Digg Dialog with Tim Geithner - Ron Paul/Audit the Fed questions dominate! [Video]

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FrankRep

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Geithner’s Digg-Contributed Interview


http://blogs.wsj.com/digits/2009/08/25/geithners-digg-contributed-interview/


Treasury Secretary Timothy Geithner fielded questions that Digg users submitted and voted on, in an interview with The Wall Street Journal’s Alan Murray.

Among the top questions: Why has the Federal Reserve Bank never been audited (1,134 diggs), Is Goldman Sachs corrupt (728 diggs) and what’s your position on Ron Paul’s House Resolution 1207 (712 diggs).
 
Just started watching, thanks for the link.

We are going to continue to be a thorn in the side of these people, and that's a good thing.
 
Tim (4:40-4:50):
... it was a broad, global monetary policy judgement ...
Click to expand...

If that isn't an arguement for a hard money policy, I don't know what is.
 
I watched the whole thing, it was exceedingly aggravating. If I had the time, I'd love to pick it apart for all the lies/half-truths and answer the questions for him that he did not.
 
Awesome interview, but horrible answers. I'm glad that Geithner agreed to do something like this. Probably to try and advertise all the regulatory reforms the administration is pushing, since he tied the "let us do terrible things to you in order to protect you from terrible things"-mantra to most questions. As expected he didn't really answer the questions (except the second one, which sort of ruined some of the credibility of the other questions). He even evaded the questions which explicitly demanded an example of some sorts.

The interviewer could have demanded more precise answers from him, but I don't really care. I'm just glad that questions like these are asked at all. I hope more news outlets will try formats like this.
 
My question was #12. It just missed the list :(

My question: "How much debt do you think the United States Federal Government can issue before the Chinese stop buying it?"
 
robertwerden said:
This is just part of the massive disinformation program set to fight 1207.
Click to expand...

They're failing miserably. No one who dugg up the questions about 1207 is going to change their mind because of Geitner's responses. The fact that 1207 has made so much progress is a good indication of just how much distrust the Fed has earned from the American people.

Without the American people's trust, Geitner cannot possibly convince us that he's doing what's in our country's best interest. The Fed's power is based solely on trust. That's the foundation of the establishment. The reason they have such a large imposing building in Washington is to create the appearance of legitimacy. That's why they wear those nice suits everywhere they go, and they sit in leather chairs, and they put big important-looking seals on the podiums, and they hang the American flag in the background, and they use big words that they think no one but them understands. We understand it. We see through it. It's all smoke and mirrors. Their power base is losing its stability.

The advent of the Internet has made more information available to more people than any other time in history. That's why we're making progress, because more and more people are learning about the scam that is government, and they're getting really pissed off about it.
 
To add further to my point, take a look at the chairs and the furniture in the background of the interview. It's all very nice, very expensive looking, very clean. It all looks very official. You might not notice it consciously, but you do notice it subconsciously. Imagine if they had conducted the interview in a dirty, dingy, basement filled with smoke. Imagine if Geithner had been smoking a cigar and drinking a beer during the interview. Compare that image to the one you see.

That stuff doesn't happen by accident. There was a team of people who put that room together for the purpose of making it look official and important. This is all part of a deliberate plan to obtain the trust of the American people.

Now, don't misunderstand me. I'm not saying that they shouldn't try and present a respectable appearance. All I'm saying is that these things make a difference. There is still a large number of Americans who trust the Fed, and these official-looking interviews are a big part of the reason why.

Most people think that high-level financial decisions are best made by someone on Wall Street or in Washington, because they're so well-educated. Most Americans don't believe that they themselves are capable of understanding the issues, so they just hope that the people in charge have their best interests at heart.

Now that we have learned about the damage our monetary policy is doing to this country, it's our duty to educate our fellow Americans, so more and more people start seeing through the fancy furnuture and start asking the tough questions. We're making progress, but we have a long way to go.
 
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He said the low interest rates was ohter countries fault... Unveliable. Fucking Unveliable.
 
The worse Timmy's answers are, the more people get motivated, and the better for us.

What are people on Digg doing to support AuditTheFed.com, besides voting up HR1207 related comments?

I think their love for Obama is too deep for them to take any action against his economic policies.
 
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