Ben Bernanke: Federal Reserve audit would constitute "takeover" by Congress

[Ipostle]

As much as the Israelites have married outside their families, I doubt there're anymore pure Jews left. As for their expert handling of money; as long as you give Paulson/Bernanke control over the money, I'm sure they'll be thrifty. Every dime may get paid back but the use of trillions that were created goes unchecked.

[TheCorporationNation]

Think folks! Bernanke just told you that Congress has control of the Fed, and that its independence is no different than a McDonald's franchise is separate from McDonald's Corporation.

With a stroke of a pen, the Fed can be ended by Congress, and in fact only by Congress, by law!

The audit is the over 530 page CAFR.

The president appointed Bernanke. The President appointed the 7 Board of Governers. And the President appoints the President of the Fed by proxy vote of the Board.

IT'S FEDERAL!

[SLCforLIFE]

this guy will need a lot of therapy soon. actually a lot of security and therapy

[djcarpentier]

bernanke sounds very nervous

[democratsaresmart]

JEWISH PEOPLE ARE VERY SMART. I AM NOT JEWISH, BUT I ONLY GO OUT WITH JEWISH BOYS. I LIKE JEWISH BOYS THEY ARE SMART. JEWISH BOYS CREATED CAPITALISM . MUSLIMS HAVE OIL, THEY PRAY 5 TIMES. GOD GAVE SOMETHING TO EVERYBODY.

[rickyx1]

* countercurrents * org/bailout240711 * htm

the fed got audited coz of ron paul and alan grayson

[oldereb38]

The Fed handled $8.4 TRILLION from the auctions of the Treasury securities and hid the money from Congress. The law, Title 12, section 247, requires the Fed to make a “full report” to congress. Hiding that profit from Congress sounds like embezzlement. Ref. 3w scribd dot com message 49040689

[032490mf]

The fucking federal reserve is a bunch of thiefs. Fuck them all. Communist fucking cockroaches. Time for America to wake up. Hang the fuckers for Treason. The constitution clearly states that monetary policy is to be controlled by congress. Not a bunch of private fucking assholes

[rancidmilk19]

Ben Bernanke vs Mike Tyson i bet they could sell 14 trillion bucks worth of tickets for that one....

[shanemacc]

I don't think Bernanke get's it... we WANT the control of the FED taken over, dude Ben ...what do you think this is all about - you and your buddies fuked it up, it's way past time for you to leave... and give control of the monetary system back into the hands of the american people

[rclark23]

Louis McFadden Quotes: Mr. Chairman, I see no reason why citizens of the United States should be terrorized into surrendering their property to the International Bankers who own and control the Federal Reserve. (The Great Depression resulting from the Stock Market crash) was not accidental. It was a carefully contrived occurrence....The international bankers sought to bring about a condition of despair here so they might emerge as rulers of us all.

[jneil2007]

People are afraid of the Congress doing the job it is prescribed to do by the Constitution. And they havn't had that power since 1913, maybe even before the Civil War.

[FieldingYost]

what would be "highly destructive to the stability of the financial system" is not the audit that happened (somewhat) but to have the the financial system in the hands of a few unchecked men who are primarily concerned with their own capitol interests and not the quality or fairness of the system itself.

[pillowbugg]

Let them crash it and we will re-institute the gold standard. THEN, we can hang those fuckers for treason after we learn who really controls America. Their house of cards will fall. This is what needs to happen to bring the whole shithouse down!!! After suffering for a few months.....Prosperity like never before.

[Champizfast]

1:30-2:13 Did you see the rabbit hole?

[kappad0g]

the major phrase for corruption in the USA is, "I don't understand!".......Come on people, if they wanted to audit FR it would have been done years ago!....The United States of America is now thee most corrupted nation on earth! I really feel sorry for its citizens as most feel they live in a free country....WAKE UP! Before its too late!!!!

[AlexTronic777]

The congress holds the power to issue currency, yes? So why do we need these money grabbing, self-serving private individuals to do it for us?

Hell, I´m all for the Greenback, Tallystick etc.

We have to speak up for ourselves and have these people disestablished before they can lawfully legitimize a new system of enslavement and start over with a clean slate so to speak.

