Old Project Avalon Forum (ARCHIVE) - View Single Post - HR 1207 UPDATES "The Federal Reserve Transparency Act"

peaceandlove · 06-29-2009, 01:54 AM

Bernanke Threatens if Fed is Audited

Posted by CJLKAS on 06/28/09 04:33 AM

At a recent House Oversight Committee Meeting, Fed Chairman Ben Bernanke threatened destruction of the dollar and the US economy if the Fed was audited. Notice how he calls it a "takeover" of monetary policy by Congress if HR 1207 were to pass. Someone needs to school Mr. Bernanke that, under the Constitution, monetary policy belongs to the Congress - not the Fed.

VIDEO (2:13):
SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=20822

06-29-2009, 01:54 AM	#16
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: HR 1207 INTRODUCED "The Federal Reserve Transparency Act" Bernanke Threatens if Fed is Audited Posted by CJLKAS on 06/28/09 04:33 AM At a recent House Oversight Committee Meeting, Fed Chairman Ben Bernanke threatened destruction of the dollar and the US economy if the Fed was audited. Notice how he calls it a "takeover" of monetary policy by Congress if HR 1207 were to pass. Someone needs to school Mr. Bernanke that, under the Constitution, monetary policy belongs to the Congress - not the Fed. VIDEO (2:13): SOURCE and COMMENTS: http://www.campaignforliberty.com/blog.php?view=20822 Last edited by peaceandlove; 06-29-2009 at 02:54 AM.