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Elizabeth Warren Opposes "Congressional Meddling" 'Audit The Fed' Bill

Tyler Durden's picture




 

It would appear the powers that be are getting nervous. Yesterday, Fed Governor Jerome Powell (and Fisher and Plosser) stepped up the central bank’s push against what he termed congressional efforts to extend political influence over monetary policy, calling them "misguided" and "in violent conflict with the facts." Today we have Senator Elizabeth Warren trying to sound supportive of transparency but proclaiming that she opposes Rand Paul's "Audit The Fed" Bill because it promotes "congressional meddling in the Fed’s monetary policy decisions."

Desperate to appear a huge opponent to Wall Street (and The Fed) Warren begins... (as Bloomberg reports)

while she “strongly” supports greater congressional oversight of Fed’s regulatory and supervisory responsibilities

Then retraces and hinders the efforts to bring transparency:

[Warren] opposes current version of Fed audit legislation because it promotes “congressional meddling in the Fed’s monetary policy decisions,” according to e-mailed statement from Warren office.

 

Such meddling risks “politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy”

Her full statement read:

"I strongly support and continue to press for greater congressional oversight of the Fed’s regulatory and supervisory responsibilities, and I believe the Fed’s balance sheet should be regularly audited – which the law already requires."

 

"But I oppose the current version of this bill because it promotes congressional meddling in the Fed’s monetary policy decisions, which risks politicizing those decisions and may have dangerous implications for financial stability and the health of the global economy."

*  *  *

Sen. Rand Paul, R-Ky., has introduced bill, S. 264, that would require “full audit” of Fed; measure has ~30 cosponsors

The Fed is coming out swinging against Paul's Bill...

Three Federal Reserve officials criticized proposed legislation to expand congressional oversight of the central bank’s interest-rate decisions, pushing back against the bill as it is gaining attention.

 

Fed governor Jerome Powell on Monday called the bill, known to supporters as “Audit the Fed,” misguided. He said it would threaten the central bank’s independence.

 

The bill “risks inserting the Congress directly into monetary-policy decision making, reversing decades of deliberate effort by the Congress to insulate the Fed from political pressure in carrying out its day-to-day duties,” Mr. Powell said in a speech in Washington.

 

Philadelphia Fed President Charles Plosser, speaking earlier Monday on Fox Business Network, said of the bill, “To sort of second-guess and put political pressure on the Fed to make decisions…for short-term political reasons I think would be very dangerous.”

 

Dallas Fed President Richard Fisher , speaking later Monday on Fox Business Network, said that the bill is about “interfering with the making of monetary policy,” and that the central bank is already “audited out the wazoo.”

*  *  *

And more are piling in...

  • FURMAN SAYS AUDITING FEDERAL RESERVE WOULD BE `DANGEROUS'
  • FURMAN SAYS HE WOULD ADVISE OBAMA TO OPPOSE AUDITING FED
  • FURMAN SAYS FED `ENORMOUSLY TRANSPARENT'

Perhaps this sums up the opposition best...

 

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Tue, 02/10/2015 - 17:24 | 5768467 overmedicatedun...
overmedicatedundersexed's picture

falak, you really ain't that stupid - falls for this shit - warren knows an audit could bring big players out in the sun light like the vampires they are- she protects them while telling folks like you what you want to hear.

I can see it's too much for you to accept so you just shut off logic. eyes wide shut.

"Warren is the only one who kicks out the teeth of the bankstas OPENLy." yep sure just can't handle the little bitch is a bought and paid for slut for them can you?

Tue, 02/10/2015 - 17:41 | 5768505 falak pema
falak pema's picture

The audit is happening in front of your eyes.

What is there that you can't see in this Oligarchy rape?

Its right there and its not the phucking FED thats DOING IT.

Its those in Congress that have built the system. And its the press and whistle blowers like Wikileaks and Snowden who are exposing them.

WHAT WILL THE FED AUDIT DO EXCEPT BE USED BY THE REPUGS TO HIDE THEIR SINS AND SAY ITS THE OTHER GUYS FAULT. THIS IS JUST THE MAKINGS OF A RED-BLUE TUG OF WAR ABOUT  something every one can see! This has the makings of an awesome political false flag scam.

If the Senate were honest it would START by asking ALL the BANKS to stop the Casino. Then the FED. Its the BANKS And SQUID that run the FED.

A printing press is just that. The question is WHY do we allow it to feed the Oligarchs. 

And that no FED audit will prove. That is staring the world in the face as a POLITICAL construct, and its ORDERED by the TBTF who pass their LAWS (see what Citi did to alter Dodd Frank that Warren opposed).

And as for the NSA/CIA files that will never be revealed by those in COngress as they ARE the culprits of this whole gang red/blue. 

The only TRUE maverick is Warren. Period. If you don't believe that you don't watch the congressional hearings! SHE ASKS THE TRUE QUESTIONS TO THE RIGHT PEOPLE; not to the minions who run the printing press and hide behind their Princeton Degrees. They are just front men and Shamans.

The real power is amongst the political gunslingers of Oligarchy rule. The Repugs and neo-cons. They have direct access to the kings of the Banks who are part of the power construct. Yellen has no real Oligarchy power. She just does what she is told to do and then uses Princeton BS to cover it up in economese.

Acts walk and talk more than hot air from Rand Paul or from DOdd Frank muzzlers! 

Tue, 02/10/2015 - 17:55 | 5768606 piratepiet
piratepiet's picture

Maybe now the scheme has run its course and is falling apart, they set the American public up for an "audit", that is ...to hand over ownership of the shambles to somebody else ( like the State ? ).  Just wondering.  I would not be surprised if they are playing a game of reverse psychology and are desperate to be audited to be relieved from a nightmarish clusterfuck. 

Tue, 02/10/2015 - 18:01 | 5768634 overmedicatedun...
overmedicatedundersexed's picture

piratepiet, LOL they set everyone up and robbed at will- that is what could come out of an audit..could, not will we might get the same group that did the warren report oops not a pun.

Tue, 02/10/2015 - 17:57 | 5768617 overmedicatedun...
overmedicatedundersexed's picture

Falak your last post is gobbley gook yeh international banks bad we get it but the free money given out by FED to who knows who, international banks like dexia for one - the news of such an audit would help to open more eyes to the scam and I think outright crime money from nuthing debt for all but senator warren I guess.

you have lost all credibility here.

