The Truth About The “Audit The Fed” Bill

This is a video blog…

I have had an amazing look into the paradigm of institutionalization ever since I began speaking negatively about the actions of Congressman Ron Paul. Out of the woodwork they came; people whom, without reason or rational thought, defend the career of one Dr. Ron Paul without prejudice or fact. And though I make every attempt to not attack Ron Paul in a personal way, only referring to his political motives and actions, and though I list him as someone I want on my own dream-team cabinet if I were elected President of this gigantic corporate structure called the United States… those people who refuse to see anything but the mature, angelic doctor guided by the hand of Jesus himself as presented in the propaganda images that have inundated the Ron Paul campaign have certainly attacked me.

I was and still am being taken by surprise by these ad hominem attacks on my personal character, the Strawman arguments regarding this virtually mythical man, the appeals to novelty, pity, and popularity regarding his campaign and the so-called “blackout” of it in the media, and the constant divergent red herrings that always lead to an emotionally fueled debate down a road other than the acknowledgment of the facts at hand. These fallacies have taken hold of otherwise logical folks and cleared the logic centers of their brains.

Of course, at no time has there been this kind of response from anyone who isn’t a Ron Paul supporter, which again leads me to the only reasonable comparison: Obama supporters – who are equally unable to ingest facts about their chosen candidate due to the prophet-like pedestal that Obama has been set upon by themselves.

Further research has now lead me to take upon myself more of this burden of personal attack by taking a closer examination of the Ron Paul “HR 459, The Audit the Fed Bill to the 112th Congress“, as described on Paul’s website.

Interesting to note here is that according to Ron Paul’s congressional (.gov) website, this bill’s predecessor:

HR 1207 garnered broad bi-partisan support with 320 cosponsors in the 111th Congress, and was attached (but removed in conference) as an amendment to the Dodd-Frank Financial Reform Bill“.


This is especially confounding to me as this would have meant that this “Audit the Fed” bill had enough votes through its co-sponsors (320) to pass in congress as its own free-standing bill, among the 435 congress-people that would have voted on this bill. A simple majority of 218 votes would have passed this bill. And so the question of why this perfectly stable bill was attached to another bill instead as an amendment to that bill, where it could then be swatted away like a pesky fly, comes into question.

What did Congressman Paul have to say about this on the same (.gov) website?

“I was very pleased that so many of my colleagues were willing to stand up for transparency and accountability in government by cosponsoring HR 1207 in the last Congress.  I am optimistic about our prospects for a full and complete audit in the 112th Congress,” stated Congressman Paul.

In short, this was a colossal fail on the part of Ron Paul, allowing this bill to be arbitrarily removed from the law-books by allowing it to be transformed into an amendment instead of a bill! Whether or not this was a purposeful and preconceived failure is a question that I am not qualified to answer. But I will state that I believe this to be highly suspicious behavior for a bill that would otherwise be a sure thing.

It is also interesting to note that Ron Paul has sponsored another bill for this years session, H.R. 1496: Federal Reserve Transparency Act, 112th Congress: 2011-2012. Though this bill is identical to H.R. 459 except for the last paragraph, this bill has no co-sponsors whatsoever. What is most important to understand though is this statement, which is the description of the bill and what it strives to accomplish:

“To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.”


Sometimes we miss the most important things when we read them. Here it states “…the Board of Governors of the Federal Reserve System is audited…“. This tells us that the Board is already, in fact, audited. It also states that the goal of this bill is “…to reform the manner in which…” that already existing audit is reported to Congress.

In fact, the Federal Reserve Act, which is of course codified into U.S. (Federal) CODE, (12USC 225b) states clearly that this audit already exists:

Section 2B. Appearances Before and Reports to the Congress

(b) Congressional report. The Board shall, concurrent with each semi-annual hearing required by this section, submit a written report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking and Financial Services of the House of Representatives, containing a discussion of the conduct of monetary policy and economic developments and prospects for the future, taking into account past and prospective developments in employment, unemployment, production,investment, real income, productivity, exchange rates, international trade and payments, and prices.

[12 USC 225b. As added by act of Dec. 27, 2000 (114 Stat. 3028).]

(c) Public access to information. The Board shall place on its home Internet website, a link entitled `Audit, which shall link to a web page that shall serve as a repository of information made available to the public for a reasonable period of time, not less than 6 months following the date of release of the relevant information, including–

  1. the reports prepared by the Comptroller General under section 714 of title 31, United States Code; (Note: This is the only thing that is amended by the “Audit The Fed” bill.)
  2. the annual financial statements prepared by an independent auditor for the Board in accordance with section 11B; (Note: This is, in fact, the Comprehensive Annual Financial Report (CAFR), the actual audit of the Federal Reserve.)
  3. the reports to the Committee on Banking, Housing, and Urban Affairs of the Senate required under section 13(3) (relating to emergency lending authority); and
  4. such other information as the Board reasonably believes is necessary or helpful to the public in understanding the accounting, financial reporting, and internal controls of the Board and the Federal reserve banks.

[12 USC 225b. As added by act of July 21, 2010 (124 Stat. 2118).]

And so we can see that the CAFR, which is the over 500 page audit of the Federal Reserve, is readily available to the public for its consumption. So it is, in this author’s opinion, safe to assume that the men and women of Congress, including Dr. Ron Paul, absolutely have access to this audit.

The real question that must be asked here is whether or not the Congress is actually allowed to take the audited financial information reported in the CAFR reports into consideration regarding its day to day legislation and budget, since it is not specifically mandated to be given as evidence to the Congress itself.

