This writer was sitting in his local greasy spoon/breakfast nook, when he stumbled onto an article featured on the front page of the Wall Street Journal, July 21, 2009. In it, Federal Reserve Chairman Ben Bernanke called Rep. Ron Paul's sponsorship of a bill that would impose far-reaching congressional audits of the Federal Reserve, "dangerous and self-defeating."
According to Bernanke, who presents a straw man argument, that the risks will far outweigh the benefits of the bill presented by Ron Paul: "If investors see the Fed facing new political oversight, they will doubt its ability to take unpopular steps to fight inflation--one of the Fed's top jobs. Fearing inflation, bond investors will push interest rates up, hurting the weak economy."
"From now on, depressions will be scientifically created."
- Congressman Charles A. Lindbergh Sr., 1913
Both the world AND the American people already doubt this institution's ability to "fight inflation," because this private corporation-- calling itself "federal"-- has systematically created a legacy of inflation and financial ruination for the United States of America, by printing money out of thin air. It has been the Trojan Horse of the Rothschild banking dynasty, designed to destroy the United States of America.
"Economics 101 teaches that if you have more of something - it's worth less. If you have less of it, it's worth more. The same is true of the dollar. The Fed has printed literally trillions of the things - and flooded the market with them. As the saying goes, "only the government can take a valuable commodity like paper, slap ink on both sides and render it worthless." That is especially true since President Richard Nixon removed U.S. currency from the gold standard in the early 1970's. Since then, there has been nothing on which to base the value of money other than what the Fed says its worth."
"If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash."
- George Washington--The Father of Our Country
The general attitude on Capitol Hill is alarm, combined with wishy-washiness, as typified by Sen. Richard Shelby of Alabama, the senior Republican on the Senate Banking Committee, who according to the WSJ article, "doesn't want to impede the central bank's ability to conduct monetary policy independently, but he is also 'skeptical' of giving it new powers."
And just what does "independently" mean exactly when not only OPM is involved, but the future existence of a country is in serious question? Whose ultimate "independence" is at stake here anyway?
Shall the robber baron be granted "independence" to ride his financial steed roughshod over the tilled fields of the American worker/ peasant in the so-called "free world?"
This utter cop-out by Shelby came on top of a fine speech he made charging the Federal Reserve with going "too far in bailing out companies and exposing taxpayers to the costs. They utterly failed the American people as a bank regulator."
So Shelby doesn't want to "impede" failure, he would rather emit a high-pitched squeal-- after making an unconvincing case-- like that little killer mouse-- which howls like a wolf-- featured on Marty Stouffer's "Wild Kingdom."
"We're going to be facing much more scrutiny and attacks on the independence of the Federal Reserve," says Frederic Mishkin, a Columbia University economist and Bernanke supporter who was a Fed governor in the early stages of the crisis.”
That's it; steer the American people toward how the shell game is going to be played! See how the perpetrator fingers the victim.
As for public relations, a former Treasury official--and Enron lobbyist--Linda Robertson started working at the Fed on July 20th to ostensibly "improve" its relations with Congress.
Sounds like a conflict of interest to this writer, as corporations and lawmakers are already in bed together.
Another case of a wishy-washy mind-set comes to us courtesy of Rep. Don Manzullo (R., Ill.) who told Bernanke in private: "Mr. Chairman, I just want to let you know you're doing a fine job." This came on top of the mouse howling by Shelby, for it was Manzullo who a few weeks prior had clashed with Bernanke at a hearing, where he demanded a "yes" or "no" response. Bernanke retorted that the question was "poorly posed."
"Brownie, you're doing a heckuva job," in cross-examination; you poser!
"A spokesman for Mr. Manzullo says he respects Mr. Bernanke as a 'man of integrity' who 'gives straight answers.'"
They are all “fine, decent and honorable men,” these "public servants" who sell our country down the river.
"... There is no real philosophic difference between the republicans and democrats, both are working for “interdependence”, globalization or world government. Therefore, they are in effect the same party. There is no real opposing party."
David Rockefeller’s Council on Foreign Relations runs America, NOT "consent of the governed."
It is all a play-within-a-play, this process of alleged "congressional oversight," from a governmental body which abdicated the constitutionally-given power to coin money and declare war.
Republicans who wouldn't give any of Ron Paul's bills the time of day regarding the FED for decades are suddenly lining up to become sponsors to audit that private entity. After all, they're facing an election next year. Too little, too late as I pointed out in this column: Unprecedented rape of the American people underway in DC. The money is gone. Stolen from you, your children and grand children by Congress, one president (Bush) and one usurper president (Obama/Soetoro). Every Republican who voted for the bail outs last year and handed total power to the privately owned Federal Reserve Banking cartel and Secretary of the Treasury who now support H.R. 1207 need to be thrown out of office in 2010. Without question every Democrat incumbent should also be removed from office for what they've done and are doing to this republic. No mercy. No exceptions.
“Congress controls the purse strings of government departments and agencies—but not the Fed’s.”
The people get chump change for an allowance—with compound interest attached—while the great wealth of this republic is stolen by the international bankers, under color of authority.
"More than 250 prominent economists recently signed a statement warning that the Fed's independence is at risk. Mr. Bernanke's predecessor, Alan Greenspan, calls Mr. Paul's bill in particular a 'serious problem' that could 'change the [Fed's] deliberations process and significantly lower the quality of what comes out of the system.'"
Let's examine the "quality" of what comes out of the Federal Reserve administration of the people's purse:
Martin D. Weiss, Ph.D., an expert in domestic and international financial markets and the bestselling author of The Ultimate Safe Money Guide, has documented the following. We now have:
A new surge in unemployment that, even without counting those who are excluded from the official numbers, amount to 14.7 million who are now jobless, the most since records dating back to 1948. Worse, for the first time since the Great Depression every single job created after the prior recession has been wiped out.
Industrial production is falling at the same pace as it did in the early 1930s.
Global trade is falling at twice the pace of the early 1930s.
California—the nation’s most populous state, with the largest GDP and the greatest impact on the entire U.S. economy—is collapsing.
Consumers are slashing their spending, small businesses are laying-off their workers, cities and states are forced to gut their budgets.
The most radical government countermeasures in a 100 years.
The biggest federal deficits in 200 years.
Weiss also reports that the following government “help-America” programs have all FAILED!
TARP (Troubled Asset Relief Program)
PPIP (Public-Private Investment Program)
TALF (Term Asset-Backed Securities Loan Facility)
TLGP (Temporary Liquidity Guarantee Program)
CAP (Capital Assistance Program)
TIP (Targeted Investment Program)
HASP (Homeowners Affordability and Stability Plan)\
CPFF (Commercial Paper Funding Facility)
AMLF (Asset-Backed Commercial Paper Money Market Fund Liquidity Facility)
MMIFF (Money Market Investor Funding Facility)
Obama Lied--The Economy Died
By Joan Swirsky Friday, July 24, 2009
http//canadafreepress.com/index.php/article/13145
What "quality" is that, when our country has been so thoroughly looted and bankrupted to the point where the government of Red China is now our banker? Where does the “serious problem” really lie? Does it become a "problem" when a country no longer owns itself, because it has been hijacked by hostile corporate takeover and flooded with Third World riffraff--the corporate shock troop, AKA "guest worker"?
According to the WSJ article: "When Mr. Bernanke first met Mr. Obama last July in the Fed chairman's stately office, Mr. Obama, then a candidate, began the conversation by saying, 'The first thing I want to tell you, Mr. Chairman, is I have great respect for the independence of the Federal Reserve,' according to attendees."
The mouse that roared! The "president" bowed before both the Saudi king and Mr. Bernanke in his "stately office."
Obama could have "calibrated those words differently."
This is the "president" who claims the mantle of JFK and Camelot?
It was John F. Kennedy who issued Executive Order 11110, abolishing the Federal Reserve. What has Obama done, but strike a pose, to claim the JFK legacy as his self-entitlement? Resident Obama never did do the hard work to earn the mantle of Camelot, nor the presidency of the United States, for that matter.
"In the early 20th century, European and American banking interests achieved what they had desired for over a century within America, the creation of a privately owned central bank. It was created through collaboration of American and European bankers, primarily the Morgans, Rockefellers, Kuhn, Loebs and Warburgs. After the 1907 banking panic in the US , instigated by JP Morgan, pressure was placed upon the American political establishment to create a “stable” banking system. In 1910, a secret meeting of financiers was held on Jekyll Island , where they planned for the “creation of a National Reserve Association with fifteen major regions, controlled by a board of commercial bankers but empowered by the federal government to act like a central bank – creating money and lending reserves to private banks.” President Woodrow Wilson followed the plan almost exactly as outlined by the Wall Street financiers, and added to it the creation of a Federal Reserve Board in Washington , which the President would appoint. The Federal Reserve, or Fed, “raised its own revenue, drafted its own operating budget and submitted neither to Congress,” while “the seven governors shared power with the presidents of the twelve Reserve Banks, each serving the private banks in its region,” and “the commercial banks held stock shares in each of the twelve Federal Reserve Banks.”
The retaking of the United States by international banking interests was achieved with barely a whimper of opposition. Where the British Empire failed in taking the United States militarily, international bankers succeeded covertly through the banking system. The Federal Reserve also had the effect of cementing an alliance between New York and London bankers."
Those London bankers were none other than the Rothschilds, who had promised to destroy America in a newspaper article in the Times of London during the American Civil War. This was in response to President Lincoln’s rejection of the ruinous 24% to 32% interest rates offered by the Rothschild bank. President Lincoln chose the Constitution as his guide, by opting instead to print money on his own.
"If that mischievous financial policy which had its origin in the North American Republic [i.e., honest Constitutionally authorized debt-free money] should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without a debt (to the International Bankers). It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe!"
- The Times of London newspaper, opinion-editorial commentary
As President Abraham Lincoln stated:
"The money powers prey on the nation in times of peace and conspire against it in times of adversity. The banking powers are more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes.
I have two great enemies, the Southern Army in front of me, and the bankers in the rear. Of the two, the one at my rear is my greatest foe. As a most undesirable consequence of the war, corporations have been enthroned, and an era of corruption in high places will follow. The money power will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed."
Was Lincoln 's view "dangerous and self-defeating" or is the insolent view of Bernanke-- that an ostensibly “free” people be ruled by robber barons-- dangerous to the United States of America ?"
This writer asserts that Presidents George Washington, Thomas Jefferson, Abraham Lincoln, Andrew Jackson, John Adams, James Madison, James Garfield and John F. Kennedy were visionaries, who saw quite clearly the deadly hostility of the banks and corporations to the freedom of mankind.
The Revolutionary War was prosecuted so this nation would once-and-for-all be free from the bondage of usury, coming from the Bank of England.
The feudalism of the overlord is safe and intact, as long as the fictitious business calling itself "Federal Reserve," is allowed to destroy the economy of the United States of America .
Throughout much of the 1800s and into the 1900s, the United States suffered several economic crises, one of the most significant of which was the Great Depression of 1873. As Howard Zinn explained:
"The crisis was built into a system which was chaotic in its nature, in which only the very rich were secure. It was a system of periodic crises – 1837, 1857, 1873 (and later: 1893, 1907, 1919, 1929) – that wiped out small businesses and brought cold, hunger, and death to working people while the fortunes of the Astors, Vanderbilts, Rockefellers, Morgans, kept growing through war and peace, crisis and recovery. During the 1873 crisis, Carnegie was capturing the steel market, Rockefeller was wiping out his competitors in oil."
Can anyone spell Ponzi scheme? Who owns the people’s purse?
"In the colonies, we issue our own paper money. It is called 'Colonial Script'. We issue it in proper proportion to make the goods pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to anyone."
- Benjamin Franklin, speaking at the London Parliament
"The goal to move America into global government is not new. It was the goal of many British aristocrats, specifically Cecil Rhodes and industrialist Andrew Carnegie, along with the Pilgrim Society.
Those who were key insiders with Rhodes included Lord Robert Cecil, Lionel Curtis, Lord Rothschild, and others. It was they who determined that an organization like the League of Nations —now the United Nations was a way of bringing the world back under British rule.”
The WSJ article ends with this assessment by Sen. Charles E. Schumer:
"A companion bill in the Senate faces more resistance. Eighteen lawmakers have signed on so far. 'Anyone who doesn't like the Fed's independence should wait until the politicians can control it,' said Sen. Chuck Schumer, Democrat of New York. 'Then, they'll wish for independence.'"
“... Is Schumer a Pilgrim or a Boy Scout? There is big power and big money behind the goal to unite America with Britain. Freedom, when it is gone, is gone. At every turn, it appears Americans are nothing but serfs! In light of the above, Schumer and the other 52 should be handed for treason, Rudy Giuliani should renounce his knighthood, Bush I should renounce his knighthood, Bush II should be brought into alignment with the Constitution and Schumer and the other 52 should be hanged for treason.”
Joan Veon
With a little bit of luck, these incompetent lawmakers will find themselves out of a job, at best.
The American people are bent on real independence, and will NOT wait on lawmakers--who promote an "interdependent world"-- to define it for them.
It is time for the American people to prosecute the Second American Revolution (The Ron Paul Revolution) and commit the “dangerous” and “self-defeating” act of destroying the Federal Reserve, once-and-for all.
The good faith, credit and future existence of the United States of America have been severely compromised by those bankers who have committed high treason against our country.
Notes
Bernanke Heads to Congress Battling Calls to Tame the Fed
By Jon Hilsenrath and Sudeep Reddy--Wall Street Journal, July 21, 2009
www.mashget.com/2009/07/20/bernanke-heads-to-congress-battling-calls-to-tame-the-fed · Cached page
http://www.globalresearch.ca/index.php?context=va&aid=13070
www.globalresearch.ca/index.php?context=va&aid=14464
www.newswithviews.com/Veon/joan50.htm. Cached page
http://www.newswithviews.com/Erica/Carle149.htm
http://www.womensgroup.org/TREASON-IN-THE-CONGRESS.htm
www.newswithviews.com/DeWeese/tom122.htm - Cached - Similar