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Posts Tagged ‘Audit the Fed’

Whew, finally summer has arrived and we survived the horrendous winter weather.  Folks in NJ got a big surprise last week with a huge hailstorm wrecking  havoc http://www.northjersey.com/multimedia/video/48114892.html -again illustrating the disproportion between science and reality. BTW- The House passed the American Clean Energy and Security Act, by a vote of 219-212.

The kids are off school and we are sleeping in a bit and planning for a few summer holidays.  We are  not leaving U.S. Soil- the greatest place on earth, even with all its faults.  Hawaii is out with North Korea threatening a missile attack near Independence Day.  California?  Nah, besides sitting on a major earthquake fault line, is too liberal for me.  MTV has been broadcasting all about Cancun, but we’ve been there and done that and I see no reason to support a government that can not manage to report influenza cases in a timely manner. ” Bahamas, Bermuda, Come on Pretty Mama”…The Beach Boys.  Suggestions welcomed on where to go.

Our holiday is still up for discussion as the economy just sucks and I have been tortured into hearing more about alleged pedophile Michael Jackson than necessary. 

Flipping to the net, I see Ben Bernanke the Fed Chair is feeling a bit challenged over Ron Paul’s Transparency Act that would allow an audit of the Fed.  Oh boo hoo, where did our nine trillion dollars go, why doesn’t anyone know and most importantly, what is there to hide?

Wherever and whenever we go, if we go at all-  like many Americans we go to the bank and take out what I call ‘play money’.  You know, money to play with- to buy the things we don’t really need but really want- like a Summer Vacation- preferably at the unpolluted, jelly fish free beaches.  

What if the banks go on holiday?  I am cognizant of the FDR bank holiday. 1000’s of banks never reopened in a face saving measure.  How many of our banks have no value, burdened by debt and bad mortgages?  How many banks are now owned by the U.S. Government?  How would I get to my safe deposit box if the bank was out of business?  Would it’s meager contents have any value anyways?

The hissy fit regulators are having near seizures over opening their books to public scrutiny, and once again I have to adjust antennae to tune in to exactly what the hell is going on and if bank closures could happen.

A bank holiday would certainly push the dollar’s value lower adding more rational to BRICs plan of adopting other IMF baskets of currencies.  Gold, already at a high premium would most likely increase, especially with the U.S. Mint announcing that there is a shortage of gold to produce certain coins.  The mint will continue to issue Presidential Coins and, “In God We Trust” will appear on the face of the coin starting in 2009. http://www.usmint.gov/mint%5Fprograms/%241coin/ Surely all that glitters is not gold.  I Trust in God, but the Fed, Obama, The World Bank or International Monetary Fund?

A Bank Holiday might just suit the needs of the U.S. economy according to some.  The rumor mill is that U.S Embassies are buying local currency. The Harry Schultz Letter (HSL) seems to reiterate that a Bank Holiday could occur http://www.marketwatch.com/story/schultz-paints-bleak-picture-of-future?siteid=rss&rss=1   With a grain of salt I quote its current issue, HSL reports rumors that “Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that ‘something’ is about to happen … within 180 days, but could be 120-150 days.”

One commentator at  put it like this:  If true, the reason is this. Our Embassies all over the world employ millions of local nationals. Day to day operating costs are staggering, from food purchasing to fuel purchasing to utilities to meeting the local payroll. Local currency pays for all those expenses. When the USD crashes, local currencies may not be able to be purchased with USD’s. Even in a slow-mo devaluation, trying to buy enough local currency for day to day operation will be very very expensive. Should the USD become severely devalued or worthless, our Embassies will not be able to operate….http://goldismoney.info/forums/showthread.php?t=379225 Believe you me we have ambassadors everywhere http://www.usembassy.gov/.

President Obama is attempting to federalize the police and Department of Defense across the US with his civilian workforce.  If the shit hits the fan, banks go on holiday by September,civil unrest and Martial Law occurs between the money and the flu, the government will be all ready to take care of us. cough, cough.

I better get a move on somewhere and spend it while my money is still good. Yet, ” Consumer spending rose in May as benefits from the Obama administration’s stimulus plan spurred a jump in American incomes, a sign that efforts to revive the economy are starting to pay off….Stocks and the dollar dropped after China’s central bank again called for a new global currency.  http://www.bloomberg.com/apps/news?pid=20601087&sid=a6xBheN2SW.o  Leave it to Bloomberg to give the credit to Obama and not the hard working folks of America who just want a little vacation.

