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Congress to audit the FED
- Thread starter jjj1000
- Start date
Quick, someone bring up chemtrails...
Quote from Martinghoul:
Ha-ha, this really cracks me up...
You guys are priceless, but then I've said it so many times already. It's getting tiresome.
What's funny about it?
Why should a Country pay interest on money printed from nothing, when it can just print the money itself, interest free?
Quote from Martinghoul:
Ha-ha, this really cracks me up...
You guys are priceless, but then I've said it so many times already. It's getting tiresome.
If you go to the fed website... it says the FED is run by the Regional FED banks. And the regional fed banks are owned by the shareholders who are banks.
so that part is not foolish. So according to the fAQ on the fed website the federal reserve system is owned by bankers.
So what about the lending in exchange for interest concept is not accurate.
Quote from clacy:
Do you really want a socialist controlled congress meddling in the FED's business?
The audit bill doesn't give Congress any power to usurp FED policy.
It just opens the books and forces complete disclosure. It's the taxpayers money, afterall. Not Bankers.
By the way, the FED enables the deficit-orgy by artificially suppressing borrowing costs (interest rates) and outright monetization of part of the debt. And lets not forget the Nasdaq, Banking/Housing, and soon-to-be debt bubble. That did the world a lot of good, eh? Case you hadn't noticed, the FED really f*ck'ed this economy good. Maybe we ought to do something about it?
Quote from clacy:
Do you really want a socialist controlled congress meddling in the FED's business?
that is a tough answer.
If Fed had caused banks tighten lending standards during the bubble instead of loosen them-- I would have trusted them to do a better job than congress.
Right now... I do not think either of them are up to task.
I guess I would like to own the fed.
If you tell me how the Country pays interest on the money printed by the Fed, in specific detail, I'll be very happy to answer your queries...Quote from achilles28:
What's funny about it?
Why should a Country pay interest on money printed from nothing, when it can just print the money itself, interest free?