The FED Threatens Congress

The FED threatens that if Congress dare review FED actions, the whole country will fall apart -- sound familiar? Ron Paul has the support of more than half of the House of Representatives for a bill that would audit the Fed’s monetary policy decisions. Paul wants to prevent the Fed being "secret and clandestine and serving special interests”.

Remember, the FED is the core of all U.S. financial problems. As Ron Paul stated to the U.S. House of Representatives in 2002, "From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble...every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts".


The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.

There is a monumental power struggle taking place. The "O Team" wants to increase FED power to unprecedented levels despite the FED's obvious mob-like dictates to its field soldiers like Bank of America and the ordered takeover of Merrill Lynch.

Get a load of Donald Kohn's (vice-chairman of the US Federal Reserve) ludicrous and impudent justification for maintaining FED secrecy:

"Although Federal Reserve officials regularly explain the rationale for their policy decisions in public venues, the process of vetting ideas and proposals, many of which are never incorporated into policy decisions, could suffer from the threat of public disclosure," Mr Kohn told a House Financial Services subcommittee.

"If policymakers believed that (Government Accountability Office) audits would result in published analyses of their policy discussions, they might be less willing to engage in the unfettered and wide-ranging internal debates that are essential to identifying the best possible policy options.”

Ask yourself why that is? What have they got to hide? Who do these people think they are?

Paul has the FED up against the wall for now but I doubt his efforts will stick. The FED will most likely browbeat Congress into submission with fear tactics as Hank and friends did in the past. Better yet, many in Congress already know what the FED is up to and are complicit. The whole system is corrupt to the core; people are so accustom to the corruption, no one even bats an eye anymore. In fact the dismal weight of fascism and mass lethargy is growing so pervasive, I feel as if I'm living within Orwell's novel 1984.

Ilargi summed the situation up beautifully: "The idea that government agencies, who arguably have the best access to data, use that access to distort those same data, seems so intertwined with how society functions these days that not only are there hardly any protests, there's not even much surprise. And that, let me say it once again, depicts an all-out political crisis".