Senate OK's one time audit-the-fed measure...FINALLY

[werepossum]

it's not an audit but it is oversight (which is what you claimed isn't done). it's not the fed's fault (or any other bureaucracy run by intelligent people) that the majority of the overseers have not the first clue what that bureaucracy does and don't really care to know.


what, exactly, do people hope to accomplish by auditing the fed?

For myself I hope to identify and remedy those areas of corruption and/or unwitting law breaking that seep into any human enterprise, rather than play political theater with them.

 

[JS80]

A true full audit of the Fed will bring down the entire monetary system. So naturally this audit is fully neutered.

 

[LegendKiller]

I should add that to my sig, directly after your other comment I sig'd.

I do like how you take a snippet out of context as to mislead the reader of your sig to the meaning of the sentence. That is quite Faux-Newsish of you. Your spinster overlords would be happy.

Tell me, does quoting out of context come naturally for somebody like you or do you need to listen to a bit of Rush to get the hang of it?

 

[bamacre]

I do like how you take a snippet out of context as to mislead the reader of your sig to the meaning of the sentence. That is quite Faux-Newsish of you. Your spinster overlords would be happy.

Tell me, does quoting out of context come naturally for somebody like you or do you need to listen to a bit of Rush to get the hang of it?

LOL, how is it out of context? Let me know what you meant, and I'll remove it from my sig.

And LOL at the Fox News and Rush references. That's quite Dave McOwen of you.

 

[blackangst1]

A true full audit of the Fed will bring down the entire monetary system. So naturally this audit is fully neutered.

Im not so sure. It may reveal what we suspect, on a grander level, but, really, what could be done? I may be wrong on this, and would love it cited, but I dont believe congress has legislative authority over the fed. Sure, the fed sits in congressional commitee meetings, but if you watch The Fall of The Republic, you will see footage of those meetings...you will see senators asking Bernanke how much was given to what banks, and when. Bernanke basically said I dont know, and if I did, I dont have to tell you.

Anyway.

 

[LegendKiller]

LOL, how is it out of context? Let me know what you meant, and I'll remove it from my sig.

And LOL at the Fox News and Rush references. That's quite Dave McOwen of you.

Don't be obtuse. You know exactly what I mean. The placement of that sentence in the middle of the paragraph creates the context, by removing that sentence it is open to wide interpretation, which is what you intend.

You deliberately intend it to show that I think the bankers will win against everybody and every thing, not against the idiot congressmen the fools of this country keep electing. It is up to the people of the country to elect smart people who can deal with the bankers and treat them with respect, not "gotcha".

That is the context. Instead, you love the "gotcha", just like the people, which is why you quoted out of context.

Again, very Faux-newsish of you. You really got me.

 

[Delita]

I can't wait to hear a news report about S-E-X and the F-E-D.

"Last week an audit revealed that high ranking Federal Reserve employees spent up to 8 hours a day downloading porn..."

Do you have a link to this?

Edit: Realized you are just making shit up.

 

[ElFenix]

LOL, how is it out of context? Let me know what you meant, and I'll remove it from my sig.

And LOL at the Fox News and Rush references. That's quite Dave McOwen of you.

removing a sentence from its surrounding paragraph is the definition of taking out of context. why do people have a hard time with this? it was like the radio host last week taking some sports quote out of context. after being accused of taking the quote out of context he read only the one sentence yet again and asked how he was taking it out of context.

 

[hal2kilo]

Why do I get the feeling that auditing the FED falls under the category:

Carefull what you wish for.

Maybe we don't want to know that moths just fly out of the vault.

 

[bamacre]

It is up to the people of the country to elect smart people who can deal with the bankers and treat them with respect, not "gotcha".

...

The biggest problem is that the smartest go to where the money is, banking. Add to that the amount of shit a politician needs to deal with, the scrutiny and attacks, it's little wonder why smarter people don't go into politics.

 

[LegendKiller]

...

So then you put it into context but keep the sig out of context? Seriously, this is *EXACTLY* my point. Fuckwits like you love to attack people by quoting them out of context in a "gotcha" moment, merely because you want to attack THEM and not their points. This is why smarter people don't even want to go into politics. Why the fuck should I have to deal with somebody like you butchering a perfectly valid point for a "gotcha" moment, or some moron like xjohnx calling me a "lovely human" because he can't debate logically.

You are guilty of my exact point and proved it as a very valid one. Now you're claiming innocence but doing so by proving the point again.

What the fuck is wrong with you?

 

[werepossum]

Do you have a link to this?

Edit: Realized you are just making shit up.

Then evidently he's all powerful 'cause I heard that same story on the radio.

 

[bamacre]

So then you put it into context but keep the sig out of context? Seriously, this is *EXACTLY* my point. Fuckwits like you love to attack people by quoting them out of context in a "gotcha" moment, merely because you want to attack THEM and not their points. This is why smarter people don't even want to go into politics. Why the fuck should I have to deal with somebody like you butchering a perfectly valid point for a "gotcha" moment, or some moron like xjohnx calling me a "lovely human" because he can't debate logically.

You are guilty of my exact point and proved it as a very valid one. Now you're claiming innocence but doing so by proving the point again.

What the fuck is wrong with you?

