Federal Reserve Cannot Account for $9 Trillion

peaceandlove · 05-13-2009, 04:28 AM

Federal Reserve Cannot Account for $9 Trillion

Posted by dynamic75 on 05/12/09 4:04 PM

This is just one more reason for HR 1207. The federal reserve has destroyed our economy long enough. Now they have $9 trillion in taxpayer money that they cannot account for.

Quote:

Federal Reserve Cannot Account for $9 Trillion

Tuesday, May 12, 2009 12:30 PM

By: Julie Crawshaw

The Federal Reserve apparently can't account for $9 trillion in off-balance sheet transactions.

When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed's expanded balance sheet, the IG didn't know.

Article continues: http://moneynews.newsmax.com/finance...mo_code=7F9F-1

Source: http://www.campaignforliberty.com/blog.php?view=18045

Carol · 05-13-2009, 04:42 AM

Gawd! This is so fricking outrageous. Just more money being drained to black ops and what do they need so much money for this time?

peaceandlove · 05-13-2009, 05:01 AM

Hi Carol,

Have you seen this video yet of the questioning about One Trillion. I had posted it under the HR 1207 Federal Reserve Transparency Act.

Does it appear to you that she is under mind control?

Here it is:

Is Anyone Minding the Store at the Federal Reserve?

Video (5:26): http://www.youtube.com/watch?v=PXlxB...layer_embedded

Why We Need HR 1207

Here's an excerpt from Ryan Grim's (The Huffington Post) coverage of this hearing:

The inspector general tasked with overseeing and auditing the Federal Reserve knows pretty much nothing about what the Fed is doing. That's the conclusion that comes from watching the exchange Tuesday between Rep. Alan Grayson (D-Fla.) and inspector general Elizabeth A. Coleman.

Coleman could not tell Grayson what kind of losses the Fed has so far suffered on its $2 trillion portfolio, which has greatly expanded since September....

Read the rest here.

Included in the article is the Inspector General's defense of her position, excerpted below.

Let me clarify a common misconception about my office's responsibilities. By law, we are the Office of Inspector General for the Board of Governors only. I am not the Inspector General for the 12 Reserve Banks.

The lending programs operated by the Reserve Banks expanded the Federal Reserve's balance sheet....

As part of her defense, Inspector General Coleman mentions that the Federal Reserve is audited by the Government Accountability Office (GAO). Paul-Martin Foss, Congressman Paul's Financial Services legislative aide, explained in a briefing back in March that the GAO is quite limited in the audits they can conduct (limitations that HR 1207 would remove).

Speficially, the GAO is not allowed to audit:

(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)-(3) of this subsection.

For more information, see Andrew Ward's post on the briefing here.

See Source: http://www.campaignforliberty.com/blog.php?view=17715

05-13-2009, 05:33 AM

wow - Inspector General Elizabeth Coleman of the Federal Reserve.

She didn't look under mind control to me. She looked like an idiot. She also had goons behind her, one whispering in her ear. I guess that's 'advice.' In Canada, we have an Auditor General (Sheila Fraser), who's found all sorts of misspending issues with all government parties - I love her. This Inspector General is just full of bifflegab. I've got to hand it to Rep. Alan Grayson for remaining so composed, despite his simple and pertinent questions being evaded with that evasive nonsense.

By the way, what do you suppose the missing $9 Trillion is used for exactly? I've heard the black-black ops are financed by drug money. So this might be, what... chemical snow (chemtrail) programs? just pi*sed away for mansions? parties? alter-space program? weather weapons? stock market manipulation? alien ... any idea?...

This is getting interesting.

sammytray · 05-13-2009, 05:35 AM

WAKE UP CALL

Christo888 · 05-13-2009, 05:45 AM

Quote:

Originally Posted by no caste

wow - Inspector General Elizabeth Coleman of the Federal Reserve.

She didn't look under mind control to me. She looked like an idiot. She also had goons behind her, one whispering in her ear. I guess that's 'advice.' In Canada, we have an Auditor General (Sheila Fraser), who's found all sorts of misspending issues with all government parties - I love her. This Inspector General is just full of bifflegab. I've got to hand it to Rep. Alan Grayson for remaining so composed, despite his simple and pertinent questions being evaded with that evasive nonsense.