Just as every local, county, and state government prepares its financial measures and budgetary requirements for the people and their governance through the carefully selected portion of their Comprehensive Annual Financial Reports, which they call the “budget report”, is this also how Congress operates? Does Congress also receive a hand selected budget report for which it must operate under, not being allowed to take into consideration what is reported in the Comprehensive Audit of government as printed in the CAFR (fund investments, real estate investments, foreign currency and precious metals holdings, securities, and so much more)?

This would finally make the whole shell-game make sense!

If the Congress is not allowed to take the CAFR (audit) into consideration, and indeed only legislates through a limited and hand selected budget report that excludes the majority of liquid assets held by the Federal Government and funneled out of the taxpayer base into 1000’s of various investment funds and portfolios, then we can finally understand why our Congress can never create a balanced budget! And perhaps we can then begin to understand why Congressman Ron Paul does not talk about the Comprehensive Annual Financial Report for government and its Federal Reserve Bank in any public forums, including within the halls of Congress.

A closer look at H.B. 459 reveals a startling conclusion… This bill does not create an audit of the Federal Reserve. That audit already exists, according to the writing of H.B. 459 itself, as well as its senate counterpart, S.202, sponsored by who else but Ron Paul’s son, Rand Paul, who was recently elected to the Senate.

In fact, the bill only refers to the Comptroller General under U.S.CODE, deleting only a few restrictions for what the comptroller general may audit from the Federal Reserve. This in no way creates a new audit or changes the current audit, or the CAFR.

Amazingly, while these cuts are not bad things by any means, the paragraph in H.B. 459 states the following:

(c) Repeal of Certain Limitations- Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after ‘in writing.’.

(d) Technical and Conforming Amendment- Section 714 of title 31, United States Code, is amended by striking subsection (f).

Interestingly, it seems that subsection (f) has already been stricken, making paragraph (d) of these “Audit the Fed” bills redundant. However, in Ron Paul’s new bill H.B. 1496 – the one with no co-sponsors – this problem is addressed (see link above).

When we go to the U.S.CODE and read Section 714 of TITLE 31, we find the following:

(b) Under regulations of the Comptroller General, the Comptroller General shall audit an agency, but may carry out an onsite examination of an open insured bank or bank holding company only if the appropriate agency has consented in writing. Audits of the Board and Federal reserve banks may not include—

(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
(2) 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;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection.

So this entire subsection will be amended to read as the following:

(b) Under regulations of the Comptroller General, the Comptroller General shall audit an agency, but may carry out an onsite examination of an open insured bank or bank holding company only if the appropriate agency has consented in writing.

Now, so that we are clear here… if the Federal Reserve Bank is allowed to retain the power of consent regarding which banks or bank holding companies that the Comptroller General is able to audit, then this whole paragraph is completely worthless. And the 4 subsections that are being cut out of this portion of this “Audit” bill might as well stay in the bill, for the Federal Reserve retains the power after amendment to simply say no!

Only if H.B. 459, s.202, and H.B. 1496, which are almost identical bills and are identical regarding this amendment… only if these bills were to have cut out the statement “only if the appropriate agency has consented in writing” would they actually accomplish any significant change in the accounting and auditing structure afforded in this CODE. In other words, this is a complete fail once again for Ron Paul, and now for his son. Once again, I cannot say for certain whether or not this colossal mistake was purposeful or not, but I must state with perfect clarity that I am starting to believethat there is a devious and purposeful betrayal here, using the lack of careful examination of the very supporters of this bill and the bill’s blatantly misleading semantics to fool Ron Paul’s fans into thinking this bill will do anything at all to change the auditing that already exists within the Comptroller General’s office.

In effect, these bills do absolutely nothing. And I find that highly suspicious and deeply concerning.

If, after reading this article and checking the provided sources and the U.S.CODE itself, you do not come to the same conclusion that I have here today, then I must admit that I am deeply concerned for my America and in the ability for its people to think for themselves.

And so, once again, I sight this research as just one of the reasons that I am running for President of the United States.

Let the insults and fallacies begin!

Please comment below…


–Clint Richardson (
–Wednesday, November 16, 2011

Leave a comment


  1. Hey Clint; As usual nicely done! Thank you! The information you share is always helpful and insightful. Wouldn’t it be nice if political matters were simple enough to keep straight and simple? Then we could ALL do a much better job of protecting our freedoms and our country.


  2. Morning Star

     /  November 17, 2011

    Very well put. Thanks again Clint. It is unfortunate that the political theater at large is a merely a shell game. The stomp of socialism across this country through the decades has nearly shredded our U.S. Constitution.

    Once again, We The People, have to guess and vote for the candidates that will do least amount damage to our freedom while trying to get rid of the previous candidates and their irreparable harm(s).

    Beam over to and follow the money, especially in the Real Estate Lobby section.


  3. This is my first time on your blog and it’s quite good to see people confronting Ron Paul despite his popularity amongst the same type of people who read this type of blog.

    My most major problem with Paul is his blind support for the Austrian School, which was funded into existence by the Rockefellers according to Mises in his own words.

    Why would they fund something into existence that would threaten their power and wealth? They wouldn’t. It’s pretty simple.

    He’s also obsessed with gold and those who are informed know that the same people that control the economic system right now control the vast majority of the world’s gold supply.

    It’s a complicated picture but once you look past some of Paul’s seemingly nice rhetoric a much darker picture emerges.

    Could his unarguably unfair media attention be an attempt to galvanize his supporters and those who like to support someone who is being systematically marginalized by the mainstream media?

