HR1207 Will Hurt America.

[nayjevin]

Congress is empowered in the Constitution to "coin money."

coins.

 

[Bossobass]

Shill: "The Fed can't be audited because it has to remain politically pure".

What a crock of shit.

The Fed has lent or guaranteed $9 trillion in off balance sheet money. OUR FUCKING MONEY.

Congress: "So, to whom did you lend this money?"
Bernanke: "I'm not gonna answer that question."
Congress: "So, to whom did you make guarantees, and for what amounts?"
Bernanke: "I don't have to tell you that."
Congress: "Well, what were the terms of the loans?"
Bernanke: "I can't disclose that information."
Congress: "What do you mean? How could you be exempt from explaining the details of these trillions of dollars of missing funds?"
Bernanke: You'll have to take that up amongst yourselves, because Congress gave us that power when it enacted The Federal Reserve Act."

Wake the fuck up, will ya?

Bosso

 

[Dr.3D]

Shill: "The Fed can't be audited because it has to remain politically pure".

What a crock of shit.

The Fed has lent or guaranteed $9 trillion in off balance sheet money. OUR FUCKING MONEY.

Congress: "So, to whom did you lend this money?"
Bernanke: "I'm not gonna answer that question."
Congress: "So, to whom did you make guarantees, and for what amounts?"
Bernanke: "I don't have to tell you that."
Congress: "Well, what were the terms of the loans?"
Bernanke: "I can't disclose that information."
Congress: "What do you mean? How could you be exempt from explaining the details of these trillions of dollars of missing funds?"
Bernanke: You'll have to take that up amongst yourselves, because Congress gave us that power when it enacted The Federal Reserve Act."

Wake the fuck up, will ya?

Bosso

LOL.... sounds a lot like another kind of story or perhaps a parallel.

Farmer: "So where did the chickens go from the chicken coop?"
Fox: "I'm not gonna answer that question."
Farmer: So, to whom did you give the keys to the hen house and how many chickens did they take?"
Fox: "I don't have to tell you that."
Farmer: "Well, will I ever get my chickens back?"
Fox: "I can't disclose that information."
Farmer: "What do you mean? How could you be exempt from explaining the details of all of the missing chickens?"
Fox: "You'll have to think about that yourself, because you gave me the keys to the hen house."

 

[HOLLYWOOD]

FED: HR1207 Will Hurt America.

BRAVO! BRAVO!

Could someone please forward this quote to 535 Congress Critters and all the BO minions at the executive branch.

Send it to every congressman that hasn't co-sponsored HR 1207!

When I get a chance, I will too~!

Shill: "The Fed can't be audited because it has to remain politically pure".

What a crock of shit.

The Fed has lent or guaranteed $9 trillion in off balance sheet money. OUR FUCKING MONEY.

Congress: "So, to whom did you lend this money?"
Bernanke: "I'm not gonna answer that question."
Congress: "So, to whom did you make guarantees, and for what amounts?"
Bernanke: "I don't have to tell you that."
Congress: "Well, what were the terms of the loans?"
Bernanke: "I can't disclose that information."
Congress: "What do you mean? How could you be exempt from explaining the details of these trillions of dollars of missing funds?"
Bernanke: You'll have to take that up amongst yourselves, because Congress gave us that power when it enacted The Federal Reserve Act."

Wake the fuck up, will ya?

Bosso

 

[GunnyFreedom]

wow. just. wow.

 

[PaulaGem]

BRAVO! BRAVO!

Could someone please forward this quote to 535 Congress Critters and all the BO minions at the executive branch.

Send it to every congressman that hasn't co-sponsored HR 1207!

When I get a chance, I will too~!

I think the chicken coop story should go with it too LOL!

 

[malkusm]

Anyone who uses the argument that "the Fed is secretive and private because they have to remain free of political influence!" assumes that they are currently free of political influence.

Most people who use this argument assume that the two major parties have vastly different goals for our nation, and that opening the Fed to an audit would cause wild swings in monetary policy leading to an unstable system.

My question is: Are there really vast differences in the two parties and their goals in monetary policy? Or, perhaps, do both parties want inflation and increased consumer spending, with no regard for long-run outcomes? You see...the system is politically influenced already. It benefits ALL the politicians to be in office for an economic boom - not just one side.

 

[sirellyn]

No. I'm saying that the masses of America, with the information they'll get, will hurt America as a result. The Federal Reserve was made quote on quote "secret" so that it wouldn't be manipulated by political pressure. So that it could operate without politics involved. If the general public gets a hold of what's going on in the federal reserve, they'll manipulate the system. They'll add the Federal Reserve into the equation of mob rule, and pretty soon you'll have funds meant for one thing going to the welfare program, and whatever else. In short, the American people can't be trusted with this kind of information. If we had a true Republican system like we had, this would be great. But we don't anymore, and thus you'll only be giving more Democracy to the public, which will only serve to corrode the country even more, like what happened to Rome.

Our country operates in a very delicate way. If you audit the Federal Reserve, you'll off-set that delicateness. You'll throw the entire system off. If you want to change things, you need to start small, and work your way up. Auditing the federal reserve is not the right way to go - you'll only have even more of an economic mess. You need to begin with returning America to a Republic.

Your argument is that people will decide on social programs or bad expenditures. The point of a political process, is that public can be very wrong in their decisions. But allowing them to make bad decisions allows them to suffer and learn from them as well.

When you don't know what decisions are being made but you suffer the consequences, you have no idea what was originally so wrong or how to fix it.

For example if the Fed was exposed and "The People's Reserve" was then formed (not much better I know..) They may decide to put all the money to socialized healthcare. There isn't enough money to pay for this of course so they could decide to print more.

But they would see the effects of printing that much more money. And they would know where it went to.

Some would want to see the experiment continue. And may even be ok with high inflation for the sake of some of their perks. Most would not, and the cause of the unease would be very apparent.

And thats the point. Education. Know the mistakes so if you do make them you can learn from them.

If you trust a black box, you have no idea if it's even working in the first place.

 

[acptulsa]

No. I'm saying that the masses of America, with the information they'll get, will hurt America as a result. The Federal Reserve was made quote on quote "secret" so that it wouldn't be manipulated by political pressure. So that it could operate without politics involved. If the general public gets a hold of what's going on in the federal reserve, they'll manipulate the system. They'll add the Federal Reserve into the equation of mob rule, and pretty soon you'll have funds meant for one thing going to the welfare program, and whatever else. In short, the American people can't be trusted with this kind of information.

One, the system is already gamed. Two, if the American people can't be trusted with the information, then who can? Know any benevolent dictators who can actually be depended upon?

 

[Anti Federalist]

Shill: "The Fed can't be audited because it has to remain politically pure".

What a crock of shit.

The Fed has lent or guaranteed $9 trillion in off balance sheet money. OUR FUCKING MONEY.

Congress: "So, to whom did you lend this money?"
Bernanke: "I'm not gonna answer that question."
Congress: "So, to whom did you make guarantees, and for what amounts?"
Bernanke: "I don't have to tell you that."
Congress: "Well, what were the terms of the loans?"
Bernanke: "I can't disclose that information."
Congress: "What do you mean? How could you be exempt from explaining the details of these trillions of dollars of missing funds?"
Bernanke: You'll have to take that up amongst yourselves, because Congress gave us that power when it enacted The Federal Reserve Act."

Wake the fuck up, will ya?

Bosso

My name is Anti Federalist and I endorse this message.

 

[Dr.3D]

I think the chicken coop story should go with it too LOL!

Thanks PaulaGem, I'm gladdened at least somebody found some humor in it