WATCH:

The Money Masters (1996)

Money as Debt 1 (2006)

Money as Debt 2 (2009)

[GoLuckyOops]

How about fear tactics working either way on this issue? Lets use Bernanke's fear tactics...

A secretive FED that can work nationally/internationally in private, taking risks in secret and creating cycles of booms and busts "would be highly destructive to the stability of the financial system, the dollar and our national economic situation".

[GoLuckyOops]

work with the congress? YOU WORK FOR THE CONGRESS, not with it Bernanke! (Bernanke likes the status quo, the FED can do anything in secret. Audit the FED!). Mr. Bernanke, the constitution specifically gives the power to coin money to congress.

Either repeal the constitution or get your facts right Bernanke. You don't work with congress, you work FOR congress. ACCOUNTABILITY, our congressmen have the right to audit the FED, however the congress decides to coin money, bless the constitution

[GoLuckyOops]

"The fundamentals of the economy are sound."

- Ben Bernanke 2007

lol. That's all we need to know! The chairman of the FED's assurances about the results of what the FED did. Or at least what he can recall from memory about their secret meetings! haha. now THAT's transparency! lol.

Please help support the Federal Reserve Transparency Act! (senate S 604, house hr 1207)

Our representatives have the right and responsibility to audit the Federal Reserve!

[mrjustin5]

Bernanke: "We think we are quiet transparent." OH, you have a WEBSITE now? And its ONLY 2009?!

In late 2008 I saw David Icke at Los Angeles.

I was extremely disappointed and frustrated when I left. Everyone knows they're getting raped and their wives and children basically murdered by these people. Our futures are destroyed.

No one fights back. No one stands up. They're should have been RIOTS and BLOOD in the streets that night. Instead, they just take it up the ass.

[therock92555]

do any of the people in congress see the craziness this man is saying?

[WPAJoker]

"Take over by Congress"? So what!  Article One Section 8 of the Constitution gives them that power.

[BigBird1017]

1:10 The Fed releases economic statistics, not strategic nor tactical information on their activities. 1:50 "Takeover" by Congress? Take over control of our currency and the power to determine its value? It's the Fed which has NO AUTHORITY to do this! Read about Andrew Jackson's battles with Henry Clay and Nicholas Biddle over the then central bank, the 2nd Bank of the United States. Jackson risked his political career to abolish the central bank, which was destroying the US economy, in 1832

[FreedomsReigning]

Bernanke-(shill for multinational banking cabal)- "We think we are quite transparent"

If by "transparent" he means completely unaccountable, I guess he would be correct.

[FreedomsReigning]

The people have your scent thieves and are following the money.

Our currency needs to be put under the sole stewardship of congress and the treasury.

[siranar]

he is peeing in his pants..

[citimeta]

so the congress are worse than a bunch of fed guys because they will destroy their own nation...? that is plain madness. how stupid is that

[JaseyaJ]

He'll cause his own destruction. (Ben)

[Davebierman]

What an Asshole

[decieveusnot9]

End the Fed and delouse Congress, our only salvation!

[rileyo629]

HAHAHAHAHHAAHAHA

He's scared you can hear it in his voice

[FriedDaisy]

Transparent means transparent. Keeping the identities of those who received taxpayer dollars as part of the Bailout a secret is not an act of transparency.

People have begun doing their homework Mr. Bernanke and what they are learning about the History of the FED and how it is currently owned and operated like a criminal banking cartel-- with the U.S. taxpayer as the mark-- leaves millions of us feeling more than a little bamboozled. and righteously outraged.

[Muslim4Jesus]

this is frickin ridiculous!! doesn't the Constitution allocate the power of printing money to CONGRESS? so ya DUH Bernanke, a Congress takeover of the Fed is actually what needs to be done according to the Constitution

[a7green]

....... He managed to get a little threat in there, in the end.

[BlueTunisia]

END THE FED!!

[erwickline]

"a repudiation of the independence of the Federal reserve, which would be highly destructive to the stability of the financial system, the dollar, and uhh our national economic situation."

