View Full Version : Audit the FED

03-08-2018, 09:18 AM

That is a Big Swamp to drain

03-08-2018, 10:01 AM
The Fed is the mother of all swamps.
It is the "Green Power Lantern" of the Shadow Government.

Kill it, it will be like killing the Queen bee.

03-08-2018, 10:13 AM
Never gonna happen

03-08-2018, 11:54 AM
Never gonna happen

I have some sources that I can't mention that tell me it's already happening.

If you recall, Trump during his campaign often voiced his displeasure for the Fed. Don't count Trump out -- even taking on the Fed. Trump is very big on restoring America's economic greatness, and he sees the Fed as a big obstacle to that goal. Moreover, other presidents have successfully brought the Fed under their thumb.

First thing, noted Kocherlakota, is that pressure from the executive branch on the Fed has traditionally ended poorly. One instance was right after World War II, when the Fed left interest rates unnaturally low so the government could borrow, sending inflation to 10%.

The second instance occurred under Lyndon Johnson and Richard Nixon (who, as Kocherlakota referenced, was caught on tape pressuring Fed Chair Arthur Burns to leave rates low) which led to low rates and the high inflation of the 1970s.


03-08-2018, 12:09 PM
I have some sources that I can't mention that tell me it's already happening.


03-08-2018, 12:20 PM
Iíve read that a Fed audit was stopped by a court that ruled there is no group with jurisdiction to audit. The court supposedly ruled there is no mechanism for change if an audit found problems. So there is no reason to audit.

This was years back. I donít think anything has changed, so the Fed remains itís own monster with no one to answer when it comes to oversight.

Itís an infallible monster apparently

03-08-2018, 12:22 PM

And if they were, they'd still be more credible than any liberal's anonymous sources. :coffee: