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CNN: Bernanke Threatens Economic Collapse If Fed Audited

BERNANKE:

"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
http://www.youtube.com/wa...

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.o...

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.

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.

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!

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.

Is life so dear or peace so sweet as to be purchased at the price of chains and slavery? Forbid it, Almighty God. I know not what course others may take, but as for me, give me liberty or give me death.”
– Patrick Henry, speech to the Virginia Convention

You are right

_________________________________

My liberty-minded home base of thought:

www.ponderthis.net

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

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.

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....
-Paix and Liberte
The Libertarian Roots of Marxist Class-Conflict Theory

Bernanke is heading off to prison

and he can smell it.

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests."
-- Patrick Henry

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.

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.

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.

Other way around...

It's the Treasury that's attached to the Fed and not the other way around. The hand that giveth is above the hand that taketh.

Economic Collapse for those

Economic Collapse for those who benefit from this corrupt system. But it will not lead to chaos, since the will be people to pick up the pieces and reform the system. Ron Paul for one.
grant

That statement Should be a sure sign

for an audit.

cookie jar Ben

yeah, pretty scary.

I think he just insulted us on top of saying, "we're the only ones that are qualified to put hands in the cookie jar. You're all too dumb to understand how to open the lid"

wow, his argument is the best case against the FED

was that really his argument? Returning control of our monetary policy to the congress instead of a Private Bank is going to be disasterous?

Is he just so shaken that he WANTS to give it back to us?

Kucinich vs Bernanke

I had to go to a meeting before this happened, so I had to close the cspan stream I was listening to. Does anyone have an audio or video clip of this segment? I heard Kucinich did a great job. I'd like to hear the Kaptur/Bernanke clip too.

The Votes will determine who is owned by the Federal Reserve

If we have a vote in the senate you will see a bunch of senators who are controlled by the bankers.

Oh boy..

Its to late helicopter Ben.. The cat is out of the bag and your days are numbered!

Even Ron Paul said at CATO:

"This is about opening up the books - not monetary policy or reform."

...that comes later, after we see the Fed for the debasing crooks that they are.

Link Please

For Freedom!

Click on

Click on Bernake.

--------------------------------------

Repeal the 17th Amendment!

http://www.meetup.com/The...

link

ehhh!

Dunno if I want Congress to be in charge of monetary policy either.....How 'bout just put Ron in charge, that would make me sleep better! lol!

Competing currencies puts you in charge.

"Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.", www.mises.org

Also...

Money is only supposed to be some type of precious metal also that would def. keep the congress controlled monetary policy from getting out of hand...we have to force congress to adopt a multi-precious metal standard...surely there is enough precious metals to supply the whole world with an ample supply of coinage...(emphasis on the word "Coin")

Is life so dear or peace so sweet as to be purchased at the price of chains and slavery? Forbid it, Almighty God. I know not what course others may take, but as for me, give me liberty or give me death.”
– Patrick Henry, speech to the Virginia Convention

IF you remember correctly

IF you remember correctly ,The FED is a private ORG ,so of course he would talk like this..
you-no

Yes, and ...

... will there be a day soon when we hear the Fed actually say on MSM that they are a private business and they don't want to be scrutinized, like congress is doing to all the other troubled private busineses? I hope they blurt that out soon, and then the public will start seeing the bigger picture.

duh...stupid

monetary policy is supposed to dictated by the congress in the first place.....Benanke is such a tool...

Is life so dear or peace so sweet as to be purchased at the price of chains and slavery? Forbid it, Almighty God. I know not what course others may take, but as for me, give me liberty or give me death.”
– Patrick Henry, speech to the Virginia Convention

Threatens...

I think it should be "promises" collapse. Also, I think his use of the word "our" is possesive to the FED; meaning the mafia like national currency system that the FED controls, not "our" as it relates to the people of the nation. He should be audited along with the FED.

Assert Your Authority

Excuse me, Mr. Bernanke...

According to the "Constitution", Congress is suppose to be in charge of monetary policy. Basically regulating weight and measures and minting of gold and silver coins. Not perverted esoteric bankers behind closed doors making decisions for their own benefit.
grant