Can He Do That?!

What do you mean the Fed can't give away money? I recall reading something about them doing just that.

 

How do you know they make a profit when they can't be audited? Nobody knows how much money they have or don't have.

 

It's not giving away money. They are allowing banks to print money, which puts money into circulation, but they aren't just giving it away like a stimulus. What I mean is that you don't get a check from the Federal Reserve to you. They can only give other banks permission to print money.

 

The Federal Reserve was audited this year...

 

Which set of books did they supply for this audit?

 

The Federal Reserve has never been given a real, full audit.

 

Um, no.... the banks which print the money (via the Treasury) are banks which are part of the Federal Reserve System.

 

If the federal reserve is the one responsible for puting economy under control then is failed, right?
Am not staying in USA but i follow it day to day, no way you can say that it ius in control right now, wait for some few years it will be like Greece.
I agree that you can not remove a federal reserve but there is a need for it to be reformed.

 

Depends. How many Lee Harvey Oswalds can you stuff in a book repository?

Not that it matters. Gary Johnson has about as much chance of being elected as I do.

 

DJ,

THE FEDERAL RESERVE SYSTEM

Since 1913, the currency of the United States has been owned and managed by a private corporation of international bankers known as the "Federal Reserve System."

This group prints "Federal Reserve Notes" and loans them out to the United States Treasury. American taxpayers then pay interest to the Federal Reserve banking families for the rights to use their money.

The Federal Reserve banking families can therefore print as much money as they want -- and give it to whomever they want, secretly, with no oversight or input from the United States government.

Former Federal Reserve chairman Alan Greenspan admits that the Federal Reserve is an independent agency whose decisions cannot be overruled by any element of the legitimate United States government.

REPORTER: "What is the proper relationship... what should be the proper relationship between a chairman of the Fed and a president of the United States?"

GREENSPAN: "Well, first of all, the Federal Reserve is an independent agency. And that means basically that, uh, there is no other agency of government which can overrule actions that we take.

"So long as that is in place, and there is no evidence that the administration, the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don't frankly matter.

"I've had very good relationships with presidents."

_____________________________________

Fifteen Trillion Dollars


CONGRESSMAN GRAYSON SPELLS IT OUT


Fifteen trillion dollars -- or one year's worth of the US National Debt -- is a stack of money that is longer and wider than a football field... and over 2/3rds the height of the Statue of Liberty.

If you add another 11 Trillion to get our total of 26 Trillion, that same stack will now be taller than the Statue of Liberty.

This monstrous mass of paper would look as if a gigantic Borg Cube had completely invaded an entire football stadium -- past the ceiling.

Here is a small part of the letter where Congressman Alan Grayson reveals how he found this number, in the newly-audited Federal Reserve balance sheets, to John Hively -- “The World’s Most Accurate Economic Forecaster Since 1989”.

http://johnhively.wordpress.com/2011/12/05/breakdown-of-the-26-trillion-the-federal-reserve-handed-out-to-save-rich-incompetent-investors-but-who-purchase-political-power/

CONGRESSMAN GRAYSON: I wouldn’t want anyone to think that I’m dramatizing or amplifying what this GAO report says, so I’m just going to list some of my favorite parts, by page number.

Page 131 – The total lending for the Fed’s “broad-based emergency programs” was $16,115,000,000,000. That’s right, more than $16 trillion. The four largest recipients, Citigroup, Morgan Stanley, Merrill Lynch and Bank of America, received more than a trillion dollars each.

The 5th largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group, PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a quarter of a trillion and a trillion dollars. None of them is an American bank.

Page 205 – Separate and apart from these “broad-based emergency program” loans were another $10,057,000,000,000 in “currency swaps.” In the “currency swaps,” the Fed handed dollars to foreign central banks, no strings attached, to fund bailouts in other countries….

These currency swaps and the “broad-based emergency program” loans, together, totaled more than $26 trillion. That’s almost $100,000 for every man, woman, and child in America.

That’s an amount equal to more than seven years of federal spending — on the military, Social Security, Medicare, Medicaid, interest on the debt, and everything else. And around twice America’s total GNP….

If the Fed had extended $26 trillion in credit to the American people instead of Wall Street, would there be 24 million Americans today who can’t find a full-time job?

 

He should shut it down. Don't believe the "economists" who say a gold standard won't work even though it has worked for thousands of years. It would be even easier now with electronics. I'm not sure if he'll be able to do it though. Too much politics in the way, plus he won't win anyway. =(

 

Let's just roll that around for a minute, shall we?

"A gold standard would be easier with electronics."

"A gold standard would be easier with electronics."

"A gold standard would be easier with electronics."

 

Omfg thats trippengmee out

 

:smilielol5::smilielol5::smilielol5:

Wow... that is... really something.