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Author Topic: Audit the fed.  (Read 247 times)
bluefirecorp_ (OP)
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October 13, 2019, 03:24:38 PM
 #1

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

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Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

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October 13, 2019, 10:47:18 PM
 #2

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

Quote
Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

Good move and I hope more Americans will support this initiative. When Federal Reserve is transparent, I  think more Americans will trust this institution.But, of course this initiative will have a strong oppositions from the moneyed billionaires who wants to protect their interest,assets and businesses.

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October 15, 2019, 04:51:03 PM
Merited by suchmoon (4)
 #3

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

Quote
Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

Sadly i fear if the fed were actually audited, it would be found to be insolvent and chaos would ensue
in that regard, they can never allow it sadly. Which sux as the people need to realize the mess financially the US is.
They owe China 12 trillion dollars, and an audit would show im sure way scarier things then even THAT!
the fed will never be audited imo

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October 15, 2019, 08:16:29 PM
 #4

Ron Paul was advocating for this over 10 years ago. Where was Bernie then? At this point though it is pointless. All an audit would do is crash the economy once people realize it is all based on fraud.
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October 15, 2019, 11:04:24 PM
 #5

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

Quote
Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

Isnt the Fed already being audited all the time by different US gov organizations - https://www.federalreserve.gov/faqs/about_12784.htm

The fed is audited.

If you don't like the policies of the Fed and want something to change thats one thing, but making up things that aren't true to further your narrative isn't something that we should do. If we want, give Congress more ability over the decisions of the FED -- or a group elected by the people that isnt congress, etc.




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October 16, 2019, 12:12:33 AM
 #6

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

Quote
Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

Isnt the Fed already being audited all the time by different US gov organizations - https://www.federalreserve.gov/faqs/about_12784.htm

The fed is audited.

If you don't like the policies of the Fed and want something to change thats one thing, but making up things that aren't true to further your narrative isn't something that we should do. If we want, give Congress more ability over the decisions of the FED -- or a group elected by the people that isnt congress, etc.

Bitcoin is (was?) a way to bypass the Fed. But people started to use it as an investment to play with Fed fiat. So, it's up to each of us which game we want to play.

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October 16, 2019, 12:45:41 AM
 #7

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

Quote
Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

Sadly i fear if the fed were actually audited, it would be found to be insolvent and chaos would ensue
in that regard, they can never allow it sadly. Which sux as the people need to realize the mess financially the US is.
They owe China 12 trillion dollars, and an audit would show im sure way scarier things then even THAT!
the fed will never be audited imo

There is likely no meaning to a term such as "insolvent" for the FED.

What I always thought the possible benefits of "auditing the FED" to be would be to open up the internal power structures and reveal whether they were something different than what we thought, or even against our interests.

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October 16, 2019, 03:16:08 AM
Last edit: October 16, 2019, 03:32:15 AM by TECSHARE
 #8

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

Quote
Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

Isnt the Fed already being audited all the time by different US gov organizations - https://www.federalreserve.gov/faqs/about_12784.htm

The fed is audited.

If you don't like the policies of the Fed and want something to change thats one thing, but making up things that aren't true to further your narrative isn't something that we should do. If we want, give Congress more ability over the decisions of the FED -- or a group elected by the people that isnt congress, etc.

That's cute that you believe that, and from the horse's mouth no less. The Federal Reserve is a private bank with zero accountability to the US government. The only oversight the government has, is the president can appoint its chair. The Federal Reserve is easily the biggest slave system in human history. I would suggest reading The Creature from Jekyll Island.

https://www.sott.net/article/250592-Audit-of-the-Federal-Reserve-Reveals-16-Trillion-in-Secret-Bailouts


"Ron Paul - Bernie Sanders destroyed Audit the Fed Bill at the last minute"

https://www.youtube.com/watch?v=ZNuHRyip3iA
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October 16, 2019, 03:27:39 PM
Merited by suchmoon (4)
 #9

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

Quote
Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

Isnt the Fed already being audited all the time by different US gov organizations - https://www.federalreserve.gov/faqs/about_12784.htm

The fed is audited.

