Posts filed under 'The Fed (Enemy #1)'
Geithner Grilled
Congress grills Timothy Geithner, including of all people Charles Schumer who is just as responsible for this economic disaster.
Add comment November 24, 2009
‘End the Fed’ rally: Where did our money go?
American legislators want to discover more about the role of the US Federal Reserve in the global financial crisis. A Congressional committee has already voted for an audit of the country’s Central Bank. For almost a hundred years the Fed has regulated interest rates and the amount of money floating around the US economy. Now Americans want to know where that money actually goes.
Add comment November 23, 2009
Peter Schiff – Gold to Hit $5,000 Per Ounce & Talks Jive on Ben – 10.07.09
Add comment October 8, 2009
Ron Paul, CNN “American Morning,” 9/14/09
Congressman Ron Paul discusses his new book “End The Fed,” as well as other economic issues and Federal Reserve-related topics on CNN’s “American Morning.”
Add comment September 14, 2009
Why would you rehire him Obama?
Why would you rehire him Obama? Look, I know you’re a smart guy, but this is stupid. Because you’re a banker bitch.
Add comment September 1, 2009
Tom Woods on Glenn Beck – Tuesday July 7th, 2009 (Judge Napolitano as guest host)
On Tuesday, July 7th, 2009, guest Tom Woods, author of the New York Times bestseller “Meltdown,” had an insightful and lively discussion about General Motors on the Glenn Beck Show with attorney Steve Jakubowski and guest host Judge Andrew Napolitano.
Add comment August 27, 2009
Senator Jim Demint on Glenn Beck Discussing HR1207 and S604 to Audit the Federal Reserve
Add comment August 5, 2009
Adam Kokesh on Russia Today – The Federal Reserve and HR1207 to Audit the Fed 08-03-09
Add comment August 4, 2009
Alan Grayson grills Ben Bernanke on Foreign Lending
Alan Grayson, a Florida Democrat who has been very critical in the past of Fed actions takes it to Bernanke today regarding foreign central bank lending. If the 90 or so Democratic cosponsors of Ron Paul’s HR1207 bill doesn’t convince you that Fed transparency is bipartisan then Grayson’s grilling of Bernanke should.
What I find especially horrid about this is that the U.S. is bankrupt and the Fed is not only printing money and handing it out to U.S. financial institutions, but is handing it out to foreign central banks so they can hand it out to their own financial institutions. Meanwhile the value of the dollar takes more of a hit exacerbating the “hidden” inflation tax on every person in the world who holds dollars.
Editor’s note: Barney Frank, chairman of the House Financial Services Committee, has no idea when the Federal Reserve was established.
Add comment July 22, 2009
TIM GEITHNER REFUSES TO ANSWER BRAD SHERMAN’S QUESTION!!! SUPPORT H.R. 1207 AUDIT THE FED
Add comment July 15, 2009
Facts on the Fed in 7 Minutes
The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.
Add comment July 15, 2009
Congressman Kucinich Questions Ben Bernanke
Bernanke said no member of the Fed ever urged Bank of America to keep quiet about Merrill Lynch’s financial problems. Not divulging that information would have violated Lewis’ fiduciary duty to the bank’s shareholders.
“Neither I nor any member of the Federal Reserve ever directed, instructed or advised Bank of America to withhold from public disclosure any information relating to Merrill Lynch, including its losses, compensation packages or bonuses or any other related matter,” the Fed chief said.
BULLSHIT
Add comment June 28, 2009
Bernanke Warns that Meddling with Fed’s Monetary Policy can cause harm to the Economy
Bernanke warns that meddling with Fed’s Monetary Policy (through Ron Paul’s HR 1207) can cause harm to the Economy. The writing is on the wall, it’s amazing how much has unfolded in the last 10 months.
Bernanke sounds nervous.
Add comment June 26, 2009
Rachel Maddow w/Matt Taibbi on Why Financial Institutions Should Be Broken Up
Add comment June 25, 2009
The Corporate Takeover of America – Matt Taibbi
The stimulus packages and bailouts that the government has been a little too willing to hand over to our financial industries have not only given these giants more cash in their pockets, but they’ve also given these companies unprecedented power over our federal government. No other industry has been able to show up in Washington and get a blank check with no oversight, which really shows just who is in charge in our nation’s capitol. Robert F. Kennedy, Jr. of Air America’s Ring of Fire talks about this shift in power with Rolling Stone political correspondent Matt Taibbi.
