It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
To the wise ATS members tuning in, how would you attempt to change the mind of your congressman if he believed this way?
I appreciate your concerns regarding the Federal Reserve System; however, I respectfully disagree that being an independent agency makes the Federal Reserve in any way less accountable to the American people. Congress created the Federal Reserve as an independent agency to protect it from excessive political and private pressures. At the same time, the Federal Reserve is accountable to Congress by both law and practice.(HERE I WOULD SUGGEST ASK HOW CAN TRUE ACCOUNTABILITY BE FACILITATED WITHOUT A PROPER AUDIT TO SHOW WHAT NEEDS TO BE ACCOUNTED FOR?) The seven members of the board are appointed by the president(APPOINTED OFFICIALS CAN HARDLY BE CONSIDERED HELD ACCOUNTABLE AS THEY ARE NOT ELECTED AND HAVE NO CONSTITUANTS, FURTHER ONCE A GOVERNER IS APPOINTED TO THE FEDERAL RESERVE BOARD THEY CANNOT BE REMOVED FOR THEIR VIEWS OR POLICIES) with the advice and consent of the U.S. Senate, and Congress routinely monitors the Federal Reserve System through formal and informal oversight activities.(THE OVERSIGHT MENTIONED ONLY COVERS SPECIFIC PERAMETERS WHICH ARE RESTRICTED BY LAW. IF THERE WAS NOTHING TO HIDE WHY DO THOSE PERAMETERS NOT ALLOW FOR FULL DISCLOSURE. A PROPER AUDIT BEYOND THE THESE SECRETIVE PERAMETERS IS REQUIRED)
It's good that the FED is independent, fiscal- and monetary policy are two means for controlling and stimulating the economy. If congress also had full access to monetary policy tool (the FED) besides the fiscal policy tool it would be a recipe for disaster since they would use the fed for their own means and agenda (win the election, massage the lobby etc).
Originally posted by AlienChaser
Originally posted by grey580
Am I the only one that's thinking that money is going into some black operations budget?
9 trillion! Are we fighting a war in outer space or something and we aren't being told about it?
The numbers are staggering to say the least. And I can't imagine that amount of money just disappearing. I mean could it be possible that some greedy bastard is just raping the crap out of the Fed? I can't imagine that amount of money being stolen without someone knowing and approving it.
There's no fricken way that's not being used for something.