If the Fed is audited, what might we find that they are doing which would be bad?

everything the fed does it bad
it counterfeits money and gives to crony politicans without peolpe aka congres approval
it avoids constitution
its nazis few people with way too much power

that being said a short list of insane (*)(*)(*)(*) fed does:
loans to israel
loans to other foriegn governments
causes infaltion
causes 2 great depressions
funds cronies
keeps prices up when they shoud fall making all richer
claims it is immune to control by congress
calims it can do what it wants
lets crony democrats print unlimited money

 

show me evidence that the fed lends to foreign governments

you really have to be clueless to believe that

only the treasury dept prints currency


Newsmax Not a Reliable Source of News

February 15, 2010

For those of you who rely on Newsmax for your news, you should be aware of some of their more notable screw-ups:

On May 26, 2000, Newsmax published an article claiming Hillary Clinton refused to meet with the Gold Star Mothers. According to the Gold Star Mothers organization, this was false and "Senator Clinton greeted us graciously on Gold Star Mothers Sunday, 2005. This story was also debunked at other websites and eventually led to a retraction by NewsMax.

http://www.gather.com/viewArticle.action?articleId=281474978048884

 

Quantitative easing involves the creation of a significant amount of new base money by a central bank by the buying of assets that it usually does not buy.

As of 12/2010 the USA had $8,853,400,000,000.00 in world wide money SUPPLY.

Only $15,700,000,000.00 was actual printed currency from the Treasury. The remaining 98% of the US money supply was created out of thin air by the Federal Reserve.

A MERE $16 billion in actual currency and $8.9 TRILLION in invented money.



So we have a mere $15 billion in currency and EACH MONTH the Federal Reserve CREATES $85 BILLION more invented money. 5 times the total CURRENCY is created with no backing, MONTHLY.

 

buying treasury securities is not a bank loan, the fed doesn't lend to governments

money creation isn't the printing of money

and every lending institution practices money creation

money is an abstract concept, an invention right out of thin air

 

I would think the left would be against the feds just handing money over to banks. Banks that are to big to fail. Banks that have no intention to loan money to the people who really need it. Banks that are foreclosing on loans just to have the house rot instead of working a lower plan for these people. Banks that are making record profits and large bonuses for CEOs. Banks that are helping to keep the poor down by giving them super high interest rates compare to the upper income loans. Etc.

But I don't see many people on the left even saying anything. Is it just me that the feds could be doing something better to help then the Feds giving money for profit to another bank. We have schools closing, bridges collapsing etc but the banks are doing just fine getting as much money as they want ( our money). The feds will hold the largest ever amount of homes and properties ever. What will they do with all of this? Maybe sell them to other larger banks maybe?

 

left wingnuts are just as crazy as the looney right wingnuts

plus, a lot of fed critics are dumb kids that think it's fashionable to bash the fed

just because ron paul, peter joseph and alex jones say so

 

What I said:

"The Fed invents money, buys T Bonds with the invented money, and the govt lends and GIFTS it to foreign govts."

Is exactly correct.

You might develop your reading skills and realize that what I said was correct.

The Fed buys T Bonds and the Govt uses that "money" to lend and give to foreign govt.

I never claimed the fed loaned money to foreign govts***. First they launder it through T Bonds and then the govt HAS that invented money. and they loan it and give it anywhere they think they can purchase a friend. Just a Democrats pass entitlements everywhere they think they can purchase a vote from a dummy.

*** Although finding out that they do would not come as a surprise. They could take a number to get on the scandal list.

 

The same man who essentially invented 'The Fed' also invented algebra and physics. Algebra and physics didn't create 2 great depressions....what country are you living in?

 

take you own advice, the point that was being discussed before you chimed in was

the fact that the fed does not lend money to governments, it lends to member banks and central banks

 

I'm well aware of "the point." I am capable of reading. You don't carry that burden.

Your claim:

"the fact that the fed does not lend money to governments, it lends to member banks and central banks"

That is your statement and as 100% always, YOU ARE WRONG.

The fed buys Treasury Bonds. THAT is a loan to the US Govt. An interest bearing LOAN. Perhaps, among some billions of other things, you didn't know that.

 

those aren't bank loans, it's you that's wrong again

just like you were completely wrong about the election

it looks like you and ron paul are on the same page

 

You still don't understand that Treasury Bonds ARE loans the the US Govt?

Do I need to explain it in some other language?

And are you now backpedaling? You claimed the Federal Reserve does not loan money to governments. But the FACT is, Treasuries ARE loans to the US Govt. And the Fed LOANS the US Govt $85 BILLION per month with nothing but a US Govt IOU to back the money the Fed invented.

And after the Fed loans money to the US govt through the laundering process of buying Treasuries. The US Govt then uses that invented, loaned, money to give and loan to foreign gov ts.

How can you NOT be aware of those facts and that I am Right and you are wrong.

And the election? On day ONE of the primaries, I clearly stated, MANY TIMES, that Ron Paul would NOT ever be a factor in any election and that he would QUIT before the primaries were over. And he did quit and tried to make it like he did not.

I also stated, often, that the media and the terminally stupid being solidly in obama's pocket, would be very hard to beat.

So where was I wrong about the elections?

I again often stated that I considered Ron Paul a lifelong failure that never accomplished one thing in 12 terms in Congress.

I believe you are as confused about the elections as you are about what the Federal Reserve does. Sad for you, really. But you've been that way since discovering the INTERNET.

 

what you don't seem to understand is that congress is forbidden from taking out loans from banks

the fact is that the federal reserve isn't responsible for making loans to congress

they don't lend money to the federal government any more than i do

from the constitution, only congress incurs debt for the usa

 

Dan40,

Judac knows better. He is merely a Hasbarat covering up. That's his function, to lie, to deceive, to cover up.
There are many more just like him. They are all working towards the same goal.


http://moneymorning.com/ob-article/schiff-us-will-win-currency-war.php?code=3243

All these people are doing is buying time until the inevitable happens. When it does, there will be nothing that US citizens can do about it without being sent to a FEMA camp.

Those people who are aware of this plan and support it believe they will not be adversely affected by it. They have their reasons.

It doesn't matter to them what others may have to suffer as a result of it, only that they themselves do not.
They are those who belonged to the new privileged class, "the Chosen". They only care that it DOES happen before the man in the streets becomes aware of it, and at a time when it will be too late.

This is exactly what happened to the Weimar economy prior to WWII.

Those who have engineered the collapse of the dollar were of the same stock as those who engineered the collapse of the Mark.

 

http://en.wikipedia.org/wiki/Peter_Schiff

http://peterschiffblog.com/peter-schiff-jewish-economist-sounds-the-warning/

And hey, if a Jew doesn't know, then who does?

 

If people would just learn to listen to them carefully, they would hear them tell how they intend to screw you.

 

grow a brain and stop making such ignorant comments

i'm from scots-irish ancestry

 

As is ALWAYS the case, you have no clue what you're talking about. and now your silly lame attempt to bring in Congress to deflect from the totally incorrect stance you have taken is laughable. As your posts often are, laughably incorrect. I never said a word about Congress, lame dodge on your feeble part. When the Federal Reserve buys Treasury Bonds, THAT is a loan to the US Treasury. an EARTHWORM WITH BRAIN DAMAGE knows Congress HAS NO MONEY. the Treasury HAS THE MONEY. Congress TELLS THE Treasury WHERE AND HOW TO SPEND IT.
It is terribly sad when you demonstrate to this forum and the world how woefully misinformed you always are.

 

you can twist all you want

the federal reserve doesn't lend money to anyone but member-banks and other central banks

congress doesn't go to the federal reserve say, we want to borrow money, they have to have the treasury auction securities

 

And just where does all the Fed get all this money to lend?

And if all the Fed does is lend money to banks, then what does Congress have to do with the business of private banks?

For if Congress gets it's money from the Treasury, and the money in the Treasury comes from tax payers, then what in hell does the Fed have to do with that?

Are you saying that the money from taxes goes to the Fed so they can lend it to the banks?

If you are, then I might agree with you on that.

Where in the devil do you think real money comes from?

answer: work and resources

And which of these does the Fed contribute?

answer: neither

So if the money the government uses comes from tax payers and not the Fed, then who in hell needs the Fed except the parasites that are sucking the life out of the nation?

And why in the devil would you want to defend them?

 

You are nothing but a brazen liar. There is no polite way to put it.

http://endoftheamericandream.com/archives/the-looting-of-america-the-federal-reserve-made-16-trillion-in-secret-loans-to-their-bankster-friends-and-the-media-is-ignoring-the-eye-popping-corruption-that-has-been-uncovered

That's because the crooks who are in charge of the Fed are from the same lot of crooks who run Wall Street and the same lot of crooks who have taken over the US government by a silent coup, and the same bunch of crooks who own and operate the mainstream media.

Who elected these bastards to represent the US public?

 

http://www.bloomberg.com/news/2011-04-01/foreign-banks-tapped-fed-s-lifeline-most-as-bernanke-kept-borrowers-secret.html

http://nationalpriorities.org/budget-basics/federal-budget-101/borrowing-and-federal-debt/

 

show me the evidence that leads you to draw that conclusion

 

http://www.morphcity.com/home/126-unholy-alliance-the-federal-reserve-and-the-treasury

 

of course you can't show any evidence for those stupid claims

you don't have a clue what the truth is and it's obvious you don't care about the truth

you just keep making up things that fit into your little nut case, fantasy world