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Tuesday, September 1, 2009

Control The Fed

As you all should know by now, I am a proponent of exposing The Fed, its' owners and its' powers.  I have written several articles in reference to this here in TheMortgageCornerFORUM.

Here now two articles one written by Ron Paul Representative from Texas and one published by Reuters referencing Rep. Barney Frank, Chairman of the U.S. House of Representatives Financial Services committee.

The articles speak for themselves and I will limit my comment.  I post them here as it appears some exposure of The Fed is in our future.  Of course
The Fed will fight it any any new law enacted tooth and nail or shall I say dollar and cents. 

Here are the articles:

Texas Straight Talk, a weekly column by Ron Paul, the article titled, The Fed's Interesting Week.

...Early this week, it was announced that President Obama intends to reappoint Fed Chairman Ben Bernanke to a second term in January.
TMCt Comment:  If we keep the same people with the same policies who all come from the same place in positions of power and importance, we will NEVER see the CHANGE.
Bernanke seems to be popular with the administration and with Wall Street, and with good reason.  His lending policies have left big banks flush with newly created cash that covers up old mistakes and allows for new ones.
Fed policies have been as bad for the economy as they are good for politicians and bankers
Not everyone in government finds it acceptable that the Fed wields so much power and privilege in secrecy.
These few lines from the artilcle should make you want to read more and I need say no more.
Read The Full here

Tim Ahmann of Reuters wrote this article titled, Rep. Frank Eyes Fed audit, emergency lending curbs.
At a recent town hall meeting, Frank said the House would pass a bill to use an audit to crack open the central bank's books more widely, but in a way that will not encroach on the central bank's monetary policy independence.
TMC Comment:  I am not quite sure how you audit their books in a way "that will not encroach" on the Feds "monetary policy independence".  I believe that is the whole concept here.  Take away their independence, make them accountable to the people and have oversight over them.  They are a "loose cannon" with the ability to rule over us by creating dollars, removing dollars, raising rates, lowering rates and most recently lending money to their brethern banksters and non bank banksters.  It is the philosophy "for the good of a few at the cost of the many".  But in all fairness to Rep. Frank he did go on to say;
...the House would move to rein in the authority that allows the Fed to lend to a wide range of non-bank firms in "unusual and exigent circumstances."
Fed Chairman Ben Bernanke has warned that the bill would compromise the U.S. central bank's policy-making independence and could undermine financial markets and the economy.
TMC Comment:  Here we go again.  The world will come to an end if The Fed cannot create money to give to their bretheren.  More scare tactics - the same used to quickly in the shadow of the night on a weekend - bail out their buddies to the tune of billions and billions of dollars that even my grandchildren will never pay back.  How does that leave our country? Or do you even care Mr. Bernanke.
As chairman of the House Financial Services Committee, Frank is a key player in the effort to overhaul U.S. financial regulation.
TMC Comment:  Great team player.  I just wonder whose team he is playing on. 
Read The Full here

If we are to survive our Democratic Republic we must take back the control our founding fathers gave to us.  The government "for the people, by the people.  In the words of Meyer Amsheil Rothschild, the creator of the Central Bank system and the force behind J.P. Morgan and others, "Let me control the money of a nation and I care not who makes its laws". He said it all and in fact did it and is still dong it through his family and the families and companies he put in place and created.

It has been reported by many experts on many media outlets that during the Greenspan years, Greenspan WAS the most powerful man in Washington - even more powerful then The President.  That same power must now be vested in Bernanke.  There is something very wrong with someone sitting as Chairman of a NON government, privately held company, that prints our money at will, drives the economy and can choose financial life or death for the inhabitents of this country and its businesses. 

Wake up America!

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