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Old 03-12-2010, 12:00 AM   #203
Avalon Senior Member
Join Date: Sep 2008
Location: Turtle Island
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Default Re: HR 1207 UPDATES "The Federal Reserve Transparency Act"

Lot's of activity last few days.....

Stop the Federal Reserve From Shredding Its Records

Posted by Matt Holdridge on 03/10/10 11:47 AM

Robert Auerbach, a professor of public affairs at the University of Texas at Austin and author of the book "Deception and Abuse at the Fed" recently wrote an article on the Huffington Post outlining The Federal Open Market Committee at the Fed and their ability to destroy source records.

In the article:

Should the policymaking committee of the most powerful peacetime entity in the United States government be allowed to destroy their source records? The Federal Open Market Committee of the nation's central bank, an intricate part of the United States government may be continuing to destroy its source records, a policy it began in 1995 with an unrecorded vote -no fingerprints - conducted by then Chairman Alan Greenspan.

...The FOMC controls the nation's money supply, targets short term interest rates and since 1962 took it upon themselves to bypass the Congressional appropriations process and loan money to foreign governments. I have described [in Deception and Abuse at the Fed] how the FOMC mislead the Congress in 1962 when they began this activity...
Read the rest here:

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