THE FEDERAL RESERVE - GAO Audits: "Currently We Lack Audit Authority Over The Federal Reserve's Monetary Policy, Foreign Transactions, and Federal Open Market Committee Operations"
| Source: |
http://www.gao.gov/
|
| Published: |
Oct 27, 1993 |
| Author: |
Comptroller General Charles A. Bowsher |
| Post Date: |
2007-07-27 05:48:25 by Uncle Bill |
| Views: |
199 |
http://archive.gao.gov/t2pbat5/150187.pdf
"Currently We Lack Audit Authority Over The Federal Reserve's Monetary Policy, Foreign Transactions, and Federal Open Market Committee Operations">
FEDERAL RESERVE - PRIVATE CORPORATION
Type in File Number 0042817 at The State of Delaware.
#1: ghostdogtxn To: Uncle Bill (#0)
ghostdogtxn posted on 2007-07-27 09:29:20 Reply Private Reply
#2: robin To: Uncle Bill (#0)
robin posted on 2007-07-27 09:29:21 Reply Private Reply
#3: Horse To: robin, ghostdogtxn, Uncle Bill (#2)
Horse posted on 2007-07-27 12:12:00 Reply Private Reply
#4: Uncle Bill To: Horse (#3)
"You might add that we are required by law to count and audit the gold supply at Fort Knox, but we have never done that. That would be a good question for a Presidential candidate."
I know Ron Paul's answer. 8-)
Source
"Another question that has come up frequently with Kitco, and I’ll ask Congressman Paul this one. Do you think it is appropriate for the American people to ask for an audit of Fort Knox for full disclosure of how much gold is really in there?
R. Paul: Yes, and going back to the Gold Commission, that subject came up then and I recommended that we do that, and that was again defeated 15 to 2. They said they have an ongoing audit. They audit 5% every year, so eventually they audit the whole thing. They also said that there once was an audit in the 1970’s but those who participated in the audit considered it inadequate. I think it would be a good idea because you hear stories and of course those who believe in conspiracies drum up a lot of stories. It seems like someone like myself on the Banking Committee, on the Domestic Monetary Subcommittee, having served on the Gold Commission, that you think that I would have the ability to get this done. But I can’t even figure out what The Fed is doing because their meetings are totally secret and they don’t reveal their policies. It’s a closed system in the monetary sense, and I think that is tragic."
Uncle Bill posted on 2007-07-27 15:29:27 Reply Private Reply
#5: Uncle Bill To: robin (#2)
Yep
Uncle Bill posted on 2007-07-27 20:54:35 Reply Private Reply
#6: robin To: Horse (#3)
That would prove illuminating.
robin posted on 2007-07-27 21:48:48 Reply Private Reply
#7: Uncle Bill To: robin (#6)
Uncle Bill posted on 2008-01-10 21:46:23 Reply Private Reply
#8: Uncle Bill To: ALL (#2)
Uncle Bill posted on 2019-04-14 20:27:41 Reply Private Reply