Geithner: Auditing the Fed is a "line that we don't want to cross"

before this interview...he's really slurring his words or stumbling a bit throughout....

Nice whitewash with the clear intention of atteMPTing to pacify the already sickened American public there, Al. How much did they pay you to recite your questions and practice your empty gestures of concern? Or did you simply buckle before the threat of losing your job if you pursued any real answers? The only thing more offensive than your "interview" was the insult to our intelligence by thinking we'd buy your interview to begin with. The only pressure here is that of the methane coming from the "extraordinary" amount of bullsh*t in this room. Almost as good a whitewash as that of the FR Audit would be. Abolish it already! How'bout question #411? Why again can't we make our own interest-free backed money, Tim?

Line them all up, indict and prosecute them and let's have ourselves a new Election - period. And if this was a deliberate whitewash, you're going to prison for accessory and treason yourself.

Misinformation is only as good as its believers. Not getting the truth is worse than being lied to; you had no control over the lie -

- Scribe

-and this False Prophet (Profit?) , I'm beginning to think we are living in the Twilight Zone of fools (in the Biblical sense) in government. (Fool =a proud, arrogant person who has no morals or ethics).
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We are whipping folks back into shape, we are going to get this done!" Barack Obama, in reference to Blue Dog Opposition to the Health Scare Bill.
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"The most terrifying words in the English language are: 'I'm from the government, and I'm here to help.'" Ronald Reagan

and seriously all I heard was BLAH BLAH BLAH.. Am I missing something here? Can I no longer decipher lies as vocabulary.. Man it's worse than Charlie Browns teacher.

Does Tim have a mouse in his pocket?

Where are "We the People" in this?

I may not know the truth, but I know when I'm being lied to...

It is at 12:25 in the interview.

He NEVER answers the actual question but instead patronizes the question.

This guy is a master manipulator and expert at doublespeak.

Perfect for Treasury Secretary in the eyes of those pulling the puppet strings.

But really sad for the American citizen who is getting fleeced by dishonest monetary practices.

The power of government to borrow money and issue Treasury notes is the cause for our depression. Every time the government borrows money it creates money. When the Fed prints money it is only doing so because the government has already created it. It should be illegal for the government to issue Treasury notes. What should be done is to have competing currencies in this country, and then the government should call in all treasury notes and the Fed should print. Of course keeping interest rates at 0% should have the same effect.
grant

I'm still searching for the mouse in his pocket.
Seeing as he was not elected by the public, the word WE, does not include the American public. He can't speak for us. I have a feeling what WE really means.

Sorry for getting wee weed up.

_________________________________

My liberty-minded home base of thought:

www.ponderthis.net

Where is his accent from? It sounds like he either has a very slight speech problem or is not a native US English speaker. Did he grow up in Canada or go to school in a country with different phonetics?

as one of the biggest propagandist of his time. He is saying everything carefully worded to allow the idiots to repeat what he says with no thought behind it. We don't want politicans but we prefer a bunch of greedy bankers setting monetary policy. This is insanity like I have never heard. yes look at what the Fed has already done and know auditing is our only hope to stop the madness.

I love the #9 digg question: "You are a failure at life." Why are you still living and running the Treasury Department?

I could have sworn I saw horns pop out of his forehead towards the middle of the video.

Someone should have clued Alan Greenspan in on the whole politics and monetary policy thing ..

How can we allow a small group of men to decide the fate of a countries economy behind closed doors? no one should be in control of monetary policy. NOBODY !!!!!!!

The supply of how much money there is should be made only by the economy itself.

Tim Geitner;The New Nicholas Biddle

http://www.goldstandardinstitute.com/html/engine_of_deflatio...

Excerpt from this article:

After the F.R. Act of 1913 was quietly overthrown when Congress was not looking, the Fed has been revolutionized. According to the original Act the earning assets of the F.R. banks were to be restricted to real bills, that is, short term commercial paper originating in the production and distribution of consumer goods. Treasury paper was not listed in the Act as an eligible asset. This was not an oversight. No part of F.R. credit outstanding was supposed to be backed by government debt. If a F.R. bank was found short of eligible paper in balancing its note and deposit liabilities, it did not matter how much the overflow of Treasury bills was in its portfolio, it had to pay stiff and progressive penalties.

The conspiracy between the U.S. Treasury and the Fed is to be seen in the fact that the former has 'forgotten' to collect the penalty from the latter. Indeed, why should the Treasury penalize its best customers for buying its staple product? By 1920 you could not find a real bill in F.R. portfolios with a magnifying glass. Nor was a serious effort made to return to the norms of the original Act after the end of the hostilities in starting rediscounting bills once more.

