Federal Reserve: Same old sheriff on Wall St

[Skyeyehawk1]

How in the hell do you put the fox in charge of the hen houses? To give the Treasury aka World Bank total authority over the large companies of America, would eventually put America in a position to fall.

[DreamworxCanada]

That's why they implemented all those rules after the crash of '29!! AArrrgghhhh!!! "They were caught off guard??!!" These are the same people who make the rules. Who does Obama think he is kidding?!?

[ananiasacts]

Maybe next election we should write in a candidate who genuinely is representative of the American people: Tarquin Fin-tim-lin-bin-whin-bim-lim-b­us-stop-F'tang-F'tang-Olé-Bisc­uitbarrel.

[jerdeb4evr]

It has never before been so easy to watch a President of the United States lie. Sorry Bill, Barack has beat you out

[PeaceLoveGoddess]

After watching hundreds of videos over recent months about the economic collapse including The Creature From Jekyll Island, this one more than ANY other made me want to weep for our countries and our world. How COULD we have been so duped!?!?! What a travesty of justice! I am shaking with rage at the greed - for money and power - of these elite scum at the expense of the general population!!!

[malkooth]

You got to admit Bushie and Rovian using the meme 'elites' to garner support of the wife beating knuckle draggers was pretty supreme. Sort of like on of them yogi cults.

[kip2778]

The so called big banks either own class a stock in the the federal reserve or are class a, b, or c presidents of the reserve. My question is, how can the federal reserve claim they couldn't see this coming?

[dandiacalbody]

"There is no other agency of government that can overrule actions that we take"

Alan Greenspan

WHAT THE FUCK !!!

I wanna be a bankster when i grow up

[sheepblitzer]

Watch Ed Griffin's lecture here on youtube called "The Creature from Jekyll Island" about the Fed. at least watch the last part, it really explains alot. he talks about how the goal of those behind the fed is ultimately to have total power. its not about the money neccesarily (they can print as much of that as they want). its about POWER! they use that money to buy up EVERYTHING; to gain control of every single organization and instution in the world that wields some sort of power.

[deckchairs1]

It appears Obama is a Fascist asshole from Hell.

Fraud. Liar. Imposter.

[deckchairs1]

Oh yes.

Add war mongering murderer.

How's that Hope for Change. Yes we Can't.

Had enough?

[h0tie]

HOLY SHIT! THIS SUCKS

[jak1428]

oh shit...

[JSparkleZ2]

So let me get this straight to make sure I'm hearing this correctly...

1. We have a huge economic collapse due to fractional reserve banking that allowed people to overleverage risky investments.

2. We bail out the banks who caused their own failure

3. We give more authority to the federal reserve system that enabled the banks to over leverage.

Well at least we have a logical solution thought up

*face palm*

[slimpyman]

the fed is and will be the death of america. everytime someone builds up the invulnerablility of the fed, the more they crumple us and our freedoms to pieces

[MrMP81]

Abolish The Fed >:I

Otherwise, you will NEVER even begin to fix these problems.

Giving more power to the Fed = cout de ta

Real News should have mentioned Ron Paul's bill HR1207 that will audit the FED ( with over 230 Sponsors now )

He's been the strongest opponent against The Fed on the hill for 30+ years.

[MrMP81]

What Robert Pollin suggests is counter to what should be.

The FED is ILLEGAL, point blank and period. Why the hell would you even want to validate their existence that much to have the people be deceived into thinking they should vote for them when they shouldn't even be around?!

[GenXFuturist101]

makes me say .... FUK the "fat boys" of the world... they haveNO POWER outside of their own ability to wipe their own backsides in my book. In fact they can watch as they collectively flush themselves down the big-boy-shitter.... that is the only permission they now have from me....

[Court4123]

AMEN! I join with you in prayer!

[nibelungensohn]

Grayson is the man.

[GenXFuturist101]

My fellow Americans - the FED will no longer continue to exist nor shall it ever again have the ability to control any supply of monies. This institution IS NOW and shall always remain furthermore only in name alone that institution which it has historically existed as. This BEAST of a plagiearizer shall cease to have ANY functional power over the humans of this Earth from this current day forward. EXCEPT that it shall keep it's name and be reduced to the TOOL that it should always have been.

[bishop102]

It really is striking how these so called profesionals and chairmen know nothing about what they are suppose to be administrating.

[curmosc]

Well they better realize that the american military industrial complex is moving setting up militarily to make sure that they can stay in power longer.

[panlight]

The shift of wealth from the "lower classes" to the super rich is all about who really OWNS america. The current quest to is in the form of homicidal greed that also verges on suicide for the perpetrators of the fraud (who (by coincidence) are the inherited owners of the Empire - a business masquerading as national sovereignties.

