Senator Bunning: Crisis Caused by the Federal Reserve [1]

[streetwhereulive]

Get rid of the Federal Reserve not unemployment!

[PoorMansPlato]

maskedphrogg, You are quite right my friend, Fed Reserve is an entity unto itself, Causing more harm than anything! Printing money to pay interest on money they never had in the first place, ergo massive inflation and economic ruin!

[dalindozindo]

If you have not read the creature form jekyll island i suggest you should. It describes the federal reserve at it's core when you peel away all the outer layers of intentional complexity. You could probably watch his lecture on youtube(type creature from jekyll island) to get a feel of what the book is like. Although it's getting quite popular these days so maybe you already have read it.

[dalindozindo]

They have unlimited power as it stands already. Simply auditing them will achieve nothing,Ron paul knows this but i think his real goal is to simply put them more in the public spotlight. They simply need to be abolished. Where do you think they funnel all the interest they make from loaning the government money created out of thin air? into buying up and acquiring more power of course whether it be media,the education system,government itself etc And they have done so for nearly a century.

[dalindozindo]

I think if the audit the FED bill passes they will just cook the books, show a little of their dirty secrets to appease the public then get back to business as usual. People should be addressing the entire structure regarding most of the worlds monetary policy. The central banks around the world are one giant beast. I guess it's a step in the right direction, but something tells me the public will get bored and forget about it after the audit. We will be back to square one.

[GoLuckyOops]

Wow a lot makes more sense after I listened to this.

Please help support transparency, our congressmen have the right and responsibility to audit the FED.

Some are actually planning to increase the size of the secretive FED!!!!! Please help to support the Federal Reserve Transparency Act. Contact your legislators and let them know, we stand with those who agree

Our congressmen debate millions of dollars. The FED risks billions of dollars and our own representatives can't know how!

[Honkyrappa]

No wonder the GOP establishment wants him out

[chaseef]

This is a really enlightening speech, even if hes not the greatest orator.

[hkjonus]

I didnt even bother to watch this video. No need to. I know what hes saying. Problem is, he's missing the bigger picture. The Fed has only been doing what the government has wanted it to do. Both Congress and the Bush administration. That is to whore out the dollar and weaken it as a hedge against the enormous sums they are borrowing to spend spend spend. The Feds policy is only the result of this fiscal irresponsibility.

[Honkyrappa]

It wasnt servicing our debt that made this crisis, it was lowering rates to 1%. I don't think the administration forced the Fed to do that.

[MooseOfReason]

Did Bunning win re-election?

[babbittd]

He will run again in 2010.

[phillipmarch22]

Vote this "Pro-Rape", "C-Street" supporter out of office. I know the Republicans are the party of "No" right now, but to vote for big business over the rights of a rape victim? Well, now I have seen it all. This fuck is one of 30 that voted no on the Franken amendment. UNBELIEVABLE! TRULY!

[maeon3]

When something goes wrong with a country, there are two parties, the ones stealing, and the ones stolen from.

The people who steal always blame the victims for the problem of theft.

Whenever you hear a talking head saying that the victims (the little people) are the cause of the problems, then clearly you are listening to a thief.

[chaseef]

Hes not blaming the victims. Hes blaming Alan Greenspan.

[FrankHaddad]

Well said Senator.

[CTTBA]

Just another step in the New World Order's establishment of the Fourth Reich under both parties. Don't people know the White House is going to attack America again to get its North American Union and Global Order? Americans are sound asleep, but after millions are killed here they will wake up in heaven or hell thinking once again by the liars in charge that the U.S. was attacked by foreigners. 3/22/2009

[teymani]

ty senator bunning for pointig out the real evil in this crisis GREENSPAN,as an old citizen i always knew it will come to this ..put greenspan in jail.

[ConstitutionSupportr]

And to understand how hard its going to collapse look to the supposed 3 percent growth we "steadily" have every year. Does it seem that we are better off than in the 90's?, the 80's?

No the reason why is the growth is exponential...

Freaking criminals and fudged numbers

[ConstitutionSupportr]

There is no real regulation of the FED, actually its quite the joke. 9 to 1, 20 to 1, 30 to 1 loans. there is no real regulation.

The FED funds the government not the other way around.

Its utterly schizophrenic, without debt there is not money....

Thats right the more debt there is the more money.... wheres it go?!?!

Even though congress created the FED it was done so Illegally.

The congress doesn't and never has had any constitutional authority to give any entity the right to create money.

[badmuffy]

The government should be the only one able to print money, and the money should be backed by gold or silver. The fed should be abolished.

[QIQrrr]

Facts about The Fed:

1) Federally organized

2) Federally regulated

3) Federally funded

4) Federal Instrumentality for State Taxes

5) Federal Instrumentality for Service Contract Act

6) Created by Congress

7) Can be dissolved by Congress

8) Board of Governors appointed by the President

9) Chairman appointed by the President

[maskedphrogg]

How did you manage not to get called on your laundry list of lies concerning the Federal Reserve?

1) Federal Reserve is a cartel of privately held and owned Banks.

2) Fed Banks are free to purchase or not purchase Treasury Issue Bonds (Treasury Notes) They, of all private business, are immune to gov regulation by way of holding the purse strings on future loans (purchase of Treas Notes)

3) Federal Reserve creates money by making ledger entries for loans. iow the Fed Banks fund Federal Gov

[QIQrrr]

The Federal Reserve is a government tool to print money to prop up welfare deficit spending. Nothing more to it really.

[maskedphrogg]

That's where you are categorically wrong.

The Federal Reserve is no more "Federal" as in Government than is Federal Express. Whereas mail and parcel delivery are regulated activities, the activities of Federal Reserve Banks are accountable only to Fed Res Bank owners.

It is a cartel of privately held Banks with sanction by Law to create money from nothing.

You have the master/slave relationship backwards. The Federal Government depends upon the Federal Reserve, not vice versa.

[QIQrrr]

You don't know much about the system, do you? Who do you think issues bonds? The tooth-fairy?

[QIQrrr]

China doesn't issue them, they buy them.

[maskedphrogg]

You're kidding right?

US Bonds aren't the same as Tooth Fairy Bonds?

OMG!

The world really is ending!!!

Feel better now?

You cast that bait a year ago according to YouTube.

What? Not happy with the catch?

Maybe you should troll a different stream.

[QIQrrr]

LOL

[maskedphrogg]

whoops!

thought the question was buys bonds

Assuming you mean Treasury Notes, the Federal Reserve is not obligated to purchase Treasury Notes.

Did you think they were?

[QIQrrr]

ZeroHedge(dot)com ;)