Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (139617)	10/31/2013 10:27:46 PM
From: RetiredNow	1 Recommendation Recommended By R2O Read Replies (2) \| Respond to of 149317

Congress is the only branch of government that was empowered to create money and determine its value. They delegated that to the Fed, which could be argued was their Constitutional right. So when Congress wants to audit the Fed to see how the Fed is printing money and who that money goes to and who benefitted from all the repos, reverse repos, liquidity injections, and bailouts from the Fed to overseas banks and other onshore criminal banks, then Congress has the Constitutional right to do so. The Fed has no right to deny a request by any member of Congress to get access to ANYTHING the Fed does. The fact that the Fed refuses to open its books and come clean means they have something to hide. The fact that Congress must resort to a new law to force an audit on the Fed means the Fed has become unaccountable to Congress, the Constitution, and the people of the United States. The fact that the Democrats are refusing to allow a vote on the issue and have indicated they would vote against it if it did come to a vote is evidence that the Dems are complicit in Fed activities and that the Dems also have something to hide. What are you all afraid of? I'm pretty certain that what we'll find is unabashed largesse showered on the banksters and we'd probably find all manner of illegal money transfers to overseas entities with American tax payer money. What we'd find would be enough to put all those bastards in jail and more than likely create momentum to end the Fed, if the American people really knew what the Fed has been up to. That's what the Dems and the Fed are trying to hide. It's despicable that the Dems would shit on our Constitution this way, to the detriment of American taxpayers.