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Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video

 
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User ID: 15775142
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09/02/2012 07:56 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
Are you calling this senator a lier?

[link to www.sanders.senate.gov]
 Quoting: Anonymous Coward 7517840


Thanks for the link. I couldn't find it earlier.
Anonymous Coward
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09/02/2012 07:56 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
These people, with the help of our government, are raping every single one of us Americans. Using sand, instead of grease, in the process. Your going to tell me this angers no one?
 Quoting: El Quisqueyano


It angers everybody. What the fuck are we supposed to do? Rise up??? For what? Replace it with a new flavor of corruption? People who rise to power are parasites absent of a human soul. Did it ever occur to anybody that the rest of us shouldn't get caught up in their shit? They are insatiable and will never find peace. "Render unto Caesar . . ."
Anonymous Coward
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09/02/2012 08:05 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
I saw this and literally got sick to my stomach. The debt we're passing on to future generations is criminal. Welcome to the looting of our country!!!
 Quoting: Saddletramp


What debt? This is fraud, it is nothing, made from nothing. As such, it can be repudiated.
 Quoting: Anonymous Coward 23008345


these idiots don't seem to grasp that concept, theyd rather keep bloviating about how the sky is falling. losers.
 Quoting: Anonymous Coward 16069571


Really? so the debt means nothing? and the us dollar will just continue having value and be the reserve currency?
 Quoting: s. d. butler


The debt means something to somebody like the people who created it and gave the money away illegally. American citizens are not responsible for the money. The Fed and it's employees are completely responsible for embezzling from the people.

Let the blame and worry lay at the feet of those responsible.

No foreign govt. who has visited the US believes all American citizens would borrow from the Chinese so Bernanke could embezzle money and give it to his cronies. LOL

Makes you wonder about those Russia officials and spies all banned from entering the US ever again. Do they know the truth? I think it's pretty clear to them, I wasn't involved. LOL
Anonymous Coward
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09/02/2012 08:15 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
...


What debt? This is fraud, it is nothing, made from nothing. As such, it can be repudiated.
 Quoting: Anonymous Coward 23008345


these idiots don't seem to grasp that concept, theyd rather keep bloviating about how the sky is falling. losers.
 Quoting: Anonymous Coward 16069571


Really? so the debt means nothing? and the us dollar will just continue having value and be the reserve currency?
 Quoting: s. d. butler


The debt means something to somebody like the people who created it and gave the money away illegally. American citizens are not responsible for the money. The Fed and it's employees are completely responsible for embezzling from the people.

Let the blame and worry lay at the feet of those responsible.

No foreign govt. who has visited the US believes all American citizens would borrow from the Chinese so Bernanke could embezzle money and give it to his cronies. LOL

Makes you wonder about those Russia officials and spies all banned from entering the US ever again. Do they know the truth? I think it's pretty clear to them, I wasn't involved. LOL
 Quoting: Anonymous Coward 12339688


Remember Obama told Medevev he would ? after the election?

Ever wonder why McConnell and Boehner look at Obama during a state of union address like they hate him?

Conspiracy theory? Yes
Plausible? Yes
Anonymous Coward
User ID: 12339688
United States
09/02/2012 08:27 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
...


these idiots don't seem to grasp that concept, theyd rather keep bloviating about how the sky is falling. losers.
 Quoting: Anonymous Coward 16069571


Really? so the debt means nothing? and the us dollar will just continue having value and be the reserve currency?
 Quoting: s. d. butler


The debt means something to somebody like the people who created it and gave the money away illegally. American citizens are not responsible for the money. The Fed and it's employees are completely responsible for embezzling from the people.

Let the blame and worry lay at the feet of those responsible.

No foreign govt. who has visited the US believes all American citizens would borrow from the Chinese so Bernanke could embezzle money and give it to his cronies. LOL

Makes you wonder about those Russia officials and spies all banned from entering the US ever again. Do they know the truth? I think it's pretty clear to them, I wasn't involved. LOL
 Quoting: Anonymous Coward 12339688


Remember Obama told Medevev he would ? after the election?

Ever wonder why McConnell and Boehner look at Obama during a state of union address like they hate him?

Conspiracy theory? Yes
Plausible? Yes
 Quoting: Anonymous Coward 12339688


This article explains how the FBI found out the Russian spies had gotten close to high ranking US officials.

