Bernanke: Don't tamper with the Fed

I agree to the extent, we do not need other nations knowing our private business. Think about it.

Why give up what we are doing, that is like showing our hand in poker at the final table to Phil Ivey.

I am not sure what you want to find, we already know whatever happened was dirty most likely, but at the time apparently what needed to be done was. Dont think you will turn the world upside down even if you find something that is way out of whack. That will never happen, and just like 9/11, the juciest is prob. already destroyed long ago.

Im just saying, like the witchunt earlier this year with the banksters, where we stuck our hand in the pot too much, be careful what you ask for.

He represents a group. He is not on his own.
Firing him will achieve nothing.
End the Fed. Now.

reply to post by GreenBicMan


Some famous dude was once quoted as saying, "Those who sacrifice liberty for security will soon find that they have neither." Or something close to that. I think it was Ben Franklin.



[edit on 29-11-2009 by slimpickens93]

reply to post by DimensionalDetective


if this goes through, (the audit, the fall of the dollar, and the fed's demise.) will give Ron Paul the spotlight, and he should run with it...

... ALL THE WAY TO THE 2012 ELECTION!

Another story that can come out of this Washington Post article is Bernanke's admittance of "The Fed" being a Central Bank. We know that, but the general public is still unaware of what and how the Central Bank works.

Originally posted by GreenBicMan
I agree to the extent, we do not need other nations knowing our private business. Think about it.

Why give up what we are doing, that is like showing our hand in poker at the final table to Phil Ivey.

You are on the right track. It is more like this however:

If the Fed gets audited and we get information as to their inner workings, it will expose one of their closest guarded secrets: Their criteria for putting banks on their so called "bad banks" list.

It is important to remember that if the bill goes into effect, the public will only have info from as early as 6 months ago and beyond.

Going back to your poker analogy, it would allow investors, especially "shorters", to reference past criteria and use it today to determine the overall health of specific banks. Similar to the way a pro poker player could watch WPT tapes and see how their opponents play certain cards.

This would be a disaster as you would see runs on banks all over the board, some of which may have had a fighting chance to survive.

Remember Bear Stearns? One of the largest firms to go under at the time when the 2008 economic disaster was starting to unfold? There was an excellent article that I read about 8 months ago in a major publication (can't remember which one at the moment), that proposed there was an orchestrated run on them while their CEO was on vacation in Martha's Vineyard. Imagine that scenario all over again with 1000's of smaller banks and larger institutions alike. Not Good.

It seems like every action bernanke and the fed take just pisses off more people, exposes more truth, and never looks good in their favor. Lets see if congress will provide any opposition, not just the good looking made for tv opposition we usually see.

Also, ben is NOT the big dog at the fed. Im positive almost 95% of what he says is scripted for him.

Originally posted by factbeforefiction
It reminds me of that scene in Blazing Saddles when the new sheriff put a gun to his own head and threatened to pull the trigger.

Yeah, and Congress is like the cowpokes sitting around the campfire at night after eating lotsa beans-n-ham. About all you can hope from our esteamed congressional leaders are a whole lot of stinking farts.
......
If you think Madoff had a Ponzi scheme going, wait till you see the one at the Fed. They've been running theirs for a century now. We are sooo screwed!
......

Originally posted by slipknotrules2009
Looks like were on the edge here he has warned congress before and this is probally thier final warning.

As soon as they start the audit they will crash the U.S. dollar it sbasically just what they want so they can use the new world currency.

But the problem is we will have to wait until they decide to give us the new currency and every one will probally need a chip as well we are not ready and are years away.

A lot of stuff could happen when the dollar crashes like riots, people starving, The Revolution etc.

This is a dangerous road but the only way to get rid of the Fed

Illuminati call themselves such because they are illusionists, social/political magicians. They make you go after one thing... by tricking you into thinking thats the best thing to go after. Literally what I am trying to say is this seems like a front to me. They will use this to get everyone chipped. Its like in poker where you turn one of your cards in to get another, however they have aces up their sleeves. They are going to trade out their fed and in turn get everyone chipped.

