CNBC EDITORIAL - Audit the Fed a 'Serious Threat'
Former Fed banker attacks audit the Fed on CNBC. Establishment turning up the heat to cover their rear-ends. No surprises here. Enjoy the fear mongering desperation.
http://www.cnbc.com/id/34126788
A congressional plan to audit the Federal Reserve's decision-making process poses a serious threat to the economy, former Fed official Frederic Mishkin said.
Federal Reserve
AP
In a live interview on CNBC, Mishkin disagreed strongly with a plan being pushed by Rep. Ron Paul, a Texas Republican and leading Fed critic.
"This is I think the most serious attack that I've seen on the Federal Reserve in the many, many years that I've studied it as a scholar," said Mishkin, an economist at Columbia Business School who was affiliated with the Fed in various capacities from 1994-2006. "This is really dangerous stuff."
Mishkin = Ivy League Twit
The notion that ivy league douchebags are the only people smart enough to run the world on the behalf of us inbred dolts is really starting to piss me off.
I say we boycott anyone from the ivy league.
http://goldsteinrepublic.com
All the bad they say will happen no matter.
All the bad stuff they say is going to happen is going ot happen anyway. They are going to blame it on things they don't like HR 1207. Kinda like bearing false witness.
Antidote: I have been looking at charts that span the spawning of the Federal Reserve in 1914. (visual training aids for Austrian Econ newbies)
Interest Rates for Commercial Loans
Banks chaters, bank bankrupcies, banks/capita
*Employment hours/capita non farm
*Unskilled Labor Wages
*Price indexes - producer and consumer
*Commercial Interest Rates
GDP
Trade and balance
bolt of linen/cotton/wool
Stamp for letter/postcard
*Federal Reserve responsibility
We don't have to wait for the audit to get done. We have historical data. From 1700 to 2000 is available for some things. Did Federal Reserve fulfill their mandate? The First Bank of the United States? The Second Bank of the United States. Is there any good argument in favor of a Central Bank?
How well did the various market banking systems in the US meet the Federal Reesrve's mandate.
Just in case the President vetoes HR 1207 and the veto over ride fails, we can be ready with cold hard facts on the outcomes even if we can't audit the books. Can the audit become the frosting on the cake of historical research?
We can't leave it to a few eggheads to pick our banking system. We better educate ourselves on the principles.
All for freedom? Freedom for all!
Free includes debt-free!
Our Department of Propaganda
Our Department of Propaganda which includes CNBC is trying to convince the American people that it is in our own self interest to allow the Federal Reserve to continue swindling us through inflation, and rewarding the special interests who have invested heavily in many of our politicians.
The question is, why would anyone on this site listen to CNBC or CNN or FOX? You should all know that these disinformation sites are going to continue the globalist agenda.
Beautiful Sight!
Nothing like seeing a two-faced liar squirming on the hotseat.
HIS VOICE WAS SHAKING WHEN HE WAS ATTEMPTING TO
invoke TERROR in Congress, "This is I think the most serious attack that I've seen on the Federal Reserve in the many, many years that I've studied it as a scholar," said Mishkin
NO MISHKIN, what is "a serious attack" on American citizens would be the FINANCIAL MELTDOWN of 2008 that the Fed has helped create! I'm sure YOU were instrumental in inflating the housing bubble and many others with you! WHERE WAS THE OVERSIGHT THEN, when all of these bubbles were being created and inflated? What is DANGEROUS is allowing the Fed to operate in COMPLETE SECRECY!
YOU sir, and your cohorts are TREASONISTS AND DANGEROUS to this country and the American citizens are finally realizing how criminal the Fed really is! He is a FINANCIAL TERRORISTS! That's what we can call the Fed and their employees, people are tuned in to terrorists, that 's the buzz word that MSM is told to repeat as many times/day as possible!
QUESTION: WHY is the Federal Reserve allowed to use OUR money, make MASS PROFIT, yet they pay NO INCOME TAX? I wonder how many working there actually pay their taxes, or are they all exempt like Geithner?
"If virtue and knowledge are diffused among the People, they will never be enslaved. This will be their great security."
-Samuel Adams-
"If virtue and knowledge are diffused among the People, they will never be enslaved. This will be their great security."
-Samuel Adams-
Your truth soars like an eagle across the world.
Tyranny and oppressssssssion is a disease.
And never forget, “Humans, despite our artistic pretensions, our sophistication and many accomplishments, owe the fact of our existence to a six-inch layer of topsoil and the fact that it rains.”
i see where it could cause price inflation
who will want the dollar when the books are opened?
he just couldn't admit that.
"The two weakest arguments for any issue on the House floor are moral and constitutional"
Ron Paul
What a crock
So now we're all living with Alice in Wonderland waiting for the Easter bunny.
Everyone is now delusional ? We've all completely lost our minds and are officially ready for the padded room complete with a one size fits all straitjacket. One problem here though, I think I'm coming around, it might not be hopeless....Yes I remember Paulson threatening members of Congress with martial law if they didn't hand over the loot. That seems to me like a case for financial terrorism. They took this loot and won't tell anyone where it went other than the $billions in bonuses they paid out to bank honchos. This theft is now 10's of $TRILLIONS of dollars and we hear these criminals in waiting saying that to do an audit will rock this perfectly credible criminal enterprise ? Oh it's a criminal enterprise alright, just not credible. Matter of fact why didn't the Justice Dept or the FBI do a forensic financial audit to determine there wasn't any criminal wrongdoing when all this started ? I'm awake to this. Hope that we're all seeing the light.
Just one last kick in the nuts, then a final deathblow
Liesman
Thought Liesman actually did a pretty good job in this interview...
Notice Mishkin had NO argument as to HOW an audit would interfere and cause inflation...
THERE IS NO ARGUMENT.... BECAUSE IT WONT
Its all FEAR TACTICS
End the FED
.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
Notice every on who opposes this has a link to the FED?
.........................................................................
Bingo
All Fed boosters linked by:
1.working for public funded academia as a pro Fed Keynesian or monetarist (Keynesian-lite) or Supply-Sider (red-headed Keynesian stepchild)
2. worked for the Fed directly
3. worked for the banks that own the Fed
4. worked for the Treasury that is funded up by the Fed
5. In office as a "progressive" (socialist) which requires the Fed to bankroll welfare projects and elitist institutions
they're everywhere, like a metastisized cancer.
http://goldsteinrepublic.com
As my Jewish mother would say...
"Mishkin, smishkin!"
"The monsters armor is impenetrable, there is but one small area at the base of his neck which is makes him vulnerable, but again, this is a very tiny area"
"Then unload everything we've got into that area, I want every rifle, every rocket that we have focused on his weak spot."
"Anonymous monster killers"