The Fed is constantly making moves for the benefit of the *global* economy, which may or may not be the best moves for the sovereign economy of the United States ( which hardly is sovereign any more, thanks in large part to the Fed ).
The existing audit is not an audit at all. The Fed holds all the cards. It would be like if an individual faced an IRS audit and escaped any questions about sources of income or distribution of write-offs and expenses. The Fed delivers a 'black box' financial report just like the 'black box' financial reports that enabled Enron to hide what they were up to for years.
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December
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- Innovations?
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- Why Not Default?
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- Keynes Was A Globalist And Probably A Communist
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- The Bureaucratic System Is Un-Democratic
- Liberals In Fantasy World Continue To Insist That ...
- Let The Skies Open Up
- Cold > Flu? No.
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- The Fed Puts Global Interests Above National Inter...
- Nothing Amiss?
- Principles Of Sound Money
- Borrow More To Grow?
- Origins Of The Internet
- Globalization's Failure for America
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- Two Kinds Of Money- Neither Is Free
- Government Is Not An Investor, Part 2
- Government Is Not An Investor
- The Myth Of Government As Private Sector Job Creator
- No Such Thing As A 'Climate Denier'
- Medieval
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- Phony Leftist Environmentalists Silent About Envir...
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- The Sweat Did Not Warm The Horse
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- America Without A Middle Class
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- ClimateGate's Phil Jones Resigns
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December
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Sunday, December 13, 2009
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