Tue, 02/10/2015 - 18:54 | 5768881 ZH Snob
ZH Snob's picture

this is akin to saying that heroin dealers are not responsible for the junkies they supply.

Tue, 02/10/2015 - 19:24 | 5769015 hound dog vigilante
hound dog vigilante's picture

 

"The only TRUE maverick is Warren."

...and she's giving the Fed (the 1%) a free pass... quite the maverick!

 

Absolutely NOTHING changed under Hope & Change progressive Obama, and now you're ready to blindly support Warren, who just stabbed the Occupy movement in the back in broad daylight. You, sir, are willfully ignorant.

And don't give me that 'Republican obstruction' bullshit, either.  Dems had TWO FULL YEARS with a super majority and a massive electoral mandate, and all they have to show for it is the ACA - a poorly concieved, poorly written healthcare law that protects profits of large insurance companies and screws the working class. Campaign finance reform? nope.  Wall St. regulation? nope. Guantanamo? still open.  NSA/civil liberties/privacy?  worse now than ever.  

Dems & Repubs?  Same thing.  One party.  Obama has proven the 'one party' reality beyond a shadow of a doubt...  and you think Warren is the savior?  I've got some land in Florida that I'd like to sell you...

Wed, 02/11/2015 - 00:37 | 5770091 ThroxxOfVron
ThroxxOfVron's picture

"If the Senate were honest it would START by asking ALL the BANKS to stop the Casino. Then the FED. Its the BANKS And SQUID that run the FED.

A printing press is just that. The question is WHY do we allow it to feed the Oligarchs. 

And that no FED audit will prove. That is staring the world in the face as a POLITICAL construct, and its ORDERED by the TBTF who pass their LAWS (see what Citi did to alter Dodd Frank that Warren opposed).

And as for the NSA/CIA files that will never be revealed by those in COngress as they ARE the culprits of this whole gang red/blue.  "

 

The Government/Regulatory/Judicial apparatuses are ALL CAPTURED.

Change cannot and will not be initiated from within.  

The system -is fully controlled.  The soft coup-d-etat was successful.

The Republic -is dead.



Tue, 02/10/2015 - 17:59 | 5768631 steelhead23
steelhead23's picture

I support both Audit the Fed and Elizabeth Warren.  The fact that she opposes this bill surprises me and has me wanting to know why.  Of course, I tend to think she isn't another congressional sell-out, so understanding this bill better may change my views of her.  Yes, back in the early 2000s the banks did all sorts of unconscionable things (liar loans, etc.) and yes, the miscreants should go to jail - just as Warren proposes.  However, the Fed fed this madness, in fact encouraged it (remember Brooksley Born?) - so if she wants to ferret out the bad players in this little drama, she has to audit the Fed.  I want to understand her position before tossing her on the dung heap, though.

Tue, 02/10/2015 - 19:34 | 5769058 hound dog vigilante
hound dog vigilante's picture

Warren has been told to "get in line" behind Hillary and support the One Party establishment.  All the usual threats/bribes apply... she's human, TPTB squeezed her, she squealed.

Opposing a Fed audit bill is merely evidence that Warren has been put on notice and she recieved that message loud and clear.

If you're looking for a real candidate, look elsewhere. The DNC (Clintons) is owned by Wall St. - just like the RNC.

As long as americans continue to vote for "the lesser of two evils" nothing will change.  The "two party" lie & "lesser of two evils" logic have effectively delivered this once-great country into the hands of unaccountable financiers.  If you are watching MSM and taking sides (red vs. blue), then you are part of the problem.

Tue, 02/10/2015 - 18:54 | 5768896 LetsGetPhysical
LetsGetPhysical's picture

Doesn't matter who you trust more.... Open up the books and let the sunshine in. People will decide for themselves. Or are you anti-choice? I find it funny how one day you have "socialist" senator Saunders telling the FED to bailout a commie regime and the next day you have the Progressive darling saying no to truth and sunshine. Might I remind people:

Plank #5

Tue, 02/10/2015 - 16:12 | 5767977 SheepDog-One
SheepDog-One's picture

FED cant handle any 'meddling' with their monetizing the debt project!

Tue, 02/10/2015 - 16:13 | 5767985 Tsar Pointless
Tsar Pointless's picture

Fuck 'em all, then. I'm out.

Tue, 02/10/2015 - 16:13 | 5767986 Bill of Rights
Bill of Rights's picture

Liarwatha the great Indain fake.

Tue, 02/10/2015 - 16:21 | 5768049 NoDebt
NoDebt's picture

That's pretty damned funny.

Tue, 02/10/2015 - 16:50 | 5768237 SheepDog-One
SheepDog-One's picture

Fauxcahontas....heap big bullshit!

Tue, 02/10/2015 - 16:13 | 5767988 Madcow
Madcow's picture

Better to have global financial markets merely suspect the FED is bankrupt and insolvent than to audit the FED and remove all doubt.

Tue, 02/10/2015 - 16:14 | 5768000 william114085
william114085's picture

kinf of like Soetero claiming he was against the invasion of Iraq when he was an Illinois state senator.  

Tue, 02/10/2015 - 16:14 | 5768001 swass
swass's picture

This is a good opportunity to remind people to be generous in donating to that Audit the Fed cause.  We need to push this and it takes money to do it.  Money talks, especially in Rom.. er Washington.

Tue, 02/10/2015 - 16:15 | 5768004 City_Of_Champyinz
City_Of_Champyinz's picture

Warren will say or do anything to get a job, including pretending to be a native American, and now she will say or do anything to keep getting elected to office.  What a disgusting fraud.

Tue, 02/10/2015 - 16:16 | 5768007 aliki
aliki's picture

anyone who is on the other-side of her should have an absolute field-day with this. if not, they should be taken-out back and shot. open a debate with warren on how the fuck she could be against "auditing the fed" when they are the ones screwing the entire nation and she is the self-proclaimed "man of the people".

when ZH first posted this, i swear i thought it was a joke or another senator warren.

only thing i can think of is:

1. she has no clue what she just stepped in
2. she knows exactly what she's stepping in & she's trying to protect her family's portfolio
3. her, obama, and bush are all the same person who use mission impossible masks when their seperate personality flares-up.