    I’d like to hear your thoughts on that, you could email me or just comment back, I signed up to receive emails of future comments. If you’d be interested in posting for my site as well just shoot me an email. We’re on the front page of Google for alternative news and while I can’t offer you money (we operate at a loss currently) I can offer you promotion and a high PR backlink to your blog if you’d like. Of course you’d keep all rights to your work.

    Look forward to hearing back from you, Clint!

    Take care,
    Madison Ruppert


    • Thanks for your comment.

      First of all, all of my writing is public domain, so please feel free to re-post anything that you see fit. If you can improve upon its content, that is also ok by me as long as it is sourced. I don’t do this for any other reason than to educate.

      I believe like so many other “revolutionary” figures, events, and movements in history that Ron Paul is exactly what the people need to keep them from actually doing something violent to rid government of the criminals currently occupying it.

      Simple mathematics tells me that the concept that out of 435 congressmen and women, Ron Paul is the ONLY honest man in office, and has maintained that integrity despite all opposition in a tank of profiteering sharks… is complete nonsense.

      With not one law passed that was sponsored by Paul in 12 terms (24 years) of congressional service, and from what I can tell no special help to the people in his Texas district, as opposed to someone like Cynthia McKinney, who was “redistricted” out of office for redirecting her district monies to the poor in the district, I’d say the man is a living legend with no cloths.

      The problem with the theory that Ron Paul doesn’t get media attention is that the alternative media that reports this (and gives him the attention) is owned by the mainstream. In other words… Jon Stewart on Comedy Central reports that CBS is ignoring Ron Paul, and yet Comedy Central and CBS are owned by the same company – they are two arms of the same corporation.

      The whole thing is a lie. And again, the people eat it up. And then I get attacked personally ad hominem when I present factual information that goes against the legendary mythology.

      Gotta love the “truth” movement…

      Thanks again, and feel free to contact me about writing.



  4. Comprehensive Annual Financial Reports are also done on the state level basically leaving the State with two sets of books.

    FTA: “only if the appropriate agency has consented in writing.”

    Classic loophole.

    Well done. I appreciate it. Dugg, Twat, Liked, Shared..


  5. heroay

     /  November 18, 2011

    Clint, what you strangely left missing…:

    ‘Talmudic’ [1], ‘Nazi’ [2], ‘they will kill me!’ [3], and ‘Inspect for gold-coated titanium bars’ [4]…

    …item 3, as expressed by RP before Alexstein Jonestein, and warned about by Walter Burien himself. And in a “so-called” 90 SECOND ‘entitlement’ at the last debate, not much time to speak about such a convoluted subject, of so many concocted since 1913 by the RATschild Mafia, which most sheeple still know nothing about.

    RP wants to inspect EACH ‘gold bar’ in ‘reserve’. And the Kosher rats are soiling their pampers, desperately fabricating WW3 as only salvation for their scrawny necks.

    “…if I were elected President of this gigantic [1] corporate structure called the United States…”

    “…angelic [2] doctor guided by the hand of Jesus himself…”

    “… why Congressman Ron Paul does not talk about the CAFR… [3] ”

    “…these bills do absolutely nothing. [4]…”

    Your worst ever is circling around the Globe. X-posed! 🙂


  6. Pete

     /  November 21, 2011

    At least he is supporting the Bill that would actually change this loophole, but like it has been said before this would open up a can of worms that could threaten the safety of his life. Maybe he can do something as President but its up to us to pressure him to answer this. Thanks for the research, keep it up!!


  7. DDearborn

     /  November 22, 2011


    Nice try buddy but in short this entire article is a fraud. You are a fraud. Now why would I say that? You forget to tell the reader the one single and certainly most important fact about the FED’S CAFR “audit”


    The man walks out of the bank with a bank bag full of money in one hand and a smoking gun in the other. The police ask him “hey whats in the bag?” the mans says” “You know I just audited the bag and there is nothing in it.” Does it really make any sense to then think that there is nothing in the bag?


    • Interesting theory, except that it is audited by an independent auditing agency.

      So the Fed creates a 530 page audit that is false, listing all of the assets it has, which are false?

      And every government in the United States, all 230,000, create false audits as well, and all pay independent auditing companies oodles of taxpayer money to do this? And it’s Federal Law?

      There is no conspiracy here, just the audit that even Ron Paul refers to in his “audit the fed” bill.

      I’m still confounded by the personal attacks.


  8. Mike

     /  December 19, 2011

    I’m really confused by the attacks on Ron Paul. Ron Paul points out the politics rather plainly as that it is the sheeple that allow it and as well can stop it. That may not be “lawful” but it is reality. I may not like it but it is fact. We live under the Just Because Law.

    Likewise, it is the partial audits Ron Paul got that are now waking up people to the mischief of the Federal Reserve. Trillions of dollars to foreign banks and foreign corporations further enslaving as exposed in the partial audits. Few people have a clue as to what is real freedom, but attacking somebody at least going after the root of the problem in a peaceful way is just senseless. While you might understand the “letter” of the law or the lawful you seem to have no clue to the enormity or masses of sheeple that think their freedoms are because of the Constitution instead of the Constitution being a result of the freedoms of people.

    I get it the Constitution is imperfect (and really limited to 10 Sq Miles), so don’t go there. But so are people that do anything in life imperfect as well and there would be no need for law or governments if people simply treated each other as they should. But in any words where, “life, liberty and the pursuit of happiness” are endowed by a Creator equally to all, free people can make those words be true for everyone. I hate having to say this, but there are so many patri-idiots that are willing to throw the baby out with the bath water. And that includes Ron Paul. I don’t think he’s perfect and if elected president I will trust him less. But there isn’t anything right now that attacks the politics of it all as he is doing.

