Trump poised to take control of the Federal Reserve

[Zippyjuan]

(Im going to stop quoting you in replies, just answer, in case you're paid-per-reply)

No one said anything about what the chances of it occurring are, only whether that is a possible way to dissolve the Fed. The answer is YES, that is a possible way to dissolve the Fed, as I stated before....and of course you disagreed and are now moving the goalposts.

As always, Congress will do what they are told to do.

Theoretically it could also be ended if the US is overthrown or destroyed by a meteor. All are possible but extremely unlikely and unrealistic. (You said there were other ways listed in the Federal Reserve Act- still waiting on a link). Legally, the only way it can be ended is an act of Congress. Trump can't end it. Rand Paul can't end it.

 

[NorthCarolinaLiberty]

(Im going to stop quoting you in replies, just answer, in case you're paid-per-reply)

They're hourly. Just look at their posting patterns.

 

[devil21]

They're hourly. Just look at their posting patterns.

I have heard that pay-per-reply is one of the pay structures. It would make sense with Zip since Zip purposely attempts to generate replies by posting questions that usually aren't necessary to the topic. It's one of Zip's long-time hallmarks and is fully on display in this thread.

 

[Zippyjuan]

I have heard that pay-per-reply is one of the pay structures. It would make sense with Zip since Zip purposely attempts to generate replies by posting questions that usually aren't necessary to the topic. It's one of Zip's long-time hallmarks and is fully on display in this thread.

How do I sign up? How much do you get?

 

[devil21]

lol

 

[devil21]

I detailed much of what has happened, is happening and will happen in this thread. Feelin' pretty Kreskin-like these days
http://www.ronpaulforums.com/showth...urt-ruling-in-Canada-debt-based-money-is-done

 

[Aratus]

https://www.federalreservehistory.org/essays/banking_act_of_1935

President Franklin D. Roosevelt Signs the Banking Act of 1935​

Is DJT about to do the first BIG audit of the FED since 1913? What FDR did was not a full audit.

 

[Zippyjuan]

Is DJT about to do the first BIG audit of the FED since 1913? What FDR did was not a full audit.

https://www.federalreserve.gov/faqs/about_12784.htm

Does the Federal Reserve ever get audited?

Yes, the Board of Governors, the 12 Federal Reserve Banks, and the Federal Reserve System as a whole are all subject to several levels of audit and review:

The Government Accountability Office (GAO) conducts numerous reviews of Federal Reserve activities every year.

The Board's financial statements, and its compliance with laws and regulations affecting those statements, are audited annually by an outside auditor retained by the independent Office of Inspector General (OIG). The results of this independent audit are released to the Congress and the public.

The Board’s OIG conducts independent audits, evaluations, and criminal investigations relating to the programs and operations of the Board, as well as those Board functions delegated to the Reserve Banks. Completed OIG reports are publicly available as well as a dynamic Work Plan that lists all of the OIG’s ongoing and planned audit and evaluation work. In addition, completed and active GAO reviews and completed OIG audits, reviews, and assessments are listed in the Board’s Annual Report.

The financial statements of the Reserve Banks are also audited annually by an independent outside auditor.

Each week, the Federal Reserve publishes its balance sheet and charts of recent balance sheet trends; it also provides an interactive guide to the Fed's balance sheet. The balance sheet is included in the Federal Reserve's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks."

In addition, the Reserve Banks are subject to annual examination by the Board. The Board's financial statements and the combined financial statements for the Reserve Banks are published in the Board's Annual Report.

See the audit page on the Federal Reserve Board’s website for more information on all of the above audits as well as more information on the accounting, financial reporting, and internal controls of the Federal Reserve Board and Federal Reserve Banks.

https://www.federalreserve.gov/aboutthefed/audited-annual-financial-statements.htm

Federal Reserve System Audited Annual Financial Statements

The Board of Governors and the Federal Reserve Banks are all subject to several levels of audit and review. The Reserve Banks' financial statements are audited annually by an independent public accounting firm retained by the Board of Governors. To ensure auditor independence, the Board requires that the external auditor be independent in all matters relating to the audit. Specifically, the external auditor may not perform services for the Reserve Banks or others that would place it in a position of auditing its own work, making management decisions on behalf of the Reserve Banks, or in any other way impairing its audit independence. In addition, the Reserve Banks, including the consolidated LLC, are subject to oversight by the Board.

The Board of Governors' financial statements are audited annually by an independent public accounting firm retained by the Board's Office of Inspector General. The audit firm also provides a report on compliance and on internal control over financial reporting in accordance with government auditing standards. The Office of Inspector General also conducts audits, reviews, and investigations relating to the Board's programs and operations as well as of Board functions delegated to the Reserve Banks.

Audited financial statements at this link.