If you don't like the policies of the Fed and want something to change thats one thing, but making up things that aren't true to further your narrative isn't something that we should do. If we want, give Congress more ability over the decisions of the FED -- or a group elected by the people that isnt congress, etc.

That's cute that you believe that, and from the horse's mouth no less. The Federal Reserve is a private bank with zero accountability to the US government. The only oversight the government has, is the president can appoint its chair. The Federal Reserve is easily the biggest slave system in human history. I would suggest reading The Creature from Jekyll Island.

https://www.sott.net/article/250592-Audit-of-the-Federal-Reserve-Reveals-16-Trillion-in-Secret-Bailouts


"Ron Paul - Bernie Sanders destroyed Audit the Fed Bill at the last minute"

https://www.youtube.com/watch?v=ZNuHRyip3iA


That's just not true in the least. This is a conspiracy theory.

The fed is already audited at least once per year, typically MULTIPLE times per year.

I actually read the bill today finally. All it does is slightly modify the audit that's already done to allow more of the Board's actions to be audited, and compels an audit by the end of 2012. It's really not that exciting.

All the 'audit the fed bill' is doing is trying to audit more of what the Fed does, it's not like Ron Paul is saying that the Fed is not being audited right now. As they are, every year.




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October 16, 2019, 06:00:40 PM
 #10

That's just not true in the least. This is a conspiracy theory.

The fed is already audited at least once per year, typically MULTIPLE times per year.

I actually read the bill today finally. All it does is slightly modify the audit that's already done to allow more of the Board's actions to be audited, and compels an audit by the end of 2012. It's really not that exciting.

All the 'audit the fed bill' is doing is trying to audit more of what the Fed does, it's not like Ron Paul is saying that the Fed is not being audited right now. As they are, every year.

Knowing your field of study, I must say you should be embarrassed to be so uninformed on this topic. You know damned well how much you can hide with only a partial audit. The Federal Reserve is a private bank with zero accountability to the US government. "Conspiracy theory" Yeah who ever heard of bankers trying to take over and control everything through shady accounting and fraud right? It is right up there with Nibiru and reptilians isn't it? Think for a moment how many resources are dedicated to protecting this racket and spend some time reading independent sources about the Federal Reserve. You are wrong.
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October 16, 2019, 06:05:38 PM
 #11

That's just not true in the least. This is a conspiracy theory.

The fed is already audited at least once per year, typically MULTIPLE times per year.

I actually read the bill today finally. All it does is slightly modify the audit that's already done to allow more of the Board's actions to be audited, and compels an audit by the end of 2012. It's really not that exciting.

All the 'audit the fed bill' is doing is trying to audit more of what the Fed does, it's not like Ron Paul is saying that the Fed is not being audited right now. As they are, every year.

Knowing your field of study, I must say you should be embarrassed to be so uninformed on this topic. You know damned well how much you can hide with only a partial audit. The Federal Reserve is a private bank with zero accountability to the US government. "Conspiracy theory" Yeah who ever heard of bankers trying to take over and control everything through shady accounting and fraud right? It is right up there with Nibiru and reptilians isn't it? Think for a moment how many resources are dedicated to protecting this racket and spend some time reading independent sources about the Federal Reserve. You are wrong.

Ah. So you're now going to resort to personal attacks on my field of study and myself in order to push your false claim.

The Fed is probably one of the most scrutinized agencies in the US and they are under audit from themselves, from the GAO, and from third party auditors.

But I'm going to entertain your line of thinking for a moment. What do you think is going to be found in 'full audit of the fed'? What do you think they're hiding?

If 'audit the fed' means that you want Congress/ The President to have more control over the fed -- then okay, that's at least something that has a lot more substance then 'audit the fed'





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October 16, 2019, 06:17:16 PM
 #12

Ah. So you're now going to resort to personal attacks on my field of study and myself in order to push your false claim.

The Fed is probably one of the most scrutinized agencies in the US and they are under audit from themselves, from the GAO, and from third party auditors.

But I'm going to entertain your line of thinking for a moment. What do you think is going to be found in 'full audit of the fed'? What do you think they're hiding?