    The things you talk about here are like feeding meat to babies. Most people have no clue what’s going on. More can see something is wrong and are distrusting the status quo. I think Ron Paul is a good step towards freeing the mind, but it may be a long road. I see no plan out there right now that can change the politics better than Ron Paul. It’s not ideal, but it is a start.


  9. DS

     /  January 11, 2012

    so let me get this straight..

    each city, county, state, & fed has an off to the side CAFR the is NOT included into the budget.

    you can not have that money put into the system to relieve taxes, services. etc.. it is separate..

    but you want Ron Paul to do what?

    Acknowledge the CAFR audit of the Fed Reserve.. then what? he cant use it to balance the budget.

    and when he tries to promote a bill to bring all this to light to the people you think he just blowing smoke because he knows that the CAFR exists?

    How then do you propose he opens the books completely when you yourself can not do it at your local city level?


    • Ron PUL’S Bill, if you did the research, has nothing to do with the CAFR. Only with what the Comptroller General does with his separate, already existing audit. But the bill still allows non-consent of the banks to be audited, basically making the bill a hoax.

      The CAFR is the already existing public audit, that has existed since the Fed’s inception. It is public domain. Thus, Paul knows and can quote from the audit if he chose to.

      The fact that he will not talk about the CAFR *audit in his public speeches or in the halls of congress makes him untrustworthy. He will not talk about it. He keeps the open secret.

      And then there are his ties with Soros an others, which I’ll be covering soon.

      Is that someone you want to have as president?



      • DS

         /  January 12, 2012

        in the category of “the lesser of two evils”.. yes I would prefer Ron Paul as President..

        what I’m interested in is..

        is it political suicide for him to mention CAFR at all?

        was this bill stripped by lawyers, making sure consent by the banks was needed..

        How then do you propose he opens the books completely when you yourself can not do it at your local city level?

        are you just interested in tearing down RP?

        who do you want to have as President then, seeing as all the other candidate’s, including the sitting President have not mentioned the CAFR’s at all…


  10. The subject matter should be to end the Fed not audit it. It is completely illegal as written in our constitution. It is how thewy are stealing the wealth of America and the world.


  11. they


  12. I believe you have a bit of a misunderstanding of the bill, at least from what I can tell. Here’s my understanding, feel free to correct me if you think I’ve made a mistake somewhere.

    First, the bill is not made worthless by the “in writing” clause. Note that the “in writing” only applies to consent for an “on site” examination. All of those agencies are still audited, whether they like it or not, but they’re not necessarily required to let the auditors stroll around their site if they don’t feel so inclined. While I would like to see on-site evaluations, this is at least a step in the right direction since it still requires those agencies to be audited and it removes important restrictions.

    Second, the removal of subsection (f) does a lot to remove the information release restrictions that protect a lot of shady entities. Also a good thing.

    My understanding of the bill is that it’s meant to enforce a “real” audit of the Federal Reserve bank, not the current “audit” where all the important information is either inaccessible or hidden from the public eye. And that, to me, is a huge difference. It doesn’t matter if they’re currently under audit if the audit doesn’t have the ability to … well, audit.

    Your thoughts welcome.


    • Your “beliefs” are noted, but here are the “facts”:

      The “audit” is the Comprehensive Annual Financial Report (CAFR)”. This is the “real” audit.

      The audit listed in the bill is referring to the Comptroller General’s audit – which is just an audit by the Comptroller General, and not the real audit – which again is the CAFR.

      Besides still being fooled by the notion that the Fed Reserve is not under the control of the Federal Government, your language seems to imply that the word “secrecy” is somehow ok with you despite the fact that you support the audit bill. Correct me if I’m wrong, but NOTHING SHOULD BE SECRET IN A GOVERNMENT OF THE PEOPLE!!!

      And this is the one thing you are missing… you see, the US government itself is a private foreign corporation, and not one of the 50 united states. This legal corporate title of UNITED STATES doesn’t mean it is part of the united states. Therefore, the fallacy that the Federal Reserve is a “private corporation” only means that it is part of the main foreign corporation.

      You see… the Federal Reserve is an “Independent Agency of the UNITED STATES government” and that legal term seems to throw people off track.

      Read about what an “independent agency” actually means, here:

      An audit of the Federal Reserve can happen anytime, but only with the permission of the Executive. The congress (Senate and the House) are not representatives of the people, but are TITLE 2 & TITLE 5 “employees” of the Federal Government, meaning they are there for show.

      Here is the US CODE:


      TITLE 5 > PART III > Subpart F > CHAPTER 73 > SUBCHAPTER IV > § 7342

      § 7342. Receipt and disposition of foreign gifts and decorations

      (a) For the purpose of this section—

      ….(1) “employee” means—

      ……..(E) the President and the Vice President;

      ……..(F) a Member of Congress as defined by section 2106 of this title (except the Vice President) and any Delegate to the Congress; and

      ……..(G) the spouse of an individual described in subparagraphs (A) through (F) -or a dependent

      ….(2) “foreign government” means—

      ……..(A) any unit of foreign governmental authority, including any foreign national, State, local, and municipal government;

      ….(6) “employing agency” (employer) means—

      ……..(A) the Committee on Standards of Official Conduct of the House of Representatives, for Members and employees of the House of Representatives, except that those responsibilities specified in subsections (note that a “Member” is a “congressman”, including Ron Paul!)

