This page has been archived and commenting is disabled.
Janet Yellen Is Freaking Out About "Audit The Fed" – Here Are 100 Reasons Why She Should Be
Submitted by Michael Snyder via The End of The American Dream blog,
Janet Yellen is very alarmed that some members of Congress want to conduct a comprehensive audit of the Federal Reserve for the first time since it was created. If the Fed is doing everything correctly, why should Yellen be alarmed? What does she have to hide?
During testimony before Congress on Tuesday, she made “central bank independence” sound like it was the holy grail. Even though every other government function is debated politically in this country, Yellen insists that what the Federal Reserve does is “too important” to be influenced by the American people. Does any other government agency ever dare to make that claim?
But of course the Federal Reserve is not a government agency. It is a private banking cartel that has far more power over our money and our economy than anyone else does. And later on in this article I am going to share with you dozens of reasons why Congress should shut it down.
The immense power wielded by the Federal Reserve is clearly demonstrated whenever Janet Yellen speaks publicly. On Tuesday, her comments about interest rates sent stocks to brand new record highs…
Yellen, in her semi-annual testimony before the Senate banking committee, used a word familiar to investors when she reiterated that the central bank will be “patient” on raising interest rates for the first time since the 2008 financial crisis. Traders took that as a sign that interest rates would remain unchanged until autumn.
The Dow Jones Industrial Average rose 92.35 points (0.5%) to 18,209.19, while the Standard & Poors 500 gained 5.82 points (0.3%) to 2,115.48, both eclipsing Friday’s record closes.
But Yellen was also unusually defensive on Tuesday. The “Audit the Fed” bill that is being sponsored by Rand Paul (among others) has her really freaked out. The following comes from the Hill…
Appearing before the Senate Banking Committee, Yellen was on the defensive, as Republicans questioned how the Fed conducts monetary policy and Democrats put forward ideas for getting tougher on Wall Street.
In the midst of all of it, Yellen generally argued the Fed was designed as an independent entity for a reason — and it would be best not to change it.
“Central bank independence in conducting monetary policy is considered a best practice for central banks around the world,” she said. “Academic studies, I think, establish beyond the shadow of a doubt that independent central banks perform better.”
In fact, she went so far as to mention the “Audit the Fed” bill by name…
A GOP-controlled Congress has given the bill its best chances yet of passage, and that renewed interest led Yellen to deliver her most spirited opposition yet.
“I want to be completely clear,” she said. “I strongly oppose Audit the Fed.”
Yellen argued the audit measure would allow politicians to second-guess the Fed’s decisions, which, in turn, would weaken the central bank. And the ultimate victim of that process, she said, would be the U.S. economy.
So what is she so concerned about?
We are all accountable to someone.
What is so wrong about the Federal Reserve being accountable to Congress?
Why can’t we find out what is really going on inside the Fed?
And of course it isn’t just Yellen that is freaking out. Just consider these comments from Richard Fisher, the president of the Federal Reserve Bank of Dallas…
“It is always politically convenient to make something sound mysterious, if not malevolent, by claiming it is opaque,” Fisher said in a speech to the Economic Club of New York that is part of an effort by Fed officials to fight the legislation.
“My suspicion is that many of those in Congress calling for ‘auditing’ the Fed are really sheep in wolves’ clothing,” he said. “Having proven themselves unable to cobble together with colleagues a working fiscal policy or to construct a regulatory regime that incentivizes rather than discourages investment and job creation — in other words, failed at their own job — they simply find it convenient to create a bogeyman out of an entity that does its job efficiently.”
Obviously this is a very, very touchy subject over at the Fed.
It is quite clear that they do not want the rest of us to be able to see what they are really up to.
And the truth is that if the American people really did know how the Federal Reserve works and what it has been doing behind closed doors, most Americans would want it shut down tomorrow.
At the end of the day, the reality of the matter is that we don’t even need a Federal Reserve. I really like how David Stockman made this point the other day…
At the end of the day, American capitalism does not need recycled political hacks like Jerome H. Powell or clueless school marms like Janet Yellen to thrive. If we need a Fed at all, it is the one designed by Carter Glass 100 years ago. That is, a “bankers bank” that was intended to provide standby liquidity at a penalty spread above the free market interest rate in consideration for good collateral originating from inventory and receivables in the real economy.
Under that arrangement, there would be no monetary central planning or pointless attempts to manage the level of GDP, the number of new jobs, the rate of housing starts, the fluctuations of the CPI or the amplitudes of the business cycle. There would also be no pegging of the money market rate, no helping hand for Wall Street gamblers, no cheap debt to enable profligate politicians to kick-the-can down the road indefinitely.
In short, what the nation really needs is not an “independent” Fed, but one that is shackled to a narrow and market-driven liquidity function. The rest of its current remit is nothing more than the self-serving aggrandizement of the apparatchiks who run it; and who have now managed to turn the nation’s vital money and capital markets into dangerous, unstable casinos, and the nations savers into indentured servants of a bloated and wasteful banking system.
The Federal Reserve has been around for just over a hundred years, and it has done an absolutely abysmal job for the American people.
I want to share with you some facts and figures that I have shared before, but they bear repeating. Please share this list of 100 reasons why the Federal Reserve should be shut down with everyone that you know…
#1 We like to think that we have a government “of the people, by the people, for the people”, but the truth is that an unelected, unaccountable group of central planners has far more power over our economy than anyone else in our society does.
#2 The Federal Reserve is actually “independent” of the government. In fact, the Federal Reserve has argued vehemently in federal court that it is “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.
#3 The Federal Reserve openly admits that the 12 regional Federal Reserve banks are organized “much like private corporations“.
#4 The regional Federal Reserve banks issue shares of stock to the “member banks” that own them.
#5 100% of the shareholders of the Federal Reserve are private banks. The U.S. government owns zero shares.
#6 The Federal Reserve is not an agency of the federal government, but it has been given power to regulate our banks and financial institutions. This should not be happening.
#7 According to Article I, Section 8 of the U.S. Constitution, the U.S. Congress is the one that is supposed to have the authority to “coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. So why is the Federal Reserve doing it?
#8 If you look at a “U.S. dollar”, it actually says “Federal Reserve note” at the top. In the financial world, a “note” is an instrument of debt.
#9 In 1963, President John F. Kennedy issued Executive Order 11110 which authorized the U.S. Treasury to issue “United States notes” which were created by the U.S. government directly and not by the Federal Reserve. He was assassinated shortly thereafter.
#10 Many of the debt-free United States notes issued under President Kennedy are still in circulation today.
#11 The Federal Reserve determines what levels some of the most important interest rates in our system are going to be set at. In a free market system, the free market would determine those interest rates.
#12 The Federal Reserve has become so powerful that it is now known as “the fourth branch of government“.
#13 The greatest period of economic growth in U.S. history was when there was no central bank.
#14 The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. Since the Federal Reserve was established 100 years ago, the U.S. national debt has gotten more than 5000 times larger.
#15 A permanent federal income tax was established the exact same year that the Federal Reserve was created. This was not a coincidence. In order to pay for all of the government debt that the Federal Reserve would create, a federal income tax was necessary. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.
#16 The period prior to 1913 (when there was no income tax) was the greatest period of economic growth in U.S. history.
