a new Secretary of the Treasury. Let's not drop the ball and let Bush/Cheney pull another fast one.
This is a lame duck administration. If we have to, let's slam those web feet with a sledge hammer. McCain hasn't been crowned yet.
So, you have gone from saying the Fed have never been audited. To pasting the "Scope of audit". Please don't patronise me by saying: You need to do your own research, thanks If you notice I did not post anything the Fed was saying. It was a mere indication the notion the Fed was not audited was possibly a deviation from the truth. When did you do your "research"? the 15 minutes between my post and yours? You did not say: The Fed is not fully audited. You did not say: The Fed is audited but look who is doing the auditing...blah blah blah. Plus, I had not actually looked very closely into that at the time. I was side tracked by Bush's possible "holiday home" in Paraguay. I thought that was hell of a more interesting story. We might as well add a prediction here. A. Will Bush flee the country? B. Is a mere holiday home? C. Bush has no plans to leave the US and the article was speculating on the notion Bush would flee the country to avoid possible indictments. D.The story has no legs and should be left in 2006. I'll take it you are going for: Bush will flee the country. Can I ask where/when Bush bought his property in Paraguay? My "research" stops at Bush's daughter visiting the country, to be honest. There was a second reason I did not persue the auditing/non-auditing of the Fed
Of course it has beeen audited, both public and private entities have audited it. Here's an auditor's statement right here Of course Rat will now change the argument from "the Fed has never been audited" to "the auditors are part of the conspiracy". It is pointless to even bother asking questions about his conspiracy theories, they are true because they are true because they are true. If you question them it just means the CIA already has control of your brain.
Show me where it's been fully audited by Congress. The exact details of the Fed's open-market operations, where it fixes interest rates, are strictly confidential. The open-market operations have NEVER been audited by Congress. The so-called audits you are referring are essentially smoke screens. Again, how long have you been such a disingenuous, lying shill? Since it was awfully convenient of you to ignore what I posted in my first response to this thread, I will post it again, this time with bigger letters so you can actually read it: The GAO does NOT have complete access to the Federal Reserve System. The Federal Banking Agency Audit of 1978 stipulates the following areas are to be excluded from GAO inspectors. (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization; (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations; (3) transactions made under the direction of the Federal Open Market Committee; or (4) 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. An audit is an audit, OK? Not what the Fed decides it will audit and keep secret from Congress.
I read that. But I did not really want to get into it, not having that much of an idea about it at the time. Thanks fo posting it, I don't have to go look for it again. I don't mind if they stay the same. But this one seemed to alter in less 9 hours.
Of course its ever changing. The font size increases sometimes, but the facts are still MIA. I mean I show the guy an audit by Deloitte and Touche and he just rambles on about the GAO. We have to be willing to settle for prefabricated talking points from conspiracy websites.
Are they part of the government? What do they audit? Who owns them? Deloitte & Touche to pay $1 million to settle botched audit claims
I don't mind Rat pointing out that point about the GOA and what they can't audit. Even though looking into it it is a well worn point raised in this debate, it seems. The point is, his initial comment was: "As if the Fed is regulated? It's accountable to nobody and has never once been audited." Which then turned into what we have here in this thread and the other. And ends: "Show me where it's been fully audited by Congress. Turns out the Fed is regulated is accountable and is audited. Perhaps not fully, but this is not the point. He has the cheeck to call you disinenuous! I can't find any information if Open market operations are audited or even if they are actually auditable. Only transactions made under the direction of the Federal Open Market Committee can't be audited. I'm not to sure if they are two seperate issues? Perhaps Open market operations are regulated not audited (open market operations pursuant to directives of the FOMC.) http://64.233.183.104/search?q=cach...et+operations+audit&hl=en&ct=clnk&cd=15&gl=uk
Don't know fully yet. Looking into it as we speak. I'll get there in the end I imagine So far I see they are (perhaps) regulated by the FASB http://en.wikipedia.org/wiki/Financial_Accounting_Standards_Board Accountable to congress Where can I obtain copies of the Federal Reserve's Monetary Policy Reports to Congress? The Federal Reserve Board's semiannual Monetary Policy Reports to Congress are available online. You may also order paper copies of the report. Audited by independent companies such as KPMG. At the moment I am looking into this: Does the Federal Reserve control or set the prime rate? No, banks set their own rates based on the demand for various kinds of loans, the cost of money to the banks, and the administrative costs of making loans.
Er... no, they're a private company, one of the largest auditing firms in the world. Funny you didn't know that. Anything that needs auditing. Had you visited their website you would have found they are a Swiss Verein, which means each member firm (i.e. each branch worldwide) is a separate and independent legal entity. I would imagine they are all structured as limited liability partnerships or the local legal equivalent, so they are owned by the partners, i.e. the senior employees. Why are you standing there helplessly? I already linked you to an actual audit report, and here you are asking if they have been audited and by whom? What is the point of this little charade? Its just the usual Rat, you say they havenn't been audited, then it turns out they have, then you complain its a public auditor, but when it turns out there's a private auditor, you say none of it matters anyway because they're all in on the conspiracy. Its the same game with the Fed. First the "Fed" is private and not Federal, then it turns out that only part of it is private, and even then only quasi private, and the rest is not private at all and as Federal as it gets. You then say the private part controls everything, but when we look into it it turns out that the Federal part controls everything, but you tell us it just looks that way and actually the conspirators secretly control everything anyway. So again, who cares if the Fed is private or not since you think the conspirators control everything anyway? Who cares if the Fed is audited or not since you think the conspirators control the auditors and the government and everything else anyway? It always starts with some bullshit story that you can't back up and then ends with "it doesn't matter because everything's a conspiracy anyway and if you disagree with me you're CIA". And then you go to another thread and say the same bullshit all over again.
Anything that needs auditing? You mean, anything they say that can be audited so they can come out and say "we're audited," when in fact most of the Fed's innner workings are a complete and total secret to everyone except the bankers themselves? If the Fed works for the American people as you, being the inveterate liar you are, claim, then why is the Fed being "audited" by another private company instead of Congress itself? (And I have already showed you what is off limits to Congress, which is the meat and potatoes of the banks' operations.) And no, the banks are not "quasi-private," the banks are private-private. Even Glenn Beck, who is an even bigger neocon liar than yourself, admitted this on his show the other day. https://www.youtube.com/watch?v=bLCHWhmyn8w Yet you would prefer to be the liar you are and shill for them, as you have always done.
Aha so first you're upset that they're being audited by a public auditor, since that's the government itself, now you're upset that they're being audited by a private auditor, because its not public! Oh dear Rat, any chance you're a complete fake making up circular, contradictory arguments at random? Lets remember that you started out this argument saying they hadn't been audited by anyone ever, so this is just the latest revision of your argument as you try to salvage some credibility. Good luck with that.
Argentina <LI class=traitelien>Agreement with the United States of America on the Abuse and Illicit Trafficking of Drugs, Law 23.920, 1991-03-21 ESP assistance Source : Argentina <LI class=traitelien>Treaty with Argentina on Mutual Legal Assistance in Criminal Matters, 1990-09-04 ENG assistance ( Other source ) Extradition Treaty with Argentina, 1997-06-10 ENG Extradition ( Other source ) http://www.oas.org/juridico/mla/en/usa/index.html