      ……..(B) the Select Committee on Ethics of the Senate, for Senators and employees of the Senate, except that those responsibilities

      ……..(C) the Administrative Office of the United States Courts, for judges and judicial branch employees; (all judges) and

      ……..(D) the department, agency, office, or other entity in which an employee is employed, for other legislative branch employees and for all executive branch employees (and that includes the President, who is an “employee”).

      TITLE 5 § 2105 – Employee

      (a) For the purpose of this title, “employee”, except as otherwise provided by this section or when specifically modified, means an officer and an individual who is—
      ….(1) appointed in the civil service by one of the following acting in an official capacity—

      ……..(A) the President; (Ben Bernake and the 7 member Federal Reserve Board is appointed by the President, and are employees of the UNITED STATES, as is the President)

      ……..(B) a Member or Members of Congress, or the Congress;

      ……..(C) a member of a uniformed service;

      ……..(D) an individual who is an employee under this section;

      ……..(E) the head of a Government controlled corporation; or…

      TITLE 5 › Part III › Subpart A › Chapter 21 › § 2106

      § 2106 – MEMBER OF CONGRESS

      For the purpose of this title, “Member of Congress” means the Vice President, a member of the Senate or the House of Representatives, a Delegate to the House of Representatives, and the Resident Commissioner from Puerto Rico.

      And finally, there is “TITLE 2: THE CONGRESS”

      What is a congressional district? It is a Federal District, as Congress is part of the corporation, and congressmen are employees of the US Federal Government.

      Where do Federal “Capital Police” have jurisdiction and authority?

      Only on “US corporation” land: i.e. Washington DC – but not in the 50 states united:

      What do they do?

      Protect the corporation and its “employees”.

      So, my friend, I hope that you understand now that Ron Paul is an employee of this foreign corporation called the UNITED STATES, and that his “Audit the Fed” bill is a staged event, that either will or will not be passed depending upon whether or not his employer, the UNITED STATES, wishes to have its employees continue the charade of auditing the Fed, and more importantly, if his employer (UNITED STATES) is ready to get rid of the FED and institute a global United Nations IMF or other world banking institution.

      And all the while you’ll think Ron Paul and the “people” (who are really corporate persons – human corporations – who are allowed to vote only via their corporate person-hood status, not as actual people) ended the Fed. Useful idiots for a tyrannical private foreign Washington DC corporation that OWNES THE “PRIVATE” FEDERAL RESERVE!!!

      Did that answer your question?

      -Clint Richardson-


      • Regarding this:

        “Your “beliefs” are noted, but here are the “facts”:

        The “audit” is the Comprehensive Annual Financial Report (CAFR)”. This is the “real” audit.

        The audit listed in the bill is referring to the Comptroller General’s audit – which is just an audit by the Comptroller General, and not the real audit – which again is the CAFR.”

        I believe you’re confused here. The CAFR is not an “audit”. The CAFR is a report containing “audits” conducted by various government agencies. This includes the “audit” that the Comptroller General conducts. So all these government agencies compile a bunch of data, create the CAFR, and then the CAFR is audited by an external (non-governmental) agency. So yes, the Comptroller’s audit is the “real” audit of the Federal Reserve bank. The Comptroller General, basically just an accountability enforcer, pokes all relevant internal agencies, collects data, and it’s put into the CAFR. Then that audit is audited. Ideally the entire process would be conducted independently, but, again, I still believe removing restrictions on what can be collected is a good step forward. It’s up to the people (us and the external auditors) to ensure they’re doing their due diligence.

        Regarding this:

        Besides still being fooled by the notion that the Fed Reserve is not under the control of the Federal Government, your language seems to imply that the word “secrecy” is somehow ok with you despite the fact that you support the audit bill. Correct me if I’m wrong, but NOTHING SHOULD BE SECRET IN A GOVERNMENT OF THE PEOPLE!!!

        That’s a fairly extreme (and incorrect) interpretation of what I said. I’m not even sure how you came to any of those conclusions. I’m well aware that the federal reserve is a government entity. And I’m also not complacent with “secrecy” as you suggest. I’m voicing support for a bill that removes audit restrictions and removes mandatory ambiguity requirements, but I’m all for secrecy because I’m accepting of a bill that doesn’t require on-site audits? While it’s not optimal, I’m still familiar with the confounded process that is U.S. politics and I know very well that change isn’t going to come about in one fell swoop: we either inch our way closer or we get a bill that flops. But again, it’s not like the bill does absolutely nothing (as you suggested).

        I’ll skip the next few paragraphs as they’re mostly concerned with the (erroneous) notion that I’m unaware of what the Federal Reserve is and I need to be reminded what employees are. But thanks for that.

        Regarding this:

        So, my friend, I hope that you understand now that Ron Paul is an employee of this foreign corporation called the UNITED STATES, and that his “Audit the Fed” bill is a staged event, that either will or will not be passed depending upon whether or not his employer, the UNITED STATES, wishes to have its employees continue the charade of auditing the Fed, and more importantly, if his employer (UNITED STATES) is ready to get rid of the FED and institute a global United Nations IMF or other world banking institution.

        I’m aware Ron Paul is a government employee, yes. But he is still a representative of his constituents. I’m aware that’s not usually a factor in politics as usual, but if you listen to his rhetoric it should be clear his views, if they were put in to motion, would be catastrophic to federal government corruption. Whether he’s sincere or not is irrelevant if he’s able to inspire a generation to actually make changes. I, personally, feel he is very sincere, but to each his own.

        Regarding this:

        And all the while you’ll think Ron Paul and the “people” (who are really corporate persons – human corporations – who are allowed to vote only via their corporate person-hood status, not as actual people) ended the Fed. Useful idiots for a tyrannical private foreign Washington DC corporation that OWNES THE “PRIVATE” FEDERAL RESERVE!!!