Tue, 02/10/2015 - 16:39 | 5768179 Arnold
Arnold's picture

They ah doin' sum renovatin' up he ah on the Massa twoshits house.

Plenty of ayah and new fangles ayah nailahs.

Tue, 02/10/2015 - 16:46 | 5768219 samsara
samsara's picture

I take #2 & #3

Tue, 02/10/2015 - 16:16 | 5768011 Sizzurp
Sizzurp's picture

Warren folded like a cheap suit.  The political argument the Fed is making is crap.  They are already political, only it's the banksters pulling the strings.  Whatever they are hiding must be devastating. 

Tue, 02/10/2015 - 16:31 | 5768121 replaceme
replaceme's picture

I was going to post a similar thing, in response to MDB - there's no more defense in saying the Fed is an independent entity; that ship sailed a long time ago.  Toot toot, it's a steam ship.

Tue, 02/10/2015 - 16:44 | 5768211 samsara
samsara's picture

Independant Fed?  That is rich...

"They are already political, only it's the banksters pulling the strings"

They DO what their OWNERS(shareholders) TELL THEM.

Their shareholders being Rothchilds, Rockefellers, et al, and a bunch of other Rich European/American families. 

Tue, 02/10/2015 - 16:17 | 5768015 ebworthen
ebworthen's picture

God forbid representatives of the people should know anything about the rape of the public treasury and the banker's bank the FED.

Tue, 02/10/2015 - 16:17 | 5768018 Glass Seagull
Glass Seagull's picture

 

 

The overt campaign to eliminate the far-right continues...from both sides.

Tue, 02/10/2015 - 16:17 | 5768023 Hapa
Hapa's picture

Warren is just another statist like the rest.  No real change will come from her leadership.

Tue, 02/10/2015 - 16:22 | 5768062 22winmag
22winmag's picture

Warren should join the Tea Party. As far as I can tell they are a bunch of war mongering, oil soaked, money hungry politicians that won't ever make any real difference.

Tue, 02/10/2015 - 17:16 | 5768415 insanelysane
insanelysane's picture

The original Tea Party faked being Native Americans so she would fit right in.  She should be publicly shamed by her schtick that her grandmother always said she must be part Native American because she has high cheek bones.  My grandmother said plenty of racist things too but I am smart enough to recognize that it was racist and I am a couple of decades younger than Liawatha.

Tue, 02/10/2015 - 23:13 | 5769878 caconhma
caconhma's picture
Elizabeth Warren has shown her real face. She is as corrupt as it is required to hold her office sit.

What else could someone expect from her?  The US Presidential and Congressional  elections are just shows for little, naive, and stupid people hoping that somebody else will take care of them.

Tue, 02/10/2015 - 16:17 | 5768025 Bumbu Sauce
Bumbu Sauce's picture

Fluck Fauxahauntis.

Tue, 02/10/2015 - 16:18 | 5768029 MickV
MickV's picture

Exposed.

Tue, 02/10/2015 - 16:19 | 5768038 carbonmutant
carbonmutant's picture

This is News.. Auditing is considered meddling...

Tue, 02/10/2015 - 16:28 | 5768097 Itchy and Scratchy
Itchy and Scratchy's picture

Right on!

Tue, 02/10/2015 - 16:54 | 5768256 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

We had auditors in our office today.  I don't think they'd have been very amused if I told them they were "meddling"....

Tue, 02/10/2015 - 16:20 | 5768041 22winmag
22winmag's picture

God forbid that Congress might actually do its job, uphold the Constitution, and require gold and silver backed money.

 

While they are at it they may want to do their job and actually declare war once in awhile too.

Tue, 02/10/2015 - 16:20 | 5768045 Itchy and Scratchy
Itchy and Scratchy's picture

Princess Squating Bull prefers to do the 'meddling' herself! She from the 'Sticky Finger Hypocrite Tribe!' 

Tue, 02/10/2015 - 16:20 | 5768047 WTFUD
WTFUD's picture

Audit the Fed? 2 Hopes ( No Hope and Bob Hope ).
HANG TIME!

Tue, 02/10/2015 - 16:43 | 5768204 Arnold
Tue, 02/10/2015 - 16:21 | 5768050 Goozar
Goozar's picture

Seems like nobody has to take responsibility anymore..at least not if you belong to the banker's society.

However, don't dare to steal an apple from a tree when you are hungry and the orchard belongs to a banker....10000 Volts on the chair will be your fate...

America, America, you need to do something...This land is not your land anymore...The Redwoods already started weeping...

 

Tue, 02/10/2015 - 16:21 | 5768051 Goozar
Goozar's picture

Seems like nobody has to take responsibility anymore..at least not if you belong to the banker's society.

However, don't dare to steal an apple from a tree when you are hungry and the orchard belongs to a banker....10000 Volts on the chair will be your fate...

America, America, you need to do something...This land is not your land anymore...The Redwoods already started weeping...

 

Tue, 02/10/2015 - 16:21 | 5768054 apberusdisvet
apberusdisvet's picture

For all true Americans, the choices are narrowing.  If Warren was real, I as a conservative would vote for her over Bush or Christie any day of the week.  Still questions on Paul; Walker may be the one but if he's REAL, then the choice for him is either a bullet (or suicide) or gobs of cash.  I totally dismiss Cruz and Rubio for not being Natural Born Citizens.  Oh wait....

 

Tue, 02/10/2015 - 16:30 | 5768115 StupidEarthlings
StupidEarthlings's picture

Well..that just sounds silly on the face of it. 

Nobody gets 'elected' ("real or not real") ..they are put in place.

This place is just silly these days.

Tue, 02/10/2015 - 18:16 | 5768698 swass
swass's picture

Warren is a communist.  She happens to sometimes agree with libertarian-minded people from time to time on some issues, but even communists can believe in some fiscal responsibility.  In this case, it's pretty clear she knows government (she) benefits from the Fed, and her rich, juiced-in constituents and donors benefit from the Fed.

Tue, 02/10/2015 - 16:23 | 5768065 TeethVillage88s
TeethVillage88s's picture

The Power Play is on. People are chosing up sides on this issue simply to get support for other legislation or actions. I mean Senator Warren.

We saw this story last week:

- Yellen came out against it
- Fisher and Plosser are against it
- Obama came forward and said he would Veto it

Democrats are out of power in both houses now.

