Toddsterpatriot
Diamond Member
The Federal Reserve banks have not all been audited simultaneously which allows them to shift assets around between audits to appear to remain solvent.They get a vague audit by the congress which doesn’t divulge the details of their OMO. I want to know exactly from who, what, and when they’re buying assets. They say that it’s not open because it would hamper their ability to do their job but that’s unacceptable in this country. Only congress has the power to coin money and regulate the value. They already unconstitutionally gave that power away as it is, at the very least they should have the power to scrutinize their OMO.
The Federal Reserve banks have not all been audited simultaneously which allows them to shift assets around between audits to appear to remain solvent.
What are you talking about? How can a central bank, which can create money for free, ever be insolvent?
Definition of INSOLVENT