Bush proposes to expand powers of Federal Reserve & financial regulation overhaul

Well so much for "free markets" now we have the government interfering in the stock market. If left alone the markets would have corrected themselves but no Washington in its infinite wisdom has to interfere. Does anyone here actually realize whats going on ???

Our government is loaning investment banks money to invest in the market, our money ... this is crazy. Lehman is in such bad shape that the Fed wouldn't even honor its paper last week, its probably the next to collapse. Then you will see the government rush to its rescue. The 200 billion injection into the markets from the Fed and Euro Bank was in reality simply a way to create a market for bad mortgages ... and now they have approved another 100 billion.

This cannot continue, when food and fuel get so high that no one can afford them then you'll see martial law and that together with an orchestrated attack will give them the excuse they need to heard us like cattle.

Sounds to me like the fox just got the key to the hen house. In addition to the expansion of pwoers, which is never good, we've lost some critical transparency. It will not be possible for outsiders to monitor the Fed in any way that's meaningful. Not any more.

What was left out of the MSNBC article is that, at least according to the NYT, this new expansion of power for the fed will include the ability to dispatch SWAT teams!

WASHINGTON — The Treasury Department will propose on Monday that Congress give the Federal Reserve broad new authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.

www.nytimes.com...

Now I can only think of one reason a central bank would need police powers, and that is if they are expecting not just an economic meltdown, but a financial insurrection following in it’s wake. I wonder what it is theose SWAT teams will be taking out of the banks? The total control is growing ever more total.

reply to post by resistor


As much as I disagree with the plan, I really think "SWAT team" is being used as a metaphor in this sense.

reply to post by kosmicjack


Oh darn! And just I was having a nice giggle trying to imagine what a bank soldier's uniform would look like.

reply to post by resistor


Well hell, ya never know..I mean we are sliding toward facism at break neck speed. Maybe someone forgot to edit that little bit of truth out of the copy.

I doubt this will be taken without some kind of backlash force upon Bush...

This will make headlines- people will be angry. But what will be done about it? Probably nill to nothing...Congress is sleeping just like they've been doing throughout Bush's entire presidency...

The wrong people are in power and now all of us are really going to start to pay for it. Forget about getting rid of the FED, lets get rid of the role of President...The role of president has now turned to dictator...

I agree- the only way to fix this country is to remove the idiot controlling it...

Step 1: Make fed's primary regulator of market stability
Step 2: Give feds the keys to the White House, Capital Building, and Supreme Courtroom.

I don't even want to know what step 3 is going to be...

reply to post by Justin Oldham


Exactly, sweep all the mess under the Fed's rug, then get Bernake or another Greenspan type to speak in financial tongues every once in while in front of the Senate banking committee, and that's it.

"What me worry?" becomes US monetary policy. Opaque, impenetrable, and even if you did decipher it, you wouldn't want to know.

This is insane!
What dose this Government think its doing!
If WE THE PEOPLE dont stop this, then we all need to leave the County
and let them have Nothing.
We All should stop working, stop shopping, Stop driveing, stop paying our bills.
I think then they will get the !@#$% message!
If We dont get this stop now. this Country is over.
This only serves the powerful elite and nothing more.

As I sit here in shock at the price of food having been to the grocery store and eaten dinner it finally came to me. The conspiracy theorists are right ... As soon as they get us to the point that all we can worry about is being able to afford fuel and food thats when the saucers show up. Yep you heard me right, we are being conditioned for something far more mind blowing ... just get their minds on survival and then pull the you know what out of the bag, could be anything ... planet X, nuke Iran, weird stuff in orbit, 2012 you name it ...

Get ready, can't you feel it coming ???

reply to post by Justin Oldham


Right on, as usual, Justin!

reply to post by hal4511


You're absolutely right. And all those who are in line are first to say that they are opposed to government handouts. First to oppose much needed social services for ailing Americans. First to oppose universal healthcare! First to cry opposition to "socialism", and, yet, look at them. Do you see Bear Stearns refusing to be bailed out by the government? No. When has Bear Stearns ever bailed out a would-be homeowner -- forgiven a mortgage?

And NOW those crooks are singing a song about how good increased oversight would be by The Fed. WHAT?!!! So now they are cheering on the chance to increase unethical activity at the expense of the People. That's what Federal Reserve oversight would mean. When has the Fed EVER not looked out after its own best interests? When?

There doesn't even have to be a conspiracy for this to happen, all that has to happen is what is happening now. A financial crisis and a poor excuse for an administration to cook up some nonsense about the Federal Reserve acquiring expanded powers over financial institutions and the market, and then all the players in the market understanding what that really means, as they would, and they would predictably respond, "YAY!!!" "Home free!". What evil bastards they are.

Originally posted by ModernAcademia


The FED needs to be shut down, not given more powers.

This is the WORSE president ever, and perhaps even more worse presidents are to come.

www.msnbc.msn.com
(visit the link for the full news article)

I completely agree with this.

At this point the Fed wants to buy up the mortgages, it's printing more dollars, giving the ok to JP Morgan for a dimes on the dollar deal...and W wants to give them more power?

*shiver*

You know it is strange I went shopping this afternoon and the grocery store was was bizarre to say the least ... people were milling around in a semi daze everyone talking about the price of food. I found myself back at the meat counter talking to an elderly black lady who was telling me the best way to cook pork neck bones ... nothing wrong with that but it was surreal. She told me her son was a truck driver and he was joining the nationwide strike April 1st. Something is SERIOUSLY wrong here people ...

I wish everyone the best of luck ...

reply to post by ModernAcademia


This may perhaps be one of the important threads I have seen since I joined the ATS family.

