Bernanke open to transparency - Ron Paul asks tough questions!

"I would certainly resist any attempt to dictate to the federal reserve how to make monetary policy.." Resist all you want Ben...where coming for you.

they will not be transparent until they are under arrest and turning state evidence on their bosses.

Federal marshals?

You got transparency.

"Helicopter Ben" said that the Fed does receive audits as evidence of some transparency, but after watching this video, I must say that I'm not convinced. All I have to say is God bless H.R. 1207.

BUY THE FED

A bit outrageous?
Unthinkable?

Willing to look at ONE possibility?

The thought of buying the Federal Reserve is most likely an outrageous statement to most. However, think: Congress created the privately owned Federal Reserve in 1913 (a bit suspiciously, I might add) therefore it can un-create the Federal Reserve as soon as it wants to…(or has the guts!)

Recently Senator Dodd and Senator Schumer were rejected when they requested credit card companies to immediately halt retroactive interest rate increases from the Federal Reserve. And as we see in this tape that Ron Paul is asking Bernank.....

Heck…I say…TELL THEM! Individuals in Congress have to start taking their leadership role and change the behavior of the Federal Reserve from transferring wealth to a few to all citizens of the United States.

One of the reasons the Federal Reserve exists is to keep all of us including many nations in perpetual debt, something I let go of years ago.

I believe the United States Government can also get out of debt. Here’s how!

In 8 years, the greatest ECONOMIC IDEA ever to hit America could come to fruition!

The Goal: For the United States to be out of debt and have global prosperity.

How? On April 15, 2009, I sent the President eight seeds of rice and a check for $220 Trillion Dollars. The seeds were real, the check was not, but could be if the current President follows the revolutionary act of planting the seed at the White House and then creating “The Bank of the Greater United States.” (“Greater” because one seed is more powerful in its ability to regenerate interest than any paper money, especially the declining Federal Reserve Note!)

In eight years, that one seed of rice planted in the White House Garden will produce 214 grains of rice. If they are planted in the spring of 2010 and all the grain is harvested and planted for seven years, then in the Fall of 2017 the United States will have 4 quintillion, 398 quadrillion, 556 trillion, 620 billion, 369 million, 714 thousand and 700 hundred grains of rice. Divide that by 20,000, the number of grains it takes to make a pound, and you have 219,927,831,018,485 lbs of grain. Say in 2017, rice is valued at a $1.00 a pound. The total value of the grain would be $220 Trillion. Now that truly is greater than what any man made derivative or credit swap can produce. It’s truly powerful. It’s Mother Nature’s bank yielding plenty.

As a sovereign nation, the President or Congress can create “The Bank of the Greater United States” collateralized by “seed money” with the stroke of a pen and a few thousand newly employed people to manage, help plant, and harvest the grain.

Currently the National debt is $12 Trillion. $220 TRILLION in 2016 could be enough to pay off the ever-increasing debt. (If not plant more seeds!) The new incoming President in 2017 would inherit a debt free country! Now that is a totally NEW ECONOMIC IDEA!

All the current President has to do is plant one seed today….

BUT WHY WAIT….If the President doesn’t PLANT IT….what about YOU? You could plant one seed of rice to yield plenty and create real value for yourself and others. On a massive scale the world population would prosper!

For more info contact David at 617-964-2951 or davidsnieckus@hotmail.com

David Snieckus
99 Crescent Street
Newton, MA 02466
617-964-2951
davidsnieckus@hotmail.com
www.davidsnieckus.com

The math:

Plant 1 seed in the garden in the first year you will harvest 214 grains
Plant 214 grains in the second year you will harvest 45,796 grains.
Plant 45, 796 seeds in the third year and you will harvest 9,800,344 grains
Plant 9,800,344 in the fourth year and you will harvest 2,097,273,618 grains
Plant 2,097,273,618 in the fifth year and harvest 448,816,553,824 grains
Plant 448,816,553,824 in the sixth year & harvest 96,046,742,518,33 grains
Plant 96,046,742,518,336 in the 7th year = 20,554,002,898,923,904 grains
Plant 20,554,002,898,923,904 in year 8 = 4,398,556,620,369,714,700 grains

So at the end of the President’s eighth year in office there will be:

· 4 quintillion,
· 398 quadrillion,
· 556 trillion,
· 620 billion,
· 369 million, 714 thousand and 700 hundred grains.

Now divide that by 20,000 (number of grains per pound) and you have:

The math is 4,398,556,620,369,714,700 divided by 20,000 equals 219,927,831,018,485.

So at about a $1.00 per pound (in 2017), the grain will yield 219 trillion, 927 billion, 831 million, 18 thousand, 485 dollars. I rounded it off to $220 trillion.

(My Calculations show that in the eighth year, only 3 million acres would need to be planted)…Hell there are 171,904, 640 acres in Texas!

· $220 TRILLION could be enough to pay off the debt with a bit of pocket change for implementation AND give the incoming President in 2018 a debt free country. If not plant more seeds!

To begin, all the President has to do is plant one seed today. OR

You could to yield plenty and ultimate prosperity to be shared around the world.

Contact me at 617-964-2951 or davidsnieckus@hotmail.com and we will work out the details.

Very interesting stuff here. Bernanke states he is open to more transparency, claiming he doesn't want the Fed to be as secretive as it has been. Ok, we'll see. Paul lectures Bernanke on the dangerous effects of excess monetary expansion and proposes a possible dilemna Bernanke may face. There is discussion on the overall economic policy of the government and Fed. Enjoy the vid!

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=190071&t=01000...

The TRUTH (Dr. Paul) is calm, cool and collected in its approach...

The LIE (Bernanke) shifts, squirms and appears uncomfortable in its skin.