You may enjoy this related post: https://ahrcanum.wordpress.com/2009/06/26/audit-the-federal-reserve-trillions-missing-america-bankrupt/

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Auditing The Federal Reserve is long overdue.  http://www.federalreserve.gov/oig/oig_bio.htm Elizabeth Coleman as the inspector general of the Federal Reserve of the United States and is supposed to be responsible for preventing and detecting waste, fraud, and abuse, but in a videotaped Congressional testimony, she acknowledged that she can’t account for many trillions of dollars of our taxpayers money. TRILLIONS.   Specifically she says she knows nothing about nine trillion dollars ($9,000,000,000,000) that is claimed to be unaccounted for. 

Congressman Alan Grayson of Florida on May 6th asks about the huge piles of money that the Federal Reserve is responsible for,  saying “I have to tell you honestly, I am shocked to find out that nobody at the Federal Reserve, including the Inspector General, is keeping track of [the unaccounted for trillions].” sourced at http://www.examiner.com/x-6495-US-Intelligence-Examiner~y2009m5d22-Federal-Reserve-Inspector-General-hedges-on-trillions-missing-in-Congressional-hearing

In an effort to find trillions of dollars we turn to The Federal Reserve Transparency Act, “To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h111-1207 .  By my account it must have taken several years to misplace so much money, so any deceit has been going on for years. 

While the the Reserve is owned by its member banks and not by the government, it issues currency and charges interest.  These banks certainly would never want an audit, but the American people do and so does Congressman Ron Paul with over 200 of your elected officials as co-sponsors of the bill.   www.ronpaul.com continues to crash my system so enter at your own risk. 

Is there any money or gold at Fort Knox either? My bet is that there is nothing but gold dust laying in the vaults.  As Proof from The U.S. Mint on June 22, 2009- http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?catalogId=10001&storeId=10001&categoryId=13238&langId=-1&parent_category_rn=10191&top_category=10191:

Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins . Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .”

The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced.

America is out of gold and money and we are headed up a shit creek.  So what about silver and other metals to make bullets and guns?  Can’t seem to buy that easily either, “It’s no secret, of course, that small-denomination bullion is hard to come by and gun sales are way up, but finding out first-hand that this stuff is unavailable brings home the reality of the situation, which is that the social mood is growing darker. On the surface everything looks normal; no one is protesting in the streets, the trash is getting picked up, and elections are as orderly as ever. But the market is quietly reallocating resources as individuals insure against a systemic breakdown” http://news.goldseek.com/DollarCollapse/1245697526.php

Speaker-Rep. James Traficant, Jr. (Ohio)http://en.wikipedia.org/wiki/James_Traficant warned numerous times of looming catastrophe before being sentenced to prison for being convicted of taking bribes, filing false tax returns, racketeering, and requiring office workers to perform chores at his farm in Ohio and on his houseboat in Washington, D.C..  He is currently serving an eight-year prison term with a projected release date of September 2, 2009http://www.bop.gov/iloc2/InmateFinderServlet?Transaction=NameSearch&needingMoreList=false&LastName=traficant&Middle=&FirstName=james&Race=U&Sex=U&Age=&x=0&y=0  Traficant turned down an offer of early release to a halfway house in Youngstown, Ohio because the prison official there testified against him.  Either way government officials must be so happy to have him tucked away having said: 

“It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 – Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.” http://www.apfn.net/DOC-100_bankruptcy.htm

We need to bring accountability to the Federal Reserve now before Obama and anyone else in government spends one more dime.  Have these people been tripping over quarters to pick up pennies for so long to be so ignorant and incompetent or it it just the little old taxpayer who continues to deny we are in a financial meltdown? 

Amazingly, gold was recovered from the rubble of The World Trade Center but  http://factsnotfairies.blogspot.com/2009/06/they-hate-us-for-our-gold.html notes the convenience of it all and explores the theory that something was amiss.

“We are on the verge of a global transformation.  All we [ the CFR ] need is the right major crisis and the nation[s] will accept the New World Order.”  End Quote.  David Rockefeller: Founder and Honorary Chairman, Council of the Americas; Chairman, Americas Society; Founder, Forum of the Americas; Chairman, Emeritus, Council on Foreign Relations [CFR]; Founder and Honorary Chairman, Trilateral Commission [TC]; Chairman, The Bilderbergs.

Loose lipped Joe Biden warned of looming crisis. Between the Public Health Emergency over the Pandemic A/H1N1 Swine Flu, North Korea taking aim at Hawaii, discourse throughout the world, the events of 9-11 and the Federal Reserve misplacing NINE TRILLION dollars, the crisis are indeed adding up.  America sits in the eye of the perfect storm for the change you don’t want to believe in.

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