We don’t have time right now to comment on this further but will update tomorrow.
Here’s an article about efforts to thwart an audit of the Federal Reserve.
This is something else Republicans need to get behind and force to happen. Something is seriously wrong, and we believe George Soros has control of the Federal Reserve system…it’s what he is using to cause the economic havoc we’ve been facing lately.
It’s been a progression for us on this issue…we aren’t in the “End the Fed” camp, but are squarely on the side of the Federal Reserve being audited for the first time in its history.
There is NO VALID REASON this organization should exist in secret, with all the power it wields, and the potential that George Soros could actually control it and use it in all his schemes.
November 28, 2009 at 10:05 pm
Amen so true
November 28, 2009 at 10:36 pm
Frank and Dodd are involved. What could go wrong?
November 28, 2009 at 10:45 pm
I agree there is something very, very rotten in the state of Denmark… I mean the Federal Reserve. Can George Soros really be behind it all? It seems so creepy, yet actually probable as well.
On another note… did you finish “Going Rogue” yet? I just did and am DYING to read your commentary/analysis! I loved the book!
November 28, 2009 at 10:59 pm
It was a good book! I finished it, too.
November 29, 2009 at 9:47 am
I loved it too! It was like having a conversation with, Sarah!
November 28, 2009 at 11:01 pm
If Barney Frank is against it, I am inclined to think that auditing the Fed is a good idea. I don’t trust that man. Has nothing to do with his being gay. I belong to that group as well.
November 28, 2009 at 11:06 pm
(An audit) “would undermine the confidence the public and the markets have in the Fed to act in the long-term economic interest of the nation,” Bernanke wrote.
What confidence??? Please find me one single member of “the public” who has confidence in the current financial situation??
I’m going to try that the next time I face an audit. It sounds convincing. “I’m sorry, but I’m afraid you can’t do an audit because it might undermine your confidence in me.” I wonder if that would work on the IRS?
November 29, 2009 at 11:10 am
I was thinking the same thing! What confidence? There is no confidence and the creepy feeling that someone else is running that organization. With all of the wealth that it controls, it is not an entity onto itself.
I agree with qr4j – anything that Barney Frank objects, I am very likely to go against his objection.
November 28, 2009 at 11:08 pm
Linked you here.
November 28, 2009 at 11:10 pm
The hell? The Fed does not act in the long-term interests of the nation. It’s a BANK. We use it so that we don’t handle US currency directly. We sure as hell don’t need it to be an arm of the government.
November 28, 2009 at 11:24 pm
If we, as Americans, cam get audited, then why aren’t THEY?
I hate both parties, so let’s get the TRUTH out!
November 29, 2009 at 1:57 am
I’m really of split minds on this one.
On the one hand, I believe in full accountability of the Fed, and believe that such a thing cannot truly be assured without some form of audit process.
On the other hand, Congress as a whole and politicians in particular are wholly inadequate when it comes to integrity, trustworthiness, honesty, and non-partisanship.
Sometimes, the devil that you know is better than the one you don’t. What could be worse than an unaccountable Fed? How about one that has to bend to the winds of political change?
The primary reason the Fed was established was to create an atmosphere of fiscal policy that would ENDURE… endure beyond a single President, endure beyond a particular party holding power, endure the natural periods of growth and recession that inevitably come with capitalism.
It’s not a perfect system by any means, but it could be a lot worse. Look at what politicians have done to just about everything else? Housing… ruined. Credit… ruined. Postal service… massively in debt. Border security… non-existent. Amtrak… sinkhole. Federal deficit… huge. Massive inflation… looming.
Certainly, Ron Paul envisions a truly non-partisan audit process. But as soon as the GAO finds anything to criticize, those looking to expand the power base of Congress will immediately seize upon that evidence to try to wrest more and more and more control.
I don’t know about you guys, but I DO NOT trust Congress to be overseeing our central banking system. THAT, more than anything, is a recipe for absolute disaster.
So how to we create that level of accountability without sliding down the slippery slope towards full Congressional oversight?
I honestly don’t know.
Which is why I’m of split minds.
November 29, 2009 at 8:25 am
I’ve been wondering when George Soros’ ugly face would come swimming up to the top in this financial mess. That he is such a leader to the move-on types should be a red light alarm to anyone that the ground is not to be trusted.
Soros is one scary bastard.
Oh, and yeah, audit the hell out of the Fed. I’m sorry Bernanke, but just you saying that I’ll doubt you if I audit you now requires me to insist that I audit you.
Do people really fall for lines like that? It’s a closely related cousin to “I’ll respect you in the morning.” and “I won’t come inside you.” Bullshit.