This is not the only way to get rid of the fed in my opinion... my opinion is that we will never get rid of central banking. Who is going to dispense and control the new currency? The same people of course, just different puppets to play the role. The Fedeteers will never go behind bars, anyone that thinks they will is out of their minds.

you guys are all crazy with this revolution b.s., the average person (95%) will end up having to live with only dollars a day if they are lucky. Millions, if not tens of millions will perish from hunger. Then all of you quacks that are flipping out about the swine flu and planes spraying chemtrails and poisoning... well you will really have something to worry about then. They wont need to engineer any disease because all of the sewage systems will get shut down, hospital staff will tend to their own families... the nightmare goes on for a long time but I will spare you of it.

I think you revolutionaries are crazy. There is only one power in the world already, they already control it they just make it look like they dont. I believe they have the technology and equipment to control weather H.A.A.R.P., these people you want to play with are gods. They are just going to sit back and let you (and people like me that get caught up in it) kill yourselves from starvation/disease/someone killing you and taking your resources. Do we really have it so bad right now?

They are going to find out the fed has been manipulating the market and is also in bed with Goldman Sachs. Then again they may never find that out because I'm sure the paper shredders are going 24/7.

Will we see anything change ? It is Highly unlikely unfortunately.
If anything, the silencing of Dr. Ron Paul as history has proven in the past with the assassinations of Lincoln, McKinley and JFK , all of whom spoke against control of the FED.
These Banksters mean business, simply look at our past history.

The predecessor to today's Federal Reserve was called the the First Bank of the United States, AND was as are all central banks of the world*today, owned by the Rothschilds.

The banksters hadn't yet created an amendment to the US Constitution yet and were granted charter by congressional approval.

1791:
The Rothschilds (who already owned the Bank of England) , through Alexander Hamilton, their agent in George Washington's cabinet, set up a central bank in the USA called the First Bank of the United States with a 20 year charter. (note the year)

1811: When the 20 year charter of the 1st USA Bank was due to be renewed by congress and was not.

Nathan Mayer Rothschild is not amused and he states,

"Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war." However the United States stands firm and the Charter is not renewed, which causes Nathan Mayer Rothschild to issue another threat, "Teach those impudent Americans a lesson. Bring them back to colonial status."

1812: Backed by Rothschild money, and Nathan Mayer Rothschild's orders, the British declare war on the United States of America.
The war of 1812.

More later on the Rothschild controlled banking cartel and the Second Bank of the United States.


*Except for Cuba, Iran, Libya,N. Korea and Sudan

Originally posted by slipknotrules2009
Looks like were on the edge here he has warned congress before and this is probally thier final warning.

As soon as they start the audit they will crash the U.S. dollar it sbasically just what they want so they can use the new world currency.

But the problem is we will have to wait until they decide to give us the new currency and every one will probally need a chip as well we are not ready and are years away.

A lot of stuff could happen when the dollar crashes like riots, people starving, The Revolution etc.

This is a dangerous road but the only way to get rid of the Fed

Your right! But what should happen is people should follow everyone of them home and drag them out of their house and tie them up and march them straight to jail a demand in force they be placed under the jail. And then if anyone want to defend them we should throw them in the jail along with Bernanke and his goones. I'm sick and tired of this non-sense.

Originally posted by DimensionalDetective
reply to post by NuclearPaul

 

If people begin to commune in larger numbers, putting together community gardens, bartering, trading skills, etc., we may eventually be able to cut away from this completely fraudulent I.O.U. system of perpetual debt that these henchmen have been holding the masses hostage with for so long. It will not be easy, but it CAN be done. And I think it may be time for it to become necessitated.

While true, the only problem with this is that more than 75% of our society is too lazy to do any of that. If the United States were to take a poll:

Would you rather work harder and completely be independent from the government, owe no money, nor be reliant on or beholden to any federal financial system -or-

Would you rather continue to receive your government allotted money, rack up credit card charges knowing that you can declare bankruptcy if you go overboard, and continue to pig out at McDonald's knowing the government will make everyone else pay for the healthcare needed to "save you" from yourself?

Which do you think would win out?

Everybody wants change - everybody wants to get rid of the government - right up until they actually have to do something about it. Then, when faced with the prospect of actually relying on oneself, with no safety net, the masses disperse, head to their local Chinese restaurant, and watch MSNBC.

The FED & Bernanke are stalling any attempt to 'shine-the-light' on their plots & ploys...

a public source i respect & admire reports that between Now
and the 1st of the Year 2010... there are at least TWO major changes
being orchestrated by the FED/Treas./Banker Cabal.... to wit:

www.theinternationalforecaster.com...

