A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."

Originally posted by Gutterpus
reply to post by Amaterasu

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Boy I’m all for removing the need for money and thereby settling debts the old fashioned way – the barter system. I don’t see that happening in my lifetime though. As far as your links, I’ll have to spend some time on those and try to get a handle on what they’re all about.

And spreading ideas such as this is surely the way to go. If enough people are consciously thinking/praying/meditating/hoping for another way, the tipping point will hopefully give in to those desires/wishes.

Originally posted by Gutterpus
Bernie Sanders along with Ron Paul have done something we've all been waiting for - an audit of the fed. I searched for this and didn't find it, so hopefully I'm not duplicating something.

It appears the Fed has given away trillions of dollars to foreign banks and corporations. So, what’s new? Except now, the cat is getting out of the bag.

This should cause some uncomfortable stirring among the elite. But of course we probably won't hear about it anywhere except for sites like ATS.

I haven’t read the whole 266 page report, and I really don’t have the brains to understand all of its implications, but I can’t imagine this is good news for Wallstreet.

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

sanders.senate.gov... 753-62060dcbb3c3

edit on 21-7-2011 by Gutterpus because: (no reason given)

edit on 21-7-2011 by Gutterpus because: (no reason given)

For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 and 2010 his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself.

A handful of Fed-loving U.S. senators led by Chris Dodd rewrote the Senate version of the Financial Reform Bill to strip out Ron Paul’s Audit the Fed amendment and actually expand the Fed’s power over banks, lending and money. As Alan Grayson pointed out here, and Ron Paul commented on here, the Dodd bill completely eliminated legislation to audit the Federal Reserve, which already passed in the House.

Sen. Bernie Sanders (I-Vt.) introduced an amendment on the floor effectively adding the Grayson-Paul language to the Senate bill, but later changed his amendment under pressure by the Federal Reserve and the Obama administration. The altered Sanders amendment passed the Senate on May 11, 2010 by a unanimous 96-0 vote.

On May 6, 2010 Bernie Sanders sold out to the bankers by modifying his amendment to the extent that it would allow the Fed to keep many of its activities secret. On May 11, 2010 the Sanders amendment passed the Senate by a unanimous 96-0 vote.

This year, Audit the Fed is back with a vengeance. Reintroduced on 01/26/2011 as HR 459, Ron Paul’s bill to audit the Federal Reserve now has 162 co-sponsors, and the numbers keep growing! HR 459′s companion bill in the Senate, S 202, has already attracted 6 co-sponsors.

Originally posted by Skada
reply to post by Gutterpus

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No Problem. took a bit to verify the link. I hope that "The Fed" is punished for this outrage. Something has got to change, but the plans that "they" have in store are not what the common man wants.

reply to post by Amaterasu

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I read The Abundance Paradigm: media.abovetopsecret.com...

I liked it, it seemed more like it had lots of sex, which in my mind might distract from the message, but I agree that it has merit and I beleive we have the tech to live in that version now, but the Lizard Hearted just won't let us do it. We will get there, but it may not be within our lifetimes. Sad but a possibility. There are a lot more human hearted though, and we are getting fed up.

There will be a tipping point.