Originally posted by RealSpoke
This video is olddddddddd. But I guess the more people that see it the better.
Why did ATS forget that the fed was audited back in 2009?
I don't think ATS 'forgot" that the Fed was audited back in '09; it's just that it was only a surface audit, at best, and a very incomplete one
From their own website: Does the Federal Reserve ever get audited?
. It "looks" like
something is being done, but it's all superficial. No one is still allowed to know who owns it, where the gold is, etc.
Auditing the FED's Gold
- I don't know a lot about this guy, but the page seems to offer a
little more explanation.
A 2009 article in the Wall Street Journal: What Would a
Federal Reserve Audit Show?
- it describes what the Audit the Fed program was hoping to accomplish then.
I found it informative, especially this paragraph: (ex-text won't work for me; ex-text in bold for clarification; capitalized words done by me for
(Government Accountability Office) CAN'T review most of the Fed’s monetary policy actions or decisions, including discount
window lending (direct loans to financial institutions), open-market operations and any other transactions made under the direction of the Federal
Open Market Committee. It also CAN'T look into the Fed’s transactions with foreign governments, foreign central banks and other international
financing organizations. (The GAO in 1993 produced this report on its limitations. The Federal Banking Agency Audit Act of 1978 put other parts of the
central bank’s operations under GAO purview, as they had been for a decade until 1933.)
Telling the public that the Fed was audited in 2009 is greatly misleading. It was somewhat 'audited,' but on the surface only and by a governmental
agency - the cat in charge of the canary or vise versa.
I'm sure you and most others participating in this thread know this part, but for those who do not: The Federal Reserve Bank is a private banking
attached to our government, using power originally given only to Congress by the People, and which Congress then gave to the private
bank, The Federal Reserve Bank (a name which IMPLIES it's part of our Government, but it is not), WITHOUT the consent of the People in 1913 and which
has operated in secrecy for 99 years. So, it's an entity existing by the power and approval of the government, but NOT THE PEOPLE, with no oversight
except the Government Accountability Office. It's like giving the most disreputable, thieving member of your family the charge of the family money
and then trusting that Mr/Ms Disreputable Thief is telling you the truth about the use of the money because their husband/wife says so, but you never
get to look at the bank statements.