What Would Be Involved in an Audit of the Federal Reserve? – Part Three

08-23-2009 • American Banking News

You see, the Federal Reserve can simply allow the auditing of what everyone has access to already, and claim they are audited consistently, and so checks and balances are in place. They’ve even released a 52-page report this year on how many times they’ve been audited in the year, and their supporters cite this as proof that everything is ok, and the lack of auditing is a myth created by Federal Reserve detractors. The truth is that the Federal Reserve loves these faux audits for the very reason they can cite them in making their case they’re being audited, without looking like they’re not being honest and secret about it. I say faux audits, again, because they audit what everyone already knows, while not having access to the data that really matters to the American people. What I’m saying is the alleged transparency is being picked and chosen by the Fed itself, and it legally has no need to reveal the really important data; and it doesn’t. So in the name of being audited and tr

1 Comments in Response to What Would Be Involved in an Audit of the Federal Reserve? – Part Three

Comment by Keith Hocker

Entered on: 8/23/2009 7:43:46 PM

Good work, Lori! I suspect a complete audit of the Fed is impossible. Think about it: If you, me and our cartel friends printed/ computer issued money to our preferred friends, tax-exempt foundations (ACORN? or educational institutions) or political parties or individual candidates... would we track all that? No, we'd just shove those new crisp dollar bills toward our 'friends' and 'encourage' them to support our agenda. Our 'friends' wouldn't want an audit either!

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