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HR 1207 UPDATES "The Federal Reserve Transparency Act"
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06-29-2009, 02:42 AM
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Seashore
Avalon Senior Member
Join Date: Nov 2008
Posts: 3,564
Re: HR 1207 INTRODUCED "The Federal Reserve Transparency Act"
Quote:
Originally Posted by
peaceandlove
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):
YouTube - Bernanke warns that meddling with Fed's monetary policy cause harm economy
SOURCE and COMMENTS:
http://www.campaignforliberty.com/blog.php?view=20822
We must not cave in to this ****.
Seashore
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