By the way, what do you suppose the missing $9 Trillion is used for exactly? I've heard the black-black ops are financed by drug money. So this might be, what... chemical snow (chemtrail) programs? just pi*sed away for mansions? parties? alter-space program? weather weapons? stock market manipulation? alien ... any idea?...

This is getting interesting.

I think there's an 888 number you can call and put your name in the hat to receive your share of the unaccounted for, ooops, I mean put aside, monies.

Carol · 05-13-2009, 02:24 PM

This **** wouldn't be happening if something else bigger wasn't going on with the dark side of government.

Last night on Coast Skousen was talking about how Russia plans a preemptive nuclear strike against America, he declared, by targeting such cities as Long Beach, San Diego, Seattle, Colorado Springs, Kansas City, Amarillo, Norfolk, Jacksonville, Kings Bay, GA, and Omaha, which all have military presences, as well as Washington D.C.

05-13-2009, 02:32 PM

There's a difference between not being able to account for the money and not wanting to account for it. Yep black ops being funded is my guess.

burgundia · 05-13-2009, 03:05 PM

if you want to find the money...look underground....

Northern Boy · 05-13-2009, 03:34 PM

Quote:

Originally Posted by no caste

wow - Inspector General Elizabeth Coleman of the Federal Reserve.

I think we should change her Job title to Chief Inspector General

micjer · 05-13-2009, 04:22 PM

Good post. I mean really, should any of us be surprised by the fact that it is unaccounted for. This whole thing was a scam from the beginning.

$30,000 per every man woman and child in the US, and with interest! But people aren't slaves. Ya ok!!!!

Steve_A · 05-13-2009, 05:38 PM

Hi peaceandlove,

It's very interesting reading about the FED not being able to account for US$ 9 Trillion.

The last time I heard anything similar was with the Pentagon not accounting for, I think, 2.5 big ones and we all know what happened there.

I think when HR 1207 gets too hot to handle......

Best regards,

Steve

Quote:

Originally Posted by peaceandlove

Federal Reserve Cannot Account for $9 Trillion

Posted by dynamic75 on 05/12/09 4:04 PM

This is just one more reason for HR 1207. The federal reserve has destroyed our economy long enough. Now they have $9 trillion in taxpayer money that they cannot account for.

peaceandlove · 05-14-2009, 01:06 AM

Mike at Fever I Am youtube channel:

Don't Panic! Oh BTW, the New York Fed is Private - in MSM!

Linked here is also the video of Inspector General Elizabeth Coleman of the Federal Reserve.

See articles linked under more info section regarding the exposure of the Fed not being a government agency.

Video (4:18):

orthodoxymoron · 05-14-2009, 01:30 AM

Did anyone notice the comments by Joseph Farrell(Project Camelot interview) regarding the financial crisis and the level of panic he was seeing? This was tied into the discussion of the Nazi Bell and secret technology programs. I don't remember the details. This is a great interview, by the way.

I'm getting more and more afraid as I look more closely at the condition of our world and the people living on it. I tend to think that the underground alien stuff is out of control...and that the elites and insiders are even more afraid than I am. I tend to think that non-humans are demanding and orchestrating the push for a New World Order. I tend to think that the quicker we get rid of the secrecy...the better off we will all be. This seems to be happening presently. That which has been hidden is being revealed...unofficially...which is probably as it should be. Go good insiders!

sammytray · 05-14-2009, 05:28 AM

Quote:

Originally Posted by burgundia

if you want to find the money...look underground....

Wheres the beef? Look under the pickle

oldpaganfreak · 05-14-2009, 06:01 AM

Quote:

Originally Posted by sleepingnomore

There's a difference between not being able to account for the money and not wanting to account for it. Yep black ops being funded is my guess.

the federal reserve is not a govt agency. they don't fund black ops. they just line pockets for rich folks.

peaceandlove · 05-16-2009, 10:01 PM

Quote:

Originally Posted by Steve_A

Hi peaceandlove,

It's very interesting reading about the FED not being able to account for US$ 9 Trillion.

The last time I heard anything similar was with the Pentagon not accounting for, I think, 2.5 big ones and we all know what happened there.