[Court4123]

wow i am dissappointed in the realnews coverage of this issue. they usually are knowlegable on issues but here they show they do not know the history of the fed and its structure- its NOT PART OF THE GOVERNMENT - its privately owned. please inform yourselves about jekyll island and the history of central banking before you cover this topic further - you are only getting us closer to totalitarianism when you dont understand who really runs the fed and its real purpose.

[GenXFuturist101]

sorry about the negative rating... I tried to rate positive but I missed the thumb UP.... :( no negateive on my part.. sorry bout that.

[2020peter]

The Fed isnt simply "NOT PART OF THE GOVERNMENT - its privately owned" as Court4123 says. It is "a quasi-public and quasi-private (government entity with private components) banking system that includes the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C. There may be little accountability and the private banks may call the shots, but its not privately owned.

[Court4123]

Really Peter, who provided the capital on it then? And, who profits from the interest? Not us, the people, but the owners - the banks that operate it. Here on Youtube you can listen to G Edward Griffin for a detailed history on how the Fed was established and how it profits its PRIVATE owners. Quasi- government just means that it has an apparence of being publicly run - the president approves its chairman...;

[deckchairs1]

Yes. this is nothing more than organized crime.

The ramifications are staggering. Farmers, business owners can be driven out, new energy tech stifled, you name it.

[peymaania]

Greenspan = GreenScam,

as in your hard earned Green backs being

scammed! How does it feel to get so royally screwed Mr. and Mrs. America?

[klard]

nationalize the Federal

Reserve.

[iratetruth]

Capitalism FOREVER I love it let the money roll baby lets bring it back because im ready to play baby amierca is great.

[blackiron60]

Capitalism remains the official state ideology of the United States - given the actions of the FED and Obamas weak-willed policies I don't think anyone in their right mind can deny that anymore. This is not change.

[WeAreWakingUp]

Wow! I could just see right through their lying eyes.

[nasanction]

5:45 to 6:26 This is the exact reason that they can not control our currency! Full power and secrecy over our money in anyones mind, can not be trusted! Period, end of discussion, end the fed...

[DonkeyofHeaven]

The important issue is summed up in the very appropriate label "casino capitalism." The whole phony "free market" is just a gambling den; there is no real "market" there when the markets are speculative markets. A market buys and sells things: vegetables, candles, washing machines, etc. What the casino capitalism buys and sells is "speculation" offers not things. Stocks are no longer valued on actual company value, they are bought and sold at purely fantasy value. There oughta be a law!

[brotherjupiter]

Has no one in the administration noticed that the Jewish cabel err Federal reserve could have saved us a lot of grief if they had simply enforced their original mission statement to protect the financial system from everything we were supposed to have learned from the 1929 financial collapse?

Something very Jewy about all of this.

Ps disabled,homeless and destitute after losing all my honest hard won life savings in this completely avoidable mess.

[Snowflake70]

Check out the Strawman Illusion

[alexn159]

what is greenspan even talking about?! the congress created them and can take them away so they are under control of government

[alexn159]

they exercise too much power! the problem is not the lack of regulation by the fed, it is the lack of regulation ON the Fed, or the very existence of the Fed.

[MatteNoob]

With huge powers comes huge responsibility.

Will the FED be held accountable, when it is not even audited? When congress has no right to know what the FED does?

Why would anyone want to give an institution, which is not being held accountable and which is not transparent, more responsibility?

The answer must be that they are corrupt.

[intolerantape]

Also be sure to support H.R. 1207's companion bill, S. 604 (the Federal Reserve Sunshine Act) by calling or mailing your states' Senators.

[RedStarRevolver26]

Audit the FED. Support H.R.1207

[bootleg42]

Yes, finance must be democratized NOT privatized and NOT left to markets of any kind.

[bbnemesis123]

$12.8 Trillion allocated and $4.17 authorized spending to Wall St.(according to Bloomberg). Obama is lying as usual. The FED has TOO MUCH power. The FED is the reason for this crisis and every one since the FED was made. NO depressions or panics happened when the U.S was on the gold standard. This FED bitch is covering up for the FED's criminal activities. Elizabeth Coleman is employed by the FED!

H.R. 1207 Audit the FED needs to pass. I would rather just get rid of the FED.

[bbnemesis123]

$4.17 Trillion(I forgot to type Trillion above)

Geithner and Summers lobbied to get rid of the Glass-Steagul Act. Now, these jackasses are going to fix the crisis, but with more power. Greenspan is the one who stopped the oversite of the derivatives. Greenspan said that there was nothing wrong with the derivative market. Geithner, Summers, Bernanke, and Greenspan need to be the first ones on a JURY trial for this crisis. When the U.S economy collapses, I hope these ppl are put on trial.

