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Bernanke Lobbying Hard for Status Quo Federal Reserve
Posted By admin On November 12, 2009 @ 11:27 am In Money Watch | Comments Disabled
Campaign For Liberty 
Thursday, Nov 12th, 2009
In today’s New York Times , reason enough for increased scrutiny of the Federal Reserve’s practices is illustrated.
In response to growing public and congressional support for H.R. 1207 , Fed Chairman Ben Bernanke did what the Fed seems to do so well– operate in secret to manipulate outcomes.
Fed officials say they were alarmed, but focused on making their case in private rather than in public. Mr. Bernanke met privately with dozens of House and Senate members, even taking calls at home on weekends, and won praise for his willingness to listen and answer their questions.
Bernanke comes off as an elitist who is simply apoplectic in reaction to the prospect of the Federal Reserve having to actualy answer to the people whose money it deals and degrades on a daily basis. So he smartly stopped defending the Fed in public, and began working the system as usual:
Last summer, the central bank hired an experienced Democratic hand and former lobbyist, Linda Robertson, to help deal with members of Congress. Mr. Bernanke alone has met privately with about 40 senators and many House members in the last few months, sometimes to dissect arcane policy issues and sometimes just to explain what he does in plain English.
To re-translate in plain-er English: Bernanke hired a former Enron lobbyist  to grease the wheels in Congress so that Americans can continued to be screwed by an unbeholden, unaccountable,unelected central bank.
The problem is, Bernanke still has not made a plausible case against a Fed audit. He and the other Fed supporters go on about nightmare scenarios where an audit:
“…could lead to a Congressional “takeover” of monetary policy that would be “highly destructive to the stability of the financial system, the dollar and our national economic situation.”
Hold on, isn’t that what has already happened –with the Fed at the helm! I don’t believe you Mr. Bernanke, but maybe I am not as sophisticated as your little club that has secret meetings, maybe I am not privy to the same information that you are. Audit The Fed-now.
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URL to article: http://www.prisonplanet.com/bernanke-lobbying-hard-for-status-quo-federal-reserve.html
URLs in this post:
 Campaign For Liberty: http://www.campaignforliberty.com/blog.php?view=28333
 today’s New York Times: http://www.nytimes.com/2009/11/11/business/11fed.html?_r=1
 H.R. 1207: http://www.auditthefed.com/
 Image: http://www.efoodsdirect.com/gmoPeople.html?aid=14&adid=12
 former Enron lobbyist: http://www.bloomberg.com/apps/news?pid=20601087&sid=aZjQKyLci1AM
 isn’t that what has already happened: http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932009
 Ben Bernanke Confronted on Secret Federal Reserve Bailouts: http://www.prisonplanet.com/ben-bernanke-confronted-on-secret-federal-reserve-bailouts.html
 Bernanke Says That Any Criticism Of The Federal Reserve Is Based On “Misconceptions”: http://www.prisonplanet.com/bernanke-says-that-any-criticism-of-the-federal-reserve-is-based-on-%e2%80%9cmisconceptions%e2%80%9d.html
 Ron Paul Grills Bernanke On Watergate, Saddam Hussein and the Federal Reserve: http://www.prisonplanet.com/ron-paul-grills-bernanke-on-watergate-saddam-hussein-and-the-federal-reserve.html
 Paul Blasts Bernanke: “Federal Reserve Delivered This Crisis To Us”: http://www.prisonplanet.com/paul-blasts-bernanke-federal-reserve-delivered-this-crisis-to-us.html
 Press Release: Federal Reserve Accountability Act An Unacceptable Compromise: http://www.prisonplanet.com/press-release-federal-reserve-accountability-act-an-unacceptable-compromise.html
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