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theres a lot of people who are very passionate about getting marijuana legal and auditing the federal reserve and ending the wars/military waste. But yet neither party is willing to cater to that voting bloc. These are libertarians whos one of the only few people left whos vote is up for grabs. Everyone elses issue has a gang on their side but the marijuana supporters and anti federal reserve people.
Vuttomundo Vuttomundo 22-25, M 7 Answers Dec 5, 2013 in Politics

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Nothing gained if they can't structure it into multiple data bases and taxation platforms as another tentacle of control.

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Jesse Ventura (Independent Party) got elected Governor of Minnesota on a platform that included the possibility of legalizing marijuana.



Auditing the Federal Reserve Bank will never happen because the men 'behind the curtain' who control America are the members of the 8 families who are the private owners of the Federal Reserve Bank. They are the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.

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here's a list of the groups that audit the federal reserve as well as the actual audits. http://www.federalreserve.gov/faqs/about_12784.htm

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Yes, I know. The Federal Reserve states that "the financial statements of the Federal Reserve Banks and the Board of Governors are audited annually by an independent outside auditor." The Federal Reserve Transparency Act of 2009 (H.R. 1207) was a bill introduced in the U.S. House of Representatives of the 111th United States Congress. The bill's sponsor, Congressman Ron Paul (R-TX), counters by stating that the present audit process exempts the Fed's "most crucial activities". The bill was reintroduced in the House by Ron Paul, and in the Senate by his son Rand Paul (R-KY), during the 112th United States Congress as H.R. 459 and S. 202.

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Look, if you want a 'hard-money' agenda being pushed for the fed, then you'd have to support making the Super-PACs disclose their donors. It would be only fair.

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Fine with me!

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Then we have an accord.

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Excellent!

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1. Legalization would get the young people voting, at least once.



2. The fed gets audited yearly. here's a list of the groups that audit the federal reserve as well as the actual audits. http://www.federalreserve.gov/faqs/about_12784.htm

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i think they would grab a whole lot of mileage by auditing the Fed. From moderate dems (blue dog types) many independants and most all republicans. Legalizing Mary Jane will get you support from a whole lot of people that may vote once but note a second time, or they'll forget to vote altogether, hehehe. Auditing the Fed helps everyone.

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here's a list of the groups that audit the federal reserve as well as the actual audits. http://www.federalreserve.gov/faqs/about_12784.htm

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They are not audited by congress and in fact I believe it is internal aiuditing only. There is no transparency to the Fed.

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http://www.newyorkfed.org/aboutthefed/fedpoint/fed35.html,

All Federal Reserve Banks and branches are audited and examined regularly. The scope and frequency of audits are based on the specific risk factors in each Bank's operations.
Internal audits involve verification of assets, liabilities, and items held in custody.
Auditors evaluate the adequacy of internal controls and compliance with prescribed procedures. Major automated systems also are checked for security and effectiveness.
Periodic Reviews and Examinations
All Federal Reserve Banks and branches, like commercial depository institutions, are audited and examined regularly.

Internal audits are conducted by a permanent audit staff at each Reserve Bank. Each audit staff is headed by a general auditor who reports directly to the Bank's board of directors. In addition, a private CPA firm conducts an annual examination of each Reserve Bank and its branches on behalf of the Federal Reserve Board. External audits were instituted in recent years in place of annual examinations by the Board of Governors to ensure total independence in this process.

Operations at each Federal Reserve Bank also are subject to review by the Government Accountability Office (GAO), the audit arm of the U.S. Congress. However, GAO auditors are restricted by law from reviewing monetary policy operations and transactions carried out by the Federal Reserve on behalf of foreign central banks. This restriction was imposed by Congress to assure the independence of the Federal Reserve from political influence.

The Scope of Audits
The scope and frequency of audits are based on the specific risk factors inherent in each Bank's operations, including the nature of the activities it conducts, the prevailing level of controls surrounding these activities, and the quality and experience of the individuals assigned to the operation.

