Bankster Dilemma: Fed Audit Looms

Login or register to post comments Last Post 3385 reads   18 posts
Viewing 10 posts - 1 through 10 (of 18 total)
  • Tue, May 11, 2010 - 05:04pm

    #1

    machinehead

    Status Silver Member (Offline)

    Joined: Mar 18 2008

    Posts: 241

    count placeholder

    Bankster Dilemma: Fed Audit Looms

From Marketwatch:

The [Fed audit] legislation is attached to sweeping bank-reform legislation under consideration on Capitol Hill. It would need to be reconciled with a more expansive audit-the-fed provision approved in the House last December.

The Senate measure would — for the first time in the central bank’s 95-year-history — require a Government Accountability Office audit of the financial institutions that borrowed from the Fed during the financial crisis.

In addition, the legislation would require the Fed on Dec., 1, 2010, to put on its Web site all of the recipients of the central bank’s emergency assistance between December 2007 and the date of the statute’s enactment.

http://www.marketwatch.com/story/senate-unanimously-approves-measure-to-audit-fed-2010-05-11

This bill presents a huge dilemma for the secretive Federal Reserve. With both houses of Congress having approved ‘audit the Fed’ amendments, a conference committee would be obliged to select one or the other, or incorporate provisions from both.

If you believe, as I do, that the Federal Reserve is running a Ponzi scheme, then an audit is life-threatening to the Fed. Secrecy is essential to a Ponzi operator. An audit would expose the scheme’s unsustainability.

Last week, the Obama administration mounted a full-court press with its heaviest hitters — Bernanke, Geithner, Emanuel — to stop the audit amendment. They failed. Now what?

Evidently, banksters must choose between allowing auditors to pierce the veil of Federal Reserve secrecy, or derailing the legislation in its entirety. The lattter course, if pursued successfully, would demonstrate (as did the preceding LooterFests) that banksters control the government, and not vice versa.

But would they go so far as to order Obama to veto the bill? I reckon so. Without Federal Reserve funny money, Usgov would be out of business within weeks.

Pull up a chair, folks. It’s … SHOWTIME! Surprised

  • Tue, May 11, 2010 - 06:08pm

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    Re: Bankster Dilemma: Fed Audit Looms

If Obama doesn’t veto the bill, y’all better hunker down and get ready for a populist revolution, down there! It’s hard to comprehend just how deep and furious the sentiment would be, if the fed was exposed.  The anger and dissillusionment that’s been growing in the American collective spirit  would instantly morph into the kind of hatred and rage that has to find expression.  The tea partiers would trade their placards for pitchforks and take up building scaffolds.   How-to build-your-own guillotine videos on youtube would be followed with keen interest.  Why, Kanellos the protest dog might even be flown to Philadelphia and handed the keys to the city, by the local chamber of commerce. Smile

Everything would change. This would do it.  American’s sense of indignation isn’t appreciated, right now,  as there are very few avenues of protest available, quite literally.  Given sufficient rage, the masses could easily overwhelm the contained protest zones.  Fascist bylaws prohibiting protesters from stepping off sidewalks, would be ignored by human waves tossing molotov cocktails through the windows of the fed building.

Oh well, I can dream, can’t I?

  • Tue, May 11, 2010 - 09:13pm

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    A revolution is coming!

http://hangabanker.com/ Wink

  • Tue, May 11, 2010 - 09:54pm

    #4
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    Re: Bankster Dilemma: Fed Audit Looms

As I understand it, the Sanders Amendment is considerably watered down.

It’s the Vitter Amendment that has the same teeth as the Ron Paul bill.

  • Tue, May 11, 2010 - 10:47pm

    #5
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    Re: Bankster Dilemma: Fed Audit Looms

 

[quote=agitating prop]

 Why, Kanellos the protest dog might even be flown to Philadelphia and handed the keys to the city, by the local chamber of commerce. Smile

[/quote]

From the Washington Post:

————

KANELLOS DOES D.C.

‘Bark Marley’ Leads Massive ‘Redemption Day’ Protest at Federal Reserve

‘Not a conventional yellow-dog Democrat,’ hound’s spokesperson affirms

  • Tue, May 11, 2010 - 10:54pm

    #6
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    Re: Bankster Dilemma: Fed Audit Looms

[quote=agitating prop]

If Obama doesn’t veto the bill, y’all better hunker down and get ready for a populist revolution, down there! It’s hard to comprehend just how deep and furious the sentiment would be, if the fed was exposed.  The anger and dissillusionment that’s been growing in the American collective spirit  would instantly morph into the kind of hatred and rage that has to find expression.  The tea partiers would trade their placards for pitchforks and take up building scaffolds.   How-to build-your-own guillotine videos on youtube would be followed with keen interest.  Why, Kanellos the protest dog might even be flown to Philadelphia and handed the keys to the city, by the local chamber of commerce. Smile

Everything would change. This would do it.  American’s sense of indignation isn’t appreciated, right now,  as there are very few avenues of protest available, quite literally.  Given sufficient rage, the masses could easily overwhelm the contained protest zones.  Fascist bylaws prohibiting protesters from stepping off sidewalks, would be ignored by human waves tossing molotov cocktails through the windows of the fed building.

Oh well, I can dream, can’t I?

[/quote]

I think there is a greater chance of revolution if Obama does veto the bill.  The government stands a better chance of avoiding it by telling the people the truth. 

  • Wed, May 12, 2010 - 12:23am

    #7
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    Re: Bankster Dilemma: Fed Audit Looms

I find it hard to believe that any substantive audit of the Fed could get past the numerous phalanxes of bought-and-paid-for…ehrm… I mean, the senators and congressfolks who have deep heartfelt belief in the necessity of Fed Sekrits.  

Forcing transparency on the Fed would, uh…<scratching head>…THREATEN NATIONAL SECURITY!!!  Or…something.  …

Look!  Over there!  An OIL SPILL/VOLCANO/EURO MELTDOWN!!!  No?  

Maybe…  A SUSPICIOUSLY FOREIGN-LOOKING DUDE WITH AN EXPLOSIVE SHIH-TZU!  Still no?  

Howzabout…eh…AMERICAN IDOL finale in a week or two!!!

Heh heh.  Figgered that’d do it.

  • Wed, May 12, 2010 - 12:37am

    #8
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    Re: Bankster Dilemma: Fed Audit Looms

AP.  The Tea Party is all about the elections this Fall.  They are really nonviolent.  However if the elections are very smelly or are cancelled due to a national “emergency” then you might see the pitchforks come out.

  • Wed, May 12, 2010 - 02:40pm

    #9
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    Re: Bankster Dilemma: Fed Audit Looms

Seeing how as Solicitor General, Kagen already stuffed Mayor Bloomberg’s request to audit the Fed (site here), it won’t matter who puts what in the bill.  Once she gets her seat on the Court, the amendment will be rendered unconstitutional or some crap. 

  • Wed, May 12, 2010 - 04:09pm

    #10
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1617

    count placeholder

    Re: Bankster Dilemma: Fed Audit Looms

MH

You are a sick puppy…………no offense Kanellos

V

Viewing 10 posts - 1 through 10 (of 18 total)

Login or Register to post comments