I am currently enjoying an "I told you so" moment I had anticipated this move by Mr. Bush and his administration. Of, courser this tale centers around my locality and the observations are purely subjective on my part. But I truly feel that it doesn't diminish the comments herein.

It seemed that the Fed was the subject of a peculiar media perspective, a tentative sort of recasting - the media seemed to be creating the potential for it's viewers to draw a conclusion regarding the ability of the Fed to provide, 'care for,' and resolve our economic woes with a transcendent wisdom surpassing that which we can expect from our 'bungling public servants (the one's we voted for.)

I was curious about this since most economic historians readily acknowledge the impact the 'central bank' concept has had on economies all over the planet. It was always patently clear that their 'mandates' were exclusively oriented towards profit for the bankers (so much so that most central banks are stalwartly restrictive regarding revealing the identity of the true 'owners')

Oddly, the failure of the organized media to disclose in a historically accurate manner, the past actions of the Fed; and then to follow up by expressing the notion that the Fed's understanding of the system was uniquely superior to that of the congress, senate, or state-level auditing agencies led me, perhaps in a paranoid vein, to wonder whether the tragic inability of nearly every federal agency (and most state agencies) to responsibly manage "the people's money" might not be more propaganda, or failure by design; intended to lead us down this road to economic surrender towards those who have no mandate to serve us - yet the renewal of their charter is never even reported - let alone discussed in a public forum.

I declared to my wife - "You wait and see - this will end in our illustrious leaders calling for the Fed to be given more power over economic policy" when she objected saying it wouldn' make sense to let the fox guard the hen house I agreed; "Sure there may be a token whisper here or there about the representatives having closer oversight; but they'll end up being shown for the financially inept players they are (after all they LET us get into this mess) and they'll hand the keys over to the international consortium of bankers - all in the name of saving us from ourselves! As if WE, in our colossal ignorance caused the crisis."

So, I take this opportunity to pat myself on the back and wonder what the hell I have to be so happy about - in the end they will eradicate the value of their fiat currency (because they already have all the gold) and create new monopoly money to play with - of course, they will change nothing insofar transferring the economic power back to the people (or serfs, if you will.)




[edit on 29-3-2008 by Maxmars]

reply to post by Maxmars


Excellent post !!! I can't help but believe that this is all planned ... I think we all know the rest of the story!!!

States need to start "fracturing" off into there own sectors. Give the states back there power (Or let them take it) And let them deal with there own people in there own ways.

States seem to always (almost) Make better decisions than the fed IMO

Well, nobody can say I haven't been jumping through my ass trying to clue as many people as possible into the fact that the worst is all true. If you look at this President and what he and those with him have done and their counterparts in Europe, you will see all the pieces being pushed into their New World Order.

Now they will squeeze us and the world financially, make us ready to accept anything to keep our homes and cars and some functionality to what most of us a use to . Then they will shovew the National ID card down all our out throats, then they will collapse our dollar so that everyone will have to accept the conversion of the dollar to an electronic currency and that will evolve into where we can not "Buy Or Sell" anything without this National ID Card and Debit Card and then as a convenience they will offer us the opportunity to do away with the ID and Debit Card by paying to have ourselves chipped. Our Gold and Other such comdities and buying or selling anything will "By Law" required to be registered and payment to processes through your account..so they can Tax you as they wish. As for income taxes and other taxes, the government to have direct access to your money.

Those who do not cooperate with all of this will learn who our Military and Law Enforcement really work and it ain't you and me. Then they will use 30% of the population against the other 30%; the Concentration Camps that Operation Garden Plot has been building will be filled.

Bush doesn't care that America hates him or if we like what he has done or is doing; he is now going to push through as many of the laws and changes and gutting of our Constitution as possible for the next President to spin forward. It won't matter who we elect now, Obama, Clinton and McCain are all bought and paid for members of the family.

One thing is for sure; these people are Pagans, worship the Mother Earth above man and are out to cull the world populations by creating Terrist/Rouge Countries for use to stomp. Then one of then will nuke the others and if it gets bad, all the elite will move to their underground cities while the above they will perpetuate mass war to kill as many of us as possible. Then comes the New Age..a Brave New World. TYhe educated and affluent who have played ball will be one big world wide family, while the rest will be slaves.

I do not see how it is avoidable.

Here are some YouTubes I posted under my thread "Masters Of The False Flag" www.abovetopsecret.com...

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If you want to know even more about what is and has been going on, you should watch the YouTube series ILLUMINATI Bloodlines of power part 1/31 (I am not going to post all 31, just the one and you can search out the others if it's important to you).
www.youtube.com...

Yes, UFOs and there are Non-Human races here but they arte working with the governents.

I have said it all in other posts and am not up for repeating myself.

Man, this is so gut-wrenching. There was a period in my life when I experienced a couple of anxiety attacks; I thought that was loooong gone for me. This little piece of news has got me teetering on one of those episodes as we speak.

I walk through my home (until the take it away I guess) wondering if I should depress everyone in my family with the dire warning this article represents. Usually I wouldn't hesitate to share what I learn with them. But this is too much. How will they 'sell' this to us, and how will they make America think with her stomach so she doesn't 'sweat the small stuff' as Dubbya would say? Anybody want start a pool?

Let's see, it'll have to do with 'terrorism' won;t it? I hope I'm very wrong about all this. Really, we've been through enough already. How much more wealth will they surgically remove from us? Now I can more closely relate to how the indigenous people felt when they were 'discovered'. The only word that comes to mind is 'rape'.

Fox in the hen house!

They are the ones who have been destroying our economy for crying out loud.

If you think they've done great damage, just wait. You 'ain't' seen nothing yet.

On edit;
I just saw your post Justin. I guess it must be true that great minds think alike...and I see so many of us on this thread.

[edit on 29-3-2008 by ShadowEyes]