#17 Today, the U.S. tax code is about 13 miles long.
#18 From the time that the Federal Reserve was created until now, the U.S. dollar has lost 98 percent of its value.
#19 From the time that President Nixon took us off the gold standard until now, the U.S. dollar has lost 83 percent of its value.
#20 During the 100 years before the Federal Reserve was created, the U.S. economy rarely had any problems with inflation. But since the Federal Reserve was established, the U.S. economy has experienced constant and never ending inflation.
#21 In the century before the Federal Reserve was created, the average annual rate of inflation was about half a percent. In the century since the Federal Reserve was created, the average annual rate of inflation has been about 3.5 percent.
#22 The Federal Reserve has stripped the middle class of trillions of dollars of wealth through the hidden tax of inflation.
#23 The size of M1 has nearly doubled since 2008 thanks to the reckless money printing that the Federal Reserve has been doing.
#24 The Federal Reserve has been starting to behave like the Weimar Republic, and we all remember how that ended.
#25 The Federal Reserve has been consistently lying to us about the level of inflation in our economy. If the inflation rate was still calculated the same way that it was back when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10 percent today.
#26 Since the Federal Reserve was created, there have been 18 distinct recessions or depressions: 1918, 1920, 1923, 1926, 1929, 1937, 1945, 1949, 1953, 1958, 1960, 1969, 1973, 1980, 1981, 1990, 2001, 2008.
#27 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.
#28 The Federal Reserve created the conditions that caused the stock market crash of 1929, and even Ben Bernanke admits that the response by the Fed to that crisis made the Great Depression even worse than it should have been.
#29 The “easy money” policies of former Fed Chairman Alan Greenspan set the stage for the great financial crisis of 2008.
#30 Without the Federal Reserve, the “subprime mortgage meltdown” would probably never have happened.
#31 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the “dotcom bubble”, the Federal Reserve created the “housing bubble” and now it has created the largest bond bubble in the history of the planet.
#32 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients that was taken directly from page 131 of the report…
Citigroup – $2.513 trillion
Morgan Stanley – $2.041 trillion
Merrill Lynch – $1.949 trillion
Bank of America – $1.344 trillion
Barclays PLC – $868 billion
Bear Sterns – $853 billion
Goldman Sachs – $814 billion
Royal Bank of Scotland – $541 billion
JP Morgan Chase – $391 billion
Deutsche Bank – $354 billion
UBS – $287 billion
Credit Suisse – $262 billion
Lehman Brothers – $183 billion
Bank of Scotland – $181 billion
BNP Paribas – $175 billion
Wells Fargo – $159 billion
Dexia – $159 billion
Wachovia – $142 billion
Dresdner Bank – $135 billion
Societe Generale – $124 billion
“All Other Borrowers” – $2.639 trillion
#33 The Federal Reserve also paid those big banks $659.4 million in “fees” to help “administer” those secret loans.
#34 During the last financial crisis, big European banks were allowed to borrow an “unlimited” amount of money from the Federal Reserve at ultra-low interest rates.
#35 The “easy money” policies of Federal Reserve Chairman Ben Bernanke have created the largest financial bubble this nation has ever seen, and this has set the stage for the great financial crisis that we are rapidly approaching.
#36 Since late 2008, the size of the Federal Reserve balance sheet has grown from less than a trillion dollars to more than 4 trillion dollars. This is complete and utter insanity.
#37 During the quantitative easing era, the value of the financial securities that the Fed has accumulated is greater than the total amount of publicly held debt that the U.S. government accumulated from the presidency of George Washington through the end of the presidency of Bill Clinton.
#38 Overall, the Federal Reserve now holds more than 32 percent of all 10 year equivalents.
#39 Quantitative easing creates financial bubbles, and when quantitative easing ends those bubbles tend to deflate rapidly.
#40 Most of the new money created by quantitative easing has ended up in the hands of the very wealthy.
#41 According to a prominent Federal Reserve insider, quantitative easing has been one giant “subsidy” for Wall Street banks.
#42 As one CNBC article stated, we are seeing absolutely rampant inflation in “stocks and bonds and art and Ferraris“.
#43 Donald Trump once made the following statement about quantitative easing: “People like me will benefit from this.”
#44 Most people have never heard about this, but a very interesting study conducted for the Bank of England shows that quantitative easing actually increases the gap between the wealthy and the poor.
#45 The gap between the top one percent and the rest of the country is now the greatest that it has been since the 1920s.
#46 The mainstream media has sold quantitative easing to the American public as an “economic stimulus program”, but the truth is that the percentage of Americans that have a job has actually gone down since quantitative easing first began.
#47 The Federal Reserve is supposed to be able to guide the nation toward “full employment”, but the reality of the matter is that an all-time record 102 million working age Americans do not have a job right now. That number has risen by about 27 million since the year 2000.
#48 For years, the projections of economic growth by the Federal Reserve have consistently overstated the strength of the U.S. economy. But every single time, the mainstream media continues to report that these numbers are “reliable” even though all they actually represent is wishful thinking.
#49 The Federal Reserve system fuels the growth of government, and the growth of government fuels the growth of the Federal Reserve system. Since 1970, federal spending has grown nearly 12 times as rapidly as median household income has.
#50 The Federal Reserve is supposed to look out for the health of all U.S. banks, but the truth is that they only seem to be concerned about the big ones. In 1985, there were more than 18,000 banks in the United States. Today, there are only 6,891 left.
#51 The six largest banks in the United States (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley) have collectively gotten 37 percent larger over the past five years.
#52 The U.S. banking system has 14.4 trillion dollars in total assets. The six largest banks now account for 67 percent of those assets and all of the other banks account for only 33 percent of those assets.
#53 The five largest banks now account for 42 percent of all loans in the United States.
#54 We were told that the purpose of quantitative easing is to help “stimulate the economy”, but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars in “excess reserves” that they have parked at the Fed.
#55 The Federal Reserve has allowed an absolutely gigantic derivatives bubble to inflate which could destroy our financial system at any moment. Right now, four of the “too big to fail” banks each have total exposure to derivatives that is well in excess of 40 trillion dollars.
#56 The total exposure that Goldman Sachs has to derivatives contracts is more than 381 times greater than their total assets.
#57 Federal Reserve Chairman Ben Bernanke has a track record of failure that would make the Chicago Cubs look good.
#58 The secret November 1910 gathering at Jekyll Island, Georgia during which the plan for the Federal Reserve was hatched was attended by U.S. Senator Nelson W. Aldrich, Assistant Secretary of the Treasury Department A.P. Andrews and a whole host of representatives from the upper crust of the Wall Street banking establishment.
#59 The Federal Reserve was created by the big Wall Street banks and for the benefit of the big Wall Street banks.
#60 In 1913, Congress was promised that if the Federal Reserve Act was passed that it would eliminate the business cycle.
#61 There has never been a true comprehensive audit of the Federal Reserve since it was created back in 1913.
#62 The Federal Reserve system has been described as “the biggest Ponzi scheme in the history of the world“.
#63 The following comes directly from the Fed’s official mission statement: “To provide the nation with a safer, more flexible, and more stable monetary and financial system.” Without a doubt, the Federal Reserve has failed in those tasks dramatically.
