Posted on 07/19/2009 10:05:46 AM PDT by vivalaoink
Judge Napolitano talks about how the Federal Reserve is threatening congress with higher interest rates if they should pass a bill requiring them to be audited.
This is out and out extortion.
Guests include Ron Paul, Peter Schiff, etc.
It's a 6 part video series which are each 10 minutes in length.
(Excerpt) Read more at youtube.com ...
Lol, sometimes this government just slays me!
My bet is the fed has all along planned to raise interest rates (Geithner's abroad promising such) and this gives them the excuse to do so.
checkmate
Stunning admission if true. Audit the Fed and have them raise the rates to prove what is being said.
Every member of the Fed involved in these threats against Congress needs to be fired immediately, but then who would replace them — could they be worse? Can we start with the boss of the federal government which this is all emenating from with his two Chicago thugs?
That’s essentially what Andrew Jackson did with the bank of the united states.
well, interest rate should be higher
For later.
Excellent.
That meeting would be audited.
But the reality is that threatening congress is a huge mistake and will surely result in congress doing something to get them under control.
Now, help me out here ... which side in this dispute has it’s own military force? (I know, channeling Josef Stalin here, but what’s good for the gander ... ) :)
The claim is that auditing the Fed would have an impact on its access to capital. Which, if true, sounds like a pretty good reason to move ahead with the audit and figure out what the heck they’re up to.
Bring the Fed out of the shadows!
Of course they don’t want to be audited. Know any crooked dealers anywhere that want to be audited?
POTUS vs. Congress.
Appointed vs. Elected officials.
Executive branch vs. Legislative branch.
Don't tyrants usually neuter or dissolve parliament after they seize power?
You would think so, but but sadly we haven't had a congress with an intestinal fortitude for some while.
Even zero can't push it around without consequences.
This is out and out extortion.
IMO, by the Federal government. - The fed is simply standing up to the threat by a Congress that is totally controlled by liberal loons and wackos like pelosi, reid, and franken.
ROFLMAO!!!
bump
Interest rates are already going up, and they’ll continue to go up.
The whole of Washington is due a checkup from the neck up.
Since it is an independent arm — who is responsible for oversight and why does the President appoint/fire the people?
I think it is time to find out if the Fed said they would raise interest rates if audited. I don’t believe anything coming out of this Administration, but if true, it is wrong.
Not being sarcastic, I just want to know who has authority over the Fed if they are independent. Then I want to know why the head of the Fed got involved in Government matters back in October when Bernacke kept coming out tell out we needed that stimulus.
Before this, I never thought that much about the Fed but they seem to have inserted themselves in the stimulus and kept the interest rates low. I want to know why? I don’t trust Bernacke at all.
We need to pull an Andrew Jackson and maybe Ben and Timmy and their buds will end up like Biddle.Broke!
The one pushing this the most may be a loon but he is far from liberal — Ron Paul. He’s been after the Federal Reserve for years, while this is a passing fad for the liberals controlling Congress.
Time to shake the trees, folks.
Get them ALL out . . .
If you haven’t seen this, watch it when you have time. It’s long, really long, but it will educate a lot of people.
http://video.google.com/videoplay?docid=-515319560256183936&hl=en
We need higher interest rates to save the dollar.
Make them do it.
The Federal Reserve - Its Origins, History & Current Strategy (2004)
Excerpt:
* * * The only statements of ownership made by the Federal Reserve Board is an allusion to the twelve Federal district banks. This circle puts us back at the beginning, for no information is provided regarding the ownership of the twelve Federal district banks. However, a 1976 government study commissioned by the Federal Reserve Directors revealed the following:* * * ** Federal Reserve Directors: A Study of Corporate and Banking Influence ** - - Published 1976 Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn, Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control. * * *
The British Crown, or the British monarchy is the owner of the Federal Reserve. This is their real secret. The strategy of the Federal Reserve is their other secret. Again, it is right of front of us, but no one sees the obvious. The strategy of the Federal Reserve is to accumulate all the wealth through the very slow, but effective, technique of currency debasement. The monarchs of old used to shave or clip the coins as they passed through their treasuries. Now the process is more sanitary (no more clipping and scraping all those dirty coins). John Maynard Keynes clearly stated that at there is no more effective method of destroying a society than through currency debasement. * * *
Democracy feeds on the illusion of something for nothing. As each demagogue promises more than his competition, the tax burden becomes oppressive. The monetary illusion serves to conceal the costs through currency debasement. This assures the complete destruction of the society that embraces this perversion. * * * Envy, hate, and manipulated passions are the hallmark of democracies. While all this destruction is occurring, money diverted by the mechanism of currency debasement is constantly being transferred to the British Crown in the City of London.
