Has the Federal Reserve ever been audited via Congress who they SHOULD be working under?

Question

Only those who know exactly how the money system works, please reply.

Answer 1

Good question, and no they have not. They are above being audited and above question and reproach.

The Federal Reserve is so called to hide what they really are; they are a private group of bankers who were initially agents of the Rothschilds in London & Europe. The Rothschilds are currently grand vizier to the Queen...anyone still think America won the war of independence???

Most seem aware of the scam they pull with printing of money and charging interest rates, but they also collect these 'interest' payments via the IRS which they also own.

It is a very fascinating fact that ALL three American Presidents; JFK, Lincoln, & Garfield all spoke of the government taking back control of printing US currency and all three were assassinated. JFK even got so far as printing a $2 bill, which if you look closely at the top, you will see it is not a federal reserve note, but a US treasury one.

The debt can never ever be paid off which is of course the scam, but there is a clause which allows for the US Treasury dept to mint its own coins. The solution therefore is to mint a coin valued at $4 trillion and give it to the banking cartel....legally, they would have to accept it.

When the dollar ceased to be backed by gold in 1913, they cornered it. Gold of course is the only commodity that is still valuable when 'our money' goes through a crash similar to 1929.

Here are a few quotes concerning the topic;

“Who controls money controls the world.”
Henry Kissinger – a paragon of virtue

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value...Gold stands as a protector of property rights.”
Alan Greenspan – before becoming chairman of the board of selectors for the Federal Reserve Bank

"World events do not occur by accident. They are made to happen...most of them are staged and managed by those who hold the purse strings."
Denis Healey, former British Defence Minister

“Wake up you idiots! Whatever made you think paper was so valuable?”
Kurt Vonnegut – Galapagos

Now you might understand why things are the way they are and why they never get audited; they have bought evey position that could grant a legitimate audit.

Answer 2

To those who think the Federal Reserve has never been audited, READ THE FOLLOWING DOCUMENT.
http://www.federalreserve.gov/boarddocs/rptcongress/annual06/pdf/audits.pdf

Under the Federal Banking Agency Audit Act (Public Law 95–320), most Federal Reserve System operations are under the purview of the Government Accountability Office (GAO). In 2006, the GAO completed six reports on selected aspects of Federal Reserve operations. In addition, seven projects concerning the Federal Reserve were in various stages of completion at year-end. The Federal Reserve also provided information to the GAO during the year on numerous other GAO investigations. The reports are available directly from the GAO.

The Federal Reserve is subject to full financial audits by independent auditing firms. The reports of these audits and the financial statements of the Federal Reserve are part of the Federal Reserve annual report to Congress.

Answer 3

definite. lobbyists are actually giving money to senators at stages that are in basic terms somewhat decrease than in the past the bailouts. Its disgusting what those bastards ruin out with. An audit of the federal reserve will in all probability by no potential take place however. We cant even get legislations surpassed that could furnish transparency for the various varieties of monetary practices and schmes (derivatives) that wall street douche luggage particpate in. **** THEM and **** CAPITALISM.

Answer 4

Give Congress Control of the FED?

Yeah, I believe that would just about as great an act as FDR imprisoning the Japanese or Andrew Johnson(D) vetoing the original civil rights act.

The Fed decides how much money to print and what the FED interest rate should be. What little government money they spend is administrative.

Yes, the FED has been audited, but, why would Congress audit them. Most people in Congress don't have a clue about Keynesian Economics, Fiat Currency, tangible asset economies or how to balance their own check book.

Audits verify documented processes and the economic processes required to establish the M1 or the Fed Funds rate are so complex that the idea of someone like Ron Paul or Barak Obama trying to understand them is ludicrous.

Answer 5

no the federal reserve is a private own bank thats scaming the u.s.it actually withhold information from congress.the federal reserve loans us money at interest,lets say the u.s. need a 100,000,000 dollar bills the federal reserve will loan the u.s. the money with interest on each dollar bill putting the u.s. into debt for each dollar the federal reserve put into circulation.

our government must pay back the money the federal reserves print through the income tax

there's a lot of conspriarcy theories surronding the federal reserve this is one of them from zeitgeist.com that was posted on youtube don't know how credible it is u could do research on it urself
http://www.youtube.com/watch?v=_dmPchuXIXQ

i was the only one who actually told u how the money systems works but yet i get a thumbs down,if i got a thumbs down because i'm wrong feel free to correct me

Answer 6

The Fed is our country's central bank. No matter what they pull, they would get away with it. The Fed controls every aspect of the U.S. dollar, from production to value. The thing about the Fed is that it isn't even a department of the government. It is a bank that makes our money then sells it to the government at interest, which then creates debt that we the tax payers pay to the federal government as income tax. Later some of that tax money is used to pay back the Fed for the money produced. If you want to know more look up central banks.

Answer 7

OVERSIGHT:

http://www.house.gov/jec/fed/fed/fed-impt.htm

"The Board of Governors (BOG).
The BOG was established as a Federal agency. It is composed of seven Governors appointed by the President of the United States and confirmed by the Senate to staggered 14-year terms. A Chairman (and Vice Chairman) are also appointed by the President and confirmed by the Senate, for four-year terms. The Board of Governors and its staff of about 1,700 are located in Washington, D.C. "

Answer 8

I thought the Federal Reserve was a separate entity (in that it's part public) that worked WITH the gov't.

Answer 9

Congress can't even audit themselves, how are they going to audit any outside agency.

The GAO conducts audits, not the Congress.

Answer 10

the ferderal reserve bank is a privately held entity set up by the government in a secret meeting early in the morning after a snow storm on the day before christmas break when only a few members were present to vote ..