posted on Sep, 21 2009 @ 08:25 AM
I have an eerie feeling that if this audit does happen, it will cause a lot of fear with the big investors and the other countries who have money
invested in our country...and they'll take their money out of our markets....and then the markets will collapse....then we'll have a total economic
collapse in our country.
So, I think Bernanke was right when he said that if we audit the Fed, it could cause an economic collapse. But what Bernanke didn't say was that it
would be because of the FEAR it would generate in the banking world.
Does that mean I think the Fed shouldn't be audited? Nope. I think the Fed SHOULD be audited. Our monetary policies need to be drastically changed,
and an audit is a good place to start, because you can't change what you can't see.
But, if we do have a total economic collapse, I can imagine a HUGE conflict starting, like a second civil war. Maybe the government would raise taxes
to pay back our debt......or maybe people would just get angry....but I can see a lot of states deciding to secede from the country if it happens.
Think of our Civil War back in the 1860's...for decades, the North and the South were divided by political ideologies, such as slavery and states'
rights, but they still stayed together, because there was mutual benefit. Then, when the Federal Government placed tarriffs on the South, that was
the final straw that broke the camel's back for the South, and they declared they were seceding.
Of course, as soon as the south tried to secede, the north said "Oh, no you don't!" And they went to war. Slavery and state's rights were huge
ideological undercurrents between the North and South, but as usual, the final straw that broke the camel's back and TRIGGERED the war was economics,
Of course, to this day, depending on where you live in the United States, the reason why the Civil War broke out are taught differently. Most of the
kids in our country (like myself) are taught in school that the Civil War was mostly about slavery. But most of the people in the "southern states"
are taught that it was mostly about economics and states rights.
Heck, think about the Revolutionary War, too. The colonists didn't get angry enough to do anything against England, until they started to tax their
tea....then we had the Boston Tea Party and declared that "taxation without representation" was unfair. Sure, we wanted our freedom, but the first
act of property destruction did not happen until there was an economic reason to do so.
The truth is is that MOST people generally don't angry enough to unless you mess with their property, their money, their food, or their family....and
I can forsee the same thing happening today. If an audit of the fed does trigger a market collapse, and if a market collapse triggers a total economic
collapse... I can see that being the final spark for another civil war happening.
Of course, we have so many different ideologies in America these days, I can also imagine a lot of sides being taken, not just two sides.
I think that what Gerald Celente "forcast" was right....because now I can see what he was seeing.
But I hope we're both wrong. I hope we can audit the Fed, and I hope it doesn't turn violent.
[edit on 21-9-2009 by nikiano]