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

never read the Constitution, huh?

 

Nowhere in the Constitution does it say that.

 

I'm afraid he's got a point on this one:

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

What the Constitution does NOT say is that this power should belong to the FEDERAL RESERVE.

It does NOT authorize the Federal Reserve with the ability to counterfeit money, which is essentially what it's doing, thanks to the Federal Reserve Act of 1913.


Our Congress should not be borrowing money from the privately owned Federal Reserve banks to the tune of placing the US 17 TRILLION in debt. It is impossible to even pay off the interest on this much money. That means that the banksters of the Federal Reserve OWN the US by virtue of owning it's debts.

It is in the process of selling bits and pieces of the US off to foreign interests such as China at this very time.

http://www.federalreserve.gov/aboutthefed/fract.htm

http://www.usdebtclock.org/


Our entire government has become little more than a staging ground for organized crime because our Representatives are all bought and paid for by the syndicates who give them their orders.

Marxism is being used to sell this corrupt system to the US people through the bribes and kick backs it doles out to the public in the form of "entitlements" and welfare.

We are essentially selling our heritage for a bowl of soup.

Once the power elite have established themselves to the point that they no longer need fear an uprising or a bloody civil war, they will then withdraw all the empty promises of a Socialist panacea right along with all the government checks.
Then we will all be told what we may and may not do.

They are financing this take over through the counterfeit money authorized by the Fed.

That day will be ensured when all the guns have been confiscated from private citizens.

An interesting aside:

http://davidduke.com/former-head-bank-israel-nominated-vice-chair-federal-reserve/

It's all being kept in the family.

 

Nowhere is 'currency' defined in the Constitution. Money is defined as a coin. That is a very important distinction to make. Determining the value of currency and determining the value of money is two distinctly different actions.

The government was indeed charged with determining the value of the money coins and they accomplished that task in the Coinage Act of 1792. The value of the dollar is 371.25 grains of pure silver. The value of the Eagle coin is 247.5 grains of pure gold.

Gold and silver coins (money) was used as currency but they were not the only currencies traded. Much bartering went on which is a currency as well and the federal government did not have any say in those currencies.

 

The very fact that the Fed exists at all is BAD! LOL! The only people who profit from what the Fed does are the bankers. J.P. Morgan and his cronies created it to effectively take over the monetary system of the U.S. and they succeeded! Now they print up worthless money like it's going out of style and the inflation that will inevitably hit as a result will cripple the country! The dollar is backed by NOTHING but it's good name and if the rest of the world loses interest in U.S. treasuries the bottom will fall out from under it. The result would be a catastrophic collapse of our economy and we'll resemble post WWI Germany which was known as the Weimar Republic. There are pictures from that time in history books of people with wheelbarrows of cash paying for a loaf of bread! To heck with auditing the Fed... that whole thing needs to be abolished along with their henchmen, the IRS!

 

Inflation is not inevitable no matter how many dollars the Fed prints up. But I've been hearing that old saw now for about 10 years.

 

Some of the excess money is going into farmland. Price inflation for farmland is way up.

Chicago Federal Reserve

 

Is that because the Fed is printing money or because farmland prices have been depressed for many years? Or is it because financing is cheap?

 

Good questions. I don't have the answers.

 

Supply and demand! The more of something that exists, the less that something is worth. When there's too much fiat currency in circulation it takes more of it to buy things. I did a little research on the prices of goods and services over the past 40 years or so and here's a good example of how far the dollar has fallen in value. In early 1971 before we left the gold standard a guy could go to a tailor and have a suit made to his specifications and of the finest cloth available for one ounce of gold or about $35. Today you can go to the tailor's shop and have the same exact suit made and it will still cost you one ounce of gold but as of this morning's spot price it will cost you about $1,200!!! In 1963 you could buy a brand new Pontiac (and in those days cars were full sized family cars made out of steel) for about $2,200 which today would only be the amount of a down payment! So as you can see, products themselves are not really more expensive to produce and aren't really selling for more than they used to, it's just that the dollar's value has depreciated to the point that it takes a LOT more of them! Since the 08' crash the Fed has had the printing press going in a smoking speed for QE ( economic stimulus) and China has announced recently that they will be scaling back on their holdings in the dollar. If they and our other investors decide to dump their holdings on to the market our economic goose will be cooked! Some experts believe that what would ensue would most likely be a depression that would make the 30s look like a cake walk. That depression was deflationary and prices on goods and services went down (loaf of bread .10 cents) whereas what we would face this time around would be an inflationary depression where prices go up (loaf of bread $20.00)! People don't grow crops or livestock anymore as folks still largely did during the 30s, now they rely on the corner super market for their food! What will happen to our society if this depression were to happen?!? Hell on earth! Again the dollar is only as good as it's reputation and we don't make anything anymore, we just import everything that we need! What would we have to trade with to other nations? All we'd have left of any value is our country's natural resources and we'd end up selling off large chunks of real estate to pay our debts. So as a result of giving our monetary system to a crooked, privately owned bank (the Fed) and becoming a nation of consumers we could lose everything, even the country itself. The best investments today are gold, guns and a LOT of ammunition!

 

Would you rather pay off our debt with hard dollars or with inflated dollars?

 

In 1963 the median family income was $6,249 and today it is $62,241. That $2200 car in 1963 is the equivalent of a $22,000 car in today's income.
Had you invested that $2200 in the Dow you'd have $50,000 today.

Inflation doesn't just affect prices, it affects incomes and investments as well. It's all relative.

 

LOL! Yes but my point is that I'd rather have $2,200 that are worth something than $50,000 that isn't worth the paper it's printed on!

 

I feel your pain. Send me that worthless $50,000. I'll even pay postage. I like it for sentimental reasons.

 

LOL! I would but I need it to help pay for my $150,000 house that is really only worth about $40,000! If we ever get back on a gold standard and print treasury notes accordingly, I promise that I'll send you all of my fiat dollars, minus the ones I use to light my BBQ pit or wipe my butt with!

 

I guess that $50,000 isn't so "worthless" after all.

 

Yeah I guess you're right! It would make excellent butt wipe!

 

Put your money where your mouth is. You can send those $50,000 "butt wipes" to me any time. I'll send you a nice pack of Charmin in exchange.

 

You got it bro, at least the Charmin is more absorbent and won't chafe! I'll also send you some Monopoly money! It's worth about the same as a fiat dollar but it's a lot purdier to look at!

 

I'll pass on the monopoly money. I'll just take that $50,000 in worthless Federal Reserve notes off your hands.

 

http://theinformistnews.com/2014/01/13/federal-reserve-whistleblower-tells-america-the-dirty-truth/

 

Closed ~ Post Capacity