The Other McCain

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The Federal Reserve: What, Me Transparent?

Posted on | March 19, 2010 | 13 Comments

by Smitty (via Insty)

Taking one eye off the ObamaCare debacle for a minute, one of the things that is going to make restoring the Constitution to full vigor a challenge is the lack of reasonable monetary policy.
Bloomberg reports that Ben Bernanke, the dude behind the financial curtain, might have to let you know the details of robberies past:

The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program launched primarily after the 2008 collapse of Lehman Brothers Holdings Inc. The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released.

The Fed had argued that disclosure of the documents threatens to stigmatize borrowers and cause them “severe and irreparable competitive injury,” discouraging banks in distress from seeking help. A three-judge panel of the appeals court rejected that argument in a unanimous decision.

Thanks, Fed. You throw the economy and the dollar under the bus to save your cronies. Are said cronies even in the US? One sort of hopes we’re going to find out, but there is precious little precedent for accountability where the Fed is concerned.
See Ron Paul’s End the Fed. It is just 3 years, 9 months until the centennial of the Federal Reserve Act 2012 candidates worthy of support should be talking about how they are going to replace an un-elected, unaccountable, opaque organization which says quantitative easing where honest people say ‘stealing’, with an organization more in keeping with the Constitution, that document under such heavy assault just now.
In fact, I daresay that, had the Internet existed 100 years ago, the Federal Reserve Act would be greeted will all the lusty cheer afforded ObamaCare.
Meanwhile, I’ve got to make some signs for the rally tomorrow on Capitol Hill. Twice in a week! Hail to the Community Organizer in Chief, and an agenda that mobilizes America, albeit against some highly unsavory legislation.
All joking aside, the Federal Reserve, augmented by the 16th Amendment, forms a chief enabler for our delinquent Federal government. A major agenda item for the national come-to-Beavis meeting triggered by this atrocious Congress/Administration is a plan to restore the meaning of the Bill of Rights, which was to protect the private citizen from Federal over-reach.

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Category: End The Fed

Comments

  • JayJay

    Smitty-
    Have you seen these articles?
    http://tinyurl.com/y8jqlog

    http://tinyurl.com/ybjn6wn

  • JayJay

    Smitty-
    Have you seen these articles?
    http://tinyurl.com/y8jqlog

    http://tinyurl.com/ybjn6wn

  • http://theothermccain.com smitty

    @JayJay
    No, but they look intriguing.

  • http://theothermccain.com smitty

    @JayJay
    No, but they look intriguing.

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  • http://hot-ashes-for-trees.blogspot.com/ G. Atias

    Ever seen the movie Scarface – the Al Pacino version?

    Remember at the end, when Tony Montana’s whole life was imploding round him, and he sticks his face in that big pile of cocaine on his desk?

    Well, that has essentially been Ben Bernanke’s solution. What we needed was wholesale debt relief at the ground level. A giant ponzi scheme called the US economy finally crashed. And instead of bailing out the victims of the ponzi scheme – Bernanke comes along and pushes trillions in funny-money, backed by nothing, conjured out of thin air on the backs of future taxpayers – and pushes it over to the very gangsters, the very perpetrators of the ponzi scheme, the same gangsters who made all the money on the way up.

    And then the mainstream media hails him as some kind of wizard of the “recovery” because of it. But there is no recovery, just a cover-up. Just a big pile of cocaine on the desk, in the form of money printing, juicing-up a collapsed ponzi scheme by pouring more money back into the top of it. And has set us up for complete and total collapse in the process.

    Bernanke, Geitner, Greenspan, Paulson and Obama. Perhaps the 4 worst economic criminals this country has ever known. And shame on Bush for getting Paulson’s crimes rolling.

  • http://hot-ashes-for-trees.blogspot.com/ G. Atias

    Ever seen the movie Scarface – the Al Pacino version?

    Remember at the end, when Tony Montana’s whole life was imploding round him, and he sticks his face in that big pile of cocaine on his desk?

    Well, that has essentially been Ben Bernanke’s solution. What we needed was wholesale debt relief at the ground level. A giant ponzi scheme called the US economy finally crashed. And instead of bailing out the victims of the ponzi scheme – Bernanke comes along and pushes trillions in funny-money, backed by nothing, conjured out of thin air on the backs of future taxpayers – and pushes it over to the very gangsters, the very perpetrators of the ponzi scheme, the same gangsters who made all the money on the way up.

    And then the mainstream media hails him as some kind of wizard of the “recovery” because of it. But there is no recovery, just a cover-up. Just a big pile of cocaine on the desk, in the form of money printing, juicing-up a collapsed ponzi scheme by pouring more money back into the top of it. And has set us up for complete and total collapse in the process.

    Bernanke, Geitner, Greenspan, Paulson and Obama. Perhaps the 4 worst economic criminals this country has ever known. And shame on Bush for getting Paulson’s crimes rolling.

  • http://hot-ashes-for-trees.blogspot.com/ G. Atias

    Bernanke, Geitner, Greenspan, Paulson and Obama.

    Perhaps the *5* worst economic criminals this country has ever known.

  • http://hot-ashes-for-trees.blogspot.com/ G. Atias

    Bernanke, Geitner, Greenspan, Paulson and Obama.

    Perhaps the *5* worst economic criminals this country has ever known.

  • Live Free Or Die

    “Treason doth never prosper; what is the reason? Why if it prosper, none dare call it treason.”—Ovid

  • Live Free Or Die

    “Treason doth never prosper; what is the reason? Why if it prosper, none dare call it treason.”—Ovid

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