Posts: Radiance3 | One Political Plaza

CounterRevolutionary wrote:

Radiance, you asked: br br "Without the Fede... (show quote)

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Overall, the Federal Controller's Office: OCC charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks.

Controller's Office. Must comply with the GAAP and GASP applications.

The Federal Controller's office is responsible for the following:
1. It manages daily appropriations, budget provided by Congress.
2. It creates and manages the government's financial accounting operations and Audit of the GAO. How the proper Accounting and Audit application are handled properly according to the standard requirements.
3. It supervises the Accounting Staff, the Audit Staff, the Treasury Dept., and all the national Debts collection process.
4. It reports to Congress it's performance annually.
5. But overall, it must follow all the Standards of proper Accounting, Internal Control, and Audit applications according to the prescribed Federal Accounting Standard. FASB and the GAAP, and the GAGAS.
1. FASB- Financial Accounting Standard Board.
2. GAAP-Generally Accepted Accounting Principles.
3. GAGAS- Generally Accepted Government Auditing Standard.

The growth of the US and world Economy, we do banking and all banking activities oversight, could not be handled by The CONTROLLER'S OFFICE ALONE.

Here are the Federal Reserve Banks functions.
It is responsible for managing monetary policy.
Regulating the financial system.
Setting interest rates, influencing the supply of money in the economy.

Overall, here is why the Federal Reserve Banks Exist?
The Federal Reserve, the central bank of the United States, to provide the nation with a safer, more flexible, and more stable monetary and financial system.

The Federal Reserve carries out the nation's monetary policy guided by the goals set forth in the Federal Reserve Act, namely "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."

The link between monetary policy and the economy occurs in the market for reserves. Reserves are balances held by depository institutions on deposit at the Federal Reserve Banks and the cash they hold in their vaults.

Certain regulations and policies of the Federal Reserve affect the supply of and demand for reserves, such as those governing reserve requirements and lending by the Federal Reserve Banks to depository institutions.

The Federal Reserve also collects regulatory and supervisory reports from financial institutions and other entities to carry out its various responsibilities.

In addition to their role in monetary policy and banking supervision, each Federal Reserve Bank acts as a bank for banks and for the government.

On the Financial Services
Federal Reserve Financial Services is an integrated organization within the Federal Reserve that is responsible for managing critical payment and securities services that foster the accessibility, integrity and efficiency of the U.S. economy.

Through its relationships with about 10,000 financial institutions nationwide, the Federal Reserve provides equitable access to a system that facilitates more than $5 trillion payments each day.

Central Bank Programs
The Federal Reserve carries out the nation’s monetary policy guided by the goals set forth in the Federal Reserve Act, namely "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."

The Federal Reserve Banks offer a range of tools and information to assist financial institutions in meeting reporting requirements and understanding policies governing reserve balances, term deposits, and discount window lending programs.

U.S. Treasury Services
The Federal Reserve acts as a fiscal agent or bank to the federal government by providing financial services to the United States Department of Treasury and by selling and redeeming government securities such as Savings Bonds and Treasury bills.

Yes, this added information, I must admit to be complete, did not come from my head, but did research to provide complete information. Why the Federal Reserve Banks exit.

(Main)

A reckoning on the way

CounterRevolutionary wrote:

Radiance, you asked: br br "Without the Fede... (show quote)

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And all those you've mentioned need proper procedures, protection and control to keep them safe.

That's why they are all a mess. They don't have what I've stated. And fraud could always come in nobody could detect, until most of them disappear.

(Main)

A reckoning on the way

CounterRevolutionary wrote:

Radiance, you asked: br br "Without the Fede... (show quote)

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Banking is essential to carry on our financial activities with the public. But banking must require proper procedures and control for transparency and protection of the financial matters the public owns. Public means government and private institutions.

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An American Manifesto Draft

Zemirah wrote:

Manning,

I applaud your sentiment as you well articulate our beliefs and values, as well as the necessity of resisting and defeating the demonic ideology and perversions now gripping this land and the degradation it is imposing upon our youth.

The predicament in which "We The People" now find ourselves in this once great nation is doubly bitter for those of us who fought and triumphed over those who would have turned our nation and our world into unrelenting darkness in the mid 20th century, had we not encountered God's favor.

Those of our age, retired seventy, eighty and ninety year olds, who had the great privilege of growing to maturity in the greatest, most productive, most inventive country the world had ever seen, who through the grace of God, rescued the civilized world not once, but twice, from catastrophic World Wars I and II, only to watch in horror as every value we were ever taught in our youth, is now rejected and spit upon.

Your manifesto [public declaration of principles, policies, intentions, and beliefs] is a welcome reminder that in this United States, it is in The Constitution of the United States that the supreme law of the United States legally rests.