If 'audit the fed' means that you want Congress/ The President to have more control over the fed -- then okay, that's at least something that has a lot more substance then 'audit the fed'

I didn't make a personal attack. I said you should be embarrassed to be so uninformed. That is an observation of your lack of knowledge on a subject that is directly within your field of study, and rightly should be a source of shame. It is not an attack on your character.

As I already explained the time for the fed audit to be useful has long since passed, but the fact is they are putting the USA into massive amounts of debt by propping up other nations/banks/currencies, that is one major thing that would be exposed. I am not even advocating for an audit, I am simply pointing out it is really not happening and the fraud happening in the darkness is of globally historic proportions.
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October 17, 2019, 02:43:51 PM
 #13

Ah. So you're now going to resort to personal attacks on my field of study and myself in order to push your false claim.

The Fed is probably one of the most scrutinized agencies in the US and they are under audit from themselves, from the GAO, and from third party auditors.

But I'm going to entertain your line of thinking for a moment. What do you think is going to be found in 'full audit of the fed'? What do you think they're hiding?

If 'audit the fed' means that you want Congress/ The President to have more control over the fed -- then okay, that's at least something that has a lot more substance then 'audit the fed'

I didn't make a personal attack. I said you should be embarrassed to be so uninformed. That is an observation of your lack of knowledge on a subject that is directly within your field of study, and rightly should be a source of shame. It is not an attack on your character.

As I already explained the time for the fed audit to be useful has long since passed, but the fact is they are putting the USA into massive amounts of debt by propping up other nations/banks/currencies, that is one major thing that would be exposed. I am not even advocating for an audit, I am simply pointing out it is really not happening and the fraud happening in the darkness is of globally historic proportions.

What do you mean the time for the Fed to be  useful has passed? The fed ensures that we have stable financial markets.

It's already audited and it's not about honesty. It's about throwing red meat to Fed conspiracy theorists on the far right and far left.

Why should a branch of government that runs up debt and couldn't pass a budget for years be allowed to politicize and/or control the money supply? That's a recipe for disaster.

The statement from their most recent meeting is available. So are the minutes. The Fed holds a press conference after every meeting.

Full transcripts of their past meetings are available.

Their balance sheet is available. Their audited financial statements are available.

Their short-term projections of economic variables are available.

Their statement on medium-term strategy is available.

Their statement on longer-term strategy is available.

Even some of their internal forecasting models are available.

The Fed chair meets with Congress twice per year and Fed officials provide official remarks from time to time. Senior Fed officials openly discuss policy options in speeches.

Virtually none of that information was public just twenty years ago.

What else do you desire?




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October 18, 2019, 01:08:01 AM
 #14

Ah. So you're now going to resort to personal attacks on my field of study and myself in order to push your false claim.

The Fed is probably one of the most scrutinized agencies in the US and they are under audit from themselves, from the GAO, and from third party auditors.

But I'm going to entertain your line of thinking for a moment. What do you think is going to be found in 'full audit of the fed'? What do you think they're hiding?

If 'audit the fed' means that you want Congress/ The President to have more control over the fed -- then okay, that's at least something that has a lot more substance then 'audit the fed'

I didn't make a personal attack. I said you should be embarrassed to be so uninformed. That is an observation of your lack of knowledge on a subject that is directly within your field of study, and rightly should be a source of shame. It is not an attack on your character.

As I already explained the time for the fed audit to be useful has long since passed, but the fact is they are putting the USA into massive amounts of debt by propping up other nations/banks/currencies, that is one major thing that would be exposed. I am not even advocating for an audit, I am simply pointing out it is really not happening and the fraud happening in the darkness is of globally historic proportions.

What do you mean the time for the Fed to be  useful has passed? The fed ensures that we have stable financial markets.

It's already audited and it's not about honesty. It's about throwing red meat to Fed conspiracy theorists on the far right and far left.

Why should a branch of government that runs up debt and couldn't pass a budget for years be allowed to politicize and/or control the money supply? That's a recipe for disaster.

The statement from their most recent meeting is available. So are the minutes. The Fed holds a press conference after every meeting.

Full transcripts of their past meetings are available.

Their balance sheet is available. Their audited financial statements are available.

Their short-term projections of economic variables are available.

Their statement on medium-term strategy is available.

Their statement on longer-term strategy is available.