November 29, 2009 at 9:20 am
One thing I disagree with you. We do need to end the fed. This is very long, (watch it in parts) but it is a great history lesson on the evils of a privately owned central bank.
http://www.mostholyfamilymonastery.com/the_private_federal_reserve_exposed.php
November 29, 2009 at 3:13 pm
You gotta be really careful about calling for an end to the Fed. So far, I’ve seen no good alternatives to a central banking system in our modern society, and I DO NOT TRUST the government to run ANYTHING… much less the most important financial institution in the world.
They suck at running everything except the military, which is actually run more by the military than it is by the government. Just think Post Office, DMV, Amtrak, welfare, medicare, medicaid, social security, etc. etc. etc. etc.
The government is REALLY, REALLY BAD at running anything. Ending the Fed might seem like a good idea prima facie, but the alternative could be much, much worse.
November 29, 2009 at 10:29 am
If anybody on this planet believes we had a market crash a month before the 2008 election just by “coincidence” they are living in a fantasy world. I sat and watched Chuck Schumer with a grin from ear to ear as they sat and talked about the seriousness of this ….and that’s all I needed to see. George Soros is public enemy #1 and the Republicans need to put a target right on his head. These powerful people need to be stopped. I don’t want any billionaire…I don’t care what party…in control of my country. We need to set up safety nets so this type of thing does not happen. He is a total swine and needs to be exposed for who he is.
November 29, 2009 at 1:44 pm
Amen–and it wasn’t coincidence that that crash happened just when it seemed that the McCain/Palen ticket was gaining some traction. I seem to remember that Soros was a big contributor to the two previous presidential campaigns. Looks like the third time was the charm for him. I always was suspicious of all those small contributions that Dr. U was taking in that couldn’t be tracked. . . God help us if that Nazi fellow traveler has his hooks into the Fed.
November 29, 2009 at 1:51 pm
should have been more specific–I seem to remember that Soros was a big contributor to the two previous Democratic presidential campaigns.
November 29, 2009 at 3:21 pm
Soros is a huge contributor to Democrats, including Schumer himself.
Interesting side-note.
Schumer made an unprecedented move against the viability of a private banking institution in the infancy of the financial crisis. He wrote an OPEN LETTER to IndyMac questioning their viability. Not surprisingly, there was a run on their deposits shortly thereafter, and IndyMac collapsed. Some people consider this one of many catalysts that led to the serious banking crisis.
IndyMac was “propped up” by the government, and later sold for pennies on the dollar to OneWest bank, of which George Soros is a major partner.
Coincidence?
And here’s a final tidbit… did you all hear about that $500K mortgage that was completely absolved by a judge recently because the bank was acting in a ‘repulsive’ manner and supposedly treating the homeowners like garbage? That bank was none other than OneWest.
November 29, 2009 at 2:20 pm
In a perfect world, there would be a hero…aa ‘Toto’ to run over, pull back the curtain, and ‘show’ the man pulling all the levers. And I doubt it would be a harmless Carny ‘prognasticator’ lifted up from a tour in Kansas.
Soros, my guess, has ‘invested’ heavily in BOTH parties…yet I can’t help but think there are enough random clear minded Republicans (like Michelle Bachman) and Democratics flakes (of no use to Soros…so his minions never gave a dimes’ support to) like Kucinich who would love to skewer (finally) the Pelosi/Franks of the current leadership.
I could be wrong…but I hope I am right, and that some (or someone) meets their ‘Dorothy’ and throws water on the FED. Now that I have thought of this in ‘Oz’ terms, can’t we ‘see’ Nancy peddling that bike???
November 29, 2009 at 5:43 pm
Soros, the non-american, sure has his hands in all things financial with this country. Who do you think was big enough to see that a financial crisis was all that was needed last Sept to get Obama elected? He has been shorting the dollar lately. Every manipulation he does makes tons of money to further his agenda. Check out this link when you have time – its about the fed. A 2.5 hour video that is well worth watching. Pass it around.
http://articles.mercola.com/sites/articles/archive/2009/11/26/How-Trillions-of-Dollars-Were-Stolen-From-US-Taxpayers.aspx
November 29, 2009 at 9:29 pm
[...] Bernanke, and the Rest of the Vampires, Need to Go (h/t HillBuzz) [...]
November 29, 2009 at 10:02 pm
ATTENTION REUTERS: Please enable comments on your site!
Damn! They pee me off. I can’t read their articles anymore, because I get all burned up and then can’t say anything.
TO BEN BERNANKE: I HOPE YOU GET YOURS. Whatever it is you deserve, I hope your karma comes round to “reward” you with it immediately, you scum-sucking traitor!