Add comment June 25, 2009
Tarpley: Obama is a Wall Street puppet.
Webster Tarpley, journalist, radio host and critic of the Obama administration, reveals to RT who he thinks really rules the United States.
Add comment June 23, 2009
Timmy, you’re just not a good liar.
U.S. Treasury Secretary Timothy Geithner said on Thursday that the Federal Reserve is best suited to become a super regulator to oversee large institutions whose failure could threaten the stability of the entire system.
“The Federal Reserve is best positioned to play that role,” said Geithner in testimony before the Senate Banking Committee. “It already supervises and regulates bank holding companies, including all major U.S. commercial and investment banks.”
“Our plan gives a modest amount of additional authority — and accountability — to the Fed to carry out that mission. But it also takes some authority away,” said the Treasury chief.
According to the rules unveiled by U.S. President Barack Obama Wednesday, large, interconnected firms whose failure would threaten the financial system’s overall stability would face new consolidated supervision by the Federal Reserve.
The reform also will create a council of regulators with broad coordination responsibility across the financial system.
“This Council will fill gaps in the regulatory structure where they exist. It will improve coordination of policy and resolution of disputes,” Geithner explained in the testimony. “And, most importantly, it will have the power to gather information from any firm or market to help identify emerging risks.”
“The Council does not have the responsibility for supervising the largest, most complex and interconnected institutions. The reason is simple: that is a specialized task, which requires tremendous institutional capacity and organizational accountability,” said Geithner.
“Nor would the council be an appropriate first responder in a financial emergency. You don’t convene a committee to put out a fire,” he added.
Add comment June 19, 2009
More Power for the Fed
This might be the main reason I never supported Obama. His loyalty to the banksters. More of the same ol’ folks! The only change you got was speaking ability and skin color.
http://www.npr.org/templates/story/story.php?storyId=105507546&sc=fb&cc=fp
Joined by Treasury Secretary Tim Geithner and other top financial advisers at the White House, Obama proposed giving the Federal Reserve more authority to regulate bank holding companies and other large firms whose failure could endanger the U.S. economy. He also called for creation of a new agency that would oversee credit and lending practices, protecting borrowers from entering into the types of risky loans that resulted in the nationwide housing crisis.
This is common sense, you don’t give the guys that screwed things up MORE power and you can’t SPEND YOUR WAY OUT OF DEBT. Someone get Obama a dunce cap! And, look, I know he’s not stupid, so just write sell out punk bitch on it.
Add comment June 17, 2009
Audit the Fed Update – “It will prove our point!”
Congressman Ron Paul gives the latest exciting news on his legislation to audit the Federal Reserve and explains the possible next steps for the bill.
Add comment June 12, 2009
THIS IS GETTING BIG! Kucinich is coming!
Congressman Dennis Kucinich talk on Fox about the Bank of America Situation
Follow Up To:
How many times must I say it? THE FED IS ENEMY #1 The Fed is why America is doomed. The system can only end in failure, but don’t take my word for it. Research it.
This is pretty shocking.
Investigators say Fed threatened bank CEO Congressional investigators say documents prove the Fed threatened to oust bank CEO
WASHINGTON (AP) — The Federal Reserve threatened to force the ouster of Bank of America CEO Kenneth Lewis if he didn’t follow through with plans to buy Merrill Lynch & Co., Republicans said Wednesday after reviewing internal documents.
Republicans also said there was evidence that the government tried to restrict information related to the merger from being publicly released.
However, none of the documents showed that the government explicitly instructed Bank of America to hide Merrill Lynch’s losses from shareholders, they said.
The House Oversight and Government Reform Committee is investigating claims that top government officials, including then-Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke, urged Lewis to go through with the acquisition and not disclose to shareholders the details of Merrill Lynch’s deteriorating financial state.
FULL STORY HERE: http://lenox8081.wordpress.com/2009/06/11/how-many-times-must-i-say-it/
Add comment June 12, 2009