The following information may be the most important we have ever published.
One of our Intel sources, highly placed in banking circles, tells us that on 1/1/10 all banks that have received TARP funds have been informed by the Federal Reserve that they must further restrict any commercial lending.
Loans have to be 75% collateralized, 50% of which has to be in cash, which is a compensating balance.


The Fed has to do one of two things:
They either have to pull $1.5 trillion out of the system by June, which would collapse the economy, or face hyperinflation. This is why the Fed has instructed banks to inform them when and how much of the TARP funds they can return. At best they can expect $300 to $400 billion plus the $200 billion the Fed already has in hand.

[...]

Major and semi-major banks are being told to obtain secure storage for new currency-dollars.
They expect official devaluation by the end of the year.
We do not know what the exchange rate will be, but as we have stated previously we expect three old dollars to be traded for one new dollar.
The alternative is gold and silver coins and shares. ...

having this rare peep-hole into the inner workings of our money/economic manipulators strategies, will give everyone an equal footing with their finances & lifestyle adjustments... but the Elites want an opaque FED/Treas/Banker cabal...
so as to take-care-of-their-own.
and that's why the stormy protest about opening the FED balance sheet and the past-&-present manipulations they are allowed to profit from.


good-day

Everyone knows and has used the quote "Power tends to corrupt and absolute power corrupts absolutely." That was Lord Acton (1834-1902) but how many know his other notable quotes?

• The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
  
• The long term versus the short term argument is one used by losers.
  
• Every thing secret degenerates, even the administration of justice; nothing is safe that does not show how it can bear discussion and publicity.
  
• And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. History has proven that.
  
• Socialism means slavery.
  
• A wise person does at once, what a fool does at last. Both do the same thing; only at different times.
  
• There is no error so monstrous that it fails to find defenders among the ablest men.
  
• Property is not the sacred right. When a rich man becomes poor it is a misfortune, it is not a moral evil. When a poor man becomes destitute, it is a moral evil, teeming with consequences and injurious to society and morality.

And of course one of my favorites:

• Learn as much by writing as by reading.
  

It is true that Benny-boy is no different than a tin horn dictator spouting off the old "Cross the line of death..." But of course there is indeed a grain of truth in what he says. If we push the Fed too hard then they will take away the Federal Reserve Note (which is what the US Dollar really is after all--pull one out of your wallet and read it). That greenback is not our money at all. It belongs fully to the Federal Reserve.

And that is what they really fear. That We the People, will figure out that the dollar is absolutely worthless. The value is only imagined and holds different values in different circles. So much is said that dollar is only worth about 13 cents of purchasing power before the Fed Reserve Note.

A dollar is wort exact one dollar's worth of labor. To a guy flipping burgers at $7.50/hr it is about 8 minutes of work. To a $150/hr lawyer, it is about 24 seconds. But for both of them, a good meal in a restaurant is still around $20. And neither of them would change a litter box or a flat tire for one dollar even though it is less than 5 minutes of work. Make it $5 and either one of them just might. For $20, they both would.

As you can see, the value is all about perception. Auditing the Fed has the risk of seriously altering the perception of a dollar. The one scrutiny that the Fed could not ever recover from successfully. Funny that how the about quotes from Lord Acton all pre-date the Fed and Modern America, yet they all fit so well.

I leave you with one last quote to ponder:

The science of politics is the one science that is deposited by the streams of history, like the grains of gold in the sand of a river; and the knowledge of the past, the record of truths revealed by experience, is eminently practical, as an instrument of action and a power that goes to making the future.

[edit on 29-11-2009 by Ahabstar]

Everywhere we look we see failed systems in government, science, medicine, media, education and economics that no longer represent the peoples best interests. We see a failure of a multitude of governmental systems running amok.
Some of those failed government systems exist at the United Nations and within the World Health Organization.

At home we find the FDA, CDC and many other number of governmental and corporate agenices that have failed the American public but yet continue to operate only for the basis of greed and power. It is time for the insanity to stop. We must demand it and we must demand accountability.

We must demand accountability from everyone and anyone that does business with the federal government. This accountability requirement should be a part of doing business. If you cant provide a quality product or service to the public then you should not be allowed to make a living or be in business.

