Gold Member
- Apr 26, 2011
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FED needs to GO.
i have been on board with Ron paul on AUDIT. Long past DUE.
When the audit happens, you be sure and get back to us when you find all that money the Fed printed and gave to the banks for everyone to buy houses and run up their credit cards, okay?
The Federal Reserve was audited. The Dodd-Frank Act had a little known provision that allowed the Government Accountability Office to conduct a one time audit.
I suggest you read it, because what you are doing now is what you accused the OP of doing--making misleading statements and oversimplifying the issue.
Why did the Federal Reserve lend trillions to foreign central banks in 2009? What was that money used for? Normally, this type of transaction would be illegal, but the Fed has invoked emergency powers since 2008 which they are still operating under.
http://www.gao.gov/new.items/d11696.pdf