[LooseLatitude]

"Audit us and we'll burn it all down." -Ben Bernanke

[FreedomsReigning]

Cap and trade had one cosponsor... Everyone else got paid off. Dave Reichert, the turn coat Republican fro Washington States 8th district, is now running cap and trade ads painting himself as a great leader for environmentalism. Where did he get the money to do that? The republicans? The Democrats? Special interests!

[FreedomsReigning]

HR 1207 is not going to pass... did you see what congress just foisted on the people? Global Warming is a massive HOAX, and the people burned down the phone lines telling them so. Congress is full of rubber stamping slaves serving the agenda coming out of The Council on Foreign Relations, and Bilderberg. We have no representatives. We just elect these guys from the two parties to steal from us.

[jrsygrrrl]

An audit is a process of "fact finding". There is nothing about an audit that implies "makeover". Perhaps Mr.Bernake is showing his hand already in that when Congress learns of the shady dealings of the FED a "takeover" would be the prudent thing to do!

[BlueTunisia]

Well said!!

[andrewh23]

God knows what this asshole will do when the bill passes. Hopefully, he throws himself off a fucking roof like the people who lost their money in the stock market.

[andrewh23]

Congress should handle monetary policy for United States because it's the United States Congress!! The Federal Reserve is a private bank who spends our tax dollars without having to tell us where it goes. His argument is like claiming the the Courts have inappropriately taken over the justice system in US. This guy has his foot so far down his throat that his toes are sticking out of his ass.

[andrewh23]

Bernanke is threatening to crash the economy if the Fed is audited. What a giant douche. He knows he broke the law on the Bank of America deal. The value of the dollar has gone down 96% since the Federal Reserve began in 1913. Great Job guys!

[Kwicherbichen]

Sounded like he's making a threat to Congress and America. Strangely, Bernake calls himself and American. As far as I'm concerned he's a traitor and should be put behind bars.

[mahakala]

Bernanke's voice is shaky it sounds like he is going to cry

[Kadzait1]

He said it would be a repudiation of the fed reserve. Which means denial of the fed reserve. So everyone would believe in the fed reserve and their work destroying them. If I got the definition right. As he said it would be destructive to the fed reserve. Well damn straight it would damage the fed reserve only if their HIDING something that the people wouldnt approve of. After all they are STEALING out tax money, or out money period.

[stonegrace]

hear how shaky Bernanke's voice is! Ron Paul is finally getting people to see things through his eyes!

[maeon3]

Secrecy is absolutely necessary in maintaining a corrupt organization.

[jaingxu]

Wow it seemed like Bernanke was nervous.

[jollymeister1]

Section 8 - Powers of Congress

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

[jaingxu]

Amen, power to the people! Through congress.

[cummyCroissant]

Of course Bernanke doesn't want the Fed to be audited, because if it is the party will be finally over.

[pmh2k3]

"Highly destructive for the stability of the financial system, the dollar, and our national economic situation"... just look at the fantastic job the FED's been doing in those areas over the years!

What a shameless tool.

[BeatsRoyale]

LOL! Congress would jeopardize the "independance of the Federal reserve!?

I say Audit these fuckers, and then throw them in jail!!!

[Organjic]

Was that a threat???

[FriedDaisy]

Organijic: That's how I took it.

Remember how they & their tools fear mongered, threatened and outright bullied Congress into passing the bailout? This is just more of the same.

[armindee]

Yeah you release censorshiped material....END THE FED!

[ronpaulspanish]

THANX FOR POSTING!

[Scoforever]

AUDIT THE FED. THEN END IT!

[ronpaulspanish]

THEN BAN IT!

[Scoforever]

THEN KILL BERNANKE AND GREENSPAN. I may have gone too far there.

[ElCapitan1985]

hahahaha, well at least put them in Federal Prison....if not a noose.

[Scoforever]

Turn the fed into a federal prison.

[ronpaulspanish]

HAHAHA!

[Re3volution]

Not really.

[anthony5680]

Great Clip!!! He sounds like he's concerned about our Congress, maybe he thinks it would be too much work for them, what an ass!

[WPAJoker]

You mean like what's in Article One Section 8 of the Constitution? I think we're starting to scare the shit out of those bastards.

[Guest655321]

A taking over of the monetary system by the congress? like in the Constituation? Get the fuck out.