Definition of tyranny: Bernanke ordered to testify, US Govt looks to block.

US files appeal to block Bernanke from testifying in AIG case.

The U.S. Justice Department on Friday asked an appeals court to reverse a judge's ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group's 2008 bailout.

Bernanke cannot be forced to sit for a deposition because high-ranking U.S. government officials are generally protected from getting drawn into time-consuming civil litigation, the Justice Department said in its petition.

Just so everyone understands, there are two sets of laws in America.

One set for you and me, subject to "stop and frisk", highway check points, illegal warrant-less spying, indefinite imprisonment, naked body scanners, gun confiscations, citizen watch lists, citizen kill lists etc.

And the other set of laws for the "ruling elite".

"...because high-ranking U.S. government officials are generally protected from getting drawn into time-consuming civil litigation..."

Really? PUBLIC SERVANTS shouldn't have to testify or be held accountable for crimes because they're too busy?

REALLY!?!?!?!?!!!??!?!



For anyone who still has any doubts as to the creation of the "Federal Reserve" and what it is, this page has done a fairly good job at documenting the secrecy with which this insidious institution was created.

Quote from one of the bankers who was at the Jekyll Island meeting, Frank A. Vanderlip, President of National City Bank in New York: "If it were to be exposed publicly that our particular group had gotten together and written a banking bill, that bill would have no chance whatever of passage by Congress."

What? The Chairman of the Federal Reserve is a high ranking government official? When did this happen? I thought the Federal Reserve was a private banking cartel.

Originally posted by gladtobehere
US files appeal to block Bernanke from testifying in AIG case.

The U.S. Justice Department on Friday asked an appeals court to reverse a judge's ruling last month that Federal Reserve Chairman Ben Bernanke must testify in a lawsuit about American International Group's 2008 bailout.

Bernanke cannot be forced to sit for a deposition because high-ranking U.S. government officials are generally protected from getting drawn into time-consuming civil litigation, the Justice Department said in its petition.

Just so everyone understands, there are two sets of laws in America.

One set for you and me, subject to "stop and frisk", highway check points, illegal warrant-less spying, indefinite imprisonment, naked body scanners, gun confiscations, citizen watch lists, citizen kill lists etc.

And the other set of laws for the "ruling elite".

"...because high-ranking U.S. government officials are generally protected from getting drawn into time-consuming civil litigation..."

Really? PUBLIC SERVANTS shouldn't have to testify or be held accountable for crimes because they're too busy?

REALLY!?!?!?!?!!!??!?!

For anyone who still has any doubts as to the creation of the "Federal Reserve" and what it is, this page has done a fairly good job at documenting the secrecy with which this insidious institution was created.

Quote from one of the bankers who was at the Jekyll Island meeting, Frank A. Vanderlip, President of National City Bank in New York: "If it were to be exposed publicly that our particular group had gotten together and written a banking bill, that bill would have no chance whatever of passage by Congress."

Its worse than that. It isnt just that there is a law that applies to a different cast. Right now you enjoy your liberty and rights, but if you should end up on a collission course with somebody powerful, presto you a declared a terrorist and the patriot and victory acts essentially strip you of your rights.

But it aint like thats the worst an administration ever did. Letting nazi scientists loose on the American public? That happened 50 years ago. Same for experimenting nuclear fallout on American troops.

The Sword of Damocles is a wonderful parable on why rulers only govern well and justly when in legitimate fear that it could all come to an end. Currently the federal government have very little if anything to fear and thus we have the problems that we do.

Something has to spark that fear before such tyrannical action will change.

Originally posted by gladtobehere
Really? PUBLIC SERVANTS shouldn't have to testify or be held accountable for crimes because they're too busy?

REALLY!?!?!?!?!!!??!?!

You're suggesting AIG shareholders not getting more money in the Bailout was a CRIME?

REALLY!?!?!?!?!!!??!?!

reply to post by BritofTexas


Well, if youre a reserve chairman, and practically control the money flow to and from the government..... That obviously makes you a "high ranking government official" by default, huh?

Nice...

Here's some background on the AIG bailout....

(January 28th, 2013)

“If it’s too good to be true, it probably is.” This old adage came to mind on December 11, 2012 when the U.S. Treasury made the announcement, reiterated unthinkingly by the press, that the AIG bailout was coming to an end with American taxpayers making a tidy profit on the deal. In an effort to capitalize on the news, AIG has spent millions of dollars on a primetime ad campaign thanking America for the bailout, highlighting its success: “We’ve repaid every dollar America lent us. Everything, plus a profit of more than 22 billion.” Unfortunately, this cleverly designed public relations maneuver deceives the taxpayer by distorting the perception of what has been a contentious use of government funds.

