Who Owns Congress? The NSA or the FED?

Gary North - July 25, 2013
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The debate goes on.

The failure of Congress to make a token cut in the National Security Agency's official budget on July 24 was a green light for the NSA to spy on all Americans, forever. That vote indicated that the NSA owns Congress.

But hold on! Don't jump to conclusions too fast. Has Congress ever authorized the Government Accountability Office to audit the Federal Reserve? No.

Did it have a chance to do this? Yes: under Pelosi and under Boehner. That was Ron Paul's bill. It never got to Obama's desk for him to veto.

Has the United States government ever audited the Federal Reserve to see who owns the gold? No.

Where is the gold stored? In the vault of the Federal Reserve Bank of New York.

Is this a government agency? No, it is a privately owned agency.

Who owns it? That is none of your business -- or the government's.

But what about Fort Knox? Isn't there gold there? The Federal Reserve System -- which is officially owned by the government -- says there is gold there, but no one has audited it, either.

But couldn't the FED have loaned out this gold under gold leasing? Yes.

But has it? It says it hasn't.

Has this been verified? No. We have already discussed this.

But isn't the FED audited? Yes, by companies authorized by the FED. But it does not authorize any auditing of who owns the gold.

What happened when the central bank of Germany asked for half of its gold back from the Federal Reserve Bank of New York? It was told that this will take seven years.

Didn't Angela Merkel scream? No. She remained mute.

But she screamed when Edward Snowden proved that the NSA bugs all Germans, too? She did not scream. She groused a little. This is an election year. Then Secretary of State John Kerry explained things to the world. " There is nothing unusual about mass surveillance of allies." That was his diplomatic way of saying: "Kiss off. We own you" So, she has stopped complaining. She has said nothing since June 30, except that such spying is necessary. Here is what she said at a 90-minute press conference on July 19. She said to be patient. "My job is to ensure people in Germany know that German law applies on German soil, and that applies to everyone here. It is not my job to familiarize myself with the details of PRISM. With every day it becomes clear to the United States that this is important for us. Germany is not a nation of surveillance. Germany is a nation of freedom."

What did she mean by this? She meant this: "Kiss off. They own us."

What did the other heads of state say? As little as possible.

Why not? Because the U.S. government owns them.

But isn't that what the NSA told Congress? "Kiss off. We own you." Officially, it said nothing. It always says nothing.

But I mean really. What did it tell Congress? It did not have to tell Congress anything. Congress knows who has the phone data of every member of Congress.

But what about "We, the people?" Them, too.

Then who owns Congress?

The NSA spies on the FED. It can blackmail any FED official at any time -- just as it can blackmail any member of Congress. Yes, the FED can cut off the government's money. Maybe Congress will then cut off the NSA's funding. But it never has in the past. So, the Federal Reserve is not the owner of Congress. It merely holds a long-term sublease through a lease arrangement from the NSA.

Have you ever seen the contract?

No. One copy is held by the Federal Reserve Bank of New York (private) on behalf of the Federal Reserve System (government), neither of which may may be audited by the federal government. The other copy is held by the NSA, which is not audited by the government.

But where is the government's copy?

The government is not a party to the contract. It has no copy. Did Uncle Tom have a copy of his contract? It was none of his business.

Are you saying that the FED is the equivalent of Simon Legree? Yes.

But wasn't Legree employed by Massa? Yes.

But what about "We, the people?"

"We, the people" sing truly inspiring spirituals. Mainly, "Go down Moses." Over and over. "Way down in Egypt land." Over and over. "Let my people go." It's a great song for Sunday morning. Then they get back to work. On Monday through Saturday, they sing this: "Gonna jump down, turn around, pick a bale of cotton. Gonna jump down, turn around, pick a bale a day."

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