Air

You,your children and your grandchildren. etc..

We are all the collateral.

Loans being took out in our names(and people wha have not been born yet) that we have no say in...The funds being handed to those they choose..I would call that socialism and Taxation Without Representation.

Nothing in the Constitution allows for any of this.But ya'll keep beating your chest over that 2nd Amendment.

Oh, the Constitution, they still got that old thing around?

I think we’re past the point of finger pointing at parties myself. Most of us watched 2008 and we knew we’d do it again, and that it would be bigger. Here we are. It was wrong then, and it only allowed the problem to increase in size. Now they’re ready to prop it up again, and push off their problem onto the taxpayer, again. A debt driven economy will devalue its currency out of existence.

I’m curious to see if this isn’t part of “the plan”. Trump talked about gold and a gold backed currency in his early years. Even appeared in an article some place, shortly before coming president, where he accepted at least partial payment on a big business deal in gold. China hints at a gold backed crypto-currency soon. Lots of theories out there. Several countries have increased their gold reserves in recent years, as have many larger banks. If it’s not worth anything, why do the rich keep so much around?

Actually the Fed owns gold certificates transferred to it by the Treasury in 1934 in exchange for gold owned at the time by the FED. The official value of that gold is set by statute at $42.2222 per oz. Congress could, if it chose, revalue that gold and the value of those gold certificates

$42 per ounce...What a joke..No manipulation here folks move along.

Congress isn't going to do anything because they answere to the Fed. The Fed tells them how it's going to be.

LOL !!

We should ask Congress to see if the Fed would give them permission for a full audit about now.

I think i know what the answere would be.

The Fed does undergo a full audit every year by Deloitte & Touche and semi-annually by the GAO. Each Regional Federal reserve bank posts it's balances and positions online every thursday for public perusal. It is in an interactive format so that individuals can access the details of every line and ask questions of the fed by email.

Maybe you better get an updated talking point from Ron or Rand.

Here's an example of what is available to anyone willing to make the effort.

This was released 9 days ago.



https://www.federalreserve.gov/releases/h41/Current/h41.pdf

I’m not worried about the Fed operating within the guidelines. What those guidelines are, and what they might become are of more concern. Capitalism must be allowed to return in order for Life, Liberty, and the Pursuit of Happiness to endure.

That is not a independent audit and they can put out what ever they want.

Your the only person i know of that defends this. Most all involved in financial's will admit there is no way to know what the Fed is actually doing.

You mean Forced charity, right.

That explains a lot right there.

I never said that the PDF was an audit. I said it is a statement of balances and positions for the previous week ending March 13, 2020.

The independent audits are done by....wait for it...independent auditors,
Here is a link to the one done in 2015 by KPMG.

Knock yourself out disputing it with them.



https://www.federalreserve.gov/publications/annual-report/2015-federal-reserve-system-audits.htm

The "independant auditors" are just puppets of the board.

Exactly but some seem to think whatever they or the Fed say is gospel.

How many ounces of gold do those certificate represent?

The Federal Reserve is a private entity that has complete control over our economy. Just as any private entity the main goal is to make money for the owner! The real question to ask is who owns the Federal Reserve (my guess is the Rothschild family and affiliates) and why did FDR sell our country to them? Most importantly, why do the American people tolerate this?

And why would you think that ?