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Title: No Need To Audit the Federal Reserve According to Herman Cain
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Published: Jul 6, 2011
Author: Tennessee Sons of Liberty
Post Date: 2011-07-06 09:52:15 by HAPPY2BME-4UM
Keywords: None
Views: 212
Comments: 11
Herman Cain, former Chairman and Member of the Board of Directors for the Federal Reserve Bank of Kansas City, flippantly denies the need to Audit the Federal Reserve while hosting the Neil Boortz Show on 12/29/2010...
http://www.tennesseesonsofliberty.com/2011/01/no-need-to-audit-federal-reserv...
Listen to the full 4 min clip:
http://www.4shared.com/audio/GbJQ_05i/HermanCain-NoNeedToAuditTheFed.html
Unbelievable, Herman Cain continues to defend and shill for the Federal Reserve in this video:
http://www.youtube.com/watch?v=caeNXivEGEg
Learn more about the Federal Reserve:
http://www.youtube.com/watch?v=iYZM58dulPE
http://www.youtube.com/watch?v=pGlmidTTIKg
http://www.youtube.com/watch?v=eb1n1X0Oqdw&feature=player_embedded
http://www.youtube.com/watch?v=k8hdgVA75hk&feature=player_embedded
http://www.youtube.com/watch?v=MnekzRuu8wo&feature=player_embedded
http://www.youtube.com/watch?v=1fGGeNP98q0
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#1. To: HAPPY2BME-4UM (#0)
Well. He has something in common with Obama.
"Mr. Prime Minister, there is only one important question facing us, and that is the question whether the white race will survive." -- Leonid Brezhnev to James Callahan
No Need To Vote For Herman Cain According to F.A. Hayek Fan.
I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. - Benjamin Franklin
He has something in common with Obama. He has more in common with Obama than just the color of his skin and a reluctance to audit the Fed. Both are pro-police state and pro-war.
I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. - Benjamin Franklin
Since Cain was the chairman of the Kansas City Federal Reserve Bank he knows something you don't know. The Federal Banking Agency Audit Act (1978), PL 95- 320, 31 USC § 714, has the GAO auditing the FED and other federal financial institutions. The FED used to be audited by Price Waterhouse and I think they switched a few years back to Deloitte as their auditor. www.federa http://lreserve.gov/mo...ypolicy/bst_oversight.htm
No Need To Vote For Herman Cain According to F.A. Hayek Fan. ============================================== LoL HAPPY2BME ANNOUNCES 2012 BID FOR WHITE HOUSE U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY
Sure, the FED is as open as Obama is about his past. We can't even audit the President of the USA's college records, much less the FED. If you believe the FED is audited by an outside source you are crazy. They won't even release what they are required to by law from the 2008 banking giveaway. No one holds them accountable, NO ONE!
God is always good!
Is there a reason NOT to audit them?
So they audit the balance sheets that the fed creates, as though the fed would voluntarily list everything they do. Is that really supposed to be meaningful? Wow. They actually testified before Congress. I feel better already. So, it seems some things are subject to audit, but not all. One thing that isn't subject to review is international transactions, which is kind a like auditing half a check book, don't you think? Of that I have no doubt.
lol.......you and Herman are satisfied with "Internal Audits" and the fox guarding the hen house, but that isn't going to cut it. Bernanke told the American people he didn't have to tell us where the hell he spent our bail out billions and we had to sue to get the information. Wake Up Shoonra!!
" If you cannot govern yourself, you will be governed by assholes. " Randge, Poet de Forum, 1/11/11
Is there a reason NOT to audit them? ================================================= We both know ANY ongoing FED audits to date have been done by bought and paid for companies and the findings are known (and scrubbed) long before they ever see the light of day. We know that. The idea here is for an EXTERNAL audit done by REAL AUDITORS with the findings PUBLISHED without being scrubbed by anyone inside the FED.
U.S. Constitution - Article IV, Section 4: NO BORDERS + NO LAWS = NO COUNTRY
An external audit of the FED is surely Anti Semetic. How dare anyone question these fine Jews! It is stuff like this that led to the holocaust! Preventive imprisonment is the only way to stop the Anti-Semites from starting another holocaust. The world must be safe for Jews!
God is always good!
#2. To: HAPPY2BME-4UM (#0)
No Need To Audit the Federal Reserve According to Herman Cain
#3. To: Prefrontal Vortex (#1)
Well.
#4. To: HAPPY2BME-4UM (#0)
(Edited)
#5. To: F.A. Hayek Fan, Shoonra (#2)
No Need To Audit the Federal Reserve According to Herman Cain
Post Date: 2011-06-04 12:00:42 by HAPPY2BME-4UM
17 Comments
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#6. To: Shoonra (#4)
#7. To: HAPPY2BME-4UM (#0)
flippantly denies the need to Audit the Federal Reserve
#8. To: Shoonra (#4)
We have audited the accompanying balance sheets of the Board of Governors of the Federal Reserve System (the "Board") as of December 31, 2008 and 2007, and the related statements of revenues and expenses and changes in the cumulative results of operations, and cash flows for the years then ended. These financial statements are the responsibility of the Board's management. Our responsibility is to express an opinion on these financial statements based on our audits.
The Federal Reserve is subject to oversight by Congress. Board governors and staff testify before Congress frequently to discuss issues within the Federal Reserve's purview. For example, in 2008, governors and Board staff testified 35 times before Congress. During the first quarter of 2009, governors and staff have testified 12 times. Board staff also meet with Congressional staff to brief them on topics related to the Federal Reserve's operations and future direction.
The Government Accountability Office (GAO) has broad authority to review and audit Federal Reserve activities.1 The legislative limits on the GAO's access to the Federal Reserve System are very specific and stated in the law.2 The GAO conducts reviews and audits at the direction of the Congress and also under its own authority. These engagements cover a wide variety of Federal Reserve activities. As of March 31, 2009, there were 20 GAO engagements underway, 17 of which were initiated by Congress. During 2008, the GAO completed 15 similar engagements.
Since Cain was the chairman of the Kansas City Federal Reserve Bank he knows something you don't know.
#9. To: Shoonra (#4)
Since Cain was the chairman of the Kansas City Federal Reserve Bank he knows something you don't know.
#10. To: Pinguinite (#7)
flippantly denies the need to Audit the Federal Reserve
#11. To: HAPPY2BME-4UM (#10)
(Edited)
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