        Again, no. An audit of the Fed would not convince me the Fed was ended. But RP (or anyone else for that matter) doesn’t have enough evidence or clout to permanently close the Fed. The next best thing is to, piece by piece, force transparency to try to find the damning evidence needed to shut it down.

        I’m sorry if my support for this bill has led you to believe (based on your response) that I am an inept moron. 🙂 (I swear I’m really not.)

        I would love to see corruption removed from our politics. Unfortunately, there is just too much power, influence, and money at stake I think this (and RP in general) is a step in that direction. But that’s obviously only based on what I can gather by trying to judge his personality and intents from interviews, speeches, debates, and looking in to his past.


  13. Hey Clint Richardson: It’s obvious that the actions of the FED and / or federal government are causing harm to our economy (ie: low interest rates and inflation encouraging debt instead of savings). If you think the Audit the FED bill is a sham, what then do you propose to fix this problem?


    • To be frank, Mr Jones, I think that the whole system, from banks to corporations to the very dollar that supports the complete inequality by military force in the world and the country must fail – and nothing is to big to fail. The Federal Reserve is just one piece of a very large machine kept running strictly by our collective participation in forcing that machine to continue running – in effect we are supporting the machine and thus supporting our own enslavement to it.

      So when you ask me what I think about the FED doing harm to our “ECONOMY”, my answer is that the economy, not the FED, is the problem. The economy is based on usury and greed – making money from money. So why on earth are we so afraid to let it crash? And as a cause and effect, the FED with it?

      But then, I am not benefiting from the “economy”. It’s the ones that are benefiting that are the real obstacle. For by necessity, they are benefiting on the suffering of others, and can only be wealthy if others are poor.

      Short answer: The Phoenix must burn before it can rise again from the ashes…

      As for the “Audit The Fed” bill – I provided facts from the actual bill and from US CODE showing it to be a “sham”. Your belief is not necessary for these to remain facts. Thanks for the message.


  14. DDearborn

     /  April 21, 2012


    Old Thread but worthy of a comment:

    The Federal Reserve act provides for a self audit by the Fed on itself. It does not provide for any independent audit. Nor does it define the scope of the audit. Nor does the audit have to meet any traditional accounting standards. In short the FED is NOT audited at all in the traditional sense of the word.

    This article is a sham just like the FED. Through a clever and utterly deceitful use of quotes the author attempts to con the reader into believing that the FED is in fact “audited” and that this is public information. Wrong people! prior to the recent audit there has been NO independent audit of the FED in DECADES!!!!! And even the audit just conducted was in no way comprehensive or complete. And in fact many aspects of the audit are still not in the public domain. And much of what has been released was only done so after a long drawn out court battle with the FED. And I thought if you had nothing to hide then why would you?

    You sir are a liar plain and simple. But then again so are the members of the Federal Reserve board. And yes that is a FACT people. The chairman and other members of the FED were caught several times lying to the Congress and federal regulators since 2009. An action which is a felony bye the way. Just ask Martha Stewart. I am sure she is wondering why the Chairman can lie to the Congress and the American people and get away with it. I sure do.


    • atw86

       /  April 21, 2012

      I think people might be confused on the nature of the audit (or, admittedly, perhaps I am!). According to the U.S. Code, at least how I understood it, the comptroller general does in fact prepare an “audit” of the Fed (thus auditing itself), and it is this capability that has been expanded in the bill (thus seemingly doing nothing), but according to the law that material they prepare (along with similar from other departments) is in fact actually audited by independent, non-government accredited agencies. So, assuming those agencies aren’t in cahoots with the government (and that’s a lofty assumption) I think the process is normal for an audit.


      • Target, Walmart, and all other corporations create their audits in a similar way. The CAFR is the standard for all corporations, government or private. The corporation creates the statements, and those statements are audited by an outside agency. This is industry standard.


  15. LD

     /  June 28, 2012

    Summarize this, because the way it stands it’s got the look of a legal brief and is way beyond most people’s ability to read. You’ve made some good points, but it would help to formulate this into a statement of the constant upon which this missive was created, which this DOES NOT come through as narrated. Just formulate a
    thesis, three to five sentences, and make it easy to commit to memory. Your discussion is your proof.


  16. LeopoldDedalus

     /  July 2, 2012

    I suspect that Ron Paul might be playing a different game. You may be correct in asserting that Ron Paul intentionally allowed the first Audit the Fed bill to be attached as an amendment. Nevertheless it is very difficult to draw political conclusions by only analyzing the record and not knowing what kind of backroom deals were made to bring the bill to the floor.

    Either way, you make some interesting points, but I don’t think they are conclusive.

    The language in 31 USC 714(b) clearly states that the Comptroller General shall audit the agency. The clause requiring permission in writing only applies to conducting an ON SIGHT examination of the open insured banks.

    In other words, the Comptroller would still have access to all the electronic financial data available. He would only need permission to conduct a paper audit of the open insured bank.

    This clause is designed to prevent the comptroller from unnecessarily interfering with a banks business or harassing/blackmailing banks with time consuming filing. Since nearly all banking operations are archived electronically, the need to perform an on sight audit is rarely necessary.

    Understanding the legal language a such, H.B. 459 does quite a bit more than you suggest.


  17. TYRP

     /  November 19, 2012

    “The Austrian School was founded in the late 19th century by Carl Menger, building on a tradition dating back to the French physiocrats in the 13th and 14th centuries.”

