Fed Would Be Shut Down If It Were Audited, Expert Says, page 2
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ATS Members have flagged this thread 44 times


reply posted on 10-6-2009 @ 04:23 PM by earlywatcher
reply to post by flysse



this is so true! i've thought about it many times. how can anybody take it upon himself to force each person to pay to be allowed to live? the price is getting higher and higher. It's not really about buying stuff any more. It's just what is required to continue. people decided that some people owned land. people own water. even those who believe they own land sometimes discover someone else owns what's beneath the surface. i'm sure they will figure out how to own air. insanity.



reply posted on 10-6-2009 @ 04:52 PM by DragonsDemesne
reply to post by herbii



I don't know about American missing money, but here in Canada, there is a very recently begun investigation into $20 million in missing gold from the Royal Canadian Mint. The latest news on that is they've managed to determine that they don't have the gold they thought they did, i.e. it wasn't an accounting error in inventory. It may still be an accounting error, but it's starting to look more like it may have been stolen.

www.ottawacitizen.com...

BTW, the $20 million figure isn't in that link, or I didn't see it anyway; it was in my local newspaper as the upper limit given by an unnamed source. (Edmonton Journal)

There's this American missing money, too, but if you've followed ATS recently, you probably already know about it.

$9 Trillion missing


reply posted on 10-6-2009 @ 06:27 PM by nunya13
I noticed my representative is supporting this bill. In fact, both representatives for Idaho are (oddly enough, being as red as it is, Idaho has both a Democratic and a Republican representative).

I wrote him this letter:

Congressman Mike Simpson
802 W. Bannock, Suite 600
Boise, Idaho 83702

Dear Mr. Simpson,

I recently became aware that you are sponsoring H.R. 1207. I am writing you to say that I also strongly support this bill and I hope that you will continue to support despite the efforts of the Federal Reserve to stop this bill from coming to fruition. As I understand it, there are some cosponsors that have been swayed by the Fed and have pulled their sponsorship. Please don’t be one of those people.

I should note that I am against the very existence of the Federal Reserve, as many people are, but since it doesn’t seem like those who have the power to abolish it ever will, at least in the near future, this bill will do just fine.

It’s time we hold somebody accountable for the mess we are in. There are many to blame, but I believe it starts at the Federal Reserve Bank.

Thank you for supporting this bill. I am proud that, not only is there somebody who has exercised some intelligence when it comes to fixing the state of our economy, but also, that one of those people happens to be my representative.

Very Sincerely Yours,



Anya



--I'll let you know when and if I receive a response.

I strongly suggest many do the same. You can even use my letter as a template if you want. We need to let them no we support them so it may be harder for them to pull back if the Fed tries to sway them.

If I find out Mr. Simpson pulls his sponsorship, I will send a copy of this letter with a scathing one decrying that foul decision.


reply posted on 10-6-2009 @ 07:10 PM by dtice
I am no financial wizard (far from it), but could it be possible they are allowing this to happen? So we can savor a "victory" and wonder how we are going to take the country back. Meanwhile the IMF is beginning to issue bonds to the big guys around the world. Russia, Brazil, China, eventually all the g20's.

www.bloomberg.com...

They have to sell their u.s. treasuries in order to do this and the IMF bonds are issued from Special Drawing Rights. Is this why we see the fed go down. To make room for these IMF issued bonds? Is this our new currency?

No matter what victory it looks like we are going to achieve with abolishing the fed, before celebrating, ask yourself if that is what "they" really want.



reply posted on 10-6-2009 @ 07:27 PM by badmedia
Originally posted by Mister E.
Think of how that would affect the economy and business in the us. I don't think the government will allow an audit, and if they did, it would show everything is ok and nothing is wrong as they keep us in the dark about it. And to think, these are the guys helping out car companies, banks, and other bailout business in the us.


I'm sorry, but do you actually own a company or are you at least an executive within a company?

Well I do. And not only do I, but I also work with all the major car companies. I was 100% against the bailout and they aren't helping me at all.

Yes, I have watched my revenue decline with haste over the past year and a half. To the point where the auto industry isn't even our main focus anymore.

The only companies it helps out are those who keep getting big corporate loans. And news flash, that is not the majority of companies or businesses out there. It is only the wall street corporations.

In fact, due to the inflation and increased prices due to the printing up of more money, it has actually hurt my company a good bit. My company is debt free and doesn't borrow money. This means that as they print up more money, they are taking away the purchasing power my company has. And while we may operate on savings rather than debt, it's not an unlimited supply. We've had to cut many "non-essential" employees pay just to try and keep the overhead down.

As it turns out, giving GM and these companies billions of dollars doesn't help people buy cars. It doesn't help anyone. If GM should start spending that money in a way other than paying off their existing loans, I'll be sure to let you know. But thus far this year they have just gotten worse. I work with all the manufactures and they rank very low on my totem pole.

And I'm actually someone who has been a fan of chevy my entire life.

