Fed would be Shut Down if Audited, Expert says
Posted June 10th, 2009 by WildSatchmo
The Federal Reserve's balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant's Interest Rate Observer, told CNBC.
Watch the video of the interview and read more below.
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Golly, really? Do you think they'd shut down the Pentagon too?
I mean, if the Pentagon and the alphabet soup agencies within it lost, oh, say, $2,300,000,000,000.00 or so?
Get serious. Even if the government shut down the Fed, what do you think would take it's place? And more importantly, who exactly do you think they're going to make foot the tab?
ISN'T THAT THE POINT?
It's sure a good thing we have experts to confirm what we already know.
Assert Your Authority
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so far! It's moving on up
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Thanks WildSatchmo of the digg site.
good.
shut it down.