New York Times:
WASHINGTON During the debate over financial regulation, the Federal Reserve chairman, Ben S. Bernanke, has been surprisingly quiet.
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Typical power play. A small group of insiders contribute to the collapse. The regulatory agency, one of many, with vast power seeks to consolidate more power for a few over the many.
For instance, "...a series of new regulations issued by the Fed on mortgages and credit card policies issued under Mr. Bernanke have generally been applauded by consumer groups and some lawmakers..."
After the fact. Create conditions for the collapse. Then after the disaster, ride to the rescue. Proving how much your institution cares (sarcasm here). Then convince the paid politicians to give you even more power.
The Federal Reserve is quite capable of collapsing the economy of The U.S. overnight. Of course, this would create many angry, disenfranchised citizens with guns. Instead, do it slowly. Take awhile. Get the majority used to their serf-status. One morning, you will wake up and be in abject poverty considering your first-world status. The very rich, who come from family dynasties, will be laughing.
And you will have allowed this to be done to yourself.
Americans are too fragmented into special interest groups to effectively come together to achieve consensus. You all want yours to the detriment of the "others". Which begs the question, "Why are a few Americans so eager to cannibalize the majority of Americans to the detriment of all?".
This isnt even a government entity, why do they have any power anyway? Whats next, giving Federal powers to Bill Gates? That is just what we are doing with the Feds. They get federal power, but they are not federal entity, they do not have to legally answer to the federal gov. They are the Banks and large corporations, not the US government. Guess it really shows who is running our country, and its not the US gov or the people.
Now is the time to contact the politicians to prevent this from happening. The Federal Reserve generates so much anger that it's now sometimes being referred to as the Federal Body on the news.
You do not count. You do not have billions of dollars of wealth and millions to donate to politicians through friends and family.
Besides, if you do vote your politico out, he will only be replaced by a Democrat or Republican all to eager to please the masters of your previous politico. See? Not much difference between your Democrats and Republicans at the very top. Of course, if your politicos are in Congress long enough, and this applies to our President, they have very good health care for free and very nice pension most Americans will not, now, ever enjoy.
Why are special interest Americans so eager to cannibalize the majority to the detriment of all?
If this institution gets anymore power it will formally abolish the constitution.
The corrupt and wealthy at the very top dictate to the poor by national public policy, disregarding inconvenient rule of law. Only poor people are completely subject to "The Rule of Law" as it keeps you in line and behaving in a consistent manner, fraught with punishment.
Wake up people.The international bankers are consolidating power around the world not just the U.S.We need to get ridof or nationalize the FED now.
More power for the Bilderberg Group is more accurate, go ask David Rockefeller he'll tell you straight to your face...
Bernanke is part of the problem
Bernanke is an errand boy for the Bilderberg Group nothing more...
When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
~Thomas Jefferson
hat tip to http://www.short.ie/g264dk for the good articles
Jefferson also said: "The Banking Institutions are a greater threat to our Republic, than any standing Army..!"
He was right...
Chuck Schumer and Chris Dodd are paid for by the bankers and will never let Senate bill S 604 (audit the Fed bill) to pass. Bankers have more representation in government than the people do. The banking industry will scare us away from the audit of the Fed, just like Bush et al scared us into war with Iraq.
Central economic planning didn't work for the Soviet Union and it won’t work for the US. Ralph Nader says, "The Federal Reserve is a government within a government and completely out of control". We need to audit the Federal Reserve. The secrecy around the Fed is ridiculous.
Ralph Nader also believes in complete deregulation of all economic sectors of life. We see where limited deregulation has led to disaster. Some of his arguments make sense. Others are just complete looney tunes.
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The FED is a total tool of the Megabanks.
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The Federal Reserve is NOT a federal agency. They are privately run by the largest banks. Giving them more power is like taking the fox out of the henhouse and putting in a wolf instead. If you think it's bad now, wait till they have total control.
exactly
Giving more power to an instituiton that is largely responisble for this mess is absolutely the wrong thing to do
Greed span's reliance on too cheap and easy credit and a lax regulatory environment is one of the biggest causes of ur current problems
we should be working one reducing the power of the Fed if not abolishing it altogether. its sole purpose is to help keep the wealthy from becoming less wealthy
there was a reason most of our founders abhored the idea of a central bank - not the least of which was concentrating too much power and money in the hands of unelected and there fore unaccountable bodies
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First Posted: 06-24-09 01:32 AM | Updated: 06-24-09 10:53 AM