Bernanke threatening economic collapse if the FED is audited, page 1
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Topic started on 26-6-2009 @ 09:03 AM by Vitchilo

Bernanke threatening economic collapse if the FED is audited


www.youtube.com
“My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”
(visit the link for the full news article)


reply posted on 26-6-2009 @ 09:07 AM by marg6043
reply to post by Vitchilo


The sad thing is that we don't have a government that have the guts and the honesty to tell the truth and neither to go after this banking cartel of crocks they have been bought by all of them.

And we the people are more at fault for not taking to the streets to exercise our rights to demand the government to work for us.

Pity, will will always be nothing but servants to the system.



reply posted on 26-6-2009 @ 10:41 AM by warrenb
reply to post by Vitchilo


Does that statement not imply therefore that monkey business IS going on?

They really do need to investigate the FED, regardless of the outcome.

Also curious that Bernanke is defending the FED so adamantly.

Good find.




reply posted on 26-6-2009 @ 11:11 AM by PrisonerOfSociety
reply to post by DaddyBare


What an amazing article


...tax breaks for firms in dozens of industries. They included builders of Nascar auto-racing tracks, restaurant chains such as Burger King Holdings Inc., movie and television producers -- and London’s Diageo.


It seems the rabbit hole doesn't have any depth, it just goes on forever.


reply posted on 26-6-2009 @ 11:44 AM by ActuallyActuary
Originally posted by marg6043
reply to post by Vitchilo


The sad thing is that we don't have a government that have the guts and the honesty to tell the truth and neither to go after this banking cartel of crocks they have been bought by all of them.


Guts have nothing to do with that. The government can't possibly bite the hand that feeds them. Money elect people, not us.


And we the people are more at fault for not taking to the streets to exercise our rights to demand the government to work for us.


Who - the people? The morons that voted in the current bunch?! And previous... and before that...


Pity, will will always be nothing but servants to the system.


Amen. Bismark said, not verbatim: "...every nation deserves the government it has..." The nation of slaves deserve a master.


reply posted on 26-6-2009 @ 11:50 AM by pavil
reply to post by Vitchilo



Why would auditing the Fed bring about financial collapse? Maybe because the actual "books" of the Fed are as cooked as some of the banks we bailed out. The only difference is that the Fed gets to print more money to cover up it's mistakes.


He's playing Jedi mind tricks on us: "You don't need to see his identification. These aren't the books you aer looking to audit. He can go about his business. Move along"
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