LOL, it's not out of context. I mean, do you disagree with the statement by itself? I don't, and I've already noted that in this thread. In fact, I can't recall in this thread where we have disagreed. Other than you getting your panties in a wad because I've sig'd statements you made. And again, they're not out of context, and I'm very aware of what that means. Neither of your statements in my sig are out of context. If you don't like people quoting things you say, don't say it. Pretty simple.

 

[LegendKiller]

LOL, it's not out of context. I mean, do you disagree with the statement by itself? I don't, and I've already noted that in this thread. In fact, I can't recall in this thread where we have disagreed. Other than you getting your panties in a wad because I've sig'd statements you made. And again, they're not out of context, and I'm very aware of what that means. Neither of your statements in my sig are out of context. If you don't like people quoting things you say, don't say it. Pretty simple.

You know exactly what you're doing. The statement itself, in isolation and out of context, can be misconstrued, which is your purpose.

Again, the "gotcha" nature of this type of discourse is why most smart people don't want to deal with people like you. Instead of quoting the entire post, showing the context, so people can understand everything, you quote out of context to gain a favorable statement.

Then you further prove my point in your 2nd to last sentence. If smart people are quoted out of context and don't like what happens their only recourse is to not say anything at all.

You are the problem. Thanks for proving that.

 

[JS80]

Im not so sure. It may reveal what we suspect, on a grander level, but, really, what could be done? I may be wrong on this, and would love it cited, but I dont believe congress has legislative authority over the fed. Sure, the fed sits in congressional commitee meetings, but if you watch The Fall of The Republic, you will see footage of those meetings...you will see senators asking Bernanke how much was given to what banks, and when. Bernanke basically said I dont know, and if I did, I dont have to tell you.

Anyway.

If it reveals what we suspect, the panic it would cause would rock the markets.

Even if its a sound balance sheet, why would we want to give away the secret formula? Remember what happened on Thursday? Some conspiracy theorists are saying that it was an act of "financial terrorism" by HFTs. Can you imagine if "they" saw the secret formula? You will have hundreds of Soros's trying to manipulate the market.

 

[Special K]

A true full audit of the Fed will bring down the entire monetary system. So naturally this audit is fully neutered.

If it reveals what we suspect, the panic it would cause would rock the markets.

Why would it bring down the market? What exactly are investors afraid of?

 

[TruePaige]

Why would it bring down the market? What exactly are investors afraid of?

Really?

What are they afraid of?

The same things we all suspect China of hiding...:sneaky:

 

[bamacre]

You know exactly what you're doing. The statement itself, in isolation and out of context, can be misconstrued, which is your purpose.

Again, the "gotcha" nature of this type of discourse is why most smart people don't want to deal with people like you. Instead of quoting the entire post, showing the context, so people can understand everything, you quote out of context to gain a favorable statement.

Then you further prove my point in your 2nd to last sentence. If smart people are quoted out of context and don't like what happens their only recourse is to not say anything at all.

You are the problem. Thanks for proving that.

LOL, ok fine, it's gone.

But it wasn't out of context, and it is not a "gotcha" statement. You don't, I don't, nor anyone with a half a brain would disagree with that statement by itself. That alone says it's not a "gotcha" statement. And nor was that the intention. The significance was that it was YOU saying it, you admitting it. It's irony. Because that's the very reason why a lot of financial regulations don't work, why Congress should never manage the economy, much less the money supply. Because their constituents don't have, and shouldn't have to have, the education and knowledge to make sure they're doing the right things. So who decides what they do? Well, the bankers, to start. That's the irony, and that's why you got sig'd.

And to say that I am the problem we don't have smart people in office because of "gotcha" statements is just obviously absurd. And you know it. I'm a fan of arguably the biggest victim of "gotcha statements" in DC.

 

[Darwin333]

Don't be obtuse. You know exactly what I mean. The placement of that sentence in the middle of the paragraph creates the context, by removing that sentence it is open to wide interpretation, which is what you intend.

You deliberately intend it to show that I think the bankers will win against everybody and every thing, not against the idiot congressmen the fools of this country keep electing. It is up to the people of the country to elect smart people who can deal with the bankers and treat them with respect, not "gotcha".

That is the context. Instead, you love the "gotcha", just like the people, which is why you quoted out of context.

Again, very Faux-newsish of you. You really got me.

So as long as the people elect idiots into Congress its ok, or at the very least we can expect, the banksters to continue fucking over everyone with blatantly fraudulent acts that amazingly seem to go unpunished? Gotcha.

BTW, are you sure intelligence is the reason the banksters get to defraud people and the United States government itself and that bribery, legal or not, has nothing whatsoever to do with it?

 

[blackangst1]

If it reveals what we suspect, the panic it would cause would rock the markets.

Even if its a sound balance sheet, why would we want to give away the secret formula? Remember what happened on Thursday? Some conspiracy theorists are saying that it was an act of "financial terrorism" by HFTs. Can you imagine if "they" saw the secret formula? You will have hundreds of Soros's trying to manipulate the market.

Well, yeah I understand. I never said I would think it was a great idea for an audit AND full public disclosure. That I disagree with.

 

[DAGTA]

The Fed needs to be dissolved. It's in violation of the constitution of the USA.

 

[Delita]

Then evidently he's all powerful 'cause I heard that same story on the radio.

You sure it wasn't the SEC?

But feel free to prove me wrong.

 

[LegendKiller]

The Fed needs to be dissolved. It's in violation of the constitution of the USA.

How?