Posted on 11/16/2013 8:37:31 AM PST by george76
Vice Chairman Yellen’s testimony before the Senate this morning moves us to oppose her confirmation to succeed Chairman Bernanke at the Federal Reserve. We don’t mind saying it’s an odd position for us, since we have great regard for her capacity as a forecaster, her character, and her comportment. She displays none of condescension that Mr. Bernanke so often allowed to show (we once expressed surprise that he wasn’t held in contempt). What transports us into the opposition is Mrs. Yellen’s truculence on the issue of auditing the Fed.
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Senator Vitter .. speaks for a faction in the upper house that understands the need to open up the Fed to an audit. This isn’t only about, say, what gold it holds in its vaults. It also involves how it works, what its un-redacted minutes say, and what it has been doing overseas
(Excerpt) Read more at nysun.com ...
“we have great regard for her capacity as a forecaster”
Really??? Ms.Yellen openly admits that she just didn’t see that trainwreck coming in the last meltdown and how surprised she was...my my my....
Yup, she is a perfect replacement for that “Depression” scholar Bernanke. They want to get the collapse of America right this time.
Here, here! Mr. Yellin is just another handmaiden for the banksters.
Mr. Yellin ?
Remember how the RATs held up any vote on Bush's judicial appointments?
This is also a golden opportunity for the stupid party to explain to the American people that the Fed does not look out for America's best financial interests. They look out for the Fed's best financial interests. They are the control tower for the big banks which the progressives love for us to hate.
That broad bank brush I think should be focused on the central bankers world wide and the fed system specifically. Your local banks don’t have it all that easy with the “new” banking rules. It’s bad enough that they are trying to drag credit Unions into their world instead of demanding rules changes.
Wonder why the Fed is afraid of an audit ?
Germany asked for some of their gold back and are being stonewalled.
What gold the Fed actually holds in its vaults would be one reason.
Would 0bama appoint anybody but a marxist money-seizing redistributionist? No. Then oppose her.
If the stated reason for the Fed to exist is to stabilize the value of our money, the exact opposite has resulted in the nearly 100 years since the Fed’s creation. If We the People say ENOUGH, who in our Govt. would listen? The Fed & our Entire Govt. answer to a Globalist banker/corporatist cabal. They are moving against the People quickly hoping they can put the last nails in Sovereign Nations’ coffins.
Resistance is NOT FUTILE, but this fight is NEVER completely won and over. The fight for Freedom is ongoing because of the nature of the Satan Collaborators, this time “led” by the immature Narcissist marxist Soetoro. They will have no problem resorting to Violence because they truly do hate anyone who gets in their way. The 100s of millions killed by the Communists in our lifetime shows us what they are capable of, & make no mistake they will have no problem trying to wipe out the new crop of Dissenters.
I can assure that if and when the FED is ever audited, the entire monetary system will immediately implode. Be careful what you wish for.....
The Fed has done a superb job maintaining a stable value of the US dollar. Its record is truly extraordinary.
If any other central bank in history were to expand credit and monetize national debt to the extent that the Fed has, its currency would have become utterly worthless in a hyperinflationary collapse. Instead, the Fed cooperated with the Treasury to create a clever global monetary regime that put foreign central banks on a dollar standard. Consequently, foreigners are essentially compelled to support the value of the intrinsically worthless dollar. This brilliant strategy has prevented a hyperinflationary collapse and put the dollar on a slow, relatively steady glide path to worthlessness. Though it has undergone several disruptive revisions, the monetary regime based on the US dollar has lasted for over 70 years. That the rest of the world would tolerate this is a tribute to the genius of those who run the Fed and the US Treasury. Even a genius like Bernie Madoff couldn’t come up with a scam this successful.
Peter Schiff pretty much debunks the “forecaster” praise for Yellen here: http://www.youtube.com/watch?v=rfLlF1vtit8.
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