"Bernanke Threatens The Congress" We will cause an Economic Collapse if you audit the Fed!

Rep. Duncan questioned Federal Reserve chairman Ben Bernanke on Thursday about what his opinion of a majority in Congress who have co-sponsored Ron Pauls bill to audit the Federal Reserve.
Bernanke clearly regarded the bills 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."
The brunt of Bernankes statement is as crystal clear as a threat from a common street thug back off from the Fed, or the economy gets it.
The chairman clearly implies that any attempt to restore monetary powers constitutionally granted to the Congress would be seen as a "takeover" and that the defensive and "repudiated" Fed would respond destructively.
Of course Congress constitutional power over money is in the U.S. Constitution:
The Congress shall have power To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
Bernankes open use of financial terrorism in the face of Congress blatant Constitutional authority is absurd and despicable.

Category:

News & Politics

Tags:

• Federal Reserve
• Bernake
• Congress
• economic collapse
• Threat
• Dollar Collapse

[SuperNatasha1970]

This guy Bernanke should be indicted for perjury. He is lying here! He gave $7.75 Trillion to the Wall St. Banks, SECRETLY, at the same time he is talking here about transparency. This is a colossal disgrace! And what is this about Congress control of monetary policy? Where does it say in Article I, Section 8 of the Constitution that the US Treasury will issue notes at the disgression of a cabal of bankers?

[vide0gameCaster]

Bernanke violated the Constitution several TIME, he is a traitor the United States of America.

[FreedomFighter741776]

BERNANKE IS A BILDERBERG CRIMINAL END THE FED

[NellaN1337]

Typical Jewish criminal. And people wonder why Hitler wanted them out of Germany.

Hundreds of years, expelled from over 50 civilizations, they just never learn. I bet Jew infested America will be the next country to kick them out.

[lastdaysguitar]

@ksr622002 I'm with you on end the fed, they are the largest malignant tumor - but how and more importantly WHY do you suggest making all lobbying illegal?

i.e.: how are we to collectively and individually contact/persuade politicians when it is at risk of being arrested for expressing an opinion?

[ksr622002]

What about a take over of the government by the bankers? END THE FED! Make all lobbying illegal.

[H1TMANactual]

@CodeByNight Umm I said I am for independence and NOT against transparency. I am guessing you're a gullible Alex Jones conspiracy nut kind.

[CodeByNight]

@H1TMANactual OPEN YOUR EYES!!!!!

Yes they are transparent... NOT.

Balance sheet didn't change in decades, if this doesn't smell to you, then it might be cause of your own stink.

[H1TMANactual]

Where is the threat you conspiracy nut Alex Jones groupie?

He is referring to the independence of the Fed as monetary policy needs to be APOLITICAL, fucking idiot.

[munsterr777]

It's easy, just don't use Federal Reserve Notes for trade.

[MrFlech76]

RON PAUL 2012