I think when HR 1207 gets too hot to handle......

Best regards,

Steve

Hi Steve,

Right...... Problem, Reaction, Solution - > WAR!

At the end of the video you posted there was a link to Aaron Russo

talks with Ron Paul about the Federal Reserve.

Partway into the video it showed the value of a 1955 home at $27,000 and in 2005 that same home had a value of $1,295,000.

Of course, no thanks to the Fed for pushing the computer button that magically produces billions of dollar out of thin air. Unfortunately inflation is the hidden tax that people scarcely fathom as consuming the "fruits of their labor".

Excerpts:

Quote:

"The dollar today is actually worth about 4 cents, despite the fact the government, the Federal Reserve and the media keep telling us that they're protecting the value of the dollar. This is a lie" -Aaron Russo

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation, There is no safe store of value...
...[Gold] stands as a protector of property rights." -Alan Greenspan "Gold and Economic Freedom" (before he went to work for the Federal Reserve System)

"Paper is poverty...it is only the ghost of money, and not money itself." -Thomas Jefferson

"There is no audit. Congress ignores their responsibility to do any oversight." -Ron Paul

"The President really has NO control, nor does the congress have ANY control over this cartel, it just has the appearance of control." -G. Edward Griffin

"I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies." -Thomas Jefferson

Posted on youtube March 10, 2007

Aaron Russo talks with Ron Paul A good short video to share with others who have no idea about the private Federal Reserve.
Video (7:10): http://www.youtube.com/watch?v=styYI...layer_embedded

05-13-2009, 04:42 AM	#2
Carol Project Avalon Hero Join Date: Sep 2008 Location: Big Island, Hawaii Posts: 2,008	Re: Federal Reserve Cannot Account for $9 Trillion Gawd! This is so fricking outrageous. Just more money being drained to black ops and what do they need so much money for this time? __________________ Aloha, thank you, do jeh, toda, arigato, merci, grazie, salamat po, gracias, tack, sukria, danke schoen, kiitos, dank u, mahalo nui loa Images to nourish the spirit: http://mistsofavalon.invisionplus.ne...&showtopic=198

05-13-2009, 05:01 AM	#3
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Federal Reserve Cannot Account for $9 Trillion Hi Carol, Have you seen this video yet of the questioning about One Trillion. I had posted it under the HR 1207 Federal Reserve Transparency Act. Does it appear to you that she is under mind control? Here it is: Is Anyone Minding the Store at the Federal Reserve? Video (5:26): http://www.youtube.com/watch?v=PXlxB...layer_embedded Why We Need HR 1207 Here's an excerpt from Ryan Grim's (The Huffington Post) coverage of this hearing: The inspector general tasked with overseeing and auditing the Federal Reserve knows pretty much nothing about what the Fed is doing. That's the conclusion that comes from watching the exchange Tuesday between Rep. Alan Grayson (D-Fla.) and inspector general Elizabeth A. Coleman. Coleman could not tell Grayson what kind of losses the Fed has so far suffered on its $2 trillion portfolio, which has greatly expanded since September.... Read the rest here. Included in the article is the Inspector General's defense of her position, excerpted below. Let me clarify a common misconception about my office's responsibilities. By law, we are the Office of Inspector General for the Board of Governors only. I am not the Inspector General for the 12 Reserve Banks. The lending programs operated by the Reserve Banks expanded the Federal Reserve's balance sheet.... As part of her defense, Inspector General Coleman mentions that the Federal Reserve is audited by the Government Accountability Office (GAO). Paul-Martin Foss, Congressman Paul's Financial Services legislative aide, explained in a briefing back in March that the GAO is quite limited in the audits they can conduct (limitations that HR 1207 would remove). Speficially, the GAO is not allowed to audit: (1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization; (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations (3) transactions made under the direction of the Federal Open Market Committee; or (4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)-(3) of this subsection. For more information, see Andrew Ward's post on the briefing here. See Source: http://www.campaignforliberty.com/blog.php?view=17715 Last edited by peaceandlove; 05-13-2009 at 05:09 AM.

