Anyone that thinks the world's important financial markets still believe that the Fed is using any kind of sane reserve ratio is mistaken!
The world knows the Fed is broke. They know that the game is a farse! So why do they still play it? Because it's the only game that is played! It's been played for 100's of years and if you know how to play it you can make lots of money!
The only thing auditing the Fed will do is WASTE TIME. The audit would be held up and lost in endless government bureaucracy. It would be an excuse for politicians say they are doing something. Years later we would find out what we already know and nothing would change, because no one cares and no one would be surprised.
Saturday, July 28, 2012
Don't Audit The Fed!!!
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