#64 The Fed decides what the target rate of inflation should be, what the target rate of unemployment should be and what the size of the money supply is going to be. This is quite similar to the “central planning” that goes on in communist nations, but very few people in our government seem upset by this.
#65 A couple of years ago, Federal Reserve officials walked into one bank in Oklahoma and demanded that they take down all the Bible verses and all the Christmas buttons that the bank had been displaying.
#66 The Federal Reserve has taken some other very frightening steps in recent years. For example, back in 2011 the Federal Reserve announced plans to identify “key bloggers” and to monitor “billions of conversations” about the Fed on Facebook, Twitter, forums and blogs. Someone at the Fed will almost certainly end up reading this article.
#67 Thanks to this endless debt spiral that we are trapped in, a massive amount of money is transferred out of our pockets and into the pockets of the ultra-wealthy each year. Incredibly, the U.S. government spent more than 415 billion dollars just on interest on the national debt in 2013.
#68 In January 2000, the average rate of interest on the government’s marketable debt was 6.620 percent. If we got back to that level today, we would be paying more than a trillion dollars a year just in interest on the national debt and it would collapse our entire financial system.
#69 The American people are being killed by compound interest but most of them don’t even understand what it is. Albert Einstein once made the following statement about compound interest…
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”
#70 Most Americans have absolutely no idea where money comes from. The truth is that the Federal Reserve just creates it out of thin air. The following is how I have previously described how money is normally created by the Fed in our system…
When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars.
Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve.
The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds.
#71 What does the Federal Reserve do with those U.S. Treasury bonds? They end up getting auctioned off to the highest bidder. But this entire process actually creates more debt than it does money…
The U.S. Treasury bonds that the Federal Reserve receives in exchange for the money it has created out of nothing are auctioned off through the Federal Reserve system.
But wait.
There is a problem.
Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created.
So where will the U.S. government get the money to pay that debt?
Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt.
But that never actually happens, does it?
And the creators of the Federal Reserve understood this as well. They understood that the U.S. government would not have enough money to both run the government and service the national debt. They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game.
#72 Of course the U.S. government could actually create money and spend it directly into the economy without the Federal Reserve being involved at all. But then we wouldn’t be 17 trillion dollars in debt and that wouldn’t serve the interests of the bankers at all.
#73 The following is what Thomas Edison once had to say about our absolutely insane debt-based financial system…
That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt.
Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. That is the terrible thing about interest.
In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost.
But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good.
#74 The United States now has the largest national debt in the history of the world, and we are stealing roughly 100 million dollars from our children and our grandchildren every single hour of every single day in a desperate attempt to keep the debt spiral going.
#75 Thomas Jefferson once stated that if he could add just one more amendment to the U.S. Constitution it would be a ban on all government borrowing…
I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.
#76 At this moment, the U.S. national debt is sitting at $18,141,409,083,212.36. If we had followed the advice of Thomas Jefferson, it would be sitting at zero.
#77 When the Federal Reserve was first established, the U.S. national debt was sitting at about 2.9 billion dollars. On average, we have been adding more than that to the national debt every single day since Obama has been in the White House.
#78 We are on pace to accumulate more new debt under the 8 years of the Obama administration than we did under all of the other presidents in all of U.S. history combined.
#79 If all of the new debt that has been accumulated since John Boehner became Speaker of the House had been given directly to the American people instead, every household in America would have been able to buy a new truck.
#80 Between 2008 and 2012, U.S. government debt grew by 60.7 percent, but U.S. GDP only grew by a total of about 8.5 percent during that entire time period.
#81 Since 2007, the U.S. debt to GDP ratio has increased from 66.6 percent to 101.6 percent.
#82 According to the U.S. Treasury, foreigners hold approximately 5.6 trillion dollars of our debt.
#83 The amount of U.S. government debt held by foreigners is about 5 times larger than it was just a decade ago.
#84 As I have written about previously, if the U.S. national debt was reduced to a stack of one dollar bills it would circle the earth at the equator 45 times.
#85 If Bill Gates gave every single penny of his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days.
#86 Sometimes we forget just how much money a trillion dollars is. If you were alive when Jesus Christ was born and you spent one million dollars every single day since that point, you still would not have spent one trillion dollars by now.
#87 If right this moment you went out and started spending one dollar every single second, it would take you more than 31,000 years to spend one trillion dollars.
#88 In addition to all of our debt, the U.S. government has also accumulated more than 200 trillion dollars in unfunded liabilities. So where in the world will all of that money come from?
#89 The greatest damage that quantitative easing has been causing to our economy is the fact that it is destroying worldwide faith in the U.S. dollar and in U.S. debt. If the rest of the world stops using our dollars and stops buying our debt, we are going to be in a massive amount of trouble.
#90 Over the past several years, the Federal Reserve has been monetizing a staggering amount of U.S. government debt even though Ben Bernanke once promised that he would never do this.
#91 China recently announced that they are going to quit stockpiling more U.S. dollars. If the Federal Reserve was not recklessly printing money, this would probably not have happened.
#92 Most Americans have no idea that one of our most famous presidents was absolutely obsessed with getting rid of central banking in the United States. The following is a February 1834 quote by President Andrew Jackson about the evils of central banking…
I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank. You tell me that if I take the deposits from the Bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, (bringing his fist down on the table) I will rout you out.
#93 There are plenty of possible alternative financial systems, but at this point all 187 nations that belong to the IMF have a central bank. Are we supposed to believe that this is just some sort of a bizarre coincidence?
#94 The capstone of the global central banking system is an organization known as the Bank for International Settlements. The following is how I described this organization in a previous article…
An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe. It is called the Bank for International Settlements, and it is the central bank of central banks. It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City. It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws. Even Wikipedia admits that “it is not accountable to any single national government.” The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system. Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does. Every two months, the central bankers of the world gather in Basel for another “Global Economy Meeting”. During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on. The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system.
#95 The borrower is the servant of the lender, and the Federal Reserve has turned all of us into debt slaves.
#96 Debt is a form of social control, and the global elite use all of this debt to dominate all the rest of us. 40 years ago, the total amount of debt in our system (all government debt, all business debt, all consumer debt, etc.) was sitting at about 2 trillion dollars. Today, the grand total exceeds 56 trillion dollars.
#97 Unless something dramatic is done, our children and our grandchildren will be debt slaves for their entire lives as they service our debts and pay for our mistakes.
#98 Now that you know this information, you are responsible for doing something about it.
#99 Congress has the power to shut down the Federal Reserve any time that it would like. But right now most of our politicians fully endorse the current system, and nothing is ever going to happen until the American people start demanding change.
#100 The design of the Federal Reserve system was flawed from the very beginning. If something is not done very rapidly, it is inevitable that our entire financial system is going to suffer an absolutely nightmarish collapse.
- 43028 reads
- Printer-friendly version
- Send to friend
- advertisements -


#101 They sign her paycheck.
I don't get why people think this would eve do anything. Who the fuck is going to be auditing them? The government? Hahaha. The captured regulating agencies? Wall Street? How exactly would we even know we were getting a real, honest look at anything? Answer- we wouldn't. And if what do most people want, more govt control over it? An even bigger gang of thieves and criminals will control it, hardly an improvement. Fuck auditing it, just end the fed.
Quis custodiet ipsos custodes?
“Yellen argued the audit measure would allow politicians to second-guess the Fed’s decisions, which, in turn, would weaken the central bank. And the ultimate victim of that process, she said, would be the U.S. economy.”
That's rich, fucking joo-bitch piece of filth.
I just came back from Dollar General where I stood in a line 5 people, while the manager and sole employee (all they can afford apparently), was taking phone calls, one of which was a question regarding a rash. Uh-huh. That's the GREAT 'Merican economy the bankers have created for us. How dare we question it.
102. They are the mob.
She will lose the "emails" right before the audit of the data.
IT'S ANTISEMETIC TO AUDIT THE FED DAMN IT!!!
What she means is independent of the American people, not independent of the banks.
LOL SHE FREAKY!
DAMN GIRL
[SLAP DAT ASS]
Independence from an audit?
Should citizens also have such independence?
Maybe we oughta ask the IRS about that.
Independence from an audit?
Wesley Snipes agrees! lol
If you or someone you know would like an introduction but The Creature From Jekyll Island is a bit much try this: http://debtcrash.blogspot.com/2015/02/history-and-introduction.html
The audit would reveal that Yellen spent $100,000 on lesbian hookers
...or heaven forbid, the Rothchilds.
Short term, a debt based system will always beat a saving based system.
Long term, probably the other way around, but who knows? We have never had one. The debt based ones always kill the saving based ones.
The Government is complicit by making interest payments tax deductible.
I just love hearing these candy-ass financial types whine about their loss of privacy!
Maybe they could explain the value of the 4th amendment at some point... maybe someone'll say: "If ya haven't done anything wrong, whadda ya afraid of??"
The fed could only lose it's independence if snooping into what they've been doing (right OR wrong) is gonna rob them of their freedom to act... anyone actually understand that?
Maybe we could get one of the snooping scum at the NSA to explain it to them... you know, like they've done with the entire population of this country! Yeah, let's see how that works!
Maybe today we get a lesson in what the FOURTH AMENDMENT means.
The lesson: the power to snoop on you is the power to pressure and control you.
#103 The Fed funded the Bolshevik Revolution. The Fed is a cartel of serial killers.
See paragraph #4
http://www.afn.org/~govern/mcfadden_speech_1932.html
@ Gaius Frakkin'...
"That's rich, fucking joo-bitch piece of filth."
Your comment would have been more effective without this distracting narrative.
I am not saying your are not allowed to harbour that opinion, just sayin' it is a distraction to your main point which might have otherwised influenced someone.
Politics 101, eh?
Calculate the odds of 3 joos in a row being in charge, I'm sure it's just a coincidence. So yeah, that's my narrative, take it or leave it.
zen0
Well, since it was such a distraction, thanks for bringing it back up and surrounding it with flashing neon lights. As for me, I had just about forgotten it even existed until you showed up.
"Yellen will become the 5th consecutive Jewish Fed Chair over the past 43 years (discounting the Gentile William Miller who only served 18 months before being suddenly replaced; 1978-79) The statistical probability of this incredible Jewish streak (Burns, Volcker, Greenspan, Bernanke, Yellen) being 'coincidental' represents a virtual mathematical impossibility. If Jews account for just 2% of the general population, then, all things being equal, there would be a 1/50 chance of a single Jew being selected as Fed Chair. The odds of FIVE consecutive Jews would therefore be 1/50 x 1/50 x 1/50 x 1/50 x 1/50 = 1 in 312,500,000!"
Also, I repeat here what Otrader posted below:
"Stanley Fischer, born October 15, 1943, is an economist and the vice chair of the U.S. Federal Reserve System. Born in Northern Rhodesia (now Zambia), he holds dual citizenship in Israel and the United States. He became active in the Habonim Zionist youth movement. In 1960, he visited Israel as part of a winter program for youth leaders, and studied Hebrew at kibbutz Ma'agan Michael. He served as governor of the Bank of Israel from 2005 to 2013. He previously served as chief economist at the World Bank. On January 10, 2014, United States President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors."
The Jesuits have always used Jewish bankers to stand out there and get the blame. You fell for it hook, line, and sinker.
The odds are pretty similar with how the Supreme Court stacks up with three out of nine being Jewish women, and two of them lesbians!
Maybe the Goyim are starting to wake up. Way too late, of course, but it's so obvious a fat, diabetic, unemployed monkey can understand.
"@ Gaius Frakkin'..."
I rather liked it.
The Jewish banking Cabal is literally murdering citizens with financial weapons of poverty and economic attrition.
Calling someone a name for murder is a pretty light sentence...especially for the Jewish banking Cabal.
Indeed. The internet was beginning to do a good job till they shut it down, like soon, in the future.
I suggest one should rely on telepathy from now on.
http://www.congressmerge.com/onlinedb/ contact yur conman
yeah, I read over the names for my state, laughed, and close the browser window. I already know the response I'll receive.
The whole article audited the Fed. All the .gov has to do is aknowledge it.
Oh, by the way, save your breath.
(I saw Marilyn Monroe in the tourist information site in Palm Springs. She asked me if I needed any help, I think. Probably a guy, right?)
When in doubt, try this.
https://www.youtube.com/watch?v=6fzrE8lGJds
"I saw Marilyn Monroe in the tourist information site in Palm Springs"
It could have been Mamie Van Doren.
I hear they serve her new wine over at Jackrabbit Slims....
That's a tasty beverage!
GAO?
The greenskeeper is correct. The FED came into being in 1913 via a secret meeting on Jekyl Island and has operated in secret since with absolute power. If ANYONE believes even for one second
an honest audit of the FED's activities will take place, then I have a piece of farmland to sell you in the middle of the pacific. Yellen isn't scared of an audit, or anything else other than those who
have and will continue to anonymously manipulate the puppet strings, or leash that contol ol yeller. Audit the FED, end the FED... not going to happen... get used to it.
Exactly so and if you want an example, who remembers Enron and Arthur Andersen? How difficult would it be to bribe an auditor when they have unlimited funds to do so. I would think "independent" auditors would be lining up like ducks to do the audit knowing full well, they'll get paid on the side or unlimited future contracts for fudging what needs to be fudged.
Money is property...
that should say enough...
I don't see what the problem is here. Yellen's position is perfectly reasonable. If I were running a counterfeiting operation I wouldn't want anyone looking in on it either...
YES!
Audit?
Legalized counterfeiting is a
supreme achievement of
organized crime!
The MOTHER LOAD, nay, the HOLY GRAIL of Reasons, Bitchez.......
FED is the mother ship, ignore all else. It must go down.
Best shot at auditing there has ever been is now.
Exactly. Take it down and the economic bloodsucking, financal fraud, theft and currency debauchment finally stop.
Don't get me wrong... the current situation is untenable and a crash is coming regardless but we have got to start creating a new financial system that serves the economy rather than an economy that serves the financial system.
Audit the Fed is a smoke-screen, as second-guessing their interest rate policy is for fools. End the Fed is essential. The crash is inevitable, and End the Fed will be an effective catalyst. The Fed must be ended now so that they, and their cheap whores in DC, play no role in the re-building from the ashes.
I know why she is alarmed
If the truth were known, the country we know today as the USA would no longer be, reserve status would be over in weeks.
She is not scared for the FED or herself, she knows the FED is a nuclear bomb best left alone.
The author asserts that "the truth is that if the American people really did know how the Federal Reserve works and what it has been doing behind closed doors, most Americans would want it shut down tomorrow."
Nonsense. Most Americans would prefer to continue getting high thanks to the monetary narcotic provided by the Fed. Ending the Fed would, as you point out, be equivalent to messing with nuclear destruction. Freedom isn't free, and most Americans would be happy to be slaves in order to avoid the pain.
Why are we even discussing this?
Stawks are at an all-time high!
/s
"Why are we even discussing this?"
Are you saying that we should BTFATH?
Genius, sheer, genius, man!
States are stumbling over each other trying to legalize Marijuana.
Of course, marijuana is being "legalized" in the worst possible ways, that compromise with the old Huge Lies as much as possible, rather than the changes in the law being based on more radical Hemp Truth. Of course, marijuana is being legalized because prohibition has become too expensive, while there is tax revenue to be made. But nevertheless, one should not underestimate the psychological reasons why the banksters controlled their political puppets to criminalize cannabis. I like the view that marijuana is Popeye's spinach for the mind. One of the proven effects of marijuana is that it can reduce learned fear (e.g., treatment for post-traumatic stress syndromes.)
There were many, many reasons why the single best plant on the planet for food, fiber, fun and medicine was rebranded as "marijuana that is almost as bad as murder" and thus, hemp industries put out of business. However, one of the reasons is that the established social system depends upon keeping people afraid, while marijuana literally assists people to overcome their bad habits based on having previously learned to be afraid. Bullies hate people to laugh at them!
Radical is correct about fear. But the primary reason the government is so opposed to Popeye's spinach is because it's users begin to see the world and the people in it as
one... race, origin, sex, etc., become less and less an issue to them... Nixon in particular was instrumental in the demonization of it. Think about it... in comparison to other
more damaging drugs (e.g., alcohol) it doesn't even hold a candle to it's still villified by the government beyond measure. If everyone used it and eventually viewed the world
in terms of "we are all one"... hate, predjudice, wars, etc., would be erased and that just doesn't set well with those who profit from the inverse.
It was never and is not ultimately important whether marijuana was legal or illegal. The system continues.
Since cultivation of cannabis has been criminalized for decades, that situation is mostly taken for granted. Taken in isolation, marijuana is a relatively trivial issue, except for how it symbolizes everthing else based upon systems of legalized lies, backed by legalized violence, heading towards psychotic breakdowns. Marijuana is the single simplest symbol, and most extreme particular example, of the general pattern of social facts.
There is no doubt that:
"The system continues."
However, that system of enforcing frauds automatically becomes more psychotic, because being able to back up lies with violence never makes those lies become true, but only drives the society controlled by those lies to become more and more criminally insane ... The psychotic breakdown of pot prohibition is a tiny component of the overall psychotic breakdown of the social pyramid systems, whose ability to continue to enforce frauds are runaway madnesses, where those who benefit from enforcing those frauds are able to reinvest their profits from frauds in even more fraud, all of which drives that civilization as a whole to get crazier and crazier ...
When you control banking, political activism, media, jurisprudence, & military [which is a beneficiary of the others], you hold a Samson Option in the palm of your hands.
THE FED is just one of these Samson options. Yellen is just playing her role as girl scout troop leader. [and you better buy some Thin Mints & Shortbreads from that cute little pixie in the green plaid skirt with the badge laden sash, OR ELSE]!
she is alarmed as to at what market and political level the request is made
if that would be with market under performing is different scenario and nothing to worry
but when some start questioning the FEDs with market super performing and all is good as the media shows
why now? why? that's the dilemma she has
An audit will solve nothing. I'm certain they keep two sets of books.
Auditing the FED is anti-Semitic. \s
She has nothing to fear. Choombo will veto anything that makes it past golf buddy Boehner. Fooooour......
"Holocaust" is what the parasites scream hysterically when they find themselves without a host, without a free ride, and actually having to work for a change and produce SOMETHING of value instead of destroying other people's lives and stealing everything from them.
Then why is she trying so hard to resist and acting sooooo guilty? Not a smart way to play her cards if she knew there was no chance. She should play it ultra cool, act like it doesn't phase her a bit.
"Methinks though dost protest too much."
Alarmed my fucking ass. Nobody EVER is going to Audit those Motherfuckers. NEVER I SAY! Waste of fucking time reading this redundant bullshit.
Agreed. Janet's freaking out about this as much as I'm freaking out that my kids might demand to see my monthy checking account statement. Not gonna happen.
Then she shouldn't be freaking out, it only adds to the suspicion. If she knew it could never happen, she would be smart to play it cool, as if it doesn't matter anyway cause everything's on the up and up. Instead she's acting like a panicked kid who's about to get caught with all the cookies.
Nope, doesn't add up, she's scared. Must be a reason.
Probably right but 10 million pissed off people could. Problem is when the f**k are they going to wake up? I want the antidote for the red pill so I can take the blue one. In the meantime, I'll have another shot of black label
I would be surprised if this really goes anywhere, especially since they enable much of what Congress does.
The Federal Reserve will eventually implode on its own though.
It's all bullshit and it's bad for ya,
George Carlin
People here forget that when the FED was audited, the 16 trillion came to light, and that was a major blow to the FED. If these republicans are willing to create this bill, they're willing to make it stick. They know they have 75% of americans with them, and making the whole fucking mess blow on the dem's watch is just good politics.
Think about this from the republican's political interests, it starts to make a ton of sense.
The newly-elected 'republicans' have shown they are actually democrats in disguise.
They immediately folded on everything.
That's why I know Jeb and Hillary will actually run on the same ticket/s
NOTHING will happen until there is a nuke war or a giant economic collapse.
If you survive that, there may be a chance....
First thing they did after the Nov election was the FDIC insurance for the their deriv trades. Basically, hand them a blank checkbook for their $300 trillion mess. (R) and (D) are the same when it comes to sucking Wall St/Fed $%#@.
D/R, pedos on a string.
“It is always politically convenient to make something sound mysterious, if not malevolent, by claiming it is opaque,” Fisher said
If the FED isn't opaque, it shouldn't fear an audit. It should welcome one.
#101: she's blowtorching jobs.
https://www.youtube.com/watch?v=SfTfsWhZi5E
No, really--and literally. Cue to 5:45 if you doubt me.
Great Video! I pinned this on my blog. Let's make this thing go viral!
http://www.brotherjohnf.com/archives/375347
If they audit the Fed then everybody will know what M3 is, and Bernanke was quite specific about not letting that happen.
How is an audit a threat to independence unless something is not above board?
The love of money is the root of all evil, and these people's roots are so deep that they have turned into trees sprouting up in China.
Leave the system while you can still do so with a minimum of disruption.
Because eventually you will be kicked out anyhow when it collapses, and then you'll have to start over with nothing in a land of people who are hostile to your pleas of distress.
It is OK to be left with nothing, I've been there more than once and people tend to band together and help each other if they can.
I've seen and experienced this in more than one country. In Mexico for example, as poor as some people are, they will offer you something to eat, even if they have barely enough for themselves.
Doesn't hold true for everyone, but for more than many would think.