Bernanke is between a rock (The truth as put forth by Dr. Paul's questions) and a hard place (The lie he has to hold up under the full weight of all the bankers of the Federal Reserve System and the myriad central bankers of all the world as well).

It's a tough job keeping up the illusion but they've done a good job of it since 1913.

And I sure don't feel sorry for anyone who puts them self in that place to deceive and impoverish the American people for their own gain.

haven't been since 1914, Congressman and newspapers have tried.

Why would they change now?

A so called federal agency? No GAO audit...ever?

They are a privately owned company, just like the Bank of England, The banque de France and all the rest of the central banks.

Come on folks this is theatre.

Get with the truth and leave this tv sh%$ aside. Bernanke would never tell the whole truth...that is how he got to where he is.

It took 80 years to get partial minutes from one set of meeting released and that was a federal judge who got it.....you know his career lasted long after that...huh?

Stop watching the theatre and tell the truth.

"Of course it is the policy that really counts." i.e. "What a bunch of garbage that was that just came out of your mouth."

Is Bernanke really afraid that the GAO will dictate the Federal Reserve's Monetary Policy? The GAO? The GAO audits, that is all. What a little snake move he tries to pull with his response.

it kind of looked like mr. bernanke was about to cry for a minute there

a snake in the grass.

I need to come back here. So bump

BIG BOOM! Wow, so thats how we got here.

alive and well. End the fed.

Duh...I dunno what that means???

Dr. Paul this time squeezed more juice out of Bernanke in term of answering with real answers instead of dodging it.

in AIG bonuses! Payback is a bitch!

AIG reveals $454 mln in 2008 performance bonuses
Tue May 5, 2009 6:35pm ED

WASHINGTON, May 5 (Reuters) - Embattled insurer American International Group (AIG.N) paid some $454 million in previously undisclosed performance bonuses to employees for 2008, the company said in answers to questions from a U.S. lawmaker that released on Tuesday.

AIG was widely criticized for paying out some $165 million in retention bonuses after it received some $180 billion in government bailout aid. Some of the retention bonuses were returned by employees after the firestorm of criticism.

More:

http://www.reuters.com/article/rbssFinancialServicesAndRealE...

I aim to make sure the FED doesn't have the power to execute any policy!

Should we trust the Fed with tinkering in free markets to protect the taxpayers? Maybe we shouldn't pay taxes to POLICE the world and have a socialist's big government that creates more problems than it solves.

Ben Bernanke: Where I’ll be very careful, where I’d like to be just very clear, there’s been "some discussion" (a.k.a. some people say - http://www.youtube.com/watch?v=NYA9ufivbDw) of the GAO “auditing monetary policy”. I don’t know what that means, but I certainly would resist any attempt to dictate the Federal Reserve how to make monetary policy. It’s the independence of monetary policy which is crucial to the maintenance of price stability and economic growth in this country. And that would not be acceptable but if it’s an issue of making sure that we’re appropriately managing our systems and doing what we’re saying we’re doing in terms of our lending, we want to be open, we want you to understand that we’re taking every precaution to protect the taxpayer.

Ron Paul: Of course, the POLICY is the only thing that really counts.

“I make a fortune from criticizing the policy of the government, and then hand it over to the government in taxes to keep it going” - George Bernard Shaw

The Fed is not going to give any information or answer any questions to compromise their position of power. That's the feeling I got from Bernanke's answers. With all that said, this is still a potential step in the right direction.

And that was a good ending. Too bad it likely blew right by everybody.

is scared and is trying to save his own skin.

too little, too late. the FED is dying and there is nothing anyone can do about it.

"I certainly would resist any attempt to dictate to the Federal Reserve how to make monetary policy." B.B.

Call your Congressman!

For liberty!

Please vote up!

http://current.com/items/90022575_ron-paul-asks-ben-bernanke...

That was classic! What a great ending too!!!

5 stars

A Brief History of the American Dollar

The Money Masters

Money as Debt

Fiat Empire

Money, Banking, and the Federal Reserve

How the Federal Reserve Works

Even if congress is allowed to audit the fed, what guarantee is there of truth in the records they audit? They could falsify any information or records to be audited! I don't believe this attempt would control them - they are too slick for that! Also, the damage would already be done before an audit takes place. We must get rid of them, and return control of the dollar to the people (via congress).

ONLY BELIEVE WHAT HE DOES

HE UNDERSTANDS THE RULES AND THE RULERS!

auditing company is. Suppose he would not even reveal its name....

Isn't it actually a job of the Fed to change their monetary policy to suite the economic plan of the congress?

It seems like it would make more sense to push for sound money first in congress, and then force/expect the Fed to follow (otherwise they are not doing their job)

Knowing full well that he's lying.

Nobody's too big to fail ~ Peter Schiff, Jim Rogers, Marc Faber

RON PAUL 2012!

paraphrase: as long as the GAO doesn't audit anything of importance, transparency is welcomed.

in the same way that he was "not open to discussion of a world currency!" Until tomorrow.

So, what I'm understanding is Berneke is telling Ron Paul that HR1207 is not going to win because the Federal Reserve is not going to be "dictated", thus, since the Federal Reserve is a socialist policy, and Ron Paul says policy is everything.

Of course, he is in favor of 'appeasing the masses', now that there are 112 sponsors to HR1207... BUT, the real admission is in the last comments by Bernanke and the last sentence of Paul's... Essentially Bernanke says, 'What is good for the goose is not good for the gander'... IE: Obama ET AL can socialize all your companies, but 'no-way-Jose' will we let the government run OUR Fed!! Listen to him... that is the crux of the matter. Their power over the 21st century feudal system is in the monetary policy! Paul knows this!
It is time to teach our neighbors who to vote for next time around... forget the party per se!

"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