Readers may remember that AIG’s bailout began on September 16, 2008. That day, AIG’s stock dropped 60 percent at the opening of the New York Stock Exchange. Investors feared the imminent collapse of the insurance giant from a series of collateral calls on its derivative contracts. With a ratings downgrade the night before, AIG needed to deliver collateral of over $10 billion. Later that evening, the Fed created a 24-month credit-liquidity facility from which AIG could draw up to $85 billion in exchange for a 79.9 percent equity stake in the company. By May 2009, this and other programs of support from the Federal Reserve and the United States Treasury amounted to more than $180 billion.

Long article, lots of info.....
The True Cost of the AIG Bailout

Originally posted by VictorVonDoom
What? The Chairman of the Federal Reserve is a high ranking government official? When did this happen? I thought the Federal Reserve was a private banking cartel.

I'd say it happens every time the President of the United States appoints a Chairman and then the U.S. Senate confirms the appointment...just like a Cabinet member or Judge. Same process...with some legal technicalities to put the Fed in a legal limbo for accountability beyond that stage. The Fed isn't 100% private or Congress would have absolute authority. They aren't entirely Federal for similar reasons. They wouldn't have absolute Authority then, since all that is on the executive side. However, they would have full and uncontested subpoena power, which they obviously don't now.

reply to post by gladtobehere


crap like this is why we need to be race baited and divided at every pass....
because if we were more united they would be hanging from a rope......so they (political class and chiefs of the finance industry) divide us and set us against each other.

reply to post by xuenchen


wasn't Geithner involved somehow in the loan processes.. if so... there might be the possibility of Bernanke inadverdently stepping on some Treasury toes...

so that Bernanke would have to be rehearsed on his answers to keep the 'cover-story' from tripping up either the Fed or the Treasury---

now that seems to be the reason to the challenge any required testamony from the Fed chairman
~they would need a month long cram session to get their stories straight IMHO~
~not so much a gulf between laws for the elites vs. rules/laws for the masses~

reply to post by St Udio


Geithner was involved up to his eyeballs (but of course his hands were free to sign papers !)

He went before Congress several times.

January 28, 2010

August 2, 2012

And they would absolutely have to 'prime up' Bernanke. He's bungled his story in front of Congress a few times already.

Quick everyone! Tweet this and share it on Facebook! That'll show the government!

Although outrageous and honestly, quite sickening... My question, what are we going to do about it? Most likely, nothing. That's why the government can continue to mistreat the laws of this nation, twisting them to suit their perversions and get away with it.

Here's a story from
6/7/2012

Bernanke: ‘A trillion here, a trillion there…’
Keep in mind that this is the Federal Reserve Chairman.

He was before the Congressional Joint Economic Committee.

The arrogance is astounding.

The video below is evidence that he double talking and blabbing

Bernanke is a criminal. He is extremely dangerous.

Federal Reserve Chairman Ben Bernanke told the Joint Economic Committee absolutely nothing of real value Thursday -- which was more than enough to chill the market.

Takeaway: unless economic conditions further deteriorate, no big Fed actions are forthcoming. (Or, who knows, maybe they are?) "The Federal Reserve,” Bernanke explained, “remains prepared to take action as needed to protect the U.S. financial system and the economy in the event that financial stresses escalate" -- though he later added that the European meltdown poses "significant risks" to the U.S. recovery.

Bernanke also pointed out -- probably for the benefit of all those financial journalists who think otherwise -- that “monetary policy is no panacea.”

Dangerous ... very Dangerous !! and it's no joke anymore

What's somewhat surprising, though, is that while Republicans are adamant about QE3 -- a big “no” -- Democrats seem thoroughly ambivalent on the matter. Since the "stimulus" failed to achieve its self-proclaimed goals, many on the left have been advocating for a larger injections of money into the economy. The most effective way to do this, without having to deal with that pesky mercurial democratic process, is to use the Fed.

Texas Republican Rep. Kevin Brady, for instance, said, “I wish you would take QE3 off the table. I wish you would look the markets in the eye and say that the Fed has done too much.” Sen. Jim DeMint (R-S.C.) claimed that the Fed’s stimulative efforts “are giving us a false sense of security.”

To this Bernanke joked/said “a trillion there, a trillion here” won’t solve the debt crisis.

Obama Fed Chairman on debt: "Trillion there, a trillion here... doesn't make much difference."

