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Here is what the fed has done. Looted the US basically.
While the world waits with baited breath on the Contrived Drama of the Debt Ceiling (http://dont-tread-on.me/the-contrived-drama-of-the-debt-ceiling/ - broken link), the real show has already been played out,secretly and behind the scenes. The first audit of the privately owned and foreign owned Federal Reserve by the GAO,has turned up $16 Trillion dollars of loans all over the world to prop up the global fiat empire. This massive money creation is over and above Hank Paulson’s $700 billion dollar heist of the American public. It is also in addition to QE1 and QE2 that resulted in an illusionary recovery of the economy. All of this money printing has done nothing to create any economic growth and it never will. The scary part is that this was done with no oversight or accountability .[LEFT]
Read more: Fed?s $16 Trillion Dollar Secret Slush Fund Props Up Our Way Of Life - Business Insider
I won't even mention the solicitor general of the fed not being able to account for the US physical gold holdings while under questioning by Ron Paul in senate committee. Probably all looted years ago. No youtube's allowed according to the OP.
[/LEFT]
I find it funny how you have no comment about the fed sending 16 trillion taxpayer dollars to bail out other countries. I guess if you pretend it never happened it didn't. Lefties do a lot of that.
I find it funny how you have no comment about the fed sending 16 trillion taxpayer dollars to bail out other countries. I guess if you pretend it never happened it didn't. Lefties do a lot of that.
Who found out about the $16tril, oh yeah, the GAO. And who is the GAO, oh yeah, the Govt Accountability Office part of who's job it is to provide oversight of the FED.
Who found out about the $16tril, oh yeah, the GAO. And who is the GAO, oh yeah, the Govt Accountability Office part of who's job it is to provide oversight of the FED.
IF there was true oversight of the FED by any part of our federal government then Congress and the POTUS would have been informed of the FED's loans to the big banks prior to the vote on TARP.
Just read the the first part of that article 'What Does the Fed Do' to see how much of a failure it really is - not to mention the things he leaves out.
IF there was true oversight of the FED by any part of our federal government then Congress and the POTUS would have been informed of the FED's loans to the big banks prior to the vote on TARP.
What on earth makes you think they, or the Senate Oversight Committee, weren't informed? Was it a good idea to make loans? I won't pretend to know the answer to that, that is one of the many areas we have to trust in our System until proven otherwise.
Just read the the first part of that article 'What Does the Fed Do' to see how much of a failure it really is - not to mention the things he leaves out.
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I'm a huge fan of Dr. Tom Woods.