This is solely because "We The People," with faith in the righteousness of our cause, and in full assurance of the support of our Creator, fought and bled for our freedom, and ultimately triumphed over a despotic Dictator-King.

Superseding the original seven Articles of Confederation, the nation's first constitution, on March 4, 1789, the U.S. Constitution delineates the national frame of the federal government, and, when legally and lawfully adhered to, constrains the powers thereof.

it is in "We, The People" as screened through our ratified Constitution that all governmental power rightfully, legally and supremely resides, whether being manifested on-our-behalf by an appointed and confirmed administrative governmental official or department head, or a duly elected congress, or president.

Just as you say, all citizens do have the duty and the privilege to provide for themselves and their families; as the Scriptures proclaim in 1 Timothy 5:8: "But if any provide not for his own, and especially for those of his own household, he hath denied the faith and is worse than an infidel."

Although having within our own lives, for the most part personally rejected the evils, both private and public, that you have so aptly enunciated as destroying this nation (principally through the federal government's Department of Education which should never have been created); we, as a free, well clothed, well fed, well entertained and comfortable citizenry, have for the most part, minded our own business for decades, closing our eyes and our minds to the nation's educational system, as the knowledge of values has ceased being taught and the practice of virtue has been systematically drained from succeeding generations of our materially pampered and privileged youth, our own most precious responsibility, and this tottering nation's future hope.

It well may be, and is my fervent desire that God will spare this nation from further decline, and that there will be found sufficient numbers of unwoke, God fearing, mentally heads-on-straight, patriotic, twenty, thirty and forty year old citizens willing to do the physical hard work of rebuilding, as well as fighting militarily for this nation.

Only if God chooses to raise up Donald J. Trump, or a similar leader with his work ethic, skills of negotiation, determination, and love of this nation and its citizens, will this nation ever thrive again.

Finally, if we continue to turn our back upon Israel, as the Biden administration is now doing, God will turn His back upon us.

Manning, br br I applaud your sentiment as you we... (show quote)

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Greatly stated!

(Main)

A reckoning on the way

CounterRevolutionary wrote:

Me thinks you are putting me on.

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Please don't be so sensitive. I don't mean anything like that.

I have my great respect for whatever you've put up here. And I think they are very important.

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A reckoning on the way

CounterRevolutionary wrote:

Well, no, not quite, we want to put all these financial activities under the authority of Congress with passage of Senators Grassley and Rand Paul's Federal Reserve Transparency Act.

Good night to you.

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I was referring to an "AUDIT", introduced by Rand Paul, and other Senators.

You must be talking about a Bill to introduce on "Transparency Act", by Senators Rand Paul, and Grassley.

That Transparency Act must include Audit procedures and control to be fully reliable information. It always requires protocol on proper Internal Control how accounting on Banking of overall financial matters is protected. I believe Rand Paul and Grassley are aware on all those.

If that is the case. And I hope the Senate and the House approve it. And I prefer, it must pass.

(Main)

A reckoning on the way

CounterRevolutionary wrote:

Radiance, you asked: br br "Without the Fede... (show quote)

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And all of these financial activities are under the authority of Congress. We the people are the victims, and I have been having stressful moments at the same time being a victim of these people.

Goodnight. This old woman is now tired.

(Main)

A reckoning on the way

CounterRevolutionary wrote:

Radiance, you write from whom, Wikipedia? Let's lo... (show quote)

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My sources are the proper accounting principles and procedures prescribed on the Accountancy Board.

Where I based upon my decisions are from the Accounting and Auditing textbooks, which I've applied over the years of my career. We consistently carried on for centuries the Financial Accountant and Auditing Standard applications as the guideline.

Financial Consultants, Managers, Accounting professors, Auditors, and Accountants have been using them over the years in all financial activities of every economy not only in the US, but worldwide. I could not change them.

And if you know CPA or an Auditor who does not agree with the Accounting Standards I stated, please let them talk to me.
I'd appreciate that. Thank you.

(Main)

A reckoning on the way

CounterRevolutionary wrote:

Radiance, you write from whom, Wikipedia? Let's lo... (show quote)

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[I] All you've mentioned about are fraud! I am talking about the proper Standard of Accounting and Auditing applications to protect the assets of every business activity. And what you've mentioned did not have one.

What Wikipedia are you talking about? Whatever is written in Wikipedia, those are all valid purposes to serve the banking institutions. I could not revise them. Principle Accounting and Audit applications don't change. They are consistent!

And the Reserve Banks were created for what was written, because that is how it must function to serve its purpose in our economy.

I believe you some have valid points. Those economic activities you've mentioned did not comply with proper protocols of Accounting Procedures and Control. That is why I've suggested that they must have proper accounting control and procedures how to protect those assets. They were not properly handled according to the standard requirements, that is why so much was lost or wasted.