05-13-2009, 05:33 AM	#4
no caste Guest Posts: n/a	Re: Federal Reserve Cannot Account for $9 Trillion wow - Inspector General Elizabeth Coleman of the Federal Reserve. She didn't look under mind control to me. She looked like an idiot. She also had goons behind her, one whispering in her ear. I guess that's 'advice.' In Canada, we have an Auditor General (Sheila Fraser), who's found all sorts of misspending issues with all government parties - I love her. This Inspector General is just full of bifflegab. I've got to hand it to Rep. Alan Grayson for remaining so composed, despite his simple and pertinent questions being evaded with that evasive nonsense. By the way, what do you suppose the missing $9 Trillion is used for exactly? I've heard the black-black ops are financed by drug money. So this might be, what... chemical snow (chemtrail) programs? just pi*sed away for mansions? parties? alter-space program? weather weapons? stock market manipulation? alien ... any idea?... This is getting interesting.

05-13-2009, 05:35 AM	#5
sammytray Avalon Senior Member Join Date: Oct 2008 Location: OC/CALIFORNIA Posts: 587	Re: Federal Reserve Cannot Account for $9 Trillion WAKE UP CALL

05-13-2009, 02:24 PM	#7
Carol Project Avalon Hero Join Date: Sep 2008 Location: Big Island, Hawaii Posts: 2,008	Re: Federal Reserve Cannot Account for $9 Trillion This **** wouldn't be happening if something else bigger wasn't going on with the dark side of government. Last night on Coast Skousen was talking about how Russia plans a preemptive nuclear strike against America, he declared, by targeting such cities as Long Beach, San Diego, Seattle, Colorado Springs, Kansas City, Amarillo, Norfolk, Jacksonville, Kings Bay, GA, and Omaha, which all have military presences, as well as Washington D.C. __________________ Aloha, thank you, do jeh, toda, arigato, merci, grazie, salamat po, gracias, tack, sukria, danke schoen, kiitos, dank u, mahalo nui loa Images to nourish the spirit: http://mistsofavalon.invisionplus.ne...&showtopic=198

05-13-2009, 02:32 PM	#8
sleepingnomore Guest Posts: n/a	Re: Federal Reserve Cannot Account for $9 Trillion There's a difference between not being able to account for the money and not wanting to account for it. Yep black ops being funded is my guess.

05-13-2009, 03:05 PM	#9
burgundia Avalon Senior Member Join Date: Oct 2008 Location: Poland Posts: 3,442	Re: Federal Reserve Cannot Account for $9 Trillion if you want to find the money...look underground....

05-13-2009, 04:22 PM	#11
micjer Avalon Senior Member Join Date: Sep 2008 Location: Ont. CANADA Posts: 1,043	Re: Federal Reserve Cannot Account for $9 Trillion Good post. I mean really, should any of us be surprised by the fact that it is unaccounted for. This whole thing was a scam from the beginning. $30,000 per every man woman and child in the US, and with interest! But people aren't slaves. Ya ok!!!!

05-14-2009, 01:06 AM	#13
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: Federal Reserve Cannot Account for $9 Trillion Mike at Fever I Am youtube channel: Don't Panic! Oh BTW, the New York Fed is Private - in MSM! Linked here is also the video of Inspector General Elizabeth Coleman of the Federal Reserve. See articles linked under more info section regarding the exposure of the Fed not being a government agency. Video (4:18):

05-14-2009, 01:30 AM	#14
orthodoxymoron Avalon Senior Member Join Date: Oct 2008 Location: Lunar Base II Posts: 3,093	Re: Federal Reserve Cannot Account for $9 Trillion Did anyone notice the comments by Joseph Farrell(Project Camelot interview) regarding the financial crisis and the level of panic he was seeing? This was tied into the discussion of the Nazi Bell and secret technology programs. I don't remember the details. This is a great interview, by the way. I'm getting more and more afraid as I look more closely at the condition of our world and the people living on it. I tend to think that the underground alien stuff is out of control...and that the elites and insiders are even more afraid than I am. I tend to think that non-humans are demanding and orchestrating the push for a New World Order. I tend to think that the quicker we get rid of the secrecy...the better off we will all be. This seems to be happening presently. That which has been hidden is being revealed...unofficially...which is probably as it should be. Go good insiders! Last edited by orthodoxymoron; 05-14-2009 at 01:35 AM.