Republicans are deeply involved with MIC & Banks and know they need loose money to get things done. Republican never wanted this, they don't want banking reform.

- It is foolish perhaps for Rand Paul to think that this can get down in a congress of Republicans, but maybe a new crisis will come up in Banking, and maybe he felt he needed to keep the idea alive, and continue to work this issue for his constituents

- New Crisis Cued Up

What would happen if the Interest Rate was allowed to rise?

2014 Total--Interest on the Public Debt = $429.568 Billion
2013 Total--Interest on the Public Debt = $415.670 Billion
2003 Total--Interest on the Public Debt = $318.149 Billion
2002 Total--Interest on the Public Debt = $332.537 Billion
2001 Total--Interest on the Public Debt = $359.508 Billion
2000 Total--Interest on the Public Debt = $362.118 Billion
1999 Total--Interest on the Public Debt = $353.511 Billion
1998 Total--Interest on the Public Debt = $363.824 Billion

Tue, 02/10/2015 - 16:27 | 5768094 LawsofPhysics
LawsofPhysics's picture

I don't think you fully appreciate the laws of Nature and physics, or chaos theory for that matter.

Allow me to simplify, what humans "want" is largely irrelevant.

Tue, 02/10/2015 - 17:01 | 5768243 TeethVillage88s
TeethVillage88s's picture

That is how I feel every time I look at the Federal Budget Numbers.

But I can counter with a huge list of Legislation that Proves we are a Socialist Nation. Many ZHs that think we are not must be living in the middle of chaos.

Humanism might be the study of how people are not as expected or predictable... as greed, envy, fraud, crime, violence, and racketeering prove over and over.

oops took me 10 minutes to figure out what you were seeing & saying. "Republican never wanted this, they don't want banking reform."

- So the system will change whether it wants to or not

Wed, 02/11/2015 - 12:03 | 5771449 Livermore Legend
Livermore Legend's picture

"......the Laws of Nature and Physics, or Chaos Theory ......"

Indeed....

Tue, 02/10/2015 - 16:23 | 5768070 Uncle Remus
Uncle Remus's picture

JHFC. SOME DAMN BODY needs to start meddling in the Fed's unfuckingconstitutional shit because, by gumbo, they're damn sure meddling in mine!

Tue, 02/10/2015 - 16:25 | 5768079 LawsofPhysics
LawsofPhysics's picture

An audit does not promote anything but transparency.  Fuck, did someone get to Elizabeth too?  Damn.

Fuck em, fuck em all.

Tue, 02/10/2015 - 16:26 | 5768084 hotrod
hotrod's picture

"Dangerous implications"  Didn't we hear all these threats from Paulson and Geitner?   The IRS can search and destroy any entity in the world and we cant check out the FED.

 

Tue, 02/10/2015 - 16:27 | 5768089 Itchy and Scratchy
Itchy and Scratchy's picture

This disgusting paracite has her greedy Scam-dinavian snout buried so deep in the public trough she doesn't know if her tail is curly or not! The next great liberal 'caring & sharing' visionary!' LOL!!!!!!!  'Merica is truly F'd with the likes of these types!

Tue, 02/10/2015 - 16:27 | 5768092 Westcoastliberal
Westcoastliberal's picture

How disappointing to hear Elizabeth Warren oppose Paul's bill.  And I thought she just might be on the side of the people.

Tue, 02/10/2015 - 16:29 | 5768107 Itchy and Scratchy
Itchy and Scratchy's picture

Dream on my friend! This paracite has always been about her twisted little 'ol self!

Tue, 02/10/2015 - 16:39 | 5768176 DLux
DLux's picture

HAHAHHA...yeah, like Ted Cruz is...

Tue, 02/10/2015 - 16:46 | 5768221 Itchy and Scratchy
Itchy and Scratchy's picture

Yeah ...just like Ted Cruz .....Hahahahahahah!

Tue, 02/10/2015 - 17:20 | 5768439 Bemused Observer
Bemused Observer's picture

You make the same mistake as the Repubs who scream "Betrayal!" when their guy votes for something they consider 'liberal'...

You MUST clear your mind of the notion of left/right! They are TWO SIDES OF THE SAME COUNTERFEIT COIN!

There IS no "good side" of a counterfeit coin.

Tue, 02/10/2015 - 16:27 | 5768093 Bemused Observer
Bemused Observer's picture

I'm telling you, I think it is very possible we could see Big Finance taken down by the political elite...Yeah, they're on the payroll at the moment, but I'm sure they see the mess that is being made, and realize they are on the frontlines for fallout should it all go horribly wrong.
A Fed audit would certainly provide plentiful ammo for any future investigations that might come up should Janet fuck this up...You don't have to USE it, you just want to let 'em know you've GOT it...just in case.
Someone might be scared things are unraveling, and want to focus the Fed's mind. Kinda like what Paulson did with THEM years ago when he needed that bailout money.
Now the shoe is on the other foot...the message has been delivered. "We will NOT go down alone."

Wed, 02/11/2015 - 11:52 | 5771398 Livermore Legend
Livermore Legend's picture

Indeed....

PAST IS PROLOGUE.

The Confluence of HUMAN NATURE and MATHEMATICS is beyond the CONTROL of even "THE POWERS THAT BE".

Ultimately, Self-Interest comes to the Fore.

That is what is Unfolding Right Now......

As I've said,  The 'Baron' had it Wrong..."Give me Control of Human Nature".....

 

Tue, 02/10/2015 - 16:28 | 5768101 zeropain
Tue, 02/10/2015 - 17:32 | 5768120 Itchy and Scratchy
Itchy and Scratchy's picture

Was that fauxcahontas at the time she extorted her older lawyer husband? After he paid all her bills she hung him out to dry like her laundry! She's a real cutie!

Tue, 02/10/2015 - 16:32 | 5768122 paint it red ca...
paint it red call it hell's picture

With the tempo of the cluster fuck metronome  sped up of late, the stage certainly seems set.

The lights have been lowered.

There's activity behind the curtain.

I myself am going to sit and munch popcorn (non GMO), avoid vaccinations, MSM news and TSA searches until the overture ends then hunker down in my seat. I'm not in the front row but suspect every seat in the house will be a good one.

