I am not sure we should even have a treasury department. They have no over sight no one is watching what they are doing. I meant the federal reserve.
I think if what they are actually doing starts to get out to the general public there will be a panic.
foots, I think you got something there, and I know what makes you say that.
the federal reserve has never been audited, it is as secret as anything in government.
I don't know the information base of some of the posts stated herein. However the Federal Reserve's Board and its member banks are subject to Congressional oversight and General Accounting Office audit as per federal law. The Federal Reserve also has an Inspector General office to conduct audits and investigations. In addition, the Federal Reserve Board employs accounting firms to conduct annual audits. Each member bank (there's 12 of them) conducts annual internal audits and reports its findings to the Board. Not so secret, no?
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