[freekrolik]

elected puppets with one looking truley elected 8:53

[FreakishDonQuixote]

without the fed and the ECB we'd be in deep trouble now.

[Squirelbutt]

What? the fed is the root problem.

[FreakishDonQuixote]

no, missing regulation is the root problem

[Squirelbutt]

There is nothing congress can do to regulate the fed. Therefore the fed is the problem. Unless they revoke the powers of the fed.

[FreakishDonQuixote]

well, it isn't the fed that need regulating...

[yz250thatownsyou]

fed creates the problem, now they fix it by getting more power.

[Paetaor]

How can he expect them to know where every measily Billion went?

Or how the money is doing.

Wonder how much of the DOW they bought up while the CEOs and friends dumped their stock?

[asperin]

Y'all heard Greenspan !

The FED can do whatever the fuck they want without ANY government person/agency changing what they do.

That shows you WHO runs America.

Stop paying your taxes, work with cash, buy silver, boycott their companies, help overthrow the State.

[medliberty]

The Feds function is to protect the big boys on Wall St. Its just outright fraud and bribery. We need someone to investigate this and file criminal charges whenever appropriate. Meanwhile, the dollar is doomed. Some other currency will take its place. The consequences of that are enormous but as yet unrecognized in the media.

[horny4bears]

was not wallstreet, part of the first 2 great depressions?

[aesopstruth]

The Constitution should have Specifically stated that NO private banking industry would Ever be Allowed to operate within the country. Any private central bank with the ability to issue and distribute credit currency has the power to bounce the economy UP and Down like Y0-Y0 creating chaotic confusion.

[Idtelos]

HOW CAN YOU NOT KNOW WHO YOU ARE GIVING THE MONEY TOO!? do you close your eyes and just hand it out? it seems that way. the fed calls all its bank minions and with their eyes closed, throws cash at them.

[Idtelos]

Indeed. Obama is nothing more than a puppet for these bankers. he is a slave to the globalist bankers who wish one world currency, one world government.

[boots920]

End the FED or kiss your country and your freedom good-bye.

Its as simple as that:

1776 Gold $20 (measurement of economy)

2009 Gold $1000 (The Fed with government co-operation is counterfeiting money, the damage will be global and absolute). Audit the FED NOW !!!

[bbburton]

Get rid of the Fed! Pollin is an idiot.

[zayadnay]

what more messed up is that our american empire is going down the shitter, but that does not mean the end of wars in the world... international bankers will just invest their money in another tyrannical country like china or russia so they can go and kill people in other countries.. this shit never ends!!

[chewbaca1989]

Bullllllllllllllllllllllllllll­lllllshit.

Fed is a failure, a unconstitutional failure.

Support Congressional bill: HR 1207

Audit the Federal Reserve, abolish it will follow.

NEWS FLASH! We don't need the Central Bank, INTERNET IS THE SOLUTION.

[000deadcalm000]

Surely Obama is aware of HR 1207 to Audit the Fed. He also has to be aware that this is only the first step in Ron Paul's plan to abolish the Fed once we see just how criminally they have handled public funds. So what does Obama do? Tries to give the Fed even more control and power to do whatever they want with your money. Now that's hardly the "Change we can believe in" that was promised in the election. Obama knows that his ride on the gravy train was financed largely by Wall St. U do the math

[Jesusoceanside]

Great minds think a like

[zayadnay]

holly shit!!! are you fucking kidding me? can these fuckers be any more arrogant?!! fucking hang their asses!! they are costing us and our children trillions of dollars, they are throwing our future in the dumpster... follow the irany protesters' lead! overthrow the fed!

[terraceterra]

The FED are a bunch of pirate vampires who need to be dealt with immediately by killing it not giving it more power. America is doomed on the path it is on.

[Soupaman219]

Go Grayson!

[StephinRazin]

non-existant regulation? What world are you living in? There is too much regulation and no implementation. The SEC was investigating madoff, and was told what he was doing and did nothing.This new bill means the FED can seize ANY PRIVATE COMPANY AT ANY TIME. Suppose I write an editorial about the unjust fed. boom my company seized. Its free markets fault. Oh wait.... Shut up the tv told me everything is fine. LALALALALALALA Im not listenin!!

[TABOOVSKNOWLEDGE]

regulation with no implementation is non-existant regulation!

[iiiichaos]

No mention of Ron Paul's HR1207?

[EthanMontgomery30]

As usual, this is a problem contributed to by both Democrats and Republicans. I do agree that there should be separation between "vanilla" banks and speculative casino banks. But it should be the responsibility of the investor to know what their bank is doing with their money. If the average saver or business did their homework, we could avoid all this extra government regulation. Three cheers to Alan Grayson! Write to tell your congressman to co-sponsor HR 1207.