What comes onstage is anyone's guess, but I bet it won't be dull.

Tue, 02/10/2015 - 16:32 | 5768123 ThroxxOfVron
ThroxxOfVron's picture

Aha!

Hillary Clinton has been hiding behind that Chappaquiddick Indian Mask!

 

"Remember the Taxechusetts!"

Tue, 02/10/2015 - 16:32 | 5768129 stvitus
stvitus's picture

I've been pointing out that Thin Lizzy W. is an arena rock bullshit artist /"populist" since day one. This is the kind of shit I was predicting.

Back to the refrain, my brothers and sisters:

It is never different this time.

Tue, 02/10/2015 - 19:59 | 5769152 Talcott
Talcott's picture

Monkey's don't understand spirals.....

Tue, 02/10/2015 - 20:12 | 5769214 stvitus
stvitus's picture

It's just too rich for me that some people are fooled into thinking she's going to do anything but fuck them right where they stand.

It's like a gambler who loses every time for at least a hundred straight years, but is convinced the next roll of the dice/hand/horse/dog/ticket is gonna be the big old jackpot. 

The mentality that finding the right savior is the real ticket is a facet of the problem. Perhaps I'm the moron for thinking people will actually figure this out.

Tue, 02/10/2015 - 16:32 | 5768132 Inthemix96
Inthemix96's picture

And once again, day after fucking day we are proved correct, day after fucking day, week after week?????

Everything is a fucking lie of proportions that are so monumental to comprehend to the average joe.  Thats why there cannot be any political solutions to our collective problems, this kabuki theatre is what they honestly think we all believe.

Thick fucking inbred parasites living large on your coin.  It is staggering just how fucking imbicilic these fucking klowns are.

Lies, more lies, theft, child rape and deception, with some bull fucking shit sprinkled on.

Cunts

;-)

Tue, 02/10/2015 - 16:32 | 5768133 rwe2late
rwe2late's picture

US Constitution

Article 1 section 8

Congress shall have the power

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

Yep,

doesn't say anything about auditing the Fed.

 

but ...

Tue, 02/10/2015 - 16:35 | 5768144 WTFUD
WTFUD's picture

They can't show us TINY Greece's BOOKS let alone the FED. USA USA USA

Tue, 02/10/2015 - 16:35 | 5768145 rogerrabbithole
rogerrabbithole's picture

Fuck that cunt. She's just a pretender.

Tue, 02/10/2015 - 16:40 | 5768183 Itchy and Scratchy
Itchy and Scratchy's picture

Worse!

Tue, 02/10/2015 - 16:37 | 5768147 John Wilmot
John Wilmot's picture

First Bernie Sanders, now Elizabeth Warren.

...their pro-Fed stance tells you everything you need to know about "progressives."

When it comes right down to it, they don't give a shit about anything other than keeping the FreeShit flowing, for which the Fed is crucial (the bloated government could not finance itself otherwise).

Tue, 02/10/2015 - 16:38 | 5768171 stvitus
stvitus's picture

Dead-fucking-on, John Wilmot.

Progress. Progress towards the mean-reversion of mass serfdom and "divine right" of the elite to bar the gates to the rest of us.

Tue, 02/10/2015 - 16:43 | 5768208 TeethVillage88s
TeethVillage88s's picture

Only thing I can say is that my father still believes this "Meme" last I checked with him.

The older Generation pulled together in WWII and became team players. But they got a lot of WWII Propaganda too.

Someone famous must have kept being quoted about the independence and fidelity of the Federal Reserve... and remember Propaganda was used and perfected in WWI and the years that followed... TV just makes it that much more effective.

So Damn the US Education & Propaganda spinning government, the lord protectors of the European Banking Cartel on Wall Street. Damn the MSM. Question Authority. Term Limits. End the Gift Giving in Congress. End the FED.

-

"Today we have Senator Elizabeth Warren trying to sound supportive of transparency but proclaiming that she opposes Rand Paul's "Audit The Fed" Bill because it promotes "congressional meddling in the Fed’s monetary policy decisions."

"Desperate to appear a huge opponent to Wall Street (and The Fed) Warren begins... (as Bloomberg reports)"

Let Elizabeth Warrens Words come back to haunt her or limit her terms.

Tue, 02/10/2015 - 16:51 | 5768241 Arnold
Arnold's picture

Easy now,

she's forward looking enough to see her next job , when she wants it.

Can't beat her up too badly for that.

Tue, 02/10/2015 - 16:36 | 5768151 you enjoy myself
you enjoy myself's picture

since when is an audit, in any other circumstance, "meddling" or "second guessing" or "inserting themselves into decision making"?  all an audit does is let some 3rd party verify what the fuck you're actually doing.   the only time that it's (in Furman's words) dangerous is when you really have something to hide.

Tue, 02/10/2015 - 16:54 | 5768254 madcows
madcows's picture

or it's used as a weapon against those you oppose.  ask the tea partiers how their audits are going.

Tue, 02/10/2015 - 16:37 | 5768157 williambanzai7
williambanzai7's picture

Indian giver

Tue, 02/10/2015 - 16:56 | 5768264 Jethro
Jethro's picture

Indian should be in quotes.

Tue, 02/10/2015 - 16:37 | 5768161 Uncle Remus
Uncle Remus's picture

I'm gonna suggest you folks look-up "ruthless" and then come to terms with it's use and application.

'Cause, that's what it will take. No namby-pamby bullshit, no talking, no compromises - just pure unadulterated ruthlessness. It's the only thing the metastasized cancer understands.

Tue, 02/10/2015 - 16:38 | 5768164 joeyman9
joeyman9's picture

Well when push comes to shove at least we now know that she is no different than the rest of her coherts.  Just another politician, nothing to see here, move along........

Tue, 02/10/2015 - 16:39 | 5768177 Itchy and Scratchy
Itchy and Scratchy's picture

She is tons worse and much more dangerous! I'm sure her 'personal' file has been closed & sealed forever!

Tue, 02/10/2015 - 16:38 | 5768169 Jethro
Jethro's picture

Well, that vacuous cunt probably just earned her Presidential endorsement.

Tue, 02/10/2015 - 16:39 | 5768173 SMC
SMC's picture

Oversight will not cure the disease.

 

Tue, 02/10/2015 - 17:15 | 5768404 Falconsixone
Falconsixone's picture

Maybe in sights need apply.

Tue, 02/10/2015 - 17:35 | 5768517 John Wilmot
John Wilmot's picture

It's not an end in itself.

The purpose of Audit the Fed has always been to reveal the corruption at the Fed, so as to build popular support for abolishing it.

Tue, 02/10/2015 - 16:40 | 5768182 hotrod
hotrod's picture

It is a matter of National Security.

Tue, 02/10/2015 - 16:41 | 5768192 Catullus
Catullus's picture

"Monetary policy".

Hahahahahahahaha.

They've sold this lie so many times. It's a banking cartel. The oversight they have is to make sure one of the member banks doesn't inflate greater than the others.

Elizabeth Warren: champion of people who have no clue.

Tue, 02/10/2015 - 16:42 | 5768195 loveyajimbo
loveyajimbo's picture

OK, Yoda Yellen, you walking yeast infection... let's compromise... and shut DOWN the fucking Fed... and the gang of criminals that own it.  The Treasury can do it all, and while inept and corrupt too... they are not owned by the friggen' Rothschilds.  Get Rand Paul in there for 8 years and he may just get the mess mostly cleaned up.

Tue, 02/10/2015 - 16:45 | 5768215 Itchy and Scratchy
Itchy and Scratchy's picture

Just out of curiousity .... has any legitimate American Indian tribe ever claimed her as one of her own? There must be one somewhere who wants in the spot-light?

Tue, 02/10/2015 - 17:36 | 5768528 Caleb Abell
Caleb Abell's picture

No.  She claims Cherokee ancestry, but there is no record of it that genealogists have found.  Members of the Cherokee Nation have objected to her claims.

Tue, 02/10/2015 - 19:11 | 5768955 flyingcaveman
flyingcaveman's picture

She's full-blooded Slapahoe. I guarantee it.

Tue, 02/10/2015 - 16:46 | 5768218 MasterControl
MasterControl's picture

Anyone who believed pocahontas was some kind of anti-wall street renagade is very naive and a danger to what little remains of the republic.

Tue, 02/10/2015 - 16:46 | 5768224 orangegeek
orangegeek's picture

All central banks are causing these markets to run globally.

 

Take what central banks are reporting on the balance sheet and DOUBLE/TRIPLE the number.

 

This is how much future debt needs to be unwound.

 

I truly hope you rot in hell yellen!!!!

Tue, 02/10/2015 - 16:53 | 5768250 Frank N. Beans
Frank N. Beans's picture

"...and may have dangerous implications for financial stability and the health of the global economy."

In other words, she already knows the results of what an audit would do.  It would expose the man behind the curtain once and for all and we can't have that!

 

Tue, 02/10/2015 - 16:54 | 5768253 estebanDido
estebanDido's picture

Al Capone didn't like audits either.

Tue, 02/10/2015 - 16:56 | 5768265 Itchy and Scratchy
Itchy and Scratchy's picture

Nice!

Tue, 02/10/2015 - 16:55 | 5768258 RaceToTheBottom
RaceToTheBottom's picture

Regulatory responsibilities without audit capabilities.....

Didn't we just have that, and how well did that work out?

 

Kinda like "Mark to Model" or more realistically, "Mark to Fantasy".

 

Tue, 02/10/2015 - 16:58 | 5768269 nosoeawe
nosoeawe's picture

What do you expect, this is the same Elizabeth Warren that was chair of the congressional oversight panel overseeing TARP.

Imagine the skeletons this lousy bitch has laying around

Tue, 02/10/2015 - 16:58 | 5768270 madcows
madcows's picture

"Warren goes looking for campaign financiers in preparation for her 2020 presidential run!"

Tue, 02/10/2015 - 17:29 | 5768494 ReactionToClose...
ReactionToClosedMinds's picture

yes ........her advisor is Chris Dodd.  where is the financial news media to expose any of this ?    Oh wait.......the Hartford Courant mentioned a tame accusation that the Senator from CT had a neat Irish get away (jornolistic integrity covered...-...check; can I join you now Ezra Klein at Vox?).   Perfect opportunity for a clear-eyed B'berg piece or any other news media .....never happened. 

Tue, 02/10/2015 - 16:58 | 5768276 Madcow
Madcow's picture

if you have nothing to hide, you've got nothing to fear

Tue, 02/10/2015 - 17:00 | 5768287 Handful of Dust
Handful of Dust's picture

She meant to say, "audacious meddling."

Scab.

Tue, 02/10/2015 - 17:01 | 5768293 WTFUD
WTFUD's picture

I think the following statement sums up NICELY the CONTEMPT for us PLEBS

French Finance Minister in reference to Greece:-

'You can't talk in the same manner when you are Finance Min or PM than when you were just a candidate'

Tue, 02/10/2015 - 17:01 | 5768294 Chippewa Partners
Chippewa Partners's picture

Like any Native Tribal member Ms. Warren hides under sovereign immunity to this day! Well done Ms. Fakeahontas!

Tue, 02/10/2015 - 17:02 | 5768307 lordbyroniv
lordbyroniv's picture

will be vetoed even if it passes both Houses

 

NEVER GUNNA HAPPEN

Tue, 02/10/2015 - 17:04 | 5768328 Falconsixone
Falconsixone's picture

Harvard clown faced lesbo (ask bloody hitlery how good she is at lapping up toxic stink). How fast can a blind horse pedal a lightbulb to the offshore bank of self service dildos?

Wed, 02/11/2015 - 07:18 | 5770448 ParkAveFlasher
ParkAveFlasher's picture

Wow, that's a mouthful. 

Tue, 02/10/2015 - 17:09 | 5768337 piratepiet
piratepiet's picture

If I had been voted president of the USA, I would immediately demand a recount !  (credit to Bill Bonner)

Tue, 02/10/2015 - 17:07 | 5768348 TallTurtle
TallTurtle's picture

Why not?  The Emperor has no clothes perhaps.  

Tue, 02/10/2015 - 17:07 | 5768350 prymythirdeye
prymythirdeye's picture

This one's for all you Warren lovers.  SHE'S NOT FOR THE PEOPLE AND NEVER HAS BEEN.  Got it now?

