Radiance3

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Very common during those days. The old discipline did very well. I was there, and students were well behaved, and they respected the teachers and adults.

When I was in school, seldom saw kids fighting each other. Now it is worst always fighting each other, while nobody come to stop them.

I still hope and pray, we return back to the old ways how children are trained and brought up.

That is why it is very important that we change our course back to the discipline that our parents and teachers did for us.
Electing Donald Trump would be a good start. He was trained by his father to work and be responsible.

President Trump was born in NYC. He was one of the intrapreneurs who made the sky lines of NYC beautiful. He was one of the builders of NYC that made one of the most beautiful financial centers of the world.

Now new groups of people came in in NYC. Trump and his family are being driven away, accused and financially looted.

Oldsalt

You pretty well hit the nail on the head. In my humble opinion this is also why we are have the mass shootings that are going on. Back when I was a kid a lot of us had guns in the car or truck when we went to school but, no one thought about shooting up the school.

Oldsalt

How in the hell does that fit into the discussion? Your hatred of President Trump goes beyond belief. Can you talk of nothing else?

joe momma

......secular implies bereft of principles......

Steven smith

Knightlady

Speaking of fights, when I went to school if there was a dispute, a time and place was set after school and if still wanted the fist o cuffs was to be had with most of the high school showing up to cheer whomever on. ( it was a small town)

Radiance3

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That happens in high schools.
I just hope they don't kill each other. Training like Mohammad Ali is okay. Fighting for a cause worthy to preserve and protect that I support young men fighting. They become brave and dependable.

Knightlady

Well, no one died. The guns stayed in the back windows of the pickups.

It was normal high school boy stuff, mostly over a girl or something that did/didn't happen at the Friday night football game.

So, for them, it was to preserve and protect, I imagine

Radiance3

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Since President Wilson in 1917, our Financial Accounting Office had changes made to enhance reports and to provide protection. However, I can see several violations of the system.

We have the Office of the GAO, General Accounting or Auditing Office reporting to the Controller General. The Financial Statement they prepare is directly reported to Congress every year-end. Since Congress appropriates what must be expended, they base their decisions from the Financial Reports presented to them by GAO every year.

Something is missing and I think it is wrong. No one in Congress really questions how those figures on the Financial Reports were created. They just rely on the figures presented.

For Accounting and Auditing policies and procedures, there is a guideline that follows officially to ensure accuracy and validity how all the figures reported. All must follow the
GAAP and the GASB applications. (General Accounting Standard Board) and (Generally Accepted Accounting Principles. ) But the Controller's Office does not question this?

Auditing policies and procedures require Internal Control System.

These are policies and procedures to prevent fraud and to accurately record and track down all information supported by verifiable documents, at the year-end Financial Statements.

The Year-end Financial Statements are the reports submitted to Congress where Congress base upon their appropriation for every department, or to any project that needs to be funded.

I think they have lots of problems how these are handled. How they report revenue, and control expenditures. Why is it that Joe Biden could just print massive amount of money. These are not proper accounting application. These must not be allowed. Printing money without order from Congress is a violation.

If they set up Internal Control system, one of the previsions not allowed must be the printing of money to maintain expenditures without appropriation.

That is why we are running on a budget deficit way up high, and people are surprised as Democrats deny any wrongdoing.

The unauthorized printing of money so Joe Biden could buy votes, or redistribute funds for his reelection bid is in violation of proper accounting applications. It must stop unless orders comes from Congress. This must be part of Internal Control System/

Why nobody complains about this, because they don't understand that it is against proper accounting application.

I will discuss sometime about the Federal Reserves. How it functions and affect our monetary policies.

CounterRevolutionary

We do know about the additional $16 Trillion the Fed printed up out of thin air to bail the European Union government central banks out in 2009 after the international housing market collapse. (That's equivalent to our 2009 entire GDP which reduced the purchasing power of the dollar to 60Cents.)

The Federal Reserve System straddles the fence. When the people cry out for an audit, they say, "oh, no, we are a private bank." When they want to start currency wars and a race to the bottom, then they pretend it is the order of the Executive Branch.