The conspiracy has gone right to the heart of the U.S. monetary system. In 1913 legislators were assured that they were voting for a commercial paper system that could never become an engine of monetizing government debt. Should it try, it would be confronted with unacceptable losses. Later, when time came to legalize the illegal practice, the introduction of open market operations was presented as an innocent house-keeping change, a technical matter relating to banking practice. The fundamental issue, the wisdom of allowing the Fed to monetize government debt, was hushed up. Congress, let alone the general public, was never given a chance to scrutinize or debate it. Monetization of government debt was legalized through the back door, through chicanery, and through absolute bad faith. It was made the centerpiece of the money-creating process, in a complete reversal of the intention of the original Act. Is it any wonder, then, that the new monetary system born in sin has brought disaster to the nation in due course?

Also the remainder of the article is interesting for those concerned with the hyperinflation/deflation debate.

A few weeks ago our Tampa chapter mailed DVD copies of Jud Suss to several key politicians in our state government including Governor Charlie Crist. Since the mailing I’ve received letters back from several politicians thanking me for sending them the movie...

Full article:
http://ncoal.com/blog/?p=57

is if the people running the show are so "great", then how in the world does our economy almost come to the brink of destruction, obviously the system isn't sound, and it didn't happen overnight, our disaster in monetary policy has been manifesting for years, it's time for some change and sound money.

he answers very few questions directly but changes the subject to one of his own choosing.

Black is white, and though wrong, I am right!

The people having been given a lower tax rate are to blame for the increased deficit!

Their dialectical talking points are coming through loud and clear!

The FED was, and is, and is to come! The FRN is collapsing, the FED is still here, therefore we the FED are the natural ones to repair, because we are not those politicians, nor are we those evil banking and business institutions!?!

More debt by fiat for our friends, means gain for a few and poorer for the many, which means prosperity for all!

Perfectly smashing, and wonderful too!

If I talk fast enough and mumble, the majority of the people will not listen, but opt for the ball game! Works every time.

Very sad... he needs to be arrested and charged along with the rest of them... but it almost appears as if he really believes this bilge!

"Suspicion is a Virtue, if in the interests of the good of the people." Patrick Henry

"We are not weak if we make a proper use of those means which the God of Nature has placed in our power... the battle, sir, is not to the strong alone - it is to the

He is basically saying if it comes to the Fed being really, really audited...well, we can surmise most likely that's when the 'orders' will be given to 'release' their deadly pandemic and all their ensuing plans to 'take us over'.

Recall some Congress people who told us about how the martial law card would be pulled if the bailout was not signed into their law.

I can't help it. I hate this creepy, dispicable, lying bastard.

Geithner: "We went through centuries of financial crises in the United States… at least two before the Fed was established. Those crises were produced in part by the fact that we didn’t have a central bank."

TheLorax: Other reasons aside... We just went through a century of financial crises in the United States… at least two after the Fed was established. Those crises were produced despite the fact that we have a central bank.

I can go on and on through the whole speech but it would be a waste of my time on this a$$wipe.

You see they just didn't have the tools.. They just need more power and then we won't have these problems, come on people, don't you buy it.

http://electricheadroom.blogspot.com/

"problematic for the country."

... Because everyone will know that actions were taken to benefit specific firms. And then everyone will know he and his fellow cronies have been lying.

When he says "country" or "US" or "we" he really means "federal government". If you take it in that context, what he says makes perfect sense.

I find it deeply troubling that he can get away with saying that the bailouts were not done to benefit specific firms. Does that mean they were done to benefit random firms? And that's supposed to make everyone feel better?

It's amusing how he tries to spread the blame for low interest rates on some kind of "global" mistake. His words were, "tragic mistake". Getting drunk and running someone over is a tragic mistake. When normal people make such mistakes it's called negligence and they get punished. When the Fed does it they get more power?

And how long will this "we inherited a mess" bullshit fly? As if it isn't always the same group of people over and over and over again. He was president of the NY FED in 2003. And vice chair of the FOMC for heaven sakes. He helped make the decisions to blow up the real estate bubble!!!!

What a bunch of bullshit!

He is right about one thing though: The Fed is getting more transparent. And the more we see the less we like it.

The interviewer forgot his balls in his wife's purse... oh, wait, I see them - they're in Geithner's purse.
this interview is a joke. This interview is a waste of time.

Ron Paul's Convention Speech

JUST A GENTLE WARNING TO BE CAREFUL WHAT YOU SAY ON THESE BOARDS.

The government monitors everything said now, especially groups that are related to the tea party, Ron Paul, liberty, Glenn Beck, etc. etc. etc. etc. groups.

In fact, I would go so far as to say that our government personnel are paranoid at this point in time.

Be careful NOT to use or suggest any kind of violent or suggestive words that indicate any kind of aggression.

Yes, I know you don't mean it, but be discrete to PROTECT YOURSELVES.

We don't know where such talk could lead any one of us eventually, as UNFAIR as it would be.

Thanks!<\b>

Our money.

Bastard.

I want to watch the video, but I pretty much know what the BASTARD is going to say and it'll only make me more angry. So forth I'm not going to watch it.

to doing "extraordinarily offensive things...not for the benefit of any institution...let alone any individual" around 10:30.

See? He's telling some truth.