Source link: http://blog.mises.org/9964/is-anyone-minding-the-store-at-the-fed/
Is anyone minding the store at the Fed?
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{ 14 comments }
Uh… two trillion you say? Well, I have to check… hm, actually could you repeat the question?
Why is that woman employed?
Comical/tragic
Wow, absolutely incredible. Eight months since the bailouts began and they haven’t conducted (or say they haven’t) a single investigation as to where and whom these trillions are going to.
I need a drink.
The very picture of government accountability and transparency.
They “only” have oversight over the Fed’s oversight over its own activities. Great.
Well what do you expect? They have to get as much money out as possible as fast as possible, and worrying about where it’s going will slow down the flow of free money and break the economy.
Obviously the only true way to fix the economy is to treat it as a black box where you just feed it money all day until it gets better.
(massive sarcasm mode, if you can’t tell.)
“Why is that woman employed?”
Actually, she is doing her job exactly the way her employers expect.
If the congressman had asked the right question: WHEN WILL the audit of the Fed be complete, when will we know who got the money and how many off balance sheet liabilities does the Fed have, he would have gotten the correct answer: Never – the inspector general doesn’t do that. Nobody does that.
The number of people in the room should give you an idea of how important this subject is to Congress and the press.
The older I get the more I realize that the entire financial system of the USA is a scam. Trillions of dollars pritined and no one knows where they actually went to?They might as well have Madoff running the show.This video should be shown on every televised newscast but it wont.This event makes the Brinks armored car robbery pale in comparison, it is truly the largest theft in the history of the world. And no one cares!
Nobody cares? Well, here’s the thought process, I surmise:
“2-trillion or 200-trillion, so what. You may as well be discussing the star dust around the Crab Nebula.
Look, all these big numbers, and corporate bailouts, and pump-priming…. I mean, c’mon, that’s their job, to work out George Bush’s mess. I got enough to worry about. Here’s where I care:
Is gas under $2-a-gallon?
Are there fewer soldiers being blown up each morning in Baghdad?
Can I get a car loan?
Do I have a job that pays health insurance?”
So it goes.
Well Franklin you forgot the big question…. How much are my taxes?
And yes some of us do care The Constitutionalists are coming and we’re bringing America with us!
What? Are you kidding? That clip is something straight out of a comedy sketch. What can you call that episode? Economic death by bureaucracy?
That entire exchange was depressingly insane. I’ve seen five year olds act more accountable.
The only thing I’ve seen that was worse than that was the Alberto Gonzales’ accountability charade.
I believe if Ron Paul is able to get H.R. 1207 “Federal Reserve Transparency Act of 2009″ passed and the books of the Fed are finally opened for the world to see, it is not going to be a pleasant situation for the value of our dollar.
Ron Paul 2012
OK,OK,OK… They gave me the money! Don’t have them go looking for it or I’ll have to pay it back.
Seriously, If the plan is to de-value the US dollar to the point that millions become bankrupt and we switch to another currency, then it is working. If that is not the plan, then they are lying to you about the plan.
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