Really very nice to hear, & I assumed that would be the case. My guess is in Mexico, because more people know what it is like to be poor, they are more generous, more accepting, less judgemental, and have more compassion for those in need.
Either way, I'd just prefer to not have to test it, if you know what I mean.
PPfftt. Whores auditing their pimps. zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
An excellent way to explain it, VWAndy!
What whores and pimps do is less immoral and destructive than what political puppets controlled by banksters do. The Federal Reserve Board is the American King of Fraud, within the systems supervised by the Bank of International Settlements, as the King of Kings of Frauds.
The application of the methods of organized crime to the political process has resulted in governments ENFORCING FRAUDS of banksters. Whereas people are free not to go to prostitutes, nobody is able to not use the public "money" supply. (Moreover, one could hardly avoid the mass media presstitutes promoting the combined money/murder system currently operated by governments controlled by banksters, through false advertizing.)
There is practically nothing but organized crime surrounded by controlled opposition. At the present time, it seems impossible to imagine how those established systems could be changed in any favourable ways, due to the role of the vicious spirals of money through the political processes, that enable the profits from frauds to be reinvested in more frauds. Hence, at the present time, I cannot image any practical ways to resolve the political problems that the "opposition" is almost totally controlled.
Even those who could agree with the gist of the list in the article above will probably NOT be able to agree upon what might be even the theoretically better resolutions of those real problems. The topic of money is even more taboo in our culture than the topic of sex, even thought most people do not understand that, which is how and why your comparison of governmental audit of the Fed being like whores auditing their pimps is so appropriate, and probably more profound than most people are able to consciously comprehend.
Money is measurement backed by murder. The vast majority of people do not understand that because they have been conditioned to not want to understand that. Fraud is symbolic robbery, and almost everything that could be robbed has already been robbed. Hence, any realistic resolutions of that situation have to address the ways that private property is based on backing up claims with coercions, and that there is no private property outside of some system of public violence. In other words, the production of destruction controls production. Thus, any "solutions" which ignore that are necessarily bullshit, because the established systems are extremely unbalanced, beyond any ability to "reform," but rather deep into the domain where there must be some kind of "revolution," since the foundation of ENFORCED FRAUD is utterly rotten!
The Federal Reserve Board amounted to the international banksters recapturing control over the American government. Since then, there have been wars based on deceits to back up that debt slavery system. The runaway development of a fascist police state is primarily to defend and advance the agenda of the runaway fascist plutocracy juggernaut that the established systems of ENFORCED FRAUDS have become. Since the debt controls depend upon the death controls, and there have already been generated numbers which have become debt insanities, the most probable futures are that is going to provoke death insanities.
Most of the relatively few people who understand what is wrong with the Federal Reserve Board system tend to go through more than 90% good analysis, only to collapse back to bogus "solutions" in the last 10% or less of their presentations. I regard that as another manifestation of the ways that the core of organized crime is surrounded by controlled opposition. Zero Hedge is full of good articles about what is wrong, but there is almost nothing presented that I agree with regarding what genuine solutions would be. The main reason for that is that almost everyone who presents relatively correct analyses the problems tends to collapse back to promoting bogus "solutions," which continue to be based on false fundamental dichotomies, and the related impossible ideals, which would backfire badly, and cause the opposite to continue to happen in the real world.
Any audit of the Fed would result in more people paying attention to that ... IF enough people became aware of the social facts listed in the article above, THEN they would recognize that the government has become the biggest form of organized crime, controlled by the best organized gang of criminals, the banksters. However, that level of analysis would still be too superficial, and so, yet result in silly "solutions," as long as people continued to rely upon perceiving the world through DUALITIES, which continued to result in those bogus "solutions" being based on false fundamental dichotomies, attempting to realize impossible ideals. What we need, at least theoretically speaking, (albeit it may be practically impossible) is for enough people to go through intellectual scientific revolutions necessary to understand human beings and human civilizations using more UNITARY MECHANISMS, rather than the same old-fashioned DUALITIES.
Of course, all of that applies to BOTH sex AND money, which is again why your description of the government auditing the Fed was so apt! From a biological point of view, sex and death come as a package deal. From a sociological point of view, money and murder come as a package deal. Both of those generated some of the biggest cultural taboos. Actually, the taboos against understanding money and discussing that are even greater than the taboos against understanding sex and discussing that.
The Federal Reserve Board was the flowering in America of the social pyramid systems of Neolithic styles of civilization, which have been developing at an exponential rate for thousands of years. Social pyramid systems were based upon backing up lies with violence, in ways whereby the rulers could keep those they they ruled over ignorant and afraid. The vast majority of Americans come from a cultural history where that was applied to sexual reproduction. Even more so, the vast majority of Americans are inside of the cultural history which has created monetary systems of ENFORCED FRAUDS, which social facts are extremely taboo topics, which are not taught by the public schools, and which are also massively lied about by omission in the mass media.
Overall, the international banksters have created systems of globalized electronic monkey money, backed by the threat of force from apes with atomic bombs, which could be described as systems of MAD Money As Debt, backed by MAD Mutual Assured Destruction. The Federal Reserve Board is the single greatest national King of Fraud, which is overall a social MADNESS that is headed towards psychotic breakdowns. Since no matter how successfully frauds can be enforced, those frauds never stop being false, and so, society as a whole becomes more insane, the more it becomes based upon those successfully ENFORCED FRAUDS.
IF we survive through that, it will be because we managed to develop some kind of Translithic Civilization, which could understand that the apparent social pyramids were actually toroidal vortices. There would have to be way better integrations of the evolutionary ecologies of the human, industrial and natural world. However, none of that is possible without addressing the issue that the death controls are central to all of the other controls, that follow from the existence life, which comes as a package deal with chronic political problems.
What is actually necessary to resolve the real problems is to develop different systems of death controls, to back up different systems of debt controls. However, it is not clear whether we will survive through the processes of the current runaway debt insanities provoking death insanities. Generally speaking, it is practically impossible to have any rational public debates about the monetary and taxation systems. The taboos surrounding the topic of money are way too much Huge Lies backed by Lots of Violence, for so long, that the vast majority of people have not only been conditioned to believe in bullshit, but also therefore feel that they want to continue to believe in that bullshit.
It is relatively easy to learn about the social facts listed in the article above, IF one wants to. However, developing any realistic list of resolutions to those problems is practically impossible, because there is almost nothing but controlled opposition to the triumphant organized crime manifested by the existence of the Fed, as a component of a globalized systems of electronic frauds backed by the force of atomic bombs. There is a growing Grand Canyon Chasm between progress in physical sciences versus practically no progress in political science. While some scientific progress has been made in the area of sex, practically no scientific progress has been made in the area of money. It continues to be the case now that the kinds of lies backed by violence, which made and maintained attitudes of evil deliberate ignorance towards sex, are much more still dominant in the cultural domain of the monetary and taxation issues.
I like to promote notions which could be called social psychiatry for our collective social MADNESS. However, those notions are actually not much more than political science fiction and fantasy, given the degree to which the established monetary system has become like a totally metastasized cancer, or a parasite which is killing its host. America appears to rushing toward bouncing off the walls of the limits to which debt slavery can generate numbers which become debt insanities, and then go over cliffs of death insanities whose bottom cannot now be seen.
