0 votes

The One Thing Bernanke Is Really Afraid Of

Over the weekend Federal Reserve Chairman, Ben Bernanke, wrote an Op-Ed piece for the Washington Post called; “The right reform for the Fed.”

In this article I break down what Bernanke is saying and relate his cry for the Federal Reserve to remain independent (no audit) to the reality of what the Fed has actually done to cause the crisis to begin with as well as what their existence means to the odds of any economic recovery occurring in the future.

Why Is Bernanke Reaching Out to the Public?

First one must understand why Ben Bernanke is turning to the public via the Washington Post to make his plea.

The reason Bernanke is running scared are the bills before the House and Senate; H.R. 1207 and S 604. These bills, according to Bernanke, would “significantly reduce the capacity of the Federal Reserve to perform its core functions.”

So before analyzing Bernanke’s current statements, one must look at what these “core functions” are that Ben is speaking of. To do so, lets turn to the Fed’s own pamphlet entitled; “The Federal Reserve System; Purpose & Function.”

I have posted below the screen shot from this pamphlet outlining the “duties” of the Federal Reserve:

Read these "duties" and the rest of this article at:

http://fedupbook.com/blog/federal-reserve/the-one-thing-bern...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Senator Jim DeMint Must Have Read My Article on Bernanke

Senator Jim DeMint just rattled off all of the duties of the Fed quizzing Bernanke one by one as to if he thinks the Fed has accomplished any of those duties.

I had asked the same exact questions a couple days ago.

Good for DeMint, a cosponsor of S 604 Federal Reserve Sunshine Act of 2009, to quiz the Fed Gov. and expose his failures!

If Muvee would ever respond to my questions on posting videos on my blog, I'd actually be able to provide video!

Any video experts out there? I'm using ADS VideoXpress to download DVR recordings to my computer with Muvee as my way of uploading and editing. For some reason it's not saving correctly.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

Thanks, for posting this

a really great read and delves into why Bernankie may be going public.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

Thanks...

Glad you liked it and thanks for posting on my blog quiltingsando...

I've got another good one coming out later this week regarding the Limbaugh Hannity connection to (not speaking about) auditing the Fed. Been putting some pieces of the puzzle together and feel I have them over a barrel on this.

Doug Digger Eberhardt

Blog: http://fedupbook.com/blog

Free White Paper:How Gold Investments Can Secure Your Retirement Years - download at http://fedupbook.com/whitepaper

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!

In my humble opinion,,

Mr. Barnanke is very afraid that an audit will turn up fraudulent financial action on the part of the Fed !

beesting

Agreed,

beesting! And great thread, Fed Up!

Bump, bump, bump...

O.P.O.G.G. - Fighting the attempted devolution of the rEVOLution
Ron Paul 2012...and beyond
BAN ELECTRONIC VOTING!!

No doubt beesting...

Bernanke is quite the arrogant chap in thinking his Op-Ed would convince people that what they are doing is working. Many who read it probably believe him. But not any of us here... We know better!

Blog: http://fedupbook.com/blog

Free White Paper:How Gold Investments Can Secure Your Retirement Years - download at http://fedupbook.com/whitepaper

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!