Turn off your TV and quit thinking wall street has much at all to do with the health of most companies. Propping up failed businesses doesn't help anyone. There is a reason they were failing. I completely wish they had just gone under, would have been better for me. I might would have lost a buyer/customer but it doesn't really matter if people aren't buying cars.


reply posted on 10-6-2009 @ 08:59 PM by lucentenigma
I wrote my Congressman last month asking his stance on bill H.R. 1207. This is the BS reply I received:



Dear Friend: Thank you for the opportunity to address this important issue with you. As a member of our North Florida family, your views are important to me. I appreciate the thoughts you have communicated. Today we are facing some of the toughest economic times since the Great Depression. People in North Florida and all over America are struggling and becoming more and more concerned about the economy. In these times, Congress has taken action to make sure our financial system is sound. The Federal Reserve was created in 1913 to provide our nation with a stable financial system. This non partisan entity supervises the regulation of our financial institutions and influences monetary policy and credit conditions. Throughout my time in Congress I’ve always worked hard in support of fiscal responsibility and openness in government and we must continue to ensure that the Fed remains a non political entity. H.R. 1207, Federal Reserve Transparency Act of 2009 would open up the Federal Reserve to an audit. This bill has been referred to the House Committee on Financial Services. I do not serve on that Committee but I will continue to track its progress as it moves forward. If it comes to the House floor for a vote I will be sure to keep your thoughts in mind. Thank you again for bringing your views to my attention and adding your voice to the ongoing debate. Please continue to write to me, and I encourage you to sign up for my e-newsletter by visiting my website at www.house.gov/boyd. Sincerely, F. Allen Boyd, Jr. Member of Congress


(I made a few parts bold)

Looks like my Congressman is against the audit. Go figure.

Good news is there are know 206 co-sponsors to this bill!

Snippet from a email I received from RonPaul.com today.


If your representative doesn't support Ron Paul's bill yet (list of co-sponsors), contact them as soon as possible and ask that they support the "Federal Reserve Transparency Act H.R. 1207.".


I have a email from Ron Paul's website that I could forward to anyone who would like to write there Congressman. It has a nice generic email and instructions for anyone that is new to it. Just send me a U2U and I will forward it to you.

[edit on 10-6-2009 by lucentenigma]
[first edit didn't work, added the bold and note]

[edit on 10-6-2009 by lucentenigma]


reply posted on 11-6-2009 @ 01:11 AM by Anomen
Sometimes the stupidity of some of the people on this board just irritate me beyond belief. Everyone is so quick to blame others for their financial hardships... but is it really the Federal Reserves fault that you cant save your money instead of buying that plasma screen TV, that gas guzzling hummer, or that subscription to "conspiracy theory weekly"...

People always preach about how the government or the Federal Reserve needs to take responsibility for their actions... but seriously I feel like that is such hypocrisy considering we're pointing fingers at people for making our lives harder because we were too lazy to go to college and get a degree for a job thats actually useful.

If anyone needs to take blame for our financial hardships, its ourselves... for not working those extra hours when they come to us, for not going out and applying everywhere possible when we don't have a job just so we can have some type of income... and for sitting at home watching American idol wishing we could live like stars instead of actually making an effort to become one.

America has turned into such an embarrassing place to live not because the government made us this way, its because the American way is and always will be the easiest way. If you can blame someone else for the problems you cause yourself... why not?

want proof? go to your local department store and watch how people shop. you'll see people throw merchandise all over because they don't want to put it back where they got it from and you'll see people throw a tantrum at even the slightest inconvenience of a long line or a declined outdated coupon. God i love being an American.


Or if you disagree with me, you could go on saying the federal reserve is behind everything... and maybe they'll close it down because you're not happy with them... and thousands more people in America will be without jobs.


reply posted on 11-6-2009 @ 02:19 AM by DeadFlagBlues
reply to post by lucentenigma



That bastard needs to be thrown out! All the enablers that don't even wince when they're lying to your face need to be replaced by people who understand that we as humans are not commodities. We are not here to be herded by big banks! By supporting the fed, you support oppression. Hopefully we're on the brink of something here.


reply posted on 11-6-2009 @ 02:45 AM by tgidkp
reply to post by Anomen



you couldnt possibly be more wrong.

it is well documented that the colonizers of the early USA had left the european continent for the explicit purpose of escaping the central banking system.

unfortunately, so few people truly understand how "money" works. have you ever wondered why it is not taught in primary school?

here is the corruption in a nutshell: (principal + interest) must be payed with (principal only). the money-eating monster. thus creating a situation of ever spiraling debt and foreclosure, with the only logical conclusion being that the central bank eventually owns everything.

your comment about personal responsibility is debatable and probably true. but you are way way waaaaay off the mark by defending our system of money.

edited to add that i also agree with your point that the american ideal is embarrassing and shameful and we definately got ourselves into this mess.

[edit on 11-6-2009 by tgidkp]
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