Joined: Nov 2008
Posts: 390
Senate to Audit Federal Reserve! IMPORTANT
5/12/2010 at 9:36 AM
Pinch me and tell me its not April Fools! The US senate has voted unanimously, 96-0, to audit the Federal Reserve for the very first time in History!
Well actually its an amendment and only gives the government the RIGHT to audit the Federal Reserve. Still a huge step forward.
The Federal reserves PRINTS MONEY that not only their nation but the rest of the WORLD uses as a reserve currency.
They have been obligated to send reports to Congress 2x a year, but neither congress, the senate, or the president has EVER legally been able to Audit the federal reserve.
Who'd like to do their taxes that way? Fill out whatever you'd like, the CRA has no legal authority over you.
Huge huge deal folks. These guys have been impervious to audits for almost 100 years. If there are any "irregularities" it could very well dwarf Bernie Madoff, Enron, and every other white collar fraud crime in history, put together.
Cannot reiterate how important this is for Canada and the world because so many countries use the US Dollar as a reserve currency (IE: EVERYONE).
If there's any economist out there who would like to explain (correct) the full scale of such an act, I would appreciate it.