Posted on 09/13/2016 3:39:41 AM PDT by expat_panama
It's part of the U.S. gov't --the way the dollar works. You can't be calling for dismantling the U.S. gov't and the dollar too are you?
That's like saying "after getting drunk as a skunk that tree is responsible for what it did to the front end of my car." It's not the raising rates that's doing anything, it's piling up the debt that did all the damage.
Uh...it’s a privately owned bank. Cripes.
It's part of the U.S. gov't...
....it’s a privately owned bank.
Wait a sec, if it's private then how could we 'dismantle' it? Private banks can only be dismantled by market forces and only gov't enterprises are things we can dismantle by vote.
Anytime Congress asks for an accounting of that “federal” bank, they tell them basically to piss off.
You dismantle it by taking back the functions of the treasury...
--and they get this:
| 2015 Budget | 2015 Estimate | 15E to 15B | 2016 Budget | 16B to 15E | 16B to 15B | ||||
|---|---|---|---|---|---|---|---|---|---|
| Amount | Percent | Amount | Percent | Amount | Percent | ||||
| Central Bank Services | $2,970.5 | $2,945.1 | -$25.4 | -0.9% | $3,087.7 | $142.6 | 4.8% | $117.2 | 3.9% |
| Monetary Policy | 443.7 | 444.8 | 1.1 | 0.3% | 460.9 | 16.1 | 3.6% | 17.2 | 3.9% |
| Open Market | 193.1 | 189.3 | -3.8 | -1.9% | 202.9 | 13.6 | 7.2% | 9.8 | 5.1% |
| Public Programs | 207.8 | 209.9 | 2.1 | 1.0% | 217.5 | 7.6 | 3.6% | 9.7 | 4.7% |
| Supervision | 1,260.2 | 1,253.6 | -6.5 | -0.5% | 1,311.6 | 58.0 | 4.6% | 51.5 | 4.1% |
| Cash | 593.6 | 585.0 | -8.7 | -1.5% | 619.7 | 34.8 | 5.9% | 26.1 | 4.4% |
| Loans to Depository Institutions | 78.1 | 76.5 | -1.6 | -2.0% | 76.6 | 0.0 | 0.1% | -1.5 | -1.9% |
| All Other Central Bank Services1 | 194.1 | 186.0 | -8.1 | -4.2% | 198.6 | 12.6 | 6.8% | 4.5 | 2.3% |
| Treasury Services | 579.9 | 556.6 | -23.3 | -4.0% | 605.6 | 49.0 | 8.8% | 25.7 | 4.4% |
| Fee-Based Services2 | 418.2 | 395.0 | -23.2 | -5.6% | 423.3 | 28.2 | 7.1% | 5.0 | 1.2% |
| Total Expense | $3,968.7 | $3,896.7 | -$72.0 | -1.8% | $4,116.6 | $219.9 | 5.6% | $147.9 | 3.7% |
Total ANP |
19,295 |
19,022 |
-273 |
-1.4% |
19,424 |
401 |
2.1% |
128 |
0.7% |
| 1 Includes Reserve Accounts and Risk Administration and Services to Other Central Banks. Return to table. 2 Fee-based services are all expenses associated with the Priced Services, including the check service, the FedACH Service, the Fedwire Funds and National Settlement Services, and Fedwire Securities Service. Return to table. |
|||||||||
Individual congressmen may have complained but as a whole Congress voted to approve it.
...dismantle it by taking back the functions of the treasury...
Most people understand that this is how it's done with a gov't agency, and that Congress does not have the authority to dismantle or demand an accounting of someone's private business.
So. What was the enabling legislation and how can we repeal it?
All you need to do is have congress pass a bill to repeal the FR Act and for the president to sign the repeal. Nothing to it. Until then tho the Fed's a gov't agency and it'll have to do its thing.
Yeah, you get unaudited BS.
You also get this.
https://www.youtube.com/watch?v=1QK4bblyfsc
https://www.youtube.com/watch?v=WV5mdGS_tkw
Maybe this explains why one of the board of governors in NY is not even an American. This “reserve” is a den of thieves and has is about as federal as Federal Express...its a private bank.
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