Fed Worried; Dollar only worth 18 cents
Mort Zuckerman
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Subject: Fed Worried; Dollar only worth 18 cents
Date: Nov 29, 2009 9:09 AM
LMAO.
Bernanke must be scared out of his mind:
http://rawstory.com/2009/11/fed-chairman-pens-oped-panning-proposed-audit/
People will find out they've been simply
printing money for the last 30 years,
China will flip out, No other nations
will support the failed oil wars, and
we'd all even find out the timeline
of the machinations matches the 911
stunt. We would find out that in the
late 1990s these clowns were scared
witless. And we'd find out they most
certainly have their eyes on Canada.
The Petrodollar is worth MAYBE
18 cents. 1/6 of what we think it
is. A package of T shirts at Walmart
will be worth 30 dollars. A gallon of
milk, 20. A car, $100,000...
It is going to be total chaos, but
either now or later, but if we wait
it will be even worse.
Aaah-Haaaa. This is so freaken
funny.
http://groups.google.com/group/sci.med.diseases.lyme/browse_thread/thread/6940a8d9e0024621/8591b95e0ece47f7?q=Bush%2FGore+ENERGY+&rnum=1#8591b95e0ece47f7
Bush/Gore/Oil/War
Clear? We get Bush, we get more oil and
lack of investment in energy alternatives,
more terrorism, more pollution, a recession...
We get Gore, we get an investment in energy
independence. They will be somewhat tough
economic times, but that's exactly the
nature of "investment": put off spending
what you have today so you will have even more
tomorrow.
============
Everybody *KNEW* this was coming.
They all just *CHOSE* to believe
otherwise:
"I Gotta Take Care of *MEEeee,* First!"
ROTFLMAO
KMDickson
http://www.actionlyme.org
===========
Fed chairman pens op-ed panning proposed audit
By Raw Story
Saturday, November 28th, 2009 -- 11:00 am
bernanke20091019 Fed chairman pens op ed panning proposed audit
The head of the US central bank said Saturday he was "concerned" by
some congressional proposals aimed at regulating the US financial
system that infringe upon the powers of the Federal Reserve.
"I am concerned, however, that a number of the legislative proposals
being circulated would significantly reduce the capacity of the
Federal Reserve to perform its core functions," Federal Reserve
Chairman Ben Bernanke wrote in an op-ed piece in The Washington Post.
He said some proposals considered by the US Senate as part of attempts
to strengthen US government regulation of the financial sector would
strip the Fed of all its bank regulatory powers.
He also noted that a House committee had recently voted to repeal a
1978 provision that was intended to protect monetary policy from short-
term political influence.
"These measures are very much out of step with the global consensus on
the appropriate role of central banks, and they would seriously impair
the prospects for economic and financial stability in the United
States," Bernanke wrote.
Story continues below...
"The Fed played a major part in arresting the crisis, and we should be
seeking to preserve, not degrade, the institution's ability to foster
financial stability and to promote economic recovery without
inflation," he stressed.
"Independent does not mean unaccountable. In its making of monetary
policy, the Fed is highly transparent, providing detailed minutes of
policy meetings and regular testimony before Congress, among other
information," Bernanke argued. "Now more than ever, America needs a
strong, nonpolitical and independent central bank with the tools to
promote financial stability and to help steer our economy to recovery
without inflation."
Congressman Ron Paul (R-TX), who has sought to audit the nation's
largest bank for nearly 27 years, does not believe Bernanke's fears
are substantiated.
"There is no reason why the world can't know, eventually, what the Fed
is doing," he said recently.
His legislation, House Resolution 1207, cleared a key congressional
panel on Nov. 19 by a vote of 43 to 26.
"[It] would require the Government Accountability Office to audit the
central bank's interest rate policy, agreements with foreign
governments, foreign central banks and the International Monetary
Fund," according to MarketWatch. "It also would permit audits of a
roughly $800 billion Fed mortgage-backed securities purchase program,
which could grow to $1.25 trillion, Paul said."
This video is from Russia Today, broadcast Nov. 23, 2009.
With AFP.
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