Here are two interesting videos as Big Brother Ben Bernanke getting grilled by members of Congress. He’s feeling the heat as Ron Paul’s HR 1207 is gaining momentum. Also, Americans are starting to understand the fraud that the Federal Reserve really is.
This first video, Senator Sanders (I-VT) goes off on him about how transparent the Federal Reserve is.
This second one, Rep. John Duncan(R-TN) asks The Dark Lord of Sith Bernanke what would happen if HR 1207 were to passed. Basically, Little Ben says that our economy would collapse.
When you put these two videos together, Bernanke is saying that we are more than willing to work with Congress and the people, but only how we deem too. I loved his comment if the GAO audited the Fed, it could mean that Congress would start dictating monetary policy. I think someone need to point out to Little Ben that Article I-Section 8 of the Constitution already gives Congress that authority. Senator Sanders did a great job about asking him about who received these funds from the Federal Reserve.
Everyone knows that when the Fed increases the money supply, inflation rises. However, the inflation increase is not an overnight reaction. It does take time for prices to rise to the new money supply level. The banks (among others) receives these funds first and make their purchases with the new money WITHOUT the inflation increase. The Inflation is not felt until the money has worked its way into the system. TRANSLATION- When the money finally works into the hands of the people, inflation has kicked in while the fat cats who first received these funds are immune to it. So when the fat cats receive the money, it has a higher value. Once we get our hands on it, the money is worth less. The Federal Reserve policies insure this.
Seriously, can we allow the Federal Reserve to keep acting in secret? We know that they discuss policies with other Central Banks. Why should we know about these discussions? Also, why can’t we get a list of the major stockholders of the Federal Reserve? (A Private Bank with private shareholders)Is there any other company that isn’t subjected to an audit? (Either by the SEC or IRS) So why shouldn’t the GAO audit them. It is our money they are playing with!
Please, call your Representative and tell them to support HR 1207.
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Bernanke On Fire, Where’s the gasoline?
Here are two interesting videos as Big Brother Ben Bernanke getting grilled by members of Congress. He’s feeling the heat as Ron Paul’s HR 1207 is gaining momentum. Also, Americans are starting to understand the fraud that the Federal Reserve really is.
This first video, Senator Sanders (I-VT) goes off on him about how transparent the Federal Reserve is.
This second one, Rep. John Duncan(R-TN) asks The Dark Lord of Sith Bernanke what would happen if HR 1207 were to passed. Basically, Little Ben says that our economy would collapse.
When you put these two videos together, Bernanke is saying that we are more than willing to work with Congress and the people, but only how we deem too. I loved his comment if the GAO audited the Fed, it could mean that Congress would start dictating monetary policy. I think someone need to point out to Little Ben that Article I-Section 8 of the Constitution already gives Congress that authority. Senator Sanders did a great job about asking him about who received these funds from the Federal Reserve.
Everyone knows that when the Fed increases the money supply, inflation rises. However, the inflation increase is not an overnight reaction. It does take time for prices to rise to the new money supply level. The banks (among others) receives these funds first and make their purchases with the new money WITHOUT the inflation increase. The Inflation is not felt until the money has worked its way into the system. TRANSLATION- When the money finally works into the hands of the people, inflation has kicked in while the fat cats who first received these funds are immune to it. So when the fat cats receive the money, it has a higher value. Once we get our hands on it, the money is worth less. The Federal Reserve policies insure this.
Seriously, can we allow the Federal Reserve to keep acting in secret? We know that they discuss policies with other Central Banks. Why should we know about these discussions? Also, why can’t we get a list of the major stockholders of the Federal Reserve? (A Private Bank with private shareholders)Is there any other company that isn’t subjected to an audit? (Either by the SEC or IRS) So why shouldn’t the GAO audit them. It is our money they are playing with!
Please, call your Representative and tell them to support HR 1207.
Lambo
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