Federal Reserve Emphasizes Transparency, as If It Matters ...

 

The Federal Reserve began releasing quarterly financial results on Monday, in an effort to increase transparency at a time many Republicans are demanding more accountability from the U.S. central bank. The Fed previously published financial statements annually. Its decision to report more frequently responds to demands for more openness and provides a reminder to taxpayers that it has been a significant source of income for the government. Its release of unaudited first- and second-quarter results detailed a sharp rise to $46.447 billion in its payments to the Treasury, from $40.456 billion in the first six months of 2011. "This enhancement to the (Fed) Board's previous financial reporting procedures will provide greater transparency by communicating financial information on a more frequent basis and in greater detail," the central bank said. – Reuters

Dominant Social Theme: Finally, the Fed takes steps to address critics and create a more efficient and honest facility.

Free-Market Analysis: We are to believe that the Federal Reserve's openness marks a great step forward in ... what? The problem with the Fed is that it is a monopoly central bank printing money-from-nothing and thus causing ruinous booms and terrible busts.

We're living through one such bust now. How is the Fed's transparency as regards any of this going to help with the fundamental problem of Money Power?

That's the kind of question Congressman Ron Paul (R-Tex) might be asking, as he is behind the "audit the Fed" movement.

But the questionable "transparency" the Fed is offering us is nothing but a ruse, a feeble palliative designed to provide talking points for those who want to dodge the real issue: Modern monopoly central banking doesn't work, can't work, won't ever work. Central planning of any kind doesn't work. Nobody is capable of predicting the future with any kind of accuracy. It's why the Soviet Union fell apart.

Chances of a thorough audit are fairly slim, anyway. A bill to get it done would have to pass the Senate and then President Barack Obama would have to sign it. Here's some more from the Reuters article:..................

...................................

.............Then there is this from a CNN article on the issue, "Audit the Fed? Bernanke fights back against Ron Paul" ... "Current law also protects the Federal Reserve from audits that reveal transactions with foreign central banks and governments, the reserves of its member banks and discussions among its employees about these issues."

continue: http://thedailybell.com/4228/Federal-Reserve-Emphasizes-Transparenc...

Views: 193

Reply to This

Replies to This Discussion

Transparent as mud, you trust a perennial lier?   Don't listen to these thugs in zoot suits, jail them!

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

tjdavis posted a video
16 hours ago
Burbia replied to Burbia's discussion Trump Receives Marching Orders
22 hours ago
Less Prone favorited Burbia's video
yesterday
Less Prone replied to Burbia's discussion Trump Receives Marching Orders
"Bullets can be effective in reinforcing ownership."
yesterday
Burbia posted a discussion

Trump Receives Marching Orders

Netanyahu has made 3 visits to the White house since Trump's second term as President of the United…See More
yesterday
Burbia commented on Burbia's video
Thumbnail

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

"Omg. The Ben Shapiro voice that Luke is imitating here couldn't be any more comedic to…"
yesterday
Burbia posted a video

Ben Shapiro Just LOST HIS MIND — There's No Coming Back From This

Get the magnesium your body needs - https://wearechange.shop/product/magnesium-glycinate/Ben Shapiro Just LOST HIS MIND — There's No Coming Back From ThisHig...
yesterday
cheeki kea posted photos
Tuesday
Doc Vega posted blog posts
Monday
Burbia posted a video

A few reasons I don’t like jews. It’s not complicated.

These are the reasons I became antisemitic. It’s not complicated. Sure, I could go on for days, weeks, months outlining everything, but I don’t need to. This...
Monday
Doc Vega commented on Doc Vega's blog post Unusual Discoveries and Headlines
"Less Prone, Thanks Buddy! I'd like to volunteer as a historical reconstructionist! "
Sunday
Less Prone left a comment for t.me/TheIntelligenceLibrary
"Welcome to a revolutionary concept in public communication, the truth."
Sunday
pohonemas33 team is now a member of 12160 Social Network
Sunday
Less Prone favorited cheeki kea's discussion Tartaria
Sunday
tjdavis's 2 blog posts were featured
Sunday
Doc Vega's 7 blog posts were featured
Sunday
Less Prone commented on Doc Vega's blog post Unusual Discoveries and Headlines
"Some incredible pieces of history!"
Sunday
Less Prone favorited Doc Vega's blog post Unusual Discoveries and Headlines
Sunday
tjdavis posted a blog post
Sunday
Doc Vega posted a blog post

First Week of July 1947 an Inflexion Point for Humanity!

The year is 1947 and sometime around July 4th the anniversary of the birth our nation, when a…See More
Saturday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted