Fed Would Be Shut Down If It Were Audited

[dc dalton]

Amazing that MSM has started to pick up on the rumblings about the FED all of a sudden, could it be some people are starting to wake up?

The Federal Reserve's balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant's Interest Rate Observer, told CNBC.



With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny normally afforded other institutions, Grant said in a live interview.

http://www.cnbc.com/id/31204170

Probably not, but I guess we can hope.

[cigarmanpa]

would be interesting to see what happens.

[camper]

Amazing that MSM has started to pick up on the rumblings about the FED all of a sudden, could it be some people are starting to wake up?

http://www.cnbc.com/id/31204170

Probably not, but I guess we can hope.

You might be able to ignore the elephant in the room indefinitely, but eventually all that crap it produces is going to screw with your appetite.

camper

[Berks_Iraq_Vet]

The entire government should be shut down and audited.

[Stooperzero]

The entire government should be shut down and audited.

I'd prefer "Terminated" Over Audited.

[sttaffy]

I'm with you, lets scrap the whole thing and start over. Maybe add some constitutional amendments clarifying, solidifying and expanding personal freedom and state's rights, limits on the size of government, and maybe, just maybe have it written into law somewhere that a representative must read and understand the entire piece of legislation he's voting on.

I hate being held under laws that I cannot understand, like the income tax code. How is a natural human rightly held to account under rules so convoluted and abstract that a regular person can't understand them?

Insurance reform would be nice too.

And real money controlled by the congress would be good.

[twoguns]

"THE FED WOULD BE SHUT DOWN IF IT WERE AUDITED...."

I recommend every American take time to read the monumental work by
G. Edward Griffin titled"
THE CREATURE FROM JEKYLL ISLAND

It is a fascinating study of the roots of the Federal Reserve.

You will find that there are no "reserves" nor is it "Federal". It is an international banking cartel that holds our economy, indeed our very nation in a death grip.

We don't need any amendments to the constitution. We need the people to awaken from their slumber, a willful ignorance of the truth.

Refer to the Constitution and read Article I, Section 8 @ clause 5.
The Federal Reserve is a direct violation of that mandate and should be immediately repealed.

It is also interesting to note that long ago, 1934 to be precise, there was a Congressman from this very state, Louis T. McFadden, who railed against the banking interests in the Federal Reserve. He served as Chairman of the Banking and Currency Committee for over a decade. He had several attempts made on his life due to his ardent position against this "den of vipers".

The Fed is a powerful and corrupt organization that does not "produce a loaf of bread, a yard of cloth, a bushel of corn, or a pile of cord wood by its check-kiting operations in the money market."

[twoguns]

I would also say that there would be no such thing as an INTERNAL REVENUE SERVICE if the Federal Reserve were repealed.

short of that, any honest court should see that the entire I.R.S. code should be scrapped as being void for vagueness. As a matter of law, if the people, and I include among them, those who prepare taxes and accountants and tax lawyers, cannot understand the code how can the government expect it to be obeyed?

WAKE UP AMERICA OR LOSE EVERYTHING YOU HOLD DEAR!!!

[cgbudde]

Shut down, no, If they were audited they would all be under indictment.