The government can never run out of money.

From what he posted...the Fed has been aggressively and repeatedly audited. You're wrong.

 

But but but, the Creature Feature video he gets his information from said the Fed has never been audited.

And internet videos never lie.

Therefore I must be lying. Along with the GAO, the Federal Reserve, the OIG, and Deloitte.

 

Another member of the brain trust.... Do you guys ever get tired of being full of s*it? The FED has never been independently audited and has fought every attempt to pass legislation requiring it.

Do you really believe that repeating a lie numerous times will make someone believe it?

 

Dude. I read the Creature From Jekyll Island too. The guy is a paranoid lunatic. The book is "useful" in that it explains a lot of how banking works...but his conclusions are completely warped.

 

You mean other than by the General Accounting Office, the Office of Inspector General, and Deloitte and Touche, and the eight different independent audits I listed in my post anyone can see for themselves?

Or are you just demonstrating to everyone again that you are completely clueless as to what you are talking about and you have no idea what an independent audit means?

Though I did notice you've changed your tune. Before you were claiming the Fed has "never been audited" and called me a liar for saying you were wrong. Now you're saying its never been "independently" audited. You were completely wrong before but you'll never admit it. But you're still completely wrong now as anyone can see from the several independent audits I linked to in my post.

Go watch your Creature Feature again. You'll feel better. It's an internet video. And internet videos never lie and they are never wrong.

 

From the very first page of one of my links:

The Federal Reserve Banks
Combined Financial Statements as of and for the
Years Ended December 31, 2014 and 2013
and Independent Auditors’ Report

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2014.pdf

But no, the Fed's never been audited. We're full of (*)(*)(*)(*). The Creature Feature says so.

 

the right seems to prefer, Orwellian fantasy.

 

Greece and other countries don't issue the world reserve currency. That's why the U.S. has leverage they don't. But that will soon end with China most likely taking the mantle. If you look back, roughly every 35 to 45 years there is a change in the world monetary system and we're at the end of that cycle with Nixon ending Bretton Woods in 1971.

 

Yes, the statists do believe that if they keep repeating the same lie others will believe it. Of couse, the statists are usually delusional so they may believe their lies are actually true.

 

Let me guess, you're one of the "informed" truth-bringers who believes the Fed has never been audited as well?

This thread is going to end up a candidate for the conspiracy section.

 

It has already happened. People just don't recognize it. The new global currency is debt.

 

No, it hasn't happened yet, but it will by 2020. China will never stop buying gold and they will continue to gain more and more partner nations who will agree to trade exclusively with the Yuan and not dollars. Meanwhile, the U.S. government is the greatest debtor not just in the world, but in the history of the world. The Fed will become insolvent when the next crisis hits and then it's game over.

A note is an obligation of debt. This is what the Federal Reserve Note became after they ended gold convertibility. In this corrupt system,

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Iriemon, I think you're going to need to stay where you are. Where all shills belong.

 

How exactly does the Fed become insolvent?

Anything but the Fed could become insolvent.

So with the dollar bill in my wallet, are you saying I'm obligated to someone, or someone is obligated to me?

I think you need to go back the the Creature Feature. Clearly conspiratorial fantasy is where you belong.

So why the dodge? Are you one of those Creature Feature Ron Paul nuts who claim the Fed has never been audited like our friend jdog you're defending?

Don't be timid. Tell us your view.

 

I'm going to have to turn the email notification off so I don't waste any more time on your idiocy. A central bank cannot go bankrupt in a traditional sense, but it can become so distressed that a LOSS OF CONFIDENCE in the currency occurs. Once that happens, there is no putting the genie back in the bottle.

The Fed's numbers are ONLY deteriorating. They cannot improve because the debt can never be repaid. How do you pay off a dollar of debt in this system? You must print another dollar to do so. And so on... It is a system designed to fail, and fail it ultimately will. The only question is "when?"

 

Don't be timid, share with everyone your idiocy about the Fed. How you believe it has never been audited, and how you think they are a private world bank run by the world jewish conspiracy that started WWII and killed the Kennedys. LOL

 

Like all Lib shills, you're following rule number one which is ignore everything you can't refute. Fiat currencies are routinely devalued to nothing all throughout history. These currencies are issued by who? Mostly central banks. Rule # 2, attack the person and mischaracterize their views as much as possible.

The Federal Reserve is a cartel of banks, not a government agency. Well, more technically it's quasi-government since some of the officials are appointed by the government, but that's where it ends. And Congress should never have given banks the power to issue the nation’s money nor to create money out of debt. And that's exactly what the Fed does.

 

Wow, isn't it amazing that you can divine my posts even why you supposedly have me on ignore?

So why are you dodging? Quit being a milquetoast and tell us that you believe the Fed has never been audited.

Because you saw it on the Creature Feature.

 

when has currency not been debt; unless it was commodity money.

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Only, if an economy doesn't grow and produce a positive multiplier effect.

 

What this country needs is a huge jolt of velocity of money. It will show up as a lot more revenue to the Feds. When Bill Clinton was fortunate enough to see a rapid rise of the velocity of money, he then alleged HE balanced the budget and that HE caused a surplus.

Actually those who recall will recall how prices of homes were diminished at the time, how the prices were stagnant, yet the stock market grew faster than a bunch of rabbits and the market movement was the blame for the rapid rise in velocity of money.

Think of velocity this way.

You are on a merry go round and to stay on it, you must hand a ticket to the person on the platform or jump off.

The faster the wheel spins, the more tickets he collects.

We in the general economy also profit by the velocity going faster. This is what Obama and his minions forget all about.

 

Apparently though not complete, it was audited recently.

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

(16 trillion in bail outs, is that why Obama takes credit for the recovering economy? ~Robert)

http://www.sott.net/article/250592-...eserve-Reveals-16-Trillion-in-Secret-Bailouts

 

Federal bonds are quasi-cash anyway.

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When the term "Two bits" wasn't just a folksy saying.

 

Silver and Gold producing red States are welcome to coin their own money.

 

An economy is not always going to grow. Government regulations and taxes can impede it, and impede it to a significant extend. But you also have demographic shift issues as well. That's happening to us now, and you don't hear any of the incompetent fools in government even mentioning it.

 

why not simplify it to a simple economic dilemma we can discuss?

 

True, but they're still debt instruments. People should be able to get their currency interest free.