CNN: Bernanke Threatens Economic Collapse If Fed Audited
Submitted by limelemon on Fri, 06/26/2009 - 10:34
"My concern about the legislation is that the GAO is auditing not only the operational aspects of our programs and details of the programs, but is making judgments about our policy decisions that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve, which would be highly destructive to the stability of the financial system, the dollar and our national economic situation."
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Ben is parroting the
fear of the banksters.
.
END THE FED
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Fed Chairman speak...
"Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
-Alan Greenspan
full article
http://www.constitution.org/mon/greenspan_gold.htm
Bernake, you mean, the return of the 'minting of the coin'
back to its original keepers, is a repudiation of the Federal Reserve? Yes, you are quite right.
We, Americans 'repudiate' this den of vipers and wish to restore equilibrium to the 'free market' where it belongs!
Yes, Bernanke was stating
Yes, Bernanke was stating the facts. "... that would effectively be a takeover of monetary policy by the Congress ..."
Congress taking back monetary policy could be interesting. Maybe Congress could have the Treasury issue bills backed by silver, as was done in the past. Congress allowing competition in currencies would be fantastic.
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I wonder how much longer the American public will
suffer the plunder and control of the banking - government partnership before exploding into rage, revenge and violent revolution.
I guess the level of pain from being screwed is still less than the level of pain suffered in social violence. I suppose events are unfolding as dictated by nature in all her wisdom.
"The deepest sin against the human mind is to believe things without evidence." Thomas H. Huxley
Two Statements
both fearmongering at their utmost.
Oh Why Can't We Bring Back the Day of Tar and Feathering.
It would provide so many fine uses!
betty
I just want the tally sticks
I just want the tally sticks
This Is a Blatant....
Declaration of WAR against the American people this man needs to be arrested for TREASON against the people of the United States, tried and sentenced.
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– Patrick Henry, speech to the Virginia Convention
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screw that! bring out the
screw that! bring out the guillotine! one head at a time!!
"Hell is truth seen too late...duty neglected in its season."- Tryon Edwards
"Human beings with love and compassion are some of the most beautiful creatures in the universe... Those without are a plague on us all."
Okay, so when do we convene
Okay, so when do we convene a citizen's grand jury to bring forth charges of financial terrorism against Bernanke?
Duh, hasn't Bernanke ever
Duh, hasn't Bernanke ever read the Constitution? The part about how our founders gave the responsibly for our money to Congress. If Congress were to takeover our monetary policy, they'd only be taking back the power given to them by our founders via the Constitution.
Bernanke's statement is not only disingenuous, but is more of the same fear mongering we have been subjected to since 9/11.
One more point Bernanke wouldn't be saying this if he didn't feel the Audit the Fed legislation didn't have a real chance of passing.
He and his handlers are getting worried. One can only imagine the plans they are hatching behind that curtain to make sure this never happens.
IMHO Congress' resumption of control of the monetary
system would only work if the currency is directly tied to a commodity (gold or other).
Can you imagine our Congress with control of a fiat monetary system? They'd make the FED look like hackers when it came to printing...
I tend to agree. At least
I tend to agree. At least not with the Congress we have now. This is why we need to work to elect responsible people to office who are not beholding to anyone but the American people.
We need 534 more Ron Paul's. In this whole country he can't be the only one, can he? There has to be more good men and women, who are incorruptible, at least I would hope so.
HAHAHA
dead on,
I can see Pelosi filling a zerox with paper towels after she used up all the paper. Thats actually a very scary thought
Doctor Bernankenstein...
... wants you to mistake the motion of the maggots for reanimation of the corpse, but he's having a harder and harder time disguising the stink.
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inflation is a tax
Bernanke admits to Ron Paul that "inflation is a tax"
I'm so glad he's incredibly good
at revealing where his loyalties lie. Any and all government enties who use/ recieve/ control/ taxpayer money must be transparant. This was the original mistake of the Fed act of 1913. no oversight and we get mass destruction of our economy. We've seen it over and over again. My comment to them is if they had not totally f'ed everything up and had done what they were supposed to nobody would question what they do. it is as a result of their own actions that they are now being asked to open their books. they have no one to blame but their greedy power hunger desires. We've reached our limit of their corruption. To open it up now would reveal the evil they impose. It would end them. if that means we go to Consitutional money, end them already!
yeah
more pressure and responsibility for the current collapse and need for all the bailouts in the first place should be placed squarely on them... let us all not forget Mises' story of the bricklayer and how capitol goods industries are hurting worse than consumer goods industries, which artificially low interest rates will cause... i think i'll post a thread if i can't find one....
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Bernanke is heading off to prison
and he can smell it.
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
This game is getting old.
Paulson threatened Congress with the same thing if they didn't immediately pass TARP funding. All the while this crew is down at the bottom of the abyss digging it deeper.
Gee, I always thought Congress was supposed to...
....be in charge of monetary policy. Thanks, Bailout Ben, for explaining how following the Constitution is such a bad thing!
Bernanke
He also said, "It's clear something has to be done to prevent firms from growing so big that they pose a risk to the financial system."
So we've clearly reached the stage at which the powers that be will not let companies profit beyond a certain point decided by them. They buy private companies, they decide how much money CEOs should earn. Now they get to decide how big is too big - arbitrarily.
Time to start over. It's time for revolution.
KenM
What about The Fed being too big to fail?
.
The Fed is impartial
AND it loves you
It will be the truth which
It will be the truth which collapses the economy, not the audit. The longer we permit them to keep their secrets the longer they will be able to continue wreaking havoc on our nation.
...
That seals it , it`s his admission that the FED cannot stand the
scrunity of an open independent audit.
Mr. Bernanke we are all ready in economic collapse all you and the FED are doing is digging the hole deeper.
"Since 1789 the only government on Earth that has the power to crush the American people`s liberties across the board is the government of the United States"
Robert Higgs
i agree
it almost sounds like he is arguing for the audit. Everything he said is what would be good for the country. Who wants this current lousy financial system of fiat money? What? A debt we could never pay off no matter how long we work is good for us?!!! Does Ben listen to himself.
The Fed independent? bwaa
The Fed independent? bwaa haaa haaa. They are attached at the hip to the Treasury Dept.