[quote=investor][quote=SK in CV][quote=investor]
I do not trust any entity that has the money supply of the US and the reserve currency of the world in its hands and is not completly outright on where the money is. It’s clear that congress has no idea where the trillions are. Congress is stopped from finding out where by the fed and some people want to trust the fed that its doing the right thing? Where does working in secrecy lead to?[/quote]
You’re looking in the wrong hole. No matter how long you look there, you won’t find it. It’s not where the money is, its not where the money went. It’s the policy. It’s the oversight (or more importantly, lack thereof). An audit, no matter how comprehensive will NEVER tell you why they lowered or raised interest rates. Why they loosened or tightened money supply. Why they allowed or prohibited member banks from conducting business the way they do. The great power of the fed is not in their actual dollars. It’s the influence they have over the economy.