[link to articles.latimes.com]
Anonymous Coward
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09/02/2012 08:43 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
What is the punishment for treason in the USA during time of wars?
Anonymous Coward
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09/02/2012 08:52 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
That's the watered down one that couldn't possibly be called an audit. I'm not sure that that even passed?

The GAO hasn't audited the Fed.
Anonymous Coward
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09/02/2012 09:01 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
I am, among other things, a CPA.....

A few comments about the GAO report....sorry so late....

One poster stated this is not an audit - correct.

Technically, an audit is an examination of certified financial statements (f/s) The GAO did not examine the Fed's f/s. The Fed's external auditors, Deloitte, perform the annual f/s audit - has anyone here reviewed their reports?

That said, auditors perform three types of engagements: examinations, reviews, & compilations. Examinations provide the highest level of assurance. This report relates to an examination of the Fed's internal controls. What does that mean? The GAO looked at what the Fed did and not specifically how much it cost....

Several posters noted that the GAO report is from 2011 - correct.

Several posters wondered why they had never heard about this report...When is the last time you read a news item about a GAO report? Do you remember the 3 GAO reports over the last ten years covering federal employees' excessive use of first class travel? How about the 2 GAO reports in the last four years dealing w/ audits of defense contractors?
El Quisqueyano (OP)

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09/02/2012 09:03 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
I am, among other things, a CPA.....

A few comments about the GAO report....sorry so late....

One poster stated this is not an audit - correct.

Technically, an audit is an examination of certified financial statements (f/s) The GAO did not examine the Fed's f/s. The Fed's external auditors, Deloitte, perform the annual f/s audit - has anyone here reviewed their reports?

That said, auditors perform three types of engagements: examinations, reviews, & compilations. Examinations provide the highest level of assurance. This report relates to an examination of the Fed's internal controls. What does that mean? The GAO looked at what the Fed did and not specifically how much it cost....

Several posters noted that the GAO report is from 2011 - correct.

Several posters wondered why they had never heard about this report...When is the last time you read a news item about a GAO report? Do you remember the 3 GAO reports over the last ten years covering federal employees' excessive use of first class travel? How about the 2 GAO reports in the last four years dealing w/ audits of defense contractors?
 Quoting: DarbyDoom


Thank you for this contribution. I had heard of the last 2 audits you mentioned.
[link to skreened.com]

The path of the righteous man is beset on all sides by the iniquities of the selfish and the tyranny of evil men. Blessed is he who in the name of charity and good will shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers! And you will know my name is the Lord when I lay my vengeance upon thee!" Ezekiel 25:17

"Worst come to worst, my PEOPLES come first" Dilated Peoples
Anonymous Coward
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09/02/2012 09:12 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
I am, among other things, a CPA.....

A few comments about the GAO report....sorry so late....

One poster stated this is not an audit - correct.

Technically, an audit is an examination of certified financial statements (f/s) The GAO did not examine the Fed's f/s. The Fed's external auditors, Deloitte, perform the annual f/s audit - has anyone here reviewed their reports?

That said, auditors perform three types of engagements: examinations, reviews, & compilations. Examinations provide the highest level of assurance. This report relates to an examination of the Fed's internal controls. What does that mean? The GAO looked at what the Fed did and not specifically how much it cost....

Several posters noted that the GAO report is from 2011 - correct.

Several posters wondered why they had never heard about this report...When is the last time you read a news item about a GAO report? Do you remember the 3 GAO reports over the last ten years covering federal employees' excessive use of first class travel? How about the 2 GAO reports in the last four years dealing w/ audits of defense contractors?
 Quoting: DarbyDoom


I swear I recall a news blip about the GAO and the defense contractors. At least, if I remember correctly, defense contractors for Iraq and Afghanistan. Everything [defense contractors] they did was at exorbitantly inflated cost. There is no way that they save taxpayers money.

I believe the internal audits of the fed by Deloitte aren't public because of the absurdity of the Fed being completely separate from Gov't and an independent company. So far all intensive purposes, they haven't been audited for the public good.

If I could read threw a GAO report on banking, I'd probably be a banker =0D
Anonymous Coward
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09/02/2012 09:20 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
I saw this and literally got sick to my stomach. The debt we're passing on to future generations is criminal. Welcome to the looting of our country!!!
 Quoting: Saddletramp


I just can' f'ing believe we have allowed our government to stray so far. What is going to be their limit?
 Quoting: El Quisqueyano


There is no limit.

Laws are for the poor.
Anonymous Coward
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09/02/2012 09:22 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
The problem here is this. People who know what the Fed is already knows and expects this, and much worse actually. Those that don't know, don't care to know and most of them couldn't even comprehend the results. Most people do not even know what fiat means. When are trapped in a cage to ignorance.
Anonymous Coward
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09/02/2012 09:46 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
I am, among other things, a CPA.....

A few comments about the GAO report....sorry so late....

One poster stated this is not an audit - correct.

Technically, an audit is an examination of certified financial statements (f/s) The GAO did not examine the Fed's f/s. The Fed's external auditors, Deloitte, perform the annual f/s audit - has anyone here reviewed their reports?

That said, auditors perform three types of engagements: examinations, reviews, & compilations. Examinations provide the highest level of assurance. This report relates to an examination of the Fed's internal controls. What does that mean? The GAO looked at what the Fed did and not specifically how much it cost....

Several posters noted that the GAO report is from 2011 - correct.

Several posters wondered why they had never heard about this report...When is the last time you read a news item about a GAO report? Do you remember the 3 GAO reports over the last ten years covering federal employees' excessive use of first class travel? How about the 2 GAO reports in the last four years dealing w/ audits of defense contractors?
 Quoting: DarbyDoom


Nice.

I don't get why people here think this adds to the debt or deficit.
This just dilutes the money and is responsible for rising inflation.
But, unless it is bonds that have a party to be paid back.
This has nothing to do with taxpayers at all other than we didn't get a cut of all the loot.

See when the FED does "something" for the taxpayers it is a loan with interest and MUST be paid back.

It just shows too, how disingenuous they are about "stimulous" and fretting over the should they shouldn't they of QE3.
Anonymous Coward
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09/02/2012 10:19 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
I am, among other things, a CPA.....

A few comments about the GAO report....sorry so late....

One poster stated this is not an audit - correct.

Technically, an audit is an examination of certified financial statements (f/s) The GAO did not examine the Fed's f/s. The Fed's external auditors, Deloitte, perform the annual f/s audit - has anyone here reviewed their reports?

That said, auditors perform three types of engagements: examinations, reviews, & compilations. Examinations provide the highest level of assurance. This report relates to an examination of the Fed's internal controls. What does that mean? The GAO looked at what the Fed did and not specifically how much it cost....

Several posters noted that the GAO report is from 2011 - correct.

Several posters wondered why they had never heard about this report...When is the last time you read a news item about a GAO report? Do you remember the 3 GAO reports over the last ten years covering federal employees' excessive use of first class travel? How about the 2 GAO reports in the last four years dealing w/ audits of defense contractors?
 Quoting: DarbyDoom


Do you, by any chance have a link to those reports? I would really like to see that.
Anonymous Coward
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09/02/2012 10:21 AM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video

And do you guys have any idea what this money is being used for? Do you folks know who's hands this money is being placed onto?


 Quoting: El Quisqueyano


Good questions.

This money goes to:

Private Military Contractors who carry out slaughter in weak nations to grab land and resources for the international bankers.

u kno.


.
El Quisqueyano (OP)

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09/02/2012 12:09 PM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video

And do you guys have any idea what this money is being used for? Do you folks know who's hands this money is being placed onto?


 Quoting: El Quisqueyano


Good questions.

This money goes to:

Private Military Contractors who carry out slaughter in weak nations to grab land and resources for the international bankers.

u kno.


.
 Quoting: Anonymous Coward 22429494


I know.
[link to skreened.com]

The path of the righteous man is beset on all sides by the iniquities of the selfish and the tyranny of evil men. Blessed is he who in the name of charity and good will shepherds the weak through the valley of darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers! And you will know my name is the Lord when I lay my vengeance upon thee!" Ezekiel 25:17

"Worst come to worst, my PEOPLES come first" Dilated Peoples
...
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Canada
09/02/2012 04:11 PM
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Re: Holy Cow!!! First Audit Results In The Federal Reserve’s Nearly 100 Year History Were Posted Today, They Are Startling! Video
Shared with my fellow Canadians.

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