    I am sorry, I am not suspicious of you. Everything you’ve done has been enlightening, however I am very familiar with the intricate tactics of the conspiracy against our country and you just hit on one of their sneakiest tricks. Discredit those who pose the greatest threats to their power. They have done this carefully with groups like the Jon Birch Society (who have been one of the most powerful groups to combat their power and restore the constitutional republic). Their power comes from lies, and education on TRUE Americanism is all it takes to destroy them. You have lured in those who are aware of the conspiracy and then attempt to discredit one of the most powerful warriors in spreading the very information that threatens their power (Ron Paul). Like the Pharisees saying JEsus’ power came from the devil. A house divided against itself cannot stand and Ron Paul has been seeking the destruction of those who hate the constitution for over 30 years, simply through education of principles. He has never once sought power for himself. So either you are a great asset to the fight against their conspiracy or you are a plant designed to try to undermine and discredit the truth of the message of liberty. I hope you’ll ponder that and dare to correct yourself if you have been honestly confused. Otherwise I cannot pursue the path of helping your cause to bring research of prions to greater audience as it too may be a distraction from the real causes of the medical onslought against us.


    • What a statement – that you are not interested in freeing the world of suffering and disease simply because I don’t support Ron Paul!!! Wow!

      The Austrian School supports usury, and I don’t. Simple, really. And there will be no system of bankers that I will support, I guarantee, until one is presented for which money is non-profit.

      You say Paul has not sought power for himself, and yet he is in the power position of congressman and seeking the most powerful political office of the world?

      Your ultimatum is, if I understand correctly, that I am either “a great asset to the fight against their conspiracy (but only if I support Ron Paul) or I am a plant designed to try to undermine and discredit the truth of the message of liberty (Ron Paul’s message that is)”.

      Do you have any idea how frightening your views are?



      • In the process of this argument (I just scrolled past it again) are a whole bunch of one-liners by Clint which absolutely make sense; I hope some people are paying attention!

        Someone mentioned Walmart. I believe it recently? got bounced off the top 10 owners of infrastructure in (the world). Bentley 500 list:

        Top 10 Owners in the Bentley Infrastructure 500
        Rank Company Name Headquarters Country Infrastructure Value*
        (millions USD)
        1 UNITED STATES GOVERNMENT United States 343,200
        2 EXXON MOBIL CORP United States 214,664
        5 PETROLEO BRASILEIRO S.A. – PETROBRAS Brazil 184,133
        6 HIGHWAYS AGENCY United Kingdom 173,148
        7 ROYAL DUTCH SHELL PLC Netherlands 152,081
        8 ELECTRICITE DE FRANCE SA – EDF France 144,875
        10 CHEVRON CORPORATION United States 122,608

        Regarding what a “nice” corporation some of these are, for example, “Gazpro,” I suggest people look up a little (recent) case history on Gazprom (#3). Magnistky, Hermitage Capital Fund, and etc. A certain entrepreneur Wm Browder from the US (and from a family of math whizzes) combined with an international banking family was rebelling from the family line (and itsCommunist flair) and went ultra-capitalist.

        Not having been born yesterday, Mr. Browder had his firm based in Ithink it was the Channel Islands, not exactly within USA IRS territory. He was investing in Russia with the belief it could be cleaned up, until one of this loyal attorneys involved in this was beaten (to death) in jail after exposing A 230 million$$ tax fraud (by the gov’t, which had barred Browder from he country in 2005, seized assets, etc.). ONE of the companies Browder was going after was GAZPROM.

        The punch line is that the owner of Hermitage, either an ex-pat or dual citizenship, with a non-USA company (it’s in the UK, I believe) wanted Congress to pass a law to protect the situation. Why would the US Congress do this?

        A few links indicate the scope of the issue, but it’s a gripping story:

        ~ ~ ~

        What I couldn’t get is why we don’t realize how much of this goes on in the USA also, particularly in re tax fraud Governments are money making corporations, period, with very good enforcement capabilities. If they are social contracts for the good of the people, the people better wake up soon about what kind of contract!


      • tyrp

         /  November 21, 2012

        No,I apologize, you are misunderstanding me. I do not mean to attack your article nor to pass a judgment because of one issue (ie, Ron Paul), but am pointing to that one little issue as a giant red flag and requesting an honest response. Because it is so extreme that it warrants a serious concern as to the legitimacy of your other claims. Ron Paul has been an advocate for the anti-vaccine movement at times, speaking in support of the extremes of vaccination. He would support what you were doing 100% if it were real and you ever had a close, quiet conversation with him. So why would you attempt to discredit someone who would sincerely support your efforts? When I see you try to put a satanic institute such as the Rockefeller foundation, part of the very foundation of the medical onslought against us, as the source of the economic philosophy that challenges their economic power, I smell a really big red herring. 99 truths and one lie. I was really excited at first about your post. My concern is that this fits a trademark pattern of the New World Order and I want that concern debunked so I can get excited about your work. That pattern is: attempting to create a distraction in the way the conspiracy takes the momentum of good people and gets them busy on something that won’t matter in the end. Can you put these concerns to rest? Because what you are saying is so important to the world if it’s true that I don’t want to just dismiss it.


    • Nationalism naturally advocates for one race. Socialism defaults your property to the state. Corporatism owns you. You people patronize all three, and then you start attacking one another when the NCS starts openly eviscerating the DCBR. You aren’t paying attention. Let me repeat this for you.


      Planned Parenthood is killing tens of thousands of children per year, mostly African Americans whose mothers are being talked into abortion clinics to rid themselves of an unwanted “conception”. What’s your contribution to the pro life movement? Nothing. You’ll complain, but you won’t do anything meaningful to stop them.