And if fraud is suspected, I can't do anything about that. If accounting protocol was installed, those losses could not have happened, or could be tracked down who did the wrong.

If done on purpose, I can't do anything with that. So, please don't blame me, because all I want is the proper accounting and auditing application policies because these are the arms to protect assets in economic activities, unless purposely done to commit fraud!

Without the Federal Reserve banks who monitor banking system activities, how would you provide reliable information to better financial management?

But as an Accountant, this process is essential to carry on our various economic and financial activities.

However, I recognize the very important US banking needs to audit make revisions, for procedures and controls, hold liable those not in compliance to protect the integrity of our financial activities.

I see that they lack very important controls that do not have the protection and support needed. Was it on purpose? Or the ignorance and laxity of it for their own financial interests.

That is why I support audit, so financial experts recommend further procedures and control how our economic activities are protected and in compliance with the Accounting and Auditing Standards.

Please consult various financial experts, Accountants and Auditors, Accounting professors who I hope will arrive at the same conclusions that I did. if, not, I want to know their decisions.

I doubt if Congress supports the elimination of the Federal Reserves. They want audit. That must be done annually. They know the essential purpose why it was created. Thank you!

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An American Manifesto Draft

manning5me wrote:

Liberals, Your Day is Coming! br br After 12 year... (show quote)

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Those are wonderful manifesto. But with what are happening now under Joe Biden is impossible. We now experience the most violent times and most dangerous times of our lives. This crisis happens because of Joe Biden. Biden has brought this country to the worst condition in history, I've never thought could happen.

But here we are now, trying to survive in all the worst crisis in US history.

Violence and deaths are just lurking behind our shoulders all over, and I feel locked up in my home, afraid to go anywhere.
Watch UCLA, and Columbia U in NYC. It is war zone there. Where rug heads are beating our own people.

Joe Biden has planned to bring to the United States, the Muslim refugees in Gaza. Tens of millions will be here, and this will finalize the realization of Muslims to capture the whole world. The 9/11 Terror attack did not succeed, but Biden easily made it happen without using a finger, but his most stupid dangerous brain being managed by someone. Perhaps a Muslim.

Right there in all our colleges and universities are hundreds of thousands of rug heads, beating our own people, as they confiscate locations of the campuses for their own. Shouting, we are Hamas!

In addition, demanding that the government and taxpayers provide them supplies of food and all what they need to camp and take over America. I think Biden will feed them, using our own money.

As soon as Biden succeeds transforming those Muslims in GAZA to the US, we definitely are taken over. Muslims multiply like rabbits to take over the whole world. That's what they have planned all the way.

US is the final conquest, and then finally US becomes a Muslim territory. Biden did it! Are you happy now Marxist-Democrats? Your Biden did it finally realized what you all want.

(Main)

A reckoning on the way

Radiance3 wrote:

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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.

============= br I Since President Wilson in 19... (show quote)

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Correction: Woodrow Wilson Act must be in 1913.

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A reckoning on the way

eagleye13 wrote:

A lot of good accurate information. br The Federal... (show quote)

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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.

(Main)

Treason

JuristBooks wrote:

1) the current federal junta WANTS CHAOS ; endless... (show quote)

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Biden loves illegals more than our Veterans! Biden wants to replace the American people with illegal aliens who want to make him King!

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Single Female Voters are Destroying America

Oldsailor65 wrote:

Single Female Voters are Destroying America br b ... (show quote)

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Disgusting! These abortion women are mostly Democrats.

Republicans are mostly Christians. They do abortion only when the health of the mother is at stake, or the baby could not be saved even if born alive. Most of them don't abort but raise their children.

What is going on in this country are the following:
1. 72% of black women make babies without husbands. They abort them claiming for not able to care. But many still carry them on to life. The purpose is Biden gives more money to have more babies without fathers. That's the way how they support to live. Without fathers when their kids grow up, they join BLM, and became looters, now very rampant. And car stealing very common during the reign of Joe Biden.

2. Others are democrat women who don't marry because no one wants to marry them. They live with male, make babies and then kill them.

Sine 1973, 63 million plus babies been killed due to abortion.

At present, even if the Democrats abort their babies, the 15 million illegal invaders Joe Biden brought in make so many babies that few years from now, these are the people who will reign as he majority in America. Hispanics make so many babies, even if they could not afford to feed them. I saw them always with many babies trailing using government debit cards and food stamps when buying groceries.

3. There are democrat female teachers who even lure their students to make babies with her. Then when the baby is created, they just melt them or abort them. And these are teachers in Public Schools. Most of them are Democrats.

4. Most democrat women are not Christians. They believe that killing babies is a way to make their lives easy.

(Main)

Who on OPP will take advantage of this?

Ri-chard wrote:

You may even get to ride in his Corvette.

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Even if they pay me $50,000, and I won't dare see their ugliness. Both in and out!