Posted on 12/01/2009 1:15:22 PM PST by rabscuttle385
Link only, per FR copyright rules
Ping
Yeah, dangerous to the thieves in charge of the Fed and of the Blight House. 100 years of theft will be disclosed.
The fed needs time to dump their data into the same “bit bin” that Acorn and the Climate Research Fakers do....before any audit.
We’re sniffing at some serious corruption here, folks.
The Federal Reserve motto: we destroyed 95% of the dollar in 95 years - let's make it 100% in 100 years.
coutry’s -> country’s
Dangerous for whom? The corrupt criminals running this show?
“Mishkin, 58, said government audits could lead members of Congress to second guess Fed decisions and prompt them to call on Fed governors and bank presidents to explain their interest- rate decisions.”
Cause the Fed are gods and shouldn’t be questioned.
If it were me, interest rates are the last questions I’d be asking.
It’s always dangerous to politicians when the people learn the truth.
How long will it be until the Fed’s bootlickers will be here to tell us how great it is for the economy?
We’re sniffing at some serious corruption here, folks.
__________________
Serious corruption is an understatement. There is nothing on the face of this earth as corrupt as the Federal Reserve... with the lying poser Barry Soetoro running a close second.
Don't worry, Barney Frank can run the Fed better than Bernanke. Just look at the good job he did with Fannie and Freddie.
Fire them all.
Seems to me, having a governmental (or quasi-governmental) body running the financial show, would be the last thing a anti-regulation, pro-business environment person would want to defend.
Afraid of change or in cahoots?
I don't want a governmental (or quasi-governmental) body running the financial show.
Afraid of change or in cahoots?
Is the change going to give the idiots in Congress more or less power? If the answer is more, then I'm afraid, very, very afraid. I'd think all Freepers would be afraid too. I guess even Freepers can fall for a silly distraction.
In order to get these assholes out of office and out of the Fed, we need a first step.
IMO, by investigating the Fed, we’ll uncover others within the government who are in on this theft of people’s wealth.
Of course, we know how they watch out for their own.
The assholes are in Congress, not the Fed.
IMO, by investigating the Fed, we’ll uncover others within the government who are in on this theft of people’s wealth.
The theft is the wasteful spending, that's Congress again, not the Fed.
Yeah because the Fed inflating the dollar I earn today so its worth nothing tomorrow doesn't sound like theft at all....
Apparently, nobody is talking to the real point here:
Paul’s bill “would be very dangerous in terms of promoting inflation,” Mishkin said. “If you make the central bank beholden to politicians on a short-run basis, you get very bad outcomes: high inflation and less of the ability to deal with shocks like the ones we had recently.”
History has proven this: inflation results from POLITICIANS putting their fingers on monetary policy and debasing the currency for short-term gain. The short-term gain causes long-term economic pain.
In the US, it was liberal politicians like Humphrey who dictated to the Fed for “full employment”, distorting the purpose of a central bank. In other words: Putting folks like Speaker Pelosi in charge of monetary policy is a cure worse than the disease.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.