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Bernanke Wrote Thank You Letters to Audit the Fed Opponents

Politico: If you have the Federal Reserve’s back, there’s a good chance Ben Bernanke will notice. He may even send you a thank you note.

In July, the Fed chairman sent letters of gratitude to five Democratic members of Congress after they delivered speeches on the House floor urging fellow lawmakers to reject the “Audit the Fed” bill authored by retiring Texas Republican Ron Paul, the central bank’s chief antagonist. Their efforts failed to defeat the bill, but they were not in vain, at least in Bernanke’s eyes.

“While the outcome of the vote was not in doubt, your willingness to stand up for the independence of the Federal Reserve is greatly appreciated,” Bernanke wrote in the letters, which were obtained by POLITICO through a Freedom of Information Act request.

He continued, “Independence in monetary policy operations is now the norm for central banks around the world — and it would be a grave mistake were Congress to reverse the protection it provided to the Federal Reserve more than 30 years ago.”

The letters were sent to Reps. Barney Frank, Elijah Cummings, Melvin Watt, Carolyn Maloney and Steny Hoyer.

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I like how he hid it under the guise of ...

..."Independence in monetary policy operations" as if it's so crucial in order for him to protect the public. Meanwhile, we all know he's screwing the public in favor of the big banks and government. He finances wars (see Lew Rockwell's most recent podcast below), etc.


turkey thanks anti-christmas campaigners


what balls it takes for him to get away with this

all these made up laws took away the way we used to handle corrupt politicians.

A true flower can not blossom without sunlight and a true man can not live without love.

Good News: Senator Collins R-ME supports bill. ? Senator Snowe

I read recently that Senator Collins supports S.202 Audit the Fed bill. Yay! I have not heard from our outgoing "moderate" Senator Snowe R-ME. I have written to both of them twice. I just wrote again to thank Senator Collins and to let Senator Snowe know that Collins supports the bill and STRONGLY encouraged her to do the same... This should be a "No Brainer" for Senator Snowe as she has supported accountability in many areas in the past.

There are Many Bobs...I'm the Maine Bob!

I wonder how much they got

I wonder how much they got inside? I bet it was more than a fiver or a gift certificate to the Olive Garden.

End The Fed!
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This is how the FED undermines our vote.


This is what they will discover



May the LORD bless you and keep you
May the LORD make His face shed light upon you and be gracious unto you
May the LORD lift up His face unto you and give you peace
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Of course he did

This video says everything you need to know.


Protect your assets and profit from the greatest wealth transfer in history.

he's partially right

auditing the fed should be seen as an intermediate step trough sound money, if the FED goes under the direct control of the congress we are doomed, the press machines are going to melt zimbabwe style.

I see no difference between

I see no difference between that threat and our current situation. At least congress is elected.

"— and it would be a grave

"— and it would be a grave mistake were Congress to reverse the protection it provided to the Federal Reserve more than 30 years ago.”

I dunno about you, but to me that sounds like a threat towards the congressional body.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James


I couldn't believe he expressed it that way myself (grave mistake). That IS pretty creepy.

Paranoid thinking? Reading too much into it?

Maybe, but it's not like Bernake has a limited vocabulary. He chooses his words very carefully so why choose THOSE particular words?

“Travel is fatal to prejudice, bigotry, and narrow-mindedness.” - Mark Twain

TwelveOhOne's picture

Etymology of a threat

Agreed; "grave mistake" sounds like "you make that mistake, you'll likely die". At whose hands, Mr. Bernanke? Is that what you meant?

I loved the movie "Extract". That lawyer kept saying, "If you would only allow me to slam your balls in this door, my client will withdraw his suit" and the owner got frustrated and yelled out "I'll slam your balls in the door" and then the lawyer got straight-faced and asked, "Are you threatening me?"

Well, Bernanke? Are you threatening us?

I love you. I'm sorry. Please forgive me. Thank you.
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David Stockman on why the

David Stockman on why the Bernank is by far the worst Fed chair in history and is destroying the capital markets in this country. To call him a madman is an understatement.


I must be willing to give up what I am in order to become what I will be. Albert Einstein

I was about to make a joke about how when Ben

had the last billions printed up, he threw in an order to print up some greeting cards and thank you notes as well, but then I remembered: the Fed doesn't actually print money. That's a myth! http://blogs.wsj.com/economics/2010/12/08/the-daily-show-tak...

When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir

They should put his face...

...on the Monopoly money...special Bernanke edition. That's all he's worth.

It's a good idea. The game

It's a good idea. The game could have distorted rules like if you own Park Place and Boardwalk, you get 7 billion for passing go. If you are poor and cannot pay for rent on Baltic, you go to jail. Community Chest: Fox News tells you Iran is going to nuke the world and we need to act immediately. Pay 10% inflation tax.

I'd buy a version of that game

If you make it, I'll buy one. maybe even two. :)

The imp on the Monopoly-Money is JP Morgan.

The cast of main characters is:

  • The Monopoly game mascot, Rich Uncle Pennybags, is intended to be a representation of the late financier, J. P. Morgan. Monopoly game mascot has by & by become adverised as Mr. Monopoly. The imp appears on the Chance & Community Chest cards. Monopoly-money pays homage to no man.
  • The character locked behind the bars is called Jake the Jailbird.
  • Officer Edgar Mallory sent him to jail.

Monopoly Game facts.

Perhaps Uncle Ben's face would be better suited to a role similar to Jake.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Follow the Money

Has anyone found a correlation to the Opponents campaign donation increases ?


"Take hold of the future or the future will take hold of you." -- Patrick Dixon


Not. Figures that Frank would oppose it. I also seem to recall Schiff mauling (figuritively) a pro Fed keynsian economist and Cummings attempting to prop her up, so it is not a surprise that he is a pro fed groupie.



“It is not our part to master all the tides of the world, but to do what is in us for the succour of those years wherein we are set, uprooting the evil in the fields that we know, so that those who live after may have clean earth to till." -J.R.R. Tolkien

reedr3v's picture

LOL, Fed "independence."