Geitner: Auditing the Fed is a “line that we don’t want to cross”

It's quite simple Congress needs to do what the American People Say, END the FED, and eliminate the 10 Trillion in Debt that the FED Created; NOT expand it to 12 Trillion like Geitner is asking for. Seize control of printing the money supply; and begin the Witch Hunt for all of these people trying to keep policy the same. This is a Financial WAR, and people are going to lose their lives, JFK printed 4.3 Billion and was Murder!

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New World Order Documentary Looking at the New World Order and the global elite Wake Up Call - Remastered Edition (NEW) - New World Order Documentary - 2008 "GOOGLE unable to post link." 1-2 Hour Video going in more depth.

The only real answers are to Start Forming Organized Groups, that conduct counter measures, to oppose and create change.

http://en.wikipedia.org/wiki/Executive_Order_11110

http://mcadams.posc.mu.edu/weberman/jfk.htm


I am prepared to go to sniper school, we need a standing ARMY of 150 Million Americans to place fear in the ELITE who would otherwise cause harm, malice to the general public on the course we are currently on.

Living in the Houston, Texas area, NASA Space Center is named after a TRAITOR Lyndon Johnson, it should be named after John F. Kennedy, rightfully so it was him who declared there would be a man on the moon. - Alot to think about, awareness needs to switch into high gear, and gain alot more momentum and create some synergy.

If you know of certain groups, or have information, or want to start a group, please feel free to message me.

JC
 
Quote from dtan1e:

why do i get a feeling u are associated somehow /w the Fed. i care if the dollar gets weaker as i holds it and i use it to purchase actual goods a services, what a dolt ! whether a disclosure will hurt the banks or not is another matter but one do care if u have an entity with vast powers and is not accountable to anyone
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It's foolish that the dollar, for the rest of eternity, will only get stronger and never get weaker at any point in time. Every market moves up and down - you should know this.
 
How many problems can you find with the statement: I don't think the American People want politicians creating monetary policy."

Like
-The Fed has been making monetary policy. So has that kept the politicians from spending like drunk sailors?
-Does "American People" mean a popular vote? Because there was no popular vote to give the Fed that power either.
-Does "politician" mean "gov't" - as in "all gov't is bad"? Gov't (SEC) was pretty hands-off leading up to the latest crises (and with Madoff too). Is that automatically better?
-It implies the Fed is not influenced by politics already. Really? Seriously?
-It implies that if we don't wand gov't running monetary policy, the only other solution is closed-door control by private bankers.

Anything else?
 
Quote from krazykarl:

We, as taxpayers, don't own any shares in the Fed. Your analogy is fail. A reserve note is NOT OWNERSHIP IN THE FED - IT"S A MARKER FOR SOMETHING THE FED HAS. When you play poker in a casino you exchange your dollars for poker chips - this doesn't mean you own part of the building or part of the company that runs the casino!! Using your logic every IOU California issued should be able to be redeemed for any piece of land in the state, even if someone else owns it free-and-clear.


As for your bond example, that's the govt. making a purchase: a business-to-business transaction, just like the DoD purchasing a fighter jet from Lockheed Martin. Much different then the govt. giving AIG 80 billion dollars to save it. Do we ask to audit Lockheed Martin's entire company books when we purchase a plane? Of course not, that would be silly.


People think there are all these malicious things going on. Why do they collect taxes if they print money? For fuck sakes people the economy is a machine and an elastic one at that. Wealth needs to be created and destroyed constantly. It will never go in a straight line up or down.
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So why are you defending the FED. IF a bank is weak and needs help it's shareholders have the right to know. Otherwise our so called stock market will be a sham. That's what makes this country so great. The strong live and the weak die.
 
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The 30 year chart is much more instructive. Today the DX is around 78.

The US Dollar was grossly overvalued in 2000/2001/2002. It is somewhat undervalued now against the major currencies on a PPP basis and that will either resolve itself by other currencies weakening or US consumer price inflation outpacing consumer price inflation in the EUR Zone, CA, JP, UK, CH and SE for an extended period of time. We'll see.
 
Quote from Landis82:

I think that he and Bernanke are worried that making this info PUBLIC will allow people to see just WHO the weakest banks are in the financial system and cause a run on them.
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Okay. But how could a bank run prove fatal with an unlimited FED-backstop to ensure solvency?

Second, the FED is a creature of Congress. The Government created the FED and can duly regulate it via legislative amendments to its Charter - regardless of any real (or imagined) consequence.

So who is Geitner to say what Congress can or can't do in regards to the FED? Do not the People of the United States control its Charter via Congressional-proxy?

Third, can you honestly say with a straight face bankers aren't protecting their Golden Goose (the FED, which makes all their bailouts and easy-money fortunes, possible)? Isn't this an obvious case of the fox guarding the hen-house? How else will American Bankers run-up obscene profits at no bottom-line risk to themselves without a Central Bank (which they own)? A Central Bank, ready and willing to launder every mistake for 100% pristine cash?

100% upside. No downside. Taxpayers foot the bill via debasement.

This is why Americans are fighting for complete disclosure. And why the Banks are fighting against us.
 
Quote from krazykarl:

They don't have any business auditing the Fed because no taxpayer money has gone to the Fed from the US govt.
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Wrong.

All FED money derives its value by debasing the existing money supply already in circulation. The only value FED money holds, is the value it steals from us. That makes it OUR MONEY, Stolen.

Two, the American People via Congress have every Right to audit the FED because the FED is a creature of Congress, or the People. Congress can amend or nullify its Charter, as we see fit, when we see fit.

They are not "above the law", as you claim.
 
Quote from achilles28:

Wrong.

All FED money derives its value by debasing the existing money supply already in circulation. The only value FED money holds, is the value it steals from us. That makes it OUR MONEY, Stolen.

Two, the American People via Congress have every Right to audit the FED because the FED is a creature of Congress, or the People. Congress can amend or nullify its Charter, as we see fit, when we see fit.

They are not "above the law", as you claim.
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No but the Senate is above the law.....nepotism rules....watch for Ted's replacement...last name will start with a K.

Remember don't bite the hand that feeds you.....Banks bankroll most Senators and the President......Heil Obama!
 
HEY, TURBO TAX CHEAT TIMMY IS A "MADE" MEMBER OF THE MOB.....do you expect him to say anything other than what he did??????
 
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