01.11.2024
"Grassley & Paul Seek To Audit The Fed"
WASHINGTON – Sen. Chuck Grassley (R-Iowa) joined Sen. Rand Paul (R-Ky.) in reintroducing the Federal Reserve Transparency Act, legislation to hold the U.S. central bank accountable to the American people.
https://www.grassley.senate.gov/news/news-releases/grassley-and-paul-seek-to-audit-the-fed

“ 'The Fed’s actions significantly affect our economy and Americans’ spending flexibility. It only makes sense that Congress and the taxpayer have insight into the factors that influence inflation and interest rates, which directly impact Iowans’ pocketbooks. Our bill would provide a sensible window into Fed practices,' Grassley said.

“ 'No institution holds more power over the future of the American economy and the value of our savings than the Federal Reserve,' Paul said. 'It’s long past time for Congress to stop shirking its duty and hold the Federal Reserve accountable.'

"The Federal Reserve Transparency Act would require the nonpartisan, independent Government Accountability Office (GAO) to thoroughly audit the Federal Reserve System’s Board of Governors and reserve banks within one year of enactment and report back to Congress within 90 days thereafter. Specific areas that would be subject to GAO auditing follow:

"Transactions for or with a foreign central bank, foreign government or nonprivate international financing organization;
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;
Transactions made under the direction of the Federal Open Market Committee;
Discussions? or communications? among or between members of the? Federal Reserve? Board and officers and employees of the Federal Reserve System related to? the actions listed above.?
Grassley and Paul are joined by Sens. Todd Young (R-Ind.), Mike Lee (R-Utah), Ted Cruz (R-Texas), Mike Braun (R-Ind.), Jim Risch (R-Idaho), Roger Marshall (R-Kan.), John Barrasso (R-Wyo.) and Marsha Blackburn (R-Tenn.).

"Stakeholder supporters include FreedomWorks, National Taxpayers Union, Taxpayers Protection Alliance, Frontiers of Freedom Institute, the Ron Paul Institute, Brownstone Institute, Heritage Foundation, Campaign for Liberty and Americans for Limited Government.
Bill text is available HERE."

It's been 111 years and the Fed has yet to be fully audited. This is an unconstitutional Marxist government central bank designed to cheat people out of the fruits of their labor, their hard honest work, stuck on the government plantation trapped in the ghetto in a game of Darwin's survival of the fittest. The poor can never work their way out of poverty. The money we make today is systematically devalued tomorrow. And then the GD Democrats pitch socialism as the solution after turning us into beggars?

Audit the Fed, Abolish the Fed. Then shut down the United Nations and its Agenda 2030 to reduce the world population to a "sustainable 2 billion" by killing off 6 billion through endless wars. The easiest way to cure the world of disease and poverty will be to rid the world of socialism and communism. It has not worked in the past. It does not work now. It was never intended to work.

Shut down that counterfeiting bank. Turn off the Bubble Machine.

Radiance3

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Continuation. Let's proceed to the Federal Reserves:

Since the Federal Reserves is a long-complicated process I will just give a brief background and summary before we demand what are necessary.

Why was the Federal Reserves created?
The purpose.
1. The Fed Reserves' purpose was to provide the nation with stable, flexible, monetary policy of the national financial system. Promotes effective operation of the US economy and specially the general public.

There are 12 Member Banks all over the country. The Federal government use the Reserve Bank called the Central Bank of the US government. This is located in Washinton DC.

Now who owns the Federal Reserves? The US government does not own the Federal Reserves.

How it was created, and why it is called Corporation.
When the Federal Reserve Banks were created in 1917, the government did not fund it. The initial creation was by offering shares of stocks to various banks. The member banks bought the shares of stocks and how it was initially funded. Member banks do not receive profits on the operation of the Reserve Banks, but they are provided annual dividend on the shares of stocks that they own.

How does the Federal Reserve earn to fund its operation?
The Federal Reserve is not funded by congressional appropriations. Its operations are financed primarily from the interest earned on the securities it owns—securities acquired in the course of the Federal Reserve's open market operations.

Who runs the Federal Reserve?
There are 7 Board of Governors appointed by the President and confirmed by the Senate. Duration of their official duties are 14 years.
Current Chairman of the Board is Powel. He reports directly to Congress.

The Federal Reserve Bank is called the Central Bank of the United States is located in Washington DC. This is the Bank where our financial and monetary system are kept and deposited.