Tue, 02/10/2015 - 17:14 | 5768400 Mike Honcho
Mike Honcho's picture

Wrong brah.  Any followers of these figures never get it.  Clinton is still favored in her party, regardless of track record.  People that believe in these jokers dont have the mental capacity for critical thinking.

Tue, 02/10/2015 - 17:38 | 5768534 John Wilmot
John Wilmot's picture

In other words, democracy is a terrible form of government.

Tue, 02/10/2015 - 17:41 | 5768550 Jethro
Jethro's picture

Funny how our President so often endorses it for everybody though.  If only we could go back to being a Constitutional Republic without all the necessary bloodshed.  Alas...

Tue, 02/10/2015 - 19:13 | 5768965 prymythirdeye
prymythirdeye's picture

I was mainly talking about the people who feel the need to comment about her on this board.  I do agree that the cognitive dissonance is too hard to overcome for most.

Tue, 02/10/2015 - 19:16 | 5768982 prymythirdeye
prymythirdeye's picture

Aw, one person still on the Warren train.  Must be one of her tribal elders sticking up for her.

Tue, 02/10/2015 - 17:11 | 5768370 maneco
maneco's picture

If the Fed has got nothing to hide and has done nothing wrong or illegal why not accept an audit? 

Tue, 02/10/2015 - 17:18 | 5768424 piratepiet
piratepiet's picture

dude, do you understand "illegal" is not a God given concept ?  It is decided on by power.  An even higher form of power is not to allow judgement on legality at all. 

Tue, 02/10/2015 - 17:26 | 5768481 spinone
spinone's picture

There is no final authority, not the church or the state. There is only the greater capacity for violence, or to protect yourself from violence. Death is the final authority.

Tue, 02/10/2015 - 17:41 | 5768522 piratepiet
piratepiet's picture

I believe to people who study power in its various dimensions, authority implies a certain acceptance of power.  Many states and certainly the church still have a lot of authority.  But it is a personal choice.

Tue, 02/10/2015 - 17:13 | 5768393 f16hoser
f16hoser's picture

I've had it with our governments "Plausible Deniability" when it comes to the Fed's monetry raping of US Citizens. Congress is suppose to do what the people order it to do. Questions???

Tue, 02/10/2015 - 17:13 | 5768395 sam site
sam site's picture

Congressional meddling huh.  The Federal Reserve Act of 1913 specifies that congress can immediately absolve the body overnight.  That provision quelled the protests that the Fed could usurp power from congress as they have done.  Remember Bernanke telling lawmakers during a Fed hearing, "I don't have to tell you".  These crooks have steel cojones. 

They arrogantly take on airs as if they have a right to control and steal America's money.  The Fed is a private emergency reserve bank allegedly designed to cover bank runs when banker owner crooks steal and lose depositor money.  The Fed's creation was completely unnecessary if congress had just reformed banking rules to eliminate Fractional Reserve Banking that allowed owners to spend and lose depositor money. 

The Fed has killed congressional opponents like House Banking Chairman Louis McFadden in 1936 for exposing the Fed for having stolen America's gold, [sending it to Hitler] and causing the 30s Depression.  See Louis McFadden 

http://www.afn.org/~govern/mcfadden.html

They also crashed Sen Cutter Bronson's plane to defeat a 30s era bill to eliminate Fractional Reserve Banking that led to hundreds of bank runs in 1933.  America will some day through the power of the internet, discover the criminals that have been controlling and ruining our country and the West for a hundred years.   

Not only have these crooks debased the dollar by counterfeiting their Notes, but they have conducted a debelitating poisoning campaign of the public through poisons added to the medicine, food, water and air in order to handicap the public and minimize the chance of discovery and removal of these crooks that took over and have been controlling America since the 1913 Fed Act.

Tue, 02/10/2015 - 17:57 | 5768616 dexter_morgan
dexter_morgan's picture

1913 was a very bad year.

Tue, 02/10/2015 - 20:39 | 5769297 NickVegas
NickVegas's picture

1913

Federal reserve creation, income tax creation, removal of State legislature control of the election of Senators.

This a senator we are talking about here. Hmmm, curiouser and curiouser.

1913 was a very bad year.

 

Tue, 02/10/2015 - 17:14 | 5768399 MrBoompi
MrBoompi's picture

Every child cries when they finally realize they have to take their hand out of the cookie jar.  Exposing the anti-American fraud that is the US Federal Reserve might lead to some ind of monetary reforms.  I won't be holding my breath in any case however.

Tue, 02/10/2015 - 17:14 | 5768402 Grimaldus
Grimaldus's picture

"Today we have Senator Elizabeth Warren trying to sound supportive of transparency but proclaiming that she opposes Rand Paul's "Audit The Fed" Bill because it promotes "congressional meddling in the Fed’s monetary policy decisions.""

Because progressives just want to steal MOAR!

 

Grimaldus

Tue, 02/10/2015 - 17:27 | 5768489 Itchy and Scratchy
Itchy and Scratchy's picture

The sad & bitter truth!

Tue, 02/10/2015 - 17:19 | 5768432 ReactionToClose...
ReactionToClosedMinds's picture

as an aside....it is interesting that Fisher & Plosser were on Fox Bz versus the Brian Williams network affiliates.  

By the way......an 'audit' of the Federal Reserve could be conducted that took care to address their concerns largely but address the core objective of the audit.  I do think the taxpayers (and every central american as well  since they are de facto citizens it seems) are entitled to understand what was done 'in their name' ....'to save the system' ......in 2008 and 2009 as well as how much backdoor support was provided ECB and particularly foreign banks via their US affiliates.   Dear Federal Reserve Board...please explain what is particularly objectionable about the preceding?

Free Jon Corzine and Chris Dodd!

 

Tue, 02/10/2015 - 17:27 | 5768486 Itchy and Scratchy
Itchy and Scratchy's picture

Amen!

Tue, 02/10/2015 - 17:21 | 5768440 shanearthur
shanearthur's picture

Where's the direct link to the bill? I ask this because I didn't see it in this article. I google that S264 and get some crap about health care. I tried several other articles and neither directly link to the actual bill. See, that's what gets me! I start thinking that even Rand Paul will be full of shit and some small print will stop this from ever happening.

P.S. Edit The Fed ... after we free Corzine!