Internal audits at each Reserve Bank involve verification of assets, liabilities, and items held in custody. Auditors check both the physical presence of these items and the timely and accurate reporting of their movement. An evaluation of the adequacy of controls throughout the Bank and of compliance with prescribed procedures also is done. Audits are performed periodically in order to determine if the auditors' perceptions of prevailing risk levels and operating conditions since the last review remain valid. Periodic audits also help to determine whether previously identified problems and issues were adequately addressed and remedied, and to ascertain whether new problems or issues have emerged.

Although auditing procedures differ among the 12 Reserve Banks, their emphases are broadly similar. At the Federal Reserve Bank of New York, the audit staff reviews the cash, check, fiscal, electronic payments, and accounting areas, and all of the service and professional operations (which include legal, bank supervision and regulation, and research and statistics). It also audits centralized electronic data processing operations and automated systems under development. These audits consist of reviews of the Bank's data centers, with primary emphasis on environmental software products, including data base systems, operating systems, and data communications systems. Auditors evaluate the strength of internal controls and security of each software product, as well as the procedures and controls put in place by the organizational unit responsible for it. An auditor at the Buffalo Branch reviews activities there.

Audits of automated systems under development similarly concentrate on the adequacy of controls and security. These audits are intended to ensure that appropriate checks and balances are in place for each automated processing operation. Audit teams check the accuracy of records pertaining to transactions that flow through the system and certify that systems under development are fully and adequately tested before being placed into production.

Together with two other departments of the Bank, the audit staff controls activities in the Bank's gold vault, which stores about one-quarter of the world's official gold reserves. Auditors monitor all gold transactions, both deposits and withdrawals, and independently verify accounting records and balances pertaining to gold held in custody by the Bank.

July 2012

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Direct quote from link: "The financial statements of the Reserve Banks are also audited annually by an independent outside auditor." here's the audits and the unaudited raw info. http://www.federalreserve.gov/monetarypolicy/bst_fedfinancials.htm

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Unless its audited by congress its not very "independant" as every financial institution is under the thumb of the Fed. and the GAO's audit numerous reviews, by even there own admission isn't enough. I can look at a spreadsheet and say something is audited. I'm talking about full transparancy to the People of the US, that would be congress. Other than that its an internal audit at best.

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"Unless its audited by congress its not very "independant" as every financial institution is under the thumb of the Fed." Congress doesn't do audits, that's what the GAO and IRS are for, and the audits themselves are always available to congress in fact they send the numbers to them. I'm not exactly sure what you're implying. Do you seriously want to waste congress' time by having the entire audit held on the senate floor? Is that what you're getting at?

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The GAO AND the IRS are not independent institutions and they do not represent the people of the country. That's like asking criminals to snitch on each other. As far as wasting the senate's time? Hell yes if we stop the Fed unilaterally decided to hand out half a trillion to foreigners without any Congressional oversight ) like they did in 2004. What they do now is what I call a waste of time. Im sorry its clear that we are just in disagreement and continuing this gets neither of us anywhere.

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It's not a disagreement if I have no idea what you're trying to say. It's confusion. And NOTHING is congressionally audited, you just want a media circus, and let me tell you, very little about audits interest people. "The GAO AND the IRS are not independent institutions and they do not represent the people of the country" So I guess the fact that they're made up and staffed by the people of the US means nothing.

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No i don't want a media circus , what I would like is oversight of the FED. What I would really like is the FED to be gone. AND no the people in the GAO and IRS are not elected therefore the do not represent the people.

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Cannabis has so many medical benefits that it should be a crime that it was made illegal in the first place.



The federal reserve? Ha...they have too much to hide...never happen.

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Legalizing marijuana here in Florida is a touchy subject, I have a feeling it will require a grass roots effort (pun intended) to demonstrate to the politicians what the will of the people is. The bottom line is between the PACs and special interests the public servants are completely out of touch with the actual public.

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No

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