If the world organizations are as corrupt and failed as our internal organizational system of government, we need to stop the support and funding for such failed systems. If our leaders cannot represent the citizens honestly then we should remove them and replace them with those that understand the benefit of honest, truthful leadership.

Anything less would bring us back to where we are today. Where we are as a nation right now is a nation filled with despair and disgust in where our leaders have taken us. The masses cry out for accountability and justice but instead we the people get deception and lies based on greed and power as the sole purpose of function.

reply to post by slipknotrules2009


You really think the crash is coming this soon? Thats a pretty terrifying thought.

These charts, which have been floating around ATS for a while, speech volumes that when Bernanke says "don't tamper with the Fed" he really means "don't tamper with Wall Street".



When Obama says change, he means a change from blatant corporate control to a little more clandestine. Combine this:



with this:

Barack Obama appointed eleven members of the Trilateral Commission to top-level and key positions in his administration within his first ten days in office. This represents a very narrow source of international leadership inside the Obama administration, with a core agenda that is not necessarily in support of working people in the United States.

Obama was groomed for the presidency by key members of the Trilateral Commission. Most notably, Zbigniew Brzezinski, co-founder of the Trilateral Commission with David Rockefeller in 1973, has been Obama’s principal foreign policy advisor.

According to official Trilateral Commission membership lists, there are only eighty-seven members from the United States (the other 337 members are from other countries). Thus, within two weeks of his inauguration, Obama’s appointments encompassed more than 12 percent of Commission’s entire US membership.

Trilateral appointees include:
* Secretary of Treasury, Tim Geithner
* Ambassador to the United Nations, Susan Rice
* National Security Advisor, Gen. James L. Jones
* Deputy National Security Advisor, Thomas Donilon
* Chairman, Economic Recovery Committee, Paul Volker
* Director of National Intelligence, Admiral Dennis C. Blair
* Assistant Secretary of State, Asia & Pacific, Kurt M. Campbell
* Deputy Secretary of State, James Steinberg
* State Department, Special Envoy, Richard Haass
* State Department, Special Envoy, Dennis Ross
* State Department, Special Envoy, Richard Holbrooke

Obama's Trilateral Commission Team

According to Open Secrets Goldman Sachs contributed $994,795 to Barack Obama.

Kate Kelly and Jon Hilsenrath had a story on the front of the Wall Street Journal yesterday demonstrating the real problems with the revolving door between Wall Street and the regulators. The essence of the story is this: New York Fed Chairman Stephen Friedman is a director at Goldman Sachs (GS), a company for which he has a main role in oversight.

seekingalpha.com... nection-at-ny-fed-major-conflict-of-interest

In addition to that capital injection, which at least carries some expectation of being repaid, Goldman received an additional $8.1 billion that will not have to be returned to taxpayers. This is a result of the bailout engineered by then-N.Y. Fed president Geithner of AIG, which listed Goldman as its top insured credit-swap customer.

The Geithner-Goldman Connection

CitiGroup contributed $701,290.

NEW YORK (Fortune) -- In a clear sign that the credit crunch is still affecting the nation's largest financial institutions, the Federal Reserve agreed this week to bend key banking regulations to help out Citigroup (Charts, Fortune 500) and Bank of America (Charts, Fortune 500), according to documents posted Friday on the Fed's web site.

Fed bends rules to help two big banks

JP Morgan and Chase contributed $695,132.

J.P. Morgan today announced that it has been selected by the Federal Reserve to serve as custodian for its program to purchase mortgage-backed securities (MBS). The program, which began on January 5, 2009, will purchase up to $500 billion in MBS that are backed by Fannie Mae, Freddie Mac and Ginnie Mae. The goal of the program, which was originally announced on November 25, 2008, is to provide support to mortgage and housing markets and to foster improved conditions in financial markets more generally.

J.P. Morgan Selected by the Federal Reserve as Custodian for Its Mortgage-Backed Securities Purchase Program

I've all for the idea of a Centralized Bank, given that it is under control not of privatized corporations, but of the government. Why shouldn't money be controlled by the government? Is the idea of money being printed and regulated by financial institutions whose only goal is to gain more money and power a huge conflict of interest?

Woodrow Wilson stated, after signing the Federal Reserve into existence:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

removing the fed does not remove the debit the u.s.a has...

its not like this is some sort of lala land we live in