Geitner: Auditing the Fed is a “line that we don’t want to cross”

[IanMacQuaide]

achilles wrote "Do not the People of the United States control its Charter via Congressional-proxy? "

No. And money controls Congress, not us.

 

[Lethn]

Banks were originally created to look after peoples money and bank notes were originally used as receipts where the bank stated how much THEY owed YOU.

Do the damn research and have the sense to look at your notes carefully, the taxpayers have every right to know what is going on with their cash because the banks are using it unfairly to increase their own gains and they are also hurting it's real value. In short they are actually betraying the legal obligation they have to their customers which means they can ALL be held accountable.

The idea that you can print money out of thin air is a load of bollocks but that's what the federal reserve as well as other banks are doing, technically we had the right to arrest them decades ago for this and we still do now by their own laws too.

 

[ammo]

the fed is an independent agency hired by the us govt, much like an outside auditor for say Firestone. The fed is obligated to show Congress anything they ask for

 

[Random.Capital]

Quote from Lethn:

The idea that you can print money out of thin air is a load of bollocks...

Yet that's exactly what happens when someone buys a futures contract.

 

[IanMacQuaide]

Lethn wrote "The idea that you can print money out of thin air is a load of bollocks but that's what the federal reserve as well as other banks are doing, technically we had the right to arrest them decades ago for this and we still do now by their own laws too."

Just try getting a USAttny and a DOJ official to do it.

 

[Trendytrader]

Its called legalized counterfeiting....we would go to jail for stimulating the economy with counterfeit money!

 

[dtan1e]

Quote from krazykarl:

... Every market moves up and down ...

i rem myself making a similar statement when i haven't a clue wtf is going on over some decades ago, when i was a fresh grad and somebody asked me so hows the market today, that's the difference between experience and someone green

 

[Sodajerk]

Quote from achilles28:

Two, the American People via Congress have every Right to audit the FED because the FED is a creature of Congress, or the People. Congress can amend or nullify its Charter, as we see fit, when we see fit.

Absolutely. The entity, in this case We the People though our hired fiduciaries in Congress, that issues a charter has the power to revoke it also.

Quote from ammo:

the fed is an independent agency hired by the us govt, much like an outside auditor for say Firestone. The fed is obligated to show Congress anything they ask for

Right.

 

[xdiesel123x]

Dont ask questions you dont want to know the answers to.

Okay as per the rest of the video:

1) goldman sachs- what a joke-Id like to say some things about that

2) his taxes- even a bigger joke...he shouldnt be managing our treasury

3) paying down the deficit---taxes through the roof is what keeps ringing in my ear.

 

[ByLoSellHi]

I'd like to think Geithner's balls aren't so big that his definition of "we" doesn't include me.