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To: sandintoes who wrote (8086)	6/28/2001 6:14:22 PM
From: Crystal ball	Read Replies (2) \| Respond to of 17683

WHY WE NEED A GAO AUDIT OF THE FEDERAL RESERVE: Where is the Money? The reason that the Federal REserve adopted its insane tightening monetary policy in 1999 and 2000 was because their books may actually be "cooked" as a result of bail outs to the IMF and WORLD BANK for loans to Russia, but more importantly to corrupt Asian banks during what has been called the "ASIAN CONTAGION" of 1998/1999. That is also why Greenspan has been slow to lower rates despite the 2nd Greenspan induced recession, because the FED needs to "Raise" capital to replace the loss capital loaned to failed IMF and WORLD BANK bail outs, of course SUPPLY/DEMAND/PRICE applies here, the higher the price of moeny the less takers, the longer therefore is needd to recaputure this loss Federal Reserve cash inventory, and that is why we are still n this malaise. The ones who have worried and are still the most worried are the Saudiis, after all, with all those Treasury Notes, its really THEIR money that the Fed lost. Nothing good will ever be achieved by a Greenspan dominated Federal Reserve, and I think the evidence now is quite clear that he should tender his resignation or be impeaced. At the minimum an GAO audit of the Federal Reserve should be undertaken with Congressional Hearings, and if irregularities are found, they srong and long prison terms should be imposed at the top, middle and bottom of the Federal Reserve System. Thereafter, the Federal Reserve system should come under the US Treasury Secretary, and held politically and legally accountable accordingly. I am, Truly your$, -Crystal Ball