We fought the Revolutionary War to throw off oppression of the British Crown. In 1913, England put America back into the yoke of slavery. Not one shot was fired. Congress and Woodrow Wilson sold us out. We are all slaves to a corrupt system organized in secret and controlled from London.
'God save the Queen!' . . . < / sarcasm>
The Fed probably doesn’t want this to get any traction.
Worth the ten minutes to watch
http://blogofbile.com/2009/07/17/glenn-beck-explains-the-federal-reserve-goldman-sachs-connection/
Beleive it or not, the Orwellian-named Federal Reserve is a totally private organization comprised of an incesuous clique of crony banksters. It's not a governmental agency as the name suggests or as many believe. But to answer your question, congress can audit pretty much whomever they please, and the targeted party will have no choice but to comply.
Before this, I never thought that much about the Fed but they seem to have inserted themselves in the stimulus and kept the interest rates low. I want to know why? I don’t trust Bernacke at all.
Why is the big question. The latest fashion is that if it's not clearly and specifically forbidden in writing (via the constitution and all subesequent held law that follows) it is therefore permitted. Even if it is clearly and specifically forbidden in writing, the envelope is pushed and lines are crossed, seemingly with "it's better to ask forgiveness than permission beforehand" philosophy in mind.
That's why we're seeing the fed and treasury giving away our's and our children's money by the trillions, and why we're seeing the executive branch behind takeovers of the automotive and banking industries, with the executive along with the legistlative branch taking over the energy and health care industries.
They'd try to say that these blatant statist power grabs and excesses are not specifically forbidden anywhere, therefore they're legal.
Besides, even if none of it were legal, if the populace won't respond by either direct action, voting or pushing their reps to take action against any of it, who's to stop the illegal behavior?
In other words, stopping the madness, whether it's legal or not, can't happen in a vacuum of complacency, ignorance and apathy.
That's because when they buy a mortgage at below market rates, they print the money to buy it with. Take that power away from them and interest rates rise to market levels.
Thank you so much for your answers and putting all this in context. This is just madness.
Congress should pass the audit approval, tomorrow.
ROFLMAO!!!
Big deal...most of us have lived without credit for almost a year already.
Good point about ron Paul
Now Congress knows how the American people feel in our dealings with Barney Fwank, San Fran Nan, et al! The Fed. just had two words for them too!!
Any publicly-listed company (except those expropriated by the government) is also “independent”. However, they are required to submit audited financial statements.
How on earth will auditing the Fed hurt anybody - except to expose the incestuous dealings among JPM, GS and the Fed.
By the way, the demand to audit the Fed started with Ron Paul, a loon in his own right, but not of the ilk of pelosi, reid, frank and franken.
Very interesting read. Thanks.
“Lol, sometimes this government just slays me!”
Probably by next July........
Putting Congress in charge of monetary policy will raise interest rates. No doubt about it.
How'd that work out for the economy?
You've finally discover the truth. The Queen will not be pleased.
We survived and we didn’t have a bunch of unelected scumbags pulling the strings.
Amazing. So all this time it wasn't the Rothschild's and it wasn't the Trilateral Commission. Free republic --ya can't beat it!
How’d that work out for the economy?
The things ones learns here...
That's just it; Andrew Jackson didn't do anything.
Then again, it's probably the "nothing" that you're thinking about. OK, he campaigned against the bank, but ol' Hickory never 'abolished' it; what really happened was the bank's charter expired and Congress didn't renew it.
fwiw, for 40 of the first 50 years of US history, America had a central bank; and this includes all of the Washington, Adams, and Jefferson administrations.
LOL --THERE THEY ARE FLYING AROUND TOSSING OUT MONEY!!!!
--no way in hell is anyone going to accuse freepers of not thinking out of the box. I'd say some are even thinking out of their confined care facilities.
Prince Charles determining our money supply or Ron Paul, Bawney Fwank, and Chuck Schumer? I'm torn....
Really though, people who can come up with this kind of crazy should really have their own blog.
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