Even some of their internal forecasting models are available.

The Fed chair meets with Congress twice per year and Fed officials provide official remarks from time to time. Senior Fed officials openly discuss policy options in speeches.

Virtually none of that information was public just twenty years ago.

What else do you desire?

"As I already explained the time for the fed audit to be useful has long since passed..."

Come on man, you are literally changing my words now.
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October 18, 2019, 01:09:08 AM
 #15

Ah. So you're now going to resort to personal attacks on my field of study and myself in order to push your false claim.

The Fed is probably one of the most scrutinized agencies in the US and they are under audit from themselves, from the GAO, and from third party auditors.

But I'm going to entertain your line of thinking for a moment. What do you think is going to be found in 'full audit of the fed'? What do you think they're hiding?

If 'audit the fed' means that you want Congress/ The President to have more control over the fed -- then okay, that's at least something that has a lot more substance then 'audit the fed'

I didn't make a personal attack. I said you should be embarrassed to be so uninformed. That is an observation of your lack of knowledge on a subject that is directly within your field of study, and rightly should be a source of shame. It is not an attack on your character.

As I already explained the time for the fed audit to be useful has long since passed, but the fact is they are putting the USA into massive amounts of debt by propping up other nations/banks/currencies, that is one major thing that would be exposed. I am not even advocating for an audit, I am simply pointing out it is really not happening and the fraud happening in the darkness is of globally historic proportions.

What do you mean the time for the Fed to be  useful has passed? The fed ensures that we have stable financial markets.

It's already audited and it's not about honesty. It's about throwing red meat to Fed conspiracy theorists on the far right and far left.

Why should a branch of government that runs up debt and couldn't pass a budget for years be allowed to politicize and/or control the money supply? That's a recipe for disaster.

The statement from their most recent meeting is available. So are the minutes. The Fed holds a press conference after every meeting.

Full transcripts of their past meetings are available.

Their balance sheet is available. Their audited financial statements are available.

Their short-term projections of economic variables are available.

Their statement on medium-term strategy is available.

Their statement on longer-term strategy is available.

Even some of their internal forecasting models are available.

The Fed chair meets with Congress twice per year and Fed officials provide official remarks from time to time. Senior Fed officials openly discuss policy options in speeches.

Virtually none of that information was public just twenty years ago.

What else do you desire?

"As I already explained the time for the fed audit to be useful has long since passed"

Common man, you are literally changing my words now.

Ah my bad. Honest mistake -- read that wrong.

But the rest of what I put below stands.




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October 18, 2019, 01:11:06 AM
 #16

Ah my bad. Honest mistake -- read that wrong.

But the rest of what I put below stands.

None of what you provided excludes the point I was making. The Fed does all kinds of stuff in complete darkness. The "audit" you describe is a sham and superficial at best.
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October 18, 2019, 01:21:33 AM
 #17

https://berniesanders.com/issues/real-wall-street-reform/

As part of Bernie Sanders' Wall Street Reform, it includes auditing the federal reserve.

Quote
Audit the Federal Reserve and make it a more democratic institution so that it becomes responsive to the needs of ordinary Americans, not just the billionaires on Wall Street.

once the public starts auditing the Fed, trust in it crushes even faster.

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October 22, 2019, 06:43:29 AM
 #18

https://www.goldmoney.com/research/goldmoney-insights/measuring-recession
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October 23, 2019, 01:14:12 AM
 #19

Ah my bad. Honest mistake -- read that wrong.

But the rest of what I put below stands.

None of what you provided excludes the point I was making. The Fed does all kinds of stuff in complete darkness. The "audit" you describe is a sham and superficial at best.

What is your evidence or proof that this is 'superficial' or a 'sham'

I'd understand if your argument was that you want congress to have more control over the Fed. That's something that at least is understandable and could be helpful in certain circumstances -- though horrible in others when politicians want short term growth just to get reelected and they start using monetary policy to get that.




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October 23, 2019, 02:49:35 AM
Merited by squatz1 (2)
 #20

As part of Bernie Sanders' Wall Street Reform...

I would echo the idea that Ron Paul’s name is the one that should be attached to all things “audit the Fed.”

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