      The Supreme Court nullified the law of eminent domain. Did you protest? Address the issue via state legislature? Did you do anything? No. Lazy. Let someone else do it. But you complain.


      Did you know 4 years ago McDonald’s was developing a value meal product manufactured form pureed human fetus? Prop 37 was partly about this. Without this protection they can pout virtually ANYTHING in your food, you having dismissed this issue out of mind not voting to stop it. Want to stop corporatism? Don’t buy their products. Will you take this kind of responsibility? No. You’re neurotic. McDonald’s makes you ha ha ha-pee!


      You do absolutely nothing, except you complain a lot about the travesty and injustice of the NSC, and yet it YOU that’s lofted it’s press into domestic infrastructure through patronization. Planned Parenthood is okay with you. The Supreme court’s decision to end the law of eminent domain is okay with you. You eat human fetus, and THAT’S okay with you. So what’s your problem?

      You don’t get it. You have to be willing to think and apply yourself to the consequence to put a stop to this, but you don’t. You don’t even know what thinking is let alone SYG against one of the most prolific ideological monsters of our day. You just rattle off a couple of ideas and pray for salvation all the while you’re the ones bringing this on yourselves.

      Thinking involves the application of morality, ethics and philosophy to a given issue, and in the US to be a thinker principled on the DCBR you run this stuff through it looking for insolvency with our constitutional republic. You don;t do this. You COMPLAIN instead.


      Is there something wrong with Planned Parenthood? Issues with an application as a tool of genocide? You want this in your future your doctor telling you to have an abortion because Obamacare has empowered him to make that decision for you? THIS is an example of how think.

      Is there a problem with losing control of your property to state and federal interests? What corporate entity could eventually replace a day care center in the interest of the larger community, Another McDonald’s, perhaps? Or how about they just take it in the interest of national security? This actually happens.

      Is there a problem with eating pureed human fetus? Morally wrong? Could this eventually loft to eating your sibs, mother and father, virtually anyone where recycling human death fall as a food source would mean an end to eating beef. When times got lean, just produce the death fall you need to eat. Simple solution to complicated problem and atramental one.

      This is the stuff they were putting into pink slime. Does TH-AT reach your conscience? No? They were importing human remains by the tonnage mixing this with small amounts of farm animal waste calling it separated meat. Macabre? You bet, but you were eating it and have been for the past decade.

      You don’t think, so they exploit you, TOO, as an NSC resource. there’s good business in dumb farm animals. That’s you, folks. You are dumb farm animals, with lots of complaints which mean nothing to the NSC. Absolutely nothing.


      • I, for one, would be especially appreciative of the sources of this information. I don’t doubt they exist, I just want them for my own dissemination – especially the “McDonald’s human burger” source.

        Please place links here so that I may pass them on:

        Thanks… -Clint-


        • coastx

           /  November 19, 2012

          The issue that lofted the McDonald’s pureed human fetus project was was a lawsuit that challenged the use of Chinese dry wall manufactured from Human remains. You can get that online. It went viral for a couple of days in the UIS in 2009, and there are still news reports available which document this. The stuff put off an unbearable stench in perpetuity, so the US shipped it back.

          At that time McDonald’s came up on the radar preventing it’s females employees form becoming pregnant under threat of termination, the issue being this IC was marketing a product overseas manufactured from human fetus. McDonald’s didn’t want there to conflict of interest and sensitivity issues between their products and employees who might sabotage sales.

          Like the drywall issue, McDonald’s was in the mainstream with this phenomenally horrific enterprise doing full court press on damage control after they were sued in Australia by a female employee who disclosed the pregnancy issue. It was revealed and acknowledged that McDonald’s operated a forbidden kitchen in China where this IC was exploring a menu of products manufactured form pureed human fetus.

          They settled suit, lofted a disinformation campaign and did a massive remodel project to cover their tracks.

          McDonald’s co sponsored Proposition 37 in California so they could eventually sell these products to US consumers with them not knowing what their food products were made from. It’s not just about GMO labeling. This is precedence setting legislation for virtually ANY food they want to sell having very little information about it’s source available to the public.

          Pink slime is manufactured from human remains, too. A journalist did an investigative report on this and determined this meat was too lean for farm animal waste. He tested it against 90% lean, and the ground steak lost. Pink slime was EXTRA-lean, yet it cost far less than ground sirloin. What he discovered was manufacturers were somehow receiving shipments of human flesh obtained form overseas by the tonnage, probably death fall from hospitals and old age. They could treat this with chemicals to further kill the smell, mix it with animal waste products in meat separators and sell it FDA approved as ground meet.

          This is the mentality of international corporations. They get away with this, because people don’t think about what they are eating. Take it back to Genesis. The forbidden fruit was Eve’s own children. People are stupid.

          Pepsi and Coke are treated with insecticide. People don’t care. They get used to doing something, and it can kill them and they will still eat it. People are stupid. No other explanation. Now they’re complaining how the international corporations are ruing the country, but they will not stop patronizing them. With a problem like this, McDonald’s had hoped they could sweep it under the carpet, but it hasn’t gone away.

          People like me will hold them down in perpetuity and their subsidiaries. I’ll never buy their products again. I stopped eating there three years ago and advocate often as I can about what I learned about this sociopath fast food IC. I can’t figure why anyone would ever want to eat there after learning this.

          Also, proposition 37 was sabotaged. They based passage of this Drac legislation on a speculative estimate less a couple million uncounted votes which I don’t think they ever actuality tabulated. People voted, but the legislature didn’t use them.

          This is insanity.



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