IF there was going to be an better resolutions of the real problems, then enough people would have to face the facts that money is necessarily measurement backed by murder. However, at present, that is obviously even more of a taboo topic than that sex and death come as a package deal with life. Therefore, in that context, while comparing the government auditing the Fed to be a lot like whores auditing their pimps, the social situations surrounding the monetary and taxation systems are actually many orders of magnitude more MAD than those surrounding prostitution issues.
Thanks RM.
Not many will thank a guy for taking their dogma out back and shooting it dead. In case you hadnt noticed.
LOL, the emperor has no clothes.
Ever wonder why they took M3 away?
The Federal Reserve is so full of crap.
If their real books were uncovered the world would dump the US dollar in a hurry.
Surprising that other countries aren't demanding an audit, especially since the US is for now the world's reserve currency?
.
Ding ding ding ding. We have a winner! KUDO's to yogibear for stating the blatant, still smoking gun--the missing M3 money supply numbers.
It would make my day if Andrew Jackson's skeleton showed up at the FED and whipped out an Armalite AR10 carbine gas-powered semi-automatic weapon on these traitors.
Old Hickory would have used boots and fists.
Look, even uber-Democrat Harry Reid cosponsored an Audit the Fed bill for YEARS in the Senate during the 80's and 90's. He called the CIA "more transparent" than the Federal Reserve. One of his best speeches on this topic (1995) is available via C-SPAN on Youtube.
"For years, I have sponsored legislation that would call for an audit of the Federal Reserve System. I offer that amendment every year. Every year, the legislation gets nowhere. " -- H. Reid, Senate floor speech, 1995
Harry Reid: "I think we should audit the Federal Reserve"
http://youtu.be/oXOsZ7Ad7dM
Ship those degernate bankers to Somalia. Go on. Get em out of here.
It's really very simple. Nothing the Fed does should be beyond question, nothing. If they are afraid something will be misunderstood, then explain it.
If it's too complicated to explain, how do we know you even know what you're DOING in the first place?
Seriously, somebody needs to come right out and tell Mr. Yellen she ain't fucking GOD. She has no claim to Divine Knowledge. The Fed isn't some kind of Priesthood with the sole right to enter the Tabernacle and handle the sacred implements.
The Fed isn't some kind of Priesthood with the sole right to enter the Tabernacle and handle the sacred implements.
That's EXACTLY what they are unfortunately...
And the ultimate victim of that process, she said, would be the U.S. economy...
She is threatening to crash the stock market. The fed gangsters always threaten the stock market. There is no market, there is only old yeller.
We here all know it's not going to happen.
AIPAC would never permit it.
Stanley "Stan" Fischer (Hebrew: ????? ????; born October 15, 1943) is an economist and the vice chair of the U.S. Federal Reserve System. Born in Northern Rhodesia (now Zambia), he holds dual citizenship in Israel and the United States. He became active in the Habonim Zionist youth movement. In 1960, he visited Israel as part of a winter program for youth leaders, and studied Hebrew at kibbutz Ma'agan Michael. He served as governor of the Bank of Israel from 2005 to 2013. He previously served as chief economist at the World Bank.[2] On January 10, 2014, United States President Barack Obama nominated Fischer to be Vice-Chairman of the US Federal Reserve Board of Governors. He is currently aiding the funneling of trillions of dollars from the helpless goy to the zioturds in the US and abroad.
Unless an audit is a strategic manuever to trigger a bank rush or a sell of stocks. Little old lady is part of the scheme. Who could be mean to a little old lady? Even one who rides in a limosine? Grandma factor comes into play. We'll see.
Good article by Ellen Brown.
Who Owns The Federal Reserve? The Fed is privately owned. Its shareholders are private bankshttp://www.globalresearch.ca/who-owns-the-federal-reserve
As the historian Carroll Quigley
wrote in his Tragedy and Hope:
"powers of financial capitalism
had another far-reaching goal,
nothing less than to create a
world system of financial
control in private hands
able to dominate the
political system of
each country and
the economy of
the world as
a whole ..."
Greenspan tightened in 1993-94.
Blew up the world 2006-2008.
Is Wall Street poor now?
Not really...
There was an article here recently about her many visits to the White House. Independent my ass.
Pull it!
As TPTB are always telling us: "If you have nothing to hide you shouldn't be worried".
http://www.bigeye.com/griffin.htm
'The Creature from Jekyll Island'
'The German`Gutenberg, Chinese, and Korean's alchemist turned lead into gold by only using the squid's[?]ink, but thy Americas`jewish cabal have turned thin-air into indivisable wealth... an anomaly not seen since the leaded`RED'shield postulated its 'Houdini`IRON`Curtain of Trustbuster's on the proletariets naivety'
Ps. Ya know what's funny about 'murder'? The Murder'r always returns to the scene of the crime?!? Perhaps he/she wants to be or not too be... begotten?
Lying thieves and thieving liars - if the truth were known AND UNDERSTOOD, none would be alive a week from now. The sheer anger of the people who have been defrauded by legalistic institutions for all these years would end their evil, immediately and permanently - until the next generation or two, when some slimy con-artist would say "The reason we are all so poor and hungry is because we destroyed the central bank " - and the stupid would believe them, long enough to do it AGAIN.
So, what are we to do, but keep letting thy's destroy our country, knowing the current evil is best the future? This America... still, while if nothings changed, will [we`all] degenerate into a 'Western Spring'?
Ps. Rand Paul has no-chance in hell, as the Congress is bought and paid for, but he looks good on paper. Unfortunatly he doesn't have his fathers pragmatic and polemic genes-- nor, genuine morality to the 'whole constitution', but only that of a carpetbagger like Warren with her fake indian-blood as a minority to lie into Harvard. The big Fish-Lie?
Note: After Elizabeth Warren back's-up Yellin and the FRB with 'NO-Audit-- I've lost all credibility towards her[!] Period!!!
Think Rand's filibuster that sound-bite`d him into a dizzy?
Shame!!!
jmo
If they can get to Senator Elizabeth Warren they can get to anyone they wiish. All NSA soaks up goes direct to Israel, and I'm sure the FED can get whatever info they need to keep almost anyone they wish in line. Ron Paul was the only one that ever got them just a little nervous as they obviously coundn't find anything damaging in his file.
"Does any other government agency ever dare to make that claim?" Kinda....except they aren't agencies nor held accountable or accessible. These are the black and beyond black projects called Unacknowleged Special Access Projects (USAP). The ones which continue to run even after offically discontinued. They get approx $100-$200B per year. Rumsfeld disclosed on Sept. 10th, 2001 the DOD had $2.3T unaccounted. What a convenient time to disclose that as no one remembers it.
The rogue Military Industrial Financial Network of Global Corporate Control was desperate to distract world attention away from the Disclosure Project announcement in May 2001.
Is it just a coincidence that the events at World Trade Center on September 11, 2001 occurred just 4 months after the Disclosure Project announcement?
How long does it take to covertly prepare a controlled demolition in a secure building?
Disclosure Briefings Illegal NSO
https://www.youtube.com/watch?v=lEXT_s-dLL8
Solutions:
https://www.youtube.com/watch?v=VeXVsybEQPQ&feature=youtu.be
What's really going on (Part 1/4)
https://www.youtube.com/watch?v=bkQQM61XaAY
http://disclosureproject.org/
Read the bill and how it would modify the US Code:
Audit-The-Fed.blogspot.com
what nonsense the fed is no more independent than the guy at walmart using his EBT card.and exactly who are you are serving if you are independent? dont jive me yellen. you are serving someone and lets guess, that would be obama, he appointed you? you serve at his pleasure? the fed is in place to promote the encumbency through falsely manufactured economic growth numbers, instead of doing the right thing according to the free market you do the most expedient thing according to the political overlords. youre just an intern serving the white house, the real secret is you dont know what you are doing, do you? the bankers can do all sorts of things you dont understand. they didnt teach that in graduate school did they? but you still have the power to crash the market, fat lot of good that does you? yoru days are numbered, find a nice teaching position at vasser or something. we know you, we know obama, there is nothing there to supercede any sort of higher intelligence.
#7 is it.
Since 2008 they have handed out four trillion dollars, which has very nearly all gone into the pockets of a few thousand banksters, generally the same ones who by all rights should have been stripped of assets and locked away forever, or worse. And for the most part that money was stripped instead from the 99.99% to hand to the 0.01%.
This would be nearly impossible to hide through a public audit.
"Central bank independence" = central bank UNaccountability!
This is what it really means!
And that's precisely why the Fed MUST be audited!
Ms. Yellen:
Why can't we just start here:
Auditing 101
1.) What is the Fed's charter, i.e. what is the FED supposed to be doing?
2.) Is the Fed actually doing what it is supposed to be doing?
3.) Is the Fed doing what it is supposed to be doing honestly and competently?
4.) Is the Fed doing the right thing? Is the Fed doing what is NEEDED to be done? Is the Fed doing anything it shouldn't do or doesn't need to do?
Since the Fed has not been asked these questions in over a 100 years, don't you think it's about time someone checked up on them?
ANY organisation should be subject to audit. It's plain business sense.
Even though every other government function is debated politically...
oh for heaven's sake Michael have you leaned nothing?
He learned how to make a long list.
Yes, basically all of them. See: NSA, DHS, TSA, IRS, FBI, CIA, EPA, FDA and so on. At least with the FED they pretend to tell us everything they do in the financial sector.
(ring)
"Ben?"
"uhh, Janet?"
"Yeah."
"It's two a.m."
"I'm worried!"
"Hahahaha, have no fear, the serfs do that every so often. We are more powerful than any government!!"
"I...I feel better, Ben."
"Goodnight Janet."
"Goodnight Ben."
“Academic studies, I think, establish beyond the shadow of a doubt that independent central banks perform better.”
Better than what? The Soviet Union?
Yellen should not forget, that the Federal Reserve is just based on law which the Congress can repeal anytime.
Intellectual mercenaries agreed with who paid them.
Debt is parabolic. If not this year or the next, then it fails the next year.
The statement that all of the debt in Obama's term is more than all other terms before indicates that.
No, it will not change if a Republican president is in there.
It will not change if an Independant president is in there.
It is systemic. and it is parabolic and accelerating.
Someone should have asked Janet if she is a fat cat!
There is a far simpler way of stopping the crimes of the Federal Reserve. Simply abolish the banks that comprise the Fed.
The Fed is yet another figurehead behind which the banks hide. Therefore, wasting one's time on a figurehead won't lead to justice. After all, politicians are figureheads. It doesn't matter which one of them you vote for. You'll invariably get the same shitty results every time.
It's time to realize that banks are criminal organizations. We cannot continue to delude ourselves into believing that they serve any useful purpose.
Disorganized crime is not necessarily better than organized crime.
"It's time to realize that banks are criminal organizations. We cannot continue to delude ourselves into believing that they serve any useful purpose. "
Any bank works under the rules of government. And the biggest criminal organizations are states. The states do the robbing. It establishes the laws which are controlled by other state paid organizations. The state does promise to defend you freedom but in fact the organistaions of states to just supervise you.
Now go tell me how legal the NSA stuff is now figure out for what a Dollar reeally should mean. How can anyoen be so blind to reality. A state is not the cure - it's the disease. And it's the most deadly disease ever invented and established.
The Fed is a racket.
I think the fed will need to place another order of hollow points before this is over with. Or maybe they need nail guns?
Wait a minute, who though the FED was a US institution?
It is actually a back stop for the global financial system and as such, run by the BIS in Switzerland.
Keep your noses out US citizens, it is nothing to do with you.
I wish there was a transparent system which didn't require a 3rd party to function but made transactions possible between willing parties directly..
You know, real money which cannot be counterfeited, seized without consent and dilluted on the whim of psychopaths..
Real money which is based on math and couldn't be created from thin air.
What money should be does not correspond to what money is.
Money is measurement backed by murder. Day dreaming about "real money" that is not backed by murder is to indulge in an impossible ideal, which will actually make the opposite happen.
That one. Ya you can post that one as many times as you want. Im gonna use that one.
"Auditting the Fed"?
Working-class anti-$emitism at its worst.
Why audit the FED?
Just create a new government backed currency and let them banksters keep their shitty dollar.
Prefereably this time without a fractional reserve banking system.
/Over
(waiting for the nailgun)
That has not worked and never will work. The government backs up the central bank and so they do back up the currency. And that's the fault. Give government control over money an you'll get what we do get currently. Money printing - the big way. The independence of central banks is a chimera.
The first thing anyone should know about the Fed Reserve is that it is NOT federal and it has NO reserves.
Then look at how they load the boards, and how the New York Fed is the working arm.....then tell me that it isnt a
tool of the Goldman Sachs' of the world...
Heard anything about deficit spending lately?
No. As long as the monster is fed, as long as low rates allow government expansion, as long as the wealthy become more so and the politicians get their pockets lined, there will be no change in anything.
If rates were real, realities would come into play. The government would have to pay for the money they borrow. Shocking.
But what we saw with crude oil...the 50% drop in months demonstrates what happens when fake levels can no longer be maintained...
Currently fed says 4.2T balance sheet - audit this fed and watch this number turn into 10T.
More shit earnings even after adjusted and indexes futures are green - this is what the fed does.
"The design of the Federal Reserve system was flawed from the very beginning"
It wasn't flawed at all, for those who designed it. I see nwo, and think it's really not that new
Exactly!
If the taxpayers have skin in the game then the taxpayers have a right to audit.
a century ago, the federal reserve was organized to facilitate the looting of the treasury of the US government. it wasn't set up to 'stabilize' or 'regulate' - it was set up to STEAL. whats worse is that politicians gave permission for the banks to do this.
and they still do. in a hundred years, they've effectively stolen 90% of the value of the US dollar.
What gov't agency could claim to be "too important?" Hell, they ALL think that way serfs! The gov't is truly out of control.
"Yellen argued the audit measure would allow politicians to second-guess the Fed’s decisions, which, in turn, would weaken the central bank" I do agree with her there, politicians will muck it up... so lets just get rid of it all together and be done with it
I live a comfortable life. What seems to be the problem?
"The Federal Reserve was designed to be a perpetual debt machine. The bankers that designed it intended to trap the U.S. government in a perpetual debt spiral from which it could never possibly escape. "
and they've been so effective with this that the Govt. is broke .... what now ?
Fed Mafia
no difference