Ron Paul Leads Hearing On First Ever Audit Of Fed

Lol, you truly are a troll.

If you put money into the bank in 2000, the value of that bank account is now 50% lower. What do you call that? Generosity? It's taxation without representation. This is why you see so many great people citing the ridiculous corrupt power of the FR.

Income does not directly correlate to wealth, the rich of the rich recieve almost no income. A 100% sales tax obviously would increase taxes, just because your income increased in step with inflation, means absolutely nothing.

The FR simply writes off it's "losses" to it's benefactors, what amount the treasury recieves is irrelevant. Any corruption would be obscured by the enormity of the amount the treasury recieves, that's the genius of it. Nobody has any way of knowing whether or not the FR is funding anyone. The amount of funds the FR is transferring obscures any realistic possibility of ever knowing.

 

LOL, you're truly a gullible tool.

Not even close to 50% lower. But I've also earned some interest, and my income is higher. But that's why I don't have my long term investments sitting in a bank account. Or in cash in a safe.

It means that you are in the same position as if there was no inflation and your income didn't increase.

Please explain, with citation to credible data and sources.

Why wouldn't the national accounting firm public auditors, the GAO, the OIG, or internal auditors that audit the Fed every year find it?

 

I do not subscribe to the notion that an office of public trust under the United States should be exempted from public scrutiny.

What objection can there to central bank transactions being available in the public domain; in a manner similar to an exchange on the stock market.

 

Who does? But where could we find a detailed audit of the CIA or DOD?

The only objection I can see is that if one of the goals of the central bank is to avoid or mitigate panic runs on banks, then making transparent banks that tap into the central bank's lending facilities would defeat that objective.

 

LOL. I can't go farther back than 20 pages on my profile, and all the FED threads we argued on were older than that. The only one was where you were pretty much debating Dr. Righteous the whole time over whether or not the FED qualifies as a cartel. Take it as you want. I apologize for claiming you said "the FED doesn't make money, the treasury does".

 

Why would we need to audit those public endeavors

if they are appropriated those funds by our own federal Congress, ostensibly, with its delegated authority for such purposes.

Shouldn't an audit be a periodic requirement, simply for the sake of better business practices?

 

"I do not subscribe to the notion that an office of public trust under the United States should be exempted from public scrutiny."

Sure.

 

The cost of Gold, silver, and oil, all real inflationary tools, was half in 2000 than what it is today. That is called "inflation."

50% of americans don't make any income. Aren't you liberals against class disparity?

I don't know how anyone could be so stupid as to not understand that income is the only measure of taxation. We have sales tax, estate tax, state tax, capital gains tax, corporate tax, and an inflation tax. If I put cash into a (*)(*)(*)(*)ing account and it is worth less later, because the government took it's value away. That is a (*)(*)(*)(*)ing tax.

www.google.com

Because on the scale of trillions of dollars they are stimulating into the economy (Like I said, expecting you weren't thick) a couple hundred thousand missing here or there is impossible to find. Or a couple billion spread out amount many different transactions or capital losses.

You have to have the creativity of a lemming to not understand the insurmountably millions of various ways one could corrupt such a massive system without any detection whatsoever. And since it's possible, it's happening or going to happen.

 

You didn't claim I said that, thought I've never said that either. You claimed :

I've never said either. But apology accepted.

 

This is why so many great people were so cynical about the FR or the idea of one.

The average voter is too stupid to understand the significance of it.

 

You're right about the Wilson quote. It is cobbled together. That's what I get for just listing quotes without looking for sources for each one. Sloppy on my part.

I would still hold to my basic premise that central banks have controlled our government through much of its history, whether it is the Fed or those those that came before it. That is the reason for posting quotes made prior to the Fed's inception.

I'll not change my opinion on this unless you can show that all these men were mis-quoted or did not say these things at all. You may even find another that is not well sourced, but that would be due to my lack of sourcing and would not dis-credit the total weight of the thoughts of these men, which cannot be dismissed. There is much corroborating evidence, particularly with Andrew Jackson and Abe Lincoln and their actions regarding banks.

 

So, why can't we use an audit they should already have on file?

 

No, that's called appreciation of the price of particular commodities.

Who says 50% of Americans don't make any income?

Who was that stupid to not understand that?

Inflation isn't a tax. The income tax, sales tax, estate tax, state tax, capital gains tax, and corporate tax are all things where money is paid to the federal government.

Inflation isn't a tax. It's a general increase in prices. Nothing goes to the Govt.

The Govt didn't take a dime of that money.

That's your explanation? Maybe others are impressed.

You figure the auditors don't have calculators?

You have the gullibility of a poodle to believe and the internet based drivel you regularly slobber.

 

In my opinion, I would have more confidence in the sincerity of Dr. Paul, if he were also advocating for auditing our Drug and Terror wars.

 

What audit on file?

 

I would feel better if ANY of the 100s of "elected representatives" were arguing for that on top of the FED. I wont hold it against Paul that he is only taking on the toughest entity in the history of our nation while the 100s of others just go with the flow. LOL

 

Because so many are so gullibly mislead by huckster videos they see on the internet and believe ridiculous things like the Fed has never been audited, is a private for profit company that pays out 30-40% of its income to the 5 or 6 member banks that "own" it, and all the rest of the nonsense we regularly see in threads like this one.

 

OMG. I got the 6% fixed return and the number of banks who are the original houses vested from YOU. YOU supplied it. Trying to prove a point that back fired. LMAO

 

what objection is there to saving the People some money and simply requesting copies of their internal audits? i would understand the insistence on audit more, if the Fed was a cost center like our wars on drugs and terror, instead of a profit center like Hoover Dam.

 

andrew jackson was a good general, but he was lacking as president and held the country back

lincoln didn't like being gouged by banks, so what?

 

OMG. You're fabricating once again. 4th time this thread. You never got " the number of banks who are the original houses vested" from ME.

So where did you get the rest of your claim from?

 

When people made 1.25 an hour, burgers cost a dime. When people make 10 dollars an hour, burgers cost 6. I know no greater detriment to the value of American labor than that of the FED. Rich people make their money through investment. Not time. Labor can only make income through their time. They can work 2 jobs, maybe 3, and that is the extent of their resources. Devaluing currency is no big deal to those who can keep diversifying to make up for the devaluation. Hence, why the wealth of the top has grown 300% in the last 3 decades, the wealth of the middle class 20%, the wealth of the working poor 0%. Yes, the war on terror and drugs are a scam. They pale in comparison to that of fiat currency as to how many lives are effected.

 

OK....I got you now. Dismiss what you can, discount what you can't. Nothing new with that tactic.

 

So by all means post the actual federal reserve act again. You know you have immediate access to it. LOL. They get 6% each. They don't all share 6%. Post the banks.

 

They each get 6% return on their capital subscription. They don't each get 6% of the Fed's "profit".