To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
This is what a lot of people have been waiting for. Some legislation that would give the government the ability to have a complete audit of the Federal Reserve Bank.From the establishment of the Federal Reserve Bank, the US government has had absolutely no control over it’s currency. It instead has been literaly making loans dollar after dollar after dollar. Each bill of currency itself is a promissory note to the federal reserve on the behalf of the United States government. Promising repayment.
The odd thing is, without a United States Currency of it’s own, there is no real way that the United States Government can ever pay back the loans taken from the Federal Reserve.
September 27th, 2009 - 2:42 pm
I live in Detroit.
December 2nd, 2009 - 11:32 pm
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December 8th, 2009 - 5:56 pm
that’s hard to believe