Signatures in support of a WH Petition to Audit accounts of money from auctions of Treasury securities which are exclusively handled by a fiscal agent of the US and appear to disappear, suspected  to benefit the TBTF banks, are being collected at  Is it of interest to you ??

Jim Carter

NOTE: The Petition pasted below will be posted by WH after a minimum number of signatures are collected.

reference doc:





We the People ask the Administration to confirm that the General Accounting Office (GAO) has the responsibility and authority to audit the handling of any funds belonging to the United States government, and

Whereas the Federal Reserve Bank of New York (FRBNY), as fiduciary agent for the government of the United States is taskedx with the exclusive duty to disburse all government funds received from the auctions of Treasury securities and any related operation pursuant to 31CFR 375.3, and


Whereas the auctioned securities have been identified by TreasuryDirect as “maturing” to replace redeemed (maturing) or called securities and an additional identification of “new cash” for securities created by Deficit Spending (Ref. and


Whereas the funds for maturing/rollover securities are expensed to the Primary Dealers, in large part, for the task of collecting maturing securities but there are no securities redeemed with the funds from deficit spending securities, and


Whereas the funds from the auctions of deficit spending Treasury securities (appx $1 trillion annually) are not evidenced as being transferred to the government by any official document, and if such transfer occurred it would have to purchase an equivalent amount of securities as was issued which would result in no increase in the National Debt and would also eliminate any increase in money in circulation (inflation) which obviously does not occur, and


Whereas such funds are not documented as being transferred to any destination, and the accounts have never been audited by an independent accounting firm or the GAO,

THEREFORE, it is respectfully Petitioned that the President, or any Congressional Chairperson, instruct the GAO to conduct an audit of the described accounts at the earliest reasonable time to determine the destination of the identified funds.


If the “appropriate policy experts” relied upon for further handling of this Petition include the Secretary of the Treasury, or the Treasury Department, this Petition is an exercise in futility.

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