U.S. Senator Jim DeMint (R-SC) questions President Obama's Federal Reserve Chairman Ben Bernanke how increasing interest rates will affect U.S. debt payments. Bernanke stated that a 1% increase in interest rates would cause $100 billion per year increase in size of U.S. debt, or $1 trillion in new debt over 10 years. DeMint stated: "That's real money." Bernanke responded: "A trillion there, a trillion here... doesn't make that much difference."

They take economic prisoners by the millions and only let them go one at a time !!

Originally posted by VictorVonDoom
What? The Chairman of the Federal Reserve is a high ranking government official? When did this happen? I thought the Federal Reserve was a private banking cartel.

When you control the money you are above the law. The bailouts of the banks and Wall Street proved this to be a fact.

reply to post by VictorVonDoom

Haha, a good point!

Yeah that doesn't seem suspicious at all, i mean if they aren't
doing anything wrong what do they have to hide? Also to
slam that point home, to protect this country their privacy
needs to fall by the wayside, we have national security
to consider here, i mean heck how do we know they aren't
funding terrorism with that money???

If they don't care about our privacy then theirs is sure as
H E double hockey sticks not a concern of mine.

reply to post by wrabbit2000


I agree that it seems to happen frequently with the government acting in a supporting role manner rather than using them for what they were made for; inquiring about the oversight of executive heads from public to private as well as to vet new "nominated candidates" for executive branch openings. The nomination process is the tail wagging the dog for sure. Chuck Hagel comest to mind..

Since I sourced wiki I thought I would add a snippet of the details found on Wiki about the Federal Open Market Committee. I conspiracize they caused the tech "glitch" during one of their 6wk meetings. Maybe tech sector lashed out and blocked their backdoors or just another farce to believe something of that nature. Wiki - FedOpen Market

Wiki source about the FOMC

The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System (the Fed), is charged under United States law with overseeing the nation's open market operations (i.e., the Fed's buying and selling of United States Treasury securities).[1] It is this Federal Reserve committee which makes key decisions about interest rates and the growth of the United States money supply.[2]

It is the principal organ of United States national monetary policy. The Committee sets monetary policy by specifying the short-term objective for the Fed's open market operations, which is currently a target level for the federal funds rate (the rate that commercial banks charge between themselves for overnight loans).

The FOMC also directs operations undertaken by the Federal Reserve System in foreign exchange markets, although any intervention in foreign exchange markets is coordinated with the U.S. Treasury, which has responsibility for formulating U.S. policies regarding the exchange value of the dollar.


The Federal Open Market Committee was formed by the Banking Act of 1933 (codified at 12 U.S.C. § 263), and did not include voting rights for the Board of Governors. The Banking Act of 1935 revised these protocols to include the Board of Governors and to closely resemble the present-day FOMC, and was amended in 1942 to give the current structure of twelve voting members:[3] the seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank presidents.

The Federal Reserve Bank of New York president always sits on the Committee, and the other presidents serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of banks, one bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco.

All of the Reserve Bank presidents, even those who are not currently voting members of the FOMC, attend Committee meetings, participate in discussions, and contribute to the Committee's assessment of the economy and policy options. The Committee meets eight times a year, approximately once every six weeks

Originally posted by VictorVonDoom
What? The Chairman of the Federal Reserve is a high ranking government official? When did this happen? I thought the Federal Reserve was a private banking cartel.

You thought wrong.

The Federal Reserve System is authorized and structured by U.S. Federal Code. The U.S. government appoints the governing managers, sets the policy, and takes ownership of profits after expenses. Regardless of technicalities, in any real sense the Federal Reserve is an organ of the US government. It is structured to be less influenced by the usual political-party patronage system than other Departments of the U.S.

If it gives too much deference to private-sector financial power and self-interested influence, that's a phenomenon not limited to the Fed.

Originally posted by BritofTexas

Originally posted by gladtobehere
Really? PUBLIC SERVANTS shouldn't have to testify or be held accountable for crimes because they're too busy?

REALLY!?!?!?!?!!!??!?!

You're suggesting AIG shareholders not getting more money in the Bailout was a CRIME?

REALLY!?!?!?!?!!!??!?!

AIG shareholders deserve more money from the managers who looted their company.

reply to post by mbkennel


So, is it part of the Executive, Legislative, or Judicial branch? Do their paychecks have "United States Treasury" on them? Can you get documents from the Fed by using the Freedom of Information Act?

Spoiler alert .... neither, no, and no way in [Biloxi in July]. The Fed only seems to be part of the Federal Government when it is convenient for them.

10 Things that Everyone Should Know about the Federal Reserve

The Federal Reserve openly admits that it is privately owned. When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was "not an agency" of the federal government and therefore not subject to the Freedom of Information Act.