Bernanke Threatens Economic Collapse If Fed Audited

[nbhadja]

http://www.prisonplanet.com/bernanke-threatens-economic-collapse-if-fed-audited.html

YouTube - Bernanke warns that meddling with Fed's monetary policy cause harm economy (http://www.youtube.com/watch?v=rjULF_Xg6Ps&eurl=http%3A%2F%2Fwww.prisonplanet.com%2Fbernanke-threatens-economic-collapse-if-fed-audited.html&feature=player_embedded)

"Federal Reserve chairman Ben Bernanke unleashed an alarming veiled threat of financial terrorism when he was questioned by Rep. Duncan on Thursday about his response to the fact that a majority of Congress co-sponsoring Ron Paul’s H.R. 1207 bill to audit the Federal Reserve.

Bernanke clearly regarded the bill’s intent as hostile to the institution he represents:

“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.”

[Draco33]

Scare tactics. Fuckers. Congress is the one who gave them the power in the 1st place.

On a side note ... Was the person at the end yielding time Tone Loc? :D
YouTube - Tone Loc - Wild Thing (http://www.youtube.com/watch?v=387ZDGSKVSg)

[Stary Hickory]

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."

Andrew Jackson

[torchbearer]

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."

Andrew Jackson

do you know where this quote comes from... as in what year, location, letter, article, or speech?

[Philmanoman]

I found Andrew Jacksons quote here.

http://quotes.liberty-tree.ca/quote_blog/Andrew.Jackson.Quote.4F92

[scandinaviany3]

http://www.prisonplanet.com/bernanke-threatens-economic-collapse-if-fed-audited.html

YouTube - Bernanke warns that meddling with Fed's monetary policy cause harm economy (http://www.youtube.com/watch?v=rjULF_Xg6Ps&eurl=http%3A%2F%2Fwww.prisonplanet.com%2Fbernanke-threatens-economic-collapse-if-fed-audited.html&feature=player_embedded)

"Federal Reserve chairman Ben Bernanke unleashed an alarming veiled threat of financial terrorism when he was questioned by Rep. Duncan on Thursday about his response to the fact that a majority of Congress co-sponsoring Ron Paul’s H.R. 1207 bill to audit the Federal Reserve.

Bernanke clearly regarded the bill’s intent as hostile to the institution he represents:

“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.”

It was there power to give away in teh first place, if you can believe they even have the right to ignore the supreme court on that...

amazing simply ...amazing...they have to be audited...no different than national security the congress must have complete oversite

[StilesBC]

Central banks try to use the argument that their "effectiveness" is better when they are an independent agency. They veil this with BS arguments like suggesting that putting the central bank under congress would be a step toward socialism. That's the monetarist ideology speaking.