Does the government receive funding from the Federal Reserves?
The Government receives earnings from the Federal Reserve System's lending to financial institutions, fees for permits and regulatory and judicial services, and from gifts and contributions. It is reported to Congress.

Functions of the Central Bank.
When the IRS collects money from us, the taxpayers, the US Treasury which oversee the IRS, deposits the money to the Central Bank located at Washington DC.

You've brought up a very important question.
There is a very important reason, why the Federal Reserve Banks need to be audited. This is where our money is kept in the Central Bank.

They made a mistake. One of the policies provided must be the proper accounting and auditing, how this money is monitored, and controlled.

Nothing has been done since it was created. A big mistake.

Was it done on purpose? I really am not sure.

I am very interested that Senator Rand Paul, and other Senate members demand that there must be audit on the Federal Reserve. This is a very important internal control system that is missing.

We the people must demand to our elected Representatives to create a policy that will accurately maintain our monetary system. Nothing has been done for hundreds of years.This policy must be implemented.

We could not eliminate the Federal Reserves. The Reserve Banks don't belong to the government. It belongs to all bank members who owns the shares when the Federal Reserves were first created. That is why it is called a corporation.

eagleye13 Loc: Fl

A lot of good accurate information.
The Federal Reserve System/banks is a private corporation owned by the international banking families.
Americans pay never ending interest for the use of their "money". he debt is now 30 some Trillions.
US Notes would not incurr more debt.
That is why the banksters will not allow that.This fraud on the citizens of the USA violates Article 1, Section 10 of the Constitution. Only Consress shall have the power to coin and regulate our currency.
This fraud has allowed American citizens to be turned into a class of indentured servants.

Oldsalt

It is very sad but very true. We area an indentured servants to the federal Government via the Federal Reserve and taxation. Unless we get control of the swamp our country is doomed.

Radiance3

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The Federal Reserves is both Private and Government.

Private for the fact that it was originally funded and incorporated by private shareholder banks who've bought the stocks offered. They don't receive interest to their holdings but dividend.

Government because it is managed by the Appointed 7 Board of Governors approved by the Senate, and directly reports to Congress.

Bank authorization comes from the management of these Borad of Directors.

Head is of course Powell, who decides how interest rates are implemented according to the economic performance. [/b]

Article I, Section 8, Clause 5:
[The Congress shall have Power ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.

Who does the Coinage?
U.S currency is produced by the Bureau of Engraving and Printing and U.S. coins are produced by the U.S. Mint. Both organizations are bureaus of the U.S. Treasury.

US Treasury reports to the Controller who directly reports to Congress.

The Role of the Federal Reserve
The Federal Reserve Board is the issuing authority for Federal Reserve notes and ensures that there is enough cash in circulation to meet the public's demand.

The Federal Reserve Banks distribute, receive, and process Federal Reserve notes and distribute and receive coin through depository institutions.

The Federal Reserve Bank cash offices provide cash services to approximately 8,400 banks, savings and loans, and credit unions in the United States. The remaining depository institutions obtain currency and coin from correspondent banks rather than directly from the Federal Reserve. Together, the Board and the Reserve Banks work to maintain confidence in and the integrity of U.S. currency.

The amount of currency in circulation depends on the public's demand for currency.

Domestic demand largely results from the use of currency in transactions and is influenced primarily by prices for goods and services, income levels, and the availability of alternative payment methods. Domestic demand for currency, however, accounts for only part of the total demand.

Foreign demand is influenced primarily by political and economic uncertainties.

The Federal Reserve estimates that between one-half and two-thirds of the value of U.S. currency in circulation is held abroad. Some residents of foreign countries hold dollars as a store of value, while others use it as a medium of exchange.
The massive rise of our National Debts, now at $34.67 trillion, our currency majority of our funds now held by the Lenders. China, European banks, Japan, and local and private companies and banks within the US.

My concern now is, now that the US economy so depleted with an overwhelming National Debts, value of the currency those people abroad could not depend on the dollar as value of the dollar continues to decline.

All due to the Stupid Joe Biden who locked up a very high National Debts. Unless we could correct that, America is no longer the leading country holding the national currency.

That is why it is very urgent and necessary that we elect Donald Trump who could fix these massive problems that we have. It may take time due to the magnitude of these problems created by Joe Biden.

Radiance3

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Correction: Woodrow Wilson Act must be in 1913.