DSGE
VIP Member
- Dec 24, 2011
- 1,062
- 30
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Time to toss the tin foil hats and get back to facts. Back in 1913 Congress designated the Federal Reserve as the private banks lender of last resort. The Fed's constantly audited and their statements are posted here.Was it congressional authorized? No. The Fed works in secret and must. Which is why no audits allowed. If you're this lost on the scheme. READ some history. They work on their own in their interest. We're just the pawns that own the slavery.
I'm fully aware of the FR internal audit disclosures. Sorry, lender of last resort to foreign banks is not in the reserve act.
FRB: Federal Reserve Act. Section 14