 

Tue, 02/10/2015 - 18:07 | 5768597 John Wilmot
John Wilmot's picture

https://www.govtrack.us/congress/bills/114/s264/text

Here's the crucial part:

"(c)Repeal of certain limitations

Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after "in writing"

Here is subsection (b), section 714, title 31 US code. Rand's bill deletes the bolded part.

http://www.law.cornell.edu/uscode/text/31/714

"(b) Under regulations of the Comptroller General, the Comptroller General shall audit an agency, but may carry out an onsite examination of an open insured bank or bank holding company only if the appropriate agency has consented in writing.  Audits of the Board and Federal reserve banks may not include—

(1) transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;

(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations;

(3) transactions made under the direction of the Federal Open Market Committee; or

(4) a part of a discussion or communication among or between members of the Board and officers and employees of the Federal Reserve System related to clauses (1)–(3) of this subsection"


In other words, the bill lifts those restrictions, allowing for a full audit of the Fed's monetary policy.
Tue, 02/10/2015 - 17:20 | 5768444 insanelysane
insanelysane's picture

She is pro-transparency just like the POTUS.

Tue, 02/10/2015 - 17:26 | 5768483 Itchy and Scratchy
Itchy and Scratchy's picture

Exxxxelent Smithers!

Tue, 02/10/2015 - 17:22 | 5768455 spinone
spinone's picture

I guess we know which side she's on. The 1%.

Since when can banks not be audited? Congress can do whatever it wants with the fed, they created it in the first place.

Tue, 02/10/2015 - 17:26 | 5768478 Falconsixone
Falconsixone's picture

Sounds like a good reason to take a gander at it if it's a matter of "May have dangerous implications for financial stability and the health of the global economy."  hmm.....yes, we better look at it before we vote on it this time. Congress and senate think getting to the bottom of things means draining whiskey bottles and taking off hookers panties.

Tue, 02/10/2015 - 17:56 | 5768609 dexter_morgan
dexter_morgan's picture

it smells like a bottom.......

Tue, 02/10/2015 - 17:26 | 5768480 Thalamus
Thalamus's picture

Isn't the treasury department in charge of issuing the currency and treasury notes, not the Federal Reserve, according to the Constitution?  If so, what is the conflict of interest with congress being involved in monetary policy? 

Tue, 02/10/2015 - 17:54 | 5768605 dexter_morgan
dexter_morgan's picture

Federal Reserve Act that got railroaded through. 

Consitution?.......LOL - nobody has paid much attention to that since dishonest Abe began shredding it back in the 1860's.

Tue, 02/10/2015 - 17:31 | 5768500 Imagery
Imagery's picture

I knew that Native 'murican <unt was a fake.  First chance Liz Warren got to "get some on the side from Fed" she lost all her concerns about same.

Tue, 02/10/2015 - 17:34 | 5768508 No More Bubbles
No More Bubbles's picture

I've been telling friends for years that she was a phony and a fraud, but was just talking a big game and would only disappoint anyone who bought her bullshit, if they were dumb enough to believe her BS and now, maybe wise enough to see she's full of it.   I really hate when I'm right about this shit, but it's just too easy.

 

FUCK YOU ELIZABETH!!!

Tue, 02/10/2015 - 17:34 | 5768511 eddiebe
eddiebe's picture

Oh, so she will run for president.

Tue, 02/10/2015 - 17:35 | 5768519 shanearthur
shanearthur's picture

Curious sort: "Hey Congress! Do you know you have the power to coin money? In other words, you can create money out of thin air yourselves."

Congress: "We'd rather have a middleman do it for us and charge us unnecessary compound interest that eventually gets too big to repay and destroys the country."

 

Tue, 02/10/2015 - 17:48 | 5768586 Urban Redneck
Urban Redneck's picture

They have more than the authority to just "coin money."  Congress, or the President even without Congress, could direct the Secretary of the Treasury to begin reissuing United States Notes (which are already legal tender) AT ANY TIME.  

Bubba Clinton (among his countless other crimes) might have de facto killed the United States Notes and burned the stockpile, but the authorizing law survives.

Tue, 02/10/2015 - 17:36 | 5768525 Atomizer
Atomizer's picture

Elizabeth Warren forget to wear her Indian feathered Headdress when jumping from the cliff [singing Kumbayah] after the Federal Reserve Chairperson [chrome dome] gave her a ultimatum to participate in the three ring voting circus of 2016 . BTW, piss off Janet Yellen.

The KVB - Into The Night

Tue, 02/10/2015 - 17:39 | 5768540 orangegeek
orangegeek's picture

tech companies like google and apple don't need banks - they are banks and run a helluva lot better than banks

 

and guess what?  tech companies strength is...wait for it....tech!!!  running a bank from a tech persective wouldn't be a stretch.

 

so why would tech companies give their cash to banks?  tech companies could buy a small regional and make it as big as they wanted.  so the answer is that techs don't need banks.

 

and the likes of yellen, GS and JPM could watch as their little fifedoms disappear while the likes of google, apple, facebook, linkedin, amazon, etc. take over and run things.

 

 

careful with that internet regulation legislation barry - you will start a fight that you won't be able to finish.

Tue, 02/10/2015 - 18:00 | 5768635 Atomizer
Atomizer's picture

Orangegeek, I have some bad news for you about Crapple iOS. Enjoy, pucker your asshole unic. Bet you own a white iPhone. Wipe your ass with it. You can help launch a chocolate colored iPhone.

Pawn Storm Update: iOS Espionage App Found

http://blog.trendmicro.com/trendlabs-security-intelligence/pawn-storm-update-ios-espionage-app-found/

Stupid Apple cunts will never learn. Enjoying my Blackberry Passport.

Tue, 02/10/2015 - 17:40 | 5768546 kchrisc
kchrisc's picture

Warren: "My masters called me this morning, and told me that unless I wanted a visit from MasterBlaster, I better not agree, or appear to agree, to audit their more criminal than my ass, asses."

The banksters need to repay us.

 

My idea of a true FedRes audit: "One head, two heads, three heads..."

Tue, 02/10/2015 - 17:43 | 5768560 Itchy and Scratchy
Itchy and Scratchy's picture

Lie-a-watha can't tell the difference between lying & telling the truth any more & really doesn't care anywway! She is the personification of a paracite. Ideal poster child for liberal/democratic vision! The fact that she is a Senator sickens me!

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