UWSA FEDERAL RESERVE ACCOUNTABILITY
NATIONAL TASK FORCE REPORT
Why The Federal Reserve is Running the Country! Simply because they are an UN-AUDITED, Privately-Owned Company that Prints its Own Currency, with no Oversight by Congress.
Here is a piece of relevant law concerning the Fed, and my translation of
what it all means:
The GAO [Government Accounting Office] does not have complete access to all aspects of the Federal Reserve
System. The Federal Banking Agency Audit Act of 1978 stipulates the
following areas are to be excluded from GAO inspections:
"(1)transactions for, or with, a foreign central bank,
government of a foreign country, or non-private
international financing organization;"
Translation: Any transactions with foreign banks, the IMF, the government of
Russia, or the World Bank, are to remain hidden from the public. Money,
furnished to these entities, is not to be reported. Widely mentioned in the
press recently, is the shipment of $100 to $200 million dollars, a day, in $100
bills, to Russia. What is the source of that money? Are they taking Rubles for
Dollars? The Fed is also engaged in 'stabilizing' the dollar in foreign
exchange transactions. Free trade is causing a massive, cumulative outgo of
dollars, how does the Fed 'stabilize' the value? Could it be through buying
Yen, or other monies, from their foreign stockholders, in exchange, for created
dollars, well above, the published exchange rates? {Editor's Note: This is called profiteering, from inside trading, on Wall Street. You'd get jail time, for doing this, there !!!}
"(2) deliberations, decisions, or actions on monetary policy
matters, including discount window operations, reserves
of member banks, securities credit, interest on
deposits, open market operations;"
Translation: You are not to know anything about the 'reserves of member
banks', what the Fed is doing in general, or how they are doing it.
"(3) transactions made under the direction of the Federal
Open Market Committee; or"
Translation: The Fed can buy General Motors stocks and bonds, through open
market operations, to help GM, finance new car plants in Mexico. These bonds
meet the legal criteria of 'reserves'. Since most foreign and domestic money,
or stocks and bonds, being debt based, are actually a 'widely held security',
they are classed as a 'reserve', and manipulated through open market
operations. You are not to know about this.
"(4) a part of a discussion, or communication among, or between,
members of the Board of Governors, and officers and
employees, of the Federal Reserve System, related to items
(1), (2), or (3)."
Translation: You can't ask them about it, either, not even the secretaries, who
prepare the papers, or run the computers.