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Auditing the Federal Reserve is More Urgent Than Ever

shemmes Wrote: Jul 24, 2012 2:26 PM
Let me finish this: Ralph Varbebdian; "Thefts Reveal Flawed Pentagon Contract System," Los Angeles Times, Sept. 28, 1998, p.1. Who stands to gain from all this shell game of billions of dollars, who was President of the U.S. then, and see how simple it is: electronic transfer, secretly. Suprise, Suprise, Suprise.

No government institution is more secretive than the Federal Reserve. Believe it or not, the Central Intelligence Agency (CIA) is more transparent than the central bank of the United States. This is a huge cause for concern as the Fed dramatically affects the lives of every single American.

The Fed has never been fully audited in its nearly 100-year history. The American people only got a small glimpse of what happens behind closed doors last July. A watered-down audit conducted by the Government Accountability Office (GAO) revealed $16 trillion in Fed bailouts to banks and corporations around the world at...