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When Geithner is again pressed on the issue, he makes the stunning assertion that conducting an audit of the Federal Reserve—something never before done in its 96 year history—is a "line that we don't want to cross," proclaiming that such a move would be "problematic for the country."
There are a set of men who go about making purchases upon credit, and buying estates they have not wherewithal to pay for; and having done this, their next step is to fill the newspapers with paragraphs of the scarcity of money and the necessity of a paper emission, then to have a legal tender under the pretense of supporting its credit, and when out, to depreciate it as fast as they can, get a deal of it for a little price, and cheat their creditors; and this is the concise history of paper money schemes. Thomas Paine : American revolutionary, political philosopher & writer Thomas Paine (1737 - 1809)
Opinion on paper money, as expressed in 1786 by THOMAS PAINE, the author of "Common Sense."
"The laws of a country ought to be the standard of equity and calculated to impress on the minds of the people the moral as well as the legal obligations of political justice. But tender laws, of any kind, operate to destroy morality, and to dissolve by the pretense of law what ought to be the principle of law to support, reciprocal justice between man and man; and the punishment of a member who should move for such a law ought to be DEATH."
Originally posted by exile1981
Not to be picky or anything but I alsways thought of Geitner as more of a sociopath not a psycopath.
They don't want us knowing what they are doing as it would be bad for them. It maybe bad for us in the short term but in the long term it could be much worse to continue sleeping.
Originally posted by Kords21
The only good thing about Bernacke being reappointed is that we can look forward to Dr. Paul grilling him in the house and with any luck Rand Paul and Peter Schiff in the senate. Bernacke probably checks his closet and under his bed for Ron Paul before he goes to sleep
Geithner must have some high up connections to have gotten to where he is today, can't even do his taxes right and when his house can't sell instead of lowering the price he raises it. With this man in charge of the treasury is it any wonder that the US Economy is getting worse and worse?
Originally posted by breakingdradles
GREAT video. However, the more I watch these guys in full interviews, not just quotes, they seem like they are personally putting themselves on the line.
I saw Paulsen say that he'd be damned if he was the . of the fed that caused the second Great Depression.
I don't know what to believe anymore