President-Elect Trump Endorses Rand Paul’s ‘Audit The Fed’ Bill

a reply to: real_one

Obama did bring change.

a reply to: real_one

So we'll just let them go on above the law and hope for the best? Put our faith in them to do the right thing? They sure felt no real world punishment for the Great Recession, not like all the little people, to help make sure they learned their lesson.

Talk about being the savior of The People, eh?

a reply to: IgnoranceIsntBlisss

I agree with you, but what can we do?

I think a no work for a week. No one go to work other than the obvious. OR take our $ out of their banks and use credit unions.

Yup credit unions, Bitcoins, don't work for anyone have your own business, etc.

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Ben Bernanke has said that the dollar and US economy would be in danger if an audit took place.

-OP


Typical Bernanke lies parallel with the lot of these corrupt entities. If anything they would construct the auditing as a crisis. Never let a good opportunity go to waste.

Ron Paul to Ben Bernanke "What Would It Take For You To Admit You Were Wrong?

Source

"How Bernanke's Fed Triggered the Great Recession"

Richard M. Salsman , Contributor I cover the intersection of economics and politics. Opinions expressed by Forbes Contributors are their own. US Federal Reserve Chairman Ben Bernanke speak... Image by AFP/Getty Images via @daylife As usual, when Fed chairman Ben Bernanke testified before Congress this week not a single Congressman asked him why he deliberately and transparently triggered the Great Recession of 2007-2009, which was accompanied by a frightening financial crisis, gargantuan bailouts and huge fiscal deficits. Nor has Bernanke been held accountable for his culpability during previous Congressional testimony or during his press conferences.

Source-Forbes


"Secrets and lies of the bailout"

It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it.

The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.

THEY LIED TO PASS THE BAILOUT

Today what few remember about the bailouts is that we had to approve them. It wasn't like Paulson could just go out and unilaterally commit trillions of public dollars to rescue Goldman Sachs and Citigroup from their own stupidity and bad management (although the government ended up doing just that, later on). Much as with a declaration of war, a similarly extreme and expensive commitment of public resources, Paulson needed at least a film of congressional approval.

More at Source-RS

Not sure what 9 Trillion dollars your talking about ?

a reply to: dreamingawake

The tax payers got boned on the bail outs, starting with Bush then Obama. The hurry up offense took the field and Bush said the whole thing is going belly up if we don't go all socialist.

So the party has been continued, what really can be done to resolve the trillions owed?

originally posted by: nOraKat

Not sure what 9 Trillion dollars your talking about ?

"So what exactly would you say you do there"?

So many clueless people running such a huge bank! To be honest, I don't even know why they hold those hearings or whatever they are. No one answers the questions, EVER. Everyone talks around them. No one is ever responsible. It's a dog and pony show. It's 100% useless. Why have these inquiries when they don't even do anything about it.... just questions... "just words".

a reply to: StallionDuck

That video is telling, she just basically says I'm not going to tell you anything and the people behind her are making sure she walks that fine line between lying and saying that investigations are in process and at a different level.

Ha Ha !

if an Audit did happen, the people would never find out the truth of it!!!

Grow up, nice idea but you'll never know the details. Just my opinion.

a reply to: StallionDuck

They're not clueless. They know exactly what they are doing.

a reply to: Tardacus

HA! Yeah.. I read that and was like: Wait wasn't that how it was intended to be and here's this jerkoff of a guy saying this would endanger the country? Where does he even come off saying stuff like that? They have some enormous balls to be saying that.. To be a shill for the federal reserve so flagrantly. The corruption has since long become the norm..

I couldn't have said it better myself. Someone hang this traitor.

and a repudiation of the independence of the Federal Reserve

F*ck this guy! This entity is a rogue criminal element run by criminal syndicates let loose in the government. The sheer arrogance of the wording of this guy is nothing short of amazing. Acting as if how things were intended to be run would be completely unthinkable and a complete disaster.. Scum shill..

originally posted by: seasonal
a reply to: StallionDuck

That video is telling, she just basically says I'm not going to tell you anything and the people behind her are making sure she walks that fine line between lying and saying that investigations are in process and at a different level.

Yeah I walked away with that. If it were a question it would have been rhetorical

They're too busy walking around the topic and they can hide the truth with clueless looks and statements and still nothing gets done about it. If we were being questioned like this in court for a crime, we'd be in contempt right off the handle. Yet, these people...

JFK made enemies of everyone you do NOT want to piss off.

The Mafia
The CIA
The FBI
The Military Industrial Complex
The Federal Reserve Bank

And look what happened to him.

Trump apparently has not learned his lesson. He already has infuriated the CIA.
Now he wants to mess with the Fed.

While I think auditing the Fed is a great idea, Trump is only going to piss them off.

While I'm all for it...auditing the Fed would be a waste of time.

#1. If the audit happened and there were problems, corruption, etc. found...it would likely damage the USA severely so it would never see the light of day.

#2. If there were no problems...no one would believe it because #1 is true.

#3. In efforts to convince the sheep that an audit was preformed, they would report some minor, fixable issues and nothing else.

So...#3 is what would actually happen, so why bother spending the time, money and effort?

If an audit would "spell disaster"., that sounds like an admission of guilt and all the more reason for one.

originally posted by: seasonal
a reply to: o0oTOPCATo0o

The wall street tax is a great idea.

And scare tactics like these are almost as worn out as calling people racist for asking general questions about Obama's admin decisions.

If this happens, it could change the way money gets around. The main function of the fed is to keep the boom bust cycles from occurring. Fail, but I bet all that sweet sweet $ the owners of the Fed get is makes it all worth while for them.

No, that's not the mail purpose of the Fed. It was only the public purpose.